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  1. Ultium Cells LLC is the name of the General Motors and LG Chem joint venture for cell manufacturing. Construction has started with ground prep activities for the future site of the Ultium battery cell manufacturing facility in Lordstown.
  2. With shelter-in-place orders enacted across the country, people are driving less (or not at all) and only using their vehicles for essential outings. However, once things return to the “new normal,” vehicles need to be ready to transport drivers and passengers wherever they need to go, especially as people look to reunite with loved ones.
  3. As part of an ongoing commitment to enhance and improve the entire customer experience from shopping to delivery, today General Motors announced an initiative inviting U.S. dealers to participate in a program embracing Centers for Disease Control and Prevention guidelines in the operations of their businesses.
  4. General Motors’ Spring Hill Manufacturing plant is expected to be powered by 100 percent solar energy beginning in late 2022.
  5. General Motors Co. (NYSE: GM) announced today the pricing of three series of senior unsecured notes for a total of $4.0 billion. These notes include $1.0 billion of 5.40 percent notes due in 2023, $2.0 billion of 6.125 percent notes due in 2025 and $1.0 billion of 6.80 percent notes due in 2027. The offering is expected to settle on Tuesday, May 12, 2020. In addition, following the closing of the notes offering, GM expects to enter into a new 364-Day Revolving Credit Agreement, subject to certain closing conditions. We expect the New 364-Day Revolving Facility to be unsecured and to provide available borrowing capacity of approximately 2 billion in U.S. dollars, and we have received commitments from lenders in excess of this amount.
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