October 27, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    Nikola Motor Company

    Nikola shares rise as General Motors executive backs deal

    Shares of Nikola increased almost 10% on Wednesday after a General Motors executive said they still see potential in a partnership with the electric and hydrogen truck startup and discussion on a deal continues. “We are continuing discussions,” GM President Mark Reuss said during a conference call. A partnership with Nikola presents a big opportunity for […]

    General Motors
    General Motors

    General Motors invests $2 billion in Tennessee plant

    General Motors said Tuesday it will make an investment of about $2 billion in its Spring Hill, Tennessee, assembly plant for producing the new Cadillac Lyriq electric SUV. The announcement comes on the same day that the automaker talked about unveiling another new long-range battery-electric vehicle, the GMC Hummer. The automaker plans to have “20 […]

    General Motors
    General Motors and Fiat Chrysler Automobiles

    General Motors seeks reinstatement of racketeering case against Fiat Chrysler

    General Motors on Tuesday filed an appeal with the 6th Circuit Court of Appeals in Cincinnati, seeking reinstatement of its racketeering lawsuit against Fiat Chrysler Automobiles (FCA). GM took legal action against FCA last year charging the Italian-American automaker with bribing officials of the United Auto Workers (UAW) union in order to gain advantages in […]

    Chrysler , Fiat , General Motors
    Goldman Sachs

    Goldman to buy General Motors’ credit card unit for $2.5 billion

    Goldman Sachs Group is buying General Motors’ credit card business for about $2.5 billion, the Wall Street Journal reported on Thursday, citing people knowledgeable with the matter. The Wall Street bank won the bidding for the deal over Barclays Plc, the report said. The American automaker’s credit card issuer Capital One Financial and Goldman have […]

    General Motors
    General Motors

    General Motors continuing discussions with Nikola on alliance deal

    General Motors and Nikola Corp are yet to finalize their deal to jointly build electric pickup trucks and hydrogen fuel cell tractor-trailers, one day ahead of the date targeted, and are continuing discussions, GM said. “Our transaction with Nikola has not closed,” GM spokeswoman Juli Huston-Rough said. “We are continuing our discussions with Nikola and […]

    General Motors
    Nikola Motor Company

    General Motors, Bosch stick with Nikola alliances despite Milton’s exit

    General Motors and Bosch said on Monday they were sticking to their alliances with Nikola Corp after the executive chairman of the electric and fuel cell truck startup stepped down following allegations of fraud. Nikola founder Trevor Milton, whose company become a well known in the stock market over the summer, resigned as executive chairman […]

    General Motors
    General Motors

    General Motors not interested in ‘short-term pop’, says CEO

    General Motors CEO Mary Barra said on Monday that worldwide vehicle demand was recovering from declines caused by the coronavirus crisis, but added she would not take any short-term actions to increase GM’s stock at the expense of its long-term strategy. “We are encouraged about the recovery we are seeing in most of our markets,” […]

    General Motors
    General Motors

    General Motors and Honda to jointly develop vehicles in North America

    General Motors and Honda Motor on Thursday revealed plans to team up in North America to make a series of vehicles, deepening their ties as the auto industry comes under more pressure to share technology and costs to meet demands for cleaner automobiles. Under the alliance, both automakers said, they intend to share common vehicle […]

    General Motors , Honda
    general motors

    General Motors, Ventec deliver 30,000 ventilators to U.S. government

    General Motors and medical equipment maker Ventec Life Systems have made deliveries of 30,000 ventilators to the U.S. government during the coronavirus crisis, the automaker said on Tuesday. U.S. President Donald Trump had urged the American automakers as part of a broader push to secure over 130,000 ventilators by the end of 2020. The deliveries […]

    General Motors
    Ford and General Motors

    General Motors, Ford coronavirus ventilator projects close in on their finish lines

    General Motors and Ford Motor said on Tuesday they are close to finishing the production of ventilators ordered by the Trump Administration in response to an increase in coronavirus cases and are ramping down or exiting the operations. Many of the ventilators assembled by the companies have gone into a U.S. government stockpile as doctors […]

    Ford , General Motors
    General Motors

    General motors find big names for bidders for credit card business

    American investment bank Goldman Sachs is looking to purchase General Motors’ credit card unit as it looks to double down on its banking arm, the Wall Street Journal reported on Wednesday, citing people knowledgeable with the matter. Barclays is also one of the small numbers of bidders for the automaker’s credit card business, which has […]

    General Motors
    Dhivya Suryadevara

    General Motors CFO Suryadevara joins startup Stripe as CFO

    One of the American auto industry’s youngest and highest-ranking executives, General Motors’ chief financial officer (CFO) Dhivya Suryadevara, found a new opportunity on Tuesday for Silicon Valley and the technology sector, where she was named CFO of Stripe. Suryadevara’s journey from the Midwest to California shows the chasm between old school manufacturing and new-age tech. […]

    General Motors
    General Motors

    General Motors can pay off $16 billion loan if U.S. recovery continues

    General Motors on Wednesday said if the U.S. economy keeps showing recovery from the coronavirus crisis and the auto industry does not experience any more production shutdowns, then the automaker should be able to generate enough cash to pay off a $16 billion loan by the end of this year. “Obviously, it is still a […]

    General Motors
    SK Innovation

    Legal case of Korean battery providers to Ford and VW turns into a fight for jobs

    South Korea’s rival battery-makers LG Chem and SK Innovation, who are the suppliers to leading automakers such as Volkswagen, Ford and General Motors, are caught in a growing row in the United States as the quest to produce jobs complicates an ongoing legal fight. Last year, LG Chem took legal action against smaller rival SK […]

    Etc.
    General Motors and Fiat Chrysler Automobiles

    Federal judge dismisses General Motors’ lawsuit against Fiat Chrysler

    A federal judge on Wednesday dismissed a racketeering lawsuit General Motors (GM) had filed against rival Fiat Chrysler Automobiles NV (FCA), saying the biggest U.S. automaker’s alleged injuries were not caused by FCA’s alleged breaches. GM officials said that they “strongly disagree” with the order by U.S. District Court Judge Paul Borman, whom the automaker […]

    Chrysler , Fiat , General Motors

    If you're planning an Off-Road Adventure into the outback, as a minimum, you’ll need an air compressor. Be sure to read this guide to choose the best off road 12 volt air compressor.