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General motors News
General Motors says to invest additional $1 billion in US
Tue, Jan 17, 2017
General Motors Co said on Tuesday it would invest an additional $1 billion (nearly Rs 6,652.8 crore) in its US factories, moving some production from Mexico.
GM gives robust '17 profit outlook, boosting shares
Thu, Jan 12, 2017
No. 1 U.S. automaker General Motors Co on Tuesday gave an upbeat profit outlook for 2017 that was significantly above Wall Street forecasts, countering analysts’ concerns that the U.S. car industry peaked in 2016 after several years of record or near-record sales, sending its shares up nearly 4 percent.
GM signals no change of plans despite Trump criticisms
Wed, Jan 11, 2017
Leaders of the big three US auto makers have all spoken at the Detroit auto show about how President-elect Trump might impact the industry, but the third, from GM, offered the most business-as-usual message.
Volkswagen to keep Mexico factories, executive says
Mon, Jan 09, 2017
The head of the Volkswagen (VW) brand of cars said his company would continue to manufacture in Mexico and pledged to produce electrified vehicles in the United States (US).
China fines General Motors' unit $29 million for 'price-fixing'
Sat, Dec 24, 2016
Beijing has fined the Chinese unit of General Motors (GM) nearly $29 million for "infringing on the rights of consumers and its competitors" via price-fixing, Shanghai authorities said.
General Motors to shut five US plants temporarily in January
Tue, Dec 20, 2016
General Motors (GM) plans to temporarily shut five US manufacturing plants in January in response to lower demand, a spokeswoman said on Monday. The biggest US automaker will shutter the plants for one to three weeks at the start of the year.
China's auto sales peak in November: Group
Mon, Dec 12, 2016
Auto sales in China, the world`s biggest car market and crucial to manufacturers worldwide, reached a new peak in November, data from an industry group showed on Monday.
Japan's Honda ties up with ride-hailing service Grab
Mon, Dec 12, 2016
Southeast Asian ride-hailing service Grab disclosed on Monday that Japan`s Honda Motor Company had invested in the firm, as part of a $750 million funding announced previously, to collaborate on motorbike-hailing services.
US auto sales fall in October as boom slows
Wed, Nov 02, 2016
US auto sales fell in October, in a fresh sign of slowing in the industry as American automakers struggle to maintain recent high levels of demand.
Is General Motors looking to tie-up with Ola to revive sales in India?
Mon, Oct 17, 2016
In US, GM in January announced a $500 million (nearly Rs 3,326.38 crore) investment in Lyft, with plans down the road to develop an on-demand network of self-driving cars.
India's ride-hailing app Ola to announce joint initiative with Mahindra
Wed, Sep 07, 2016
Indian ride-hailing firm Ola and the country's top utility vehicle maker Mahindra and Mahindra are set to announce a joint initiative on Thursday, according to an invitation sent to the media.
Ford shelves compact car programme for emerging markets, setback for India, China
Fri, Sep 02, 2016
Ford Motor Company has shelved plans to produce a new compact car family designed mainly for emerging markets like India and China, industry sources said, reflecting disappointing sales of mainstream models in the world's fastest growing car markets.
General Motors recalls its 22,00 Chevrolet Cruze cars due to faults in ignition system
Thu, Sep 01, 2016
General Motors recalls its 22,00 Chevrolet Cruze cars due to faults in ignition system. Watch complete news story of News @ 5:00 PM for getting detailed updates!
Carmakers recalled over 17 lakh cars in India since 2012
Fri, May 13, 2016
While India doesn't have a recall policy currently, the Ministry of Road Transport & Highways is working on amending the Central Motors Vehicles Rules 1989, to bring in a mandatory Recall Policy.
Volkswagen takes over as top global carmaker as shutdowns impact Toyota's sales
Wed, Apr 27, 2016
Toyota's worldwide sales declined 2.3% in the January-March period, while VW reported earlier this month a 0.8% increase despite struggling to overcome an emissions scandal
Volkswagen will take $18 billion hit to 2015 results over emissions scandal
Sat, Apr 23, 2016
Volkswagen (VW) said on Friday the money it was setting aside to pay for the scandal would drive it to a 2015 net loss of 1.36 billion euros, the largest in its history and the first on an annual basis since 1993.