GM Ventures is investing in Niron Magnetics, a start-up that is developing a high-tech magnet that can function as the heart of an electric vehicle without using scarce rare-earth minerals.
Transaction prices rose significantly for some strike-affected brands such as Chevrolet, Chrysler and Dodge, while Ford, Jeep and Ram saw drops as those brands boosted incentives.
Despite a drop in year-over-year sales, October U.S. sales of medium- and heavy-duty trucks brought the calendar year-to-date total to 422,077 units, 9.7% above like-2022’s 384,809.
