General Motors Co http://www.globalpost.com/taxonomy/term/23180/all en CORRECTED-UPDATE 3-US auto sales close out 2012 on positive note http://www.globalpost.com/dispatch/news/thomson-reuters/130103/corrected-update-3-us-auto-sales-close-out-2012-positive-note <p>(Removes reference to 2012 in paragraph 5, to make clear that entire paragraph refers to 2013 industry projections) * Industry on pace to turn in best year since 2007 * Toyota, Honda gained market share in 2012 * Toyota's U.S. December sales up 9 pct, GM up 5 pct * Economic uncertainty in 2013 may dampen sales By Bernie Woodall and Ben Klayman DETROIT, Jan 3 (Reuters) - U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/corrected-update-3-us-auto-sales-close-out-2012-positive-note" target="_blank">read more</a></p> Automotive industry Bankruptcy Business Car classifications Chrysler Group LLC Company Affiliates Company Competitor Conference Call Ford Motor Co Ford Motor Company General Motors General Motors Co GM Honda Honda Motor Co Ltd. Hyundai Motor Company Late-2000s financial crisis Natural Disaster Nissan Motors Person Career Person Location Pickup truck Quotation Toyota Toyota Motor Corp Transport United States Volkswagen Thomson Reuters Fri, 04 Jan 2013 04:15:30 +0000 5731097 at http://www.globalpost.com GM's new Chevrolet Cruze hitches ride on diesel wave http://www.globalpost.com/dispatch/news/thomson-reuters/130207/gms-new-chevrolet-cruze-hitches-ride-diesel-wave <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* GM's first diesel car for U.S. market since 1986</p> <p>* GM says diesel Cruze bests Volkswagen Jetta TDI</p> <p>* Diesel could make up 7.7 pct of US market by 2018 -analysts</p> <p>By Deepa Seetharaman</p> <p>CHICAGO, Feb 7 (Reuters) - General Motors Co will offer a diesel version of its Chevrolet Cruze compact car in North America, marking the largest U.S. automaker's first attempt in nearly three decades to tackle a growing market now dominated by German automakers.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130207/gms-new-chevrolet-cruze-hitches-ride-diesel-wave" target="_blank">read more</a></p> Business Compact cars General Motors Co GM Private transport Transport Thomson Reuters Thu, 07 Feb 2013 19:30:12 +0000 5749290 at http://www.globalpost.com UPDATE 1-GM profit misses estimates; losses in Europe deepen http://www.globalpost.com/dispatch/news/thomson-reuters/130214/update-2-gm-profit-misses-estimates-losses-europe-deepen <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Profit before items 48 cents vs Street view 51 cents</p> <p>* GM writes down Peugeot investment by $220 mln</p> <p>* CFO says "not betting on" pickup in Europe this year</p> <p>By Ben Klayman and Deepa Seetharaman</p> <p>DETROIT, Feb 14 (Reuters) - General Motors Co reported a weaker-than-expected fourth-quarter profit on Thursday, citing wider losses in Europe and lower vehicle prices in its core North American market.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130214/update-2-gm-profit-misses-estimates-losses-europe-deepen" target="_blank">read more</a></p> General Motors General Motors Co GM GM Europe Late-2000s financial crisis Transport USD Thomson Reuters Thu, 14 Feb 2013 15:45:24 +0000 5755444 at http://www.globalpost.com GM recalls about 33,700 vehicles to fix software issue http://www.globalpost.com/dispatch/news/thomson-reuters/130320/gm-recalls-about-33700-vehicles-fix-software-issue <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>DETROIT (Reuters) - General Motors Co &lt;GM.N&gt; is recalling about 33,700 model-year 2013 Buick LaCrosse sedans and Cadillac SRX crossover vehicles globally to address a potential software problem that could increase the risk of a crash.</p> <p>GM said the problem may cause the transmission to unexpectedly slip from manual to automatic mode. The U.S. automaker said there are no reports of crashes or injuries related to the issue.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130320/gm-recalls-about-33700-vehicles-fix-software-issue" target="_blank">read more</a></p> General Motors Co Private transport Sedans Transport Thomson Reuters Wed, 20 Mar 2013 12:31:19 +0000 5788674 at http://www.globalpost.com GM lays foundation for 10 percent margins by mid-decade - executive http://www.globalpost.com/dispatch/news/thomson-reuters/130327/gm-lays-foundation-10-percent-margins-mid-decade-executive <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Deepa Seetharaman</p> <p>DETROIT (Reuters) - General Motors Co &lt;GM.N&gt; is laying the groundwork to achieve 10 percent profit margins by mid-decade by launching new models and taking better advantage of its global scale, North American Chief Financial Officer Chuck Stevens said.</p> <p>The largest U.S. automaker needs an additional $2.5 billion (1.6 billion pounds) to $3 billion in earnings against its current revenue base to reach its goal. From 2010 to 2012, the company's margins averaged 7.4 percent.