Posts Tagged ‘gm news’

GM Plans Month-Long Shutdown at Flint Truck Plant

Plans are two weeks longer than usual.

by on Feb.19, 2018

GM is going to be laying off employees at its plant in Flint, Michigan, for two weeks after the company's traditional two-week shutdown.

General Motors told employees it plans to close down the company’s big truck assembly plant in Flint, Michigan, for the month of July.

The company said in a memo circulated to employees of the truck assembly plant that the plant will be closed for a “mandatory” two-summer vacation shutdown starting in early July. The two-week vacation shutdown will be followed by a two-week layoff for most of the employees at the plant, according to the memo, which was posted to a union website.

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The memo said some employees will be required to work during the temporary shutdown as the plant will be undergoing a series of improvements to the plant, which a key center for production of GM’s Chevrolet and GMC heavy-duty pick-up trucks. (more…)

Maven Making Move to Toronto

Service expands into new country.

by on Feb.14, 2018

GM's car-sharing service, Maven, continues to grow. The on-demand access to vehicles is now in Canada's largest city, Toronto.

General Motors car-sharing service, Maven, which offers customers access to personalized, on-demand mobility services, has opened for business in Toronto, Canada’s largest city.

So far, GM has rolled out Maven in more than a dozen cities in North America, including New York and Los Angeles.

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“Toronto has a unique spirit. Residents are constantly on the go and want more sharing and mobility options,” said Julia Steyn, vice president, General Motors Urban Mobility and Maven. “Maven offers cars Torontonians want to drive to help them be there for the moments that matter.” (more…)

GM Shutting One Korean Plant, Considering Fate of Others

Government open to aid offer – but demands investment guarantees.

by on Feb.13, 2018

The Gunsan plant has produced several GM models, including the Chevy Orlando shown here.

Facing rising costs and declining sales, General Motors today said it will close one of four factories in South Korea and, as part of an ongoing restructuring program, the automaker is weighing the fate of the remaining three facilities.

South Korean government officials expressed “deep regret” at the news. The country’s trade minister left open the possibility of financial aid but cautioned that any assistance will depend on whether GM plans to invest in its operations in Asia’s fourth-largest economy. But it appears all sides are playing a game of brinksmanship, the U.S. automaker waiting to see what stakeholders, including its unions, might be willing to offer.

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“As we are at a critical juncture of needing to make product allocation decisions, the ongoing discussions must demonstrate significant progress by the end of February, when GM will make important decisions on next steps,” Barry Engle, GM executive vice president and president of GM International, said in a statement.

(more…)

Mercedes Dropping Out of Detroit Auto Show in 2019

Auto shows face increasing challenges as automakers look at alternatives.

by on Feb.12, 2018

Daimler CEO Dieter Zetsche and Arnold Schwarzenegger celebrated the debut of the 2019 G-Wagen at this year's Detroit Auto Show..

(This story has been updated.)

Officials with the North American International Auto Show have confirmed that Mercedes-Benz won’t be on hand when the even returns in January 2019, the latest on a growing list of manufacturers who have decided to pull out of the Detroit show.

The news comes as more and more automakers rethink their commitment to both media previews and public says at events like the NAIAS. As TheDetroitBureau.com recently reported, industry planners are looking at alternatives that can more directly target potential buyers while also holding down costs. At shows like the NAIAS it can cost as much as $5 million to stage a 20-minute media preview – even more if the event involves the creation of a one-of-a-kind concept vehicle.

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“At this time Mercedes-Benz AG will not be exhibiting at the upcoming 2019 North American International Auto Show,” said the German marque in a statement. “Our time in Detroit over the years has been very beneficial for our brand, especially coming off of the world debut of the iconic G-Class. Discussions are underway for future show participation.”

(more…)

GM Sales Increase in China as Ford Sales Fall in January

Cadillac leading the way for GM.

by on Feb.12, 2018

Cadillac set a sales record in January in China, now the luxury division's largest market.

General Motors and its joint ventures in China delivered 367,712 vehicles in January, posting a year-over-year increase of 14.5%, but Ford Motor Co. suffered a reversal as sales dropped by 1% to 75,990 vehicles.

Nissan sales rose 13.1%. while Toyota Motor Co. sales rose 12.4%. Toyota Motor Corp aims to sell 1.4 million vehicles in China in 2018, nearly 9% more than it sold last year. Ford’s top executive in China abruptly resigned last month, citing personal reasons.

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GM, which is preparing to introduce 15 new or refreshed models in China this year, saw Cadillac set a new monthly sales record in what is now the brand’s largest market. (more…)

Accounting Adjustment Masks Record Full Year Earnings for General Motors

Workers will get $11,750 in profit-sharing.

by on Feb.06, 2018

GM CEO Mary Barra has pushed for major changes in GM's strategy, and the 2017 numbers suggest her approach is paying off.

