Office design isn’t keeping up with post-COVID work styles - here’s what workers really want 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
AI is driving down the price of knowledge – universities have to rethink what they offer 
Canada’s local food system faces major roadblocks without urgent policy changes 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Why have so few atrocities ever been recognised as genocide? 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
The pandemic is still disrupting young people’s careers 
General Motors (GM) is grappling with significant delivery issues despite a surge in U.S. vehicle demand, per North American president Rory Harvey. Amidst the company's struggle with post-pandemic logistics, GM stays hopeful about the growth of its latest electric models, the Hummer EV and Cadillac Lyriq. In a parallel stride towards innovation, GM acquired Israel-based battery software startup ALGOLiON to enhance its electric vehicle battery performance.
However, the automaker faces outbound logistics challenges, particularly in shipping vehicles to dealers, whether by truck or rail, in the aftermath of the COVID-19 pandemic. Harvey expressed the company's desire to improve availability at dealerships and expedite the delivery of units from their manufacturing plants.
When questioned about lower-than-expected sales and dealer inventories of the GMC Hummer EV and Cadillac Lyriq, GM's newest electric vehicles, Harvey declined to attribute the issues to problems with Ultium batteries. He mentioned that these models have been produced in limited quantities but emphasized that momentum is building.
Harvey expects a step change in terms of the performance of these models in the second half of the year, building upon the growth seen in May and June. Notably, GM reports U.S. vehicle sales every quarter, selling only 1,348 Lyriqs and 47 Hummers in the second quarter.
In addition to these updates, General Motors recently acquired ALGOLiON, an Israel-based battery software startup, to augment its battery development initiatives. ALGOLiON's advanced algorithms utilize EV battery management system data streams to detect subtle performance changes, enabling effective vehicle health management and early identification of battery hazards, including overheating.
Boosted by this acquisition, GM's continued efforts to meet demand and address logistical challenges reflect its commitment to delivering high-quality vehicles to customers and furthering innovation in the electric vehicle sector.
Photo: GMC Pressroom
