GM, Ford Credit Arms May Lose Billions on Used-Car Price Plunge
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.
UPS Shipping First Ventilators From GM Facility to Hospitals
UPS is shipping ventilators made in a General Motors facility to hospitals in the Chicago area.
GM Secures $490 Million US Contract to Make Ventilators
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.
GM, Honda Partner to Build Honda EVs in GM Plants
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.
Trump Invokes Production Law, Ordering GM to Build Ventilators
President Donald Trump on March 27 ordered General Motors Co. to make ventilators for coronavirus patients, invoking a federal law that gives him vast powers over industry in crises and acting as the company is within weeks of starting production on the equipment.
March 27, 2020GM’s Draw-Down Preserves Dividend, Signals Edge Over Ford
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.
GM Shows 13 EVs in Bid to Match Tesla
DETROIT — General Motors, trying to refashion itself as a futuristic company with technology to compete against Tesla, rolled out plans March 4 for 13 new electric vehicles during the next five years.
GM’s Detroit-Hamtramck Assembly Poised to Begin Electric Transformation
The last Chevrolet Impala will roll down the line next week at Detroit-Hamtramck Assembly, making way for the plant’s next phase: electric vehicles.
GM Works to Shield US Truck Plants From Virus Disruption
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.
GM to Rely on Cash-Cow SUVs to Overcome Auto Market Weaknesses
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.