Tag - gm

 
 

GM

BUSINESS
Mar 28, 2020
GM will pay $120 million over faulty ignition switches
General Motors Co. has agreed to a $120 million settlement over faulty ignition switches that allegedly caused cars to stall and air bags to deploy, in some cases triggering fatal accidents.
Japan Times
BUSINESS
Dec 10, 2019
GM loans Ohio plant buyer $40 million to launch electric truck
General Motors Co. loaned the buyer of its half-century-old assembly plant in Ohio $40 million to help the cash-strapped startup roll out an electric pickup truck.
Japan Times
BUSINESS
Nov 21, 2019
GM sues Fiat Chrysler, alleging union bribery scheme cost it billions
General Motors Co. on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV, alleging that its rival bribed United Auto Workers (UAW) union officials over many years to corrupt the bargaining process and gain advantages, costing GM billions of dollars.
Japan Times
BUSINESS
Oct 25, 2019
Tesla passes GM as most valuable U.S. automaker, short sellers burned
Tesla Inc. shares soared 17 percent on Thursday after the electric carmaker surprised Wall Street by delivering on Chief Executive Officer Elon Musk's promise of a profit in the third quarter, even as doubts remained about its long-term prospects.
Japan Times
BUSINESS
Oct 18, 2019
GM workers staying on strike as members vote on new contract
The United Auto Workers will continue its strike against General Motors Co. until a tentative deal is ratified by its full membership, extending their walkout for at least another week.
Japan Times
BUSINESS
Oct 16, 2019
GM and union close to deal to end month-long UAW strike after CEO Mary Barra joins talks: sources
General Motors Co. and the United Auto Workers union were near a deal on Tuesday to end a 30-day strike that has cost the automaker about $2 billion after Chief Executive Mary Barra and President Mark Reuss took part in contract talks, according to two people briefed on the matter.
BUSINESS / Tech
Sep 5, 2019
Automakers to add alerts to prevent child deaths from heat stroke
Automakers pledged to equip nearly all new cars with reminders to check the rear seats for children, a move that one safety advocate says doesn't go far enough to prevent dozens of children who die each year from heatstroke after being left in vehicles.
Japan Times
BUSINESS
Jul 12, 2019
Ford-VW alliance over electric vehicles seen upping pressure on other carmakers
A broader alliance expected between Ford Motor Co. and Volkswagen AG has the potential to transform the global automotive industry and increase pressure on other carmakers in areas including electric and autonomous vehicles, analysts said.
Japan Times
BUSINESS
Jun 5, 2019
Toyota says U.S. tariffs on Mexico could cost its suppliers $1 billion
Toyota said U.S. President Donald Trump's proposal to slap tariffs on Mexican-made goods could cost its major suppliers $1 billion, highlighting growing concern in the U.S. auto sector.
Japan Times
BUSINESS / Companies
May 31, 2019
Nippon Steel's reinvention of its namesake metal could make car bodies 30% lighter
Imagine the weight of 24 elephants bearing down on a tiny spot the size of a postage stamp.
Japan Times
BUSINESS
May 9, 2019
GM will sell Lordstown plant and invest in Ohio, says Trump
General Motors Co. moved to solve two major political headaches on Wednesday as U.S. President Donald Trump announced the Detroit automaker will sell its Lordstown, Ohio, plant to a company to build electric trucks, while GM said it would maintain some operations at a Canadian plant.
Japan Times
BUSINESS / Companies
Jan 30, 2019
Struggling Akebono Brake seeks capital infusion from Toyota as well as debt relief
Akebono Brake Industry Co. is seeking a capital infusion from top shareholder Toyota Motor Corp. and a moratorium on debt repayment as part of a revival plan, sending its shares tumbling by a quarter on Wednesday.
Japan Times
BUSINESS
Jan 10, 2019
VW and Ford to reveal deeper alliance next week in tech quest amid trade frictions, sources say
Volkswagen AG and Ford Motor Co. will unveil a deeper alliance next week that goes beyond cooperating in commercial vehicles in a move meant to save the automakers billions of dollars as they develop new technologies, two people familiar with the plan said on Wednesday.
Japan Times
BUSINESS
Jan 3, 2019
Tesla shares tank on price cut, disappointing Model 3 deliveries
Shares in Tesla Inc. dropped as much as 9 percent on Wednesday on worries of future profitability, after the electric car maker cut U.S. prices for all its vehicles to offset lower green tax credits, while falling short on quarterly deliveries of its mass-market Model 3 sedan.
Japan Times
BUSINESS
Dec 4, 2018
Trump aide Larry Kudlow calls for end of electric vehicle subsidies created by Congress
President Trump's top economic adviser on Monday said the White House wants to end subsidies for electric vehicle purchases, without saying how it would eliminate the incentives that were created by Congress.
Japan Times
BUSINESS
Dec 3, 2018
Democratic senators blame Trump's tariffs and corporate greed for GM job and plant cuts
Donald Trump's trade war and corporate greed contributed to General Motors Co. cutting jobs and closing plants, Democratic senators in states affected by the decisions said ahead of an expected meeting this week with lawmakers and Chief Executive Officer Mary Barra. But they differed on what weighed...
Japan Times
COMMENTARY / World
Dec 2, 2018
Only American sedans are dead
The supremacy of Japanese cars has been 40-plus years in the making.
Japan Times
BUSINESS
Nov 29, 2018
Trump asking agencies to look at GM subsidy cuts after carmaker announced layoffs, closures: source
President Donald Trump has asked federal agencies to look for ways to cut subsidies to General Motors Co. following the automaker's announcement that it plans to close factories and lay off thousands of workers, according to a source familiar with his instructions.
Japan Times
BUSINESS
Nov 29, 2018
Ford reshuffles U.S. plants to beef up SUV and truck production
Ford Motor Co. said on Wednesday it will reshuffle workers at several of its plants to meet rising demand for pickup trucks and large SUVs, a process that will require finding new positions for 150 workers displaced by the changes but not result in job cuts.
Japan Times
BUSINESS
Nov 28, 2018
Trump 'very cross' with GM boss over layoffs, Larry Kudlow says
Donald Trump's top economic adviser said he had conveyed to General Motors Co. Chief Executive Mary Barra the president's anger over her plans to close U.S. factories and lay off thousands of workers.

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