GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
General Motors just signed a deal with Wabtec Corp. for the supply of electric batteries and hydrogen fuel cell systems for the latter’s locomotive fleet. This agreement effectively extends GM’s business outside of the automotive market.
The memorandum between GM and Wabtec
As per Reuters, the two companies signed a nonbinding memorandum of understanding (MOU) to realize GM and Wabtec’s vision of zero emissions for transportations in the future. It was added that the Pittsburgh-headquartered leading global provider of equipment, systems, digital solutions, and other locomotive services will be using its expertise in the field of energy management and systems optimization to create solutions for heavy-haul locomotives that can use General Motors’ advanced technologies.
Wabtec is currently developing electric battery and hydrogen fuel cell-powered locomotives and this move comes after the rail industry demanded companies to get rid of carbon emissions.
It was reported that it already tested an electric locomotive model and Wabtec is now building a newer version with GM’s batteries and this could be ready for delivery by 2023.
“Rail networks are critical to transportation and to GM’s ability to serve our customers across North America, and Wabtec’s bold plan to de-carbonize heavy haul and other locomotive applications helps advance our vision of a world with zero crashes, zero emissions and zero congestion,” GM president, Mark Reuss, said in a press release. “Wabtec’s decision to deploy GM’s Ultium battery and HYDROTEC hydrogen fuel cell systems further validates our advanced technology and demonstrates its versatility.”
What GM will offer Wabtec
Under the agreement, General Motors will be supplying Wabtec Corp. with its Ultium electric batteries and Hydrotec hydrogen fuel cell power cubes. These will be fitted into the latter’s fleet of freight locomotives and servicing. The rest of the terms were not mentioned including financial details.
CNBC reported that this MOU with Wabtec will also be beneficial to General Motors as it will expand its customer base. With its technologies, it can now accommodate other business deals apart from anything related to automotive.
Finally, General Motors’ Ultium battery technology is expected to provide the efficiency, flexibility, reliability and power needed for rail locomotives. This battery cell was developed in a joint venture with LG Energy Solutions.
