Tag: General Motors

Finance, Legal

GM Wants Congress to Extend an Electric Vehicle Tax Credit That Trump Dislikes

December 10, 2018

Via: Fortune

When General Motors announced plant closings and a 15% workforce cut, the plan was to plow savings into electric and autonomous vehicle development, which is seen as the industry’s future. But selling electric vehicles (EVs) will get tough without a […]


Ford, General Motors Hit Sales Slump

March 1, 2018

Via: Fortune

GM, Ford, and Fiat Chrysler Automobiles all experienced a drop in U.S. auto sales in February compared to the same month last year, as incentives aimed at boosting the end-of-the-year sales ended. There were a few bright spots within each […]


GM Recalls 800,000 Trucks for Faulty Power Steering

August 7, 2017

Via: Fortune

General Motors is recalling nearly 800,000 trucks that have been found to suddenly lose power steering, potentially causing drivers to lose control of their vehicle. The problem, according to the National Highway Traffic Safety Administration, can be triggered when a vehicle is using […]

Mergers and Acquisitions

General Motors Announces $2.33 Billion Sale of European Arm to Peugeot’s Owner

March 6, 2017

Via: Fortune

General Motors (GM, +1.24%) announced Monday it will be selling its European division to French carmaker PSA Group (PEUGEOT.S-A) for $2.33 billion ( € 2.2 billion), reports the BBC. The deal, first reported Friday, will see GM’s European brands Opel […]