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General Motors board approves another $6 billion share repurchase as the automaker gains momentum

General Motors board approves another $6 billion share repurchase as the automaker gains momentum

Wed, Jun 12, 2024

GM, which announced in April that it was moving its Detroit headquarters to a new downtown office building next year, in January raised its dividend to 12 cents per share from the previous 9 cents per share.

General Motors results beat targets, forecast raised, shares jump

General Motors results beat targets, forecast raised, shares jump

Wed, Apr 24, 2024

Michigan-based GM boosted its adjusted pre-tax profit projection for the year to $12.5 billion to $14.5 billion, from its previous range of $12 billion to $14 billion.

GM recalling 820,000 pickup trucks for tailgate issue

GM recalling 820,000 pickup trucks for tailgate issue

Sun, Mar 03, 2024

The recall covers about 570,000 trucks in the United States and 250,000 in Canada.

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SoftBank joins GM in self-driving car push; GM shares soar

Thu, May 31, 2018

SoftBank Group Corp will invest $2.25 billion in General Motors Co`s autonomous vehicle unit Cruise, the companies said on Thursday, a deal that validates the venerable Detroit automaker`s leadership in self-driving cars and sent GM shares up more than 10 percent.

Trump's auto tariff plan threatens GM's $7 billion South Korea rescue

Trump's auto tariff plan threatens GM's $7 billion South Korea rescue

Wed, May 30, 2018

Fresh off a $7 billion rescue for its loss-making South Korean operation, General Motors faces a new threat as U.S. President Donald Trump considers higher vehicle import tariffs that could "make or break" its Asian subsidiary.

General Motors to cut more than 1,000 US jobs tied to small cars

General Motors to cut more than 1,000 US jobs tied to small cars

Sat, Apr 14, 2018

The cuts will affect GM's factory in Lordstown, Ohio, where the biggest US automaker produces the Chevrolet Cruze. Sales of the vehicle have dropped 32 per cent in the last four years, the company said, part of a broader trend in the US that has seen consumers ignore small cars in favour of sports utility vehicles and larger "crossover" cars amid low gasoline prices and a recovering economy

General Motors says S.Korean unit will file for bankruptcy if no union concessions by April 20

General Motors says S.Korean unit will file for bankruptcy if no union concessions by April 20

Tue, Mar 27, 2018

General Motors said its loss-making South Korean operations would file for bankruptcy if its union did not agree to cut labour costs by April 20, heaping pressure on workers and the South Korean government to swiftly agree a rescue plan. The U.S.

Ford Motor's 2017 profit misses Wall Street estimates

Ford Motor's 2017 profit misses Wall Street estimates

Wed, Jan 17, 2018

Ford`s highly profitable F-series large pickup franchise will face aggressive challenges from GM and Fiat Chrysler Automobiles NV as those rivals crank up their own respective production of new generations of large pickups.

Global carmakers to invest at least $90 billion in electric vehicles

Global carmakers to invest at least $90 billion in electric vehicles

Tue, Jan 16, 2018

That money is pouring in to a tiny sector that amounts to less than 1 percent of the 90 million vehicles sold each year and where Elon Musk`s Tesla Inc, with sales of only three models totaling just over 100,000 vehicles in 2017, was a dominant player.

GM to equip newer cars with in-dash e-commerce technology

GM to equip newer cars with in-dash e-commerce technology

Tue, Dec 05, 2017

GM`s Marketplace technology, developed in collaboration with International Business Machines will be uploaded automatically to about 1.9 million model-year 2017 and later vehicles starting immediately, with about 4 million vehicles across the Chevrolet, Buick, GMC and Cadillac brands equipped with the capability in the United States by the end of 2018, GM said.

Fiat Chrysler CEO says in talks with Hyundai on tech partnership

Fiat Chrysler CEO says in talks with Hyundai on tech partnership

Sun, Dec 03, 2017

FCA is often the subject of merger speculation, especially after its unsuccessful 2015 attempt to tie up with larger U.S. rival GM. Its share price jumped to record highs in August after reports of interest from China and Hyundai.

