Latest General Motors Co News

Seeing a twisting road ahead, Ford cuts 7K white-collar jobs

May. 20, 2019 10:03 PM EDT

DETROIT (AP) — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10% of its global salaried workforce. The major revamp, which had been under way since last...

China's technology tactics irk its trading partners

May. 20, 2019 3:05 AM EDT

BEIJING (AP) — For four decades, Beijing has cajoled or pressured foreign companies to hand over technology. And its trading partners say if that didn't work, China stole what it wanted. Communist leaders deflected demands for change until foreign frustration erupted into a showdown with President Donald...

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

May. 17, 2019 5:15 PM EDT

WASHINGTON (AP) — Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By...

Markets Right Now: Stocks notch solid gains on Wall Street

May. 15, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing solidly higher on Wall Street as traders become more hopeful that some of the U.S.'s frictions with its trading partners will ease. Treasury Secretary Steven Mnuchin said Wednesday that Washington...

US agency probes whether GM pickup recall went far enough

May. 13, 2019 10:29 AM EDT

DETROIT (AP) — U.S. safety regulators are investigating whether General Motors went far enough when it recalled about 3,000 small pickup trucks in 2016. The National Highway Traffic Safety Administration will determine if GM should recall about 115,000 Chevrolet Colorado and GMC Canyon pickups from the...

Potential sale of shuttered GM plant clouded with doubt

May. 11, 2019 10:47 AM EDT

The fate of a shuttered General Motors plant in Ohio remains very much up in the air even after a tweet from President Donald Trump heralded the potential sale of a factory he has shown an intense interest in saving. That's because the buyer is a fledgling electric vehicle maker that has never posted a profit,...

Federal judge keeps UAW lawsuit over plant closings in Ohio

May. 10, 2019 3:26 PM EDT

YOUNGSTOWN, Ohio (AP) — A federal judge has ruled that a lawsuit filed by the United Auto Workers against General Motors over the closing of three plants should be heard in Ohio. The Warren Tribune Chronicle reports U.S. District Judge Benita Pearson in Youngstown, Ohio, on Thursday dismissed GM's...

GM in talks to sell shuttered factory in Lordstown, Ohio

May. 8, 2019 1:50 PM EDT

DETROIT (AP) — General Motors is negotiating the sale of its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks. The company confirmed Wednesday that it's in talks with Cincinnati-based Workhorse Group to sell the huge facility, and also announced plans to invest $700 million in...

Edmunds: Carmakers reel in free maintenance plans

May. 8, 2019 6:16 AM EDT

A number of automakers have offered free maintenance programs for over a decade as a way to sweeten the deal on a car lease or purchase. But in recent years, automakers have begun to reel in their plans by shortening the term, reducing the scope of coverage, or eliminating them altogether. In light of all these...

GM Cruise autonomous vehicle unit gets $1.15B investment

May. 7, 2019 11:07 AM EDT

DETROIT (AP) — A group of institutional investors is sinking $1.15 billion into GM Cruise LLC, the autonomous vehicle unit of General Motors. Cruise announced the investment from a group led by T. Rowe Price on Tuesday and said it included money from GM, Honda and Japanese tech investment firm SoftBank....