Latest General Motors Co News

FILE - This Oct. 16, 2019, file photo shows a sign at a General Motors facility in Langhorne, Pa. Fiat Chrysler is moving to dismiss a racketeering lawsuit filed by rival General Motors, denying allegations that it bribed union officials to impose higher labor costs on GM. In papers filed Friday, Jan. 24, 2020 with the federal court in Detroit, FCA argued that GM’s lawsuit is not based on facts. (AP Photo/Matt Rourke, File)

Fiat Chrysler denies union bribery allegations in GM lawsuit

Jan. 24, 2020 7:52 PM EST

DETROIT (AP) — Fiat Chrysler is moving to dismiss a racketeering lawsuit filed by rival General Motors, denying allegations that it bribed union officials to impose higher labor costs on GM. In papers filed Friday with the federal court in Detroit, FCA argued that GM’s lawsuit is not based on...

A man burn joss sticks as he prays at the Wong Tai Sin Temple, Friday, Jan. 24, 2020, in Hong Kong, to celebrate the Lunar New Year which marks the Year of the Rat in the Chinese zodiac. China is expanding its lockdown against the deadly new virus to an unprecedented 36 million people and rushing to build a prefabricated, 1,000-bed hospital for victims as the outbreak cast a pall over Lunar New Year, the country’s biggest and most festive holiday. (AP Photo/Achmad Ibrahim)

For businesses, virus in China fans fear and uncertainty

Jan. 24, 2020 6:02 PM EST

China’s worst health crisis in years has sparked fear and uncertainty for businesses from North America to Asia that depend on trade in the affected region. Experts say it’s too soon to know how disruptive the crisis will prove. But it’s already having an impact. McDonald’s has...

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...