General Motors News - View All
- General Motors must decide now what happens to Oshawa plant, union says
Wed, 28 Jan 2015 13:40:20 -0800
The union representing auto workers at General Motors' Oshawa, Ont., plant says the company must decide now what will happen to its operations there instead of waiting until after the next contract negotiations.
- GM to suspend production at its Russian plant for two months
Thu, 29 Jan 2015 11:27:52 -0800
General Motors Co will suspend production at its St. Petersburg auto assembly plant in Russia from mid-March to mid-May and is raising prices for its products because of the weak and volatile Russian rouble, a company spokesman said on Thursday. Russia's weak rouble and struggling economy were cited on Thursday by Ford Motor Co as major reasons the company lowered expectations for its European ...
- GM says it has no plans to extend ignition switch claims deadline
Wed, 28 Jan 2015 14:31:00 -0800
DETROIT (Reuters) - General Motors Co on Wednesday said it does not plan to extend a Jan. 31 deadline to file claims in its faulty ignition switch compensation program, rejecting pleas from two U.S. senators to extend the cutoff.
- General Motors plans fresh move into electric car market: report
Sat, 10 Jan 2015 15:26:27 -0800
WASHINGTON (Reuters) - General Motors Co plans to offer a new electric vehicle with a style and price-point that can compete with the forthcoming Tesla Model 3 car due out in two years, the Wall Street Journal reported on Friday. The $30,000 electric car called the Chevrolet Bolt, expected to debut commercially in 2017, will be able to drive 200 miles on a charge and is intended to cut into a ...
- General Motors issues three new recalls, cites ignition systems
Fri, 02 Jan 2015 02:10:06 -0800
NEW YORK (Reuters) - General Motors Co began the new year by announcing three new vehicle recalls on Thursday, as the ignition switch crisis continued to dog the automaker after millions of vehicles were recalled in 2014.
Auto Dealers News - View All
- Fund supported by auto show preview awards $4.2M in 15 years
Wed, 14 Jan 2015 07:11:19 -0800
The Detroit Auto Dealers Association Charitable Foundation Fund has awarded more than $4.2 million in grants over the past 15 years. The fund is among the beneficiaries of Friday's annual charity preview ...
- BMW's China dealers say company agrees to pay $820 million subsidy
Mon, 05 Jan 2015 09:30:08 -0800
SHANGHAI/FRANKFURT (Reuters) - BMW will pay 5.1 billion yuan ($820 million) to auto dealers in China who pressured the world's top luxury carmaker to share the cost of overstocked showrooms, BMW's main Chinese dealership group said on Monday.
- VW pledges sensible sales goals in Chinese dealer accord
Mon, 26 Jan 2015 08:37:26 -0800
Volkswagen has promised to continue to set sensible sales targets for its car dealers in China to ensure a financially healthy distribution network in a slowing market. The German group said on Monday it would continue to pursue a "mutually beneficial and sustainable partnership" with Chinese dealers based on an agreement the carmaker has reached with distributors in the world's No. 1 auto ...
- China launches pilot 'parallel import' for foreign cars
Wed, 07 Jan 2015 18:54:57 -0800
SHANGHAI (Reuters) - China will allow selected auto dealers registered in Shanghai's free trade zone to import and sell cars without the consent of foreign carmakers, according to an official notice published late on Wednesday. The launch of the pilot programme to allow so-called "parallel imports" of cars had been widely anticipated and analysts have said the move could put downward pressure on ...
- BMW agrees to pay $820 million subsidies to China dealers
Sun, 04 Jan 2015 23:38:23 -0800
By Samuel Shen and Edward Taylor SHANGHAI/FRANKFURT (Reuters) - BMW will pay 5.1 billion yuan ($820 million or 537 million pounds) to auto dealers who pressured Europe's...
Minority Dealers News - View All
- Federal prosecutors drop dozens of stash house sting charges
Thu, 29 Jan 2015 23:45:24 -0800
CHICAGO (AP) — The U.S. attorney's office in Chicago has quietly dropped dozens of serious narcotics conspiracy charges stemming from undercover stings involving fictional drug stash houses, a federal law enforcement technique critics contend amounts to entrapment and displays racial bias against minorities.
