Project: Northwest Ohio Wind Project (Starwood)
Firm Commitment: 100 MW
DETROIT, Jan. 28, 2021 /PRNewswire/ --
Today, GM announced that it plans to become carbon neutral in its global products and operations by 2040 and has committed to setting science-based targetsⁱⁱ to achieve carbon neutrality. The company has also signed the Business Ambition Pledge for 1.5⁰C, an urgent call to action from a global coalition of UN agencies, business and industry leaders.
"General Motors is joining governments and companies around the globe working to establish a safer, greener and better world," said Mary Barra, GM Chairman and CEO. "We encourage others to follow suit and make a significant impact on our industry and on the economy as a whole."
In addition to GM's carbon goals, the company worked with the Environmental Defense Fund to develop a shared vision of an all-electric future and an aspiration to eliminate tailpipe emissions from new light-duty vehicles by 2035. GM's focus will be offering zero-emissions vehicles across a range of price points and working with all stakeholders, including EDF, to build out the necessary charging infrastructure and promote consumer acceptance while maintaining high quality jobs, which will all be needed to meet these ambitious goals.
"With this extraordinary step forward, GM is making it crystal clear that taking action to eliminate pollution from all new light-duty vehicles by 2035 is an essential element of any automaker's business plan," said Environmental Defense Fund President Fred Krupp. "EDF and GM have had some important differences in the past, but this is a new day in America — one where serious collaboration to achieve transportation electrification, science-based climate progress and equitably shared economic opportunity can move our nation forward."
A Science-Based Approach
General Motors is committed to reaching carbon neutrality in its global products and operations by 2040, supported by a commitment to science-based targets. To reach its goals, GM plans to decarbonizeⁱⁱⁱ its portfolio by transitioning to battery electric vehicles or other zero-emissions vehicle technology, sourcing renewable energy and leveraging minimal offsets or creditsⁱⁱⁱⁱ.
Electrification
The use of GM's products accounts for 75 percent of carbon emissions related to this commitment. GM will offer 30 all-electric models globally by mid-decade and 40 percent of the company's U.S. models offered will be battery electric vehicles by the end of 2025. GM is investing $27 billion in electric and autonomous vehicles in the next five years – up from the $20 billion planned before the onset of the COVID-19 pandemic.
This investment includes the continued development of GM's Ultium battery technology, updating facilities such as Factory ZERO in Michigan and Spring Hill Manufacturing in Tennessee to build electric vehicles from globally sourced parts and investing in new sites like Ultium Cells LLC in Ohio as well as manufacturing and STEM jobs.
More than half of GM's capital spending and product development team will be devoted to electric and electric-autonomous vehicle programs. And in the coming years, GM plans to offer an EV for every customer, from crossovers and SUVs to trucks and sedans.
The company will also continue to increase fuel efficiency of its traditional internal combustion vehicles in accordance with regional fuel economy and greenhouse gas regulations. Some of these initiatives include fuel economy improvement technologies, such as Stop/Start, aerodynamic efficiency enhancements, downsized boosted engines, more efficient transmissions and other vehicle improvements, including mass reduction and lower rolling resistance tires.
Renewable Energy
To address emissions from its own operations, GM will source 100 percent renewable energy to power its U.S. sites by 2030 and global sites by 2035, which represents a five-year acceleration of the company's previously announced global goal. Today, GM is the 10th largest offtaker of renewable energy in the world and in 2020, the company received a 2020 Green Power Leadership Award from the U.S. Environmental Protection Agency.
Carbon Offsets and Credits
To account for the expected remaining carbon emissions, GM expects to invest in carbon credits or offsets. The company will assess credit and offset solutions in the coming years as the most efficient, equitable and inclusive ideas mature. The company recognizes that offsets must be used sparingly and should reflect a holistic view of mitigating the effects of climate change and helping people thrive around the world.
