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REUTERS/Kevin Lamarque/File PhotoDETROIT, Oct 11 (Reuters) - General Motors Co (GM.N) is expanding beyond car making, with plans to offer energy storage and management services to residential and commercial customers through its new GM Energy unit in a move that puts it in even greater competition with Tesla Inc (TSLA.O). "We're getting into the entire ecosystem of energy management," GM executive Travis Hester said in an interview. Hester said GM sees a total addressable market of $120 billion to $150 billion in energy storage and management. He declined to provide a revenue projection for GM Energy. GM's commercial service will offer similar capability to businesses, through larger stationary storage units as well as microgrids connected to hydrogen fuel cells developed by the automaker.
Scott Mlyn | CNBCWhen people think of electric vehicles, their minds typically jump to Tesla. GM plans to sell up to 175,000 electric vehicles to Hertz Global by 2027 – rentals are a key method to introduce more people to EVs without having to commit to a purchase. Over the years, GM has created other virtual showrooms like Chevy MyWay and Cadillac Live, but GM EV Live is the first EV-only showroom being offered by GM. Focus on all the in-car technology, not just EV technology GM is focused on advancing technology to create better and safer driving experiences along with sleeker models for EVs. Maintain core principles through EVs Wahl said one thing that has not changed is the underlying principles of marketing.
GM Revises Return-to-Office Plan Amid Employee Concerns
  + stars: | 2022-09-28 | by ( Mike Colias | ) www.wsj.com   time to read: 1 min
General Motors will solidify its return-to-office plans by the end of October, an employee memo stated Tuesday. General Motors is backpedaling on aspects of its return-to-office plans amid criticism from employees, the latest example of companies straining to navigate their pandemic-era work policies. An employee memo sent Friday from Chief Executive Mary Barra and her leadership team outlined plans to have salaried employees return to the office three days a week, a policy set to take effect later this year. Many employees viewed the change as a departure from plans the company implemented last year, which emphasized flexibility and didn’t require in-office days, people familiar with the matter said.
GM pushed back its return-to-office plans, just days after telling staff they'd have to come in. On Friday, the company told staff to expect to return at least three days a week this year. Executives also have no plans to mandate which days employees return, and instead will leave the decision to individual teams and managers, GM said. GM is among several high-profile companies to have faced challenges getting staff to return. Some Apple staffers have been fighting CEO Tim Cook's call for them to return to the office at least three days a week.
DETROIT – General Motors is conducting damage control around its return-to-office plans after a Friday afternoon message to employees spurred backlash and confusion. On Tuesday, a second message walked back that timing and clarified the company won't be mandating specific in-office days, instead leaving that decision to individual teams. The follow-up message says no workers will be required to return to offices sooner than the first quarter of next year. She said the timing of the return-to-office has shifted, but "the overall plan has not really changed." GM described it as a flexible, evolving policy that will differ depending on the employee, week and project.
GM has told its corporate staff they'll need to work in the office three days a week. It marks a shift away from the flexible-working policy announced in 2021 by CEO Mary Barra. GM CEO Mary Barra announced in April 2021 a companywide "Work Appropriately" policy, whereby staff were permitted to work remotely if their jobs enabled them to do so. Raynal told Insider that GM was changing its policy to drive "collaboration, enterprise mindset, and impact" as the company prepares to launch as many as 22 electric vehicles by 2023. GM is the latest in a string of high-profile companies, including Apple, to wind back flexible-working policies.
As David Solomon, Goldman Sachs' CEO, was wrapping up a work trip in late July, he boarded the company's Gulfstream G650 for Chicago. His personal account cites his role as Goldman Sachs' CEO, while his official Goldman Sachs account links to his personal account. As CEO, Solomon has overseen the firm's first investor day, launched a strategic update, and reaped record revenue of $59.3 billion in 2021. The Goldman representative disputed that characterization, saying the number of executive TV appearances has more than doubled over the past year. A Goldman representative said that Payback is run by music-industry consultants and that no Goldman Sachs resources are used for the platform.
"It's an enormous first step," Carlisle said, adding that GM is in talks about similar deals with other rental car companies. read moreAutomakers have cut reliance on low-profit, bulk sales to rental car agencies as supply chain problems curtailed production. Carlisle said GM expects to deliver electric vehicles to Hertz at close to retail profit margins. The first GM electric vehicles to ship to Hertz will be Chevrolet Bolt models starting early next year, Carlisle said. GM expects Hertz to deploy many of its EVs in Los Angeles and San Francisco, helping to meet California electric vehicle quotas.
