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General Motors to contribute $625M in cash, credit
General Motors to contribute $625 million to new JV with Lithium Americas
Canadian miner Lithium Americas said on Wednesday General Motors will contribute $625 million to their new joint venture for developing the Thacker Pass project in Nevada. U.S. automakers are ramping up their output of EVs and hybrids and aiming to reduce their reliance on China for battery-related materials in a competitive market.
General Motors to contribute $625M in cash, credit to new JV with Lithium Americas
Lithium Americas (NYSE:LAC) +19.4% pre-market Wednesday after announcing a new investment agreement with General Motors (GM) to establish a joint venture for the construction and operation of Thacker Pass in Nevada.
Lithium Americas, General Motors Holdings To Establish New JV
Wednesday announced that it has inked a new investment deal with General Motors Holdings LLC to establish a joint venture for the purpose of funding, developing, constructing and operating Thacker Pass in Humboldt County,
1d
General Motors: Strong Free Cash Flow Can Be Sustained And The Stock Is Cheap
General Motors has significantly improved operational efficiency, leading to healthy free cash flow and expanded operating ...
2d
on MSN
General Motors says Barclays will replace Goldman Sachs as rewards-card issuer starting next summer
The cards give members the opportunity to earn and redeem awards on new Chevrolet, Cadillac, Buick and GMC vehicles, ...
4d
General Motors discontinues 2 iconic cars, resulting in over a thousand layoffs
General Motors (GM) has laid off 1,695 employees at its assembly plant in Fairfax, Kansas, where the company will soon cease ...
Supply Chain
5h
GM Invests $625M in EV Battery Material Mining Operation
GM is aiming to source more of its raw materials for electric vehicles from the U.S, to manage battery cell costs and ...
Auto123
5h
Sales of EVs on the Rise at General Motors
Sales of electric vehicles fluctuate across the industry, but GM is seeing significant increases from one quarter to the next ...
5d
General Motors: Iconic car discontinued, thousands facing layoffs
For over 60 years, this sedan has been "a hit due to its affordability," GM said, but is being discontinued to make way for ...
1d
General Motors Partners With Barclays to Offer Exclusive Rewards
General Motors Company GM and Barclays US Consumer Bank have entered into a long-term agreement. Per the contract, Barclays ...
7d
on MSN
General Motors Is Done With Ultium: Here's Why It Couldn't Be Saved
General Motors made a huge splash with its Ultium branding. Now, it's reversing course. Here's why that's probably good news ...
8d
General Motors Kills Battery Brand, Revives EV Profit Outlook
General Motors CEO Mary Barra and other top execs worked to assure investment analysts its EV strategy is sound, but the end ...
fstech
1d
General Motors and Barclays forge new credit card partnership
General Motors (GM) and Barclays have announced a long-term partnership agreement that will see the British bank become the ...
9h
General Motors' Cruise Stake Could Be Worth More Than The Entire Company
General Motors' reasonable valuation and ownership stake in Cruise present a potentially attractive way to capitalize on the ...
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Related topics
Lithium Americas
Thacker Pass
Barclays
United States
New York Stock Exchange
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