While China attracts global automakers saying its auto market is the world’s biggest, U.S. carmaker General Motors Co reported a 6.2% drop in vehicle sales in China during 2020. The carmaker suffered a prolonged sales slowdown in China throughout 2020…. Read More ›
General Motors Co
LG Chem divests its battery business, tentatively names it LG Energy Solutions
On Friday, a source familiar with the matter at hand said, shareholders of LG Chem have approved a proposal by company to separate its battery business into a new company. The development paves the way for its battery business, to… Read More ›
U.S. automakers preparing for potential Biden win
Automakers are gearing up for tough new vehicle emissions rules and policies favoring electric vehicles if Democratic presidential candidate Joe Biden wins the White House. Both, U.S. President Donald Trump and Biden need the votes of auto workers in Midwestern… Read More ›
Goldman Sachs acquiring GM’s credit card business for $2.5 billion
According to sources familiar with the matter at hand, Goldman Sachs Group Inc is buying General Motors Co’s credit card business for around $2.5 billion (£1.94 billion). According to a report from the Wall Street Journal, Goldman Sachs beat Barclays… Read More ›
General Motors gradually reopening plants in Mexico
In a statement, General Motors Co stated, it was gradually restarting its transmissions and motors lines at its Mexican plants in Ramos Arizpe located in the northern state of Coahuila and in the central city of Silao. The assembly plants… Read More ›
GM, Ford & FCA plan on resuming some production at U.S. auto plants from May 18
According to a report from the Wall Street Journal, General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV are slated to to resume some production at their U.S. factories from May 18. Their U.S. plants were shutdown in… Read More ›
GM to produce 1.5M face masks a month in Mexico from this month end
In a statement, General Motors Co said, by the end of April it will start producing 1.5 million face masks a month at its Mexican factory, located in the city of Toluca and will aim to produce 9 million masks… Read More ›
GM rolls out safety protocols for workers manufacturing ventilators
In a statement, General Motors Co said, it has begun rolling out a series of safety protocols for workers in Indiana who will be manufacturing ventilators. The development underscores a development that could potentially be a blueprint for re-opening U.S…. Read More ›
GM extends North American shutdown of plants without stating restarting date
In a statement, General Motors Co disclosed, it will extend the shutdown of its North American plants beyond March 30. It did not set a restart date. In an e-mail to suppliers, General Motors said, “given the unprecedented circumstances, exactly… Read More ›
Colorado agrees to adopt California’s zero-emission vehicle norms
This is a milestone for the electric vehicle industry in the U.S. In a significant development, there has been a breakthrough in talks with major automakers agreeing to a deal with the state of Colorado wherein the state will adopt… Read More ›