General Motors

Indiana to Promote Booming Battery, EV Ecosystems to Industry Leaders in South Korea

Retrieved on: 
Monday, March 4, 2024
EV, Economic development, General Motors, Hoosier, Investment, Electronics, Exhibition, Samsung, Commerce, Republic, Semiconductor, Partnership, Renewable energy

“Indiana’s battery and electric vehicle supply chain has historic momentum, attracting more than $14 billion in investments since 2022 thanks in large part to our industry partners in South Korea,” said Sec.

Key Points: 
  • “Indiana’s battery and electric vehicle supply chain has historic momentum, attracting more than $14 billion in investments since 2022 thanks in large part to our industry partners in South Korea,” said Sec.
  • “The state’s showcase at InterBattery 2024 is a competitive opportunity to highlight Indiana, our business advantages and our skilled talent pipeline to global industry leaders and the broader supply chain.”
    Sec.
  • Indiana is home to more than 1,050 foreign-owned business establishments, representing more than 40 countries and territories, including 14 from South Korea – a number that continues to grow.
  • Since 2013, South Korea-based businesses and their U.S.-based affiliates have committed to investing more than $15.1 billion to establishing or grow operations in Indiana, creating more than 7,700 new Hoosier jobs.

2023 in Review: Eclipse Software Defined Vehicle (SDV) Accelerates Automotive Tech Innovation through Open Source Collaboration

Retrieved on: 
Tuesday, February 27, 2024
General Motors, Research, IEC 61508, Growth, Future, HARMAN, Certification, OCX, Software, ISO, Eclipse Foundation, Automotive industry, GM, ISO 26262, Ecosystem, LG Electronics, IEC, Community, Development, Microsoft, Partnership, European Commission, Commercial software, Original equipment manufacturer, DENSO, Civil service commission, Electronics, Innovation, IEC 62304, SDV, G6, Volkswagen Group, Renewable energy

The year marked several noteworthy highlights, showcasing our unwavering commitment to innovation in the automotive tech landscape:

Key Points: 
  • The year marked several noteworthy highlights, showcasing our unwavering commitment to innovation in the automotive tech landscape:
    Inaugural Automotive Open Source Summit Success:
    In early June, Eclipse SDV successfully launched its first-ever Automotive Open Source Summit .
  • Geared towards automotive tech executives, thought leaders and senior managers, the summit showcased speakers from Eclipse automotive initiatives and beyond.
  • Discover opportunities to actively contribute to the global centre of gravity for software defined vehicle innovation and collaboration.
  • Later this year, the Eclipse Foundation will be hosting its inaugural event focused on automotive open source at the Open Code for Automotive conference, co-located with its newest global event for open source software, the Open Code Experience (OCX) , taking place on 22-24, October 2024 in Mainz, Germany.

GENERAL MOTORS COMPANY (NYSE: GM) INVESTIGATION ALERT: Bernstein Liebhard is Investigating General Motors Company

Retrieved on: 
Monday, February 26, 2024
General Motors, ARC, Advertising, GM, LLP, Security (finance)

NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential mismanagement at General Motors Company (“General Motors” or the “Company”) (NYSE: GM) in connection with the Company’s autonomous vehicle unit, Cruise, and the Company’s continued use of airbag inflators manufactured by ARC Automotive, Inc. in millions of its vehicles.

Key Points: 
  • If so, please visit General Motors Company Shareholder Investigation or contact paralegal Peter Allocco at (212) 951-2030 or [email protected] to discuss your rights.
  • NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential mismanagement at General Motors Company (“General Motors” or the “Company”) (NYSE: GM) in connection with the Company’s autonomous vehicle unit, Cruise, and the Company’s continued use of airbag inflators manufactured by ARC Automotive, Inc. in millions of its vehicles.
  • If you hold General Motors stock and would like to discuss your legal rights and options, please visit General Motors Company Shareholder Investigation or contact paralegal Peter Allocco at (212) 951-2030 or [email protected] .
  • The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414.

