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General Motors Co

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  • *Company to invest in producing Jeep in India. *India to be No. 3 car market by 2020- IHS Automotive. NEW DELHI, July 1- Fiat Chrysler will invest $280 million to begin Jeep production in India from 2017 through an expanded joint venture with Tata Motors, the carmaker said on Wednesday.

  • ST.PETERSBURG, Russia— General Motors has halted production at its single assembly plant in Russia as sales have plummeted amid an economic downturn. Sergei Lepnukhov, GM's spokesman in Russia, said Wednesday the plant in St. Petersburg stopped work "in the framework of the company restructuring its business model in Russia." The plant, GM's only fully owned...

  • DETROIT, July 1- Strong demand for sport utility vehicles and trucks in June helped General Motors Co and Ford Motor Co offset slowing demand for sedans by allowing them to raise prices on their trucks. GM and Ford said on Wednesday increases in the average transaction prices for their vehicles, particularly trucks and SUVs, outpaced sales volume growth that...

  • Sales of the larger Ford Explorer rose 30 percent; Nissan's Rogue small SUV posted a 54 percent jump; and sales of the Jeep Cherokee gained 39 percent. Most automakers reported gains for June, led by Nissan with an increase of 13 percent. General Motors' sales fell, largely because the company cut back on sales to rental-car companies.

  • At first the Jan. 24, 2014, crash on U.S. 50 in Cincinnati's eastern suburbs drew only the attention of Ohio authorities, who faulted the semi driver for not properly inspecting the hitch that holds the trailer to the tractor. Given the nearly 1 ½- year gap between the crash and the investigation, the safety agency could face renewed criticism for failing to...

  • TOKYO— Julie Hamp, the most senior female executive at Toyota who was arrested in Japan last month on suspicion of drug law violations, has resigned from the company, the automaker said Wednesday. Hamp, a 55- year-old American who was Toyota's newly appointed head of public relations, was arrested on June 18 on suspicion of importing oxycodone, a narcotic pain...

  • BERLIN/ FRANKFURT, June 30- When Herbert Diess takes over on Wednesday as head of Volkswagen's namesake car brand, he will inherit one of the group's biggest problems: how to slash costs at the sprawling Wolfsburg complex. Diess summarized his views on Wolfsburg in a scathing internal report, telling superiors the plant's workforce of 50,000 is bloated with...

  • June 29- General Motors Co said a judge in Delaware has dismissed a lawsuit by shareholders who wished to recoup losses stemming from the recall of millions of vehicles with an ignition switch defect linked to several deaths. There are three other shareholder derivative actions, one in Wayne County, Michigan and two in Federal District Court for the Eastern...

  • What's driving Detroit's manufacturing turnaround? Monday, 29 Jun 2015 | 11:45 AM ET
    Emerging from bankruptcy last year, Detroit's resurgence in manufacturing is seen as a major pathway to continued recovery.

    No longer in bankruptcy, Motor City is busy nurturing 1,400 next-gen advanced manufacturers to rekindle its legacy as a production hub.

  • DETROIT— The death toll from faulty ignition switches in General Motors' small cars has risen by two to 119.. Victims' families are being offered compensation of at least $1 million each by attorney Kenneth Feinberg, who was hired by GM last year. GM paid $200 million to settle claims filed with Feinberg as of March 31.

  • ANN ARBOR, Mich., June 26- From renaming an ice cream flavor to flying the gay movement's rainbow flag, many American corporations celebrated Friday's U.S. Supreme Court decision to legalize same-sex marriage and said it made good sense for their businesses. "We applaud today's U.S. Supreme Court ruling on marriage equality, which will help families across the...

  • The problem is clear: Traffic congestion will become significantly worse and more widespread without big changes in how people and products get around. The possible solutions are many, but none is easy or cheap. The nation's driving capital, Los Angeles, is making a multibillion-dollar investment in building or extending five rail lines.

  • Congress this week gave Obama "fast-track" power to speed the agreement through Congress. Microsoft Corp, International Business Machines Corp, AT&T Inc and Intel Corp see exports of digital services, such as software and technology consulting, rising in Asian markets. The deal would eliminate a 25 percent tariff on pickup trucks made in Japan and southeast...

  • DETROIT, June 25- General Motors Co said on Thursday it will incur a $600 million charge on its second-quarter net profits because of a change in the way it values Venezuelan currency. Despite the significant challenges in Venezuela, this market continues to be very important to us. " In April, GM had announced it would likely end vehicle production in Venezuela in...

  • A sneaky threat to the smartphone economy Thursday, 25 Jun 2015 | 10:54 AM ET
    The Samsung Galaxy S6 Edge smartphone at the Mobile World Congress in Barcelona, March 2, 2015.

    A seemingly-limited dispute between a chip maker and Samsung is a sneaky threat to the smartphone economy, says this ex-commerce undersecretary.

  • GM's Chevy puts hopes for global growth on Cruze Thursday, 25 Jun 2015 | 8:59 AM ET
    The General Motors Co. Chevrolet Cruze vehicle is unveiled during an event at the Fillmore Theater in Detroit, Michigan.

    General Motors unveiled the new-generation Chevrolet Cruze compact car, a linchpin of its effort to attract new buyers to the brand.

  • Detroit, June 24- General Motors Co is developing technology to allow new features to be downloaded wirelessly, the automaker's head of vehicle development said on Wednesday. Reuss, meeting with reporters in Detroit, did not lay out a specific timetable for deploying the new, upgradeable electrical and data systems, but indicated it would be soon.

  • Driving higher: 5 trades on auto stocks Wednesday, 24 Jun 2015 | 7:00 PM ET
    New Ford cars are displayed on the sales lot at Veracom Ford on April 28, 2015 in Burlingame, California.

    After ratings changes on shares of auto giants Ford an GM, "Fast Money" traders gave their outlooks for the stocks.

  • New Chevy Cruze gets bigger and roomier with more power Wednesday, 24 Jun 2015 | 7:00 PM ET

    DETROIT— Five years ago, General Motors revealed an all-new compact car in the U.S. that was designed to enter a market that GM ignored for decades. The Chevrolet Cruze accomplished its mission. "We retained all the attributes that made the original Cruze a hit around the globe and built on them to make this car more sophisticated, more fun," said Alan Batey, GM's North...

  • GM's Chevy brand puts hopes for global growth on Cruze Wednesday, 24 Jun 2015 | 7:00 PM ET

    GM sells the Cruze in 40 markets, including the United States, China, Brazil and India. GM's revamped compact sedan will drive into a crowd of competitors with similar performance, features and functionality in the same price range- about $16,000 to $26,000 in the United States. Sales of the current Cruze in the United States, Chevrolet's largest market, lag those...