General Motors News Updates

GovernmentBusinessLogistics

Taking in Just $70 a Day, Lordstown GM Plant Savior Workhorse Is in Trouble

Now more than ever, Workhorse looks more like Lordstown’s lottery ticket than a savior to be taken seriously. While it’s hard to imagine at this juncture the company having the capital needed to get GM’s factory humming again, it has a ray of hope to point to: a potentially lucrative contract to build next-generation mail trucks for the U.S. Postal Service.

August 6, 2019
Business

GM Profit Beats Estimates as Trucks Make Up for Slower Sales

General Motors Co. is looking like a port in the storm as new trucks and cost-cutting efforts pad profit in the midst of slowing industry sales.

August 1, 2019
BusinessTechnologyAutonomous

GM Cruise Robotaxi Debut Delayed

General Motors Co.’s self-driving unit is backing off plans to deploy robotaxis by the end of this year, the latest indication of how auto and tech companies are struggling with the challenges of taking humans out from behind the wheel.

July 24, 2019
BusinessTechnology

GM Chinese Ally SAIC Braces for First Decline in Annual Sales in 14 Years

SAIC Motor Corp. expects annual sales to fall for the first time in at least 14 years as China’s biggest automaker battles through a slump in demand roiling the world’s largest car market, according to people familiar with the matter.

July 19, 2019
Business

Car Plant Closings, Corruption Color Detroit Three-UAW Talks

On one side of the bargaining table will be union brass angry about plant closures and embarrassed by scandal. On the other will be auto executives sweating shrinking sales and risky billion-dollar bets to survive an era of disruption.

July 15, 2019
GovernmentBusinessLogistics

GM Won’t Get Tariff Relief for Chinese-Built Buick Envision

The largest U.S. automaker can’t get a pass on tariffs snagging one of its models. The Trump administration refused to grant General Motors Co. an exclusion for its Chinese-built Buick Envision SUV, keeping in place a 25% duty on the import.

June 5, 2019
BusinessTechnologyLogistics

Tesla’s Secret Source of Cash Unmasked as GM and Fiat Chrysler

General Motors Co. and Fiat Chrysler Automobiles NV disclosed to the state of Delaware earlier this year that they reached agreements to buy federal greenhouse gas credits from Tesla.

June 3, 2019
GovernmentBusinessEquipmentLogistics

GM, Ford Slip as Auto Sector Hit by Trump’s Mexico Threat

U.S. automakers and parts suppliers were among the sectors hit hardest in early trading May 31 after President Donald Trump’s threat to impose a tariff of up to 25% on Mexican goods. General Motors Co. and Ford Motor Co. each fell more than 3%.

May 31, 2019
GovernmentBusinessLogistics

UAW Says GM Dismissed Concessions Before Idling Cruze Plant in Ohio

Three weeks after employees at the Lordstown General Motors Co. compact car plant assembled their last Chevrolet Cruze, employees are filing into the United Auto Workers Local 1112 hall to sign up for unemployment benefits and try to figure out if they should take a transfer to another GM plant or wait it out.

March 29, 2019
GovernmentBusinessTechnologyTCA

GM to Invest $300 Million, Create 400 Jobs at Michigan Plant

General Motors Co. will invest $300 million in its Orion Township. Mich., assembly plant, a move that will create 400 jobs in suburban Detroit.

March 22, 2019