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General Motors News

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While in India, Hyundai is the second best-selling car brand, apart from being the biggest exporter of vehicles, globally, it's now the third largest carmaker.
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The Beast was taken into the Presidential Secret Service fleet in 2018 after spending a great time in R&D, the Beast is based on Cadilac. A military-grade armour which is five inches thick makes up for the outer sheet of the Beast. The vehicle is built like a tank and can survive any attack thrown at it.
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One of the two assembly lines at GM Korea's Bupyeong complex, west of Seoul, which can make over 400,000 vehicles annually, will be closed next Monday and Tuesday due to shortages of parts from China, said a company representative.
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GM went further than competitors, discontinuing four-cylinder versions for many models in the world`s largest auto market.
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GM has long been criticized by President Donald Trump for moving production to Mexico as well as closing assembly plants in Ohio and Michigan, which could be key states in the elections in 2020.
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The automaker said it will close two assembly plants in the US and one in Canada, along with two others in as-yet-unidentified countries.
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Cost pressures on GM and other automakers and suppliers have increased as demand has waned for traditional sedans.
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The US automaker announced last month that it would shut down a factory in Gunsan, southwest of Seoul.
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The company aims to cut the cost of its lithium-ion batteries to less than $100 per kilowatt-hour from $145 per kilowatt-hour by 2021, which would bring the overall cost of electric vehicles much closer to comparable gasoline-engine models.
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Eight of the 11 major S&P indexes were higher, led by technology and consumer discretionary sectors.
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The second-generation Nissan Leaf has a potential range of 400 kilometres (250 miles) between charges, compared with 250 kilometres for its previous version.
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Dealers of General Motors, which has decided to stop selling vehicles in India by year-end, are gearing up to drag the auto major to court while also exploring possibility of a class action suit in the US, over "measly" compensation.
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About 90 employees will leave the company by the end of June and 40 by the end of 2017.
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GM has been in talks with China's SAIC Motor Corporation to sell the plant.
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Beijing has the most aggressive electric car goals and is pressing global automakers to help develop the industry.
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PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), creating a new regional car giant to challenge market leader Volkswagen.
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PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), creating a new regional car giant to challenge market leader Volkswagen.
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Toyota has relinquished the title of the world's biggest automaker, reporting on Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen's 10.31 million.
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Struggling to make a turnaround in India, General Motors has put on hold its investments on new models for the country as the US auto major undertakes a full review of its future product portfolio here.
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General Motors Co will announce as early as Tuesday long-held plans to invest about $1 billion in its U.S. factories, following recent criticism of the company by President-elect Donald Trump, a person briefed on the matter told Reuters late on Monday.






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