Keyword: gm

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  • 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...
  • hundreds of devastated GM workers gather in solemn PRAYER over the closure of their plant

    11/30/2018 12:46:27 PM PST · by ZeroToHero · 57 replies
    Daily Mail ^ | 11/30/18 | Emily Crane
    Hundreds of General Motors workers and their families have gathered in Ohio for an emotional prayer vigil over the closure of their plant and the loss of 15,000 jobs across the company. The solemn prayer vigil took place outside the General Motors plant in Lordstown on Thursday. It is among the five GM plants across North America that are set to close next year. Emotional co-workers hugged each other and wiped away tears as they prayed together.
  • 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. GMs 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...
  • Bankruptcy Is Option to GM Board

    11/21/2008 5:20:01 PM PST · by Sub-Driver · 20 replies · 959+ views
    Bankruptcy Is Option to GM Board By JOHN D. STOLL DETROIT -- Members of General Motors Corp.'s board of directors are willing to consider "all options" for the ailing auto maker, including an eventual filing for bankruptcy protection, a stance that puts them in rare disagreement with Chairman and Chief Executive Rick Wagoner, people familiar with the matter said. As part of his push to win a federal bailout for the company, Mr. Wagoner told Congress this week that GM management believes bankruptcy protection is not a viable option for the company. Instead, GM is focusing on persuading lawmakers to...
  • Days After Election, General Motors Announces 2,000 Layoffs in Ohio and Michigan

    11/11/2016 12:24:27 PM PST · by Freedom of Speech Wins · 61 replies
    Breitbart ^ | 11-10-16 | Warner Todd Huston
    The day after the 2016 election for president, General Motors announced it was laying off another 2,000 workers in plants in Ohio and Michigan, two states that gave President-elect Donald Trump a major victory on Tuesday. GM said the layoffs will affect the third shifts in the plants in Lordstown, Ohio, and Lansing, Michigan, which build the low-selling cars sold under the Chevrolet and Cadillac brand names. The Lordstown plant builds the compact Chevrolet Cruze, whose U.S. sales through October were down 20%, Fortune magazine reported. The Lansing Grand River plant builds the Cadillac ATS and CTS, whose sales were...
  • Tesla Sales Soaring, Competition Failing

    10/17/2018 5:33:20 PM PDT · by SunkenCiv · 49 replies
    Seeking Alpha ^ | October 16, 2018 | Ross Tessien
    CE car sales are down and EV sales are up. Most people know this much. Also, EV sales are not up by as much as ICE car sales are down. The two metrics are believed to be independent of one another. I believe they are related. When someone purchases a Tesla Model 3, that car sale is an EV and not a new ICE vehicle. So that is a first sale the ICE industry loses. Next, the new EV owner often trades in a used ICE car and someone else will purchase that car. Some number of car buyers will...
  • House Republican Proposing Carbon Tax This Week To Replace the Gas Tax

    07/22/2018 7:39:21 PM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 07/22/2018 | Taylor Millard
    Florida Congressman Carlos Curbelo is getting ready to introduce a bill repealing the gas tax in exchange for a carbon tax. It seems rather odd the Miami Republican wants to chart this path, especially after the House GOP overwhelmingly denounced the notion of a carbon tax last week, but Curbelo isn’t backing down from his proposal. He told Miami Herald his proposal is just a “first step” in the discussion. When you ask this question in a vacuum, is any tax detrimental to economic growth? It’s usually going to be yes…But when you put it in context and you...
  • Exxon Mobil signs on to Republican-led carbon tax proposal

