Latest General Motors Co News

2nd driver killed by air bag inflator from Tennessee's ARC

Oct. 13, 2021 17:36 PM EDT

DETROIT (AP) — A second person has been killed by an exploding air bag inflator made by a Tennessee company that has been under investigation by a federal agency for more than six years without any resolution. On Wednesday, the National Highway Traffic Safety...

Fastenal, Valvoline rise; Signet, Columbia Banking fall

Oct. 12, 2021 16:23 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Fastenal Co., up $1.60 to $53.83. The maker of industrial and construction fasteners reported solid third-quarter financial results. ...

GM reaches deal with LG to pay for Bolt battery recall costs

Oct. 12, 2021 08:41 AM EDT

DETROIT (AP) — LG Electronics has reached a deal with General Motors to pay $1.9 billion to $2 billion to reimburse the automaker for the cost of recalling Chevrolet Bolt electric vehicles due to the risk of battery fires. The automaker, which announced the deal in a...

Editorial Roundup: Ohio

Oct. 11, 2021 09:11 AM EDT

Columbus Dispatch. Oct. 8, 2021. Editorial: Sex trafficking is an evil beast that steals freedom, wrecks lives, destroys families A councilman running for re-election in the Cleveland suburb of Elyria told a Dispatch reporter that he felt the urge to...

GM sets to double revenue, lead US in electric vehicle sales

Oct. 06, 2021 20:04 PM EDT

WARREN, Mich. (AP) — General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030 with an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as an electronic driving...

GM building giant battery development lab in Detroit suburb

Oct. 05, 2021 08:17 AM EDT

WARREN, Mich. (AP) — General Motors says it's building a huge new electric vehicle battery lab in Michigan where scientists will work on chemistry to cut costs 60% over current vehicles and allow people to travel 500 to 600 miles (800 to 965 kilometers) per charge. ...

US auto sales slump, stalled by car computer chip shortage

Oct. 01, 2021 18:46 PM EDT

DETROIT (AP) — In a normal month before the pandemic, Con Paulos' Chevy dealership in Jerome, Idaho, sold around 40 new vehicles. In September, it was only six. Now he's got nothing new in stock, and every car, truck or SUV on order has been sold. Last month, what...

Union jobs? Ford's plan for new EV factories raises question

Oct. 01, 2021 13:48 PM EDT

NASHVILLE, Tenn. (AP) — Ford’s blockbuster announcement this week that it would build four sprawling new factories in Kentucky and Tennessee by 2025 and hire nearly 11,000 workers raised a big unanswered question: Just how good will those jobs be? No one — not Ford,...

Taiwan's Foxconn has deal to buy former GM plant in Ohio

Sep. 30, 2021 20:06 PM EDT

Foxconn Technology Group, the world’s largest electronics maker, has a deal to buy a huge auto assembly plant in Ohio from startup electric truck maker Lordstown Motors, the companies announced Thursday. The agreement stands to give Taiwan-based Foxconn, best known for...

Woman who survived 1918 flu, world war succumbs to COVID

Sep. 30, 2021 16:12 PM EDT

She lived a life of adventure that spanned two continents. She fell in love with a World War II fighter pilot, barely escaped Europe ahead of Benito Mussolini’s fascists, ground steel for the U.S. war effort and advocated for her disabled daughter in a far less enlightened time. She was,...