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General Motors

General Motors to close plants, cut staff by 15%, faces criticism from Donald Trump

The automaker said it will close two assembly plants in the US and one in Canada, along with two others in as-yet-unidentified countries.

Nov 27, 2018, 08:58 AM IST

GM to cut car production in North America, halt some models: Source

Cost pressures on GM and other automakers and suppliers have increased as demand has waned for traditional sedans.

Nov 26, 2018, 21:08 PM IST

GM plants to cut 5,000 South Korean jobs, keep production at current level

The US automaker announced last month that it would shut down a factory in Gunsan, southwest of Seoul.

Mar 02, 2018, 15:45 PM IST

GM CEO promises profitable electric vehicles by 2021

The company aims to cut the cost of its lithium-ion batteries to less than $100 per kilowatt-hour from $145 per kilowatt-hour by 2021, which would bring the overall cost of electric vehicles much closer to comparable gasoline-engine models.

Nov 15, 2017, 23:50 PM IST

Wall Street hits new record as techs, autos rise

Eight of the 11 major S&P indexes were higher, led by technology and consumer discretionary sectors.

Oct 04, 2017, 00:01 AM IST

Nissan unveils new electric car in bid to drive off competition

The second-generation Nissan Leaf has a potential range of 400 kilometres (250 miles) between charges, compared with 250 kilometres for its previous version.

Sep 06, 2017, 15:40 PM IST

GM dealers plan class action suit over 'measly' compensation

Dealers of General Motors, which has decided to stop selling vehicles in India by year-end, are gearing up to drag the auto major to court while also exploring possibility of a class action suit in the US, over "measly" compensation.

Jun 08, 2017, 12:17 PM IST

General Motors to cut jobs in international HQ in Singapore -source

About 90 employees will leave the company by the end of June and 40 by the end of 2017.

May 25, 2017, 15:06 PM IST

General Motors ceases production at Halol plant

GM has been in talks with China's SAIC Motor Corporation to sell the plant.

Apr 28, 2017, 15:30 PM IST

GM plans to launch 10 electric cars in China by 2020

Beijing has the most aggressive electric car goals and is pressing global automakers to help develop the industry.

Apr 22, 2017, 17:18 PM IST

PSA pays GM $2.3 billion for Opel, sets first recovery goals

PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), creating a new regional car giant to challenge market leader Volkswagen.

Mar 06, 2017, 13:54 PM IST

GM falls out of love with Opel, sells it to Peugeot

PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), creating a new regional car giant to challenge market leader Volkswagen.

Mar 06, 2017, 12:56 PM IST

Toyota sold 10.2 million vehicles worldwide, fewer than VW

Toyota has relinquished the title of the world's biggest automaker, reporting on Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen's 10.31 million.

Jan 30, 2017, 13:27 PM IST

General Motors $1 billion plan for India put on hold

Struggling to make a turnaround in India, General Motors has put on hold its investments on new models for the country as the US auto major undertakes a full review of its future product portfolio here.

Jan 23, 2017, 11:08 AM IST

General Motors to announce $1 billion in US investment

General Motors Co will announce as early as Tuesday long-held plans to invest about $1 billion in its U.S. factories, following recent criticism of the company by President-elect Donald Trump, a person briefed on the matter told Reuters late on Monday.

Jan 17, 2017, 09:28 AM IST

Ford cancels $1.6 billion Mexican plant after Donald Trump criticism

Ford Motor Co said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory, after it had come under harsh criticism from President-elect Donald Trump for its Mexican investment plans. 

Jan 04, 2017, 00:20 AM IST

Chevrolet announces discounts worth up to Rs 1.12 lakh

Targeting potential customers ahead of the festive season, General Motors has announced special benefits and discounts worth up to Rs 1.12 lakh on its cars.

Sep 23, 2016, 12:08 PM IST

GM announces electric Chevrolet Bolt prices to Challenge Tesla

General Motors made the next big move in the global electric car space by announcing the price of the Chevrolet Bolt electric vehicle in the US at around Rs 20 lakh (under $30,000).

Sep 23, 2016, 09:06 AM IST

General Motors recalls 4.3 million vehicles over air bag-related defect

General Motors Co said on Friday it will recall nearly 4.3 million vehicles worldwide due to a software defect that can prevent air bags from deploying during a crash, a flaw already linked to one death and three injuries.

Sep 09, 2016, 23:41 PM IST

Car sales up 9.53% in August, Siam revises growth target for passenger vehicles

Domestic passenger vehicle sales grew for a 14th straight month in August with a 16.68 percent increase, promoting auto industry body Siam to revise upward its growth estimate for the ongoing fiscal to 10-12 percent.

Sep 08, 2016, 13:27 PM IST