GM, Hertz announce deal for 175,000 electric vehicles
  + stars: | 2022-09-20 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGM, Hertz announce deal for 175,000 electric vehiclesGeneral Motors has announced plans to sell 175,000 electric vehicles to Hertz through 2027. CNBC's Phil LeBeau talks to GM CEO Mary Barra and Hertz CEO Stephen Scherr about the deal.
General Motors has agreed to sell up to 175,000 electric vehicles to Hertz Global over the next five years, the companies announced Tuesday. The deal calls for GM to start supplying electric vehicles such as the Chevrolet Bolt EV and Bolt EUV to the rental car giant starting the first quarter of next year. GM is the latest automaker to strike such an agreement with Hertz following Tesla and Polestar, a Volvo-backed electric vehicle startup. Hertz has made increasing its fleet of electric vehicles a priority following its emergence from bankruptcy less than a year ago. Hertz aims to have a quarter of its fleet be electric by the end of 2024, while GM has announced plans to exclusively offer electric vehicles by 2035.
Tuesday Coca-Cola is set to report earnings before the bell, followed by a conference call at 8:30 a.m. Chipotle is scheduled to report earnings after the close, followed by a conference call at 4:30 p.m. Meta is set to report earnings after the close, followed by a conference call at 5 p.m. Thursday Amazon is set to report earnings after the bell, with management slated to hold a conference call at 5:30 p.m. Friday Procter & Gamble will report earnings before the bell, followed by a conference call at 9 a.m.
Major players like Amazon, UPS, and FedEx are driving demand for electric delivery vehicles. Here's a look at seven new names tapping into the red-hot commercial electric-vehicle sector, according to industry experts. The Walmart order was especially noteworthy, as budding commercial electric-vehicle players race to win contracts with the world's largest e-commerce giants. RivianThe EV startup Rivian began turning heads in 2019 when Amazon announced it was ordering 100,000 of its electric delivery vans. Lightning eMotors recently struck a deal to electrify certain General Motors medium-duty truck platforms that can be used for buses, delivery trucks, and work trucks.
În data de 14 martie 2018, a fost aleasă de Bundestag pentru a patra oară în funcția de cancelar federal. În anul 2021, va fi a 49-a persoană care deține poziția de vicepreședintă a Statelor Unite ale Americii. În data de 2 iulie 2019, a fost nominalizată de Consiliul European pentru funcția de președintă a Comisiei Europene. Înainte de aceasta, a fost directoare generală a Santander UK, o funcție pe care a deținut-o din decembrie 2010. Începând cu 2014, ea a fost președintă și directoare executivă a companiei americane de investiții Fidelity Investments (FMR) și președintă a companiei sale internaționale sindicale Fidelity International (FIL).
Persons: Angela Merkel, Christine Lagarde, Harris, Angela Merkel Angela Dorothea Merkel, Christine Madeleine Odette Lagarde Christine Madeleine Odette, Lagarde, Ea, Kamala Devi Harris Kamala Devi Harris, Ursula Gertrud von, Albrecht, Ursula von, Walter Hallstein, Melinda Ann Gates Melinda Ann Gates, Bill Gates . Ea, Bill, Melinda Gates, Mary Barra, Nancy Pelosi Nancy Patricia D’Alesandro, Nancy Pelosi, Mike Pence, Ana Patricia Botín, Patricia Botín, Sautuola, Abigail Pierrepont Johnson Abigail Pierrepont Johnson, Gail Koziara Organizations: Forbes, Monetar, FMI, CDU, Europene, Parlamentul European, Economice Europene, Microsoft, Microsoft Bob, General Motors, Partidului Democrat din, SUA, Santander, Santander UK, International, Aetna, UnitedHealth Group Locations: Republicii Federale Germania, Bundestag, german, Christine Madeleine Odette Lagarde Christine Madeleine Odette Lagarde, Franța, Statelor Unite, California, Statelor Unite ale Americii, Ursula Gertrud von der, Ursula von der, Germania, DBE, America, Barra, Nancy Pelosi Nancy Patricia D’Alesandro Pelosi, americană, Partidului Democrat din SUA, Nancy, Statele Unite, Spania, Santander, Investments, SUA, Illinois
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