U.S. Automakers' Lithium Investments Face Headwinds

September 3, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, General Motors Company (NYSE:GM) (GM) (Detroit, Michigan) and Lithium Americas Corporation (NYSE:LAC) (Vancouver, British Columbia) announced that GM was delaying the payment of a second tranche of investment in a Nevada lithium mine until the end of the year. One of the key conditions of the $330 million second tranche has yet to be met and faces some uncertainty as the upcoming U.S. presidential election looms.