PARMA, OH (WOIO) - General Motors will invest $220 million for tooling and equipment to build the next-generation Chevrolet Cruze in two northeast Ohio plants…
Via BBC News US car giant General Motors (GM) has announced plans to reduce its pension obligations by $26bn (£17bn) by offering tens of thousands of retiring workers lump-sum payments. The firm will also contract Prudential Financial to run ongoing pensions. It said it would take a hit of $2.5bn to $3.5bn in its accounts […]
General Motors has recalled 1.3 million Chevrolet and Pontiac models in North America for power steering failures that are tied to 14 crashes and one injury in the United States, the company said Tuesday. The recall affects 2005-2010 Chevrolet Cobalt and 2007-2010 Pontiac G5 models sold in the United States, 2005-2006 Pontiac Pursuit vehicles sold […]
General Motors Chairman and CEO Ed Whitacre promised Monday that taxpayers will make a profit on the $50 billion that Treasury has sunk into the company over the past 13 months. "I think the government's investment is well placed and I think they'll make a lot of money," Whitacre told reporters after an event at the annual auto show here Monday morning. "It won't be too long."
CLEVELAND, Ohio — In a last-ditch effort to clear out inventories of soon-to-close brands, General Motors is offering about $7,000 in discounts on the few remaining Pontiac and Saturn vehicles in stock nationwide.