    06/20/2017 9:54:17 PM PDT · by Timpanagos1 · 35 replies
    Houston Chronicle ^ | 6/20/17 | James Osborne
    WASHINGTON - Exxon Mobil Corp. and other large oil companies are backing a carbon tax proposal put forward earlier this year by a group of former Republican leaders including James A. Baker III, the former secretary of state and a Houston attorney. The Climate Leadership Coalition, a group that includes Baker, former Treasury Secretary Hank Paulson, and former Secretary of State George Shultz, announced a list of "founding members" Tuesday that includes Exxon Mobil, BP, Shell, Total, General Motors and Johnson & Johnson. "We support @TheCLCouncil as a founding member and are working to support its policy development process," Exxon...
  • Death of gas and diesel begins as GM announces plans for all-electric future

    10/02/2017 1:33:13 PM PDT · by NRx · 235 replies
    WaPo ^ | 0-02-2017 | Peter Holley
    After nearly a century of building vehicles powered by fossil fuels, General Motors one of the worlds largest automakers announced Monday that the end of GM producing internal combustion engines is fast approaching. The acceleration to an all-electric future will begin almost immediately, with GM releasing two new electric models next year and an additional 18 by 2023. At a media event at GMs technical campus in Warren, Mich., on Monday, Mark Reuss, the companys chief of global product development, said the transition will take time, but the course has been set. General Motors believes in an all-electric...
  • Report: GM may kill Chevy Volt, Sonic and four other cars

    07/23/2017 1:56:49 PM PDT · by Hojczyk · 86 replies
    Yahoo Finance ^ | July 22,2017
    General Motors has put six of its cars under review, including its once breakthrough Chevrolet Volt plug-in hybrid, and is evaluating whether to cancel them in the coming years, according to a report from Reuters. The news comes as sales of cars continue to plummet in the U.S. and as consumers increasingly turn to SUVs and pickups. Besides the Chevrolet Volt hybrid, other vehicles believed to be under consideration for elimination iinclude the Buick LaCrosse, Cadillac CT6, Cadillac XTS, Chevrolet Impala and Chevrolet Sonic, according to Reuters. GM spokesman Jim Cain declined to comment on the report. UAW President Dennis...
  • GM to sell Chinese-built car in the United States for first time

    11/09/2016 5:05:42 PM PST · by doug from upland · 18 replies
    money cnn ^ | orig Dec 2015 | Isidore
    Built in China, sold in the U.S.: It's a first for GM and any U.S. automaker. GM said it will sell the Chinese-built Buick Envision, a crossover SUV, in the U.S. market starting next year. The UAW attacked the plan, saying it was "a slap in the face." It said GM should reconsider its plans and instead build a version for the U.S. market at a U.S. plant. "The men and women of GM and the American taxpayers who invested so much in GM's future deserve better," said the union. GM agreed in its latest labor deal to invest $8.3...
  • JUST IN: Republican CEO Of General Motors Makes Stunning Presidential Endorsement

    10/06/2016 12:58:13 PM PDT · by scooby321 · 53 replies
    bipartisan report ^ | 9/06/16 | Harper Cicely
    Daniel Akerson, former CEO and chairman of General Motors, says that he has always voted Republican. That is, until Republican presidential nominee, Donald Trump, came along anyway. In an op-ed article for the Washington Post, Akerson explains why he will vote Democrat for his first time ever this year:
  • Cadillac apologizes for casting call seeking actors for an alt-right (neo-Nazi) role

    12/12/2016 2:35:46 AM PST · by csvset · 28 replies
    WAPO ^ | The Washington Post | Cleve R. Wootson Jr.
    General Motors was under fire this weekend after a casting call for Cadillac sought members of the controversial alt-right movement. According to an image of the casting call posted by the news agency Reuters and many, many others, the notice said an agency filming the ad was looking for "any and all real alt-right thinkers/believers." "This is a beautifully artistic spot that is capturing all walks of life of America," the casting call says, adding that it would be filmed later this month. "Standing together as a union. This is not meant to be offensive in anyway. Just a representation...
  • Trump And The Border: The Troops And Tear Gas Show Gets Upstaged By General Motors

