Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
NEW YORK, United States (AFP) – General Motors announced Tuesday plans to invest $7 billion in the US state of Michigan as it converts assembly plants and builds batteries for the transition to electric vehicles (EV). Calling the announcement “the largest single investment in GM history,” the auto giant said the push in its Midwestern home state would create 4,000 new jobs and retain 1,000 more positions. GM has previously projected that it will double […]
NEW YORK, United States (AFP) – General Motors plans to launch in 2023 a premium model that would enable hands-free operation in 95 percent of driving scenarios, the US auto giant announced Wednesday. The technology, called “Ultra Cruise,” is a centerpiece of a newly unveiled plan that the Detroit company says will enable it to double annual revenues by 2030. “The vehicle has become a software platform,” Chief Executive Mary Barra said at a briefing […]
by Joseph Szczesny FLINT, United States (AFP) — Almost 50,000 US auto workers went on strike on Monday in a pay dispute with General Motors, the largest industrial action to hit the carmaker in more than a decade. Workers from 31 plants opted to walk out after talks between the company and the United Auto Workers Union hit an impasse as they tried to negotiate a replacement agreement when the manufacturer’s four-year contract with […]
MONTREAL, Canada (AFP) — General Motors is to announce on Monday the closure of a factory in Canada, putting almost 3,000 jobs at risk, Canadian news media reported. The decision is part of the US automaker’s plans for a comprehensive global restructuring, channel CTV reported Sunday, citing several anonymous sources. Other media, including Radio-Canada/CBC, had similar reports. The plant in Oshawa, about 60 kilometers (40 miles) northeast of Toronto, was built in 1953, according to […]
by John Biers Agence France-Presse NEW YORK, United States (AFP) — Automakers were on track Wednesday to report the first annual decline in US sales since the financial crisis, a dip offset by continued strength in the sales of trucks and other large vehicles. The three leaders in the US market — General Motors, Ford and Toyota — all reported modest declines Wednesday in annual sales compared with 2016, a record-setting year for the auto […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — Tesla Motors overtook General Motors to become the biggest US automaker by market capitalization Monday, a sign of how Silicon Valley has captured investor excitement at Detroit’s expense. Tesla shares were up 3.0 percent to $311.74 near 1720 GMT, for a market capitalization of $51.43 billion, more than $1 billion above GM, a 109-year-old company that sold almost 120 times as many cars […]
(REUTERS) Ford Motor Co plans to offer a fully automated driverless vehicle for commercial ride-sharing in 2021, the automaker announced Tuesday, expanding its efforts in driverless cars and ride sharing – two areas where rivals have already made inroads. To help speed development of self-driving cars, Chief Executive Mark Fields said Ford is hiking investments in Silicon Valley technology firms, tripling its investment in semi-autonomous systems, and more than doubling the size of its […]
SHANGHAI, China (AFP) 5/27/2016 —US auto giant General Motors (GM) will recall more than two million vehicles produced through a joint venture in China because of an engine component flaw, the firm and officials said. The venture between GM and Shanghai-based SAIC will recall 2.16 million Buick and Chevrolet branded vehicles because their engine valves could corrode after extended use, the company said on Thursday. Business media outlet Caixin reported that the recall was the largest in […]
(Reuters) – A U.S. judge has appointed two lawyers who led cases against Toyota Motor Corp (7203.T) and a plaintiffs’ attorney from Texas to lead litigation against General Motors Co (GM.N) related to a faulty ignition switch that prompted the recall of millions of vehicles this year. U.S. District Judge Jesse Furman in the Southern District of New York, who is overseeing more than 100 cases against GM, on Friday tapped attorneys Steve Berman, Elizabeth […]
(Reuters) – General Motors said on Sunday that it had asked its main Chinese supplier to find an alternative source of components after an explosion ripped through a factory a day earlier killing at least 69 people. The accident at the Zhongrong Metal Products Co Ltd plant in Kunshan city in the eastern province of Jiangsu was China’s worst industrial accident in a year. Aside from the fatalities, some 200 people were injured in the […]
