Keyword: generalmotors

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  • No one asks the top CEOs where they went to college (very good article)

    03/14/2019 9:24:15 PM PDT · by Beave Meister · 42 replies
    Chicago Business.com ^ | 3/14/2019 | JOE NOCERA
    The perception that only elite schools produce elite leaders needs to die. The No. 1 company in last year’s Fortune 500 was Walmart Inc., with $500 billion in revenue. That would make its chief executive, Douglas McMillon, a pretty important and powerful executive, don’t you think? Can you guess where he went to college? The University of Arkansas. He has an MBA, too. From the University of Tulsa. Second on the list was Exxon Mobil Corp. Its CEO, Darren Woods, went to Texas A&M. Third was Berkshire Hathaway Inc., run by the man many consider the greatest investor who ever...
  • GM Will Begin Massive Layoffs. Here's How Many Jobs Are Being Axed.

    02/02/2019 7:31:40 PM PST · by SeekAndFind · 43 replies
    Townhall ^ | 02/02/2019 | Beth Baumann
    General Motors plans to lay off 4,000 salaried works beginning Monday, CNN reported. This is part of the company's previously announced 15 percent workforce reduction that was announced back in November. Along with letting workers go, GM is also closing four manufacturing plants in the United States and another in Canada. The company made the decision as part of a strategic move to free up $6 billion annually. That money will then be used to invest in new technology, including electric and self-driving cars as well as a ride sharing service. By making these cuts, GM believes they can save...
  • Prediction 2019 (a little late, and a total freakin' vanity)

    01/27/2019 6:08:57 PM PST · by SunkenCiv · 61 replies
    various | January 1st, 2019, Belated Happy New Year! | various
    Pretty much any subject, stupid humor is fine, general stupidity not so much, and please no snarking, that's directed at you snarky SOBs. Someone used to do a thread like this every year, but, alas, he got banned. The good news (for me, anyway) is I just noticed that a really big butthole (not the same FReeper) got banned for NeverTrumping back in 2016, and I hadn't missed the ******* at all. That got me thinking, because the predictions thread guy also got booted for NeverTrumpism, if memory serves (not sure, I think I'd already been kicked out for something...
  • Ford debuts 700-horsepower ‘street-legal’ Mustang Shelby GT500

    01/14/2019 7:23:47 AM PST · by C19fan · 60 replies
    CNBC ^ | January 14, 2019 | Robert Ferris
    Ford’s new Mustang GT Shelby 500 is a 700-horsepower monster Ford says is the quickest street-legal Mustang in history. The latest iteration of Ford’s Shelby GT variant of the iconic Mustang pony car inherits the name of racer and engineer Carroll Shelby, who worked with Ford to design the first GT500 in 1967 — a car that now is considered a legend among American muscle cars. The new version, which debuted at the Detroit auto show on Monday, goes from 0 to 60 miles per hour in the “mid-3 second” range, Ford said. It borrows technology from Ford’s GT super...
  • General Motors Sues Avanti Motors in "Studebaker SUV" Dispute

    02/16/2003 8:19:45 AM PST · by pttttt · 30 replies · 778+ views
    Yahoo-AP ^ | Feb. 14, 2003 | not given
    GM Sues Avanti Motors in SUV Dispute Fri Feb 14, 5:45 PM ET DETROIT - General Motors Corp. has filed a trademark infringement lawsuit against Avanti Motor Corp., saying Avanti's new Studebaker XUV too closely resembles GM's Hummer H2 sport utility vehicle. GM said in a statement Friday that the Studebaker XUV, which debuted Friday at the Chicago Auto Show, "knocks off and misappropriates the shape" of the Hummer H2. GM trademark attorney Charles Ellerbrock said "the Studebaker XUV is so similar to the H2 that the public will be confused by the knock off of the H2. "GM will...
  • Volkswagen, BMW increased US car sales in 2018

    01/04/2019 1:47:31 PM PST · by Olog-hai · 12 replies
    Deutsche Welle ^ | 01.03.2019 | dv/sms (dpa, Reuters)
    Volkswagen and BMW increased their 2018 car sales in the United States while major American competitors General Motors (GM) and Ford both had declines in new vehicle sales, according to sales reports published on Thursday. Volkswagen sold over 350,000 cars in the US in 2018, a 4.2 percent increase over 2017. It was the company’s second year of sales increases after sales plummeted following the dieselgate scandal, where a US investigation uncovered massive fraud in its diesel emissions reporting. Volkswagen’s boost in sales figures were helped by popular SUVs Tiguan and Atlas. BMW saw an increase of 1.7 percent to...
  • Lear plant in Flint hiring to fill 400 jobs (Michigan)