Supply Chain and Infrastructure
GM's carbon neutral commitment applies to its global product portfolio and owned operations. The company is implementing plans today to reduce the impact associated with its supply chain while supporting grids and utilities to power electric vehicles with renewable energy. GM has worked with some of its largest suppliers to create a sustainability council to share best practices, learn from each other and create new standards for the industry. In addition to the council's work, GM is collaborating with suppliers to set ambitious targets for the supply chain to reduce emissions, increase transparency and source more sustainable materials.
While electric vehicles themselves do not emit tailpipe emissions, it is critical that they be charged with electricity generated from renewable sources like wind and solar. GM has worked with utilities and developers to support investments in renewable energy found in and around communities that have GM facilities via power purchase agreements and green tariffs. The company is also working with EVgo to triple the size of the nation's largest public fast charging network by adding more than 2,700 new fast chargers by the end of 2025, a move set to help accelerate widespread electric vehicle adoption. The new fast chargers will be powered by 100 percent renewable energy. GM believes that the energy sector is well on its way to a decarbonized grid and that an all-electric future will be supported by renewable infrastructure and technology.
General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.
ⁱCarbon neutrality is defined as achieved when anthropogenic CO2 emissions are balanced globally by anthropogenic CO2 removals over a specified period. [Source IPCC SR15]
ⁱⁱScience-based targets provide a clearly defined pathway for companies to reduce greenhouse gas (GHG) emissions, helping prevent the worst impacts of climate change and future-proof business growth. Targets are considered 'science-based' if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to well-below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C.
ⁱⁱⁱDecarbonize: In this case, companies seek to mitigate their impact on the climate by eliminating the sources of emissions within the boundary of the target. This is often achieved by avoiding activities that generate emissions (e.g. avoiding combustion of fossil fuels) and/or by preventing the release of emissions that continue to be generated (e.g. through the capture and permanent sequestration of emissions before they are released into the atmosphere).
ⁱⁱⁱⁱCarbon credits and offsets: In the context of corporate climate neutrality, offsetting refers to the balancing of emissions within the target boundary with an equivalent amount of carbon credits originated from activities that avoid or remove emissions somewhere else. Carbon credits are often issued from two types of project activities:
A. Carbon removal projects: Activities that remove and sequester atmospheric carbon as a result of a specific intervention (e.g. reforestation projects). In this case, a carbon credit is issued for every ton of carbon dioxide effectively removed and sequestered over a predefined period;
B. Avoided emission projects: Activities that result in a lower emissions scenario compared to a hypothetical business-as-usual scenario as a result of a specific intervention. A carbon credit is issued for every ton of carbon dioxide equivalent effectively avoided, in comparison to the hypothetical business-as-usual scenario, over a certain period. Some project activities can remove and avoid carbon as a result of the same intervention (e.g. REDD+ programs or projects).
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SOURCE General Motors Co.
LISLE, Ill., Jan. 27, 2021 /PRNewswire/ -- In collaboration with General Motors and OneH2, Navistar, Inc., a subsidiary of Navistar International Corporation (NYSE: NAV), is introducing a complete solution for customer implementation of a zero-emission long-haul system, which will be initially piloted by J.B. Hunt Transport, Inc., a subsidiary of J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT).
"Hydrogen fuel cells offer great promise for heavy duty trucks in applications requiring a higher density of energy, fast refueling and additional range," said Persio Lisboa, Navistar president and CEO. "We are excited to provide customers with added flexibility through a new hydrogen truck ecosystem that combines our vehicles with the hydrogen fuel cell technology of General Motors and the modular, mobile and scalable hydrogen production and fueling capabilities of OneH2. And we are very pleased that our valued customer J.B. Hunt has committed to utilize the solution on dedicated routes and to share key learnings."
Navistar plans to make its first production model International® RH™ Series fuel cell electric vehicle (FCEV) commercially available in model year 2024. Test vehicles are expected to begin the pilot phase under the new, complete solution at the end of 2022. The integrated solution will be competitive with other powertrain offerings with a target range of 500+ miles and a hydrogen fueling time of less than 15 minutes.
