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: Mark Reuss to succeed Dan Ammann as president

General Motors

General Motors stated on Thursday that Mark Reuss would succeed Dan Ammann as president, effective immediately, as part of the automaker’s continued shift to electric and self-driving vehicles in North America and China. Reuss remains concentrated on rebuilding the Cadillac brand and streamlining automaker’s product development operations, while boosting the resources, mainly engineering hours, allocated […]

General Motors sticks to April 20 deadline for South Korea restructuring

Gunsan plant, General Motors, South Korea

General Motors’ president stated common ground must be reached on a long-term financial restructuring of the automaker’s South Korean auto unit by next Friday and if there has been none, the operation would likely look forward to bankruptcy protection. The automaker shocked the country in February with strategies to close one local plant and leaving […]

General Motors president says ‘shared sacrifice’ needed to fix South Korean operations

General Motors

General Motors President Dan Ammann stated on Monday the automaker’s troubled South Korean operations can be a “sustainable, successful business,” if unions and the South Korean government concur soon on a restructuring. GM has cautioned Korean officials the unit deals with a “cash crisis” in the first quarter without new financing. Almost 2 trillion won […]

General Motors plans self-driving cars in U.S. cities in 2019

general motors

General Motors set out its vision for self-driving vehicles on Thursday, informing investors it prepared a commercial launch of fleets of completely autonomous robo-taxis in several dense metropolitan environments in 2019, in a challenge to competitors such as Alphabet Inc’s Waymo. Highlighting the possible opportunity ahead, GM President Dan Ammann informed investors the lifetime revenue […]

Opel CEO Karl-Thomas Neumann says sale to PSA would start new chapter

Images of Opel GT

Acquisition of Opel, General Motors’ European arm, by France’s PSA Group would make good sense from a commercial perspective, the Bild am Sonntag paper reported, mentioning comments by Opel CEO Karl-Thomas Neumann in a letter to workers. “This is an opportunity to create a European champion and start a new and successful chapter in our […]

German minister Brigitte Zypries supports Peugeot-Opel deal after GM assurances

Brigitte Zypries

Germany expects PSA Group’s proposed acquisition of Opel to proceed, a minister stated on Thursday, after the United States automaker looked to ease fears of massive plant closures. “I expect it to take place,” Economy Minister Brigitte Zypries informed reporters after conversations with senior executives from General Motors and PSA, maker of Peugeot and Citroen […]

General Motors and Lyft expands their ride-sharing program

Lyft car sharing

Express Drive, the known car-rental service that is collectively operated by General Motors and Lyft, is pertaining to California and Colorado. From releasing in Chicago in March, the car-rental program focused on Lyft drivers, has broadened to Baltimore, Washington, DC, and Boston. Now it will introduce in San Francisco sometime this summertime, and then Los […]