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....The companies have revealed their support for the Climate Leadership Council, a group of senior Republican figures that in February proposed a $40 fee on each ton of CO2 emitted as part of a “free-market, limited government” response to climate change. The fossil fuel companies announced their backing for the plan alongside other major firms including Unilever, PepsiCo, General Motors and Johnson & Johnson. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 04:32:21 PM
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Latest Finance News related to General Motors

Exxon, BP and Shell back carbon tax proposal to curb emissions image
Source : Guardian [Read Article] Tuesday 20th of June 2017 04:32:21 PM
....The companies have revealed their support for the Climate Leadership Council, a group of senior Republican figures that in February proposed a $40 fee on each ton of CO2 emitted as part of a “free-market, limited government” response to climate change. The fossil fuel companies announced their backing for the plan alongside other major firms including Unilever, PepsiCo, General Motors and Johnson & Johnson. ...
Tyre maker Pirelli suspends production in Venezuela image
Source : BBC [Read Article] Wednesday 7th of June 2017 01:11:03 PM
....The firm said it would cease production at its Guacara plant in Carabobo state from 16 June after 26 years in business in Venezuela. It comes a month after General Motors said it was leaving Venezuela. ...
'Nothing we could do' image
Source : BBC [Read Article] Tuesday 23rd of May 2017 11:00:17 PM
.... Now almost every single carmaker in the world is present in Mexico," Mr Heath says. It is not just Nafta that has attracted companies such as BMW, Nissan and General Motors. ...
Ford names Jim Hackett as new CEO in push to build self-driving cars image
....This year it was overtaken in stock market value by newcomer Tesla, which specialises in electric cars and is testing driverless vehicles, as investors focus on the future of transport. The 114-year-old company has also been outpaced by traditional rivals such as General Motors, which posted rising first-quarter profit this year, while Ford’s earnings slumped. ...
Ford chairman denies that he fired chief executive image
Source : BBC [Read Article] Monday 22nd of May 2017 07:20:07 AM
....Ford, which gave the world its first mass-market car, is witnessing the end of the internal combustion engine. Long-range electric and autonomous transport is tomorrow's technology, and the likes of General Motors, Toyota, and Volkswagen are ahead in the race to exploit it. ...
GM to stop making cars for Indian market image
Source : BBC [Read Article] Friday 19th of May 2017 05:19:34 AM
. General Motors (GM) has announced that it will stop making cars for the Indian market by the end of 2017. ...
Tesla factory workers reveal pain, injury and stress: 'Everything feels like the future but us' image
....When Tesla bought a decommissioned car factory in Fremont, California, Elon Musk transformed the old-fashioned, unionized plant into a much-vaunted “factory of the future”, where giant robots named after X-Men shape and fold sheets of metal inside a gleaming white mecca of advanced manufacturing. The appetite for Musk’s electric cars, and his promise to disrupt the carbon-reliant automobile industry, has helped Tesla’s value exceed that of both Ford and, briefly, General Motors (GM). ...
Ford 'set to shed 10% of workforce' image
Source : BBC [Read Article] Tuesday 16th of May 2017 07:39:31 AM
....2bn (£927m) to upgrade three plants in Michigan in the US and create 130 new jobs. At the start of the year it cancelled plans to build a new factory in Mexico after pressure from President Trump, who had also criticised General Motors' plans to produce cars there. ...
Lyft strikes self-driving deal with Google's Waymo image
Source : BBC [Read Article] Monday 15th of May 2017 08:23:51 AM
....". Lyft, which offers a booking platform in 300 US cities, already has a partnership to develop self-driving cars with General Motors. ...
What does the business world make of Trump 100 days in? The jury is still out image
.... He wiped $1bn, temporarily, off Boeing’s value after threatening to cancel its contract to build the new Air Force One 747. General Motors is sending Mexican made model of Chevy Cruze to U. ...
General Motors loses Supreme Court appeal over car faults image
Source : BBC [Read Article] Monday 24th of April 2017 09:06:53 PM
. General Motors has lost a legal bid aimed at protecting it from lawsuits over faulty ignition switches. ...
Peugeot Citroen investigated over diesel emissions image
Source : BBC [Read Article] Monday 24th of April 2017 06:37:59 PM
....5 million of them in Europe - with devices to fool diesel emissions tests. Last month, PSA agreed to buy Opel and Vauxhall from the US firm General Motors for £1. ...
