David Welch

Business, Technology, Fuel

GM to Build Nationwide EV Charging Network

Electric vehicles at charging station Electric vehicles at a charging station in Seattle. (Seattle Department of Transportation)

General Motors Co. is working with electric-vehicle charging operator EVgo Services to build a nationwide fast-charging infrastructure.

David Welch | Bloomberg News
July 31, 2020
Government, Business

Hertz Halts Plan to Sell ‘Worthless’ Stock on SEC Scrutiny

An employee wears a protective mask while assisting a customer at a Hertz counter in San Francisco on May 5. An employee wears a protective mask while assisting a customer at a Hertz counter in San Francisco on May 5. (David Paul Morris/Bloomberg News)

Hertz suspended plans to raise cash by selling new shares that the bankrupt car renter described as potentially “worthless” after its proposal failed to pass muster with regulators.

David Welch | Bloomberg News
June 17, 2020
Government, Business

GM Secures $490 Million US Contract to Make Ventilators

The GM Flint Assembly plant stands idle in Flint, Mich., on March 23. The GM Flint Assembly plant stands idle in Flint, Mich., on March 23. (Anthony Lanzilote/Bloomberg News)

The U.S awarded General Motors Co. and its partner Ventec Life Systems a $489.4 million contract to make 30,000 ventilators by the end of August, finalizing a deal that briefly was a point of contention for President Donald Trump.

David Welch | Bloomberg News
April 8, 2020
Business

GM’s Draw-Down Preserves Dividend, Signals Edge Over Ford

Pickup truck frames sit on the assembly line at the GM plant in Flint, Mich., in 2019. Pickup truck frames sit on the assembly line at the GM plant in Flint, Mich., in 2019. (Jeff Kowalsky/Bloomberg News)

General Motors Co. joined Ford Motor Co. in tapping its credit lines to stock up on cash, but the bigger automaker is signaling superiority over its Detroit rival by leaving its dividend intact for now.

David Welch | Bloomberg News
March 24, 2020
Business, Logistics

GM Works to Shield US Truck Plants From Virus Disruption

The General Motors Co. Flint Assembly plant in Michigan in September 2019. The General Motors Co. Flint Assembly plant in Michigan in September 2019. (Anthony Lanzilote/Bloomberg News)

General Motors Co. is working to maintain the flow of parts to some of its most profitable U.S. plants to keep them from becoming the next factories to be idled due to the coronavirus spreading in China.

David Welch | Bloomberg News
February 14, 2020
Business

GM to Rely on Cash-Cow SUVs to Overcome Auto Market Weaknesses

GM vehicles before being painted at their complex in Flint, Mich., in February 2019. GMC Silverados and Sierras before being painted at a complex in Flint, Mich., in February 2019. (Jeff Kowalsky/Bloomberg News)

General Motors Co. predicted robust sales of new trucks and big SUV models will help it avert the kind of earnings decline this year that its rivals are bracing for.

David Welch | Bloomberg News
February 5, 2020
Business, Autonomous

GM’s Super Cruise to Join Tesla’s Autopilot in the Passing Lane

Mark Reuss, now president of General Motors, speaks at an auto show in Detroit in 2016. Mark Reuss, now president of General Motors, speaks at an auto show in Detroit in 2016. (Daniel Acker/Bloomberg News)

The race for first place in hands-free driving will intensify later this year when General Motors Co. begins selling an advanced version of its Super Cruise system.

David Welch | Bloomberg News
January 28, 2020
Business

GM Confirms Detroit Plant Going All-Electric Next Year

Mark Reuss, now president of General Motors, speaks at an auto show in Detroit in 2016. Mark Reuss, now president of General Motors, speaks to media at an auto show in Detroit in 2016. (Daniel Acker/Bloomberg News)

General Motors Co. affirmed plans to build electric pickups and SUVs at its Detroit-Hamtramck plant and scheduled the start of production for late next year.

David Welch | Bloomberg News
January 27, 2020
Business, Technology, Autonomous

GM’s Cruise to Unveil Its First Autonomous Vehicle

GM's Cruise will unveil its first autonomous truck today. David Paul Morris/Bloomberg News

The vehicle Cruise has been developing along with GM is a purpose-built electric, autonomous model designed to be more spacious and passenger-friendly than a conventional, human-driven car.

David Welch | Bloomberg News
January 21, 2020
Business, Equipment

GM Promotes 1,350 Temp Workers to Full-Time Status After Strike

GM A Chevrolet Volt on the assembly line at GM's Hamtramck Assembly plant. (Paul Sancya/Associated Press)

General Motors Co. delivered on one of the key promises made in its labor contract that ended a 40-day strike in October by giving 1,350 temporary staffers full-time status.

David Welch | Bloomberg News
January 15, 2020

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