    11/28/2018 2:37:52 AM PST · by Nextrush · 8 replies
    Nextrush Free ^ | 11/28/2018 | Nextrush/Self
    Its easy to feel good about security enhancement at the southern border to keep people from Mexico and points south from getting into the country, people who may be criminals, people who may take jobs from Americans. But then along comes General Motors announcing a "restructuring" which will close down four plants in the US and affect more than 10,000 jobs in America. They plan to move those jobs to Mexico and even China. So the jobs are lost to Americans anyway because of the machinations of a multi-national corporation. President Trump is not happy and is talking about cutting...
  • 'This is the THANKS we get!' Trump warns General Motors he'll cut ALL its government subsidies in...

    11/27/2018 6:02:21 PM PST · by Morgana · 52 replies
    Daily Mail UK ^ | November 27, 2018 | Geoff Earle, Deputy U.s. Political Editor and David Martosko For Dailymail.com
    FULL TITLE: 'This is the THANKS we get!' Trump warns General Motors he'll cut ALL its government subsidies in retaliation for closing U.S. auto plants President Donald Trump threatened to punish General Motors following the company's decision to shutter Midwest manufacturing plants and lay off thousands of U.S. workers. A day after the news of the layoffs rattled the industry and raised a potential political problem for the president, the president followed up on an earlier threat that the automaker 'better damn well' open a new plant. He threatened to yank subsidies for electric cars as GM seeks to...
  • Shame on Trump for ordering General Motors to put something else in

    11/27/2018 12:15:47 PM PST · by grundle · 94 replies
    wordpress ^ | November 27, 2018 | Dan from Squirrel Hill
    Shame on Trump for ordering General Motors to “put something else in” Reuters just published this article about General Motors planning to close a plant in Ohio due to there being less demand for small cars.Trump responded by saying:“They better put something else in.”It’s not the job of the President to tell private companies what products to make or how many kinds of products to make.Shame on Trump for trying to give himself powers that are not authorized in the Constitution!
  • GM to slash up to 14,000 jobs in North America

    11/26/2018 9:14:44 AM PST · by Coronal · 38 replies
    AP News ^ | November 26, 2018 | Tom Krisher and Rob Gillies
    DETROIT (AP) General Motors will lay off up to 14,000 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles. The reduction includes 8,100 white-collar workers, some of whom will take buyouts and others who will be laid off. Some U.S. factory workers could transfer to truck or SUV factories that are increasing production.
  • General Motors plans to close Canadian assembly plant -TV report

    11/25/2018 5:58:49 PM PST · by Eddie01 · 26 replies
    Reuters Canada ^ | NOVEMBER 25, 2018 | Staff
    TORONTO, Nov 25 (Reuters) - General Motors Co is planning to close all operations at a plant near Toronto and an announcement is expected on Monday, a local TV news channel reported on Sunday Citing multiple sources, CTV News reported that the plant closure in Oshawa in the province of Ontario was expected to affect thousands of high-paying jobs. GM builds sedans on one assembly line and pickup trucks on another. The plant closure is part of global restructuring, the report added. A Canada-based GM spokesman declined comment. GM employs about 2,500 union staff and roughly 300 salaried employees in...
  • Paging Joe Biden: Yes, Osama bin Laden is still dead, and General Motors is alive...sort of

    11/28/2018 8:42:24 AM PST · by SeekAndFind · 4 replies
    American Thinker ^ | 11/28/2018 | Ethel C. Fenig
    That was then: Over six years ago, then-vice president Joe Biden (D) was campaigning for a second term for the Democratic administration of Barack Hussein Obama and himself with this proud theme: If you are looking for a bumper sticker to sum up how President Obama has handled what we inherited, it's pretty simple: Osama bin Laden is dead and General Motors is alive.  He was referring, of course, to the assassination of terrorist Osama bin Laden, indicating a successful American foreign policy during the Obama administration, and simultaneously the government bailout of General Motors indicating a successful domestic policy of providing...