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GM s Pontiac Stamping Plant in Line for $40M Investment

GM s Pontiac Stamping Plant in Line for $40M Investment
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General Motors Company (NYSE:GM) Receives The Wrath Of UAW Members On Its Plans To Manufacture EVs In Mexico With An Investment Of $1 Billion

General Motors Company (NYSE:GM) Receives The Wrath Of UAW Members On Its Plans To Manufacture EVs In Mexico With An Investment Of $1 Billion
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GM invests $40 million at Pontiac Stamping for future EVs

GM invests $40 million at Pontiac Stamping for future EVs View Comments Detroit General Motors Co. on Friday said it will invest $40 million at its Pontiac Stamping Plant to prepare for coming electric vehicles. Renovation will start immediately and include the installation of highly flexible fabrication machinery and presses to support future electric vehicle production and various product applications, the automaker said in a press release. The investment will create 20 new positions, GM said. For the first time ever, the automaker is spending more money this year on electric vehicle investment than it is on gas-and-diesel-powered products. The “Flex Fab” sheet metal fabricating technology that will be used at the facility allows for repeatable, custom and precise stamping, which reduces costs for low-volume applications.

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GM Pushing Biden Administration To Change EV Tax Credit Rules

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The sentencing of former UAW President Dennis Williams and the case for rank-and-file committees

The sentencing of former UAW President Dennis Williams and the case for rank-and-file committees Earlier this week in the US District Court in Detroit, federal prosecutors argued that Dennis Williams, the president of the United Auto Workers from 2014 to 2018, should be sent to a prison for two years for embezzling union funds. The sentencing memorandum filed by prosecutors detailed how Williams and other top officers concealed the theft of union dues through reimbursements for “union conferences” held in Palm Springs, California, and other locations. The conferences, supposed to last three to five days and held ostensibly to train local union leaders, were used as “all-expenses-paid vacation[s]” by Williams and his fellow executives, who stayed up to four months in their villas and “racked up substantial bills at golf courses, restaurants, and other venues before, during, and after the conferences.”

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