Latest General Motors Co News

After decades in development, Honda's jets quietly evolving

Oct. 21, 2019 2:37 PM EDT

GREENSBORO, N.C. (AP) — Nearly four years after delivering its first jet, Honda is facing decisions as the company better known for cars and lawnmowers considers whether to sink billions more into its decades-in-the-making aircraft division. Honda Aircraft CEO Michimasa Fujino said in an interview that a...

Editorials from around New England

Oct. 18, 2019 5:26 PM EDT

Editorials from around New England: CONNECTICUT Some tragedies easily averted Republican-American Oct. 16 Monday, a year-old girl in Tampa, Fla., became the 48th child to die this year in the United States as a result of being left in a hot car. While the public clamors for protection from lesser dangers,...

Despite labor costs, GM averts financial woes of its past

Oct. 18, 2019 2:16 PM EDT

DETROIT (AP) — A decade ago, high labor costs helped drag a bloated and debt-ridden General Motors into a government-funded bankruptcy. Now, a contract deal reached this week with the United Auto Workers union will raise the company's costs once again, at a time when the auto industry is facing the...

GM workers to stay on picket line until vote on new contract

Oct. 17, 2019 8:59 PM EDT

DETROIT (AP) — Striking General Motors workers will stay on the picket lines for at least another week until they vote on a tentative contract with the company. Factory-level officials from the United Auto Workers union voted to recommend the agreement to members at a daylong meeting in Detroit Thursday....

The Latest: GM workers to begin contract voting on Saturday

Oct. 17, 2019 6:23 PM EDT

DETROIT (AP) — The Latest on the tentative contract agreement between General Motors and the United Auto Workers (all times local): 6 p.m. The 49,000 General Motors workers who have been on the picket line since Sept. 16 will begin voting on a tentative four-year contract on Saturday. Voting is scheduled...

GM strike pushed US factory output down 0.5% in September

Oct. 17, 2019 9:57 AM EDT

WASHINGTON (AP) — U.S. factory output slumped 0.5% in September, as a strike at General Motors caused a steep decline in auto production amid broader struggles for manufacturers. The Federal Reserve said Tuesday that manufacturing production has fallen 0.9% over the past 12 months, a reflection of the...

Asian shares mixed on caution over China-US trade deal

Oct. 17, 2019 1:01 AM EDT

BANGKOK (AP) — Asian shares were mixed Thursday after officials signaled work remains to be done on an agreement for a truce in the tariff war between the U.S. and China. Hong Kong led regional gains after its chief executive, Carrie Lam, announced help for the property sector. The semi-autonomous city's...

Workers celebrate deal with GM, show union power in industry

Oct. 16, 2019 11:18 PM EDT

DETROIT (AP) — On the picket lines at a General Motors transmission plant in Toledo, Ohio, passing cars honked and striking workers celebrated a tentative contract deal by munching on 10 pizzas dropped off by a supporter. They had carried signs for 31 days and demonstrated the muscle the United Auto...

Fed survey finds US economy being hurt by trade battles

Oct. 16, 2019 6:46 PM EDT

WASHINGTON (AP) — The U.S. economy expanded at a modest pace in September and into October, despite rising trade tensions and weaker global growth that hampered manufacturing, and adverse weather hitting farmers. In its latest assessment of business conditions around the country, the Federal Reserve...

Markets Right Now: Stocks close mostly lower on Wall Street

Oct. 16, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing mostly lower on Wall Street as losses for technology and energy companies offset gains in other sectors. Salesforce.com slumped 3.8% Wednesday and Exxon Mobil gave up 1.7%. Homebuilders benefited...