General Motors’s CEO Mary Barra stated on Thursday she expects electric automaker Tesla Inc to be around in the next 10 years, regardless of Tesla’s troubles with turning around its operations. It is “highly possible” GM would be rivaling against Tesla over the next decade, Barra stated at the DealBook conference in New York when
General Motors supports an yearly increase in fuel-efficiency standards based on “historic rates” instead of tough Obama era rules or a Trump administration proposal that would freeze requirements, as per a federal filing made public on Monday. The largest U.S. automaker stated the Obama rules that aimed to increase fleetwide fuel efficiency to over 50
Shares in luxury automaker Aston Martin dropped as much as 6.5 percent on their market launch in London on Wednesday as investors and analysts raised issues over its ability to provide an ambitious roll-out of new models. The company, which last year made its first profit since 2010 and has gone bankrupt no less than
General Motors’ joint venture in China, Shanghai GM, is going to recall over 3.3 million Buick, Chevrolet and Cadillac vehicles from October 20 due to a defect with the suspension system, China’s market regulator stated on Saturday. The recall consists cars produced between 2013 and 2018, the State Administration for Market Regulation stated. GM will
General Motors is recalling 1.205 million pickup trucks and sport utility vehicles globally because of the issues with a temporary loss of power steering, the U.S. automaker stated on Thursday. The recall concerns certain 2015 Chevrolet, GMC and Cadillac pickup trucks and SUVs, and consists of 1.02 million vehicles in the United States. GM spokesman
General Motors has warned that higher tariffs on imported automobiles under consideration by the Trump administration could cost jobs and result in “a smaller GM” while isolating U.S. businesses from the international market. The administration in May started an investigation into whether imported vehicles pose a national security threat, and U.S. President Donald Trump has
General Motors has agreed to move its Vietnamese operation to VinFast Trading and Production LLC and distribute Chevrolet vehicles through the local automaker, in a move that could assist drive up its modest sales in the country. The U.S. automaker will move full ownership of its Hanoi factory to VinFast for the Vietnamese company to
Canada’s trade minister previous week met senior officials from General Motors and Fiat Chrysler Automobiles NV in Detroit, as Ottawa takes its lobbying effort straight to the Big Three automakers to avert possible U.S. auto tariffs. The Liberal government is depending on industry partners to push Canada’s cause in the White House and others, using
Ford Motor and Daimler AG are winding down a joint venture established to develop automotive fuel cell technology, Ford stated on Wednesday, as both automakers prepare to take their concerning fuel cell technology development in-house. The Automotive Fuel Cell Cooperation Corp venture, formed in Burnaby, British Columbia, will shut down this summer, Ford stated in
The new CFO of General Motors General Motors stated on Wednesday Dhivya Suryadevara, presently vice president of corporate finance, is going to succeed Chuck Stevens on September 1 as chief financial officer of the leading automaker in the US. Suryadevara, 39, has played an remarkable role in some major deals GM has made as it
General Motors CEO Mary Barra stated on Tuesday the No. 1 U.S. automaker at present has no projects underway with ride-sharing company Lyft, where it is holding 9 percent stake. Competing automaker Ford Motor stated last year it will work with Lyft to deploy large amount of Ford self-driving vehicles on Lyft’s network by 2021.
General Motors will provide advanced batteries to Japan’s Honda Motor, the companies stated Thursday, a move that could apparently reduce the expense of future electric vehicles at both automakers after 2020. The automaker stated the new batteries, which it has branded EME 1.0 and first described last fall, will be smaller than present EV batteries,
General Motors agreed to settle a lawsuit submitted by a motorcyclist involved in a minor crash among its self-driving cars in San Francisco late last year, the U.S. automaker stated on Friday. Oscar Nilsson sued GM in U.S. District Court in January for negligence over a December last year crash in which he was injured.
Fresh off a $7 billion rescue for its loss-making South Korean operation, General Motors is dealing with a new threat as U.S. President Donald Trump thinks about higher vehicle import tariffs that could “make or break” its Asian subsidiary. Previously this month GM agreed on the bailout package with the South Korean government in return
Shares of General Motors and Ford Motor moved only marginally higher before the bell on Thursday following the Trump administration launch of a national security investigation into car imports which could result in new tariffs on foreign rivals while also stirring trade tensions. Washington stated on Wednesday it will open a so-called Section 232 investigation