    12/27/2018 12:39:32 AM PST · by 2ndDivisionVet · 20 replies
    Flintside ^ | December 26, 2018 | Ashley Schafer
    FLINT, Michigan — Lear is planning a massive three-day hiring effort to fill 400 open jobs at its new Flint manufacturing facility: Resumes can be dropped off 8 a.m. to 4 p.m. Jan. 3-5 at the new Lear plant, 902 E. Hamilton Ave. in Flint. Pay starts at $13.85 for the positions, which are permanent, with a second- and third-shift premium of $0.30 per hour. Lear also offers annual pay increases as well as health benefits including low-cost medical, dental, and vision coverage after 90 days of employment. Employees also are eligible for 401(k) and paid vacation time after one...
  • Idle hands in China workshops: foreign carmakers struggle with zombie plants

    12/26/2018 9:08:53 PM PST · by SunkenCiv · 22 replies
    WSJ via EFE ^ | Christmas Day, December 25, 2018 | unattributed
    A downturn in China's car market has wrong-footed some of the world's biggest automakers, saddling them with factories they no longer need and that are costly to retool, according to a report from the Dow Jones Newswires supplied to EFE on Tuesday. Ford Motor, Peugeot and Hyundai Motor especially mistimed recent expansions, opening new plants just as the seemingly unstoppable growth of China's auto market went into reverse.
  • [snip] Tesla founder 'would be interested' in taking over General Motors' idled factories

    12/07/2018 5:48:24 PM PST · by Eddie01 · 26 replies
    daily mail ^ | Dec. 7, 2018 | ANNIE PALMER
    Full Title: Could Elon Musk save the jobs of GM workers? Tesla founder 'would be interested' in taking over General Motors' idled factories Elon Musk is eyeing General Motors' once-occupied plants. The billionaire tech mogul said it's 'possible that [Tesla] would be open' to taking over automakers' old plants, such as the five factories closed by GM last month. The comments came during Musk's wide-ranging interview with CBS' '60 Minutes.' GM CEO Mary Barra announced in November that the car manufacturer would close five factories in North America and lay off some 14,700 workers as a result. Musk indicated that...
  • Kudlow: US to end subsidies for electric cars, renewables

    12/03/2018 12:57:48 PM PST · by yesthatjallen · 68 replies
    The Hill ^ | 12/03/18 | Megan Keller
    White House economic adviser Larry Kudlow said on Monday the Trump administration will end subsidies for electric cars and renewable energy sources, Reuters reports. Kudlow said he expected subsidies for electric cars would end by 2020 or 2021, according to the report. The remarks were made in response to a question about what the administration would do about General Motors' plans to layoff 15,000 people and shutter five plants across North America. The company's plans have sparked outrage in Washington from both parties. Trump last week floated cutting GM's subsidies for electric vehicles and raising auto tariffs to punish the...
  • The only winner of the GM bailout was Obama 2012: GM Should Have Been Allowed to go Bankrupt

    11/30/2018 6:44:38 AM PST · by SeekAndFind · 40 replies
    American Thinker ^ | 11/30/2018 | Silvio Canto Jr.
    Back in 2012, the Obama reelection team reminded us that they got Osama bin Laden an d saved GM.  It probably gave Obama Ohio at less than 200,000 votes out of 5 plus million cast.  It did not hurt in Michigan.  It certainly energized the unions to cast ballots for the man who "saved" their jobs. Yes, they got Osama bin Laden.  But they didn't really save GM or do the workers any favor on a long-term basis. Looking back, the GM bailout was a partisan band aid.  I like what Kevin D. Williamson wrote about this:      What did U.S....
  • Thousands moved out for a new GM factory; now it's closing

    11/30/2018 5:59:21 AM PST · by george76 · 80 replies
    Reuters ^ | November 26, 2018. | David Shepardson;
    General Motors Co on Monday pulled the plug on the Chevrolet Volt hybrid and the Detroit-Hamtramck Assembly plant that builds it, both examples of a costly gamble that is not paying off. GM’s widely touted factory of the future, forced on a town desperate for jobs and hailed decades later by former resident Barack Obama, is set to wind down over the next few years, leaving beleaguered Hamtramck wondering what happened. Detroit Mayor Mike Duggan said at a news conference Monday that he told GM chief executive Mary Barra Monday that “we moved thousands of people out of that neighborhood...
  • GM bought back $10 billion in stock since 2015, double what job cuts will save

    11/28/2018 8:28:43 AM PST · by C19fan · 28 replies
    CBS News ^ | November 27, 2018 | Irina Ivanova
    When General Motors announced it was cutting up to 14,000 jobs and idling five automotive plants, it justified the massive cuts by citing long-term savings. The cuts would free up $6 billion in cash, for a net savings of $4.5 billion in cash by 2020. The move will "make General Motors more agile, resilient and profitable" while the economy's still revving, CEO Mary Barra told investors Monday. Wall Street seemed to believe her, with GM's stock rising nearly 5 percent and one analyst on the call congratulating her "on getting in front of the curve here." But GM hasn't exactly...
  • General Motors Restructures

    11/28/2018 3:40:51 AM PST · by reaganaut1 · 74 replies
    National Review ^ | November 28, 2018
    Faced with the bad news from GM — which is discontinuing several passenger-car lines, shuttering five North American factories, and laying off thousands of workers — President Donald Trump responded with his habitual bluster, telling GM they “better damn well open a new plant” in Ohio, and boasting that he was “very tough” on the automaker’s CEO. As is often the case, President Trump’s bluster is unhelpful. General Motors almost certainly is doing the right thing, as painful as that is going to be for the workers who lose their jobs and for the communities that had relied on —...
  • 'This is the THANKS we get!' Trump warns General Motors he'll cut ALL its government subsidies in...

