GM's Ultium Cells plant votes overwhelmingly to join UAW
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Alphabet’s (GOOG) Waymo applies for final permit to sell autonomous rides in California
December 13, 2022 1:43 PM ESTAlphabet (NASDAQ: GOOG) announced Tuesday that the companys autonomous driving technology company, Waymo has applied for the final permit it needs in California before it can sell fully autonomous rides. A decision on the application could take months.
Currently, General Motors... More
U.S. finalizes $2.5b loan for GM and LG joint venture
December 12, 2022 11:44 AM ESTThe U.S. Energy department announced Monday that they have finalized a $2.5 billion low-cost loan to a joint venture of General Motors (NYSE: GM) and LG Energy Solution to help pay for three new lithium-ion battery cell manufacturing facilities.
The loan will help finance... More
Wedbush calls GM's Ultium platform its 'secret sauce'; reiterates outperform
December 12, 2022 7:06 AM ESTWedbush reiterated an Outperform rating and $46.00 price target on General Motors (NYSE: GM) after hosting an all-day tour at GMs headquarters in Detroit last week, where analyst Daniel Ives was able to deep dive into the companys facilities, battery labs, design processes, and have Q&A sessions with management.
Ives wrote... More
GM’s Ultium Cells plant begins two-day vote to join UAW
December 7, 2022 12:10 PM ESTWednesday marks the beginning of a two-day voting process for for 900 workers at the Ultium Cells plant in Lordstown as they decide if they want to join the United Autoworkers Union. Ultium cells, a joint venture between General Motors (NYSE: GM) and LG solutions to make batteries to... More
