General Motors

General Motors

General Motors is an automotive manufacturing corporation based in Detroit, Michigan, United States

General Motors is a multinational automotive manufacturing corporation that markets, distributes, and provides vehicles. The company was founded in 1908, in Detroit, Michigan, United States.

The company engages in the manufacturing of cars and trucks for the United States, China, Brazil, Germany, the United Kingdom, Canada, and Italy. Their catalogue offers sedans, crossovers, SUVs, sports cars, trucks, hybrid vehicles, and other types of automobiles.

COVID-19

With the outbreak of COVID-19 (coronavirus), President Donald Trump has signed a presidential directive that orders General Motors to begin and prioritize ventilator and mask production to support the needs of coronavirus patients. They look to manufacture approximately 10,000 critical care ventilators per month. GM has partnered with Ventec Life Systems to assist in the manufacturing of the units. They will also be able to manufacture up to 50,000 Level 1 surgical masks per day, and look to increase the numbers to 100,000 per day.

The order from the United States President did not come with a federal contract which makes selling to the states much more difficult for the automaker.

Timeline

March 24, 2020

GM announces a partnership with medical device company Ventec.

December 5, 2019

General Motors and South Korea’s LG Chem announces they will invest $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities.

2020

General Motors suspends 2020 outlook, to draw down $16 billion in credit

March 19, 2019

General Motors announces it would invest 10 billion reais ($2.65 billion) in two of its Brazilian plants located in the state of Sao Paulo.

March 11, 2016

General Motors acquires Cruise Automation, a San Francisco-based startup making sensors that turn regular vehicles into ones that can drive themselves.

January 2016

GM invests $500 million in Lyft.

People

Name
Role
LinkedIn

Eugene Meyung

Investor

Gonzalo Abraira

Investor

Further reading

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Lipscomb partners with GM to produce 'ear savers' that make masks more comfortable

Web

April 17, 2020

Documentaries, videos and podcasts

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Companies

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CEO
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General Motors

