GM

Business

GM’s CFO Resigns to Join Fintech Startup Stripe

The GM Technical Center in Ontario. (Cole Burston/Bloomberg News)

General Motors Co.’s chief financial officer is stepping down after two years to take a job at a financial technology company in an unexpected move prompting the automaker to appoint an acting successor.

David Welch | Bloomberg News
August 11, 2020
Government, Business

Fiat Chrysler Calls GM’s Bribery Allegations ‘Preposterous’

The Fiat Chrysler Automobiles logo. (Paul Sancya/Associated Press)

Allegations by General Motors that Fiat Chrysler Automobiles bribed union officials are “preposterous” and read like a script from a “third-rate spy movie,” FCA lawyers wrote in court documents filed Aug. 10.

Tom Krisher | Associated Press
August 10, 2020
Government, Business

GM Alleges Fiat Chrysler Spent Millions to Bribe UAW Leaders

General Motors headquarters General Motors' headquarters in Detroit. (Jeff Kowalsky/Bloomberg News)

General Motors is asking a federal judge to reconsider his dismissal of a lawsuit against Fiat Chrysler based on new allegations that FCA bribed union and GM officials.

Tom Krisher and Ed White | Associated Press
August 3, 2020
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
Business, Technology

GM Prodded to Catch Electric-Car Zeitgeist With Name Change

Charging stations for the SAIC GM internal vehicle sharing service stand in China in July 2019. Charging stations for the SAIC GM internal vehicle sharing service stand in China in July 2019. (Gilles Sabrie/Bloomberg News)

General Motors Co. has weathered depressions, wars and pandemics under its century-old name, but the coming shift to battery-powered vehicles may be an opportunity to rethink its generic-sounding corporate moniker in favor of something avant-garde.

July 30, 2020
Business, Technology, Autonomous

GM’s Self-Driving Unit Cruise to Lay Off Almost 8% of Staff

The Cruise Origin electric driverless shuttle is displayed during a reveal even in San Francisco on Jan. 21. The Cruise Origin electric driverless shuttle is displayed during a reveal even in San Francisco on Jan. 21. (David Paul Morris/Bloomberg News)

Cruise, the self-driving car unit majority owned by General Motors Co., is laying off almost 8% of full-time employees to cut costs in the midst of the coronavirus pandemic.

May 14, 2020
Business

GM, Ford Credit Arms May Lose Billions on Used-Car Price Plunge

GM Vehicles are displayed at a car dealership in Illinois in 2019. GM vehicles are displayed at a car dealership in Illinois in 2019. (Daniel Acker/Bloomberg News)

General Motors Co.’s and Ford Motor Co.’s finance arms likely face multibillion-dollar losses linked to the dramatic drop in used vehicle prices, JPMorgan Chase & Co. analysts said.

April 20, 2020
Government, Business, Logistics, Top 50, Top 100, TCA

UPS Shipping First Ventilators From GM Facility to Hospitals

A UPS cargo plane is pushed from its gate after being loaded at the company's Worldport hub in Louisville, Ky., in November 2015. A UPS cargo plane is pushed from its gate after being loaded at the company's Worldport hub in Louisville, Ky., in November 2015. (Patrick Semansky/Associated Press)

UPS is shipping ventilators made in a General Motors facility to hospitals in the Chicago area.

Kelly Yamanouchi | The Atlanta Journal-Constitution
April 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, Technology, TCA

GM, Honda Partner to Build Honda EVs in GM Plants

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

General Motors Co. and Honda Motor Co. announced an agreement April 2 to jointly develop two new electric vehicles for Honda that will be based on GM’s global electric-vehicle platform that’s powered by the Detroit automaker’s Ultium battery system.

Keith Laing | The Detroit News
April 3, 2020

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