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GM’s $4 Billion Investment Shifts Focus Back to Gas-Powered Vehicles
A Strategic Pivot Amid EV Market Turbulence In a notable industry development, General Motors (GM) has announced a $4 billion investment to boost the production capacity of gas-powered vehicles across its U.S. facilities. This decision marks a nuanced but strategic shift in GM’s production priorities, coming at a time when electric vehicle (EV) adoption is […]
What the Inflation Reduction Act Could Mean For the Canadian Automotive Industry
The IRA will allow Canadian workers to capitalize on the growing clean economy through new opportunities, specifically in the automotive industry. Last week, the Inflation Reduction Act (IRA) was signed into legislation by President Biden of The United States. Said to create over 900,000 jobs in the next 10 years for the clean manufacturing […]
Leading car manufacturers committed to phase out fossil-fuel vehicles by 2040
The era of fossil-fuels is reaching its end as 30 countries committed to phase out fossil-fuel powered vehicles by 2040. This is a new landmark global agreement set at Cop26, having a major impact on companies not only in the automotive industry, but generally in the energy sector. At least six major automakers agreed […]