Keyword: generalmotors

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  • Chevron May Be Forced To Leave Venezuela After Nearly 100 Years

    06/23/2019 3:09:57 PM PDT · by Libloather · 15 replies
    See BS local ^ | 6/19/19
    SAN RAMON (CBS SF / CNN) — Chevron’s nearly century-long relationship with Venezuela might not survive the Maduro regime’s fight with the United States. Not only is Venezuela’s infrastructure crumbling, but the OPEC member’s national oil company has been sanctioned by the Trump administration. Chevron, based in San Ramon and the last major US oil company still operating in Venezuela, could be forced to leave unless US officials extend sanctions waivers scheduled to expire on July 27. A Chevron exit would follow on the heels of other major American companies that have retreated from the chaos in Venezuela in recent...
  • GM and Bechtel plan to build thousands of electric car charging stations across the US

    05/28/2019 7:48:49 AM PDT · by Moonman62 · 76 replies
    CNN ^ | 5/28/19 | Peter Valdes-Dapena
    General Motors, America's largest automaker, and Bechtel, the country's largest construction company, are teaming up to build thousands of electric vehicle fast-charging stations across the United States. The two companies have agreed to create a new company that will build the charger network. Adding more fast charging stations should provide a boost to sales of electric cars. One of the biggest concerns Americans have about electric cars is whether there will be enough places to charge them, according to a recent survey by AAA. This network will not only help GM (GM), which plans to introduce 20 new electric vehicle...
  • The very first two Pontiac Firebirds ever built are for sale on Ebay

    05/12/2019 7:50:30 AM PDT · by ETL · 40 replies
    FoxNews.com/auto ^ | May 11, 2019 | Gary Gastelu | Fox News
    The first two production Pontiac Firebirds ever built are currently up for sale, but if you want them, you have to buy the pair, because the seller wouldn’t have it any other way. The 1967 coupe and convertible spent their early days as Pontiac show cars before being released for public sale and have reportedly been together ever since. They didn’t lead a pampered life, however, and by 2014 were in pretty rough shape and not in running condition. That’s when the folks at Gas Monkey Garage of “Fast and Loud” fame heard about them and bought the birds for...
  • Dem to offer bill to expand electric vehicle tax credit

    04/01/2019 12:20:37 PM PDT · by jazusamo · 35 replies
    The Hill ^ | April 1, 2019 | Naomi Jagoda
    Rep. Ro Khanna (D-Calif.) said Monday that he's planning to introduce legislation in the coming weeks to expand the electric vehicle tax credit and link it to domestic manufacturing, calling the bill a way to help both the environment and the economy. "That's a pretty concrete application of how the Green New Deal can create jobs in the United States," Khanna, the first vice chair of the Congressional Progressive Caucus, told reporters. Under current law, people who purchase new electric vehicles can receive a tax credit of up to $7,500. The amount of the credit phases out after a manufacturer...
  • GM confirms plans to build new EV, invest $300 million in Michigan plant

    03/22/2019 6:04:27 PM PDT · by Libloather · 30 replies
    Reuters via Yahoo ^ | 3/22/19 | David Shepardson
    (Reuters) - General Motors Co confirmed on Friday it will invest $300 million in a suburban Detroit assembly plant, adding 400 jobs to build a new Chevrolet electric vehicle. The largest U.S. automaker has come under heavy criticism from President Donald Trump in recent days over its decision to end production at its Lordstown, Ohio, assembly plant earlier this month. GM officials said the announcement was planned well before Trump's series of angry GM tweets that started on Saturday. Trump called GM CEO Mary Barra on Sunday to urge her to reverse the decision to end production at the Ohio...
  • GM Announces 400 Jobs, New Electric Car Days After Venomous Trump Tweets

    03/22/2019 12:25:37 PM PDT · by SeekAndFind · 30 replies
    TPM ^ | 03/22/2019 | By Mike Householder and Tom Krisher
    ORION TOWNSHIP, Mich. (AP) — Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of Detroit. The company says it will spend $300 million at its plant in Orion Township, Michigan, to manufacture a Chevrolet vehicle based on the battery-powered Bolt. GM wouldn’t say when the new workers will start or when the new vehicle will go on sale, nor would it say if the workers will be new hires or come...
  • Trump calls GM's CEO Mary Barra in push to reopen Ohio auto plant

    03/18/2019 10:47:23 AM PDT · by Red Badger · 26 replies
    FOX News ^ | 03-18-2019 | Staff
    WASHINGTON – President Donald Trump stepped up his pressure on General Motors to reopen an Ohio manufacturing plant that recently closed and put 1,700 people out of work. Trump's arm-twisting came in a series of separate tweets on Saturday and Sunday . He capped his weekend rant against the GM with a tweetdisclosing that he had vented his frustrations during a conversation with the company's CEO, Mary Barra. "I am not happy that it is closed when everything else in our Country is BOOMING," Trump wrote. "I asked her to sell it or do something quickly. She blamed the UAW...
  • No one asks the top CEOs where they went to college (very good article)

