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 […]

Ford makes face masks, face shields in the UK to allow workers in Europe to work safely

Ford logo in their auto plant

Ford Motor is producing face masks in the U.K. and face shields at other Ford plants in Europe as part of initiatives to provide a safe working environment for workers performing essential roles at Ford facilities in Europe during the COVID-19 coronavirus crisis.  Production of personal protective equipment is currently underway at Ford centers in […]

Auto suppliers warn Michigan on new delays in restarting production

Detroit Michigan

Major U.S. auto suppliers informed Michigan Governor Gretchen Whitmer they are ready to resume production and raised alarm about new delays to restarting operations. Following the spread of the coronavirus, most auto suppliers stopped operations in late March as automakers shut down their factories. Now uncertainty regarding when Michigan will permit the resumption of operations is causing […]

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 […]

Tesla’s market value falls significantly after controversial tweet by Elon Musk

Elon Musk

A sort of bloodbath has been observed for Tesla stock as billions of dollars were just got wiped off after its CEO Elon Musk tweeted that the automaker’s stock was “too high”. Tesla stock declined over 10 percent and its valuation declined by almost $9 billion after Musk’s tweets in reminiscence of his controversial tweets in August 2018 when […]

Tesla posts its third quarterly profit, Elon Musk calls lockdowns ‘fascist’

Elon Musk

Tesla Inc’s CEO Elon Musk on Wednesday called sweeping U.S. stay-at-home restrictions imposed for reducing the spread of the coronavirus outbreak as “fascist” as the electric automaker posted its third quarterly profit in a row. These comments might have overshadowed an otherwise successful quarter that took many investors by surprise as automaker’s rivals have been […]

Tesla cancels plans to bring workers back to the US plant for now

Tesla Inc logo

Tesla has reversed course and canceled requests to bring employees back to production lines in Fremont, California, this week. According to CNBC, Tesla asked dozens of furloughed workers last Friday, and during the weekend, to return on Wednesday, April 29 to resume production in Fremont. According to the new sent Monday and distributed on some internal […]

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 […]