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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
The incentive package sought by GM will require clearance from the state’s legislature. According to state officials from Missouri, General Motors Co is weighing its options of investing $1 billion in its assembly plant in the state, where it currently… Read More ›
As part of the cost cutting exercise, GM, the biggest automaker in the United States, has stopped work on 2 renovation projects and has also offered severance pay to 18,000 of its 50,000 salaried workers across North America. According to… Read More ›
Although the new tax reform bill, as introduced in the U.S. House of Representatives, had contained provisions to eliminate the $7,500 tax credit for EVs, the version that was introduced on Thursday in the U.S. Senate does not contain these… Read More ›
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