News

Title
Author
Date
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Description
November 30, 2020
Business Insider
General Motors will no longer take an equity stake in Nikola, nor will it help the company build its Badger pickup truck.
November 23, 2020
WebWire
General Motors today announced that Factory ZERO, Detroit-Hamtramck Assembly Center, the company's all-electric vehicle assembly plant, is the first automotive plant in the U.S. to install dedicated 5G fixed mobile network technology. Verizon's 5G Ultra Wideband service is operating now at Factory ZERO, with its exponential increases in both bandwidth and speed supporting the ongoing transformation of the plant as it prepares to begin producing EVs in 2021. Verizon Business announced GM i...
General Motors Co.
November 23, 2020
www.prnewswire.com:443
/PRNewswire/ -- The safety and trust of those who drive our vehicles is at the forefront of everything we do at General Motors. Although we believe a recall of...
Michael Tattersall
November 20, 2020
Business Insider
General Motors will launch insurance products this year, likely posing a threat to incumbents' sales opportunities.
Andrew J. Hawkins
November 19, 2020
The Verge
GM increased the amount of money it will spend on electric vehicles, from $20 billion to $27 billion by 2025. The automaker is also accelerating its production plans, committing to releasing 30 new EVs by 2025.
November 19, 2020
WebWire
For more than 20 years, General Motors' OnStar brand has empowered customers to drive with confidence, offering services that provide added peace of mind on the road. GM announced it will take its relentless focus on safety and delivering a world-class customer experience one step further with OnStar Insurance. GM's new insurance agency, OnStar Insurance Services, will be the exclusive agent for OnStar Insurance., , , , A vehicle is one of the most significant purchases a person will make duri...
Matthew Fox
November 18, 2020
markets.businessinsider.com
There's a fast approaching December 3 deadline for the potential $2 billion manufacturing partnership between General Motors and Nikola to close.
November 10, 2020
WebWire
Now through the first quarter of 2021, General Motors will hire 3,000 new employees across engineering, design and IT to help transform the future of product development and software as a service. GM will offer more remote opportunities than ever before as development of autonomous and electric vehicles and advanced platforms like the Ultium battery system continue at a fast pace. Recent virtual development innovations made by the company's engineering team have allowed GM to speed up...
Matthew Fox
November 5, 2020
markets.businessinsider.com
Nio has cumulatively sold 63,343 cars of its current model line up of electric vehicles, while General Motors sold 2.9 million cars in 2019 alone.
The Canadian Press
November 5, 2020
CTVNews
The union representing Canadian workers at General Motors says its bargaining committee has decided to continue its contract talks with the company pasts the strike deadline.
July 31, 2020
WebWire
General Motors and EVgo plan to triple the size of the nation's largest public fast charging network by adding more than 2,700 new fast chargers over the next five years, a move set to help accelerate widespread electric vehicle adoption. The two companies will add fast charging stations to cities and suburbs, unlocking new EV customer segments and providing increased charging access to drivers who live in multi-unit homes, rent their homes and can't install chargers, or might not have ac...
June 3, 2020
WebWire
Today, General Motors Chairman and CEO Mary Barra joined the Rev. Dr. Wendell Anthony, president of the Detroit chapter of the NAACP, Mike Duggan, mayor of Detroit, and the CEOs of eight Detroit companies at the Coleman A. Young Municipal Center to speak against racism and injustice and commit to action and change. Here is the text of her remarks as delivered. *** Last week, I wrote a letter to the General Motors team. In it, I shared my thoughts about what's happening in the world toda...
May 21, 2020
WebWire
Ultium Cells LLC is the name of the General Motors and LG Chem joint venture for cell manufacturing. Construction has started with ground prep activities for the future site of the Ultium battery cell manufacturing facility in Lordstown., , , , During the pandemic, product development work on GM's future EV and AV portfolios continues to progress at a rapid pace. The Cruise Origin was revealed in San Francisco earlier this year, and production timing remains on track for the yet-to-be-revealed...
May 8, 2020
WebWire
General Motors Co. (NYSE: GM) announced today the pricing of three series of senior unsecured notes for a total of $4.0 billion. These notes include $1.0 billion of 5.40 percent notes due in 2023, $2.0 billion of 6.125 percent notes due in 2025 and $1.0 billion of 6.80 percent notes due in 2027. The offering is expected to settle on Tuesday, May 12, 2020. In addition, following the closing of the notes offering, GM expects to enter into a new 364-Day Revolving Credit Agreement, subject to...
April 20, 2020
WebWire
, , , , • GM and DTE Energy partner on state's largest renewable energy investment., , • GM's additional 500,000 MWh solar investment in DTE's MIGreenPower program brings automaker's total renewable energy investment to more than 800,000 MWh, the equivalent of 63 million gallons of gasoline in CO2 emissions.*, , • One hundred percent of GM's DTE-supplied facilities in Southeast Michigan are expected to be powered by wind or solar energy by 2023., , , , , , General Motors and DTE Energy are working tog...
Jonathan M. Gitlin
April 14, 2020
Ars Technica
Company was ordered to make the medical devices by the Trump administration.
April 8, 2020
WebWire
GM and Ventec Life Systems are working with speed and urgency to arm front-line medical professionals with the critical care ventilators they need to treat seriously ill patients. GM is proud to deploy its purchasing and manufacturing capability alongside the respiratory care expertise of Ventec. We remain dedicated to working with the Administration to ensure American innovation and manufacturing meet the needs of the country during this global pandemic. General Motors (NYSE:GM) is a g...
Reuters Editorial
April 2, 2020
U.S.
General Motors and Honda Motor Co Ltd <7267.T> said on Thursday the companies would jointly develop two new electric vehicles for Honda.
Press Trust of india
March 28, 2020
@bsindia
Trump invoked the Korean War-era Defense Production Act, which allows a president to force companies to make products for national defence.
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References

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