Tesla recalls 53,000 cars over brake issue image
Source : BBC [Read Article] Friday 21st of April 2017 02:16:42 AM
.... . Tesla faces competition from other similarly priced electric cars that will become available first, including General Motors' Chevy Bolt and BYD's Qin EV300. ...
GM says Venezuelan car plant is seized by government image
Source : BBC [Read Article] Thursday 20th of April 2017 10:46:00 AM
. General Motors has said its Venezuelan car plant has been seized by the government as political tension rises in the country. ...
Facing the future image
Source : BBC [Read Article] Sunday 16th of April 2017 11:29:50 PM
Sparks fly on Wall Street over Tesla’s current valuation image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
. Tesla, the electric carmaker, briefly became America’s most valued auto manufacturer last week when a surge in its share price saw it roar past General Motors. ...
Tesla board 'too close to Elon Musk' image
Source : BBC [Read Article] Wednesday 12th of April 2017 09:01:58 PM
....". This month Tesla became most valuable US car company, beating General Motors for the top spot. ...
Tesla surpasses GM to become most valuable car company in US image
Source : Guardian [Read Article] Monday 10th of April 2017 04:37:58 PM
.... When US markets closed on Monday the manufacturer was worth $51. 54bn to second banana General Motors’ $50. ...
Tesla closes in on General Motors as most valuable US carmaker image
Source : BBC [Read Article] Tuesday 4th of April 2017 05:33:05 PM
. Electric car maker Tesla is vying with General Motors to become the most valuable auto company in the US. ...
Tesla charges ahead to overtake Ford in market value image
Source : Guardian [Read Article] Tuesday 4th of April 2017 01:31:56 PM
....Tesla may be on a charge, but Ford is in particularly bad shape. It remains in the world’s top 10 auto firms and is also among the US “Big Three” alongside General Motors and Chrysler. ...
Do not let Brexit ruin car industry, urges chair of London Taxi Company image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 07:51:15 AM
.... He was very confident about the future of the car industry in Britain, he said. Forster, the former boss of General Motors Europe and Jaguar Land Rover, urged the UK and EU to reach a mutually beneficial deal for the automotive industry as part of Brexit. ...
Hard Brexit 'could increase cost of making a car in UK by £2,400' image
Source : Guardian [Read Article] Monday 20th of March 2017 06:34:46 PM
....However, the European boss of Toyota warned tariff-free access to Europe was vital to the future success of the Burnaston plant and concerns are growing about other factories. There are fears that General Motors’ Vauxhall plants at Ellesmere Port, Merseyside, and Luton, Bedfordshire, could be downsized or even closed after the business was bought by Peugeot. ...
Has the tech bubble peaked? Signs that the startup boom may be fizzling image
....Ride-sharing app Uber, for example, has raised more than $16bn and is valued at more than $69bn. That’s more than automotive giants such as General Motors and Ford, despite the company losing $2. ...
Toyota invests £240m in Derbyshire plant – but warns over Brexit tariffs image
....However, since the referendum last June Nissan has committed to expanding its factory in Sunderland while Jaguar Land Rover has also pressed ahead with investments in its factories. However, there are concerns that General Motors’ Vauxhall plants at Ellesmere Port, Merseyside, and Luton, Bedfordshire, could be downsized or even closed after the business was bought by Peugeot. ...
Trump begins rollback of Obama's car pollution standards to curb emissions image
Source : Guardian [Read Article] Wednesday 15th of March 2017 10:22:11 PM
....”. Trump unveiled the review at an event in Detroit where he met with executives from companies, including General Motors, Ford and Fiat. ...
We will all need a stiff drink to swallow Hammond’s austerity image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
.... The Treasury was developing an industrial strategy under the premiership of James Callaghan and chancellor Denis Healey in 1976-79, but this was abandoned by the Thatcher governments from 1979 and contemptuously dismissed as a failed policy of trying to “pick winners”. We now find that multinationals such as the French PSA Group taking over General Motors’ subsidiaries in Europe want assurances from HMG that, with Britain out of the single market, they can rely on a supply chain within the UK, supported by an accommodating industrial policy and decent infrastructure. ...
Brexit and Bochum haunt Vauxhall in the new battle for Ellesmere Port image
Source : Guardian [Read Article] Saturday 11th of March 2017 04:00:38 PM
. Vince Cable pushed at the revolving door of General Motors’ New York offices and stepped into the bustle of a February afternoon in Manhattan. ...