The International® RHTM Series FCEV will get its energy from two GM Hydrotec fuel cell power cubes. Each Hydrotec power cube contains 300-plus hydrogen fuel cells along with thermal and power management systems. They are compact and easy to package into many different applications.
The combined propulsion system within the International® RHTM Series FCEV will feature better power density for short-range travel, better short-burst kW output and a per-mile cost expected to be comparable to diesel in certain market segments.
"GM's vision of a world with zero emissions isn't limited to passenger vehicles. We believe in EVs for everyone," said Doug Parks, GM executive vice president of Global Product Development, Purchasing and Supply Chain. "We're thrilled to work with like-minded companies like Navistar and OneH2 to offer a complete solution for progressive carriers that want to eliminate tailpipe emissions with a power solution that can compete with diesel."
Under its partnership agreement with Navistar, OneH2 will supply its hydrogen fueling solution, which includes hydrogen production, storage, delivery and safety. In addition, Navistar is taking a minority stake in OneH2. Through its affiliates, OneH2 plans to kickstart substantial hydrogen heavy truck refueling infrastructure by incorporating more than 2,000 International® RH™ Series FCEVs into existing truck fleets in the near term.
"We're excited about the opportunity to partner with Navistar," said Paul Dawson, OneH2 president and CEO. "We believe strongly that hydrogen fuel is the future of zero- emission renewable energy in the heavy truck market, and are pleased that this agreement will provide additional scope for its application. Under this agreement, we will be able to offer fleets a zero-emission truck with total cost of operation lower than diesel in key segments of the industry."
These newly announced collaborations with General Motors and OneH2 represent important milestones in Navistar's phased development of hydrogen fuel cell solutions. These technologies leverage Navistar's battery electric vehicle platforms and provide the customer with a single-source, fully integrated zero-emission solution that includes vehicles, fueling and service.
"J.B. Hunt is committed to delivering more while using less, and this new fully-integrated solution offers a prime opportunity to do that," said John Roberts, J.B. Hunt president and CEO. "As we serve our customers and communities, the combination of hydrogen fuel cell technology and refueling capability will enable us to reduce emissions along with energy consumption, fulfilling our environmental sustainability commitment to our customers and the communities we serve. We are excited for the potential of this innovative business model and look forward to sharing our learnings from this pilot program with Navistar and its involved technical and infrastructure partners."
For additional information, visit InternationalTrucks.com/HydrogenFuelCell.
About Navistar
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial trucks, proprietary diesel engines, and IC Bus® brand school and commercial buses. An affiliate also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com.
About General Motors
General Motors Company (NYSE: GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries can be found at https://www.gm.com.
About OneH2
OneH2, Inc., headquartered in Longview, North Carolina, is a privately held, vertically integrated hydrogen fuel company. OneH2 is emerging as a leader in providing scalable hydrogen fuel systems coupled with cost effective delivered hydrogen fuel for use in industrial vehicle and truck markets. For more information about OneH2, Inc. visit the Company's website at www.oneh2.com.
About J.B. Hunt
J.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.
All marks are trademarks of their respective owners.
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SOURCE Navistar International Corporation
DETROIT, Nov. 19, 2020 /PRNewswire/ -- General Motors Co. (NYSE: GM) Chairman and CEO Mary Barra revealed that the company will offer 30 all-electric models globally by mid-decade. Forty percent of the company's U.S. entries will be battery electric vehicles by the end of 2025. Barra also announced an increase in GM's financial commitment to EVs and AVs today to $27 billion through 2025 – up from the $20 billion planned before the onset of the COVID-19 pandemic.
"Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle," said Barra. "We are transitioning to an all-electric portfolio from a position of strength and we're focused on growth. We can accelerate our EV plans because we are rapidly building a competitive advantage in batteries, software, vehicle integration, manufacturing and customer experience."
