LORDSTOWN, Ohio (AP) — Members of Ohio's congressional delegation came away with few answers after meeting with the head of General Motors about the future of its shuttered assembly plant near...
ROANOKE, Ind. (AP) — General Motors Co. plans to invest $24 million at its Fort Wayne Assembly plant in northeastern Indiana to boost production of full-size trucks.
The few women who are CEOs of the largest U.S. companies typically make more money than their male counterparts but aren't close to the top of the leaderboard for pay packages.
Here are the 10 highest-paid female CEOs for 2018, as calculated by The Associated Press and Equilar, an executive data firm.
The AP's compensation study covered 340 executives at S&P 500...
GM to reveal next-generation Corvette in July
FRANKFORT, Ky. (AP) — It's just the thing to make the hearts of Corvette fans race: A new rendition of the classic sports car is coming.
And General Motors has a big change in store for the...
Trump calls GM’s CEO in push to reopen Ohio auto plant
WASHINGTON (AP) — President Donald Trump stepped up his pressure on General Motors to reopen an Ohio manufacturing plant that recently closed and put 1,700 people out of work.
WASHINGTON (AP) — The Latest on President Donald Trump's efforts to get General Motors to reopen its Lordstown, Ohio plant (all times local):
General Motors to invest $36M in Lansing-area plant
LANSING, Mich. (AP) — General Motors says it will invest $36 million in its Lansing-area plant to prepare for future production of crossover vehicles.
The Detroit Free Press reports GM CEO Mary Barra announced the investment Monday. The company didn't disclose timing related to the Lansing Delta Township plant's future products.
Ohio governor, GM CEO discuss future of Lordstown plant
COLUMBUS, Ohio (AP) — Ohio Gov. Mike DeWine has urged the head of General Motors to keep the automaker's Lordstown plant open or allow it to be sold quickly.
The new Republican governor met with GM CEO Mary Barra at the Detroit Auto Show on Thursday. A DeWine spokesman says the governor considered the meeting productive.
GM raises 2018 forecast, predicts stronger 2019 earnings
DETROIT (AP) — General Motors strengthened its pretax profit estimate for 2018 and predicted even stronger performance for this year as it executives made a presentation to investors on Friday.
Shares jumped nearly 9 percent in midday trading.
CEO Mary Barra also says the company doesn't foresee any further job cuts through 2020. Last year GM announced plans to close five North American factories and lay off 14,000 salaried and blue-collar workers.
GM’s Barra meets Michigan lawmakers about factory closings
DETROIT (AP) — Members of the Michigan congressional delegation have met with the chief executive of General Motors for the first time since the automaker said it wants to close a Detroit-area factory that makes the Volt.
Mary Barra emerged from the Washington meeting Thursday, saying it was "very productive." She says GM has made "tremendous investment" in the United States and wants to help workers whose jobs are at stake. She didn't offer details.
Officials meet with GM chief over plant closing
WASHINGTON (AP) — Three Ohio congressmen met with the head of General Motors Wednesday in Washington in their bid to keep an assembly plant from closing, urging her to give auto workers a chance at a new line of electric vehicles soon headed into production.
GM announced last week it will stop making the Chevy Cruze at its Lordstown, Ohio, plant by March and is considering closing the plant for good. It's part of a massive restructuring for the Detroit-based automaker.
Ohio senators to meet with GM chief over plant closing
LORDSTOWN, Ohio (AP) — Ohio's two U.S. senators say they'll meet with the head of General Motors this week to discuss what can be done to stop its northeastern Ohio assembly plant from closing.
GM announced last week it will stop making the Chevy Cruze at its Lordstown plant by March and that it's considering closing the plant for good. It's part of a massive restructuring for the automaker.
Angry over cutbacks, Trump threatens to end subsidies to GM
WASHINGTON (AP) — President Donald Trump tested the limits of his presidential authority and political muscle as he threatened Tuesday to cut off all federal subsidies to General Motors because of its planned massive cutbacks in the U.S.
The Latest: Trump warns GM could lose subsidies over layoffs
WASHINGTON (AP) — The Latest on President Donald Trump and General Motors (all times local):
President Donald Trump is saying he's "very disappointed" in General Motors closing plants — and he says the White House is "looking at cutting all subsidies" for the auto giant.
Trump tweeted his warning Tuesday, a day after GM announced it would shutter five plants and slash 14,000 jobs in North America.
