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Content Tagged As gm

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  • AP Source: GM to announce $1B factory investment, new jobs

    January 16, 2017 9:33 PM

    DETROIT - A person briefed on the matter says General Motors will announce a $1 billion investment in its factories that will create or keep around 1,000 jobs. The investment will be announced Tuesday. The person tells The Associated Press that the investment is part of the normal process of... more »
  • GM CEO: Won't change production plans despite Trump tweet

    January 8, 2017 9:00 PM

    DETROIT - General Motors CEO Mary Barra says her company has no plans to change its production plans because of criticism from President-elect Donald Trump. Barra says at an event before the Detroit auto show Sunday that capital decisions in the auto business are made two-to-four years in advance. Last... more »
  • Trump's latest US corporate Twitter target: General Motors

    January 3, 2017 12:38 PM

    DETROIT - Although Donald Trump is targeting GM on Twitter today for importing compact cars to the U.S. from Mexico, the company says all of its Cruze sedans sold in the United States are now made in Ohio. Today's tweet was the latest threat from Trump to tax companies that... more »
  • General Motors to recall nearly 50,000 police SUVs

    December 10, 2016 12:39 PM

    General Motors plans to recall nearly 50,000 sport utility vehicles made for police departments and other government agencies because of a hazard in the cooling system. The problem affects the 2010 through 2014 models of the Chevrolet Tahoe Police Pursuit SUV. A GM notice sent to government regulators warned that... more »
  • General Motors invests $500m in Lyft, forms partnership

    January 4, 2016 3:43 PM

    DETROIT - The automotive industry is placing its biggest bet yet that using a device to hail a ride - with or without a driver - is the future of transportation. General Motors Co. said Monday it is investing $500 million in ride-hailing company Lyft Inc. and forming an... more »
  • GM set sales record and still got beat

    January 14, 2015 7:48 PM

    DETROIT- General Motors set a record for worldwide sales last year but still got beat by Volkswagen. GM sold almost 10 million vehicles, but the German carmaker, Volkswagen sold 10.1 million. GM saw sales rise in North America and China but fall in Europe and in South America. ... more »
  • Taxpayers about to be non-owners of GM

    September 10, 2013 7:36 PM

    DETROIT- Taxpayers are about to be non-shareholders in General Motors as the government is poised to sell all of its GM stock. The Treasury Department told Congress it sold $811 million worth of GM common stock last month and the government has recovered about $35.4 billion of the $49.5 billion... more »
  • Plan to buy former GM plant approved in Caddo

    August 23, 2013 11:57 AM

    SHREVEPORT - Caddo Parish's Industrial Development Board is set to become the new owners of the former Shreveport General Motors assembly plant. The Times reports parish commissioners voted 11-1 Thursday to allocate $7.5 million in parish funds to purchase the facility, land and mineral rights of the 529-acre property. The... more »
  • Startup auto company moving into former GM plant

    January 3, 2013 12:53 PM

    BATON ROUGE - A startup car company called Elio Motors is moving into the former General Motors plant in Shreveport, where it would build three-wheeled, low-price vehicles. Gov. Bobby Jindal announced Thursday that Elio is buying part of the plant to assemble its unusual-looking car. The company says the two-seat... more »
  • GM plant being sold in Shreveport

    January 2, 2013 10:14 PM

    SHREVEPORT - Shreveport and Caddo Parish officials say the former General Motors assembly plant has a buyer that plans thousands of vehicle assembly jobs with good pay. Assistant Parish Administrator Randy Lucky says the buyer expects to bring 1,500 jobs by the end of the second quarter and 3,000 within... more »

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