Governor DeWine Lt. Governor Husted Announce Schaeffler Locating EV Manufacturing in Tuscarawas County

Retrieved on: 
Monday, February 26, 2024
EV, General Motors, Ohio Department of Transportation, City, Growth, Economic development, Ford, Heart, Workforce, Transport, Renewable energy

“Schaeffler is already established in Ohio, and we welcome their decision to expand here to support our growing and thriving electric vehicle ecosystem.

Key Points: 
  • “Schaeffler is already established in Ohio, and we welcome their decision to expand here to support our growing and thriving electric vehicle ecosystem.
  • Schaeffler operates a manufacturing facility in nearby Wooster, Ohio, and an automotive aftermarket operation in Strongsville, Ohio.
  • The company’s new facility in Dover will manufacture electric beam axles and electric drivetrain systems to support the hybrid/EV industry.
  • “Forward-looking companies like Schaeffler understand the value and advantages of doing business in Ohio,” said Lt.

Worksport Ltd. Announces New Distribution Partnership with Dix Performance North to Expand Presence Across Canada

Retrieved on: 
Friday, February 23, 2024
General Motors, GMC, Raivio, Growth, Catalog, Business development, Element, Ford, Stellantis, AL3, Jeep, RAM, Hyundai, Partnership, Automotive industry

West Seneca, New York, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (“Worksport” or the “Company”) is proud to announce a new distribution partnership with Dix Performance North, Canada’s leading wholesaler of aftermarket car and truck products.

Key Points: 
  • West Seneca, New York, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (“Worksport” or the “Company”) is proud to announce a new distribution partnership with Dix Performance North, Canada’s leading wholesaler of aftermarket car and truck products.
  • This strategic alliance is expected to make Worksport’s range of covers widely available throughout Canada, promising to accelerate partnership growth and contribute to significant sales and revenue increases.
  • “Partnering with Dix Performance North is a milestone for Worksport that will significantly enhance our distribution capabilities across Canada,” said Raivio.
  • We believe that this partnership will open up new avenues for growth and enable us to reach more customers with our innovative truck covers.”

Carbon Revolution Announces Board Changes - Bob Lutz Appointed Chair of the Board

Retrieved on: 
Wednesday, February 21, 2024
Carbon, New product development, Marine Corps Expeditionary Medal, General Motors, Exide, OEM, Partnership, OIC, Ford Motor Company, Tier 1, University, Chairperson, Remuneration, Committee, Production management, Vice, Chair, Communication, Management

(Bob) Lutz will become Chair of the Board.

Key Points: 
  • (Bob) Lutz will become Chair of the Board.
  • Mr. Lutz said “I am excited to become Chair of the Board of Carbon Revolution at this transformative time when the Company is disrupting the global automotive wheel market with its unique lightweight carbon fiber composite wheel technology.
  • With the listing complete, James Douglas will step down as Chair and will retire from the Board.
  • Mr. Lutz has served as a director since November 2023 and brings to the Board significant board and executive experience in the automotive industry.

Gentherm Reports 2023 Fourth Quarter and Full Year Results

Retrieved on: 
Wednesday, February 21, 2024
Acquisition, General Motors, Architecture, Medicine, USD, Temperature, Climate, Investment, Electronics, Original equipment manufacturer, Consumer Electronics Show, ICE, Eyler, Net income, Adjustment, GAAP, EUR, Federal, IHS Markit, UAW, Alertness, Massage, Research, Software, Video game

NORTHVILLE, Mich., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, today announced its financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • According to S&P Global’s mid-February 2024 report, actual light vehicle production in the fourth quarter of 2023 increased by 12.8% compared to the fourth quarter of 2022 in the Company’s key markets of North America, Europe, China, Japan and Korea.
  • Selling, general and administrative expenses of $41.9 million in the 2023 fourth quarter increased $5.3 million, or 14.5%, versus the prior year period.
  • Income tax benefit in the 2023 fourth quarter was $0.9 million, as compared with $0.06 million in the prior year period.
  • GAAP diluted earnings per share for the fourth quarter of 2023 was $0.56 compared with a loss of $(0.13) for the prior year period.

