In two hearings held in late March and one scheduled for next week, U.S. lawmakers are grilling virtually every major official involved in the 737 Max program — except Boeing CEO Dennis Muilenburg.
Shares of Ohio-based automaker Workhorse jumped after a tweet from President Trump.
President Donald Trump on Wednesday praised General Motors CEO Mary Barra after he says she informed him GM will sell its shuttered Lordstown, Ohio, manufacturing plant to auto manufacturer Workhorse.
The Rivian pickup "wouldn't make sense for me. It sounds like a playboy's truck, instead of a work truck," Texas rancher Frank Helvey said.
The company in April reported sales that fell 7% from the prior year.
DETROIT, April 18- General Motors Co's top executive, Mary Barra, received a compensation package worth just under $22 million in 2018, slightly less than the previous year, according to the No. 1 U.S. automaker's proxy statement released on Thursday. President Donald Trump as it negotiates new trade deals with China, Europe and Japan. Barra's pay package included...
April 17- General Motors' luxury Cadillac brand is enjoying strong growth in China, the No.1 U.S. automaker said at a conference on Wednesday in New York. The U.S. automaker will launch a new product every 6 months for the next 3 years in China, Carlisle said at a Bank of America Merrill Lynch conference. Sales of the Cadillac brand in China rose 17.2 percent in 2018, and...
On Thursday, General Motors quietly rolled out a new link on its website that touted the "next generation Corvette reveal event" on July 18, along with photos of a camouflaged car that show an all-new, mid-engine model.
March 28- General Motors Co on Thursday said it has no plan to cut the sticker price on its electric Chevrolet Bolt sedan after a federal tax credit drops by half to $3,750 on Monday. Last year, GM became the second automaker in the United States to hit the 200,000 cumulative electric vehicles sales figure, which triggers a phaseout of the $7,500 federal tax credit...
Berkshire Hathaway's Warren Buffett sits down with CNBC's Becky Quick in Grapevine Texas at an event for Hand-up Success. They discuss the state of the economy, his investment strategy and General Motors.
Berkshire Hathaway's Warren Buffett sits down with CNBC's Becky Quick in Grapevine Texas at an event for Hand-up Success. They discuss the state of the economy, his investment strategy and General Motors.
CNBC's Phil LeBeau reports from a General Motors press conference where the company is announcing a new $1.8 billion dollar investment to build electric vehicles in the U.S. following ongoing controversy with President Trump. Trump criticized the company for idling five of its U.S. plants.
Bob Lutz, former GM Vice Chairman, and Chris Lu, Obama's deputy Secretary of Labor, join "Squawk on the Street" to discuss General Motors' announcement that it plans to add 700 jobs and invest $1.8 billion toward building electric cars in the U.S.
March 22- General Motors Co confirmed on Friday it will invest $300 million in a suburban Detroit assembly plant, adding 400 jobs to build a new Chevrolet electric vehicle. Trump called GM CEO Mary Barra on Sunday to raise the decision to end production at the Ohio plant, which is in a crucial state for the 2020 presidential election. Reuters reported on Thursday on...
The investment is a portion of $1.8 billion GM pledged to spend on manufacturing in the U.S., which will create 700 new jobs and support a further 28,000 jobs across six states, the company said.
March 21- General Motors Co will announce on Friday plans to invest $300 million in a suburban Detroit plant that builds electric and self-driving vehicles for Chevrolet and the automaker's self-driving Cruise unit, two people familiar with the plans said on Thursday. Company executives are expected to make the case that the new EV- originally considered for...
President of Global Operations Joe Hinrichs told CNBC the company is moving quickly toward producing what it previously described as a "Mustang-inspired" all-electric SUV that will be in showrooms next year.
SAO PAULO/ DETROIT, March 19- General Motors Co said on Tuesday it would invest $2.7 billion in two Brazilian factories over the next five years, sparing them from a shakeup of the automaker's operations, a decision hailed by the governor of Brazil's largest state. Sitting next to Doria at the news conference, GM's CEO for South America, Carlos Zarlenga, also did not...
President Trump tweeted to urge automaker General Motors to reopen its Lordstown, Ohio plant. Trump suggested in the tweets that GM instead close an overseas auto plant.
TOLEDO, Ohio, March 18- General Motors Co built the final Chevrolet Cruze small car at its Lordstown, Ohio, assembly plant on March 6, despite demands from President Donald Trump, Ohio political leaders and the United Auto Workers union not to close the plant and leave nearly 1,500 workers laid off. She had already moved on to her new workplace, GM's Toledo...
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