GM and Bright Automotive Announce Strategic Relationship

According to the press release, “Bright Automotive and General Motors Co.  announced Tuesday they have agreed to pursue a strategic relationship and that GM has  provided funding to the Indiana automaker, the first  funding action by the newly formed General Motors Ventures LLC. The funding will help accelerate Bright’s production of the IDEA, a revolutionary [...]

GM To Be First Major U.S. Automaker to Manufacture Electric Motors

According to the press release, “GM will expand its in-house electric vehicle development capabilities by becoming the first major U.S. automaker to design and manufacture electric motors, a core technology for hybrids and electric vehicles. By doing so, GM will lower costs and improve performance, quality, reliability and manufacturability of electric motors by controlling design, [...]