GM

No pedal to the metal in GM’s planned self-driving Cruise AV car

No pedal to the metal in GM’s planned self-driving Cruise AV car

Published 12/01/2018

DETROIT (Reuters) - General Motors Co (GM.N) is seeking U.S. government approval for a fully autonomous car - one without a steering wheel, brake pedal [more…]

GM plans large-scale launch of self-driving cars in U.S. cities in 2019

GM plans large-scale launch of self-driving cars in U.S. cities in 2019

Published 30/11/2017

FILE PHOTO: Children pass by a self-driving Chevy Bolt EV car during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, [more…]

GM settles California county recall case for $13.9 million

GM settles California county recall case for $13.9 million

Published 29/10/2017

General Motors Co agreed to a $13.9 million settlement with Orange County, California after prosecutors accused the Detroit automaker of intentionally concealing serious safety defects including those involving faulty ignition switches tied to nearly 400 deaths and injuries, the company said on Sunday. [more…]

GM August China vehicle sales up 12 percent year on year

GM August China vehicle sales up 12 percent year on year

Published 05/09/2017

General Motors Co’s (GM.N) vehicle sales in China rose 12 percent in August from a year earlier to 328,425 units, following a 6.3 percent increase in July, the Detroit-based automaker said on Tuesday. [more…]

GM China says sales rebound in June, promises 10 models in second half

GM China says sales rebound in June, promises 10 models in second half

Published 05/07/2017

FILE PHOTO - The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo

General Motors Co on Wednesday said sales rose in China in June after two consecutive months of decline, and promised to rebuild momentum in the world's largest car market with 10 new or refreshed models in the second half of 2017.

[more…]

General Motors says Venezuela illegally seizes auto plant

General Motors says Venezuela illegally seizes auto plant

Published 20/04/2017

The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo

General Motors (GM.N) said on Wednesday that Venezuelan authorities had illegally seized its plant in the industrial hub of Valencia and vowed to "take all legal actions" to defend its rights.

[more…]

GM to add 1,100 jobs in California over five years at self-driving unit

GM to add 1,100 jobs in California over five years at self-driving unit

Published 13/04/2017

The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October 26, 2015. Photo taken October 26. REUTERS/Rebecca Cook

General Motors Co (GM.N) said on Thursday it will add more than 1,100 jobs in California over five years at its Cruise Automation unit to boost its self-driving efforts after receiving $8 million in state tax credits.

[more…]

Investors unimpressed by Einhorn`s GM share class plan: survey

Investors unimpressed by Einhorn`s GM share class plan: survey

Published 31/03/2017

File photo: David Einhorn, founder and president of Greenlight Capital, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid

Bayliss

[more…]

Hyundai Motor hires former GM researcher to lead self-driving car center

Hyundai Motor hires former GM researcher to lead self-driving car center

Published 13/02/2017

FILE PHOTO - The logo of Hyundai Motor is seen on a wheel of a car at a Hyundai dealership in Seoul February 1, 2012. REUTERS/Kim Hong-Ji/File Photo

Hyundai Motor Group (005380.KS) has hired a former General Motors (GM.N) researcher to oversee its center to develop fully autonomous vehicles, joining other automakers and Silicon Valley giants in accelerating efforts on the fast-growing technology.

[more…]

Global automakers blame tax policy, Lunar New Year for China sales drop

Global automakers blame tax policy, Lunar New Year for China sales drop

Published 09/02/2017

Ford Taurus cars are seen during a presentation at the 16th Shanghai International Automobile Industry Exhibition in Shanghai, April 21, 2015. REUTERS/Aly Song/File Photo

China vehicle sales in January fell by the largest margin since 2015 for several global automakers, with General Motors Co (GM.N) and Ford Motor Co (F.N) blaming the roll back of a tax cut on small-engined vehicles and the Lunar New Year holiday.

[more…]