GM slashes thousands of jobs in tech shift
DETROIT (AP) — Even though unemployment is low, the economy is growing and U.S. auto sales are near historic highs, General Motors is cutting thousands of jobs in a major restructuring aimed at generating cash to spend on innovation.
The Latest: Trump has harsh remarks for GM over layoffs
DETROIT (AP) — The Latest on General Motors' restructuring plans (all times local):
President Donald Trump says his administration and lawmakers are exerting "a lot of pressure" on General Motors in response to its decision to cut up to 14,000 workers in North America and possibly shutter up to five plants.
Female CEOs remain scarce at the biggest publicly traded companies but those who hold the top job receive pay competitive with male peers.
Women make up only 5 percent of the CEO ranks at S&P 500 companies. Yet median compensation for a female CEO was valued at $13.5 million for the 2017 fiscal year, versus $11.5 million for their male counterparts, according to an analysis by executive data firm Equilar done for The Associated Press.
Female CEOs remain scarce at the biggest publicly traded companies but those who hold the top job receive pay competitive with male peers.
Women make up only 5 percent of the CEO ranks at...
General Motors Co. reported $2.6 billion in pre-tax earnings in the first quarter of 2018, down 26.6 percent from the same quarter in 2017.
Auto workers in South Korea are learning just how serious CEO Mary Barra is about General Motors Co. becoming what she calls the world's most valued automotive company.
After 16 years and billions of dollars in investments, General Motors Co. faces a decision in South Korea: stay or leave.
Congress recognizes outstanding contributions women have made in the United States each year in March in honor of Women's History Month. The impact of women is seen across every sector in the United States, but perhaps more than in any other segment of American life, women have taken outstanding leadership positions in commerce.
General Motors plans to boost Chevy Bolt EV production at Orion Assembly
DETROIT — General Motors will boost production of the Chevrolet Bolt this year at its Orion Assembly plant in Oakland County, Mich.
GM Chairman and CEO Mary Barra, in a speech this past week at the CERAWeek energy conference in Houston, cited surging global demand as driving the decision to boost production of the Bolt, an extended-range plug-in electric vehicle.
Here in the home of the American auto industry, folks claim an innate sense of how the business works:
Gasoline engines power large(r) vehicles produced on traditional assembly lines staffed with real people. Their cars and, increasingly, trucks are driven by other real people — not suites of computers, sensors and cameras programmed to observe traffic laws with annoying precision.
GM to close auto plant in South Korea in restructuring
SEOUL, South Korea (AP) — General Motors said Tuesday it will close an underutilized factory in Gunsan, South Korea, by the end of May as part of a restructuring of its operations.
The move is a setback for the administration of President Moon Jae-in, who has made jobs and wages a priority.
A GM statement said Monday the company has proposed to its labor union and other stakeholders a plan involving further investments in South Korea that would help save jobs.
General Motors Co. reported Tuesday a loss of $3.9 billion in 2017, due largely to charges related to the new tax law and the Opel-Vauxhall sale.
But GM's continuing operations made $300 million last year, still down 96 percent from 2016.
The Detroit automaker's earnings-per-share reached $6.62. GM said last month it expected earnings-per-share of $6.50.
GM’s Loan Business Helping Company’s Bottom Line
The automaker that brought America, and the world, "a car for every purse and purpose" isn't so much in that business anymore.
And that may be the single biggest advantage General Motors Co. has in its journey toward being a much more profitable supplier of contemporary cars, trucks and mobility services: It's willing to make hard choices so it can negotiate, and fund, the uncertain future of electrification and autonomy.
Los Angeles — The annual Motor Trend awards kicked off the Los Angeles Auto Show Monday night and Detroit ruled the red carpet. General Motors CEO Mary Barra took home Person of the Year and Ford's F-150 dominated Truck of the Year.
But the headliner was the Alfa Romeo Giulia's upset win for Car of the Year over the historic Tesla Model 3 electric vehicle and formidable Honda Accord.
Detroit automakers to talk NAFTA with vice president
Washington — Vice President Mike Pence is scheduled to meet in Washington with leaders of the Detroit automakers on Monday amid increasing concerns about the future of the North American Free Trade Agreement.
Pence is meeting with the leadership of General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles at his ceremonial office in the Eisenhower Executive Office Building, according to the White House.
Stand-alone technology like automation, connectivity and electrification won't push the automotive industry forward by themselves. Rather, it's a fusion of the three areas meshing together that will be game-changers, according to a report released Monday by the Center for Automotive Research.