At the virtual Barclays Global Automotive Conference, Barra and Doug Parks, GM executive vice president of Global Product Development, Purchasing and Supply Chain, will share key elements of GM's plan, including:
GM innovates in EV propulsion despite COVID-19
Ultium already represents a milestone achievement in electrification, with battery pack costs nearly 40 percent lower than those in the Chevrolet Bolt EV. Despite the pandemic, GM's work on EVs accelerated during 2020.
Now, just eight months after the technology was first revealed, GM is projecting that second-generation Ultium packs, expected mid-decade, will cost 60 percent less than the batteries in use today with twice the energy density expected.
These second-generation cells will get closer to cost parity with gas-powered engines due to:
GM has completed hundreds of test cycles on the multi-layer prototypes of this next-generation Ultium cell chemistry. Production cells are expected by mid-decade.
The Ultium platform is flexible enough to accept new chemistry and even cell types, without redesigns to its architecture. Ultium batteries will be easy to service at the module level, which makes repair costs less expensive than having to replace the whole pack.
"GM's EV development times are speeding up and costs are going down rapidly, so we expect our Ultium EV programs to be profitable from the first generation on," said Parks. "It's not just the cost and performance of our innovative EV components that will give us a competitive advantage in a fast-changing industry, but how we integrate them with other advanced systems like Super Cruise, our Vehicle Intelligence Platform electrical architecture and other technologies pioneered in our traditional portfolio."
GM is doing most of the development work on these cells internally at its Chemical and Materials Systems Lab, located at the Global Technical Center in Warren, Michigan. This facility features a fabrication line with polymer mixing, slurries, a coating machine and a cell assembly room.
Next year, GM will break ground on an all-new Battery Innovation Lab and Manufacturing Technology Center to develop the next-generation Ultium battery chemistry.
GM speeds its EV rollout and pace of innovation
The modular and highly flexible qualities of the Ultium system, along with engineering advances in battery technology, the use of virtual development tools and lessons learned during the HUMMER EV development process, have enabled GM to bring EVs to market much faster than originally planned.
The 2022 GMC HUMMER EV's development time of 26 months – down from about 50 months – is now the benchmark.
The development schedules for 12 vehicle programs have been moved up, including:
In addition, Buick's EV lineup will include two Ultium-based EVs.
After the GMC HUMMER EV, the next EV to launch will be the LYRIQ, Cadillac's first all-electric vehicle, which will arrive in the first quarter of 2022, nine months ahead of schedule.
"Ultium is already changing the way customers – and investors – view our company," Barra said. "We are resolved as a management team to move even faster to expedite the transition to EVs. The all-electric future we are building integrates all the things we do better than anybody else – so we can put everyone in an EV, generate profitable growth and create shareholder value."
1GM estimated. EPA estimates not available. Vehicle range may vary based on several factors, including temperatures, terrain, battery age, and vehicle use and maintenance.
General Motors (NYSE:GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.
Cautionary Note on Forward-Looking Statements: This press release may include "forward-looking statements" within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements represent our current judgment about possible future events and are often identified by words such as "aim," "anticipate," "appears," "approximately," "believe," "continue," "could," "designed," "effect," "estimate," "evaluate," "expect," "forecast," "goal," "initiative," "intend," "may," "objective," "outlook," "plan," "potential," "priorities," "project," "pursue," "seek," "should," "target," "when," "will," "would," or the negative of any of those words or similar expressions. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results, and our actual result may differ materially due to a variety of important factors, many of which are described in our Annual Report on Form 10-K, our subsequently filed Quarterly Reports on Form 10 Q, and our other filings with the U.S. Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors that affect the subject of these statements, except where we are expressly required to do so by law.
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SOURCE General Motors Co.
