General-Motors

  • One Sidecar, Up With A Twist Crunch Network

    One Sidecar, Up With A Twist

    I’m old enough that when someone says Sidecar, I immediately think of Cointreau, lemon juice and cognac, shaken and served up. What’s remarkable to me is that the folks at GM, one of the country’s most venerable industrial enterprises, heard “Sidecar” and instead saw an interesting enough opportunity to find $39 million in cash to buy a shuttered company. Read More

  • GM Unveils Maven, Its Big New Play In Car-Sharing Services

    GM Unveils Maven, Its Big New Play In Car-Sharing Services

    General Motors has taken the wraps off its latest move to put itself into the next generation of transportation. Today the company launched Maven, a new program that brings together the company’s various efforts in car-sharing services, along with a team of 40 from within the car technology industry and people brought in from Google, Zipcar and Sidecar to develop more sharing… Read More

  • GM Confirms Sidecar Acquisition As Auto Makers Take Tech Ambitions Up A Gear

    GM Confirms Sidecar Acquisition As Auto Makers Take Tech Ambitions Up A Gear

    Hot on the heels of its $500 million investment in transportation startup Lyft, General Motors has acquired select assets of Sidecar, a would-be Uber and Lyft competitor that went bust in December with a hint that this was not the end. The GM news, first reported by Bloomberg, was confirmed to TechCrunch directly by GM. “In connection with Sidecar ceasing operations, we can confirm that… Read More

  • With Detroit Taking A Lyft In A Driverless Car, What’s Next For Cities? Crunch Network

    With Detroit Taking A Lyft In A Driverless Car, What’s Next For Cities?

    Transportation and geography have always been intertwined. Specifically, the auto industry, with Detroit being the prime example, was once more tightly tied to place. The same can be said for the tech industry, which still maintains a dominance largely in Silicon Valley. Until very recently, these industries were distinct: tech was tech and transportation was transportation and never the… Read More

  • Lyft, Now Worth $5.5 Billion, Hops Into The Autonomous Car Race With General Motors

    Lyft, Now Worth $5.5 Billion, Hops Into The Autonomous Car Race With General Motors

    Lyft announced the close of its $1 billion Series F round today – half a billion of which came in from General Motors. The ridesharing service is now worth a whopping $5.5 billion and plans to use the money to work with GM on a connected network for self-driving cars. The other $500 million came from Saudi Prince Al-Waleed’s Kingdom Holding Company, Janus Capital Management… Read More

  • LG To Supply Key Parts For Chevy’s Affordable Electric Vehicle

    LG To Supply Key Parts For Chevy’s Affordable Electric Vehicle

    GM says the Chevrolet Bolt will travel 200 miles on a single charge and will be sold at an affordable price. But GM is not going at it alone. The Detroit automaker today announced a strategic partnership with LG, which will supply many of the systems around the car’s electric drive system. In a press release today GM says this partnership is an unprecedented supplier relationship for… Read More

  • Payback (And IPO) Time For GM As Chevy Volt Wins Industry Accolades

    The 102-year-old car company General Motors (GM) is set to go public on Thursday after a government-forced bankruptcy and bailout in November 2008. The bailout cost taxpayers about $50 billion. Analysts estimate the stock price would need to hit $53 dollars before the government can recoup its investment. GM plans to sell about half-a-billion shares for $33 each in its IPO. The company stands… Read More

  • For The First Time, EPA Fuel Economy Guide Rates SUVs And Vans

    The U.S. Environmental Protection Agency (EPA) and the Department of Energy (DOE) today released the official 2011 Fuel Economy Guide, providing information about estimated mileage and fuel costs for model year 2011 vehicles sold in the U.S. For the first time, the annual Fuel Economy Guide includes medium-duty passenger vehicles, generally large sport utility vehicles (SUVs) and passenger vans. Read More

  • Facebook Integration Coming To GM's OnStar

    It’s safe to say we’ve reached the pinnacle of humanity with this next bit of news: you’ll soon be able to update your Facebook status using OnStar. It’s the first “entertainment-y” option to be offered by OnStar, perhaps designed to cash in on some of the goodwill that has gone Ford’s way with its Sync system. Read More

  • Ford Charges Up With Compact Power Batteries

    Ford‘s 2011 Focus Electric will run on Compact Power Inc.’s lithium-ion battery, the company announced today. The batteries will initially be made in South Korea at CPI’s parent company, LG Chem, with plans to start manufacturing at a new $300 million site in Holland, Mich. in 2012. The Focus Electric will be a full battery electric passenger car made at Ford’s… Read More