All posts tagged: general motors

Boeing and Google each Donate m to Trump’s inauguration,” reports | World News

Boeing and Google each Donate $1m to Trump’s inauguration,” reports | World News

US aviation giant Boeing has confirmed to BBC News that it is contributing $1 million (£812,600) to the inauguration fund for President-elect Donald Trump. “We are pleased to continue Boeing’s bipartisan tradition of supporting US Presidential Inaugural Committees,” a Boeing spokesperson said, noting the company has made similar contributions to the last three presidential inaugurations. Google has also joined the list of major corporations donating to the fund. “Google is pleased to support the 2025 inauguration, with a livestream on YouTube and a direct link on our homepage,” said Karan Bhatia, Google’s global head of government affairs and public policy. Other companies contributing to the fund include technology firms Meta and Amazon, ride-sharing giant Uber, and car manufacturers Ford, General Motors, and Toyota, with each reportedly donating $1 million. Chevron, a major oil producer, confirmed its participation but declined to specify the amount. “Chevron has a long tradition of celebrating democracy by supporting the inaugural committees of both parties. We are proud to be doing so again this year,” said Bill Turene, the company’s global …

General Motors gets a spot in F1 as the 11th team with Cadillac in 2026 | Motor-sport News

General Motors gets a spot in F1 as the 11th team with Cadillac in 2026 | Motor-sport News

General Motors will enter Formula One racing in 2026. F1 has confirmed that it has secured an agreement in principle with General Motors to bring an eleventh team to the grid in 2026. They will enter the grid under the Cadillac brand. The GM’s effort to enter the grid appeared to be dead just months ago after being headed by Andretti Global, but it has now sped to becoming a fully-fledged squad for the following season. F1 initially rejected an Andretti-GM deal, closing the door on that concept until 2028. Since 2017, the sport has featured ten teams on the grid, and this looks likely to continue for the foreseeable future. Formula 1 announced that General Motors had “achieved operational milestones and made clear their commitment to brand the eleventh team GM/Cadillac.” According to the F1 news release, GM has also committed to entering as a single engine supplier at a later date, but it will require a customer agreement with an existing manufacturer for its debut season in 2026 and, most likely, in 2027. …

Stellantis May Come to India to Make Affordable EVs for Europe

Fiat parent Stellantis has concluded it can’t currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. If India, with its low-cost supplier base, is able to meet the company’s quality and cost targets by the end of 2023, it could open the door to exporting EVs to other markets, said Carlos Tavares, CEO of the group whose brands also include Peugeot and Chrysler. “So far, Europe is unable to make affordable EVs. So the big opportunity for India would be to be able to sell EV compact cars at an affordable price, protecting profitability,” Tavares told reporters at a media roundtable in India late on Wednesday. Stellantis is investing heavily in EVs and plans to produce dozens in the coming decade, but Tavares warned last month that affordable battery EVs were between five and six years away. On his first visit to India since taking over as Stellantis CEO, he said the company was still working out a plan regarding …