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 […]

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 […]

Michigan governor Whitmer allows manufacturers to reopen on May 11

Detroit Michigan

Michigan Governor Gretchen Whitmer on Thursday stated the state’s factories can resume on May 11, removing one of the last significant obstacles to North American automakers bringing thousands of laid-off workers back to work while the coronavirus continues to spread. While resume the manufacturing sector, Whitmer also extended her state’s stay-at-home order by about two […]

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 says ventilators ready for delivery in the US

general motors

General Motors has started mass production of the Ventec Life Systems V+Pro critical care ventilator to fight the coronavirus pandemic. The task is being carried out under contract to the US Department of Health and Human Services. In less than a month, Ventec, GM’s supply chain and its manufacturing, logistics, legal, and talent acquisition groups […]

General Motors starts production of ventilators for U.S. government

General Motors

General Motors stated on Tuesday it had started producing ventilators in the volume required to treat severely ill coronavirus patients and would make deliveries of the first batch of the medical equipment to the U.S. government this month. The U.S. Department of Health and Human Services (HHS) has awarded nine contracts amounting to almost $2.6 […]

General Motors, Philips to supply 73,000 ventilators to U.S. in $1.1 billion effort

General Motors

The U.S. Health and Human Services Department (HHS) on Wednesday awarded two contracts worth over $1 billion to make ventilators required to treat severely sick coronavirus patients and prepares to declare five more contracts later this week. HHS awarded automaker General Motors a contract for $489 million to produce 30,000 ventilators, while it also declared […]

Fiat Chrysler, GM try discounts, online buying to lift declining U.S. sales

car sales online

With auto showrooms closing because of the coronavirus pandemic, Fiat Chrysler and General Motors moved to reboot demand with seven-year, no-interest loans and programs permitting customers to purchase vehicles online. Fiat Chrysler Automobiles NV’s new “Drive Forward” marketing program consists of online shopping tools that will for the first time let U.S. consumers to finish […]

Trump invokes Defense Production Act but GM says it’s already moving fast

general motors

About eleven days ago, American automaker General Motors put hundreds of employees on an urgent project to build breathing machines as hospitals and governors pleaded for more following the spread of the coronavirus pandemic. But President Donald Trump, said the company wasn’t moving fast enough, on Friday invoked the Defense Production Act, which allows the government broad authority to direct […]

General Motors agrees to $120 million settlement over ignition suits

General Motors

General Motors has accepted to a $120 million settlement over defective ignition switches that allegedly caused cars to stall and air bags to deploy, and in some cases triggering deadly accidents. The deal, which must be authorized by a judge, would resolve hundreds of lawsuits filed before the American automaker sought bankruptcy protection in 2009. Under the settlement, […]