The death of the internal combustion engine has been exaggerated since some of the largest automakers are still pouring billions into new ICEs. Stellantis is […]
Tag: Billion
Apple Spent More Than $10 Billion On Its Failed Car Project
Apple canceled its car project earlier this week, failing to deliver a viable product after a decade’s worth of work. The company dumped over $10 […]
Stellantis Employees Getting $2 Billion Thanks To 2023 Results
The merger between Fiat Chrysler Automobiles and PSA Peugeot Citroën was finalized in early 2021 when Stellantis was officially born. Even before the deal was done, […]
Colleges With Automated Recovery Programs Get $1 Billion Donations From Anonymous Sources
For students and faculty at McPherson College in central Kansas, the future is a little brighter. One might say it’s a billion times brighter, or […]
GM Plans $2 Billion Cost Cut After Recording 2022 Revenue
GM has record revenue of $14.5 billion in 2022 and total revenue of $156.7 billion, according to its newly released full-year financial report. The automaker […]
Tesla Invests $3.6 Billion In Batteries And Semi Manufacturing In Nevada
Tesla joins a growing list of automakers to announce significant investments in manufacturing and production in the United States. The EV company will allocate a […]
Mercedes Invests $1 Billion In New EV Charging Network In North America
Mercedes-Benz used CES 2023 to announce its first global charging network launching in North America. Construction on sites in the United States and Canada started […]
GM-Backed Ultium Cells LLC Gets $2.5 Billion Fed Loan For Three Battery Manufacturers
In October this year, President Biden launched the so-called American Battery Materials Initiative, which aims to make the United States a global leader in electric […]
GM Expects EVs To Be Highly Profitable With $50 Billion in Revenue By 2025
General Motors expects its EV lineup to generate more than $50 billion in annual revenue by 2025. This target includes building more than one million […]
Hyundai And SK Invest Up To $5 Billion In Battery Factory In Georgia
Hyundai and SK On will partner to build an EV battery factory in Bartow County, Georgia. Investment into the factory will be $4 billion to […]
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