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General Motors Co
GM to cut spending on self-driving unit Cruise after accident
...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....
November 28, 2023
Live news: Ukraine pressures draft-age men abroad to join war effort
General Motors upgrades guidance after quarterly revenue beat
...General Motors shares were up 4.4 per cent in pre-market trading in New York....
April 23, 2024
FT Live
Inside Politics: who will win the UK general election?
Exclusively for FT subscribers
Wednesday, 8 MayDigital Conference
FT and Schroders Business Book of the Year 2024
Business Book of the Year Award 2024: winners pick their favourites
...Update: My book looked at what happened after General Motors closed its assembly plant in Janesville, Wisconsin, during the Great Recession....
April 22, 2024
LexNissan Motor Co Ltd
This Nissan-Honda team will struggle to match EV rivals Premium content
...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....
March 18, 2024
News updates from November 30: US diplomat Henry Kissinger dies aged 100, US says Indian official directed foiled plot to kill Sikh separatist in New York
General Motors hikes dividend by 33% and announces $10bn share buyback
...General Motors reinstated its 2023 financial guidance and announced a 33 per cent dividend increase and a $10bn share buyback, as it expects strong profits despite higher labour costs....
November 29, 2023
News updates from November 20: OpenAI staff threaten to quit unless directors resign, Argentine stocks rally over election of Milei
Auto union members ratify contracts at Ford, General Motors and Stellantis
...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...
November 20, 2023
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Inside BusinessKana Inagaki
Oil and water: why Nissan and Honda are setting aside their rivalry
...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...
April 9, 2024
General Motors Co
General Motors stock soars on $10bn share buyback and dividend boost
...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...
November 29, 2023
Electric vehicles
Honda and Nissan to join forces to survive EV race
...Honda already has an alliance with General Motors to use its battery technology, though it did not specify whether this partnership would be affected....
March 15, 2024
LexDriverless vehicles
Driverless cars/Cruise: robotaxi rollout is stop, start, stop Premium content
...Collectively, companies including Tesla, Alphabet, General Motors, Uber, Baidu and Ford have invested billions of dollars in the technology. Safety records are impressive....
November 16, 2023
Live news: Ukraine pressures draft-age men abroad to join war effort
What to watch in North America today
...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...
April 23, 2024
News updates from October 10: Birkenstock prices IPO at $46 a share, Investors cut bets on US rate rises
General Motors reaches deal with Canadian union after strike
...General Motor’s workers who walked out of Canadian plants at midnight have reached a tentative agreement with the company, ending a strike that lasted just over 12 hours....
October 10, 2023
News updates from October 11: Fed minutes show ‘two-sided’ risks, ExxonMobil agrees to $60bn deal Pioneer deal
General Motors reaches deal with Canadian union after strike
...General Motors workers who walked out of Canadian plants at midnight have reached a tentative agreement with the company, ending a strike that lasted just over 12 hours....
October 10, 2023
News in-depthAutomobiles
How VW and Toyota became the targets of an emboldened US union
...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...
April 4, 2024
FirstFT
FirstFT: US Senate passes $95bn bill including Ukraine security aid
...Companies: Abrdn, Boeing, CME Group, Eni, Ford Motor, General Dynamics, Heathrow, Heineken, Lloyds Banking Group, Meta and Reckitt Benckiser report. See the Week Ahead newsletter for the full list....
April 24, 2024
FT Live
Business Book of the Year Award 2024
The search for the best business book is under way
Monday, 9 December1 Grosvenor Pl, London SW1X 7HJ, UK
The Week Ahead
Opening arguments begin in Trump trial
...In a separate hearing, concerning the Trump Organization civil fraud case, the New York attorney-general’s office is expected to argue that the $175mn bond the company secured to avoid paying millions to...
April 21, 2024
Cruise LLC
GM’s driverless car unit Cruise probed over dragging incident
...General Motors’ Cruise faces probes by numerous federal and state authorities, including the Department of Justice and Securities and Exchange Commission, after an accident that led to the shutdown of driverless...
January 25, 2024
Cruise LLC
Self-driving car venture Cruise chief resigns after uproar over accident
...The co-founder and chief executive of General Motors-owned Cruise has resigned, weeks after the self-driving car company paused driverless operations and California regulators barred its vehicles from the...
November 20, 2023
VinFast LLC
How a Vietnamese tycoon built a carmaker worth more than General Motors
...Despite selling just 24,000 cars last year, Vietnam’s VinFast this month soared into the ranks of the world’s most valuable automakers — far surpassing rivals such as Volkswagen, Ford and General Motors,...
August 31, 2023
UK insurance industry
Admiral signals end of car insurance price surge
...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....
March 7, 2024
News updates from March 28: Sam Bankman-Fried sentenced to 25 years; US GDP growth in Q4 revised higher
Discover CEO leaves to lead Ally Financial as Capital One merger looms
...Ally, which got its start as the financing arm of carmaker General Motors, has been without a permanent chief executive since late last year, when Jeffrey Brown announced he was leaving the lender to become...
March 27, 2024
News updates from March 27: Yen hits 34-year low; Nobel winner Daniel Kahneman dies
Discover CEO leaves to lead Ally Financial as Capital One merger looms
...Ally, which got its start as the financing arm of carmaker General Motors, has been without a permanent CEO since late last year, when Jeffrey Brown announced he was leaving the lender to become the head...
March 27, 2024
UK financial regulation
FCA launches probe into historic commission agreements by motor finance groups
...The Financial Conduct Authority said on Thursday it would investigate interest-linked deals offered by motor finance companies following a surge in customer claims, which could lead to redress that compliance...
January 11, 2024
Electric vehicles
Americans opt to lease electric cars to tap Biden tax credits
...“The percentage of EVs that we’re leasing has gone up dramatically,” said Bill Stephens, general manager of Norm Reeves Hyundai Superstore in California....
December 16, 2023
LexApple Inc
Apple is not the only company backing away from driverless cars Premium content
...Cruise, the self-driving car subsidiary of General Motors, targeted annual revenues of $1bn by 2025. Last year, the business reported sales of just $102mn amid a $3.4bn loss....
March 7, 2024

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