General Motors

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GM Says 5K Workers Are Leaving Voluntarily

They were given 2 weeks to decide on 'voluntary separation program' offer

(Newser) - Instead of "layoffs" and "buyouts," General Motors likes to use the terms "involuntary separations" and "voluntary separations"—and it says it has largely avoided the former by getting 5,000 workers to accept the latter. CFO Paul Jacobson said Tuesday that around 5,000...

GM Pulls Plug on the Camaro
So Long, Camaro
Mar 24, 2023 1:19 PM CDT

So Long, Camaro

Automaker will stop making iconic muscle car, but it's possible an electric version will emerge

(Newser) - The Chevrolet Camaro, for decades the dream car of many teenage American males, is going out of production. General Motors, which sells the brawny muscle car, will stop making the current generation early next year. The future of the car, which is raced on NASCAR and other circuits, is a...

GM Unveils Fastest Corvette Yet, a Hybrid

The E-Ray costs $104K and does 0-60 in 2.5 seconds

(Newser) - On the 70th anniversary of when the first Corvette was unveiled to the public, GM introduced its latest iteration on Tuesday. The E-Ray hits some notable milestones:
  • Hybrid: The E-Ray is a gas-electric hybrid, a first for the model. It's like the Toyota Prius in that the battery doesn'
...

GM Retirees Who Lost Full Pensions Turn to Congress

Bankruptcy deal cut payments and benefits for 20K Delphi workers

(Newser) - Dave Muffley thought he had it made when it came to a solid retirement. The Indiana man spent roughly 30 years as a salaried maintenance technician for Delphi Corp., a subsidiary of General Motors, and expected to retire with a comfortable income by the time he hit 62. But when...

GM&#39;s Net Income Tumbles 40%
GM's Net Income Plummets 40%
Jul 26, 2022 7:30 AM CDT

GM's Net Income Plummets 40%

Chip, parts shortages hindered sales in Q2

(Newser) - General Motors' second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and drove the company's US sales down more than 15%. The Detroit automaker earned $1.67 billion from April through June, in part because it couldn't deliver 95,...

2 Big Recalls From 2 Major Automakers

Ford is pulling back 737K vehicles over braking, oil leaks; GM 681K vehicles for wiper issues

(Newser) - While it may have been unfortunate timing, Ford's April Fools' Day announcement was the real deal: The auto manufacturer is recalling more than 737,000 vehicles for two separate issues. Per the AP , about 345,000 Ford Escape SUVs (years 2020 through 2022) and the 2021-22 versions of the...

Ford Is Breaking Up
Ford Is Breaking Up
Mar 2, 2022 11:10 AM CST

Ford Is Breaking Up

CEO says restructuring will help company beat the competition in electric vehicles

(Newser) - Ford will split its electric vehicle and internal combustion operations into two distinct but strategically interdependent businesses as part of a major restructuring to accelerate its adaptation of new technology, the Detroit automaker said Wednesday, adding its transformation into an EV company is accelerating. Ford Model e—to be led...

GM Hits Ford With Trademark Infringement Suit

Automakers disagree about having 'Cruise' in a name

(Newser) - General Motors has said "not so fast" to Ford's plans to soon add a new hands-free highway driving system to vehicles. The issue is the name, BlueCruise, USA Today reports. GM finds that too close to Super Cruise, its own hands-free technology, and Cruise, the automaker's subsidiary...

Battery Fires Spark Electric Car Recall

GM issues second recall of its Chevrolet Bolt

(Newser) - General Motors is recalling some older Chevrolet Bolts for a second time to fix persistent battery problems that can set the electric cars ablaze. Until repairs are done, GM says owners should park the cars outdoors, limit charging to 90% of battery capacity, and not deplete batteries below 70 miles...

GM Recalls 400K Pickups
GM Recalls 400K Pickups
Jul 9, 2021 10:53 AM CDT

GM Recalls 400K Pickups

Air bags can rupture in 2015-16 Chevy and GMC trucks

(Newser) - General Motors is recalling more than 400,000 pickup trucks in the US because the side air bags can explode without warning and spew parts into the cabin, per the AP . The recall covers certain 2015 and 2016 Chevrolet and GMC Sierra 1500, 2500, and 3500 trucks. US safety regulators...

