GM recalling hundreds of thousands of trucks after reports of fires

General Motors

General Motors stated Friday it is recalling 368,000 medium- and heavy-duty diesel trucks geared up with engine-block heaters for fire risks after 19 reports of fires. The recall covers some 2019 Chevrolet Silverado 4500, 5500 and 6500 trucks, 2017-2019 Chevrolet Silverado and GMC Sierra 2500 and 3500 trucks geared up with Duramax 6.6-liter diesel engines […]

Lyft elevates General Motors first-quarter profit

General Motors

General Motors on Tuesday reported a higher-than-expected quarterly profit, raised by revaluations of shares it owns in ride-hailing company Lyft Inc and France’s Peugeot SA. Excluding the advantages of those revaluations, GM provided outcomes in line with analyst predictions, driven mainly by highly lucrative pickup truck sales in the U.S. market. The earnings came after […]

Cadillac brand points to strong growth in China, according to GM

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General Motors’ luxury Cadillac brand is taking advantage from strong growth in China, the American automaker stated at a conference on Wednesday in New York. GM Cadillac President Steve Carlisle stated that Cadillac would broaden its network of dealers to 500 in China by 2025. The U.S. automaker will introduce a new product every 6 […]

GM, Ford and Toyota join to advance self-driving innovation

Ford self-driving cars

Three major automakers stated on Wednesday they were establishing a consortium to help draw up safety standards for self-driving vehicles that could eventually help forming regulations in the United States. General Motors, Ford Motor and Toyota Motor stated they were joining forces with automotive engineering group SAE International to form autonomous vehicle “safety guiding principles […]

U.S. March and quarter one auto sales drop in weak start to this year

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Significant automakers on Tuesday reported weak U.S. sales for March and the first quarter, mentioning a rough start to the year, but stated a robust economy and strong labor market should support consumers to purchase more vehicles as 2019 rolls on. Passenger-car sales had a hard time throughout the January-March quarter compared with the same […]

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 […]