General Motors ignition switch criminal case dismissed by U.S. judge
A federal judge in New York dismissed a criminal case brought against General Motors in 2015 concerning the automaker’s handling of an ignition-switch problem associated with 124 deaths. U.S. District Judge Alison Nathan accepted a request submitted Monday by federal prosecutors to dismiss the two-count criminal information. In 2015, the automaker entered into a deferred
- Published in General Motors
General Motors to recall about 1.2 million vehicles globally
General Motors is recalling 1.205 million pickup trucks and sport utility vehicles globally because of the issues with a temporary loss of power steering, the U.S. automaker stated on Thursday. The recall concerns certain 2015 Chevrolet, GMC and Cadillac pickup trucks and SUVs, and consists of 1.02 million vehicles in the United States. GM spokesman
- Published in General Motors
U.S. import tariffs could mean smaller company, fewer jobs, says GM
General Motors has warned that higher tariffs on imported automobiles under consideration by the Trump administration could cost jobs and result in “a smaller GM” while isolating U.S. businesses from the international market. The administration in May started an investigation into whether imported vehicles pose a national security threat, and U.S. President Donald Trump has
- Published in General Motors
General Motors to move Vietnam operation to Vingroup’s car arm, eyes sales increase
General Motors has agreed to move its Vietnamese operation to VinFast Trading and Production LLC and distribute Chevrolet vehicles through the local automaker, in a move that could assist drive up its modest sales in the country. The U.S. automaker will move full ownership of its Hanoi factory to VinFast for the Vietnamese company to
- Published in General Motors
Canada lobbies major U.S. automakers to fight auto tariffs
Canada’s trade minister previous week met senior officials from General Motors and Fiat Chrysler Automobiles NV in Detroit, as Ottawa takes its lobbying effort straight to the Big Three automakers to avert possible U.S. auto tariffs. The Liberal government is depending on industry partners to push Canada’s cause in the White House and others, using
- Published in Chrysler, Ford, General Motors
General Motors names Suryadevara CFO to succeed Stevens
The new CFO of General Motors General Motors stated on Wednesday Dhivya Suryadevara, presently vice president of corporate finance, is going to succeed Chuck Stevens on September 1 as chief financial officer of the leading automaker in the US. Suryadevara, 39, has played an remarkable role in some major deals GM has made as it
- Published in General Motors
General Motors got no projects underway with Lyft, says CEO Barra
General Motors CEO Mary Barra stated on Tuesday the No. 1 U.S. automaker at present has no projects underway with ride-sharing company Lyft, where it is holding 9 percent stake. Competing automaker Ford Motor stated last year it will work with Lyft to deploy large amount of Ford self-driving vehicles on Lyft’s network by 2021.
- Published in General Motors
General Motors to sell new electric car batteries to Honda
General Motors will provide advanced batteries to Japan’s Honda Motor, the companies stated Thursday, a move that could apparently reduce the expense of future electric vehicles at both automakers after 2020. The automaker stated the new batteries, which it has branded EME 1.0 and first described last fall, will be smaller than present EV batteries,
- Published in General Motors, Honda
General Motors settles lawsuit with motorcyclist hit by self-driving car
General Motors agreed to settle a lawsuit submitted by a motorcyclist involved in a minor crash among its self-driving cars in San Francisco late last year, the U.S. automaker stated on Friday. Oscar Nilsson sued GM in U.S. District Court in January for negligence over a December last year crash in which he was injured.
- Published in General Motors
Car imports investigation gives General Motors, Ford shares small lift
Shares of General Motors and Ford Motor moved only marginally higher before the bell on Thursday following the Trump administration launch of a national security investigation into car imports which could result in new tariffs on foreign rivals while also stirring trade tensions. Washington stated on Wednesday it will open a so-called Section 232 investigation
- Published in General Motors
General Motors sees custom designs, private ownership for self-driving cars
General Motors, which prepares a ride-sharing fleet of robotaxis for 2018, is exploring at further business opportunities for self-driving cars, including custom designs that could be almost unrecognizable from those of present, a top executive stated on Thursday. Custom-designed vehicles could be owned or rented by individual customers, consisting of those outside of large cities,
- Published in General Motors
General Motors agrees to stake lock-in, make South Korea regional headquarter
General Motors will stay in South Korea for no less than 10 years and install its Asia-Pacific headquarters in the nation, government officials stated on Thursday, describing terms of a deal targeted at rescuing the U.S. automaker’s struggling GM Korea unit. The U.S. automaker’s Korean unit averted a bankruptcy filing with a wage deal clinched
- Published in General Motors
South Korea says GM deal to confirm it remains in country for a decade
South Korea stated on Wednesday that an upcoming deal with General Motors to refinance its regional unit will confirm the U.S. automaker remains in the country for at least one decade, as its rights to sell shares and assets will be curtailed. GM and South Korea reached an initial agreement last month to spend $4.35
- Published in General Motors
General Motors work with Autodesk for lightweight 3D-printed parts
General Motors stated on Thursday it was collaborating with design software company Autodesk Inc to produce new, lightweight 3D-printed parts that could help the carmaker meet its goals to add alternative-fuel automobiles to its product lineup. In 2017, the company announced it’s strategies to add 20 new electric battery and fuel cell vehicles to its
- Published in General Motors
GM to provide loans to Korean unit, state-run bank to get shares
General Motors planned $3.6 billion cash infusion to save its South Korean business is going to be in the form of loans, while Korea Development Bank (KDB) will get preference shares for its $750 million investment in GM Korea, two sources knowledgeable with the issue stated on Wednesday. The Detroit automaker and state-run KDB agreed
- Published in General Motors