General Motors

Egypt set to lay out infrastructure of charging stations of electric cars in January

Wed, 22 Dec 2021 - 02:04 GMT

The infrastructure of charging stations for electric cars are set to be laid in January, said Engineer Salma Hussein, Head of the Licensing Sector at the Electricity Utility and Consumer Protection Regulatory Authority.

GM president says Egypt heading to tech-based future, emphasizes partnership

Sun, 12 Dec 2021 - 12:25 GMT

Egypt is at an inflection point with entrepreneurship and energy preparing the country for a technology-based future, Steven Kiefer, President of General Motors, has said.

Mansour, General Motors study manufacturing of electric cars in Egypt

Thu, 02 Dec 2021 - 05:33 GMT

Mansour said that according to a memorandum signed on Wednesday, the two companies will study production requirements and volumes and the incentives they may need from the government, without specifying what form those incentives may take, according to Reuters.

GM CEO will keep 'open mind' on plant closings, acknowledges anger

Thu, 06 Dec 2018 - 09:08 GMT

U.S. President Donald Trump told GM last week that the company had “better” find a new vehicle to build at the plant in Ohio, which could be crucial to his re-election chances in 2020.

Trump threatens to cut GM subsidies in retaliation for U.S. job cuts

Wed, 28 Nov 2018 - 09:13 GMT

“The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including ... for electric cars,” Trump said on Twitter.

GM offers buyouts to cut costs after strong quarterly profit

Thu, 01 Nov 2018 - 09:24 GMT

GM shares jumped more than 8 percent to $36.34, their highest in almost six weeks.

GM will recall more than 3.3 million vehicles in China: market regulator

Sun, 30 Sep 2018 - 08:52 GMT

The recall includes cars produced between 2013 and 2018, the State Administration for Market Regulation said in a statement.

GM squeezes pounds and pennies to attack Ford's pickup profit machine

Thu, 09 Aug 2018 - 08:35 GMT

The redesign of the Ford F-series trucks, launched in 2014, set a new standard for fuel economy and lightweight vehicle construction.

Trump's auto tariff plan threatens GM's $7 billion South Korea rescue

Wed, 30 May 2018 - 09:17 GMT

Earlier this month GM agreed on the bailout package with the South Korean government in return for a pledge to stay in the country for at least 10 years.

GM, South Korea weigh raising investment plan in unit from $2.8B

Wed, 25 Apr 2018 - 07:37 GMT

GM Korea averted bankruptcy on Monday after striking a last-minute wage deal with its labor union.

South Korea's KDB eyeing deal to inject funds into GM Korea

Tue, 17 Apr 2018 - 07:57 GMT

GM proposed in February an investment of $2.8 billion into its loss-making South Korean operations over 10 years, days after announcing a sweeping overhaul.

GM will stop reporting monthly U.S. vehicle sales

Tue, 03 Apr 2018 - 08:04 GMT

GM will also no longer report monthly sales in China, its largest market, and Brazil.

GM says South Korean unit to file for bankruptcy

Tue, 27 Mar 2018 - 07:40 GMT

The U.S. automaker announced in February it would shut down one of its four factories in South Korea, and asked for government support and union concessions to stay in South Korea.

South Korean firms hit by GM plant shutdown to get $37M aid

Mon, 26 Mar 2018 - 07:28 GMT

South Korea began doing due diligence on GM Korea to decide whether to extend financial support to the loss-making operations of GM,.

GM Korea to slash executive numbers

Wed, 28 Feb 2018 - 08:00 GMT

A GM Korea spokesman confirmed the plan, noting that the unit had around 150 executives and hundreds of team leaders.

GM proposes $2.8 billion, 10-year investment in South Korea

Wed, 21 Feb 2018 - 07:50 GMT

The plan comes as the Detroit carmaker and the South Korean government discuss restructuring options at loss-making GM Korea, one of GM’s largest offshore operations.

GM offers $2.2B debt for equity swap in return for Seoul's support

Tue, 20 Feb 2018 - 07:26 GMT

General Motors has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity.

South Korea union says GM plant closure move is 'death sentence'

Wed, 14 Feb 2018 - 08:51 GMT

Workers at a General Motors plant in South Korea that the U.S. automaker plans to close staged a protest on Wednesday, calling the decision a “death sentence” and threatening a strike.

General Motors reaches tentative deal with striking Canada workers- wires

Sat, 14 Oct 2017 - 04:20 GMT

General Motors Co said on Friday it reached a tentative labor agreement with striking workers at its CAMI plant in Canada.

GM blasts $1 billion deal between ignition switch plaintiffs, creditor trust

Sat, 12 Aug 2017 - 12:17 GMT

Plaintiffs suing General Motors over faulty ignition switches and other alleged vehicle defects have reached a $1 billion settlement requiring the automaker to turn over.