U.S. automaker General Motors is making a big investment toward electrification. The automaker recently announced plans to invest nearly $800 million to build what it referred to as “Canada’s first large-scale commercial electric vehicle plant.” Drive toward electrification Much has been made of Tesla’s head start in the race toward electrification. In short, traditional automakers […]
Tag: General Motors
This Morning in Metals: U.S. steel capacity utilization rate rises to 75.4%
This morning in metals news: U.S. steel capacity utilization reached 75.4% for the week ending Jan. 9; General Motors announced the launch of BrightDrop; and Rusal America announced a new line of aluminum additive manufacturing powders. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups […]
This Morning in Metals: General Motors to invest $2B to transition Tennessee plant for EVs
This morning in metals news: General Motors will invest $2 billion to transition its Tennessee plant for the production of electric vehicles (EVs); Rio Tinto announced its Q3 2020 production results; and Norsk Hydro has made a deal to merge part of its hydropower generation with that of Lyse. The MetalMiner 2021 Annual Outlook consolidates […]
This Morning in Metals: USITC maintains duties on rebar from Mexico, Turkey
This morning in metals news: the USITC voted to maintain existing duties on steel rebar from Mexico and Turkey; the U.S. Census Bureau released the latest housing starts data; and General Motors released more information on its next-generation electric vehicle models. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]
This Morning in Metals: GM announces partnership with Nikola Corporation
This morning in metals news: General Motors announced a partnership with Nikola Corporation; U.S. manufacturing corporations saw their profits plunge in Q2 2020; and Chile’s copper shipments fell in August. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you receive it. Sign up here. […]
Automotive MMI: Ford CEO to retire; GM to add EV charging stations
In this month’s Automotive Monthly Metals Index (MMI) report: Ford CEO Jim Hackett will retire, the company announced this week; General Motors has plans to add more than 2,700 electric vehicle charging stations across the U.S.; and U.S. sales continue to show signs of recovery, but July sales remained down compared with a year ago. […]
Automotive MMI: U.S. auto sales begin slow recovery but remain depressed
The Automotive Monthly Metals Index (MMI) picked up by 5.1% this month. U.S. auto sales U.S. auto sales continued to slump last month and over the second quarter overall, even as the U.S. auto sector restarted production in late May after an approximately two-month suspension. General Motors reported second-quarter deliveries of 492,489 vehicles, down 34% […]
This Morning in Metals: U.S. goods and services trade deficit hits $49.4B in April
This morning in metals news, the U.S.’s trade deficit in goods and services rose in April, the China Iron and Steel Association expects Vale to ramp up iron ore exports to China this year and General Motors CEO Mary Barra expects the automaker’s production levels to return to nearly pre-coronavirus levels by the end of June.
This Morning in Metals: GM to ramp up production of pickups, SUVs
This morning in metals news, General Motors is planning to increase production of its popular pickups and SUVs, U.S. Steel announced a long-term iron ore supply deal, and copper prices have made some gains today.
This Morning in Metals: Aluminum Association reiterates support for Section 232 aluminum tariff exemptions
This morning in metals news, the Aluminum Association sent a letter to U.S. Trade Representative Robert Lighthizer restating its support for exemptions to the Section 232 tariffs on imported aluminum, ground preparation has begun for a new electric vehicle battery cell production facility in Lordstown, Ohio, and the E.U. has disbursed a loan of €75 […]