'We can make Vauxhall profitable' says Peugeot boss image
Source : BBC [Read Article] Tuesday 7th of March 2017 12:19:42 PM
.... . PSA has agreed to buy loss-making Vauxhall and Opel from General Motors for £1. ...
Vauxhall takeover: Peugeot boss says no plans to shut plants image
Source : BBC [Read Article] Tuesday 7th of March 2017 10:34:22 AM
.... . The brands' previous owner, General Motors, did not market Opel or Vauxhall cars outside Europe. ...
Snap slides as Wall Street ends lower image
Source : BBC [Read Article] Monday 6th of March 2017 11:51:47 PM
...."We think there's a reasonable chance at the end of the year we'll be a little bit lower than we are right now," said Scott Wren, equity strategist at Wells Fargo Investment Institute. General Motors lost 0. ...
Theresa May must give Vauxhall assurances over Brexit, says Labour image
Source : Guardian [Read Article] Monday 6th of March 2017 08:03:56 PM
....”. Under existing agreements with Vauxhall’s current owner General Motors, which PSA has pledged to recognise, Vauxhall’s Ellesmere Port plant will produce the Astra car until 2021 and the Luton plant will make the Vivaro van until 2025. ...
Peugeot sale is an 'opportunity', says Clark. An opportunity for pigs to fly | John Crace image
.... The only fly in the ointment was that it was principally open for overseas companies flogging their UK assets to other overseas companies. But the business secretary is by nature an optimist and was determined to cast General Motors’ sale of Vauxhall to Peugeot in a positive light. ...
Vauxhall's Luton and Ellesmere Port factories will face battle after 2021 image
....Vauxhall’s factories in Ellesmere Port and Luton will have to battle with Peugeot, Citroën, and Opel plants across Europe to win the right to produce vehicles beyond 2021. The future of Vauxhall’s sites is secure until then because PSA Group, which has bought Vauxhall and Opel from General Motors, has pledged to recognise existing production commitments. ...
In the Vauxhall towns, workers view PSA takeover with unease image
Source : Guardian [Read Article] Monday 6th of March 2017 06:59:58 PM
.... At its peak in 1974, the plant employed 12,000 people and employees travelled in by train from Liverpool and north Wales. The future of the plant was threatened in 2012 when General Motors restructured its European operations, but an agreement to build new Astra cars promised to secure the jobs of the site’s employees until 2020. ...
Car deal image
Source : BBC [Read Article] Monday 6th of March 2017 12:49:19 PM
....Although the division's boss, Karl-Thomas Neumann, pledged to return to growth in 2016, the operation ended up reporting a loss of $300m (£245m). Both Vauxhall and Opel have been part of General Motors for nearly 100 years. ...
Peugeot-Citroën chief vows to save jobs in Vauxhall/Opel takeover image
Source : Guardian [Read Article] Monday 6th of March 2017 12:35:46 PM
. The chief executive of the French company behind Peugeot and Citroën has vowed to turn Opel and Vauxhall around without factory closures or job cuts, after agreeing to buy General Motors’ lossmaking European arm for €2. ...
The fine print behind the GM deal image
Source : BBC [Read Article] Monday 6th of March 2017 09:17:53 AM
....The £1. 9bn headline price suggests both General Motors and Peugeot think the former's European operations have significant value. ...
GM set to announce Opel and Vauxhall sale on Monday image
Source : BBC [Read Article] Sunday 5th of March 2017 12:03:33 PM
. General Motors is set to announce a deal to sell its Vauxhall and Opel operations to the French company that owns Peugeot and Citroen. ...
Peugeot owner PSA close to deal to buy Vauxhall and Opel image
Source : Guardian [Read Article] Saturday 4th of March 2017 07:26:55 AM
. The owner of Peugeot and Citroën is close to completing a deal with General Motors to buy its European car brands Vauxhall and Opel. ...
Peugeot 'set to unveil deal to buy GM's Opel on Monday' image
Source : BBC [Read Article] Friday 3rd of March 2017 11:26:34 PM
. France's PSA Group, maker of Peugeot and Citroen cars, has reached a deal with General Motors to buy its Opel and Vauxhall brands, according to reports. ...
A Mini part's incredible journey shows how Brexit will hit the UK car industry image
....”. Cable said there is likely to be “intensive lobbying” from the German government to protect jobs at Opel if PSA, the owner of Peugeot, completes a takeover of General Motors’ European business. ...