NEW YORK, April 3, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CAPR, CHK, ECOR, GM, and MGM.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
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SOURCE InvestorsObserver
FLINT, Mich., March 8, 2019 /PRNewswire/ -- Officials from Consumers Energy today presented General Motors with a payment worth over $2.8 million for energy-saving upgrades at the automaker's Flint facilities that benefit the planet and Michigan's prosperity.
"General Motors has made a commitment to sustainability, and we are pleased to work with them to take actions that are good for their customers and all of Michigan," said Brian Rich, Consumers Energy's senior vice president for customer experience.
Consumers Energy presented the energy efficiency payment at General Motors' Flint Assembly, where the automaker has completed 21 energy-saving projects in the last year that included a new energy-efficient body shop and building-wide lighting upgrades.
In the last decade, General Motors has received $13.3 million in payments from Consumers Energy for upgrades at its Michigan plants that reduce energy use. The Flint upgrades alone will save enough electricity to power about 1,600 houses and natural gas to heat about 550 homes.
"GM Flint Assembly's commitment to sustainability enables us to develop an energy-efficient work environment for our team," said Michael Perez, GM Flint Assembly plant manager. "Our relationship with Consumers Energy allows us to continue to identify new opportunities to reduce and reuse energy."
Consumers Energy and General Motors have collaborated on recent efforts that protect the planet. General Motors this year became one of the first two participants in a new program that matches its Flint operations 100 percent with renewable energy. Consumers Energy's parent company, CMS Energy, also opened a wind farm last year that provides renewable energy to General Motors' operations in Ohio.
Consumers Energy has helped Michigan homes and businesses save over $2 billion in costs since 2009 through its energy efficiency programs and rebates.
"General Motors is an example to all businesses, large and small, of how to take control of energy use and reduce costs while protecting the planet," Rich said. "They show it's possible to make decisions that are good for business and the environment."
Consumers Energy, Michigan's largest energy provider, is the principal subsidiary of CMS Energy (NYSE: CMS), providing natural gas and/or electricity to 6.7 million of the state's 10 million residents in all 68 Lower Peninsula counties.
General Motors (NYSE: GM) is committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Cadillac, Chevrolet, Baojun, Buick, GMC, Holden, Jiefang and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, Maven, its personal mobility brand, and Cruise, its autonomous vehicle ride-sharing company, can be found at http://www.gm.com.
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SOURCE Consumers Energy
HOUSTON, Aug. 16, 2018 /PRNewswire/ -- Shell Oil Company (Shell) and General Motors (GM) announced today that Shell-branded stations across the United States now accept the automotive industry's first-ever embedded, in-dash fuel payment and loyalty experience. Customers who look to fuel their eligible Chevrolet, Buick, GMC and Cadillac vehicles at Shell stations, will be able to use Shell Pay & Save within GM Marketplace to pay for their fuel directly from their vehicles' infotainment screen, and earn and redeem valuable Fuel Rewards® savings in the process.
Customers using this payment option will simply make a few selections on the vehicle's touchscreen and a three-digit code will be generated that allows the user to activate a specific pump and start fueling. The amount due is then automatically charged to the customer's payment method of choice, be that credit or debit or directly to their checking account. All of this is done without swiping a credit card or using a mobile device and Fuel Rewards® savings are automatically applied without the need to use a loyalty card.
As part of the launch of in-dash fuel payment, customers driving eligible Chevrolet, Buick, GMC and Cadillac vehicles can earn a one-time discount of 25c/gallon in Fuel Rewards® savings*, up to 20 gallons, on their next single fueling transaction after they sign up and use Shell Pay & Save within Marketplace and make a purchase of at least five gallons. Plus, these customers can earn an extra 5c/gallon in Fuel Rewards® savings*, up to 20 gallons, after each fuel purchase of at least five gallons on every fill-up through December 31, 2018.
"We are very excited to be able to announce that this technology is now live at Shell branded locations across the United States," said Sydney Kimball, Vice President, Fuel Sales and Marketing Americas for Shell Oil Products U.S. "What an incredible opportunity this is, and we couldn't be more thrilled to bring this to our customers."
