General Motors received 33 more claims to its ignition-switch claim facility this week, which pushed the total to 4,345. The number of accepted cases increased by eight, including one fatality and seven injuries.
Chevrolet knows that the Bolt and Volt names can cause confusion, but the company is still deciding what to do about it. There's a possibility that the upcoming EV hatchback could wear a different moniker by the time it arrives in showrooms.
BIO Suggests Tweaks To CA Low Carbon Fuel Standard
GM to source 34 megawatts of wind power in Mexico. Biotechnology Industry Organization suggests less burdensome reporting requirements for Low Carbon Fuel Standard. The Tesla Model S stars in a new short film from Digital Giant.
General Motors received 75 more claims from people about the automaker's faulty ignition switches. The number of eligible claims jumped up by 12, including four more for deaths and eight more for injuries.
The United States Postal Service has sent a request for information to automakers, seeking bids on a next-generation postal delivery vehicle. It needs 180,000 new trucks built with safety and package delivery in mind to replace the archaic Grumman LLV that's become a huge drain on service resources.
General Motors is giving CEO Mary Barra, president Dan Ammann and product development boss Mark Reuss even more shares in the automaker in 2015 under the company's long-term incentive plan. Barra's stock could be worth around $3 million.
General Motors has retained Goldman Sachs and Morgan Stanley for "advice" on how to respond to activist investor Harry J. Wilson. He leads a group of four investment funds who want GM to spend $8 billion on a share buyback to raise its stock value, and he wants a seat on the board.
Vattenfall, Bosch Use BMW Batteries For Grid Storage
Zero-emissions-capable Metrocab begins taxi duty in London; 2016 Chevrolet Volt interior has been finished for two years. Second Life Battery Alliance describes grid-balancing storage project using EV batteries.
Despite its best efforts, Cadillac can't seem to move enough of its sedans – like the ATS and CTS – forcing it to offer deep incentives and reduce production. The Escalade SUV, on the other hand, is selling like chromed hotcakes.