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US carmaker writes to group’s owner seeking full transparency regarding allegations of personal misconduct
...General Motors is to scale back ambitions for its self-driving unit Cruise following a pedestrian injury last month, which led it to suspend testing....
...General Motors shares were up 4.4 per cent in pre-market trading in New York....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...It also has an alliance with General Motors in fuel-cell vehicles and self-driving technology, but the two carmakers last year scrapped plans to jointly develop affordable EVs owing to differences over cost...
...Honda already has an alliance with General Motors to use its battery technology, though it did not specify whether this partnership would be affected....
...Private health sales rose 41 per cent in 2023, as Aviva continued to benefit from strains on public healthcare, while premiums from general insurance such as car insurance also grew....
...General Motors has reached a tentative deal with the United Auto Workers union to end a six-week strike that also hit Ford and Stellantis, in what was the first co-ordinated walkout by workers at the three...
...General Motors has announced plans to return “significant capital” to shareholders as the US carmaker seeks to move past difficulties with its ambitions for electric vehicles and driverless cars and from...
...The UAW, established in the 1930s, last year won record pay increases for 146,000 members whom the union represents at Ford, General Motors and Stellantis after it launched six weeks of strikes against the...
...General Motors also announced it would buy back $10bn of shares and increase its quarterly dividend by 3 cents per share to 12 cents....
Japanese carmaker has fallen behind in electric vehicle race and lacks scale needed to compete globally
...Nearly two-thirds of the voting members of the United Auto Workers union voted to ratify their contracts with Ford, General Motors and Stellantis after their historic strike against the three Detroit automakers...
...Unionised workers at General Motors ratified a tentative contract that gives them a 25 per cent raise over the next four years, while restoring cost-of-living adjustments and granting retirees a one-time...
...“The percentage of EVs that we’re leasing has gone up dramatically,” said Bill Stephens, general manager of Norm Reeves Hyundai Superstore in California....
...The company disclosed it had sold off its remaining position in carmaker General Motors during the three months to the end of September, an investment that was worth roughly $850mn in the previous quarter...
...The lost earnings at the vehicle maker eclipse the damage at Detroit rival General Motors, which said on Tuesday the strike had cost it $800mn in earnings before interest and taxes....
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...Separately, the United Auto Workers is on strike against Ford, General Motors and Stellantis in the US....
...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
...Collectively, companies including Tesla, Alphabet, General Motors, Uber, Baidu and Ford have invested billions of dollars in the technology. Safety records are impressive....
...Other companies: PepsiCo, Freeport McMoran, Halliburton, GE Aerospace, RTX, Lockheed Martin, NextEra Energy, UPS, Philip Morris, Spotify, General Motors and Kimberly-Clark are reporting earnings before the...
...For example, US carmaker General Motors has committed to selling only electric vehicles by 2035, presenting its legal team with many challenges....
...Members of the United Auto Workers began picketing at midnight at three locations — a General Motors plant in Missouri, a Stellantis plant in Ohio and a Ford plant in Michigan — at the start of a strike...
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