General Motors Chief Executive Mary Barra on Wednesday defended the automaker’s plan to sell an assembly plant located in Ohio, arguing the plan to sell the plant to an electric vehicle start-up was carefully vetted and had a chance of success. Barra informed Reuters in a brief interview Wednesday after a number of meetings on […]
General Motors
Most new vehicles to get over-the-air upgrade tech by 2023, says General Motors
General Motors stated on Monday that majority of its global models will be capable of over-the-air software upgrades by 2023, as GM presents new vehicle electrical systems aimed to securely handle heavy data traffic and software downloads from the internet. General Motors and other established auto companies have been not that quick to catch up […]
GMC trucks to deploy an adaptive cruise control system
General Motors’s truck brand GMC stated on Friday its 2020 Sierra large pickup trucks are going to have an adaptive cruise control system, in a push to catch up with its competitors. Adaptive cruise control system permits trucks to automatically adjust speed to maintain a set distance behind the automobile ahead. It showcases a single […]
Error in JPMorgan loan to General Motors settles for $231 million
Lenders and hundreds of investors agreed to pay $231 million to put an end to their decade-long legal battle over a clerical error in a $1.5 billion loan to General Motors which was administered by JPMorgan Chase, according to court documents. The settlement payment will be an advantage to the unsecured creditors of General Motors’ […]
General Motors recalls 368,000 larger duty trucks
General Motors stated Friday it is recalling 368,000 medium- and heavy-duty diesel trucks geared up with engine-block heaters for fire dangers after 19 reports of fires. The recall concerns some 2019 Chevrolet Silverado 4500, 5500 and 6500 trucks, 2017-2019 Chevrolet Silverado and GMC Sierra 2500 and 3500 trucks geared up with Duramax 6.6-liter diesel engines […]
GM’s Cruise gets $1.15 billion funding from T. Rowe Price, SoftBank
General Motors’s majority-owned Cruise self-driving division stated on Tuesday fund manager T. Rowe Price and a group of current investors put down $1.15 billion in new equity, evaluating the unit at $19 billion. Funding for Cruise comes weeks follow the statement from T. Rowe Price that it has sold 92 percent of its stake in […]
GM to Make an Electric Pickup Truck
The company that ridiculed Ford for using aluminum in their F150 design is suddenly going high-tech with pickup trucks. You knew it was coming, and now GM is aiming to be the first major automaker to offer a fully electrified pickup truck. It’s a good idea for lots of reasons, but the question has never […]
General Motors considers investing $1 billion in its Missouri plant
General Motors is thinking about a $1 billion investment at its Missouri assembly plant where it constructs vans and trucks, state officials stated on Thursday. Missouri Governor Mike Parson informed the St. Louis Post-Dispatch that GM, in a closed-door meeting, had outlined a strategy to invest in the plant and add jobs. Parson informed the […]
GM recalling hundreds of thousands of trucks after reports of fires
General Motors stated Friday it is recalling 368,000 medium- and heavy-duty diesel trucks geared up with engine-block heaters for fire risks after 19 reports of fires. The recall covers some 2019 Chevrolet Silverado 4500, 5500 and 6500 trucks, 2017-2019 Chevrolet Silverado and GMC Sierra 2500 and 3500 trucks geared up with Duramax 6.6-liter diesel engines […]
Lyft elevates General Motors first-quarter profit
General Motors on Tuesday reported a higher-than-expected quarterly profit, raised by revaluations of shares it owns in ride-hailing company Lyft Inc and France’s Peugeot SA. Excluding the advantages of those revaluations, GM provided outcomes in line with analyst predictions, driven mainly by highly lucrative pickup truck sales in the U.S. market. The earnings came after […]
Cadillac brand points to strong growth in China, according to GM
General Motors’ luxury Cadillac brand is taking advantage from strong growth in China, the American automaker stated at a conference on Wednesday in New York. GM Cadillac President Steve Carlisle stated that Cadillac would broaden its network of dealers to 500 in China by 2025. The U.S. automaker will introduce a new product every 6 […]
GM CEO’s pay dipped to under $22 million in 2018
General Motors’s top CEO, Mary Barra, got a compensation package worth just below $22 million in 2018, slightly less than the earlier year, according to the No. 1 U.S. automaker’s proxy statement issued on Thursday. GM also stated two members of the board of directors – former chairman of the joint chiefs of staff, retired […]
General Motors expects positive results from GEM
General Motors has spent five years reviewing its playbook for making money in Latin America and the interior of China. At this moment, it’s show time for the initial results of a project code-named GEM, for Global Emerging Market. At events this week prior to the Shanghai Auto Show, the American automaker plans to reveal […]
GM, Ford and Toyota join to advance self-driving innovation
Three major automakers stated on Wednesday they were establishing a consortium to help draw up safety standards for self-driving vehicles that could eventually help forming regulations in the United States. General Motors, Ford Motor and Toyota Motor stated they were joining forces with automotive engineering group SAE International to form autonomous vehicle “safety guiding principles […]
U.S. March and quarter one auto sales drop in weak start to this year
Significant automakers on Tuesday reported weak U.S. sales for March and the first quarter, mentioning a rough start to the year, but stated a robust economy and strong labor market should support consumers to purchase more vehicles as 2019 rolls on. Passenger-car sales had a hard time throughout the January-March quarter compared with the same […]
