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General motors News
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.
MG Motor completes takeover of Halol plant from GM
Wed, Sep 27, 2017
MG Motor which announced plans to enter the Indian market said that it had completed the acquisition of GM's Halol plant in Gujarat.
Hyundai Motor to launch electric vehicle with 500 km range after 2021
Thu, Aug 17, 2017
Battery-powered cars offered by the likes of Tesla are gaining traction faster than fuel cell vehicles backed by Hyundai Motor and Toyota Motor Corp.
Why SAIC Motor's cars could be out in India earlier thanks to takeover of GM's Halol plant
Thu, Jul 06, 2017
SAIC Motor will take over GM India's Halol plant in Gujarat which had shut down operation in April this year.
General Motors dealers to face losses up to Rs 15 crore each; after-sales service may be impacted
Wed, Jun 28, 2017
General Motors dealers to face huge losses due the investment that they have put into the business and have been protesting due to the poor compensation.
General Motors to face a messy divorce as dealers threaten class action law suit
Tue, Jun 27, 2017
Over 100 dealers of General Motors India protested today in New Delhi against the poor compensation package they were receiving from the company over its exit from the Indian market.
General Motors' dealerships, employees to hold protest in Delhi tomorrow
Mon, Jun 26, 2017
GM dealers and their employees will protest as a result of the huge losses and job losses to them as a result of the company's decision to exit the Indian market announced last month.
Chevrolet sales slump to a multi-year low following GM's India exit announcement
Mon, Jun 19, 2017
General Motors' Chevrolet brand saw its worst sales in May in over several years since it entered the Indian market which was sparked by its exit announcement.