Latest General Motors Co News
Novartis, Danaher rise; Nucor, Cadence Design Systems fall, Tuesday, 4/23/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Tuesday: Novartis AG, up $2.16 to $97.28. The drugmaker beat Wall Street's first-quarter earnings and revenue forecasts. Danaher Corp., up $17.03 to $253.11. ...
General Motors reports strong first-quarter profits as prices help offset small US sales dip
DETROIT (AP) — Despite a small dip in U.S. vehicle sales, General Motors' first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles. The automaker said that while its average sales price per vehicle was down slightly from...
Southern governors tell autoworkers that voting for a union will put their jobs in jeopardy
DETROIT (AP) — On the eve of a vote on union representation at Volkswagen's Tennessee factory, Gov. Bill Lee and five other southern governors are telling workers that voting for a union will put jobs in jeopardy. About 4,300 workers at VW's plant in Chattanooga will start voting...
General Motors to move Detroit HQ to new downtown building, plans to redevelop Renaissance Center
DETROIT (AP) — General Motors will move its Detroit headquarters to a new downtown office building next year and work to redevelop its iconic home along the Detroit River, company and city officials confirmed Monday. The announcement was made at the site of the old Hudson’s...
US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows further
DETROIT (AP) — New vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates. But electric vehicle sales growth slowed during the first three months of the year, with mainstream buyers wary of limited range and a lack of charging...
GM to resume sales of Chevy Blazer EV after software issues prompted a stop sale late last year
General Motors said Friday that it is resuming sales of its electric Chevrolet Blazer after software issues forced the automaker to halt sales in December. The problems, which centered around functionality of its touch-screen interface and fast-charging capabilities, were resolved...
Automaker Rivian pauses construction of its $5 billion electric truck plant in Georgia
ATLANTA (AP) — The CEO of Rivian Automotive announced Thursday that the electric truck maker is pausing construction of its $5 billion manufacturing plant in Georgia to speed production and save money. California-based Rivian had planned to start building its new R2 midsize SUVs at...
Auto workers threaten to strike again at Ford's huge Kentucky truck plant in local contract dispute
DETROIT (AP) — The United Auto Workers union is threatening to go on strike next week at Ford Motor Co.'s largest and most profitable factory in a dispute over local contract language. The union said Friday that nearly 9,000 workers at the Kentucky Truck Plant in Louisville will...
GM's Cruise robotaxi unit hires veteran Ford and Apple official to be its safety chief after crash
DETROIT (AP) — Cruise, the troubled General Motors autonomous vehicle unit, has hired a veteran automotive and technology company safety official for the critical position of chief safety officer. Steve Kenner, who has held top safety positions at multiple companies over nearly...
Less is more? Consumers have fewer choices as brands prune their offerings to focus on best sellers
NEW YORK (AP) — How much choice is too much? Apparently for Coca-Cola, it's about 400 different types of drinks. That's why the beverage company recently decided to discontinue half of them, shedding brands like Tab, Zico coconut water, Diet Coke Feisty Cherry and...
