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 […]