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Under the tentative deal, which is yet to be ratified by the union workers, GM has agreed to begin large-scale commercial production of EV600, an electric van, at its CAMI plant

Cadillac unveils Electric Drones concept for making people fly

ANI

Tech

Cadillac unveils Electric Drones concept for making people fly

Tesla Market Value Crosses $800 Billion For The First Time

Tesla's market value crossed $774 billion, making it Wall Street's fifth most valuable company, just behind Google-parent Alphabet Inc and ahead of social media giant Facebook Inc.

Increased New-Car Demand During Pandemic Has US Industry Optimistic About 2021

Consumers in the financial position to buy a new car during the coronavirus pandemic aren't holding back on upsizing their purchases in favor of bigger vehicles with more amenities, according to industry consultant Edmunds.

SoftBank-Backed India's Ola To Invest $326 Million In Electric-Scooter Plant

Companies & Markets

The Indian government has been pushing automakers to move to cleaner fuel technology, especially electric, in an effort to reduce its oil import bill and curb pollution in major cities.

Tesla Launches Second $5 Billion Share Sale Since September

The interest in its shares got another boost when S&P Dow Jones Indices said in late November that Tesla would be added to the S&P 500 index, making it one of the most valuable companies ever to be join the benchmark.

Nikola Dives 15% After Share Lockup Period Expires, Reworked GM Deal

Shares of Nikola, which were at $33.75 after its early June market debut, surged to a record high of $93.99 later that month after Milton announced the company would start taking reservations for its highly anticipated Badger pickup.

GM's Barra Accelerates 'All Out Pursuit Of Global EV Leadership'

GM shares rallied into positive territory after Barra outlined her EV strategy. Tesla shares were up 3% on Thursday, pushing the carmaker toward a $475-billion market capitalization that is almost eight times greater than GM's.

GM Warns Labor Unrest Making South Korea Untenable

Companies & Markets

GM workers have been staging two, four-hour strikes daily since Oct. 30 as they demand an end to a wage freeze put in place after the 2018 deal that saved the Korean operations from bankruptcy.

GM Recalling Nearly 69,000 Bolt Evs For Fire Risks

The recall is for 2017-2019 model year Chevrolet Bolt EVs with high voltage batteries produced at LG Chem Ltd's Ochang, South Korean facility.

GM Thinks Bigger In China With Plan To Import Full-Size Suvs

GM's Buick and Cadillac mid-size SUVs helped the group's Chinese sales grow 12% in the third quarter this year, the first quarterly growth in the past two years.

GM Plans Investments To Expand Electric Vehicle Production

The automaker plans to spend $2.5 billion overhauling and retooling its Detroit-Hamtramck factory to build a GMC Hummer EV electric pickup truck, an automated robotaxi and other vehicles.

General Motors Reports First Quarterly China Sales Growth In Two Years