Keyword: generalmotors

Brevity: Headers | « Text »
  • Exxon Mobil signs on to Republican-led carbon tax proposal

    06/20/2017 9:54:17 PM PDT · by Timpanagos1 · 35 replies
    Houston Chronicle ^ | 6/20/17 | James Osborne
    WASHINGTON - Exxon Mobil Corp. and other large oil companies are backing a carbon tax proposal put forward earlier this year by a group of former Republican leaders including James A. Baker III, the former secretary of state and a Houston attorney. The Climate Leadership Coalition, a group that includes Baker, former Treasury Secretary Hank Paulson, and former Secretary of State George Shultz, announced a list of "founding members" Tuesday that includes Exxon Mobil, BP, Shell, Total, General Motors and Johnson & Johnson. "We support @TheCLCouncil as a founding member and are working to support its policy development process," Exxon...
  • GM to build Texas supplier park, expects 850 new jobs

    06/17/2017 1:48:07 PM PDT · by 2ndDivisionVet · 5 replies
    Left Lane ^ | June 16, 2017 | Justin King
    The Arlington facility will consist of two manufacturing and warehouse buildings spanning more than 1.2 million square feet. General Motors has outlined plans to build a new supplier park to help support its Arlington Assembly plant in Texas. The facility will consist of two manufacturing and warehouse buildings, spanning more than 1.2 million square feet. The company expects the park to house up to 1,250 employees and bring 850 new jobs to Arlington. "GM estimates nearly 600 of the new manufacturing and professional jobs created in these facilities will replace work previously done outside of the US," the company says....
  • General Motors fires 2,700 in Venezuela after plant closure: workers

    04/24/2017 8:32:13 PM PDT · by Ciaphas Cain · 29 replies
    Reuters ^ | April 24, 2017 | Corina Pons
    General Motors' (GM.N) Venezuelan subsidiary has sent a message to almost 2,700 staff informing them that they are no longer employed by the company and had received severance pay in their bank accounts, according to two employees. A Venezuelan court last week ordered the seizure of the company's Valencia plant, ruling in favor of two dealers that had filed a case in 2000 against the subsidiary on grounds they had not complied with an agreed sale of 10,000 vehicles. Workers say that before the seizure was announced, GM had been dismantling the plant, which has not produced a car since...
  • GM plans to launch 10 electric cars in China by 2020

    04/21/2017 7:29:43 AM PDT · by Olog-hai · 5 replies
    Associated Press ^ | Apr 21, 2017 8:24 AM EDT
    General Motors Co. says it plans to launch 10 electric and gasoline-electric hybrid vehicles in China by 2020 amid government pressure on the industry to promote alternatives to gasoline. The president of GM’s China unit, Matt Tsien, said Friday during the Shanghai auto show that the company will start production of a pure-electric model in China within two years. …
  • Venezuela seizes General Motors plant as property of the state

    04/20/2017 8:17:35 AM PDT · by SeekAndFind · 126 replies
    Hotair ^ | 04/20/2017 | Jazz Shaw
    This news broke overnight and it undoubtedly comes as a shock to anyone who hasn’t been paying to socialism in general and the regime of Venezuelan President Nicolas Maduro in particular. The government of Venezuela came in and seized control of the General Motors plant in the city of Valencia, taking over the property, assets and accounts. The automotive giant responded by saying that they were immediately halting operations. (CNN) General Motors says it will immediately halt operations in Venezuela after its plant in the country was unexpectedly seized by authorities.GM (GM) described the takeover as an “illegal judicial...
  • GM halts operations in Venezuela after factory is seized

    04/20/2017 7:52:36 AM PDT · by Olog-hai · 39 replies
    Associated Press ^ | Apr. 20, 2017 10:16 AM EDT | Tom Krisher
    General Motors has stopped doing business in Venezuela after authorities took control of its only factory there in what GM called an illegal judicial seizure of its assets. The plant was confiscated on Wednesday as anti-government protesters clashed with authorities in a country that is roiling in economic troubles such as food shortages and triple-digit inflation. The Detroit automaker said in a statement Thursday that other assets such as vehicles were taken from the plant, causing irreparable damage to the company. It’s not the first time the Venezuelan government has seized a foreign corporation’s facilities. In July of last year,...
  • General Motors auto plant in Venezuela seized by government, GM decries illegality

