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General Motors Co

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  • Michigan voters reject $1.9 bln road repair measure Wednesday, 6 May 2015 | 2:26 AM ET

    DETROIT May 6- Michigan voters Tuesday rejected a ballot proposal to hike the state sales tax to pay for fixing the state's crumbling roads and bridges. The final vote reported by the Michigan Secretary of State's office was 80 percent opposed, and 20 percent in favor. The plague of potholes in the state that's home to auto giants General Motors Co and Ford Motor Co...

  • FRANKFURT, Germany— Volkswagen's CEO said the company is tackling its problems in the wake of a leadership struggle and promised progress on lowering costs and raising profitability. Martin Winterkorn said the company's new assembly technology was being deployed on more and more models and would bring lower costs and more production flexibility.

  • KANSAS CITY, Kan., May 4- General Motors Co's chief executive said on Monday she is confident the company will convince investors of the value of holding on to GM's stock, which has dropped nearly 9 percent since mid-March despite a $5 billion share buyback plan. The company makes its profit in North America and in China, where margins are likely to be squeezed.

  • KANSAS CITY, Kansas, May 4- General Motors Co chief executive said the company will be able to convince investors about the value of the automaker's stock over time. "This is a business that is not made on a quarter by quarter basis," CEO Mary Barra told reporters at a roundtable interview at GM's assembly plant in Kansas City, Kansas. Barra said that she has not met with...

  • KANSAS CITY, Kan.— General Motors will invest $174 million in its Fairfax plant in Kansas City, Kansas, to pay for new equipment and technology to produce the 2016 Malibu, company officials announced Monday. CEO Mary Barra and GM North America and Global Chevrolet President Alan Batey were at the plant Monday to announce the investment and celebrate as the company...

  • GM ignition switch death toll switches rises to 97 Monday, 4 May 2015 | 10:54 AM ET

    NEW YORK— Families of at least 97 people killed in crashes caused by defective General Motors ignition switches will get compensated by the automaker. Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the total on Monday. The fund received 4,342 claims by the Jan. 31 deadline, and about 15 percent of the claims are still under review.

  • BEIJING/ NEW DELHI, May 4- General Motors aims to grab at least 5 percent market share in India within the next decade, as it sees that market overtaking Japan as the world's third biggest with projected annual sales of 8 million vehicles by 2025.. The Detroit carmaker, which is losing money in India even after 18 years there, will unleash a product blitz aimed at...

  • DETROIT— General Motors is knocking nearly $1,200 off the price of the 2016 Chevrolet Volt plug-in hybrid car. The company says the new Volt will start at $33,995 including shipping when it goes on sale in the fall. The current version costs $35,170.

  • DETROIT, May 3- Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead. Auto executives say the industry is as healthy as it's been since being restructured in 2009. But judging by the recent stock performance of General Motors Co, Ford Motor Co and Fiat Chrysler Automotive, investors have a less...

  • TORONTO, May 1- General Motors Co jumped to the top of the Canadian sales rankings for April as it sold 15 percent more cars and trucks than a year earlier, the company said on Friday, winning a crown usually held by its rivals. "Despite the troubling oil industry in Canada, vehicle companies reported an all-time best April in sales in the Canadian automotive history,"...

  • DETROIT, May 1- U.S. auto industry sales in April came in below expectations as Asia's major carmakers' results disappointed, offsetting strong gains for trucks and SUVs made by General Motors and Ford. Sales reported on Friday by Japan's Nissan, Toyota and Honda, as well as the combined results for South Korea's Hyundai and its Kia affiliate, all missed...

  • Traders work the floor of the New York Stock Exchange.

    U.S. stocks closed higher, recovering from the prior day's selloff, as investors eyed higher Treasury yields and looked for signs of economic growth.

  • TORONTO, May 1- General Motors Co jumped to the top of the Canadian sales rankings for April as it sold 15 percent more cars and trucks than a year earlier, the company said on Friday, winning a crown usually held by its rivals. In recent years, Ford Motor Co or Fiat Chrysler Automobiles' have typically led the Canadian market. The news came as automakers reported strong...

  • Operating conditions in Venezuela worsened in February after President Nicolas Maduro's socialist government launched a 70 percent devaluation of the bolivar via a new "free floating" currency system known as Simadi. Herbalife, which did not return messages seeking comment, has said in regulatory filings it may be forced to deconsolidate its operations in...

  • TORONTO, May 1- Fiat Chrysler Automobiles' Canadian sales rose 1 percent to 27,473 cars and trucks in April, boosted by Jeep sales as well as the Chrysler 200 sedan, the company said on Friday. Toyota Canada sold 20,642 vehicles in April, a 0.1 percent decline from a year earlier, even as sales of its Lexus brand jumped 32 percent to 2,147 cars and trucks.

  • WASHINGTON, May 1- U.S. factory activity failed to gain steam in April after slowing for five straight months, but stronger-than-expected vehicle sales suggested the economy was finding some momentum after almost stalling in the first quarter. "The reacceleration in growth will not come fast enough for many, especially those looking for a liftoff by the Fed to...

  • Truck demand drives autos toward April increase Friday, 1 May 2015 | 1:07 PM ET
    2015 Jeep Cherokee

    Robust demand for trucks, crossover and sports utility vehicles kept the industry on track for its best year in almost a decade.

  • DETROIT, May 1- General Motors Co and Ford Motor Co both reported stronger-than-expected U.S. auto sales in April on Friday as robust demand for trucks, and crossover and sports utility vehicles kept the industry on track for its best year in almost a decade. Nissan Motor Co and Toyota Motor Corp increased 5.7 percent and 1.8 percent, respectively.

  • WASHINGTON, May 1- The U.S. manufacturing expansion held steady at near a two-year low in April, but a jump in consumer sentiment and stronger-than-expected vehicle sales suggested the economy was pulling out of a first-quarter soft patch. The Institute for Supply Management said its index of national factory activity was at 51.5 in April, matching the March...

  • DETROIT, May 1- General Motors Co and Ford Motor Co both reported stronger-than-expected U.S. auto sales in April on Friday as robust demand for trucks, and crossover and sports utility vehicles kept the industry on track for its best year in almost a decade. Sales at Fiat Chrysler Automobiles and Nissan Motor Co increased 5.8 percent and 5.7 percent,...