GM http://www.globalpost.com/taxonomy/term/23183/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's US sales rise 6 pct in June on strong demand for pickups, Cadillacs http://www.globalpost.com/dispatch/news/the-canadian-press/130702/gms-us-sales-rise-6-pct-june-strong-demand-pickups-cadillacs <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 - GM says U.S. sales rose 6 per cent in June on continuing strong demand for large pickups.</p> <p>General Motors Co. said sales of the Chevrolet Silverado and GMC Sierra increased 29 per cent and 33 per cent, respectively, over last June. GM's newly updated pickup trucks began arriving at dealerships last month and are selling quickly, averaging just 10 days on dealers' lots, the company said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130702/gms-us-sales-rise-6-pct-june-strong-demand-pickups-cadillacs" target="_blank">read more</a></p> Compact cars General Motors Co GM Sedans Transport The Canadian Press Tue, 02 Jul 2013 16:01:48 +0000 5873606 at http://www.globalpost.com Hollande says France to keep ban on growing Monsanto GM corn to continue http://www.globalpost.com/dispatch/news/afp/130802/hollande-says-france-keep-ban-growing-monsanto-gm-corn-continue <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>French President Francois Hollande said Friday that a ban on growing GM corn sold by US giant Monsanto would remain in place, despite a court ruling reversing the suspension.</p> <p>"The moratorium will be extended," he said on a visit to the southwestern department of Dordogne.</p> <p>France's Council of State court ruled Thursday that the French moratorium imposed on growing MON810 corn since March 2012 failed to uphold European Union law.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130802/hollande-says-france-keep-ban-growing-monsanto-gm-corn-continue" target="_blank">read more</a></p> Food and drink Genetic engineering GM Maize Technology AFP Fri, 02 Aug 2013 16:35:40 +0000 5901174 at http://www.globalpost.com Moody's lifts GM to investment grade ahead of buyback http://www.globalpost.com/dispatch/news/afp/130923/moodys-lifts-gm-investment-grade-ahead-buyback <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Moody's upgraded General Motors debt to investment quality Monday as the biggest US automaker said it would buy back $3.2 billion in shares owned by the UAW union's trust.</p> <p>GM said it had reached an agreement to repurchase 120 million shares of preferred stock from the UAW Retiree Medical Benefits Trust (UAW VEBA) at $27 per share.</p> <p>To help fund the buyback, GM said it was issuing five-, ten- and 30-year senior unsecured notes. The buyback agreement depends upon the closing of the offering by September 30.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130923/moodys-lifts-gm-investment-grade-ahead-buyback" target="_blank">read more</a></p> Business Financial economics General Motors GM Stock market AFP Mon, 23 Sep 2013 16:33:16 +0000 5942185 at http://www.globalpost.com Local union opposes GM's decision to stop selling Chevrolet vehicles in Europe http://www.globalpost.com/dispatch/news/yonhap-news-agency/131210/local-union-opposes-gms-decision-stop-selling-chevrolet-vehi <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>INCHEON, Dec. 10 (Yonhap) - A decision by GM's top management to stop selling its Chevrolet-badged vehicles in Europe by the end of 2015 has angered the carmaker's local union, which fears downsizing of operations in the country.</p> <p>The GM Korea branch of the Korean Metal Workers' Union (KMWU) issued a statement Tuesday claiming the company held a board of directors meeting last week and unilaterally informed workers of its decision without prior consultation.</p> <p>"This can only be seen as a move to deceive the 15,000 unionized workers in the country," the union said.</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>Copyright Yonhap News Agency, 2013. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/131210/local-union-opposes-gms-decision-stop-selling-chevrolet-vehi" target="_blank">read more</a></p> Business Chevrolet GM GM Korea Labor Law Technology Transport Yonhap News Agency Tue, 10 Dec 2013 07:34:03 +0000 6015331 at http://www.globalpost.com France moves to ban GM maize planting in short, long term http://www.globalpost.com/dispatch/news/thomson-reuters/140217/france-moves-ban-gm-maize-planting-short-and-long-term <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>PARIS (Reuters) - France published a decree on Monday to prevent the planting of genetically modified maize as a stopgap measure, while the government works on changes to domestic and European laws to ensure a longer-term ban.</p> <p>The French government, which maintains that GM crops present environmental risks, has been trying to institute a new ban on GM maize (corn) after a senior court twice struck down similar measures.</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, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140217/france-moves-ban-gm-maize-planting-short-and-long-term" target="_blank">read more</a></p> Agriculture Biology Food and drink GM Social Issues Thomson Reuters Mon, 17 Feb 2014 17:49:14 +0000 6073075 at http://www.globalpost.com GM customers ask U.S. judge to ramp up ignition recall efforts http://www.globalpost.com/dispatch/news/thomson-reuters/140325/gm-customers-ask-us-judge-ramp-ignition-recall-efforts <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 Jessica Dye</p> <p>NEW YORK (Reuters) - Two General Motors Co &lt;GM.N&gt; customers asked a federal judge in Texas on Monday to compel the automaker to warn owners to stop driving immediately the 1.6 million vehicles recalled since February over ignition switch problems.</p> <p>Charles and Grace Silvas, who own a 2006 Chevy Cobalt, are suing GM for allegedly concealing the ignition defect for more than a decade, which they said caused recalled vehicles to lose value.