Embedded in-dash fueling at Shell, the nation's largest branded fueling network, is powered by GM Marketplace, the automotive industry's first commerce platform for on-demand reservations and purchases of goods and services. Marketplace allows GM owners to order food, make dinner reservations, find parking or hotels and locate and pay for fuel.
"Fueling is obviously an essential part of the vehicle ownership experience and we're excited to offer our drivers a new way to fuel up with convenience, security and speed," said Rick Ruskin, Marketplace Line of Business leader, GM. "Through Marketplace, we've been able to harness the power of the connected vehicle to change the way people think about everyday tasks like filling up."
Shell and GM have worked with several companies to develop and roll-out this innovative technology and customer experience including Excentus, Xevo, Chase, Buy It Mobility (BIM) and Shell's payment platform provider, P97. This nationwide rollout to customers at participating Shell-branded stations comes following a successful pilot in select U.S. markets earlier this year.
About Shell
Shell Oil Company is an affiliate of Royal Dutch Shell plc, a global group of energy and petrochemical companies with operations in more than 70 countries. In the U.S., Shell operates in 50 states and employs more than 20,000 people working to help tackle the challenges of the new energy future.
ABOUT GENERAL MOTORS
General Motors (NYSE:GM) is committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Cadillac, Chevrolet, Baojun, Buick, GMC, Holden, Jiefang and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, Maven, its personal mobility brand, and Cruise, its autonomous vehicle ride-sharing company, can be found at http://www.gm.com.
* Fuel Rewards: Restrictions apply. To enable the ability to earn and redeem your Fuel Rewards® savings as part of the App, you must create a Fuel Rewards® account or have an active Fuel Rewards® account and link your Fuel Rewards® account to the App using your Fuel Rewards® user name and password. Dispenser may require a price of up to 10.9¢ per gallon. For purchases of $75 or more, please go inside to pay. Unbranded diesel and alternative fuels may not be eligible. It may not be possible to combine multiple discounts and/or rewards in a single transaction. Void where prohibited by law. Limit up to 20 gallons, per purchase, per vehicle or fraud limits placed by Shell and/or limits placed on your financial card by your financial institution, each of which may be lower. Fuel Rewards® savings must be redeemed in a single transaction. Offer may be modified or discontinued at any time without notice. The Fuel Rewards program® is owned and operated by Excentus Corporation. Any use of the Fuel Rewards® program will also be subject to the Fuel Rewards® Program Terms and Conditions, which can be found at https://www.fuelrewards.com/fuelrewards/terms.html and require consent to the Excentus Corporation Privacy Policy which can be found at https://www.fuelrewards.com/privacy.html.
Cautionary Note
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this press release "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to Royal Dutch Shell plc and subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this press release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as "joint ventures" and "joint operations", respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
This press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "aim", "ambition', ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''goals'', ''intend'', ''may'', ''objectives'', ''outlook'', ''plan'', ''probably'', ''project'', ''risks'', "schedule", ''seek'', ''should'', ''target'', ''will'' and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell's 20-F for the year ended December 31, 2017 (available at www.shell.com/investor and www.sec.gov ). These risk factors also expressly qualify all forward looking statements contained in this release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, August 16, 2018. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.
We may have used certain terms, such as resources, in this press release that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.
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SOURCE Shell Oil Company
WARREN, Mich., Oct. 28, 2016 /PRNewswire/ -- DTE Energy, the state's largest investor in renewable energy, has completed installation of a 900-kilowatt solar array at GM's Warren Transmission plant. The array is the largest solar installation at a GM site in Michigan and brings DTE's operational solar sites to 28. DTE has three additional large scale solar arrays under construction in the cities of Detroit and Lapeer.
