General Motors, Ford turn to fast-payment programs to aid suppliers

Ford and General Motors

General Motors and Ford Motor are utilizing fast-payment programs set up with financial lenders to help cash-strapped small suppliers survive production shutdowns caused by the spread of the coronavirus pandemic. Keeping small suppliers afloat financially is important for the automakers as they try to resume North American factories and generate cash from sales of large […]

GM delays resuming second shift at three North American truck plants

General Motors

General Motors is postponing the resumption of second shifts at truck assembly plants located in Michigan, Indiana and Mexico due to a lack of parts from Mexico, a person knowledgeable about the matter said. The automaker, which restarted production on Monday after suspending operations in March due to the spread of the coronavirus pandemic, will […]

General Motors is ‘almost there’ on million-mile electric vehicle battery

General Motors

General Motors is “almost there” on developing an electric vehicle battery that will last one million miles, a top executive stated on Tuesday. The automaker is working on next-generation batteries as well which are even more advanced than the new Ultium battery that it revealed in March, according to GM Executive Vice President Doug Parks, […]

General Motors’ Cruise cuts jobs due to coronavirus crisis

GM Cruise Automation

General Motors’ self-driving car unit Cruise automation told staff on Thursday it has decided to lay off workers, the recent start-up in the nascent industry to slash jobs due to coronavirus crisis. Cruise officials acknowledged they were cutting jobs, but refused to confirm the number. According to an internal email partially read to Reuters, about […]

General Motors Korea to cut output of SUV as coronavirus hits U.S. exports

General Motors

General Motors’ South Korean unit prepares to significantly cut output this month at a factory producing its new Trailblazer sport-utility vehicle (SUV), as the coronavirus pandemic weighs on its U.S. exports and also disrupts parts supplies. GM Korea is responsible for providing some of automaker’s small SUVs to the U.S. market to meet a consumer […]

General Motors and SAIC’s China sales made recovery in April

SAIC Motor

General Motors’ sales in China saw double-digit year-on-year increase in April, its two local ventures stated on Sunday, as the world’s biggest auto market made recovery from the coronavirus. GM’s joint venture with SAIC Motor, which manufactures Buick, Chevrolet and Cadillac vehicles, stated its sales in China increased 13.6% compared to a year earlier. It […]

General Motors is not a target in UAW corruption probe, says US Attorney’s office

General Motors

US automaker General Motors is not a target in the Justice Department’s probe into corruption within the United Auto Workers union, the U.S. Attorney’s Office in Detroit stated on Friday. GM said earlier Friday that media reports claiming that GM might be a focus of a newer front in the years long criminal investigation being carried […]

General Motors, Ford and Fiat target May 18 restart date in the US

Detroit Three automakers, General Motors, Ford Motor, Fiat Chrysler Automobiles

General Motors, Ford Motor and Fiat Chrysler Automobiles are targeting May 18 to restart some production at their U.S. plants after shutting down plants in March because of the spread of the coronavirus, the Wall Street Journal reported. Executives from the companies in recent times tentatively settled on the timeline after talks with the leaders […]

General Motors ignition switch settlement wins U.S. court approval

General Motors

General Motors on Thursday won preliminary American court approval of a $120 million settlement with vehicle owners who said faulty ignition switches caused their vehicles to lose value. U.S. District Judge Jesse Furman in Manhattan granted approval at a hearing which was conducted by phone. The accord would resolve the last major piece of litigation […]