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GM Quarterly Profit Rises

General Motors Co. today reported an improved quarterly profit on higher vehicle sales in its home North American market. The company also forecast strong results for 2023 but slightly below last year’s levels.

Honda, LG Energy Announce Site of Joint Venture

Honda and LG Energy Solution today announced that their new joint venture (JV) battery plant will be located in Fayette County, Ohio, about 40 miles southwest of Columbus, where the two companies will commit to investing $3.5 billion and creating 2,200 jobs, pending final government approvals.