Dyson shrugs off Brexit fears with massive UK expansion plan image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:19:58 PM
.... BMW is considering building its new electric Minis in Germany rather than its factory at Oxford. There are also concerns that jobs could be lost at Vauxhall’s factories in Ellesmere Port and Luton if PSA Group, the owner of Peugeot, completes a deal to buy parent company General Motors’ European business. ...
BMW considers making electric Mini outside UK due to Brexit worries image
Source : Guardian [Read Article] Monday 27th of February 2017 06:21:12 PM
....The doubts about where the electric Mini will be built is one of a number of issues threatening to derail the revival of Britain’s car industry. The government persuaded Nissan to commit more investment for its plant in Sunderland but there are fears that jobs could be lost at Vauxhall’s factories in Ellesmere Port and Luton if PSA Group, the owner of Peugeot, completes a deal to buy General Motors’ European business, which includes Vauxhall and Opel. ...
Vauxhall pensions 'won't be hit by PSA Group deal' image
Source : BBC [Read Article] Friday 24th of February 2017 12:40:52 PM
....He also said labour commitments at Vauxhall's Ellesmere Port and Luton plants would be honoured. PSA Group, which makes Peugeot and Citroen cars, wants to buy General Motors' Vauxhall and Opel businesses. ...
Vauxhall production guaranteed until at least end of decade, PSA tells union image
. The boss of PSA Group, which is in talks to buy General Motors’ loss-making Opel business in Europe, including Vauxhall, has given assurances to the UK government and Britain’s biggest union that production will be guaranteed until at least 2021. ...
Vauxhall job fears rise as Peugeot boss mentions 'speedy' savings image
Source : Guardian [Read Article] Thursday 23rd of February 2017 11:00:40 AM
. The boss of PSA Group said the French carmaker’s proposed purchase of General Motors’ lossmaking European business could bring “speedy” savings, prompting fresh fears over job cuts at Vauxhall in the UK – just hours after speaking to Theresa May. ...
Peugeot owner PSA sees profits nearly double image
Source : BBC [Read Article] Thursday 23rd of February 2017 10:11:37 AM
. The owner of French carmaker Peugeot has reported a near doubling of profits, as it considers buying General Motors' (GM) Opel and Vauxhall brands. ...
UK plans draft response to foreign takeovers after failed Unilever bid image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:07:18 PM
....Clark’s remarks on Wednesday followed his pledge about the government’s “unbounded commitment” to protecting jobs at the carmaker Vauxhall. Fears are growing about plants in Ellesmere Port and Luton as the French owner of Peugeot and Citroën, PSA Group, presses ahead with talks to buy General Motors’ European business, which includes Opel in Germany and Vauxhall in the UK. ...
Fears grow for Vauxhall jobs as government vows to do all it can image
Source : Guardian [Read Article] Monday 20th of February 2017 07:31:35 PM
....The business secretary has promised the government’s “unbounded commitment” to protecting jobs at Vauxhall amid concerns over the carmaker’s future. Fears are growing about plants in Ellesmere Port and Luton as the French owner of Peugeot and Citroën, PSA Group, presses ahead with talks to buy General Motors’ European business, which includes Opel in Germany and Vauxhall in the UK. ...
Another Brexit downside: foreign giants in power grabs for famous British names image
.... The thousands of workers in those two places now face an anxious wait for the outcome of takeover talks involving their parent companies. Last week General Motors revealed it was in talks with Groupe PSA, the owner of Peugeot and Citroen, about selling its European businesses, Opel and Vauxhall, while Unilever rejected a $143bn (£115bn) bid from Kraft Heinz. ...
Vauxhall's workforce highly valued, minister told by potential French buyer image
....Vauxhall’s brand and “committed workforce” are highly valued, the business secretary has been told during talks in Paris over the future of thousands of jobs in the UK car industry. Greg Clark travelled to Paris late on Thursday to meet his French counterpart, Christophe Sirugue, and board members of PSA Groupe, which is in talks to acquire General Motors’ loss-making European operation including Opel. ...
Vauxhall's future in UK is secure, says business secretary image
Source : Guardian [Read Article] Thursday 16th of February 2017 03:35:55 PM
. The UK business secretary has said he has been reassured about the future of General Motors’ Vauxhall production operations in Britain, following a meeting with the US carmaker’s chairman. ...