GENERAL MOTORS COMPANY (NYSE: GM) INVESTIGATION ALERT: Bernstein Liebhard is Investigating General Motors Company

Retrieved on: 
Tuesday, February 20, 2024
General Motors, ARC, Advertising, GM, LLP, Security (finance)

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential mismanagement at General Motors Company (“General Motors” or the “Company”) (NYSE: GM) in connection with the Company’s autonomous vehicle unit, Cruise, and the Company’s continued use of airbag inflators manufactured by ARC Automotive, Inc. in millions of its vehicles.

Key Points: 
  • If so, please visit General Motors Company Shareholder Investigation or contact paralegal Peter Allocco at (212) 951-2030 or [email protected] to discuss your rights.
  • NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential mismanagement at General Motors Company (“General Motors” or the “Company”) (NYSE: GM) in connection with the Company’s autonomous vehicle unit, Cruise, and the Company’s continued use of airbag inflators manufactured by ARC Automotive, Inc. in millions of its vehicles.
  • If you hold General Motors stock and would like to discuss your legal rights and options, please visit General Motors Company Shareholder Investigation or contact paralegal Peter Allocco at (212) 951-2030 or [email protected] .
  • The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414.

GlobalFoundries and Biden-Harris Administration Announce CHIPS and Science Act Funding for Essential Chip Manufacturing

Retrieved on: 
Monday, February 19, 2024
CHIPS, General Motors, Research, GameChanger, Empire, Education, Investment, News, Upstate, Growth, Commerce, Qualcomm, University, ITC, SUNY, Lockheed Martin, Energy, Century, Semiconductor, Workforce, Student, GlobalFoundries, Electronics, GM, White, Economic development, AMD, Ecosystem, HVCC, Partnership, Hudson Valley Community College, Learning, Economy, NYPA, Gallium nitride, Capital, Chair, Science, GFS, AI, Internet of things, Government, COVID-19, Lockheed, Empire State, Renewable energy

MALTA, N.Y. and ESSEX JUNCTION, Vt., Feb. 19, 2024 (GLOBE NEWSWIRE) -- The U.S. Department of Commerce today announced $1.5 billion in planned direct funding for GlobalFoundries (Nasdaq: GFS) (GF) as part of the U.S. CHIPS and Science Act. This investment will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defense, and other vital markets.

Key Points: 
  • This investment will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defense, and other vital markets.
  • GF is the first semiconductor pure play foundry to receive a major award (over $1.5 billion) from the CHIPS and Science Act, designed to strengthen American semiconductor manufacturing, supply chains and national security.
  • “When I wrote the CHIPS & Science Law, I made sure there was funding especially for the feature-rich, legacy chips that GlobalFoundries produces in Malta and that are essential for America’s auto industry and national defense.
  • “The CHIPS Act funding will help encourage innovation and expansion of this vital sector in our state and across the country.

Prudential and RGA entrusted to fulfill $5.9 billion in pension promises for Verizon

Retrieved on: 
Wednesday, March 6, 2024
Professional Services, Finance, General Motors, Prudential Financial, PRU, IBM, Retirement, Reinsurance Group of America, Prudential, RGA, HP Inc., Shell, Shell USA, Organization

Prudential Financial, Inc. ( NYSE: PRU ) and Reinsurance Group of America, Incorporated ( NYSE: RGA ) have been selected in a pension risk transfer involving Verizon Communications Inc.

Key Points: 
  • Prudential Financial, Inc. ( NYSE: PRU ) and Reinsurance Group of America, Incorporated ( NYSE: RGA ) have been selected in a pension risk transfer involving Verizon Communications Inc.
  • Prudential and RGA, organizations with a long history of providing lifetime income to individuals, are well positioned to meet this commitment.
  • The transaction marks the second major pension risk transfer agreement between Prudential and Verizon.
  • Prudential revolutionized the modern pension risk transfer market with its pioneering pension buyouts with General Motors and its first transaction with Verizon in 2012.