General Motors

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As Venezuela Seizes Plant, GM Calls Out 'Total Disregard'

General Motors says its plant, 'other assets' were illegally taken in Valencia

(Newser) - As demonstrators march across Venezuela to protest President Nicolas Maduro's administration, General Motors is dealing with its own problems in Valencia. The automaker said in a statement Wednesday that its plant there was illegally snatched by public officials and that "other assets," including vehicles, had been swiped... More »

Tesla Is Now the Most Valuable US Automaker

Investors aren't put off by lack of profits

(Newser) - Tesla sent a jolt through the auto industry Monday by becoming the most valuable American automaker, overtaking General Motors, which sold more than 100 times as many cars last year. GM also made a profit of around $9 billion in 2016, while Tesla—which has had only two profitable quarters... More »

GM Workers Earn Record-Setting Bonus

Unionized workers will get up to $12,000 later this month

(Newser) - Score one for unions. The Detroit Free Press reports 52,000 hourly workers at General Motors will receive an up-to-$12,000 bonus later this month after the company netted a $12 billion profit in North America last year. The bonuses are part of a profit-sharing agreement negotiated by the United... More »

GM Set to Announce $1B Factory Investment: Source

AP source says jobs announcement coming Tuesday

(Newser) - General Motors will announce a $1 billion investment in its factories that will create or keep around 1,000 jobs, a person briefed on the matter tells the AP . The Detroit automaker will make the announcement Tuesday morning. The investment is part of the normal process of equipping factories to... More »

GM Doesn't Take Trump's Tweet Sitting Down

Trump threatened to slap tax on automaker for importing Cruzes

(Newser) - After swinging at China Tuesday morning on Twitter, President-elect Donald Trump set his sights on this continent, tweeting , "General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A.or pay big border tax!" Politico reports... More »

GM to SCOTUS: Our Real Birthday is 2009, Not 1908

Automaker wants to be shielded from lawsuits from before bankruptcy

(Newser) - General Motors has been cruising along since 1908 , but the automaker recently decided it would rather celebrate another birthday: July 10, 2009, making it just a tad over seven years old instead of 108. And the reason GM picked that specific date: That was the day it was "born... More »

GM Laying Off 2K Due to Change in How We Buy Cars

Factories cut shifts amid falling demand

(Newser) - Shifting demand from cars to trucks and SUVs is forcing General Motors to lay off more than 2,000 workers indefinitely at two assembly plants in Ohio and Michigan starting in January. The company said Wednesday it will suspend the third shifts at factories in Lordstown, Ohio, and in Lansing,... More »

GM Teams With Lyft on Ride-Sharing, Driverless Cars

Detroit giant makes $500M investment

(Newser) - General Motors and ride-hailing company Lyft are forming an unprecedented partnership that could help them beat their rivals to the self-driving future. Lyft said Monday that GM invested $500 million in the company as part of a $1 billion round of fundraising. GM gets a seat on Lyft's board... More »

Woman Sues GM for Crash That Left Her Trapped for 6 Days

Safety recall notices for her 2009 Malibu came too late

(Newser) - A mother of four who lost both legs below the knees and suffered a traumatic brain injury after being stuck in her 2009 Chevrolet Malibu for six days following a crash filed a lawsuit against General Motors Tuesday. NBC 9 reports Kristin Hopkins lost control of her car while driving... More »

GM Near Huge Settlement on Faulty Ignition Switches

Defect blamed in 124 deaths and 273 injuries

(Newser) - Officials expect General Motors will be fined hundreds of millions of dollars in a settlement over faulty ignition switches that resulted in 124 deaths and 273 injuries, NBC News reports. A settlement between GM and the Justice Department could come as early as tomorrow, though the Wall Street Journal —... More »

Are Americans Ready to Buy a Car Made in China?

GM may import the Buick Envision next year

(Newser) - Will US consumers buy a car made in China? General Motors may be about to find out as the company mulls importing its Buick Envision from China, where more than 57,000 of the "compact crossovers" were sold in the first half of this year, Automotive News reports. A... More »

Workers Who Hid GM Issue Might Get Off Scot-Free

Prosecutors must prove specific criminal intent, according to law

(Newser) - Prosecutors are moving forward with a criminal case against General Motors over its faulty ignition switches , but many GM employees who helped hide the issue for a decade are probably in the clear, reports the New York Times . Those familiar with the investigation say loopholes in laws relating to and... More »

GM Recalls SUVs Over Issue First Reported in 2010

Rear lift gates can fail suddenly, have caused 56 injuries

(Newser) - General Motors is recalling nearly 780,000 crossover SUVs mainly in North America because the rear power lift gates can suddenly fall and hit people. The company said today that it has 56 reports of injuries caused by the problem. The recall covers the Buick Enclave from 2008 to 2012;... More »

What the Justice Department Might Do to GM

Federal prosecutors are close to bringing a criminal case, reports the WSJ

(Newser) - Two weeks ago brought the news of an unwanted milestone for GM: 100 deaths (and counting) linked to its faulty ignition-switch system . Now, the New York Times and Wall Street Journal are reporting on the very likely possibility of criminal charges being filed against the company in connection with the... More »

Within GM Plant, an Old Jewish Cemetery

Detroit's Beth Olem is open to visitors about twice a year

(Newser) - Beth Olem Cemetery, around since the 1860s, is like many aging, final resting places, with assorted tombstones in varying condition, sizes, and styles, encircled by a brick wall and iron gate. Yet surrounding it is an unusual neighbor: General Motors' Detroit Hamtramck Plant. Visitors who drive about a mile around... More »

GM's Ignition Switch Death Toll Hits Grim Milestone

Compensation fund is making payouts to 100, and counting

(Newser) - Only last year, GM insisted it could find only 13 deaths linked to its faulty ignition-switch system . Yesterday, the independent attorney overseeing GM's compensation fund on the issue reported an unwanted milestone—100 deaths and counting, reports CNNMoney . "And as the number of victims mounts, the ignition-switch crisis... More »

Judge: 'New GM' Not Liable for Death, Injury Claims

Bankruptcy shields it from pre-2009 ignition switch claims

(Newser) - A 2009 bankruptcy order shields General Motors from billions of dollars in death and injury claims tied to defective ignition switches in older small cars, a federal judge ruled yesterday. But Judge Robert Gerber—who handled GM's government-funded bankruptcy case six years ago—also ruled that plaintiffs who claim... More »

Driver of Faulty GM Car Cleared in Fiance's Death

Candice Anderson had been convicted in 2004 crash

(Newser) - Guilt has been the prominent emotion dogging Candice Anderson in the past decade since her fiance, Gene Erickson, was killed in a 2004 car crash while she was driving. Yesterday, some of that guilt was alleviated when a Texas judge removed the criminally negligent homicide conviction from her record after... More »

Secret Emails May Not Bode Well for GM

Auto-maker ordered 500K ignition switches but kept it private

(Newser) - Newly revealed emails show that GM ordered half a million replacement switches nearly two months before alerting authorities to the problem—which would balloon into an auto-safety crisis linked to 30 fatalities and involving 2.5 million recalled cars, the Wall Street Journal reports. The email exchanges, between a GM... More »

Latest GM Recall: 221K Cadillacs, Chevy Impalas

Parking brake arm is at issue

(Newser) - General Motors has issued yet another recall, this time affecting some 221,000 vehicles worldwide. Model year 2013-2015 Cadillac XTS and 2014-2015 Chevrolet Impalas have been recalled over an issue with the electronic parking brake, the Detroit News reports. The cars "may experience poor vehicle acceleration, undesired deceleration, excessive... More »

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