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130327/gm-lays-foundation-10-percent-margins-mid-decade-executive" target="_blank">read more</a></p> General Motors General Motors Co Labor Transport Thomson Reuters Wed, 27 Mar 2013 18:30:21 +0000 5795584 at http://www.globalpost.com GM Korea-March sales http://www.globalpost.com/dispatch/news/yonhap-news-agency/130401/gm-korea-march-sales <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, April 1 (Yonhap) -- GM Korea Co., the local unit of U.S. automaker General Motors Co., said Monday that its March sales increased 1.8 percent from a year earlier due to robust sales at home and abroad.</p> <p>GM Korea sold 78,203 vehicles in March, compared with 76,823 units sold a year earlier, the company said in a statement. The figure represents a 33.5 percent jump from February.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p><span>Copyright Yonhap News Agency, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130401/gm-korea-march-sales" target="_blank">read more</a></p> Chevrolet General Motors Co GM Korea GM Korea Co. Transport Yonhap News Agency Mon, 01 Apr 2013 06:30:19 +0000 5798422 at http://www.globalpost.com GM tries to trump Ford with fuel-efficient pickup trucks http://www.globalpost.com/dispatch/news/thomson-reuters/130401/gm-tries-trump-ford-fuel-efficient-pickup-trucks <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Deepa Seetharaman</p> <p>DETROIT (Reuters) - General Motors Co &lt;GM.N&gt; on Monday touted the superior fuel economy of its redesigned full-size pickups, shifting the front of its long-running battle with Ford Motor Co &lt;F.N&gt; in a segment where profits can exceed $12,000 (7,880 pounds) per vehicle.</p> <p>GM said the eight-cylinder engine on its new 2014 Chevrolet Silverado and GMC Sierra trucks offers a one-mile per-gallon (MPG) advantage to the Ford F-150 six-cylinder, turbocharged engine.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130401/gm-tries-trump-ford-fuel-efficient-pickup-trucks" target="_blank">read more</a></p> Business General Motors Co Land transport Private transport Transport Thomson Reuters Mon, 01 Apr 2013 22:45:04 +0000 5798865 at http://www.globalpost.com GM's US sales up 11 pct in April on demand for pickups, Cadillac http://www.globalpost.com/dispatch/news/the-canadian-press/130501/gms-us-sales-11-pct-april-demand-pickups-cadillac <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>DETROIT - General Motors Co.'s U.S. sales rose 11 per cent in April on continuing demand for pickups as well as small cars.</p> <p>Sales of the Chevrolet Silverado full-size pickup rose 28 per cent to more than 39,000. Truck sales have been strong all year on rising demand from home builders and other businesses.</p> <p>GM also saw double-digit increases for its small cars, including the Buick Verano and Chevrolet Cruze and Chevrolet Sonic.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130501/gms-us-sales-11-pct-april-demand-pickups-cadillac" target="_blank">read more</a></p> General Motors General Motors Co Private transport Transport The Canadian Press Wed, 01 May 2013 14:45:56 +0000 5829251 at http://www.globalpost.com GM recalls 38,197 cars for battery control defect that could cause stalling, fire http://www.globalpost.com/dispatch/news/the-canadian-press/130506/gm-recalls-38197-cars-battery-control-defect-could-cause-sta <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>DETROIT - General Motors Co. is recalling 38,197 Chevrolet Malibu Eco, Buick LaCrosse and Buick Regal sedans in the U.S. because a defective battery control module could stall the engine or cause a fire.</p> <p>Vehicles from the 2012 and 2013 model years equipped with GM's eAssist hybrid system are affected. Vehicles built after December 2012 are not part of the recall.</p> <p>GM says some vehicles may have a malfunctioning generator control module that causes a gradual loss of battery power and stalls the engine. If the module overheats, it could cause smoke or fire in the trunk.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130506/gm-recalls-38197-cars-battery-control-defect-could-cause-sta" target="_blank">read more</a></p> General Motors Co Private transport Sedans Transport The Canadian Press Mon, 06 May 2013 20:45:03 +0000 5832076 at http://www.globalpost.com Treasury says to begin selling remaining GM stake http://www.globalpost.com/dispatch/news/thomson-reuters/130507/treasury-begin-selling-remaining-2417-million-shares-gm <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON (Reuters) - The Treasury Department said on Monday it will begin another round of sales of the General Motors Co &lt;GM.N&gt; stock it acquired during the government's bailout of the U.S. auto sector.</p> <p>The move follows a registration statement by GM last month making it easier for the Treasury to sell its remaining 241.7 million shares, or nearly 18 percent, of common stock of the No. 1 U.S. automaker.</p> <p>It also will bring GM a step closer to eliminating the stigma of government ownership.