    03/14/2019 9:24:15 PM PDT · by Beave Meister · 42 replies
    Chicago Business.com ^ | 3/14/2019 | JOE NOCERA
    The perception that only elite schools produce elite leaders needs to die. The No. 1 company in last year’s Fortune 500 was Walmart Inc., with $500 billion in revenue. That would make its chief executive, Douglas McMillon, a pretty important and powerful executive, don’t you think? Can you guess where he went to college? The University of Arkansas. He has an MBA, too. From the University of Tulsa. Second on the list was Exxon Mobil Corp. Its CEO, Darren Woods, went to Texas A&M. Third was Berkshire Hathaway Inc., run by the man many consider the greatest investor who ever...
  • GM Will Begin Massive Layoffs. Here's How Many Jobs Are Being Axed.

    02/02/2019 7:31:40 PM PST · by SeekAndFind · 43 replies
    Townhall ^ | 02/02/2019 | Beth Baumann
    General Motors plans to lay off 4,000 salaried works beginning Monday, CNN reported. This is part of the company's previously announced 15 percent workforce reduction that was announced back in November. Along with letting workers go, GM is also closing four manufacturing plants in the United States and another in Canada. The company made the decision as part of a strategic move to free up $6 billion annually. That money will then be used to invest in new technology, including electric and self-driving cars as well as a ride sharing service. By making these cuts, GM believes they can save...
  • Prediction 2019 (a little late, and a total freakin' vanity)

    01/27/2019 6:08:57 PM PST · by SunkenCiv · 70 replies
    various | January 1st, 2019, Belated Happy New Year! | various
    Pretty much any subject, stupid humor is fine, general stupidity not so much, and please no snarking, that's directed at you snarky SOBs. Someone used to do a thread like this every year, but, alas, he got banned. The good news (for me, anyway) is I just noticed that a really big butthole (not the same FReeper) got banned for NeverTrumping back in 2016, and I hadn't missed the ******* at all. That got me thinking, because the predictions thread guy also got booted for NeverTrumpism, if memory serves (not sure, I think I'd already been kicked out for something...
  • Ford debuts 700-horsepower ‘street-legal’ Mustang Shelby GT500

    01/14/2019 7:23:47 AM PST · by C19fan · 60 replies
    CNBC ^ | January 14, 2019 | Robert Ferris
    Ford’s new Mustang GT Shelby 500 is a 700-horsepower monster Ford says is the quickest street-legal Mustang in history. The latest iteration of Ford’s Shelby GT variant of the iconic Mustang pony car inherits the name of racer and engineer Carroll Shelby, who worked with Ford to design the first GT500 in 1967 — a car that now is considered a legend among American muscle cars. The new version, which debuted at the Detroit auto show on Monday, goes from 0 to 60 miles per hour in the “mid-3 second” range, Ford said. It borrows technology from Ford’s GT super...
  • General Motors Sues Avanti Motors in "Studebaker SUV" Dispute

    02/16/2003 8:19:45 AM PST · by pttttt · 30 replies · 778+ views
    Yahoo-AP ^ | Feb. 14, 2003 | not given
    GM Sues Avanti Motors in SUV Dispute Fri Feb 14, 5:45 PM ET DETROIT - General Motors Corp. has filed a trademark infringement lawsuit against Avanti Motor Corp., saying Avanti's new Studebaker XUV too closely resembles GM's Hummer H2 sport utility vehicle. GM said in a statement Friday that the Studebaker XUV, which debuted Friday at the Chicago Auto Show, "knocks off and misappropriates the shape" of the Hummer H2. GM trademark attorney Charles Ellerbrock said "the Studebaker XUV is so similar to the H2 that the public will be confused by the knock off of the H2. "GM will...
  • Volkswagen, BMW increased US car sales in 2018

    01/04/2019 1:47:31 PM PST · by Olog-hai · 12 replies
    Deutsche Welle ^ | 01.03.2019 | dv/sms (dpa, Reuters)
    Volkswagen and BMW increased their 2018 car sales in the United States while major American competitors General Motors (GM) and Ford both had declines in new vehicle sales, according to sales reports published on Thursday. Volkswagen sold over 350,000 cars in the US in 2018, a 4.2 percent increase over 2017. It was the company’s second year of sales increases after sales plummeted following the dieselgate scandal, where a US investigation uncovered massive fraud in its diesel emissions reporting. Volkswagen’s boost in sales figures were helped by popular SUVs Tiguan and Atlas. BMW saw an increase of 1.7 percent to...
  • Lear plant in Flint hiring to fill 400 jobs (Michigan)

