General Motors News Updates

General Motors Co. will invest $300 million in its Orion Township. Mich., assembly plant, a move that will create 400 jobs in suburban Detroit.

General Motors Co. will throw a bone to President Donald Trump on March 22 by announcing an investment in its electric-car plant north of Detroit after enduring days of intense criticism for idling an Ohio factory.

President Donald Trump said March 20 that General Motors Co. should sell an idled plant in Lordstown, Ohio, or restart production. The company said it’s received inquiries about factory.

A new study by Navigant Research rates three companies as leaders in the race to develop and make money on self-driving, autonomous cars and trucks.

In late 2017, the co-founder of General Motors Co.’s self-driving unit told investors the company was on the verge of putting 1 million miles a month on its autonomous test cars. That projection proved to be quite a stretch.

Plug-in pickup trucks look to be the next frontier in the budding electric vehicle industry as startup Rivian Automotive is said to be in talks with General Motors Co. and Amazon.com.

General Motors Co. reported fourth-quarter earnings that blew away estimates and reiterated the upbeat profit forecast for 2019 it gave last month. The shares rose in U.S. early trading.

The vehicles that will secure the next decade for General Motors Co. aren’t covered in self-driving sensors or loaded with batteries. No, the future depends on hulking pickup trucks that often run on diesel and cost more than the average BMW.

If the outlooks from the two auto companies are anything to go by, GM looks set to be winning the race for the year.

The decision by General Motors to cease production at five of its factories in the United States and Canada will have consequences for trucking companies that serve those plants.