- On Paris terrorist's turf, fears of more in the pipeline
Mon, 19 Jan 2015 11:09:15 -0800
GRIGNY, France (AP) — The housing project that was home to Amedy Coulibaly is a concrete labyrinth so scary that doctors refuse to make house calls and mail workers won't deliver parcels. Drug dealers and teenage thugs hold sway over the blighted neighborhood.
- On tough home turf of Paris kosher grocery killer, fears of more terrorists in the pipeline
Mon, 19 Jan 2015 05:53:01 -0800
The housing project that was home to Amedy Coulibaly is a concrete labyrinth so scary that doctors refuse to make house calls and mail workers won't deliver parcels. It would be simplistic to argue that Coulibaly — a partner of the Charlie Hebdo attackers, killer of a policewoman and four hostages at a kosher store — became a terrorist because he grew up in this enclave of high unemployment and ...
Auto Sales News - View All
- China auto sales slow in 2014 but reach 19.7 mln vehicles
Mon, 12 Jan 2015 10:55:11 -0800
BEIJING (AP) — Growth in auto sales in China, the biggest market by number of vehicles sold, slowed last year but reached 19.7 million vehicles as domestic brands lost more market share to foreign competitors.
- China 2014 auto sales beat 23 mn, but growth slows
Mon, 12 Jan 2015 00:52:22 -0800
China's auto sales exceeded 23 million vehicles last year, an industry group said Monday, but annual growth halved from 2013 as a weaker economy took its toll on the world's biggest car market. Sales rose 6.9 percent, or 1.51 million vehicles, to 23.49 million, the China Association of Automobile Manufacturers (CAAM) said. China's passenger car sales, which account for the bulk of the market ...
- China auto sales slow in 2014 but reach 19.7 million vehicles; sales in Dec rise 16 per cent
Mon, 12 Jan 2015 11:13:02 -0800
BEIJING, China - Growth in auto sales in China, the biggest market by number of vehicles sold, slowed last year but reached 19.7 million vehicles as domestic brands lost more market share to foreign competitors....
- Markets, economy losing momentum: What will next week bring?
Fri, 30 Jan 2015 13:51:55 -0800
Yahoo Finance's weekly roundtable
- Canadian auto sales to rise in 2015 thanks to U.S. demand: Scotiabank report
Fri, 09 Jan 2015 11:43:21 -0800
TORONTO - Auto sales in Canada and Mexico this year will top the record-setting pace they set in 2014, according to a Scotiabank report on the global auto industry.
General Motors Dealers News - View All
- After losing GM business, Ally looks to other automakers to grow
Tue, 13 Jan 2015 12:50:02 -0800
NEW YORK (Reuters) - Ally Financial Inc will overcome General Motors Co's decision to stop using the lender for discounted leases on new cars by expanding business with dealers for other automakers, a spokeswoman said late Monday.
- GM cuts price on most Cadillac CTS sedans amid weak demand
Wed, 07 Jan 2015 13:17:54 -0800
DETROIT (Reuters) - General Motors Co's luxury Cadillac brand has cut the price most customers will pay for its 2015 CTS to counter slumping demand in the United States for the marquee sedan.
- Cadillac wants small dealers to upgrade to 'boutique' stores
Thu, 22 Jan 2015 11:23:47 -0800
DETROIT (AP) — In an effort to better compete with BMW and Mercedes, Cadillac wants about 700 smaller U.S. dealers to create "boutique" stores that focus on the General Motors luxury brand.
- Cadillac plans $12 bln product blitz over 5 years - brand president
Mon, 12 Jan 2015 15:31:36 -0800
By Ben Klayman DETROIT (Reuters) - General Motors Co's Cadillac brand plans a $12 billion new model offensive over the next five years that will include eight vehicles, including five i...
- Opel prices new Karl model to win former Chevrolet customers
Thu, 15 Jan 2015 04:09:01 -0800
FRANKFURT (Reuters) - Opel, the European brand of General Motors , said the new compact Karl model will go on sale in Germany for 9,500 euros (7,280 pounds), a price aimed at capturing cus...