Latest General Motors Co News

McMaster picks businessman to helm South Carolina Commerce

Jun. 17, 2021 13:10 PM EDT

COLUMBIA, S.C. (AP) — South Carolina Gov. Henry McMaster on Thursday nominated longtime business executive Harry M. Lightsey III to serve as the next state commerce secretary, putting forth the first new name to lead the agency in more than a decade. The former...

Oracle, La-Z-Boy fall; General Motors, Rambus rise

Jun. 16, 2021 16:25 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Oracle Corp., down $4.56 to $77.08. Investors were disappointed by the software maker's first-quarter profit forecast. La-Z-Boy Inc., down...

GM, Ford outdo each other with electric vehicle investments

Jun. 16, 2021 15:21 PM EDT

DETROIT (AP) — General Motors will raise spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology. The announcements Wednesday came as crosstown rival Ford said...

GM, Wabtec to develop hydrogen powered locomotives

Jun. 15, 2021 10:08 AM EDT

DETROIT (AP) — General Motors has signed a deal to develop railroad locomotives powered by a hydrogen fuel cell and battery system. Under a nonbinding agreement with locomotive maker Wabtec Corp., GM batteries and hydrogen technology will be used in locomotives to help...

Order: Union can't limit vote to 87 Tennessee Nissan workers

Jun. 14, 2021 19:31 PM EDT

NASHVILLE, Tenn. (AP) — Federal regulators have denied a union's push to try to organize fewer than 100 employees at the Nissan assembly plant in Tennessee, ruling instead to set a union election of 4,300 plantwide production and maintenance workers that the union says...

GM exec: Company to announce more battery plants this week

Jun. 14, 2021 16:10 PM EDT

DETROIT (AP) — The president of General Motors says his company plans to announce more U.S. battery factories later this week. Mark Reuss gave no details of where the factories would be located or exactly what they would manufacture. He spoke in a weekend interview with...

Lordstown Motors' rough road continues; CEO and CFO are out

Jun. 14, 2021 14:14 PM EDT

The top two executives at Lordstown Motors have resigned as problems at the Ohio electric truck startup mount. CEO Steve Burns and Chief Financial Officer Julio Rodriguez stepped down, the company said Monday, sending shares already down 40% this year tumbling more than...

Magnussen picks up 1st win in Ganassi's sweep at Belle Isle

Jun. 12, 2021 21:14 PM EDT

DETROIT (AP) — Chip Ganassi Racing completed a Saturday sweep at the Raceway at Belle Isle Park and put a pair of former Formula One drivers in victory lane after its win in the IMSA WeatherTech SportsCar race. Kevin Magnussen started from the pole in a Cadillac and...

GM to recall some 2021 cars for faulty air bag warning light

Jun. 11, 2021 11:42 AM EDT

WASHINGTON (AP) — The U.S. government’s highway safety agency approved a request by General Motors to recall four 2021 vehicle makes due to a malfunctioning air bag warning light. The National Highway Traffic Safety Administration said Friday that the cars in question...

GM delivers affordable luxury with Corvette Stingray

Jun. 10, 2021 02:23 AM EDT

DETROIT (AP) — What would you splurge on if you won the lottery? Most people have a dream car or two on their list, but alas, most people never win the lottery. General Motors has unveiled a luxury sports car that is competitive with its more exotic (read: expensive)...