GM cuts deal to help juice EV batteries | Hyundai to build EVs and hybrids in Alabama | CarMax used-car sales fall | Honda pours $40 billion into electrification | Penske buys BMW-Mini dealership

The cobalt will be used in GM's Ultium battery cathodes, which powers the Chevrolet Silverado EV, GMC Hummer EV and Cadillac Lyriq vehicles.

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Tuesday, April 12, 2022 GM, ramping up for EV production, reaches cobalt supply deal with miner Glencore Read More > Subscription Required Hyundai to build Genesis GV70 EV, hybrid Santa Fe at its Alabama factory Read More > Subscription Required CarMax used-car sales fall on dwindling consumer confidence Read More > Advertisement In this business, efficiency equals profits. Maximize both using CDK Elead CRM. Allow your staff to work from any system with accurate customer data, saving time and reducing rekeying errors. Reduce negotiating time and improve the customer experience. And your bottom line will improve with it. Learn More. Honda pours $40 billion into electrification, targets 2 million EV production by 2030 Read More > Subscription Required RDS Automotive Group buys Philadelphia-area Ferrari, Nissan dealerships Read More > Subscription Required Penske Automotive Group buys BMW-Mini dealership Read More > Sponsored Content From Credit Acceptance The Credit Acceptance Portfolio Program Unlike traditional finance companies, we keep paying you AFTER you close the deal. With Credit Acceptance, you can get paid a piece of future collections - up to an 80% piece - through our Portfolio Program.   We pay on average $180 million a year of future collections to dealers in our program.   Watch our video "Credit Acceptance VS. The Competition" to see how we differ from the competition. Read More > Subscription Required It's best to consider the 2023 Toyota bZ4X EV 'by the numbers' Read More > DAILY DRIVE PODCAST: April 12, 2022   Executive Editor Jamie Butters gives you the top headlines and talks about Nissan's plan to bring solid-state batteries to market by 2028 with Automotive News Asia Editor Hans Greimel. LISTEN HERE >     Subscription Required Lucid leverages demand for Air EV with $179,000 performance version Read More > Subscription Required 2023 Nissan Pathfinder Rock Creek is a more rugged package Read More > Subscription Required Volvo, Polestar rivalry starts to take shape Read More > Wallbox starts construction of EV charger plant in Texas Read More > Automotive News Newscasts Subscribe Today Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that’s vital to your business. Subscribe Now Connect With Us Our mission “The Automotive News mission is to be the primary source of industry news, data and understanding for the industry's decision-makers interested in North America.” Click here to unsubscribe from this newsletter. Manage your email preferences. Automotive News 1155 Gratiot Ave. Detroit, MI 48207-2997 United States customerservice@autonews.com