General Motors draws criticism with announcement of $1B electric vehicle plant investment in Mexico

(WXYZ) — The United Auto Workers is blasting an announcement by General Motors that they are investing more than $1 billion in a new paint plant in Mexico.

General Motors announced the investment in the Arizpe Ramos Manufacturing Complex in a Spanish language press release on their GM Mexico website.

The press release states that the goal is to make the plant the fifth GM manufacturing site in North America to produce electric vehicles. Both the Orion plant that the Factory Zero plant GM is building in Detroit are also included in those 5 plants.

Work on the plant has

Read More

How To Play The $2.6 Trillion Clean Energy Investment Boom

The money is starting to pour into clean energy from all corners as the energy transition emerges as a wildly lucrative opportunity rather than simply a threat to the oil and gas industry. 

For the first time in 2020, energy transition investment topped half a trillion … and that’s just the starting point. 

BloombergNEF says clean energy investment is set to hit $2.6 trillion this decade. 

Over $14 trillion in assets of institutions, foundations, and endowments are ready to back an energy transition. Forbes calls it a “paradigm shift” …

Now, there’s a new climate czar in town, John Kerry,

Read More

Kroger partner Ocado is on the road to robotic grocery delivery with autonomous-vehicle investment

High-tech supermarket and logistics group Ocado is pushing toward a future where, from warehouse to doorstep, groceries will be handled by robots.

The British group, a grocery delivery rival to online retail giant Amazon
in the U.K. and joined with grocer Kroger
in the U.S., will invest £10 million ($13.8 million) in a commercial partnership with Oxbotica, an autonomous vehicle software company, the company said on Friday. 

Shares in Ocado
climbed near 2% on the day, helping London’s blue-chip FTSE 100
index top 7,000 for the first time in more than a

Read More

President Biden’s American Jobs Plan: A Bold Mandate for Infrastructure Investment | Akin Gump Strauss Hauer & Feld LLP

[co-authors: Lauren Dailey and Christina Barone]

On March 31, 2021, President Joe Biden unveiled the American Jobs Plan (the “Plan”), an eight-year, $2 trillion investment to modernize and improve U.S. infrastructure, generate jobs and economic growth, and promote American national security interests. The proposed framework is a key step towards President Biden’s goal of enacting his Build Back Better plan, including investments to modernize highways and railways, upgrade ports, expand electric vehicle (EV) infrastructure, upgrade water and energy infrastructure and expand broadband access. Alongside the American Jobs Plan, President Biden also proposed the Made in America Tax Plan, including revenue-raising

Read More

Biden’s American Jobs Plan Prioritizes Renewable Infrastructure Investment Opportunities | Locke Lord LLP

The American Jobs Plan and Made in America Tax Plan (the “Plan”), announced by the Biden Administration on March 31, 2021, place heavy emphasis on renewable energy, electrical grid improvements, and climate change-related carbon reductions. In addition to transportation infrastructure repairs, the Plan prioritizes investment in renewable and clean energy technologies.

Roughly $800 billion of the $2 trillion plan directly or indirectly increases investment in renewable energy, electric grid improvement, and climate change mitigation through investments in:

  • Electric vehicles and associated Infrastructure ($174 billion)
  • Public infrastructure resilience to withstand climate disasters  ($50 billion)
  • Clean energy research and development ($180 billion)
Read More

Biden’s Biggest-Ever Investment Plan for US Still Trails China

[Ensure you have all the info you need in these unprecedented times. Subscribe now.]

What President Joe Biden touted as a historic U.S. federal investment program that will position the country to win the global innovation race still leaves it well behind China’s continuing, giant infrastructure upgrading campaign.

While the top-line for Biden’s American Jobs Plan is $2.25 trillion, China’s government and private companies pour the equivalent of trillions of dollars each year into new infrastructure ranging from transport to communications networks, water projects to manufacturing.

If spread evenly over the eight-year time frame, Biden’s plan would be a

Read More