Latest General Motors Co News
Ford to resume building Michigan electric vehicle battery plant delayed by strike, but scale it back
DETROIT (AP) — Ford Motor Co. is resuming construction on a Michigan electric vehicle battery plant that the company postponed two months ago during a strike by the United Auto Workers union. But the automaker said that due to slowing electric vehicle sales growth, it will scale...
UAW chief, having won concessions from strikes, aims to expand membership to nonunion automakers
DETROIT (AP) — Entering contract talks with Detroit's three automakers, Shawn Fain set lofty expectations for what he could gain for his union members — and delivered on many of them. He secured significant pay raises, improved benefits, the right to strike over plant closures and a raft of...
Microsoft, Palantir rise; Bristol-Myers, Kohl's fall, Monday, 11/20/2023
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: Microsoft Corp., up $7.59 to $377.44 The software giant hired ex-OpenAI CEO Sam Altman for a new AI venture. Bristol-Myers Squibb Co., down $1.94 to $48.90. ...
Vogt resigns as CEO of Cruise following safety questions, recalls of self-driving vehicles
Kyle Vogt has resigned as CEO of Cruise, General Motors’ autonomous vehicle unit, as questions build about the safety of self-driving cars. Vogt's decision to step down, announced late Sunday, follows a recent recall of all 950 Cruise vehicles to update software after one of them...
Ford and Stellantis workers join those at GM in approving contract settlement that ended UAW strikes
DETROIT (AP) — The United Auto Workers union overwhelmingly ratified new contracts with Ford and Stellantis, that along with a similar deal with General Motors will raise pay across the industry, force automakers to absorb higher costs and help reshape the auto business as it shifts away from...
Union workers at Stellantis and Ford close to ratifying deals that would end lengthy labor disputes
DETROIT (AP) — Members of the United Auto Workers union were close to approving contract agreements with Stellantis and Ford on Friday with voting at both companies overwhelmingly in favor and only a few factories yet to cast ballots. On Friday, workers at Ford had voted 68.2% in...
General Motors becomes 1st of Detroit automakers to seal deal with unionized workers
DETROIT (AP) — United Auto Workers union members have voted to approve a new contract with General Motors, making the company the first Detroit automaker to get a ratified deal that could end a contentious labor dispute and a series of punishing strikes. A vote-tracking spreadsheet...
Vote on tentative contract with General Motors too close to call as more tallies are reported
DETROIT (AP) — Voting on a tentative contract agreement between General Motors and the United Auto Workers union that ended a six-week strike against the company appears too close to call after the latest tallies at several GM factories were announced Wednesday. The union hasn't...
Buffett's firm sells off several smaller investments, including GM and UPS
OMAHA, Neb. (AP) — Warren Buffett's company unloaded a number of the smaller investments from its portfolio in the third quarter including General Motors, Mondelez and Johnson & Johnson. Berkshire Hathaway filed a quarterly update on its $313 billion portfolio with the...
Andretti's F1 effort boosted by General Motors plan to supply engines starting in 2028
LAS VEGAS (AP) — General Motors said Tuesday it has registered with Formula One's governing body to become an engine supplier starting in 2028 in what is seen as a huge boost to Michael Andretti's bid to join the global motorsports series. “We are thrilled that our new Andretti...
