Ford has downsized its planned EV plant in Marshall and GM has scrapped EV production targets as consumer EV demand dwindles.
GM’s recent acquisition of TEI, a company with a notable history of collaboration with Tesla in pioneering gigacasting technology, has set the automotive industry abuzz. With an estimated value approaching $100m the strategic move may indicated GM’s positioning to bolster its manufacturing capabilities in gigacasting.
Members of the United Auto Workers union (UAW) have ratified the tentative deals with GM, Ford and Stellantis following weeks of strikes against the Detroit ‘Big Three’.
Despite tentative deals, the impact of the UAW strikes on Ford, GM and Stellantis could have already put suppliers at financial risk.
The AMS Automotive Evolution North America event delivered expert panels and a fully engaged audience. Here are some of the highlights from the sessions.
In this latest AMS digital edition we have a special focus on the North American automotive industry with big investments in electric vehicle and battery production
The strikes are targeting one facility from each OEM to begin with, but the union said this could increase as time goes on.
Union members begin their strike following failed negotiations with the OEMs for a new contract.
If strikes do happen following the 14th September deadline, expert lawyers say there will be a devastating impact on the automotive industry.
The production pauses come at an already challenging time for GM due to recent union negotiations.
Hyundai’s acquisition of GM India’s Talegaon plant signals intent to boost Indian manufacturing and further accelerate EV production plans.
GM and Mitra Chem will work together to develop “advanced iron-based cathode active materials (CAM), like lithium manganese iron phosphate (LMFP), to power affordable and accessible EV batteries compatible with GM’s EV propulsion architecture, the Ultium Platform.”
The OEMs Cadillac Lyriq and BrightDrop van manufacturing levels continue to be impacted due to battery module assembly issues.
India has long been seen as the next big thing in automotive manufacturing. Will new investment help it realise its potential?
This is the latest in a string of investments that GM has announced for both its ICE and EV facilities.
Fort Wayne is the latest in a string of investments made by the carmaker in both ICE and EV manufacturing.
The two companies have signed seperate deals for green steel, with GM focusing on supplying its North American plants, and Mercedes-Benz on its European factories.
The funding is the latest in a string of investments, with $1bn in body, assembly and stamping, even as GM ramp up EV and battery production investments.
General Motors (GM) and POSCO Future M are planning to build a new battery material facility in North America, in the second phase of their joint venture estimated to exceed $1billion.
AMS looks at the changing role of the Chinese operations of European and other long established brands’ operations in China and their changing roles in the global auto sector