Latest General Motors Co News

FILE - In this Sept. 28, 2019, file photo Chase Briscoe (98) leads the field of cars to start the NASCAR Xfinity Series auto race at Charlotte Motor Speedway in Concord, N.C. General Motors is planning to open a new technical center for performance and auto racing near the Charlotte Motor Speedway. The center will focus on transferring auto racing knowledge into engineering for vehicles that are sold to the public. (AP Photo/Mike McCarn, File)

GM to open racing tech center near Charlotte Motor Speedway

Jan. 23, 2020 9:55 AM EST

DETROIT (AP) — General Motors is planning to open a new technical center for performance and auto racing near the Charlotte Motor Speedway in North Carolina. The company says the 75,000-square-foot center will open by mid-2020 off Interstate 85 in Concord. GM says it's still finalizing plans for the number...

FILE - In this Jan. 19, 2020, file photo Elon Musk, founder, CEO, and chief engineer/designer of SpaceX speaks during a news conference at the Kennedy Space Center in Cape Canaveral, Fla. The meteoric rise of Tesla shares that pushed the company's value over $100 billion could turn into a supercharged payday for CEO Elon Musk. (AP Photo/John Raoux, File)

Tesla passes $100 billion, teeing up big payout for Musk

Jan. 22, 2020 4:55 PM EST

DETROIT (AP) — The meteoric rise of Tesla shares that recently pushed the company's value over $100 billion could turn into a supercharged payday for CEO Elon Musk. Stock in Tesla Inc. rose another 4.1% Wednesday, pushing the market value of the electric vehicle and solar panel maker past a critical...

FILE - This Friday, May 16, 2014, file photo, shows the General Motors logo at the company's world headquarters in Detroit. Michigan on Wednesday, Jan. 22, 2020, agreed to revise decade-long tax breaks for General Motors in exchange for the company's commitment to spend at least $3.5 billion more over 10 years, including to build electric pickup trucks in Detroit. (AP Photo/Paul Sancya, File)

GM to spend $3.5B in Michigan under revised tax credit deal

Jan. 22, 2020 3:23 PM EST

LANSING, Mich. (AP) — Michigan on Wednesday agreed to revise decade-long tax breaks for General Motors in exchange for the company's commitment to spend at least $3.5 billion more over 10 years, including to build electric pickup trucks in Detroit. Under the deal — the seventh amendment to the home...

This undated image provided by Cruise shows a rendering of an unorthodox electric vehicle called

GM's Cruise heads down new road with new robotaxi concept

Jan. 22, 2020 12:54 AM EST

SAN FRANCISCO (AP) — General Motors' self-driving car company will attempt to deliver on its long-running promise to provide a more environmentally friendly ride-hailing service in an unorthodox vehicle designed to eliminate the need for human operators to transport people around crowded cities. The...

FILE - In this Oct. 31, 2019 file photo, a Fiat logo is pictured on a car in Bayonne, southwestern France. Fiat Chrysler Automobiles and PSA Peugeot announced Wednesday, Dec. 18, 2019, that their boards signed a binding deal to merge the two automakers, creating the world’s fourth-largest auto company. (AP Photo/Bob Edme, File)

Fiat Chrysler in talks with Foxconn to develop electric cars

Jan. 17, 2020 2:35 PM EST

MILAN (AP) — Fiat Chrysler is in talks with the Taiwanese company Foxconn to develop and manufacture battery-powered vehicles, the U.S.-Italian automaker said Friday. Fiat Chrysler is in the process of merging with France's PSA Peugeot, which is 12% owned by Chinese company Dongfeng Motor Co. Both Fiat...

Think tank says UAW deals increased automakers' labor costs

Jan. 15, 2020 3:40 PM EST

DETROIT (AP) — New contracts between the United Auto Workers union and Detroit's three automakers substantially increased the cost gap between Detroit and foreign automakers with U.S. factories, an industry think tank says. The Center for Automotive Research calculated that General Motors and Ford will see...

China auto sales fall again in 2019 amid trade war

Jan. 13, 2020 6:42 AM EST

BEIJING (AP) — China's auto sales fell for a second year in 2019 as a trade war with Washington and an economic slowdown depressed consumer confidence and demand for electric vehicles weakened, an industry group reported Monday. The downturn is squeezing global and Chinese automakers that are spending...

FILE - This June 25, 2017 file, photo shows TK Holdings Inc. headquarters in Auburn Hills, Mich. Takata is recalling 10 million more front air bag inflators sold to 14 different automakers because they can explode with too much force and hurl shrapnel. The recall is the last one the bankrupt company agreed to in a 2015 settlement with U.S. safety regulators. It could bring to a close the largest series of recalls in U.S. history. (AP Photo/Paul Sancya, File)

Takata recall of 10M inflators could be last of air bag saga

Jan. 8, 2020 6:54 PM EST

DETROIT (AP) — Takata is recalling 10 million more front air bag inflators sold to 14 different automakers because they can explode with too much force and hurl shrapnel. The recall is the last one the bankrupt company agreed to in a 2015 settlement with the U.S. safety regulators. It could bring to a...

In this Nov. 24, 2019, photo, a saleswoman talks about a Tesla Model 3 car at a Tesla showroom in Hangzhou in eastern China's Zhejiang Province. Tesla's Shanghai factory delivered its first cars to customers Monday, Jan. 6, 2020, and chief executive Elon Musk said the electric automaker plans to set up a design center in China to create a model for worldwide sales. (Chinatopix via AP)

Tesla delivers first Chinese-made Model 3 to customers

Jan. 7, 2020 11:09 AM EST

BEIJING (AP) — Tesla's Shanghai factory delivered its first cars to customers Monday and chief executive Elon Musk said the electric automaker plans to set up a design center in China to create a model for worldwide sales. Musk presided at a ceremony where a half-dozen buyers wearing red Tesla T shirts...

FILE - In this Thursday, Aug. 15, 2019 file photo,Cars for sale at the Ford dealership in Manchester, N.H. New vehicle sales in the U.S. fell slightly last year, but the numbers still passed the healthy 17 million mark for the fifth straight year. 
Automakers sold 17.1 million new cars, trucks and SUVs in 2019, down about 1% from the previous year.  (AP Photo/Charles Krupa, File)

New vehicle sales in US fell 1.3% in 2019 but still healthy

Jan. 3, 2020 6:21 PM EST

DETROIT (AP) — New vehicle sales in the U.S. fell 1.3% last year, but the numbers still passed the healthy 17 million mark for the fifth straight year. Automakers sold 17.05 million new cars, trucks and SUVs in 2019. Although buyers spent more on vehicles, companies had to prop up sales with record...