General Motors to sell closed South Korean plant for nearly $100 million

General Motors

South Korean auto parts maker Myoungshin prepares to purchase General Motors’ car factory located in the southwestern city of Gunsan for 113 billion won ($99.9 million), Myoungshin’s parent firm stated in a regulatory filing. Myoungshin, a unit of MS Autotech, stated it will purchase the land and buildings of the GM facility to go after […]

General Motors to invest $2.7 billion in Sao Paulo, Brazil factories

General Motors

General Motors stated on Tuesday it would spend $2.7 billion in two Brazilian factories during the next five years, sparing them from a shakeup of the car manufacturer’s operations, a decision hailed by the governor of Brazil’s largest state. Sao Paolo state Governor Joao Doria informed a joint news conference with GM executives that the […]

UAW increases strike pay ahead of bargaining

United Automobile Workers (UAW)

The United Auto Workers is boosting strike pay to $250 weekly from $200 ahead of the union’s collective-bargaining effort with the Detroit automakers later this year. The $50 rise, declared by UAW President Gary Jones Monday at the union’s bargaining convention at Cobo Center, is effective from March this year. Beginning in January, strike pay […]

General Motors gets $2.8 million for energy savings at Flint plants

General Motors

Consumers Energy has awarded General Motors $2.8 million for energy-saving upgrades at the company’s Flint plants. The automaker has finished 21 projects in 2018 at its Flint Assembly operation, consisting of a new energy-efficient body shop and building-wide lighting upgrades. Consumers Energy senior vice president Brian Rich states the automaker “has made a commitment to […]

GM sued by UAW for their decision to end production at U.S. plants

United Automobile Workers (UAW)

The United Auto Workers union on Tuesday submitted suit against General Motors concerning its decision to end production at three U.S. auto plants, saying it breached a 2015 collective bargaining agreement. The suit submitted in U.S. District Court in Ohio said GM’s choice to end production at three plants in Michigan, Ohio and Maryland declared […]