General Motors officially reported a net loss for 2017, but the real numbers were masked by a series of accounting adjustments and actually climbed into record territory for the year.

The adjusted, $12.8 billion in pretax profits, which worked out to $6.62 a share – an 8.2% year-over-year gain – comes as good news to workers as well as investors at a time when economic uncertainty has shocked Wall Street. About 50,000 U.S. hourly employees will share the maker’s success with profit-sharing checks averaging $11,750 apiece. That bonus actually dipped from $12,000 last year.

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“The actions we took to further strengthen our core business and advance our vision for personal mobility made 2017 a transformative year,” said GM Chairman and CEO Mary Barra, in comments during a media and analyst conference call. “We will continue executing our plan and reshaping our company to position it for long-term success.”

(more…)

Waymo Buying “Thousands” of Chrysler Minivans for New Driverless Ride-Hailing Service

Project will target “multiple U.S. cities.”

by on Jan.30, 2018

Waymo has been testing its ride-sharing program in Phoenix but plans to launch in other markets as it goes fully driverless.

Waymo plans to buy “thousands” of Chrysler Pacifica Hybrid minivans to be used as Google’s autonomous vehicle spin-off sets up a driverless ride-hailing service in “multiple U.S. cities,” Waymo and Fiat Chrysler Automobiles announced Tuesday.

The announcement marks a significant step forward for both companies. While considered a leader in the field, it had not been clear how Waymo was planning to commercialize its development of self-driving vehicle technology. For its part, FCA has been reluctant to invest in autonomous vehicle research but could now make a big leap by expanding its nascent alliance with Waymo.

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“In order to move quickly and efficiently in autonomy, it is essential to partner with like-minded technology leaders,” Fiat Chrysler CEO Sergio Marchionne said in a statement. “Our partnership with Waymo continues to grow and strengthen; this represents the latest sign of our commitment to this technology.”

(more…)

2 Fed Safety Teams Head to California Tesla Crash Probe

Was drive using Autopilot when Model S crashed into fire truck?

by on Jan.25, 2018

An LA TV station caught the aftermath of a crash involving a Tesla Model S and a firetruck.

Two separate teams of federal safety investigators have been dispatched to California to examine what happened when a Tesla Model S crashed into a firetruck on a suburban Los Angeles freeway on Monday, the agencies aiming to find out if the incident happened while the battery sedan was operating in semi-autonomous Autopilot mode.

This marks the second time both the National Highway Traffic Safety Administration and the National Transportation Safety Board have examined a Tesla crash to see if the maker’s self-driving technology may have malfunctioned.

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In the first case, 40-year-old Joshua Brown was killed in a Florida crash in May 2009 when his Model S failed to stop when a semi-truck turned in front of it. The former Navy SEAL was ruled at least partially at fault for failing to take evasive action, but the NTSB also determined that flaws in the design of the Tesla Autopilot system contributed to the crash.

(more…)

GM Sued After Accident with Autonomous Chevy Bolt

Motorcyclist blamed for minor collision with the Bolt.

by on Jan.25, 2018

GM is being sued after an autonomous Chevy Bolt was involved in an accident with a motorcycle in San Francisco.

General Motors Co. is facing a lawsuit by a motorcyclist, who says he was hit by a Chevrolet Bolt, which was operating in autonomous mode with a backup driver behind the steering wheel.

The motorcyclist claims the Chevrolet Bolt operated by Cruise, GM’s self-driving car subsidiary, “suddenly veered back into motorcycle’s lane, knocking the bike to the ground.”

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The accident happened on Dec. 7, in heavy traffic in the Hayes Valley district of San Francisco, with the GM vehicle reportedly travelling at 12 mph and the motorcycle 17 mph. The accident report filed after the accident contradicts the claim made in the lawsuit. (more…)

GM Escapes $1B Stock Payout in Ignition Case

Judge says trust acted in bad faith.

by on Jan.19, 2018

GM ultimately admitted delaying a necessary recall which eventually involved millions of vehicles.

General Motors just avoided a $1 billion bill, as a New York bankruptcy judge threw out a settlement agreement that would have forced GM to pay $1 billion in stock to owners of cars with defective ignition switches.

The case is part of the automaker’s recall of 2.6 million small cars equipped with faulty ignition switches that resulted in the deaths of 124 people. The vast majority of the cars were produced before GM’s bankruptcy in 2009.

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The automaker’s bad assets were lumped together and considered “old GM,” technically called Motors Liquidation. Wilmington Trust, the M&T Bank Corp. unit that oversees the bankruptcy claims filed against the “old GM” trust, struck the deal to resolve hundreds of personal-injury cases and a class-action suit over millions of vehicles that allegedly lost value due to a series of 2014 recalls. (more…)

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