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General Motors News

26 Dec 2022

Hyundai is now world’s third largest carmaker; only behind Toyota, Volkswagen

While in India, Hyundai is the second best-selling car brand, apart from being the biggest exporter of vehicles, globally, it's now the third largest carmaker.

20 Jan 2021

The Beast: Know everything about Joe Biden's ride; this Presidential Limousine

The Beast was taken into the Presidential Secret Service fleet in 2018 after spending a great time in R&D, the Beast is based on Cadilac. A military-grade armour which is five inches thick makes up for the outer sheet of the Beast. The vehicle is built like a tank and can survive any attack thrown at it.

12 Feb 2020

General Motors Korea to suspend assembly line as virus hits parts supply

One of the two assembly lines at GM Korea's Bupyeong complex, west of Seoul, which can make over 400,000 vehicles annually, will be closed next Monday and Tuesday due to shortages of parts from China, said a company representative.

05 Feb 2020

GM rolls back 'radical' plan to offer only 3-cylinder engine cars in China

GM went further than competitors, discontinuing four-cylinder versions for many models in the world`s largest auto market.

16 Sep 2019

General Motors braces for nationwide strike in 12 years

GM has long been criticized by President Donald Trump for moving production to Mexico as well as closing assembly plants in Ohio and Michigan, which could be key states in the elections in 2020.

27 Nov 2018

General Motors to close plants, cut staff by 15%

The automaker said it will close two assembly plants in the US and one in Canada, along with two others in as-yet-unidentified countries.

26 Nov 2018

GM to cut car production in North America, halt some models: Source

Cost pressures on GM and other automakers and suppliers have increased as demand has waned for traditional sedans.

02 Mar 2018

GM plants to cut 5,000 South Korean jobs, keep production at current level

The US automaker announced last month that it would shut down a factory in Gunsan, southwest of Seoul.

15 Nov 2017

GM CEO promises profitable electric vehicles by 2021

The company aims to cut the cost of its lithium-ion batteries to less than $100 per kilowatt-hour from $145 per kilowatt-hour by 2021, which would bring the overall cost of electric vehicles much closer to comparable gasoline-engine models.

US stock indexes

03 Oct 2017

Wall Street hits new record as techs, autos rise

Eight of the 11 major S&P indexes were higher, led by technology and consumer discretionary sectors.

06 Sep 2017

Nissan unveils new electric car in bid to drive off competition

The second-generation Nissan Leaf has a potential range of 400 kilometres (250 miles) between charges, compared with 250 kilometres for its previous version.

08 Jun 2017

GM dealers plan class action suit over 'measly' compensation

Dealers of General Motors, which has decided to stop selling vehicles in India by year-end, are gearing up to drag the auto major to court while also exploring possibility of a class action suit in the US, over "measly" compensation.

General Motors Co

25 May 2017

General Motors to cut jobs in international HQ in Singapore -source

About 90 employees will leave the company by the end of June and 40 by the end of 2017.

28 Apr 2017

General Motors ceases production at Halol plant

GM has been in talks with China's SAIC Motor Corporation to sell the plant.

22 Apr 2017

GM plans to launch 10 electric cars in China by 2020

Beijing has the most aggressive electric car goals and is pressing global automakers to help develop the industry.

06 Mar 2017

PSA pays GM $2.3 billion for Opel, sets first recovery goals

PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), creating a new regional car giant to challenge market leader Volkswagen.

06 Mar 2017

GM falls out of love with Opel, sells it to Peugeot

PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), creating a new regional car giant to challenge market leader Volkswagen.

30 Jan 2017

Toyota sold 10.2 million vehicles worldwide, fewer than VW

Toyota has relinquished the title of the world's biggest automaker, reporting on Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen's 10.31 million.

23 Jan 2017

General Motors $1 billion plan for India put on hold

Struggling to make a turnaround in India, General Motors has put on hold its investments on new models for the country as the US auto major undertakes a full review of its future product portfolio here.

17 Jan 2017

General Motors to announce $1 billion in US investment

General Motors Co will announce as early as Tuesday long-held plans to invest about $1 billion in its U.S. factories, following recent criticism of the company by President-elect Donald Trump, a person briefed on the matter told Reuters late on Monday.

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