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gm

Factory ZERO becomes first U.S. auto plant to install 5G technology

2 mins read

The FINANCIAL — 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 is one of its first enterprise customers to use 5G Ultra Wideband service. Verizon’s 5G Ultra Wideband network has considerably faster download speeds and greater bandwidth than…

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Factory ZERO becomes first U.S. auto plant to install 5G technology

2 mins read

The FINANCIAL — 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…

General Motors aims to transform the auto insurance industry with OnStar Insurance

1 min read

The FINANCIAL — 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 today it will take its relentless focus on safety and delivering a world-class customer experience one step further with OnStar Insurance. GM’s new…

General Motors adds 3,000 new tech jobs

2 mins read

The FINANCIAL — 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…

GM reported $4 bln income in third quarter

1 min read

The FINANCIAL — General Motors Co. (NYSE: GM) today reported third-quarter earnings driven by its agility, and strong and growing franchises. Despite the COVID-19 pandemic, the company continued to invest in its electric vehicle and autonomous vehicle growth initiatives, launched an all-new portfolio of full-size Chevrolet, GMC and Cadillac sport utility vehicles, and maintained leading U.S.…

GM investing $2 bln in Tennessee factory to build electric vehicles

2 mins read

The FINANCIAL — General Motors Co. (NYSE: GM) announced today that its Spring Hill, Tennessee assembly plant will begin the transition to become the company’s third vehicle manufacturing site to produce electric vehicles, joining Factory ZERO in Detroit and Hamtramck, Michigan, and Orion Assembly in Orion Township, Michigan. In addition, the company is confirming investments…

GM becomes first automaker to surpass 1M subscriptions to its Wi-Fi

2 mins read

 The FINANCIAL — In September 2020, General Motors crossed a new milestone as the first automaker with more than 1 million subscribers to its Wi-Fi-enabled data services provided by AT&T. The company initially launched a broad rollout of 4G LTE connectivity across Chevrolet, Buick, GMC and Cadillac models in the U.S. and Canada starting in 2014,…

Studies show that GM produces the most American-made vehicles

1 min read

The FINANCIAL — General Motors produces more models with the highest amounts of American-produced components than any other automaker, according to two recent independent studies. In the Cars.com annual American-Made Index for 2020, nine of the top 25 models are GM products, more than any other manufacturer. The Cars.com report ranked 91 models assembled in the U.S.…

General Motors unveils Factory ZERO

1 min read

The FINANCIAL — General Motors announced its Detroit-Hamtramck Assembly Center will be known as Factory ZERO, reconfigured to an all-electric vehicle assembly plant. The name Factory ZERO reflects the significance of this facility in advancing GM’s zero-crashes, zero-emissions and zero-congestion future. Factory ZERO will be the launchpad for GM’s multi-brand EV strategy. The facility has…

General Motors and Nikola announced a strategic partnership

3 mins read

The FINANCIAL — Nikola Corporation and General Motors announced a strategic partnership that begins with the Nikola Badger and carries cost reductions through Nikola’s program. As part of the agreement, Nikola will utilize General Motors’ Ultium battery system and Hydrotec fuel cell technology, representing a key commercialization milestone for General Motors. Nikola will exchange $2 billion…

Honda and GM are teaming up to work on vehicles together

3 mins read

The FINANCIAL — General Motors and Honda announced that they had signed a non-binding memorandum of understanding following extensive preliminary discussions toward establishing a North American automotive alliance. The scope of the proposed alliance includes a range of vehicles to be sold under each company’s distinct brands, as well as cooperation in purchasing, research and development,…