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GM revs up gas-powered Cadillacs as EV push takes a backseat
DETROIT: General Motors is hitting the brakes on its all-electric ambitions, announcing plans to roll out a new generation of gas-powered Cadillac models starting next spring. The move marks a significant shift for the luxury brand, which had previously pledged to go fully electric by the end of the decade. During the company’s second-quarter…
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Wall Street edges to new record amid mixed earnings and tariff talk
Dow Jones rises 179 points to extend winning streak as healthcare stocks lift sentiment amid tech weakness U.S. stocks inched to fresh highs Tuesday, as investors digested mixed corporate earnings and updates on trade policies. While the S&P 500 marked its 11th record close of the year, declines in key tech names weighed on…
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Nel and General Motors collaborate on cost competitive hydrogen production
OSLO, NORWAY: Nel Hydrogen US, a subsidiary of Nel ASA, has entered into a joint development agreement with General Motors (NYSE: GM) to help accelerate the industrialization of Nel’s proton exchange membrane (PEM) electrolyser platform. By combining GM’s extensive fuel cell expertise and Nel’s deep knowledge of electrolysers, the two companies are looking to…
