En 
Fr Business
Jack Uppal Appointed New President Of GM Canada
General Motors of Canada has announced the appointment of Jack Uppal, who will soon become the company’s new President in the country. Mr. Uppal will succeed Kristian Aquilina, who will assume the role of Global Vice President of Cadillac at the beginning of 2...
Jack Uppal Appointed New President Of GM Canada
General Motors of Canada has announced the appointment ...
Aisin Invests In Its Canadian Plant
The Canadian division of auto parts manufacturer Aisin ...
Jacques Maheux: a Builder of the Automotive Industry Retires After 43 Years at CAA-Québec
After an outstanding 43-year career at CAA-Québec, incl...
Éric Descarries
Hits: 667
Energy Solutions buys GM battery plant in Lansing
Éric Descarries
Hits: 667
General Motors announced last December that it would sell its stakes in the Ultium Cells LLC battery plant in Lansing, Michigan, to LG Energy Solution. The latter has now officially confirmed that it will purchase the plant for approximately US$2.03 billion, according to the newspaper The Korea Times. The transaction is expected to be finalized on May 31.
According to LG Energy Solution representatives, the full acquisition of the Lansing plant aligns with the company’s objectives, making the joint venture investment less costly since no additional investment in new buildings will be required.
Moreover, this sale will not affect GM’s interest in the Ultium Cells LLC agreement with LG Energy Solution, which will remain the source of batteries for its new electric vehicles.
(Photo GM)
Éric Descarries
L'Automobile Magazine
News
Business Directory
