Tesla CEO Elon Musk's next big bet rides on better batteries
They were hoping Tesla's technology would mark an even bigger leap forward and propel the company's soaring stock to even greater heights. Musk raised those worries with a series of tweets Monday warning that Tesla's new battery technology might not be ready for high-volume production until 2022. Musk reiterated that timetable during Tuesday's showcase and then added it might take up to three years before the battery technology translates into a new Tesla model selling for $25,000. Besides lowering the price, Musk promised the new battery technology would help Tesla reduce the size of its vehicles by about 10% and extend their range by 56%. That projection implies the Tesla cars using the new batteries will be able to travel 500 miles (800 kilometers) or more on a single charge, surpassing the distance many gas-combustion cars can traverse before needing to refuel.
GM invests $1.5B to build midsize pickups in Missouri
– General Motors plans to build its next generation of midsize pickup trucks at a plant in Wentzville, Missouri. The plant will receive $1 billion for necessary upgrades to its paint shop, body shop and general assembly line including new tooling, machines and conveyors, according to GM. "Through this investment, General Motors is making a firm commitment to the State of Missouri, the City of Wentzville and the GM Wentzville team,” said GM president Mark Reuss. GM sells more pickups than any other automaker and we have aggressive plans to build on our strengths.”This move will help retain 4,000 jobs at the Missouri plant which opened in 1983. “Today’s announcement of a $1 billion investment will retain 4,000 jobs and shows commitment for a future mid-size truck in Wentzville.
UAW-GM strike: Anticipation grows for possible end to strike after Barra, Reuss join talks
DETROIT - Thirty days into the UAW-GM strike, there is a glimmer of hope that it could all soon come to an end. UAW Local 909 member Jim Poore worked at the now-shuttered Warren Transmission plant and his next job is at Flint Truck Assembly. I think they're going to solve something and I don't know what that will be, but we don't know how it will be good for us. I think by Monday, I think it'll be done," UAW Local 22 electrician Paul Radatz said. More UAW-GM strike coverage:Copyright 2019 by WDIV ClickOnDetroit - All rights reserved.
UAW-GM strike: Mary Barra, Mark Reuss meet with union leaders
On Monday, the union announced it called the National GM Council to Detroit as negotiations between the union and automaker continue. On Saturday, the union announced striking GM workers will get an additional $25 a week and can now work part-time during the strike. The UAW International Executive Board voted Saturday to increase the strike pay to $275, effective Sunday. The strike pay was set to increase Jan. 1, 2020. The national strike against GM began on Sept. 15 and, by the next day, nearly 50,000 union members had stopped reporting to work.