    11/27/2018 6:02:21 PM PST · by Morgana · 52 replies
    Daily Mail UK ^ | November 27, 2018 | Geoff Earle, Deputy U.s. Political Editor and David Martosko For Dailymail.com
    FULL TITLE: 'This is the THANKS we get!' Trump warns General Motors he'll cut ALL its government subsidies in retaliation for closing U.S. auto plants President Donald Trump threatened to punish General Motors following the company's decision to shutter Midwest manufacturing plants and lay off thousands of U.S. workers. A day after the news of the layoffs rattled the industry and raised a potential political problem for the president, the president followed up on an earlier threat that the automaker 'better damn well' open a new plant. He threatened to yank subsidies for electric cars – as GM seeks to...
  • Shame on Trump for ordering General Motors to “put something else in”

    11/27/2018 12:15:47 PM PST · by grundle · 94 replies
    wordpress ^ | November 27, 2018 | Dan from Squirrel Hill
    Shame on Trump for ordering General Motors to “put something else in” Reuters just published this article about General Motors planning to close a plant in Ohio due to there being less demand for small cars.Trump responded by saying:“They better put something else in.”It’s not the job of the President to tell private companies what products to make or how many kinds of products to make.Shame on Trump for trying to give himself powers that are not authorized in the Constitution!
  • Latest Genius Idea From Central Planning: Mandatory Anti-Entrepreneurial Posters

    01/03/2011 5:14:15 PM PST · by Kaslin · 13 replies
    IBD Editorials ^ | January 3, 2010 | RALPH R. REILAND
    Just when it looked like employers were getting less fearful about what President Obama might do next to worsen the business climate, the National Labor Relations Board (now with its first Democratic majority in a decade, thanks to Obama's appointees) has announced that private employers will be required to display pro-unionizing posters in their businesses under a newly proposed federal rule. "The planned rule," reported the Associated Press, "would require businesses to post notices in employee break rooms or other prominent locations to explain workers' rights to bargain collectively, distribute union literature or engage in other union activities without reprisal."...
  • Paging Joe Biden: Yes, Osama bin Laden is still dead, and General Motors is alive...sort of

    11/28/2018 8:42:24 AM PST · by SeekAndFind · 4 replies
    American Thinker ^ | 11/28/2018 | Ethel C. Fenig
    That was then: Over six years ago, then-vice president Joe Biden (D) was campaigning for a second term for the Democratic administration of Barack Hussein Obama and himself with this proud theme: If you are looking for a bumper sticker to sum up how President Obama has handled what we inherited, it's pretty simple: Osama bin Laden is dead and General Motors is alive.  He was referring, of course, to the assassination of terrorist Osama bin Laden, indicating a successful American foreign policy during the Obama administration, and simultaneously the government bailout of General Motors indicating a successful domestic policy of providing...
  • Trump And The Border: The Troops And Tear Gas Show Gets Upstaged By General Motors

    11/28/2018 2:37:52 AM PST · by Nextrush · 8 replies
    Nextrush Free ^ | 11/28/2018 | Nextrush/Self
    Its easy to feel good about security enhancement at the southern border to keep people from Mexico and points south from getting into the country, people who may be criminals, people who may take jobs from Americans. But then along comes General Motors announcing a "restructuring" which will close down four plants in the US and affect more than 10,000 jobs in America. They plan to move those jobs to Mexico and even China. So the jobs are lost to Americans anyway because of the machinations of a multi-national corporation. President Trump is not happy and is talking about cutting...
  • Trump threatens to end subsidies to GM for electric cars over layoffs

    11/27/2018 3:32:57 PM PST · by TBP · 71 replies
    The Blaze ^ | November 27, 2018 | Mike Ciandella
    President Donald Trump threatened on Twitter to end government subsidies for General Motors in retaliation for layoffs the company announced Monday. What layoffs? General Motors announced that it would be laying off 14,700 workers, including 6,000 factory workers, and closing down four plants in the United States and one in Canada. While GM, and other car companies, have spoken out against rising production costs caused by the Trump administration’s protectionist tariffs, a spokeswoman for the company told TheBlaze that the layoffs and plant closures “are being made as part of our ongoing transformation and are not related to recent trade...