Latest General Motors Co News

Ex-UAW official convicted in bribery scheme sent to prison

Feb. 19, 2020 7:03 PM EST

DETROIT (AP) — A former United Auto Workers union official who received bribes and kickbacks from a vendor has been sentenced to 28 months in prison. Mike Grimes of Fort Myers, Florida was accused of receiving more than $1.5 million in bribes, including $10,000 worth of cosmetic surgery for a relative...

GM gets tax break for new plant next to factory it closed

Feb. 19, 2020 12:36 PM EST

LORDSTOWN, Ohio (AP) — General Motors Co. will receive a tax break to build a new electric battery cell factory in Ohio next to the site of a much larger assembly plant it shut down last year. Village leaders in Lordstown approved a 75% tax abatement that will extend over 15 years and allow the company to...

FILE - In this March 1, 2012 file photo, former President Bill Clinton shakes hands with Owen Bieber, left, with United Auto Workers union (UAW), at the 2012 UAW National Community†Action Program Conference, at the Marriott Wardman Park Hotel, in Washington.  Bieber, who led the United Auto Workers union from the auto industry's dark days of the early 1980s to the prosperity of the mid-1990s, has died. He was 90.(AP Photo/Jacquelyn Martin, File)

Former UAW President Owen Bieber dies aged 90

Feb. 17, 2020 5:52 PM EST

Owen Bieber, who led the United Auto Workers union from the auto industry's dark days of the early 1980s to the prosperity of the mid-1990s, has died. He was 90. Neither as charismatic as his predecessor, Douglas Fraser, nor as confrontational as his successor, Stephen Yokich, the low-key Bieber had an easygoing...

FILE - In this Feb. 19, 2017, file photo, Wei Jianjun, chairman of Great Wall Motors Ltd., gestures as he speaks during an event celebrating it sales passing the one million mark, at the Great Wall headquarters in Baoding in north China's Hebei province. General Motors decision to pull out of Australia, New Zealand and Thailand as part of a strategy to exit markets that don't produce adequate returns on investments raised dismay Monday, Feb. 17, 2020 from officials concerned over job losses.  The words behind reads

GM plans to pull out of Australia, New Zealand and Thailand

Feb. 17, 2020 7:29 AM EST

DETROIT (AP) — General Motors decision to pull out of Australia, New Zealand and Thailand as part of a strategy to exit markets that don't produce adequate returns on investments raised dismay Monday from officials concerned over job losses. The company said in a statement Sunday that it plans to wind...

In this Feb. 12, 2020, photo, a worker disinfects a mall near an advertisement for a car in Beijing, China. Automakers are gradually reopening factories in China that were idled by anti-virus control. (AP Photo/Ng Han Guan)

Automakers in China gradually reopen after virus shutdown

Feb. 17, 2020 5:49 AM EST

BEIJING (AP) — Automakers are reopening factories in China that were idled by anti-virus controls as they try to reverse a sales slump in their biggest market. Local officials have orders from the ruling Communist Party to get businesses functioning again while still enforcing anti-disease curbs that shut...

Trader Ronald Madarasz works on the floor of the New York Stock Exchange, Friday, Feb. 14, 2020. U.S. stocks wobbled between small gains and losses in early trading Friday as investors focused on another round of mostly solid corporate earnings. (AP Photo/Richard Drew)

US stocks post small gains, major indexes up for the week

Feb. 14, 2020 5:13 PM EST

Wall Street closed out a wobbly day of trading Friday with the major stock indexes notching their second straight weekly gain. The S&P 500 and Nasdaq eked out tiny gains, good enough to nudge each to an all-time high for the fourth time this week. The Dow Jones Industrial Average ended with a slight loss....

FILE - In this Nov. 28, 2018, file photo, snow covers the perimeter of the General Motors' Lordstown plant, in Lordstown, Ohio. The Trump administration’s budget proposal scraps a loan program that could help an upstart electric vehicle company’s plans to reuse the now-closed General Motors factory in Lordstown, Ohio. (AP Photo/John Minchillo, File)

Trump budget targets loan program that could help Lordstown

Feb. 10, 2020 7:22 PM EST

DETROIT (AP) — The Trump administration’s budget proposal scraps a loan program that could help an upstart electric vehicle company’s plans to reuse the now-closed General Motors factory in Lordstown, Ohio. In a summary of the budget for the coming fiscal year, the administration said Monday...

FILE - In this April 25, 2018, file photo a staff member stands next to a Tiggo 8 SUV by Chinese automaker Chery after a press conference at the China Auto Show in Beijing. A California company says it will build and sell Chinese-designed automobiles in the U.S. at the end of next year or early in 2022. HAAH Automotive Holdings says it has an agreement with large Chinese automaker Chery Automobile to provide the vehicles, which will be assembled in a U.S. factory. HAAH says the first vehicle sold will be a midsize SUV. (AP Photo/Mark Schiefelbein, File)

California company plans to sell China-designed SUVs in US

Feb. 10, 2020 11:57 AM EST

DETROIT (AP) — A California company says it will build and sell Chinese-designed automobiles in the U.S. at the end of next year or early in 2022. HAAH Automotive Holdings says it has an agreement with large Chinese automaker Chery Automobile to provide the vehicles, which will be assembled in a U.S....

Software glitches force GM to recall pickups for 2nd time

Feb. 7, 2020 4:44 PM EST

DETROIT (AP) — General Motors is recalling about 162,000 full-size pickup trucks worldwide for a second time because of faulty brake control software that was installed in a recall from last year. Affected are Chevrolet Silverado and GMC Sierra light-duty trucks from the 2019 model year. The Silverado is...

Official who was close to UAW president pleads guilty

Feb. 7, 2020 2:39 PM EST

DETROIT (AP) — A former senior official at the United Auto Workers pleaded guilty Friday to a broad corruption scheme, admitting that he conspired with others to conceal the use of union cash for vacation villas, golf, cigars and booze. Vance Pearson was based in the St. Louis area as director of UAW's...