</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, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140325/gm-customers-ask-us-judge-ramp-ignition-recall-efforts" target="_blank">read more</a></p> GM Private transport Sedans Technology Transport Thomson Reuters Tue, 25 Mar 2014 10:57:22 +0000 6103967 at http://www.globalpost.com GM recall process will be under congressional microscope http://www.globalpost.com/dispatch/news/thomson-reuters/140329/gm-recall-process-will-be-under-congressional-microscope <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 Richard Cowan</p> <p>DETROIT/WASHINGTON (Reuters) - When General Motors Co Chief Executive Mary Barra faces Congress next week she will have to explain how the top brass at the biggest U.S. automaker can say they knew nothing for more than a decade about a faulty ignition switch linked to crashes and at least 12 deaths.</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, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140329/gm-recall-process-will-be-under-congressional-microscope" target="_blank">read more</a></p> Business General Motors GM Labor Law Private transport Technology Transport Thomson Reuters Sat, 29 Mar 2014 19:51:31 +0000 6108599 at http://www.globalpost.com France definitively bans GM corn http://www.globalpost.com/dispatch/news/afp/140505/france-definitively-bans-gm-corn <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>France definitively banned the growing of genetically modified corn on Monday after its highest court and Senate both confirmed an existing ban. </p> <p>A grouping of leftist senators including members of the ruling Socialists, Greens and Communists approved a law banning MON810, a type of GM corn produced by US firm Monsanto, that had already been passed by the lower house of parliament, overcoming opposition from right-wing members. </p> <p>At the same time, the Council of State rejected a request from corn producers to overturn the ban on MON810. </p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140505/france-definitively-bans-gm-corn" target="_blank">read more</a></p> Agriculture Food and drink Genetic engineering GM Social Issues AFP Mon, 05 May 2014 18:34:15 +0000 6139277 at http://www.globalpost.com How GM employees didn't view 'switch from hell' as a safety issue despite decade of clues http://www.globalpost.com/dispatch/news/the-canadian-press/140606/how-gm-employees-didnt-view-switch-hell-safety-issue-despite <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 - Inside General Motors, they called it "the switch from hell."</p> <p>The ignition switch on the steering column of the Chevrolet Cobalt and other small cars was so poorly designed that it easily slipped out of the run position, causing engines to stall. Engineers knew it; as early as 2004, a Cobalt stalled on a GM test track when the driver's knee grazed the key fob. By GM's admission, the defective switches caused over 50 crashes and at least 13 deaths.</p> <p>Yet inside the auto giant, no one saw it as a safety problem. For 11 years.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140606/how-gm-employees-didnt-view-switch-hell-safety-issue-despite" target="_blank">read more</a></p> Business GM Labor Law Private transport Sedans Transport The Canadian Press Fri, 06 Jun 2014 11:03:03 +0000 6168582 at http://www.globalpost.com GM recalls 89,000 autos due to flaws that could stop air bag from deploying, other problems http://www.globalpost.com/dispatch/news/the-canadian-press/140606/gm-recalls-89000-autos-due-flaws-could-stop-air-bag-deployin <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>NEW YORK, N.Y. - General Motors is recalling more than 89,000 autos because of air bag defects and other problems.</p> <p>The automaker said Friday that it is recalling 31,520 model year 2012 Buick Verano and Chevrolet Camaro, Cruze and Sonic compact cars because the air bags might not deploy. GM said at least one person was hurt in a related crash.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140606/gm-recalls-89000-autos-due-flaws-could-stop-air-bag-deployin" target="_blank">read more</a></p> General Motors Co GM Private transport SUVs Transport The Canadian Press Fri, 06 Jun 2014 21:20:16 +0000 6169160 at http://www.globalpost.com EU ministers back deal with option to ban or approve GM crops http://www.globalpost.com/dispatch/news/thomson-reuters/140612/eu-ministers-back-deal-option-ban-or-approve-gm-crops <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 Barbara Lewis</p> <p>LUXEMBOURG (Reuters) - A compromise deal to give European Union states the option of banning genetically modified crops won approval from EU environment ministers on Thursday, bringing the EU closer to ending years of deadlock over GM cultivation.</p> <p>Widely grown in the Americas and Asia, GM crops in Europe have divided opinion, with strong opposition in many countries, including France and Germany, while Britain favors them.</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, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140612/eu-ministers-back-deal-option-ban-or-approve-gm-crops" target="_blank">read more</a></p> Biology Environmental issues Genetic engineering GM Thomson Reuters Thu, 12 Jun 2014 15:13:36 +0000 6174493 at http://www.globalpost.com Why does Europe hate GM food and is it about to change its mind? http://www.globalpost.com/dispatch/news/afp/140706/why-does-europe-hate-gm-food-and-it-about-change-its-mind <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>While the United States, Canada, Brazil, Argentina and China and many other countries have warmly embraced genetically modified crops, Europe remains the world's big holdout.</p> <p>Could this be about to change? New European Union rules now seek to clear up years of internal deadlock that could, in theory, lead to widespread cultivation of GM foods. But the fight is far from over.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140706/why-does-europe-hate-gm-food-and-it-about-change-its-mind" target="_blank">read more</a></p> Biology Food and drink Genetic engineering GM Technology AFP Sun, 06 Jul 2014 06:31:55 +0000 6197062 at http://www.globalpost.com