    04/20/2017 4:47:53 AM PDT · by Ciaphas Cain · 105 replies
    Daily Sabah ^ | April 19, 2017
    General Motors said on Wednesday that Venezuelan authorities had illegally seized its plant in the industrial hub of Valencia and vowed to "take all legal actions" to defend its rights. The seizure comes amid a deepening economic crisis in leftist-led Venezuela that has already roiled many U.S. companies. "Yesterday, GMV's (General Motors Venezolana) plant was unexpectedly taken by the public authorities, preventing normal operations. In addition, other assets of the company, such as vehicles, have been illegally taken from its facilities," the company said in a statement. It said the seizure would cause irreparable damage to the company, its 2,678...
  • General Motors Plans at Least $1 Billion in Fresh U.S. Investment

    01/16/2017 8:07:54 PM PST · by GonzoII · 52 replies
    WSJ ^ | Jan. 16, 2017 | Mike Colias
    General Motors Co. this week will announce plans to invest at least $1 billion across several U.S. factories, two people familiar with the plan said, a move aimed at underlining its commitment to U.S. manufacturing jobs in the wake of President-elect Donald Trump’s criticism of the auto maker’s imports from Mexico. GM’s announcement could come as early as Tuesday, the people briefed on the plan said. The company will cite a number of new jobs in excess of 1,000 stemming from the investment but doesn’t plan to specify which of its factories are in line for more work, one person...
  • Cadillac apologizes for casting call seeking actors for an ‘alt-right (neo-Nazi)’ role

    12/12/2016 2:35:46 AM PST · by csvset · 28 replies
    WAPO ^ | The Washington Post | Cleve R. Wootson Jr.
    General Motors was under fire this weekend after a casting call for Cadillac sought members of the controversial alt-right movement. According to an image of the casting call posted by the news agency Reuters and many, many others, the notice said an agency filming the ad was looking for "any and all real alt-right thinkers/believers." "This is a beautifully artistic spot that is capturing all walks of life of America," the casting call says, adding that it would be filmed later this month. "Standing together as a union. This is not meant to be offensive in anyway. Just a representation...
  • Sarah Palin: But... Wait... The Good Guys Won't Win With More Crony Capitalism

    12/03/2016 3:23:37 AM PST · by JediJones · 115 replies
    Young Conservatives ^ | 12/2/2016 | Sarah Palin
    I am ecstatic for Carrier employees! Their bosses just decided to keep shop onshore. What a relief for hundreds of workers. Merry Christmas Indiana! We don't yet know terms of the public/private deal that was cut to make the company stay, but let's hope every business is equally incentivized to keep Americans working in America. Foundational to our exceptional nation's sacred private property rights, a business must have freedom to locate where it wishes. In a free market, if a business makes a mistake (including a marketing mistake that perhaps Carrier executives made), threatening to move elsewhere claiming efficiency's sake,...
  • Days After Election, General Motors Announces 2,000 Layoffs in Ohio and Michigan

    11/11/2016 12:24:27 PM PST · by Freedom of Speech Wins · 61 replies
    Breitbart ^ | 11-10-16 | Warner Todd Huston
    The day after the 2016 election for president, General Motors announced it was laying off another 2,000 workers in plants in Ohio and Michigan, two states that gave President-elect Donald Trump a major victory on Tuesday. GM said the layoffs will affect the third shifts in the plants in Lordstown, Ohio, and Lansing, Michigan, which build the low-selling cars sold under the Chevrolet and Cadillac brand names. “The Lordstown plant builds the compact Chevrolet Cruze, whose U.S. sales through October were down 20%,” Fortune magazine reported. “The Lansing Grand River plant builds the Cadillac ATS and CTS, whose sales were...
  • GM to sell Chinese-built car in the United States for first time

    11/09/2016 5:05:42 PM PST · by doug from upland · 18 replies
    money cnn ^ | orig Dec 2015 | Isidore
    Built in China, sold in the U.S.: It's a first for GM and any U.S. automaker. GM said it will sell the Chinese-built Buick Envision, a crossover SUV, in the U.S. market starting next year. The UAW attacked the plan, saying it was "a slap in the face." It said GM should reconsider its plans and instead build a version for the U.S. market at a U.S. plant. "The men and women of GM and the American taxpayers who invested so much in GM's future deserve better," said the union. GM agreed in its latest labor deal to invest $8.3...
  • JUST IN: Republican CEO Of General Motors Makes Stunning Presidential Endorsement

    10/06/2016 12:58:13 PM PDT · by scooby321 · 53 replies
    bipartisan report ^ | 9/06/16 | Harper Cicely
    Daniel Akerson, former CEO and chairman of General Motors, says that he has always voted Republican. That is, until Republican presidential nominee, Donald Trump, came along anyway. In an op-ed article for the Washington Post, Akerson explains why he will vote Democrat for his first time ever this year:
  • GM’s Tax Shelter-Another $16 billion not available to other car makers [Has Hillary condemned this?]

