The solution is simple, yet time-consuming.
Coming in return for an $85 million loan.
Could set the stage for negotiations later this year.
According to recent financial records, the company has been operating at a loss.
Finishing behind Toyota and Honda.
In total, there were 121 suppliers recognized.
With unknown effects GM wheel availability.
It could result in production of up to 500,000 batteries annually.
The new steel is 90 percent recycled material.
GM is now looking for a new partner for the fourth facility.
Magna already supplies enclosures for the GMC Hummer EV.
A $30M USD investment for Italian-Japanese company Marelli.
GM is reportedly in talks with another battery maker.
Available on all trim levels except AT4X.
Approval includes $6.4 million in incentives.
Available for the first time since the 2019 model year.
Suppliers will need to source materials from multiple locations.
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