Russia’s biggest automaker Avtovaz stated on Monday it would purchase out General Motors from their joint venture producing automobile in Russia under the Chevrolet brand, effectively finishing GM’s presence in car assembling in the country. Russia’s auto market was among Europe’s lead performers prior to the imposition of western sanctions in 2014 which, coupled with […]
General Motors
GM and LG Chem to build $2.3 billion electric vehicle battery plant
General Motors and South Korea’s LG Chem stated on Thursday they will invest $2.3 billion to construct an electric vehicle battery cell joint venture plant in Ohio, forming one of the world’s largest battery facilities. The plant, to be constructed near GM’s closed assembly plant located in Lordstown in northeast Ohio, will employ over 1,100 […]
Electric cars won’t go mainstream until we fix these problems, says GM president
Mark Reuss is president of General Motors, who has written the following lines ins his recent article: The automotive industry is hurtling toward a future that will modify the transportation just like the electricity changed how we light the world. Electric and self-driving vehicles will modify the automotive landscape forever — it’s only a question […]
General Motors’ electric pickup to hit dealer showrooms in 2021
General Motors’ first electric pickup truck model is set to go on sale in the fall of 2021, the company’s CEO, Mary Barra, stated. “General Motors understands truck buyers and … people who are new coming into the truck market,” Barra stated at an investor conference in New York on Thursday. “It will be a […]
Fiat Chrysler turns down General Motors lawsuit, sees Peugeot deal by year-end
Fiat Chrysler Automobiles NV on Thursday turned down a lawsuit from General Motors and stated it was sure about reaching a binding merger deal with Peugeot owner PSA Group by the end of 2019 to create the world’s fourth-largest automaker. General Motors submitted the lawsuit in the United States on Wednesday, accusing FCA of having […]
GM not liable for punitive damages in ignition switch cases says U.S. appeals court
A federal appeals court stated General Motors is not liable for punitive damages concerning accidents that took place after its 2009 bankruptcy and involved vehicles it produced previously, including vehicles with defective ignition switches. The 2nd U.S. Circuit Court of Appeals in Manhattan stated on Tuesday that GM did not accept to contractually assume liability […]
California to halt purchasing GM, Toyota and Chrysler vehicles over emissions fight
California stated on Monday it will stop all purchases of new vehicles for state government fleets from General Motors, Toyota, Fiat Chrysler and other automakers supporting U.S. President Donald Trump in a fight to strip the state of authority to regulate tailpipe emissions. Between 2016 and 2018, California bought $58.6 million in vehicles from General […]
General Motors recalls 638,000 U.S. SUVs
General Motors is recalling an estimated 638,000 U.S. sport utility vehicles and pickup trucks as a wheel-speed sensor could fail and cause unintended braking, it stated Thursday. The recall concerns 2015-2020 Chevrolet Suburban, Tahoe, and Yukon and 2014-2018 Chevrolet Silverado 1500 and GMC Sierra 1500 vehicles geared up with a 5.3-liter engine, a 3.08-ratio rear […]
GM, Fiat Chrysler and Toyota thanked by Trump on California emissions fight
U.S. President Donald Trump has thanked General Motors, Toyota Motor, Fiat Chrysler Automobiles and other significant automakers for “standing with” his efforts to block California from setting its own vehicle emissions regulations for cars and trucks. “California has treated the Auto Industry very poorly for many years, harming Workers and Consumers,” Trump tweeted. The automakers’ […]
Ex-governor criticizes GM for backing Trump on tailpipe emissions
Former California Governor Jerry Brown criticized General Motors Co on Tuesday for taking side with the Trump administration in its bid to block California from setting its own fuel efficiency and tailpipe emission regulations for passenger cars and trucks. “It’s really something at this very moment when California is burning that General Motors jumps on […]
GM, Toyota, Fiat Chrysler support Trump on California emissions challenge
Significant automakers are siding with the Trump administration in its bid to bar California from setting its own fuel efficiency rules or zero-emission requirements for vehicles, the companies stated in a filing with a U.S. appeals court late on Monday. The move by companies such as General Motors, Toyota Motor, Hyundai Motor, and Fiat Chrysler […]
40-day strike cost General Motors almost $3 billion
Only two weeks of a lengthy strike in opposition to General Motors happened in the third quarter, but that was enough to damage the company’s net profit by about $1 billion. The company has reported that its third-quarter net profit dropped 7% as a strike by the United Auto Workers (UAW) union brought its U.S. factories to a standstill. […]
General Motors strike to negatively impact U.S. October job growth
A strike by General Motors employees should weigh on U.S. job growth in October, government data revealed on Friday. The Labor Department’s monthly strike report revealed 46,000 General Motors workers were idle at the automaker’s plants in Michigan and Kentucky during the October payrolls count. Striking employees who do not receive a paycheck during the […]
Valeo’s sales up but it could be better if it weren’t for GM strike
French autoparts provider Valeo warned on Thursday that the General Motors strike was presently costing it around 160 million euros ($178 million) in sales and about 50 million euros in operating margin terms. Valeo made the forecast as it reported that its third-quarter revenue increased 8% to 4.77 billion euros. It also verified its 2019 […]
UAW reaches contract deal with 850 Aramark employees at GM plants
The United Auto Workers union on Thursday reached a tentative agreement for a new contract concerning 850 Aramark workers who work at General Motors plants located in Ohio and Michigan in maintenance, two sources briefed on the matter stated. The UAW did not want members to be forced to cross Aramark picket lines to return […]
