SAIC Motor Corp. expects annual sales to fall for the first time in at least 14 years as China’s biggest automaker battles through a slump in demand roiling the world’s largest car market, according to people familiar with the matter.
July 19, 2019Business, Technology
GM Chinese Ally SAIC Braces for First Decline in Annual Sales in 14 Years
Business
Car Plant Closings, Corruption Color Detroit Three-UAW Talks
On one side of the bargaining table will be union brass angry about plant closures and embarrassed by scandal. On the other will be auto executives sweating shrinking sales and risky billion-dollar bets to survive an era of disruption.
July 15, 2019Government, Business, Logistics
GM Won’t Get Tariff Relief for Chinese-Built Buick Envision
The largest U.S. automaker can’t get a pass on tariffs snagging one of its models. The Trump administration refused to grant General Motors Co. an exclusion for its Chinese-built Buick Envision SUV, keeping in place a 25% duty on the import.
June 5, 2019Business, Technology, Logistics
Tesla’s Secret Source of Cash Unmasked as GM and Fiat Chrysler
General Motors Co. and Fiat Chrysler Automobiles NV disclosed to the state of Delaware earlier this year that they reached agreements to buy federal greenhouse gas credits from Tesla.
June 3, 2019Government, Business, Equipment, Logistics
GM, Ford Slip as Auto Sector Hit by Trump’s Mexico Threat
U.S. automakers and parts suppliers were among the sectors hit hardest in early trading May 31 after President Donald Trump’s threat to impose a tariff of up to 25% on Mexican goods. General Motors Co. and Ford Motor Co. each fell more than 3%.
May 31, 2019Government, Business, Logistics
UAW Says GM Dismissed Concessions Before Idling Cruze Plant in Ohio
Three weeks after employees at the Lordstown General Motors Co. compact car plant assembled their last Chevrolet Cruze, employees are filing into the United Auto Workers Local 1112 hall to sign up for unemployment benefits and try to figure out if they should take a transfer to another GM plant or wait it out.
March 29, 2019Government, Business, Technology, TCA
GM to Invest $300 Million, Create 400 Jobs at Michigan Plant
General Motors Co. will invest $300 million in its Orion Township. Mich., assembly plant, a move that will create 400 jobs in suburban Detroit.
March 22, 2019Business, Logistics, TCA
GM Plans Electric Investment in Michigan Plant
General Motors Co. will throw a bone to President Donald Trump on March 22 by announcing an investment in its electric-car plant north of Detroit after enduring days of intense criticism for idling an Ohio factory.
March 21, 2019Government, Business, Logistics
Trump Suggests GM Should Sell Idled Ohio Auto Plant
President Donald Trump said March 20 that General Motors Co. should sell an idled plant in Lordstown, Ohio, or restart production. The company said it’s received inquiries about factory.
March 21, 2019Business, Technology, Autonomous, TCA
Detroit at Center of Autonomous Tech Universe, Navigant Report Shows
A new study by Navigant Research rates three companies as leaders in the race to develop and make money on self-driving, autonomous cars and trucks.
March 14, 2019