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GM-backed Cruise plans rapid growth for robotaxi business
GM reps referred Automotive Information to public responses about Cruise from CEO Mary Barra and other executives, who have expressed optimism about the firm’s prospective clients. At final month’s South by Southwest function in Austin, Barra mentioned Cruise and AVs extra broadly symbolize the automaker’s intention of zero emissions, congestion and crashes. Last calendar year, GM obtained SoftBank Vision Fund 1’s ownership placement in Cruise for $2.1 billion and created a independent expense of $1.35 billion into Cruise that SoftBank beforehand had dedicated, according to an annual report filed with the U.S. Securities and Trade Fee. In the filing, GM reported it produced “additional investments in Cruise of $1.1 billion”…
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Germany scales back plans to allow cannabis sale in shops and pharmacies | Germany
Adults in Germany will be able to grow and consume recreational cannabis privately or through non-profit members’ clubs by the end of the year, the country’s health minister announced on Wednesday, scaling back previous plans to make the drug distributable in shops or pharmacies nationwide. “The previous cannabis policy has failed,” said the health minister, Karl Lauterbach, as he presented the German government’s new two-phase approach to legalising cannabis at a press conference in Berlin. “Now we have to go new ways.” Following a model pioneered in Spain, the initial phase foresees the establishment of “cannabis social clubs”, which are each limited to 500 members and are exclusive to those…
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Some ACA health insurance plans have lots of enrollees, few providers : Shots
The Affordable Care Act saw a record number of sign ups this year, but some people are having trouble finding doctors in their health plan networks. Getty Images hide caption toggle caption Getty Images The Affordable Care Act saw a record number of sign ups this year, but some people are having trouble finding doctors in their health plan networks. Getty Images The Affordable Care Act may be struggling with its own success. Record enrollment over the last two years brought more consumers into the health insurance market. At the same time, many insurers began offering smaller networks of doctors and hospitals, partly to be price competitive. That combination left…
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Kia plans EV sales blitz by 2030 with first dedicated EV factory
Kia’s upbeat outlook arrives amid growing enthusiasm for EVs across the industry as automakers from Japan to Europe and the U.S. hike profits anticipations amid much better purchaser desire and govt rules and subsidies that encourage the technology. The shift to electrification will also enable Kia go its brand picture upmarket, Song additional. “In 2021, Kia went by way of a entire-scale transformation of its corporate name, brand, products and design and style, as nicely as corporate approach. As a result, our brand name price has enhanced substantially,” Music explained in a information launch. “Kia needs to continue on its endeavours to fortify Kia brand name identity.” In general, quick-expanding…
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Magna Seating plans $100M plant to supply GM near Detroit
The Canadian organization, which has a big existence in metro Detroit, will operate the plant as the “exceptional provider” to “all the electrical SUVs and trucks” generated at Orion Assembly, the venture description claimed. The GM assembly plant is undergoing a $4 billion electric powered conversion, and the automaker reported last yr it predicted to churn out Chevrolet Silverado EVs and electric GMC Sierra pickups commencing in 2024. Building of Magna’s seating plant is predicted to start off in July and be entire by November 2024. Conquest contact The GM seating deal marks a big get for Magna. Southfield-dependent competitor Lear Corp. has been the seating provider on GM’s Silverado…
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Gonzaga’s candidacy, Pac-12’s future, Texas and Oklahoma exit plans on deck with Big 12 brass set to meet
When Big 12 presidents and athletic directors begin meeting Thursday at the Dallas-Fort Worth International Airport Grand Hyatt, might as well bring your popcorn. On the agenda is Gonzaga’s potential membership in basketball. That alone has realignment implications beyond the Big 12. There will also be some discussion about the possible early exit of Texas and Oklahoma for the SEC. Going into its first season with new members BYU, Cincinnati, Houston and UCF, the Big 12 will discuss perhaps its only athletic year with 14 teams. That’s a Texas-Oklahoma issue, too. Expansion is still in play, especially as long as the Pac-12 doesn’t sign a new media rights deal. Gonzaga’s…
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