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130507/treasury-begin-selling-remaining-2417-million-shares-gm" target="_blank">read more</a></p> Economy of the United States Finance Financial data vendors General Motors General Motors Co Late-2000s financial crisis Transport Troubled Asset Relief Program Thomson Reuters Tue, 07 May 2013 17:00:36 +0000 5832958 at http://www.globalpost.com GM profit tops view as North America strong, Europe improves http://www.globalpost.com/dispatch/news/thomson-reuters/130507/gm-profit-tops-view-north-america-strong-europe-improves <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Ben Klayman and Deepa Seetharaman</p> <p>DETROIT (Reuters) - General Motors Co &lt;GM.N&gt; posted stronger-than-expected quarterly profit on Thursday as the U.S. automaker kept a tight grip on costs in its North American and European businesses.</p> <p>GM shares rose 3.6 percent to $31.27, near their initial public offering debut of $33 in the fall of 2010, and hit the highest point since July of 2011.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130507/gm-profit-tops-view-north-america-strong-europe-improves" target="_blank">read more</a></p> Business Ford Motor Company General Motors General Motors Co Transport USD Thomson Reuters Tue, 07 May 2013 17:40:37 +0000 5833083 at http://www.globalpost.com GM's connected car: Brought to you by Allstate? http://www.globalpost.com/dispatch/news/thomson-reuters/130507/gms-connected-car-brought-you-allstate <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Deepa Seetharaman</p> <p>DETROIT (Reuters) - Dan Akerson is pushing General Motors Co &lt;GM.N&gt; to build cars that the U.S. automaker's top executive hopes will attract a target demographic: his grandkids.</p> <p>"I have grandchildren that have only grown up in a world with smartphones," Akerson, a former telecommunications executive, said on a conference call on Thursday to discuss GM's quarterly results.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130507/gms-connected-car-brought-you-allstate" target="_blank">read more</a></p> General Motors Co OnStar Private transport Technology Transport Thomson Reuters Tue, 07 May 2013 17:46:41 +0000 5833097 at http://www.globalpost.com GM to open Cadillac plant in China in bid to boost brand's sales http://www.globalpost.com/dispatch/news/the-canadian-press/130507/gm-open-cadillac-plant-china-bid-boost-brands-sales <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>DETROIT - General Motors Co. confirms that it's building a new Cadillac factory in China.</p> <p>GM will start building the $1.3 billion plant next month in Shanghai's Jinqiao zone. It will produce 150,000 vehicles per year.</p> <p>The auto maker recently received regulatory approval for the new plant.</p> <p>GM currently makes just one Cadillac — the XTS sedan — in China. Production began in February at a plant in Shanghai.</p> <p>The company won't say which models will be made at the new plant, but has said it plans to introduce one locally made Cadillac each year through 2016.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130507/gm-open-cadillac-plant-china-bid-boost-brands-sales" target="_blank">read more</a></p> China General Motors Co Private transport Sedans Transport The Canadian Press Tue, 07 May 2013 23:24:57 +0000 5833219 at http://www.globalpost.com GM says China approves $1.3 billion Cadillac factory planned as part of luxury push http://www.globalpost.com/dispatch/news/the-canadian-press/130508/gm-says-china-approves-13-billion-cadillac-factory-planned-p <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>BEIJING, China - General Motors Co. said Wednesday its main Chinese joint venture has received government approval to build a Cadillac factory as part of GM's efforts to expand its share of China's luxury auto market.</p> <p>Plans call for the 8 billion yuan ($1.3 billion) factory in Shanghai to begin production in 2015 with an annual capacity of 150,000 vehicles, according to GM spokeswoman Dayna Hart.</p> <p>GM sells imported Cadillacs in China but the luxury market is dominated by Germany's Mercedes Benz, BMW and Audi.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130508/gm-says-china-approves-13-billion-cadillac-factory-planned-p" target="_blank">read more</a></p> Business General Motors General Motors Co Private transport Transport The Canadian Press Wed, 08 May 2013 15:56:46 +0000 5833422 at http://www.globalpost.com Government says 58.4 million shares of General Motors stock sold so far this year http://www.globalpost.com/dispatch/news/the-canadian-press/130510/government-says-584-million-shares-general-motors-stock-sold <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>WASHINGTON - The government says it has sold another piece of its stake in General Motors Co.</p> <p>The Treasury Department said in its April report to Congress that so far this year it has sold 58.4 million shares of GM stock and earned net proceeds of $1.6 billion.</p> <p>At the end of April, Treasury had recovered about $30.7 billion of the $49.5 billion bailout it gave the Detroit automaker. That means that taxpayers are still $18.8 billion in the hole.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130510/government-says-584-million-shares-general-motors-stock-sold" target="_blank">read more</a></p> Business Economy of the United States General Motors General Motors Co Late-2000s financial crisis Transport USD The Canadian Press Sat, 11 May 2013 01:00:20 +0000 5835418 at http://www.globalpost.com