Latest General Motors Co News

Lawsuit accuses 3 automakers and parts maker in air bag case

May. 24, 2022 18:30 PM EDT

DETROIT (AP) — A class action lawsuit is accusing three automakers and a parts manufacturer of knowingly selling vehicles containing air bag inflators that are at risk of exploding. Two deaths and at least four injuries have been linked to such explosions. The federal lawsuit,...

On Venezuelan roads, old cars prevail, break down everywhere

May. 21, 2022 09:47 AM EDT

CARACAS, Venezuela (AP) — A 1983 Chevrolet C-10 pickup is the workhorse of Argenis Ron’s party equipment rental business. He uses it to haul chairs, tents and tables to gatherings all across Venezuela's sprawling capital. The once-white paint is slightly yellowish and the body...

Argo touts driverless operations in Miami and Austin, Texas

May. 17, 2022 16:28 PM EDT

NEW YORK (AP) — An autonomous vehicle technology company that partners with Ford and Volkswagen says it has started driverless operations in two of eight cities where it is developing its technology. Pittsburgh-based Argo AI has pulled drivers from its autonomous cars in Miami and...

Buffett's firm reveals new stakes in Paramount, Citigroup

May. 16, 2022 20:31 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the biggest investments with Berkshire Hathaway shareholders at the company's recent...

Japan's Honda sees profit slide on chips, material cost woes

May. 13, 2022 05:41 AM EDT

TOKYO (AP) — Honda’s fiscal fourth quarter profit slipped to almost half of what the Japanese automaker earned the previous year as it endured supply shortages and rising raw materials costs. Tokyo-based Honda Motor Co. reported Friday that its profit was 124.8 billion yen ($967...

Editorial Roundup: Ohio

May. 09, 2022 12:28 PM EDT

Akron Beacon Journal. May 8, 2022. Editorial: Ohio primary winners, redistricting vote and leaked opinion on abortion leave many on edge Donald J. Trump served one term before losing in 2020, but the effects of his reign and his win-at-any-cost attitude continue. ...

Georgia sets $1.5B in aid for electric vehicle maker Rivian

May. 02, 2022 20:48 PM EDT

ATLANTA (AP) — The state of Georgia and local governments will give Rivian Automotive $1.5 billion of incentives to build a 7,500-job, $5 billion electric vehicle plant east of Atlanta, according to documents the company and state signed Monday. Georgia Economic Development...

US economy shrinks, threats loom, but growth likely to last

Apr. 28, 2022 16:04 PM EDT

WASHINGTON (AP) — The U.S. economy shrank in the first three months of the year, and faces threats from high inflation and rising interest rates, yet economists foresee a return to growth for the rest of 2022 based on the strength of the job market and consumer spending. The first...

Ford loses $3.1 billion, hit by investment and chip shortage

Apr. 27, 2022 19:06 PM EDT

DALLAS (AP) — Ford Motor Co. reported Wednesday that it lost $3.1 billion in the first quarter, weighed down by its investment in an electric-vehicle startup, and its revenue slid as a shortage of chips limited the supply of pickups and SUVs in North America. Company executives...

GM's $2.94B 1Q profit tops Street views, but revenue misses

Apr. 26, 2022 19:09 PM EDT

LOS ANGELES (AP) — General Motors’ net income declined in the first quarter, as the automaker sold fewer cars and trucks worldwide, although higher prices helped boost revenue, especially in North America. GM late Tuesday reported net income of $2.94 billion, or $1.35 per share,...