Court Allows Expert Testimony Linking Johnson & Johnson Talc Products to Ovarian Cancer 
Citi Forecasts a Volatile but Ongoing Bull Market for S&P 500 in 2026 
Federal Reserve Begins Treasury Bill Purchases to Stabilize Reserves and Money Markets 
Asian Currencies Trade Flat as Dollar Weakens in Thin New Year Trading 
Baidu Shares Surge After Official Launch of Advanced Ernie 5.0 AI Model 
Japanese Business Leaders Urge Government Action as Weak Yen Strains Economy 
Memory Chip Shortage Drives Higher Gadget Prices and Weakens Global Tech Demand 
Apple China Holiday Sale Offers Discounts Up to 1,000 Yuan on Popular Devices 
South Korea Factory Activity Returns to Growth in December on Export Rebound 
Elon Musk Shares Bold Vision for AI, Robots, and Space at Davos 
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates 
U.S. Vaccine Policy Shifts Under RFK Jr. Create Uncertainty for Pharma and Investors 
U.S. Stocks Slip as Gold Rebounds Ahead of Year-End, Markets Eye 2026 Outlook 
Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes 
Gold Prices Rebound in Europe as Geopolitical Tensions and Fed Outlook Support Bullion 
Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook 
South Korea Inflation Rises to 2.3% in December, Matching Market Expectations 
General Motors revealed early this week that it has widened its design studio in China. The American carmaker will be focusing on the development of electric cars as it will not design and produce vehicles that run on gas any longer.
GM’s future goal for its fleet
According to Reuters, General Motors expanded its design studio in China as it is preparing to stop the production of diesel vehicles. The biggest automaker in the United States is aiming to completely get rid of gas cars by the year 2035.
Moreover, GM would like to get a bigger share of the electric vehicles market in China, which currently has the biggest EV market in the world today. The company also wants to extend its business from software to services after its electric cars are sold.
Selling EV batteries is also part of the company’s goal, and most importantly, by 2025, General Motors would like to reach an annual sales target of more than one million units of electric vehicles in the U.S. and China. To achieve its goal, GM is investing $35 million.
GM’s new studio in China
General Motor’s new advanced design studio is said to be one of the three that exist in the world. In this facility, the company will be designing EVs for future generations. It was built by redesigning the existing studio located on the same site as its tech center in Shanghai.
The expanded Advanced Design Center in Shanghai is now double in size and boasts 5,000 square meters of work area. Currently, GM is also hiring a new design team and staff for the studio. It is looking to hire designers, digital modelers, virtual reality experts, physical modelers, and support staff.
“Innovation allows us to adopt the best solutions available in a quick and agile way. We believe we now have the right strategy and the right technologies,” GM Authority quoted Julian Blissett, General Motor’s executive vice president and president of GM China, as saying in a statement. “We also believe that with facilities like the new GM China Advanced Design Center and its growing team of professionals, we have the right organizations and people to bring the most desirable products to China’s consumers in the new era of electrification and connectivity,” he added.