Unite leader warns GM his union will not accept any Vauxhall job losses image
Source : Guardian [Read Article] Wednesday 15th of February 2017 02:13:22 PM
. Len McCluskey, leader of the UK’s biggest union, has warned that it will oppose job losses at Vauxhall, as the chief executive of US parent company General Motors flew to Germany for talks about the sale of its struggling European car-making business. ...
General Motors looks to sell loss-making Vauxhall and Opel image
Source : Guardian [Read Article] Tuesday 14th of February 2017 01:42:44 PM
. General Motors is in talks to sell its European arm Opel, which includes the UK’s Vauxhall, to the company behind Peugeot, after branding Brexit a “speed bump” that was slowing efforts to turn the loss-making division around. ...
VW becomes world's No 1 carmaker despite diesel emissions scandal image
Source : Guardian [Read Article] Monday 30th of January 2017 01:55:34 PM
....3m cars sold by VW. General Motors is reporting its 2016 sales next week, but industry analysts said it had no chance of overtaking VW. ...
Jobs for all? In the US that idea is about to be tested to destruction | John Harris image
....But Trump’s plans for a renaissance of manufacturing work are something else. Ford and General Motors, he said this week, were “gonna build plants back in the United States” and thereby “bring jobs back to America, like I promised on the campaign trail”. ...
Bernie Sanders supports Trump's TPP order while McCain criticizes opting out image
....The decision to end TPP and warn of consequences for outsourcing was just the latest in a series of shots Trump has fired over the heads of US business. Since his election Trump has attacked plans by Ford, General Motors and Toyota to build cars destined for US import outside the country, particularly in Mexico. ...
Mexico braced for exodus to US as ‘Trump effect’ hurts the peso image
Source : Guardian [Read Article] Saturday 21st of January 2017 04:00:04 PM
.... The peso swooned from 18 to the dollar to 20 in the election’s immediate aftermath and slid again to 22 in recent days as Trump ratcheted up the pressure. He threw Mexico’s car industry – a sizable employer –into disarray by threatening Ford, Toyota, General Motors and other manufacturers with tariffs unless they shipped jobs to the US. ...
Obama's legacy image
Source : BBC [Read Article] Friday 13th of January 2017 12:03:44 AM
Volkswagen confirms $4.3bn payment over diesel emissions image
Source : Guardian [Read Article] Tuesday 10th of January 2017 11:08:24 PM
.... vehicles as well as facing unresolved lawsuits from US investors and about 20 US states. Volkswagen’s expected guilty plea is in contrast to Justice Department deferred prosecution agreements with Toyota Motor Corp and General Motors Co, which were both accused of misleading regulators or consumers and paid fines of $1. ...
Cash car image
Source : BBC [Read Article] Tuesday 10th of January 2017 12:21:21 AM
....Manufacturers clearly understand that personal car ownership is becoming old hat. General Motors tried to buy Uber rival Lyft this summer, but was rebuffed, despite both companies joining forces to develop driverless taxis. ...
Fiat Chrysler plants in Mexico may close if Trump enacts import tax, CEO says image
....“I don’t know if it’s a new political language, but if it is we’ll adjust to that too,” said Marchionne. On Sunday Mary Barra, CEO of General Motors and a Trump adviser, said GM would not be changing its sourcing decisions because of Trump. ...
Toyota plans to invest $10bn in US image
Source : BBC [Read Article] Sunday 8th of January 2017 10:03:23 PM
....FCA will also move the production of a Ram pickup truck from Mexico to the US. Last week, Mr Trump criticised General Motors for building cars in Mexico for the US market. ...
Global car industry worries about the new warning signs image
Source : Guardian [Read Article] Sunday 8th of January 2017 10:32:43 AM
.... That will shift the balance of power from manufacturers to service providers. ” So BMW has teamed its electric i3 models with the DriveNow car-sharing business and General Motors is partnering with taxi-hailing app Lyft in a driverless trial. ...
Auto industry's Trump fear: 'Everyone dreads being subject of a tweet' image
Source : Guardian [Read Article] Saturday 7th of January 2017 08:00:14 AM
.... Made in the USA,” Donald Trump told the Detroit News last year when the then presidential hopeful was asked to name his favorite car from his 100-plus vehicle fleet that includes a scissor-door Lamborghini Diablo and a 1956 Rolls-Royce Silver Cloud. For General Motors, Chevy’s owner, it was nice PR, the latest in a series of endorsements from the Trumps that reach back like a stretch limo to the Cadillac Trump’s landlord father Fred used to pick up his rent checks. ...