The automotive research firm predicts that people will no longer make a distinction between these three areas of study in just a few decades.
GM says next-gen electric cars will cost less, go farther
DETROIT (AP) — General Motors is telling investors its next generation of electric vehicles will cost the company 30 percent less than current ones, making them profitable after the new version debuts in 2021.
CEO Mary Barra made the forecast at the Barclay's Global Automotive Conference in New York on Wednesday. Despite the announcement, GM shares fell with the broader markets, closing down 14 cents to $42.86.
Here are more details from Barra's presentation to investors:
General Motors Co. is promising a million-unit global fleet of electric vehicles by 2026.
This will be made possible in part by a roughly 30 percent decrease in production costs in a second-generation EV platform, set to roll out in 2021. CEO Mary Barra laid out the plan at the Barclays 2017 Global Automotive Conference in New York on Wednesday.
GM expects the cost of battery cells on its next generation of EVs to dip to $100 per kilowatt-hour from the current cell cost of $145 per kilowatt-hour.
General Motors Co. lost $2.98 billion in the third quarter of 2017, due primarily to a $5.4 billion charge tied to the sale of its Opel/Vauxhall brands in Europe. The company's remaining operations made $115 million, down 96 percent from the same period a year ago.
DETROIT — Bending metal, slapping on chrome and marketing an empowering product and status marker that mesmerized 20th-century America, the automobile industry typified the Old Economy, of which General Motors was emblematic. As was its bankruptcy. Today, GM’s CEO Mary Barra is wagering that the industry soon will be manufacturing New Economy products. They will incorporate technologies that will entice buyers whose sensibilities and expectations have been shaped by the kind of empowerment delivered by their smartphones, which arrived just 10 years ago.
Greenwich, Stamford women among Fortune ‘most powerful’
Greenwich resident and PepsiCo CEO Indra Nooyi was again named the second most powerful woman in business in the 2017 installment of Fortune’s annual list, with Synchrony Financial CEO Margaret Keane the highest ranked woman on leading a Connecticut company, at 25th overall.
DETROIT (AP) — General Motors Co. says it has built 130 self-driving Chevrolet Bolt electric cars at a factory in suburban Detroit, making it among the first automakers to mass produce self-driving vehicles.
DETROIT (AP) — General Motors shareholders have overwhelmingly turned down an activist shareholder's plan to split the company's stock into two classes.
Only about 9 percent of the stockholders voted for the plan from David Einhorn's Greenlight Capital hedge fund in a preliminary vote count. They also re-elected all 11 GM board members, rejecting the three candidates backed by Greenlight.
DETROIT (AP) — When General Motors CEO Mary Barra introduced the Chevrolet Bolt at the CES gadget show last year, she took a shot at Tesla.
Buyers can be confident because Chevy has 3,000 U.S. dealers to service the new electric vehicle, she said. The implication was that Tesla, with just 69 service centers nationwide, can make no such promise.
These are the 10 highest-paid women CEOs for 2016, as calculated by The Associated Press and Equilar, an executive data firm.
Chevrolet to pull out of India, South Africa
DETROIT (AP) — General Motors Co. is pulling its Chevrolet brand out of India, South Africa and East Africa by the end of this year.
The company will retain its assembly plant in India but will only make vehicles for export. It is selling a plant in South Africa to Isuzu Motors.
GM says the changes will save the company $100 million per year. It will take a charge of $500 million in the second quarter to complete the actions
PARIS (AP) — The Latest on General Motors' sale of its European brands to PSA Group (all times local):
General Motors' exit from its money-losing European operations may not be the company's last act.
CEO Mary Barra, on a conference call with U.S. analysts Monday, said GM has work to do on some of its international operations. If it can't fix them, it may take another step like it did in selling Opel and Vauxhall to PSA, she said.
General Motors exudes optimism, raises outlook for 2017
DETROIT (AP) — Optimistic executives at General Motors say strong sales in two core markets, the U.S. and China, along with cost-cutting will power the company to higher profits in 2017.
GM CEO Barra Expects Good Times to Keep Rolling
GM CEO: Won’t change production plans despite Trump tweet
DETROIT (AP) — General Motors has no plans to change where it produces small cars because of criticism from President-elect Donald Trump, the company's top executive said Sunday night.
CEO Mary Barra said the auto business has long lead times for where it produces vehicles, with decisions are made two to four years ahead.
Last week Trump threatened on Twitter to slap a border tax on GM for importing the compact Chevrolet Cruze to the U.S. from Mexico.