Wedbush calls GM's Ultium platform its 'secret sauce'; reiterates outperform
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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
GM's Ultium Cells plant votes overwhelmingly to join UAW
December 9, 2022 2:09 PM ESTThe UAW announced in a statement today that a General Motors (NYSE: GM) joint venture battery plant in northeast Ohio have voted to join the United Automobile Workers union. The Ultium Cells plant, a joint venture between GM and LG solutions, began the two-day voting process on Wednesday where, according to the UAW, 98% of votes cast were in favor for the union.
The outcome appears to... More
