When you're president of the United States, you can have TV and Twitter for breakfast.
Feb 12- Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday. It would be a major boost for the Plymouth, Michigan- based startup, which aspires to be the first carmaker to...
Feb 12- Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter said on Tuesday. It would be a major boost for the Plymouth, Michigan- based startup, which aspires to be the first carmaker to the U.S....
Feb 12- Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter said on Tuesday. The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. It would be a major boost for...
DETROIT, Feb 6- General Motors Co on Wednesday outlined an incentive plan for the head of its self-driving car unit that points the way toward a possible initial public offering for the business. The No. 1 U.S. automaker disclosed a long-term compensation plan that incentivizes Dan Ammann, chief executive of the Cruise unit, to develop the technology and...
DETROIT, Feb 6- The head of General Motors Co's Cruise self-driving car unit stands to make more than $179 million over the next decade if the technology subsidiary experiences a change in ownership or is listed publicly, according to a regulatory filing on Wednesday. Dan Ammann, who stepped down as GM's president and was named chief executive of Cruise at the...
GM expects to pull in about $2 billion-$2.5 billion in 2018 in cost savings in 2019.
GM CEO Mary Barra did not give many further details on the automaker's electric vehicle efforts, including exactly when customers should expect an electric pickup truck.
"Yes, it was a beat relative to consensus, but we think you have to take this report with a grain of salt," CFRA analyst Garrett Nelson says.
DECATUR, Texas/ FLINT, Mich., Feb 5- Mickey McMaster is on his 12th pickup truck. The 61- year old farm equipment dealer in Decatur, Texas, two weeks ago treated himself to a 2019 GMC Denali for around $69,000- a reward for long hours at work. At Flint, GM will build a new generation of its heavy-duty Chevrolet Silverado and GMC Sierras, including luxury models that are some...
WASHINGTON, Feb 4- General Motors Co on Monday said it was starting to hand pink slips to about 4,000 salaried workers in the latest round of a restructuring announced in late November that will ultimately shrink its white-collar workforce in North America by 15 percent out of 54,000.. Two people briefed on the cuts said GM is cutting hundreds of jobs at its...
The Detroit automaker could layoff thousands of white-collar workers as early as Monday.
Tesla's perch atop the luxury electric vehicle market is facing some serious challengers in the coming years.
The three top auto groups each managed to deliver more than 10 million vehicles worldwide last year, but the industry saw a sharp dip by General Motors, the long-time sales king sliding into a distant fourth place.
With its CEO setting a goal of going 100 percent electric, GM is taking a close look at how, if not when, to offer an all-electric SUV.
SAO PAULO, Jan 19- General Motors Co has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by Reuters on Saturday. In a message posted at Brazilian plants, GM's top executive in Brazil and Argentina, Carlos Zarlenga, said after running up a heavy loss over the past three years the...
But in Washington, the move remains a public relations crisis that threatens to derail a methodical effort by Chief Executive Mary Barra to keep GM in good graces with the White House and other politicians. Representative Debbie Dingell, a Democrat from southeast Michigan and former GM employee, said at the time that GM had become "the most thoroughly disliked...
DETROIT, Jan 14- Auto executives gathered in Detroit on Monday called on the Trump administration and Congress to resolve trade disputes, and end the government shutdown, saying political uncertainty is costing the industry. U.S. trade officials are negotiating a new deal with China in hopes of avoiding new tariffs, while a new regional trade agreement with...
Long the dominant U.S. auto show, Detroit's North American International Auto Show that kicks off Sunday will underscore some of the industry's biggest changes in recent years.
"The product pipeline is full. It's fresh. It's all in the right part of the market," says former GM vice chair Bob Lutz.
Data also provided by 