    12/27/2018 12:39:32 AM PST · by 2ndDivisionVet · 20 replies
    Flintside ^ | December 26, 2018 | Ashley Schafer
    FLINT, Michigan — Lear is planning a massive three-day hiring effort to fill 400 open jobs at its new Flint manufacturing facility: Resumes can be dropped off 8 a.m. to 4 p.m. Jan. 3-5 at the new Lear plant, 902 E. Hamilton Ave. in Flint. Pay starts at $13.85 for the positions, which are permanent, with a second- and third-shift premium of $0.30 per hour. Lear also offers annual pay increases as well as health benefits including low-cost medical, dental, and vision coverage after 90 days of employment. Employees also are eligible for 401(k) and paid vacation time after one...
  • Idle hands in China workshops: foreign carmakers struggle with zombie plants

    12/26/2018 9:08:53 PM PST · by SunkenCiv · 22 replies
    WSJ via EFE ^ | Christmas Day, December 25, 2018 | unattributed
    A downturn in China's car market has wrong-footed some of the world's biggest automakers, saddling them with factories they no longer need and that are costly to retool, according to a report from the Dow Jones Newswires supplied to EFE on Tuesday. Ford Motor, Peugeot and Hyundai Motor especially mistimed recent expansions, opening new plants just as the seemingly unstoppable growth of China's auto market went into reverse.
  • [snip] Tesla founder 'would be interested' in taking over General Motors' idled factories

    12/07/2018 5:48:24 PM PST · by Eddie01 · 26 replies
    daily mail ^ | Dec. 7, 2018 | ANNIE PALMER
    Full Title: Could Elon Musk save the jobs of GM workers? Tesla founder 'would be interested' in taking over General Motors' idled factories Elon Musk is eyeing General Motors' once-occupied plants. The billionaire tech mogul said it's 'possible that [Tesla] would be open' to taking over automakers' old plants, such as the five factories closed by GM last month. The comments came during Musk's wide-ranging interview with CBS' '60 Minutes.' GM CEO Mary Barra announced in November that the car manufacturer would close five factories in North America and lay off some 14,700 workers as a result. Musk indicated that...
  • Kudlow: US to end subsidies for electric cars, renewables

    12/03/2018 12:57:48 PM PST · by yesthatjallen · 68 replies
    The Hill ^ | 12/03/18 | Megan Keller
    White House economic adviser Larry Kudlow said on Monday the Trump administration will end subsidies for electric cars and renewable energy sources, Reuters reports. Kudlow said he expected subsidies for electric cars would end by 2020 or 2021, according to the report. The remarks were made in response to a question about what the administration would do about General Motors' plans to layoff 15,000 people and shutter five plants across North America. The company's plans have sparked outrage in Washington from both parties. Trump last week floated cutting GM's subsidies for electric vehicles and raising auto tariffs to punish the...
  • The only winner of the GM bailout was Obama 2012: GM Should Have Been Allowed to go Bankrupt

    11/30/2018 6:44:38 AM PST · by SeekAndFind · 40 replies
    American Thinker ^ | 11/30/2018 | Silvio Canto Jr.
    Back in 2012, the Obama reelection team reminded us that they got Osama bin Laden an d saved GM.  It probably gave Obama Ohio at less than 200,000 votes out of 5 plus million cast.  It did not hurt in Michigan.  It certainly energized the unions to cast ballots for the man who "saved" their jobs. Yes, they got Osama bin Laden.  But they didn't really save GM or do the workers any favor on a long-term basis. Looking back, the GM bailout was a partisan band aid.  I like what Kevin D. Williamson wrote about this:      What did U.S....
  • Thousands moved out for a new GM factory; now it's closing

    11/30/2018 5:59:21 AM PST · by george76 · 80 replies
    Reuters ^ | November 26, 2018. | David Shepardson;
    General Motors Co on Monday pulled the plug on the Chevrolet Volt hybrid and the Detroit-Hamtramck Assembly plant that builds it, both examples of a costly gamble that is not paying off. GM’s widely touted factory of the future, forced on a town desperate for jobs and hailed decades later by former resident Barack Obama, is set to wind down over the next few years, leaving beleaguered Hamtramck wondering what happened. Detroit Mayor Mike Duggan said at a news conference Monday that he told GM chief executive Mary Barra Monday that “we moved thousands of people out of that neighborhood...
  • GM bought back $10 billion in stock since 2015, double what job cuts will save

    11/28/2018 8:28:43 AM PST · by C19fan · 28 replies
    CBS News ^ | November 27, 2018 | Irina Ivanova
    When General Motors announced it was cutting up to 14,000 jobs and idling five automotive plants, it justified the massive cuts by citing long-term savings. The cuts would free up $6 billion in cash, for a net savings of $4.5 billion in cash by 2020. The move will "make General Motors more agile, resilient and profitable" while the economy's still revving, CEO Mary Barra told investors Monday. Wall Street seemed to believe her, with GM's stock rising nearly 5 percent and one analyst on the call congratulating her "on getting in front of the curve here." But GM hasn't exactly...