Tag: gm

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  • GM Maven

    GM is launching ‘Maven’ car-sharing service

    General Motors on Thursday announced that it is launching a new car-sharing service called Maven in the United States and Germany. The car-sharing service will launch with small fleets in Ann Arbor, Michigan, and in Chicago, New York, Frankfurt and Berlin. The company plans to focus on big cities and college campuses to start. Maven […]

  • General Motors

    GM raises 2016 expectations with higher earnings forecast and a bigger buyback

    General Motors is expecting a big 2016. The company has raised its earnings projection by 25 cents a share, boosted its dividend, and increased its buyback. GM forecast adjusted earnings per share of $5.25 to $5.75 for the year. Anticipating better profits, GM’s board raised the share buyback plan from $5 billion to $9 billion and boosted […]

  • GM Ignition Switch - Punitive Damages

    General Motors May Face Punitive Damages In Ignition Switch Litigation

    General Motors may soon be facing punitive damages in lawsuits it faces over an ignition switch problem that led to the recall of millions of vehicles and the death of some drivers and passengers, a U.S. judge said on Monday. The decision from U.S. Bankruptcy Judge Robert Gerber in Manhattan could increase GM’s financial exposure […]

  • GM Plant

    General Motors Is Cutting 500 Jobs In Detroit Area

    General Motors is cutting 500 workers at a plant near Detroit, Michigan. The factory is responsible for manufacturing “weak-selling small cars,” according to the company. The downsizing arrives one day after GM said it would eliminate 1,200 jobs from its Detroit-Hamtramck plant. According to GM the Lake Orion plant near Detroit will end its production […]

  • UAW Workers

    The UAW Hasn’t Picked A Target As Contracts Set To Expire

    United Auto Workers President Dennis Williams says his union has not yet chosen which automobile manufacturer it will target with only one week left to go for current worker contracts. Williams said Monday he’ll pick between Ford, General Motors and Fiat Chrysler before contracts end on September 14. When the UAW chooses its target, bargaining […]

  • Fiat Chrysler

    Fiat Chrysler CEO Continues To Talk About GM Merger

    Sergio Marchionne, chief executive of Fiat Chrysler Automobiles has continued to talk about his desire to merge the automaker with General Motorols. Marchionne has never been one to shy away from his public belief that consolidation between the two manufacturers could help greatly reduce rising production costs, while offering a more streamlined company. Marchionne went […]

  • corn

    10 Genetically Modified Foods

    Genetically modified organisms have been at the center of a lot of stormy debates for the past few decades. On the one hand, advocates say the genetic modification is one of the best ways to fight world hunger. As the human population is expected to reach seven billion this decade, malnutrition is a growing global […]

  • General Motors (Stock Symbol: GM) Goes Public

    Watch the latest video at video.foxbusiness.com General Motors (GM) started trading at $35 on the New York Stock Exchange this morning, after an initial stock offering of $33 per share. The Wall Street Journal has more on GM’s unique situation: Unlike private company IPOs, where owners are often willing to sell at a deeper discount […]