Delays to American automaker General Motors’ sale of its Indian plant to Chinese automaker Great Wall Motor because of the tensions between India and China are likely to result in hefty unplanned costs for GM, people familiar with the matter said. The sale of the plant located in Talegaon in Maharashtra state was announced in January […]
General Motors
General Motors explores the market for electric ‘flying cars’
General Motors is discovering options in the aerial taxi market, including whether to construct the vehicles known colloquially as “flying cars,” as part of a push by the automaker to look for a boost in related transportation markets, two people knowledgeable with the matter said. CEO Mary Barra on Monday briefly made her first reference ever […]
General Motors not interested in ‘short-term pop’, says CEO
General Motors CEO Mary Barra said on Monday that worldwide vehicle demand was recovering from declines caused by the coronavirus crisis, but added she would not take any short-term actions to increase GM’s stock at the expense of its long-term strategy. “We are encouraged about the recovery we are seeing in most of our markets,” […]
General Motors CEO moves to the automaker for EV future
General Motors CEO Mary Barra has reeled off two major deals in the past week in response to investor concerns the No. 1 U.S. automaker is stuck in neutral while Tesla Inc and other electric automakers are leaving legacy automakers behind. But investors want Barra to go further. A 10% increase in GM’s shares on […]
GM venture’s car becomes most sold EV in China, surpassing Tesla’s Model 3
A micro electric vehicle (EV) by General Motors’ local Chinese joint venture has become the most sold EV model in China, with 15,000 cars sold in China in August, followed by Tesla Inc’s 11,800 sales of Model 3 sedans, industry data showed. The model, the Hongguang MINI EV, is a two-door micro electric vehicle released […]
General Motors and Honda to jointly develop vehicles in North America
General Motors and Honda Motor on Thursday revealed plans to team up in North America to make a series of vehicles, deepening their ties as the auto industry comes under more pressure to share technology and costs to meet demands for cleaner automobiles. Under the alliance, both automakers said, they intend to share common vehicle […]
General Motors CEO and Ivanka Trump talk jobs as 2020 election nears
General Motors CEO Mary Barra hosted Ivanka Trump, daughter, and adviser to U.S. President Donald Trump, for a tour on Wednesday of the automaker’s worker training center in one of the hottest battlegrounds of the U.S. presidential race. GM and White House officials said the meeting at the automaker’s technical center in Warren, Michigan, was […]
General Motors, Ventec deliver 30,000 ventilators to U.S. government
General Motors and medical equipment maker Ventec Life Systems have made deliveries of 30,000 ventilators to the U.S. government during the coronavirus crisis, the automaker said on Tuesday. U.S. President Donald Trump had urged the American automakers as part of a broader push to secure over 130,000 ventilators by the end of 2020. The deliveries […]
Geely and General Motors venture eyes on China’s pickup truck competition
Zhejiang Geely Holding Group together with General Motors Chinese venture are preparing to launch its first pickup truck models, intensifying competition in a segment dominated by Great Wall Motor. Geely revealed its first pickup truck model last week at a company event publicized on social media, while formal documents showed a joint venture of automakers […]
General Motors, Ford coronavirus ventilator projects close in on their finish lines
General Motors and Ford Motor said on Tuesday they are close to finishing the production of ventilators ordered by the Trump Administration in response to an increase in coronavirus cases and are ramping down or exiting the operations. Many of the ventilators assembled by the companies have gone into a U.S. government stockpile as doctors […]
Over 40% of new China launches in 5 years will be EVs, says General Motors
General Motors is preparing an electric car offensive in China with over 40% of its new launches in the country during the next five years set to be electric vehicles (EVs), the U.S. automaker said on Wednesday. The electric vehicles of the automaker, many of which will be all-electric battery cars, will be produced in […]
U.S. judge rejects General Motors bid to reopen racketeering case
A federal judge in Detroit on Friday turned down a bid by General Motors to reinstate a racketeering lawsuit against its Fiat Chrysler Automobiles (FCA). GM had claimed that it had new details on foreign accounts used in an alleged bribery scheme involving FCA and leaders of the United Auto Workers (UAW) union. But U.S. […]
General Motors proposes Brazil workforce reduction through buyouts
General Motors is offering buyouts to some of its Brazilian employees, a local union said on Wednesday, as the nation’s No. 1 automaker has been impacted by the coronavirus crisis. General Motors has a long history in Brazil, having inaugurated the first plant in the country in 1930 in Sao Caetano, just outside Sao Paulo. […]
General motors find big names for bidders for credit card business
American investment bank Goldman Sachs is looking to purchase General Motors’ credit card unit as it looks to double down on its banking arm, the Wall Street Journal reported on Wednesday, citing people knowledgeable with the matter. Barclays is also one of the small numbers of bidders for the automaker’s credit card business, which has […]
General Motors CFO Suryadevara joins startup Stripe as CFO
One of the American auto industry’s youngest and highest-ranking executives, General Motors’ chief financial officer (CFO) Dhivya Suryadevara, found a new opportunity on Tuesday for Silicon Valley and the technology sector, where she was named CFO of Stripe. Suryadevara’s journey from the Midwest to California shows the chasm between old school manufacturing and new-age tech. […]
