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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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General Motors exits India: 10 key things to know

General Motors exits India: 10 key things to know

Thu, May 18, 2017

GM's exit from the Indian domestic market will lead to 400 employees losing their jobs in the country.

GM exits India: Are you a Chevrolet car owner? Find out what happens to your car's servicing

GM exits India: Are you a Chevrolet car owner? Find out what happens to your car's servicing

Thu, May 18, 2017

GM will stop selling its cars in the Indian market from December 31, 2017 but says that it will provide after sales service to all its customers.

General Motors to stop selling cars in India; exports to continue

General Motors to stop selling cars in India; exports to continue

Thu, May 18, 2017

GM will exit the Indian market, although it will continue production for exports to other countries.

Volkswagen leaves door open on tie-up as VW brand struggles

Wed, Mar 15, 2017

But any tie-up would also likely mean thousands of job losses that unions and politicians in Italy and Germany would strongly oppose.

General Motors to lay off over 1000 workers in US

General Motors to lay off over 1000 workers in US

Tue, Mar 07, 2017

The Detroit-headquartered company is eliminating the third shift at its Lansing Delta Township plant which makes three SUVs built on the same platform -- the Chevrolet Traverse, the Buick Enclave and the GMC Acadia.

There is nothing to 'Enjoy' about a zero star safety score for Chevrolet, says Global NCAP

There is nothing to 'Enjoy' about a zero star safety score for Chevrolet, says Global NCAP

Mon, Mar 06, 2017

There is nothing to enjoy about a zero star safety score and GM should be embarrassed that they are selling cars with such inadequate levels of occupant protection to Indian consumers," said David Ward, Secretary General of Global NCAP

Peugeot to announce deal buy GM's Opel on Monday

Peugeot to announce deal buy GM's Opel on Monday

Sat, Mar 04, 2017

By acquiring Opel, PSA Group which owns Peugeot, Citroen and DS cars will leapfrog to become the second largest carmaker in Europe after Volkswagen.

Ford sees big Russia gamble vindicated as sales finally turn corner

Ford sees big Russia gamble vindicated as sales finally turn corner

Mon, Feb 20, 2017

The Russian market is "starting to turn", Ford CEO Mark Fields told Reuters last week, promising to stand by the company`s investments in Russia. "Our intent is to build on that."

General Motors plans to build, test thousands of self-driving Bolts in 2018: sources

General Motors plans to build, test thousands of self-driving Bolts in 2018: sources

Sat, Feb 18, 2017

It is expected to be the largest such test of fully autonomous vehicles by any major automaker before 2020, when several companies have said they plan to begin building and deploying such vehicles in higher volumes. Alphabet Inc`s Waymo subsidiary, in comparison, is currently testing about 60 self-driving prototypes in four states.

General Motors in talks to sell European auto business to Peugeot

General Motors in talks to sell European auto business to Peugeot

Wed, Feb 15, 2017

In a move that could shake up the global auto industry, General Motors Co and French automaker PSA Group said on Tuesday they are in talks that could result in PSA buying GM`s European auto operations.

Auto CEOs want Trump to order review of 2025 fuel rules

Auto CEOs want Trump to order review of 2025 fuel rules

Mon, Feb 13, 2017

The chief executives of 18 major automakers and their U.S. units urged President Donald Trump to revisit a decision by the Obama administration to lock in vehicle fuel efficiency rules through 2025.

General Motors says to invest additional $1 billion in US

General Motors says to invest additional $1 billion in US

Tue, Jan 17, 2017

General Motors Co said on Tuesday it would invest an additional $1 billion (nearly Rs 6,652.8 crore) in its US factories, moving some production from Mexico.

GM gives robust '17 profit outlook, boosting shares

GM gives robust '17 profit outlook, boosting shares

Thu, Jan 12, 2017

No. 1 U.S. automaker General Motors Co on Tuesday gave an upbeat profit outlook for 2017 that was significantly above Wall Street forecasts, countering analysts’ concerns that the U.S. car industry peaked in 2016 after several years of record or near-record sales, sending its shares up nearly 4 percent.

GM signals no change of plans despite Trump criticisms

GM signals no change of plans despite Trump criticisms

Wed, Jan 11, 2017

Leaders of the big three US auto makers have all spoken at the Detroit auto show about how President-elect Trump might impact the industry, but the third, from GM, offered the most business-as-usual message.

Volkswagen to keep Mexico factories, executive says

Volkswagen to keep Mexico factories, executive says

Mon, Jan 09, 2017

The head of the Volkswagen (VW) brand of cars said his company would continue to manufacture in Mexico and pledged to produce electrified vehicles in the United States (US).

China fines General Motors' unit $29 million for 'price-fixing'

China fines General Motors' unit $29 million for 'price-fixing'

Sat, Dec 24, 2016

Beijing has fined the Chinese unit of General Motors (GM) nearly $29 million for "infringing on the rights of consumers and its competitors" via price-fixing, Shanghai authorities said.

General Motors to shut five US plants temporarily in January

General Motors to shut five US plants temporarily in January

Tue, Dec 20, 2016

General Motors (GM) plans to temporarily shut five US manufacturing plants in January in response to lower demand, a spokeswoman said on Monday. The biggest US automaker will shutter the plants for one to three weeks at the start of the year.

China's auto sales peak in November: Group

China's auto sales peak in November: Group

Mon, Dec 12, 2016

Auto sales in China, the world`s biggest car market and crucial to manufacturers worldwide, reached a new peak in November, data from an industry group showed on Monday.

Japan's Honda ties up with ride-hailing service Grab

Japan's Honda ties up with ride-hailing service Grab

Mon, Dec 12, 2016

Southeast Asian ride-hailing service Grab disclosed on Monday that Japan`s Honda Motor Company had invested in the firm, as part of a $750 million funding announced previously, to collaborate on motorbike-hailing services.

US auto sales fall in October as boom slows

US auto sales fall in October as boom slows

Wed, Nov 02, 2016

US auto sales fell in October, in a fresh sign of slowing in the industry as American automakers struggle to maintain recent high levels of demand.

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