GM sells stake in EV battery plant and deepens ties to LG
General Motors is selling its stake in a new battery plant that was built with government incentives. Why it matters: GM partners with South Korean battery giant LG Energy Solution through a joint venture called Ultium Cells, which currently produces batteries at factories in Warren, Ohio and Spring Hill, Tennessee.
GM sells stake in Ultium Lansing battery plant to partner LG Energy Solution
GM made the announcement amid a push by executives to be more capital-efficient and make its electric vehicles profitable.
GM to Sell Its Stake in Michigan EV Battery Plant to LG Energy
General Motors Co. is selling its stake in an electric-vehicle battery plant in Lansing, Michigan, to South Korean partner LG Energy Solution, recouping about $1 billion in investment from a facility that will still supply energy cells to the automaker’s EVs.
General Motors to Sell Its Stake in Lansing, Michigan, Battery Factory to LG Energy Solution
General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, Michigan
GM to sell its stake in Michigan battery plant to LG Energy Solution
General Motors said Monday it will sell its stake in its joint venture battery plant in Lansing, Michigan, to partner LG Energy Solution as the Detroit automaker trims its electric vehicle plans. GM expects to recoup its investment in the facility,
GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner LG Energy Solution.
Microchip Says It Will Shut Arizona Plant, Updates Outlook
Microchip Technology Inc., a maker of chips for cars, consumer devices and other products, said it would close a plant in ...
U.S. Energy Department unveils $7.54B loan for Samsung, Stellatis EV battery plant
The U.S. Department of Energy on Monday announced a multi-billion dollar loan to jumpstart a joint project in Indiana between ...
Europe’s auto companies plan plant closures and layoffs
Stellantis and Valeo are among the auto companies that flagged layoffs and site closures announced in recent months.
Volkswagen workers hold 2-hour strikes to push back against proposed pay cuts and plant closures
Volkswagen workers have launched rolling two-hour strikes at nine plants across Germany to underscore their resistance to pay ...
Europe's embattled auto sector plans plant closures and layoffs
A slew of automotive companies have recently announced plant closures and big layoffs in Europe as they struggle with weak ...
Postgame fights erupt across rivalry week as four teams attempt to plant flags on opponent's field
Though flag-planting isn't a new concept, it was prolific throughout Week 14's rivalry games.  Four contests ended with one ...
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Scientists Are Trying to Crack the Recipe for the Perfect Plant-Based Eggs
An egg is an amazing thing, culinarily speaking: delicious, nutritious and versatile. Americans eat nearly 100 billion of ...
Intel CEO steps down, DeWine addresses chip plant
Intel CEO Pat Gelsinger stepped down Monday after leading the company for three years and proving instrumental in getting a ...