We contribute billions to US economy, Toyota politely tells Trump image
Source : Guardian [Read Article] Friday 6th of January 2017 06:54:40 AM
....6bn plant in San Luis Potos, Mexico, after Trump called on the company to create jobs at home. Trump has repeatedly threatened to impose a 35% tax on small cars made in Mexico and this week criticised General Motors for importing Chevy Cruze vehicles from Mexico. ...
Trump says Toyota will face tariffs on cars made in Mexico image
Source : BBC [Read Article] Thursday 5th of January 2017 08:04:11 PM
....Japan's trade minister Hiroshige Seko, speaking at a regular news conference on Friday, said the new US administration needed to understand that his country's auto industry "has greatly contributed to the US economy". Mr Trump has already targeted American carmakers General Motors and Ford for manufacturing south of the border. ...
Toyota will face 'big border tax' if Mexico plant makes US cars, Trump says image
.... The Corolla is the second bestselling compact car in the US behind fellow Japanese manufacturer Honda’s Civic. Trump’s latest threat follows a similar one against General Motors over its plans to manufacture compact cars south of the border for US export. ...
Mexico and Mr Trump: What will happen to trade ties? image
Source : BBC [Read Article] Wednesday 4th of January 2017 11:59:36 PM
....Mexico is now a centre of manufacturing for overseas companies, such as the motor industry. General Motors and Ford both have factories in Mexico as well as the US. ...
Ford cancels plans for Mexico plant as Donald Trump threatens to tax GM image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 02:49:16 PM
. President-elect Donald Trump threatened to slap a tax on General Motors for importing compact cars to the US from Mexico on Tuesday as rival Ford canceled plans to open a new compact car plant south of the border. ...
Ford Motors cancels $1.6bn Mexico plant image
Source : BBC [Read Article] Tuesday 3rd of January 2017 01:16:26 PM
....Ford boss Mark Fields said the decision was partly due to falling sales of small cars and partly a "vote of confidence" in Donald Trump's policies. The President-elect has criticised both Ford and its rival General Motors over production of models in Mexico. ...
Changing direction image
Source : BBC [Read Article] Thursday 29th of December 2016 11:32:46 PM
....Between the bookends of January and December were major deals that underlined the new adapt-or-die approach sweeping across motor manufacturing. General Motors bought a small three-year-old San Francisco company specialising in autonomous driving technology, Cruise Automation, for more than $1bn. ...
With Trump and Uber, the driverless future could turn into a nightmare | John Harris image
....In an act of gorgeous synchronicity with the Uber experiment, Donald Trump’s media people announced on the same day that Uber’s chief executive, Travis Kalanick – who once joked that he would move to China if Trump won the election – would be joining the president-elect’s so-called strategic and policy committee. Made up of big economic hitters from such distinctly 20th-century corporations as General Motors, Walmart, General Electric and PepsiCo – as well as Elon Musk, the space travel and electric car magnate – its brief is simple enough: as a Trump statement puts it, the people involved will be “called upon to meet with the president frequently to share their specific experience and knowledge as the president implements his plan to bring back jobs and Make America Great Again”. ...
Prince Alwaleed says women driving ban hurts Saudi economy image
Source : BBC [Read Article] Wednesday 30th of November 2016 02:03:53 PM
....KHC claims to be one of the largest foreign investors in the US, with interests in hotels, property and news media. The company has stakes in Disney, 21st Century Fox, News Corp, Apple, General Motors, and Twitter. ...
GM allowed to delay air bag recall image
Source : BBC [Read Article] Tuesday 22nd of November 2016 01:48:57 PM
. General Motors is being allowed to delay the recall of a large number of potentially defective air bags to try to avoid a huge financial loss. ...
Volkswagen to axe 30,000 jobs worldwide image
Source : Guardian [Read Article] Friday 18th of November 2016 11:32:17 AM
....VW employs 600,000 people worldwide, including 120,000 in Germany. This is far more than its rivals Toyota and General Motors, with whom it battles for the position of the biggest carmaker in the world. ...
Tesla shareholders approve $2.6bn SolarCity takeover image
Source : BBC [Read Article] Friday 18th of November 2016 12:27:07 AM
....It is also having to ramp up vehicle production ahead of the launch of its Model 3 sedan next year, which is aimed at the mass market. The firm faces competition from other similarly priced electric cars that will become available first, including General Motors' Chevy Bolt and BYD's Qin EV300. ...

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