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General-Motors

UAW reaches deal with GM, ending strike against Detroit automakers
Americas 2 years ago

UAW reaches deal with GM, ending strike against Detroit automakers

The accord follows deals the union reached in recent days with Ford Motor and Chrysler-owner Stellantis- significant victories for auto workers after years of stagnant wages and painful concessions following the 2008 financial crisis.
UAW-Ford deal nets union big wins on wages, benefits, investments
Americas 2 years ago

UAW-Ford deal nets union big wins on wages, benefits, investments

At Ford, the new deal includes $8.1 billion in manufacturing investments and could give workers up to $70,000 in extra pay over the 4-1/2-year life of the contract.
UAW, automakers to resume talks as strike starts to create parts shortage
Economy 2 years ago

UAW, automakers to resume talks as strike starts to create parts shortage

The union is demanding a bigger share of profits, shorter work weeks, restoration of defined benefit pensions and stronger job security as automakers shift to electric vehicles.
Honda to launch 30 EV models by 2030
Companies 3 years ago

Honda to launch 30 EV models by 2030

Honda said it will try to achieve an annual output of over 2 million EV units by 2030 as it accelerates efforts to increase the ratio of electric and fuel-cell vehicles to 100 percent of its overall new car sales by 2040.
Chip shortage puts the brakes on automakers
Business 5 years ago

Chip shortage puts the brakes on automakers

Ford announced Thursday that it would drastically reduce output of its top-selling F-150 truck because of the shortage of semiconductors, while General Motors has announced it will suspend work at three North American factories.
General Motors sets 2035 goal for eliminating emissions from cars
Environment 5 years ago

General Motors sets 2035 goal for eliminating emissions from cars

The company made no mention of its plans for its heavy-duty fleet of trucks, and it was unclear if the change in strategy means it will intends to shift exclusively to electric vehicles.
GM teams up with Microsoft as electric car market revs
Business 5 years ago

GM teams up with Microsoft as electric car market revs

The companies have established "a long-term strategic relationship," and Microsoft will join GM, Honda and institutional investors in a new US$2 billion equity investment round, GM and  its Cruise subsidiary said in a press release.
Difficult 2020 ends on an improving note for US carmakers
Business 5 years ago

Difficult 2020 ends on an improving note for US carmakers

US auto sales for 2020 are projected to drop 15.3 percent to 14.4 million – which would make it the worst year since at least 2012 – according to a December forecast from Cox Automotive.
Tesla loses more than combined GM, Ford market value
Business 5 years ago

Tesla loses more than combined GM, Ford market value

Tesla Inc shed about US$80 billion of its market value on Tuesday, an amount that overshadows the combined value of General Motors Co and Ford Motor Co, after its surprise exclusion from the S&P 500 index.
GM, Honda announce North America car alliance
Business 5 years ago

GM, Honda announce North America car alliance

A joint press release said the venture would save money from shared vehicle platforms and propulsion systems, joint purchasing and shared research and development spending. 
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