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General Motors Co

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  • 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.

  • 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...

  • 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...

  • WASHINGTON, June 24- General Motors Co plans to begin testing new Cisco Systems Inc technology that could allow "talking" cars to share radio communication bands with roadside Wi-Fi devices, a GM executive told U.S. lawmakers. "We are very optimistic about a sharing proposal from Cisco that would operate on a' listen, detect and vacate' basis," said Harry Lightsey,...

  • America's top states for innovation in 2015 Wednesday, 24 Jun 2015 | 4:30 PM ET
    Top States Technology and Innovation

    These 10 states lead the nation in tech investment, patents and research, which has helped reinvigorate their local economies.

  • Alfa Romeo unveils flagship sedan as it eyes US market Wednesday, 24 Jun 2015 | 1:05 PM ET

    ARESE, Italy— Fiat Chrysler CEO Sergio Marchionne unveiled Wednesday the long-awaited Alfa Romeo Giulia, a sedan meant to power the premium sports car brand's return to the United States. It was part of the plan, "Marchionne told reporters, using the short name for Fiat Chrysler Automobiles. General Motors has said it is not interested in a merger with Fiat...

  • Mini aims for best of both worlds with car-sharing scheme Wednesday, 24 Jun 2015 | 10:14 AM ET

    BERLIN, June 24- British carmaker Mini has joined the rush to solve the problem of customers abandoning car ownership in favour of car-sharing, launching a scheme that effectively offers buyers the chance to offset the purchase price by renting out their vehicles. The Mini plan announced on Wednesday will work by expanding parent BMW's existing DriveNow...

  • DETROIT, June 24- The head of General Motors Co's Chevrolet brand said Wednesday he expects the automaker will have a good second-half performance in China, although sales growth in the world's largest auto market is slowing. GM's Alan Batey said on the sidelines of a GM event here that pricing for new vehicles is "moderating" as competition intensifies in China.

  • Early movers: LEN, NFLX, MKC, WFM, FCX & more Wednesday, 24 Jun 2015 | 7:56 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Ford joins competitors in growing car-sharing field Tuesday, 23 Jun 2015 | 10:30 PM ET

    June 23- Ford Motor Co will test new car-sharing programs with U.S. and UK partners as part of a strategy to embrace alternatives to traditional car ownership, including more flexible on-demand models. Ford's finance arm is launching pilot car-sharing programs with Getaround in the United States and easyCar Club in London, Ford Chief Executive Officer Mark...

  • June 23- Goldman Sachs said it prefers Ford Motor Corp over General Motors Co and downgraded the largest U.S. automaker's stock to "neutral" from "buy," citing slowing growth in China and the United States. While the prospects for growth in China have worsened for both companies, Ford is less dependent on China than GM, Goldman wrote in a note to clients.

  • PALO ALTO, Calif./ DETROIT, June 23- Ford Motor Co is joining other global automakers in stepping up efforts to roll out self-driving cars, company executives said on Tuesday. Ford has lagged behind competitors, notably General Motors Co, Volkswagen AG's Audi, Daimler AG's Mercedes-Benz and Tesla Motors Inc, which have all announced plans to begin offering...

  • MILAN, June 23- Fiat Chrysler Automobiles will launch the first of a new range of Alfa Romeo cars on Wednesday, the lynchpin of its turnaround plan and potentially an opportunity to attract a cash-rich merger partner. Chief Executive Sergio Marchionne is betting on the 105- year-old Alfa brand to help FCA take on German rivals BMW, Audi and Mercedes-Benz in the...

  • June 23- U.S. auto safety regulators said on Tuesday their estimate for the millions of vehicles affected by the Takata Corp air bag recall will likely be revised because cars with two front air bags were double-counted. The National Highway Traffic Safety Administration has come under fire for failing early on to catch the defective Takata air bag inflators,...

  • WASHINGTON— Senators threatened Tuesday to withhold additional funding from the nation's top auto safety agency until it improves its ability to spot defective parts like Takata Corp.' s exploding air bags. The Senate Commerce Committee met to grill Takata on its ongoing recall of 33.8 million air bags, the largest recall in U.S. history.

  • Police raid Toyota offices after arresting US executive Tuesday, 23 Jun 2015 | 10:30 AM ET

    TOKYO— Police raided Toyota Motor Corp.' s headquarters and its Tokyo and Nagoya offices on Tuesday in connection with the arrest of a senior American executive on suspicion of drug law violations. Julie Hamp, 55, Toyota's newly appointed head of public relations and its highest female executive ever, was arrested June 18 on suspicion of importing oxycodone, a...