Tesla produced its first Cybertruck off the assembly line in Austin, Texas, over the weekend after two years of delays. The first Cybertruck finally rolled off the factory line on July 15 to much celebration at Tesla’s Gigafactory. Tesla CEO Elon Musk first announced the first prototype of the electric pickup truck back in 2019 to great…
Tesla Builds Its First Cybertruck Two Years Behind Schedule
July 17, 2023
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Union Workers Make Safety Complaints at GM’s Electric Vehicle Plant
July 8, 2023
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Union workers at a General Motors electric vehicle plant have been complaining of safety issues. Workers at a GM Ultium electric vehicle plant confronted caught a defective battery on fire late last month, reported the Financial Times. According to the fire department in Lordstown, Ohio, the factory workers were able to put it out, with two people…
United States Now Second Largest EV Market After China
June 20, 2023
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The United States is now the second-largest electric vehicle market behind China after years of falling behind Europe in terms of use. Americans had been slower than other advanced nations to accept electrified transport, but the EV market has gained momentum due to political pressure and government subsidies. Every state now has plans to construct a…
GM to Invest $632 Million at Fort Wayne Assembly Plant to Prepare for New Generation of Pickups
DETROIT—General Motors says it will spend $632 million to update its Fort Wayne, Indiana, assembly plant so it can make the next generation of full-size pickup trucks with internal combustion engines. The investment in new conveyors and equipment in the body shop and assembly areas won’t create any new jobs. But GM said on Monday…
Tesla Is the New Energy Infrastructure Company
News Commentary Detroit rivals General Motors and Ford Motor Company both announced that they signed deals to use Tesla’s supercharger network in North America starting next year. Existing owners of Ford and GM electric vehicles (EV) can soon begin accessing Tesla’s massive supercharger network that uses the company’s North American Charging Standard (NACS) connector with…
GM Will Join Tesla’s EV Charging Network, Making It the De Facto Industry Standard
June 9, 2023
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General Motors said it will adapt its electric vehicles to the Tesla Supercharger network, after Ford Motor Co. made a similar deal last month. This move will all but ensure that Tesla’s charging ports will become the North American standard. On June 8, GM CEO Mary Barra revealed in a talk with Tesla CEO Elon…
GM to Invest $500 Million at Plant That Makes Large SUVs in Arlington, Texas
DETROIT—General Motors said Thursday that it will sink more than $500 million into its Arlington, Texas, assembly plant to get ready for the next generation of big SUVs with internal-combustion engines. The company said the plant will get new equipment for metal stamping, the body shop, and general assembly. No new jobs will be created…
GM to Invest More Than $1 Billion in 2 Flint, Michigan, Plants
FLINT, Michigan—General Motors plans to invest more than $1 billion in two Flint, Michigan, manufacturing plants for the production of the next-generation internal combustion engine heavy-duty trucks. Gerald Johnson, executive vice president, Global Manufacturing and Sustainability, said Monday that the company will build internal combustion vehicles throughout this decade, in addition to making electric vehicles….
LIVE 5 PM ET: NTD Business (April 25): GM ending production of Chevy bolt EV; First Republic Bank Shares Plummet nearly 50%
April 25, 2023
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Shares of First Republic Bank plummeted today, after it revealed massive withdrawal of deposit in the last quarter, it’s also laying off workers. The cheapest American EV is going away. Stay tuned to find out why GM is ending the production. Manufacturing giant 3M announcing a major layoffs today—how many are they letting go, and…
LIVE 5 PM ET: NTD Business (April 25): GM Ending Production of Chevy Bolt EV; First Republic Bank Shares Plummet Nearly 50 Percent
April 25, 2023
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3MbidenBusiness & MarketsChatGPTchevy bolteconomic policieseconomyEpochTVFirst Republic BankGeneral MotorsInvestmentLive VideosMarketsNTD BusinessSilicon Valley BankUSVideo
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Shares of First Republic Bank plummeted Tuesday, after it revealed a massive withdrawal of deposits in the last quarter. It’s also laying off workers. The cheapest American EV is going away. Find out why GM is ending the production. Manufacturing giant 3M announced major layoffs Tuesday—how many are they letting go, and why? In its…
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