Toyota cuts 2026 global EV output plans by a third, Nikkei reports TOKYO: Japan’s Toyota Motor has slashed its electric vehicle production plans for 2026 by a third, the Nikkei... Published 06 Sep, 2024 03:01pm
Business & Finance GM fined $146m for lowballing vehicle emissions NEW YORK: General Motors will pay nearly $146 million in penalties for underestimating emissions produced by its... Published 05 Jul, 2024 03:17am
Business & Finance GM fined $146 million for lowballing vehicle emissions NEW YORK: General Motors will pay nearly $146 million in penalties for underestimating emissions produced by its... Published 04 Jul, 2024 11:30am
Business & Finance General Motors approves new $6 billion share buyback plan General Motors on Tuesday announced a new $6 billion share buyback plan, just over a month after the automaker... Published 11 Jun, 2024 05:16pm
Business & Finance GM upbeat on 2024, betting on a ‘resilient’ US economy DETROIT: General Motors on Tuesday reported lower pre-tax profit for the fourth quarter but gave investors an upbeat... Published 30 Jan, 2024 05:02pm
Business & Finance GM sees $9.3bn hit from new labour deals, outlines $10bn buyback WASHINGTON: General Motors said on Wednesday its new labor deals after a lengthy US strike will cost it $9.3 billion... Published 30 Nov, 2023 04:53am
Business & Finance GM to buy back $10 billion in shares, cut Cruise spending General Motors said on Wednesday it will buy back $10 billion in shares and boost its dividend by 33%, even as it... Published 29 Nov, 2023 04:47pm
Business & Finance Honda hikes production workers' pay after UAW deals with Detroit Three Honda Motor said on Friday it was implementing an 11% pay hike for production workers at its US facilities from... Published 11 Nov, 2023 12:53am
Business & Finance GM to halt production of Cruise driverless van General Motors said Monday it plans to temporarily halt production of its fully autonomous Cruise Origin van just... Published 07 Nov, 2023 10:37am
Business & Finance Toyota hikes wage of US factory workers after UAW labor deals WASHINGTON: Toyota Motor said on Wednesday it is raising the wages of nonunion US factory workers just days after ... Published 02 Nov, 2023 03:15am
Business & Finance Honda, GM scrap ‘affordable’ EV tie-up TOKYO: Japanese automaker Honda and US giant General Motors said Thursday they were scrapping a tie-up that was... Published 26 Oct, 2023 11:45am
Technology Tesla joins GM, Ford in slowing EV factory ramp as demand fears spread SAN FRANCISCO: Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle... Published 19 Oct, 2023 10:12am
World UAW strikes more GM, Stellantis facilities, cites progress in talks with Ford DETROIT: The United Auto Workers expanded its strikes against Detroit automakers General Motors and Chrysler parent... Published 23 Sep, 2023 10:17am
World 'Premature' to predict hit from US auto strike: Yellen WASHINGTON: US Treasury Secretary Janet Yellen said Monday it is too early to gauge the economic impact from an... Published 18 Sep, 2023 10:39pm
Business & Finance US auto workers launch first simultaneous strike at Detroit Three DETROIT: The United Auto Workers union launched simultaneous strikes at three factories owned by General Motors,... Published 15 Sep, 2023 11:01am
Business & Finance Tesla, suppliers to invest $15bn in Mexico factory MEXICO CITY: A state governor in Mexico said on Monday that Tesla and its suppliers would invest $15 billion over... Published 12 Sep, 2023 09:52am
Business & Finance GM offers 10pc wage hike in UAW contract talks WASHINGTON: General Motors said on Thursday it has offered workers a 10% wage hike and two additional 3% annual lump... Published 11 Sep, 2023 06:32am
Business & Finance Limited-edition 2025 Mustang GTD: 800+ horsepower and a $300,000 sticker Ford Motor is joining rival General Motors in the U.S. supercar ranks with the launch of the 2025 Mustang GTD, a... Published 18 Aug, 2023 03:09pm
Business & Finance Hyundai Motor’s unit to buy General Motors’ India plant BENGALURU: Hyundai Motor Co’s Indian unit will buy automaker General Motors’ Talegaon plant in the western state of... Published 17 Aug, 2023 03:49am
Technology Global automakers scramble to reset China strategies as sales slow SHANGHAI: For foreign automakers in China, it is time to double down on a turnaround or cut losses after ceding... Published 28 Jul, 2023 11:09am
Business & Finance GM investing $920m in Ohio diesel engine plant WASHINGTON: General Motors on Tuesday said it was investing $920 million to expand operations at its Ohio diesel... Published 26 Jun, 2023 06:38am
World Bill Gates in China to meet with development partners BEIJING: Bill Gates was in China on Thursday to meet with global health and development partners, following a string... Published 15 Jun, 2023 11:31am
Business & Finance Global consumer giants’ bottom lines boosted by price hikes - but will the spending last? NEW YORK: Major global consumer-facing companies like McDonald’s, General Motors and Nestle posted steady... Published 02 May, 2023 05:59am
Business & Finance Replenished car inventories boost GM first quarter sales in US NEW YORK: General Motors reported a jump in first-quarter US auto sales on Monday, reflecting improved dealership... Published 03 Apr, 2023 09:20pm
Business & Finance Hyundai Motor lines up to buy General Motors’ India plant NEW DELHI: Hyundai Motor Co said on Monday it has agreed to a potential acquisition of General Motors’ plant in... Published 13 Mar, 2023 06:21pm
Business & Finance GM profits rise after record quarter in North America NEW YORK: General Motors rode a strong performance in North America to higher fourth-quarter profits and said ... Published 06 Feb, 2023 07:27am
Business & Finance Honda to start producing new hydrogen fuel cell system co-developed with GM TOKYO: Japan’s Honda Motor Co said it will start producing a new hydrogen fuel cell system jointly developed with... Published 02 Feb, 2023 10:42am
Business & Finance GM reports higher quarterly profit, expects strong earnings in 2023 DETROIT: General Motors Co on Tuesday reported a higher quarterly net income for the fourth quarter, and forecast... Published 31 Jan, 2023 06:19pm
Technology Twitter, ad verification firms team up to give advertisers tweet-level analysis Twitter Inc will team up with digital ad verification companies Integral Ad Science and DoubleVerify Holdings Inc to... Published 26 Jan, 2023 09:56am
Business & Finance GM recalls 140,000 Chevrolet Bolt EVs over fire risks WASHINGTON: General Motors Co said Tuesday it is recalling 140,000 Chevrolet Bolt EVs in North America because the... Published 21 Dec, 2022 10:14am