Amazon and General Motors in talks to invest in Rivian
Amazon.com and General Motors are discussing possibilities to invest in Rivian Automotive LLC in a deal that will cost the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people knowledgeable with the matter informed Reuters on Tuesday. The deal would give Amazon and General Motors minority stakes in Rivian, the sources
- Published in General Motors
GM’s high-margin pickup trucks and small SUVs generate profits
General Motors on Wednesday reported a quarterly profit that surpassed Wall Street expectations, due to high-margin pickup trucks and small SUVs in the U.S. as well as cost cutting. The whole GM’s profit came from North America, where those lucrative models assisted overcome a drop in the number of vehicles it sold. The company’s operations
- Published in General Motors
GM pickup truck plant in Michigan to add 1,000 employees
General Motors stated on Tuesday it will bring 1,000 workers to build new heavy-duty pickup trucks at its plant located in Flint, Michigan, and will give importance to GM employees who were laid off elsewhere. GM has been criticized by U.S. President Donald Trump and Midwestern lawmakers for its strategies to stop production at five
- Published in General Motors
General Motors cutting 4,000 workers in North America
General Motors on Monday stated it was beginning to hand pink slips to about 4,000 salaried employees in the latest round of a restructuring announced in late November that will eventually shrink its white-collar workforce in North America by 15 percent out of 54,000. Two people knowledgeable with the matter on the cuts stated GM
- Published in General Motors
General Motors meets lawmakers over racism allegations at Ohio plant
Senior General Motors executives met with Ohio’s two senators and various other lawmakers on Capitol Hill after African American workers sued the automaker accusing it of permitting a racially hostile work environment. The lawsuits, which were first submitted in April, got large attention after CNN reported on them in last month. The suits stated many
- Published in General Motors
GM and Brazil in talks to invest $2.5 billion for tax breaks
General Motors is in talks to invest 9 billion reais ($2.5 billion) in the Brazilian state of Sao Paulo over the next three years in return for tax obligation rewards, newspaper Valor Economico reported on Friday. GM has in latest weeks advised its staff members in Brazil that “sacrifices” would certainly be essential for the
- Published in General Motors
GM stops operations at 11 Michigan plants after an urgent appeal
General Motors stated late on Wednesday it will temporarily suspend procedures at 11 Michigan plants and its Warren Tech Center after an utility made an emergency appeal users to preserve natural gas during extreme wintertime cold. Fiat Chrysler Automobiles NV also stated it had terminated a shift on Thursday at both its Warren Truck and
- Published in General Motors
Union in Canada calls for boycott of GM Mexico-made vehicles
The union representing workers at General Motors’ Oshawa, Ontario plant called on Canadian and U.S. customers on Friday to stop purchasing GM cars made in Mexico, the recent tactic in its campaign to return the automaker to the bargaining table. GM has stated it will shut down Oshawa by the end of this year, but
- Published in American, General Motors
General Motors to spend $22 million in Tennessee plant
General Motors stated on Thursday it will spend $22 million at its Tennessee plant to construct fuel-efficient engines. The U.S. automaker also stated it would add over 200 jobs at the Spring Hill plant for production of new Cadillac XT6. The plant, which also produces the popular GMC Acadia mid-size SUV, employs about 3,800 people.
- Published in General Motors
General Motors warns workers in Brazil on losses
General Motors has cautioned employees in Brazil that recent investments there depend on a painful strategy to return to profit in the nation, according to a memo observed by Reuters on Saturday. In a message posted at Brazilian plants, GM’s top executive in Brazil and Argentina, Carlos Zarlenga, stated after running up a heavy loss
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General Motors: Mark Reuss to succeed Dan Ammann as president
General Motors stated on Thursday that Mark Reuss would succeed Dan Ammann as president, effective immediately, as part of the automaker’s continued shift to electric and self-driving vehicles in North America and China. Reuss remains concentrated on rebuilding the Cadillac brand and streamlining automaker’s product development operations, while boosting the resources, mainly engineering hours, allocated
- Published in General Motors
UAW sues General Motors over temporary workers
The United Auto Workers stated on Thursday it was taking legal action against General Motors over labor contract violations emerging from its alleged use of temporary workers at an Indiana assembly plant, escalating the union’s fight against automaker’s plans to possibly shut down U.S. factories. The lawsuit, submitted on Wednesday in U.S. District Court in
- Published in General Motors
General Motors sold 200,000 electric vehicles in U.S. by 2018
General Motors hit 200,000 total electric vehicles sold in the United States by the end of last year, reaching a threshold that triggers a phase-out of a $7,500 federal tax credit during the next 15 months, a person knowledgeable about the matter stated Wednesday. The largest U.S. automaker reached the number in the fourth quarter
- Published in General Motors
Tesla, GM weigh fate of Ohio plant Trump wants saved
Tesla CEO Elon Musk boosted hopes again on Thursday that he could ride to the rescue of a threatened General Motors car plant at the center of a political storm regarding auto jobs, and GM responded, saying the Ohio factory’s fate depends on union talks in 2019. Musk suggested in a Twitter exchange with outgoing
- Published in General Motors, Tesla
GM to respond by January 7 to Canada union efforts to save plant
General Motors will reply by January 7 to a Canadian union’s proposals for keeping an Ontario auto assembly plant open, the head of Canada’s largest private sector union stated on Thursday. Unifor head Jerry Dias informed reporters following meeting with GM executives in Detroit that the automaker did not “unilaterally slam the door” on efforts
- Published in General Motors