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General motors News
EXCLUSIVE: GM to boost spending on electric vehicles 30%, add two new battery plants - sources
Wed, Jun 16, 2021
General Motors Co will boost global spending on electric and autonomous vehicles to $35 billion through 2025, a 30% jump over its most recent forecast as it pursues EV leadership, people briefed on the matter told Reuters
GM will repay $28 million to Ohio in tax incentives after closing plant
Tue, Sep 29, 2020
General Motors Co will repay $28 million in state tax incentives to Ohio after the largest U.S. automaker came under heavy criticism for closing its Lordstown Assembly plant in March 2019. GM`s agreement with the Ohio Tax Credit Authority also requires the Detroit automaker to pay $12 million for "community support programs" in the Mahoning Valley
GM appeals directly to employees as strike losses mount
Sat, Oct 12, 2019
General Motors Co took the unusual step of appealing directly to its unionized employees in a blog post on Friday that laid out its latest offer aimed at ending a month-long strike.
Nearly 50,000 General Motors workers slated to go on strike
Mon, Sep 16, 2019
Almost 50,000 General Motors workers are slated to strike work across the US after the nation`s biggest carmaker failed to reach a pay and conditions deal with their union, reports said on Sunday.
This really happened! When Michelin-General Motors took air out of tyres for passenger vehicles - Testing and plans
Fri, Jun 21, 2019
It was a big moment at Movin’On Summit for sustainable mobility when mobility company Michelin and auto giant General Motors (GM) presented a new generation of airless wheel technology for passenger vehicles — the MICHELIN Uptis Prototype Unique Punctureproof Tire System.
General Motors, Bechtel to build EV charging stations
Wed, May 29, 2019
General Motors said on Tuesday it will partner with construction firm Bechtel Corp to build fast-charging stations across the United States for electric vehicles, and is seeking investors to fund the collaboration.
General Motors says no cut in Chevrolet Bolt sticker price as US tax credit for EVs drops
Fri, Mar 29, 2019
GM has laid out an aggressive electric vehicle strategy, vowing to bring at least 20 EV models to market by 2023. In January, Tesla Inc cut the prices of its EVs by $2,000 after its EV tax credit fell from $7,500 to $3,750 after it hit the 200,000 EV sales milestone.
General Motors sold 200,000 e-vehicles in US by 2018, triggering tax-credit phaseout: Source
Wed, Jan 02, 2019
The largest U.S. automaker reached the figure in the fourth quarter of 2018, which means the credit will fall to $3,750 in April, and then drop to $1,875 in October for six months. The credit will completely disappear by April 2020. The 200,000 figure covers GM`s cumulative EV sales since 2010.
US agency probes 1.7 million General Motors SUVs over wiper failures
Wed, Nov 07, 2018
The U.S. National Highway Traffic Safety Administration (NHTSA) said on Tuesday it was investigating whether General Motors Co , should recall an additional 1.7 million sport utility vehicles due to an issue with windshield wiper failures.
General Motors will recall more than 3.3 million vehicles in China: market regulator
Sat, Sep 29, 2018
General Motors` joint venture in China, Shanghai GM, will recall more than 3.3 million Buick, Chevrolet and Cadillac vehicles from Oct. 20 because of a defect with the suspension system, China`s market regulator said on Saturday.
Who is Dhivya Suryadevara; the Indian-American just named as first woman CFO at General Motors
Thu, Jun 14, 2018
Chennai-born Dhivya Suryadevara, 39, has been GM's vice president of corporate finance since July 2017. She will report to Chief Executive Officer (CEO) Mary Barra, 56, who has been head of the automaker since 2014.
SoftBank joins GM in self-driving car push; GM shares soar
Thu, May 31, 2018
SoftBank Group Corp will invest $2.25 billion in General Motors Co`s autonomous vehicle unit Cruise, the companies said on Thursday, a deal that validates the venerable Detroit automaker`s leadership in self-driving cars and sent GM shares up more than 10 percent.
Trump's auto tariff plan threatens GM's $7 billion South Korea rescue
Wed, May 30, 2018
Fresh off a $7 billion rescue for its loss-making South Korean operation, General Motors faces a new threat as U.S. President Donald Trump considers higher vehicle import tariffs that could "make or break" its Asian subsidiary.
General Motors to cut more than 1,000 US jobs tied to small cars
Sat, Apr 14, 2018
The cuts will affect GM's factory in Lordstown, Ohio, where the biggest US automaker produces the Chevrolet Cruze. Sales of the vehicle have dropped 32 per cent in the last four years, the company said, part of a broader trend in the US that has seen consumers ignore small cars in favour of sports utility vehicles and larger "crossover" cars amid low gasoline prices and a recovering economy
General Motors says S.Korean unit will file for bankruptcy if no union concessions by April 20
Tue, Mar 27, 2018
General Motors said its loss-making South Korean operations would file for bankruptcy if its union did not agree to cut labour costs by April 20, heaping pressure on workers and the South Korean government to swiftly agree a rescue plan. The U.S.
Ford Motor's 2017 profit misses Wall Street estimates
Wed, Jan 17, 2018
Ford`s highly profitable F-series large pickup franchise will face aggressive challenges from GM and Fiat Chrysler Automobiles NV as those rivals crank up their own respective production of new generations of large pickups.
Global carmakers to invest at least $90 billion in electric vehicles
Tue, Jan 16, 2018
That money is pouring in to a tiny sector that amounts to less than 1 percent of the 90 million vehicles sold each year and where Elon Musk`s Tesla Inc, with sales of only three models totaling just over 100,000 vehicles in 2017, was a dominant player.
GM to equip newer cars with in-dash e-commerce technology
Tue, Dec 05, 2017
GM`s Marketplace technology, developed in collaboration with International Business Machines will be uploaded automatically to about 1.9 million model-year 2017 and later vehicles starting immediately, with about 4 million vehicles across the Chevrolet, Buick, GMC and Cadillac brands equipped with the capability in the United States by the end of 2018, GM said.
Fiat Chrysler CEO says in talks with Hyundai on tech partnership
Sun, Dec 03, 2017
FCA is often the subject of merger speculation, especially after its unsuccessful 2015 attempt to tie up with larger U.S. rival GM. Its share price jumped to record highs in August after reports of interest from China and Hyundai.
Factbox: Automakers get serious about electric cars
Fri, Nov 17, 2017
Europe`s largest carmaker by unit sales will spend more than 34 billion euros ($40 billion) on electric cars, autonomous driving and new mobility services by the end of 2022.