    10/03/2016 6:01:55 AM PDT · by SJackson · 6 replies
    As everyone else’s taxes rise, one favored outfit may not have to pay federal taxes for years: General Motors. In another sweet deal from its benefactors on Pennsylvania Avenue, the government-owned car company is set to profit from billions of dollars in tax breaks not available to other businesses in the same predicament. The new GM will be allowed to claim a tax benefit from some $16 billion of net operating losses carried over from the old company, allowing it to avoid paying taxes on future profits, perhaps for years. The issue is a common accounting practice called “tax-loss carry...
  • A Chevy Impala that defines “Muscle car”

    07/15/2016 6:04:55 PM PDT · by mdittmar · 71 replies
    youtube ^ | 7/15/2016 | youtube
    A Chevy Impala that defines “Muscle car”
  • GM not protected from ignition switch claims: U.S. appeals court

    07/13/2016 12:09:53 PM PDT · by jazusamo · 20 replies
    Reuters ^ | July 13, 2016 | Jessica Dye
    In a blow to General Motors Co (GM.N), a federal appeals court on Wednesday reversed part of a bankruptcy court ruling that protected the automaker from some lawsuits over an ignition switch defect that prompted the recall of 2.6 million vehicles in 2014. The 2nd U.S. Circuit Court of Appeals in Manhattan said barring plaintiffs from suing the automaker over crashes and lost vehicle value stemming from the faulty switch would violate their constitutional rights to due process, since they had not been notified of the defect prior to GM's 2009 bankruptcy. The ruling effectively rebuffs GM's attempts to shield...
  • After Original Bondholders Stiffed, GM Issues New Debt

    02/25/2016 1:08:22 PM PST · by jazusamo · 30 replies
    NLPC ^ | February 25, 2016 | Mark Modica
    "Fool me once, shame on you; fool me twice shame on me." That is a cliché that investors should keep in mind if they are considering buying into General Motors' latest debt offering. In fact, holders of GM common stock should also assess the growing similarity that New GM has with the bankrupted Old GM. GM announced last week that it will be offering an estimated $2 billion of unsecured debt to help prop up underfunded pensions with additional proceeds used for general business purposes. The move follows a contradictory continuing dialogue that proclaims the company is so cash...
  • Woman stabbed at GM Tech Center in Warren

    02/10/2016 9:04:14 AM PST · by equaviator · 26 replies
    Fox2Detroit ^ | February 10, 2016 | Hannah Saunders
    WARREN, Mich. (WJBK) - Police are investigating after a woman was stabbed at the General Motors Technical Center in Warren, Mayor Jim Fouts confirmed to FOX 2. Fouts tells us a woman walked into the 8-story building at the center of the campus and asked to speak with a female employee. The two met in the lobby and started talking but stepped outside when their conversation escalated. Sponsored Links Of Every New Car Released in 2015, These 10 Are Our Favorites Kelley Blue Book What Your Last Name Means Ancestry It was outside that the visitor pulled out a knife...
  • Worker who pulled gun to stop stabbing attack at GM Tech Center says he was fired ( Detroit )

    02/11/2016 8:24:21 AM PST · by george76 · 44 replies
    WJBK ^ | Feb 11 2016 | Hannah Saunders
    WARREN, Mich. - An employee at the General Motors Technical Center in Warren stabbed by someone visiting the plant Wednesday. The 52-year-old victim was hospitalized and suspect arrested by police - but the valet service supervisor with a valid CPL who pulled his gun to stop the attack, says he was fired. Didarul Sarder, SP+ Valet Supervisor was heading into work Wednesday morning at the General motors technical center in Warren, when he heard the cry for help. The lady kept saying 'I'm dying, someone help' and it was just natural reaction," said Didarul Sarder, SP+ Valet Supervisor. "I just...
  • Cadillac Is Killing Its Pricey ELR Plug-In Hybrid

    02/04/2016 1:36:32 AM PST · by Berlin_Freeper · 22 replies
    fortune.com ^ | February 3, 2016 | Tom Huddleston, Jr.
    Customers called it “the $75,999 Volt.” Cadillac has reportedly opted to cancel any plans to continue producing its ELR plug-in hybrid coupe after watching the luxury hybrid’s sales fall last year. According to Automotive News, Cadillac president Johan de Nysschen confirmed last week that the General Motors GM -2.46% division does not plan a follow-up to the first generation of ELRs that launched at the end of 2013. The trade publication noted that ELR sales dropped 22% last year to only 1,024 vehicles, as dealers complained about the car’s high price tag of nearly $76,000 (with shipping).