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Monday, August 26, 2019

Tag: GM

Trump wants GM CEO ‘to do something quickly’ to reopen Ohio...

The idling of the Lordstown plant is costing 1,500 jobs there.

Trump urges GM to reopen Ohio plant

The president's tweet comes 10 days after the plant made its last Chevrolet Cruze.

GM reports strong profits on good sales of pricier vehicles

The American car company saw its revenue rise 1.8% to US$38.4 billion, partially due to the strong sales of higher-priced trucks in the US.

Honda joins forces with GM’s Cruise to develop autonomous vehicles

While fully autonomous vehicles remain a theoretical goal at this point, developing technologies promise swift changes to the market for consumer and commercial vehicles.

Honda takes 5.7% stake in GM Cruise self-driving unit

Honda, which has lagged behind many of its rivals in developing self-driving vehicles, is paying US$750 million upfront for the minority stake in Cruise and will invest another US$2 billion over 12 years.

GM, Ford jump as Trump’s Mexico deal averts tariff doomsday

Prior to Monday’s announcement, the Trump administration had been threatening tariffs of as much as 25% on vehicles imported from any country.

Ford follows GM’s Cruise move with self-driving spinoff

A Ford spokesperson declined to confirm whether the automaker has had discussions with SoftBank regarding a potential investment in Ford's self-driving operations.

Navarro says GM’s warning on US tariffs is ‘smoke and mirrors’

White House trade adviser Peter Navarro earlier addressed GM's warning to the Trump administration, that it could shrink US operations and cut jobs if tariffs are broadly applied to imported vehicles and auto parts.

General Motors to transfer Vietnam operation to Vingroup’s car arm

GM will transfer full ownership of its Hanoi factory to VinFast for the Vietnamese automaker to produce small cars under a GM global licence from 2019.

GM to build Chevrolet Blazer in Mexico

In the past, General Motors has received criticism for similar moves.

South Korea will consider injecting funds into GM Korea

Finance Minister Kim Dong-yeon says funds not meant to repay debt incurred by carmaker.

Despite job cuts, GM won’t abandon small car market

Across the US industry, the small car market has been in steady decline since 2014, a trend driven by lower fuel prices and an improving economy.

Disputes with temporary workers add to GM Korea’s challenges

In South Korea, where laying off full-time and unionised workers is particularly difficult, GM Korea and local peers such as Hyundai Motor Co have turned to temporary workers to a greater extent.

Almost 2,500 GM Korea workers apply for voluntary redundancy package

At the Gunsan factory which is due to be shut down, 941 out of some 2,000 workers applied for the redundancy package.

GM Korea to slash executive numbers, talks with union make little...

GM Korea plans to cut the number of executives ranked managing director or more senior by 35% and reduce the number of directors and team leaders by 20%.

GM to propose wage freeze, no bonuses for South Korean workers...

The proposal, which seeks to 'improve the manufacturing competitiveness', will also see school tuition for employees' children suspended and removal of complimentary lunches.

GM to shut South Korean plant, more cuts could follow

The US automaker expects a US$850 million impairment charge and launches voluntary retirement plan

Ex-GM of govt agency to be rearrested for money laundering

Investigation reveals there are corruption elements leading to money laundering involving about RM9 million.