"DTE is proud to be the state's largest investor in solar and wind, having driven investments of $2 billion since 2008," said Irene Dimitry, vice president of business and development for DTE Energy. "These investments are helping us reduce greenhouse gases while enabling DTE to continue delivering safe, affordable and reliable energy for our 2.2 million customers. We are excited to be here today to celebrate the completion of this project and our partnership with General Motors."
GM recently announced its commitment to meet the electricity needs of its global operations with 100 percent renewable energy by 2050. This goal is part of the company's overall approach to strengthening its business, improving communities and addressing its impact on the climate.
"By partnering with DTE on this solar array, GM is helping bring green energy options to the Warren community," said Rob Threlkeld, GM's global manager of renewable energy. "Projects like these help GM better serve society by reducing environmental impacts."
DTE owns the 2,862 panel-array, which was installed on 4.25 acres of a parking lot leased from GM Warren Transmission. The solar array will generate approximately 1.2 million kilowatt hours of electricity per year, the energy equivalent to powering the annual electricity needs of about 155 homes in southeast Michigan.
Today, DTE's renewable energy portfolio includes 12 wind parks and 28 solar arrays in Michigan. In 2015, more than 10 percent of the electricity provided by DTE was generated from a renewable source in Michigan – enough clean energy to power more than 400,000 homes.
About DTE Energy
DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric utility serving 2.2 million customers in Southeastern Michigan and a natural gas utility serving 1.2 million customers in Michigan. The DTE Energy portfolio includes non-utility energy businesses focused on power and industrial projects, natural gas pipelines, gathering and storage, and energy marketing and trading. Information about DTE Energy is available at dteenergy.com, twitter.com/dte_energy and facebook.com.
About General Motors Co.
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.
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SOURCE DTE Energy
NASHVILLE, Tenn., March 17, 2016 /PRNewswire/ -- Bridgestone Corporation and its global family of companies, including Bridgestone Americas, Inc. (BSAM), was named a GM Supplier of the Year by General Motors during its 24th annual Supplier of the Year awards ceremony held Thursday, March 10 at Cobo Center in Detroit, Mich. This is the 14th time Bridgestone Corporation has received the award.
GM recognized 110 of its best suppliers from 17 countries who have consistently exceeded GM's expectations, created outstanding value or brought new innovations to the company. The announcement represented the most suppliers GM has recognized since debuting the Supplier of the Year event in 1992.
"This award is a tribute to our employees worldwide who engineer the high quality tires and provide the exceptional service that outstanding partners like GM have come to expect from Bridgestone," said Mike Martini, president, original equipment, U.S. and Canada Consumer Tire Sales Division, Bridgestone Americas Tire Operations. "We are honored that GM has recognized us for a 14th time for providing innovative solutions to meet the emerging needs of their customers."
Martini, alongside Gary Garfield, president and CEO, Bridgestone Americas and John Behr, senior director, original equipment account management, Bridgestone Americas Tire Operations, accepted the honor on behalf of the company.
"We are focused on building positive supplier relationships, bringing new, customer-centric innovations to GM and being the OEM of choice among suppliers," said Steve Kiefer, GM vice president, Global Purchasing and Supply Chain. "The companies we recognize not only have brought innovation, they delivered it with the quality our customers deserve."
GM's 2015 supplier recognition represents a nearly 40 percent increase in the number of suppliers honored compared to 79 recipients in 2014. More than half of the suppliers are repeat winners from 2014.
Winning suppliers were chosen by a global team of GM purchasing, engineering, quality, manufacturing and logistics executives and selected based on performance criteria in Product Purchasing, Indirect Purchasing, Customer Care and Aftersales and Logistics.
About Bridgestone Corporation:
Bridgestone Corporation, headquartered in Tokyo, is the world's largest tire and rubber company. In addition to tires for use in a wide variety of applications, it also manufactures a broad range of diversified products, which include industrial rubber and chemical products and sporting goods. Its products are sold in over 150 nations and territories around the world.
About General Motors Co.:
General Motors Co. (NYSE: GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.
SOURCE Bridgestone Corporation
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