Factbox: Automakers get serious about electric cars

Factbox: Automakers get serious about electric cars

Fri, Nov 17, 2017

Europe`s largest carmaker by unit sales will spend more than 34 billion euros ($40 billion) on electric cars, autonomous driving and new mobility services by the end of 2022.

MG Motor completes takeover of Halol plant from GM

MG Motor completes takeover of Halol plant from GM

Wed, Sep 27, 2017

MG Motor which announced plans to enter the Indian market said that it had completed the acquisition of GM's Halol plant in Gujarat.

Hyundai Motor to launch electric vehicle with 500 km range after 2021

Hyundai Motor to launch electric vehicle with 500 km range after 2021

Thu, Aug 17, 2017

Battery-powered cars offered by the likes of Tesla are gaining traction faster than fuel cell vehicles backed by Hyundai Motor and Toyota Motor Corp.

Why SAIC Motor's cars could be out in India earlier thanks to takeover of GM's Halol plant

Why SAIC Motor's cars could be out in India earlier thanks to takeover of GM's Halol plant

Thu, Jul 06, 2017

SAIC Motor will take over GM India's Halol plant in Gujarat which had shut down operation in April this year.

General Motors dealers to face losses up to Rs 15 crore each; after-sales service may be impacted

General Motors dealers to face losses up to Rs 15 crore each; after-sales service may be impacted

Wed, Jun 28, 2017

General Motors dealers to face huge losses due the investment that they have put into the business and have been protesting due to the poor compensation.

General Motors to face a messy divorce as dealers threaten class action law suit

General Motors to face a messy divorce as dealers threaten class action law suit

Tue, Jun 27, 2017

Over 100 dealers of General Motors India protested today in New Delhi against the poor compensation package they were receiving from the company over its exit from the Indian market.

General Motors' dealerships, employees to hold protest in Delhi tomorrow

General Motors' dealerships, employees to hold protest in Delhi tomorrow

Mon, Jun 26, 2017

GM dealers and their employees will protest as a result of the huge losses and job losses to them as a result of the company's decision to exit the Indian market announced last month.

Chevrolet sales slump to a multi-year low following GM's India exit announcement

Chevrolet sales slump to a multi-year low following GM's India exit announcement

Mon, Jun 19, 2017

General Motors' Chevrolet brand saw its worst sales in May in over several years since it entered the Indian market which was sparked by its exit announcement.

JLR partners with Lyft for self-driving cars; invests $25 million in ride-hailing firm

JLR partners with Lyft for self-driving cars; invests $25 million in ride-hailing firm

Mon, Jun 12, 2017

JLR joins several other automobile companies that are partnering with ride-hailing companies in the development of autonomous driving cars today.

General Motor's separation offer to Indian employees to close this week

General Motor's separation offer to Indian employees to close this week

Sun, Jun 11, 2017

General Motors, which has decided to stop selling vehicles in the Indian market from year-end, has given its employees here less than a month to opt for a voluntary separation scheme (VSS) as it starts winding down operations in the country.

Ford replaces CEO Mark Fields with James Hackett as challenges mount

Ford replaces CEO Mark Fields with James Hackett as challenges mount

Mon, May 22, 2017

Ford Motor Co on Monday announced replacing present chief executive officer (CEO) Mark Fields with James Hackett on account of growing concerns among investors over the US carmaker`s stock performance and prospects.

Prices of Chevrolet cars see 5% drop in resale market after GM exit announcement

Prices of Chevrolet cars see 5% drop in resale market after GM exit announcement

Sat, May 20, 2017

A day after General Motors (GM) announced to exit from India's auto market on Thursday, the prices of its Chevrolet cars recorded 5% decline in the country's resale market.

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