Latest General Motors Co News

FILE - This Jan. 27, 2020, file photo shows a General Motors logo at the General Motors Detroit-Hamtramck Assembly plant in Hamtramck, Mich. Shares in electric- and hydrogen-powered truck startup Nikola plunged on Monday Sept. 21, 2020, after the company's founder Trevor Milton resigned amid allegations of fraud - just two weeks after signing a $2 billion partnership with General Motors. (AP Photo/Paul Sancya, File)

Founder of GM electric truck partner quits amid allegations

Sep. 21, 2020 5:07 PM EDT

FRANKFURT, Germany (AP) — Shares in electric and hydrogen-powered truck startup Nikola plunged on Monday after the company's founder resigned amid allegations of fraud — just two weeks after signing a $2 billion partnership with General Motors. The company said late Sunday that Trevor Milton...

FedEx, AMC Networks rise; Spotify, NextEra fall

Sep. 16, 2020 4:20 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday: FedEx Corp., up $13.63 to $250.30. The package delivery company blew away Wall Street's fiscal first-quarter profit and revenue forecasts. General Motors Co., up 21 cents to $31.79. The automaker is going to announce its own line...

Today in History

Sep. 16, 2020 12:02 AM EDT

Today in History Today is Wednesday, Sept. 16, the 260th day of 2020. There are 106 days left in the year. Today’s Highlights in History: On Sept. 16, 1974, President Gerald R. Ford announced a conditional amnesty program for Vietnam war deserters and draft-evaders. On this date: In 1630, the...

President Donald Trump speaks at a rally at Minden-Tahoe Airport in Minden, Nev., Saturday, Sept. 12, 2020. (AP Photo/Andrew Harnik)

AP FACT CHECK: Trump's torrent of falsehoods, Biden missteps

Sep. 14, 2020 1:29 AM EDT

WASHINGTON (AP) — Playing defense on his handling of the coronavirus, President Donald Trump is letting the falsehoods fly. Over the weekend, he railed against cases of voting fraud that didn’t exist, asserted that COVID-19 was “rounding a corner” despite what his top health advisers...

FILE - In this Sept. 10, 2020, file photo President Donald Trump boards Air Force One for a trip to a campaign rally in Freeland, Mich., in Andrews Air Force Base, Md. (AP Photo/Evan Vucci, File)

AP FACT CHECK: Trump vs. Trump on virus; Biden missteps

Sep. 12, 2020 9:38 AM EDT

WASHINGTON (AP) — Explaining his deceptive assurances about the pandemic, President Donald Trump suggested he was doing what Winston Churchill had done, soothing the public in a time of danger. That's not how it went down in World War II. Churchill did not tell Britons that Nazi Germany was “under...

Democratic presidential candidate former Vice President Joe Biden arrives to board a plane at New Castle Airport in New Castle, Del., Wednesday, Sept. 9, 2020, en route to campaign events in Michigan. (AP Photo/Patrick Semansky)

AP FACT CHECK: Biden on autos, virus; Trump on drug prices

Sep. 9, 2020 5:55 PM EDT

DETROIT (AP) — President Donald Trump exaggerated his administration’s efforts to lower prescription drug prices while Democratic rival Joe Biden claimed too much credit for reviving the U.S. auto industry and misstated the number of military deaths from COVID-19. A look at some of their claims in...

A man wearing a mask passes the Charging Bull statue in New York's financial district, Tuesday, Sept. 8, 2020. More sharp declines for big tech stocks are dragging Wall Street toward a third straight loss on Tuesday. (AP Photo/Mark Lennihan)

Wall Street’s 3-day skid a reality check for runaway market

Sep. 9, 2020 12:19 AM EDT

Wall Street’s summer-long party fueled by investors’ appetite for some of the world’s best-known technology companies has come to an abrupt, if not entirely unexpected, halt. The sharp sell-off that began last Thursday has wiped out nearly 7.1% from the S&P 500 as of Tuesday, its first...

FILE - This Jan. 27, 2020, file photo shows a General Motors logo at the General Motors Detroit-Hamtramck Assembly plant in Hamtramck, Mich. General Motors is taking a $2 billion equity stake in Nikola that will see it engineer and make the company's Badger, a fully-electric and hydrogen fuel cell electric pickup truck.  (AP Photo/Paul Sancya, File)

GM to make electric vehicle, supply batteries for Nikola

Sep. 8, 2020 5:24 PM EDT

DETROIT (AP) — General Motors announced its second major electric vehicle partnership in less than a week on Tuesday, this time a $2 billion deal with startup Nikola. GM will take an 11% ownership stake in the Phoenix company and will engineer and build Nikola’s Badger hydrogen fuel cell and...

FILE - In this Jan. 24, 2020 file photo, an Uber driver's vehicle is seen after the company launched service in Vancouver, British Columbia. Uber is offering incentives to drivers to transition to cleaner vehicles while acknowledging that emissions from its rides have risen in recent years. The San Francisco-based ride-hailing giant said Tuesday, Sept. 8 that a ride in one of its vehicles remains 41% more carbon-intensive than taking a trip in a personal car with others.  (Darryl Dyck/The Canadian Press via AP, File)

Uber incentivizes drivers to switch to electric vehicles

Sep. 8, 2020 3:01 PM EDT

NEW YORK (AP) — Uber is offering incentives to drivers to transition to cleaner vehicles while acknowledging that emissions from its rides have risen in recent years. The San Francisco-based ride-hailing giant said Tuesday that a ride in one of its vehicles remains 41% more carbon-intensive than taking a...

Canadian auto workers pick Ford as potential strike target

Sep. 8, 2020 12:42 PM EDT

DETROIT (AP) — The union that represents Canadian auto workers has picked Ford as a potential strike target in contract talks this year. The Unifor union's contracts with all three Detroit automakers expires at 11:59 p.m. on Sept. 21. Unifor President Jerry Dias says at a news conference Tuesday that the...