NASA Orders High-Performance Lunar Vehicles
NASA Orders Way
Off-Road Vehicles
May 26, 2021 4:38 PM CDT

NASA Orders Way Off-Road Vehicles

GM-Lockheed collaboration to design rugged, faster electric rovers

(Newser) - General Motors is teaming up with Lockheed Martin to produce the ultimate off-road, self-driving, electric vehicles—for the moon. The project announced Wednesday is still in the early stages and has yet to score any NASA money, the AP reports. But the goal is to design light yet rugged vehicles...

GM Sets a Date for Going All Electric

Company wants to leave fossil fuels in the rearview mirror by 2035

(Newser) - General Motors has put a date on its worldwide change to an all-electric fleet of vehicles: 2035. The automaker had said the switch would be thrown at some point but had not said when. Chief executive Mary Barra announced the goal Thursday on social media, the Wall Street Journal reports....

GM Now Agrees With Biden's Plan, Not Trump's

Says it is pulling out of lawsuit involving California and clean-air standards

(Newser) - General Motors says it will no longer support the Trump administration in legal efforts to end California's right to set its own clean-air standards. CEO Mary Barra said in a letter Monday to environmental groups that GM will pull out of the lawsuit, and it urges other automakers to...

GM Must Recall 6M Trucks, SUVs
GM Must
Recall 6M
Trucks, SUVs
Nov 23, 2020 9:50 AM CST

GM Must Recall 6M Trucks, SUVs

Pricey move involves Takata air bags

(Newser) - The US is making General Motors recall and repair nearly 6 million big pickup trucks and SUVs equipped with potentially dangerous Takata air bag inflators, per the AP . The decision announced Monday by the National Highway Traffic Safety Administration will cost the automaker an estimated $1.2 billion, about one-third...

Here Are the 10 Most Powerful Women in Business

Accenture CEO Julie Sweet tops 'Fortune' list

(Newser) - For nearly a quarter of a century, Fortune has published a list of the most powerful women in the business world, but this year the magazine notes it hasn't been "business as usual." Obviously, that's because of the pandemic and the effects it's had upon...

After Signing a $2B Deal With GM, Accusations and an Exit

Nikola founder Trevor Milton steps down

(Newser) - Electric and hydrogen-powered truck startup Nikola secured a $2 billion partnership with General Motors earlier this month—and lost its founder two weeks later amid swirling accusations about an "intricate fraud" allegedly carried out by the company. Trevor Milton, who also served as the executive chair, stepped down Monday...

Who Is That Masked Man? It's VP Mike Pence

He dons a mask on tour of GM plant after criticism of Mayo Clinic visit

(Newser) - For Mike Pence, it's a different look and much less controversy. The VP wore a mask Thursday while touring a General Motors plant in Indiana, reports the Hill . It's the first time Pence has worn one on camera. Pence, of course, took much grief in the media for...

Auto Workers: Forget the Risks, We're Doing This

Hundreds of workers from Ford, GM, and other companies are making medical gear

(Newser) - Cindy Parkhurst could have stayed home collecting most of her pay while the Ford plant where she normally works remains closed due to coronavirus fears. Instead, she along with hundreds of workers at Ford, General Motors, Toyota, and other companies has gone back to work to make face shields, surgical...

GM CEO: 20-Hour Days Sped Up Ventilator Process

First batch will be delivered by end of April

(Newser) - Late last month, President Trump invoked the Defense Production Act to mandate that General Motors start cranking out ventilators in bulk to help in the fight against the coronavirus. Now GM and Ventec Life Systems, the medical tech firm it's working with, say they'll deliver their first batch...

Trump Invokes Act to Compel GM to Make Ventilators

Earlier, he lashed out at General Motors and Ford

(Newser) - President Trump lashed out at US automakers Friday and demanded they begin making ventilators to help hospitals cope with the pandemic. Hours after airing his complaints on social media, Trump invoked the Defense Production Act to require that General Motors make the machines, reports the Washington Post . The act gives...

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