
Making the middle class great again….
General Motors (NYSE:GM) will spend $491 million at its Marion, Indiana metal stamping operations to prepare for making steel and aluminum parts for future products, including electric vehicles, built at multiple GM assembly plants.
The announcement was made yesterday as President Biden was in Detroit saying: “American manufacturing is back. Detroit is back. America is back. And, folks, we’re proving it’s never, ever, ever a good bet to bet against the American people. Never, never, never.” … “And, by the way, American manufacturing is roaring back. Just since I’ve been in office, we’ve already created 10 million new jobs – more jobs in that time period than any time in American history. (Applause.) The unemployment rate is 3.7%, near a 50-year low… Guess what? First year in office, we reduced the deficit by $350 billion. (Applause.) And guess what? This year – this year, we’re on track, at the end of the fiscal year, to reduce the deficit by over $1 trillion.” Biden certainly had valid points. Continue reading →
BrightDrop eCart – GM Suddenly Joins Grocery Industry
Electrification, autonomous vehicles and artificial intelligence are beginning to open up endless opportunities, some of which are still unforeseen.
General Motors (NYSE: GM) said today that BrightDrop* is expanding its business and product portfolio with the launch of a new temperature-controlled eCart that can streamline order fulfillment and pickup for online grocery purchases. Online grocery is an expanding market that’s expected to reach $240 billion by 2025, GM said.
Kroger (NYSE: KR), a large unionized grocery chain, is scheduled to be the first customer to introduce the so-called BrightDrop Trace Grocery into its e-commerce operations beginning this year. Trace Grocery is available to order in limited quantities today, with full availability expected in 2024. BrightDrop and Kroger completed an initial pilot program in Lexington and Versailles, Kentucky. During this pilot, it’s claimed “Kroger experienced a noticeable improvement in the customer and associate experience.” Continue reading →