Tag: General Motors

• Thursday, March 21st 2019 - 09:52 UTC

  GM announces US$ 2.5bn investment in Brazilian car industry

  

  General Motors Co said it would invest US$ 2.7 billion in two Brazilian factories over the next five years, sparing them from a shakeup of the automaker’s operations, a decision hailed by the governor of Brazil’s largest state.

• Wednesday, March 20th 2019 - 10:20 UTC

  Trump warns GM: “close a plant in China or Mexico and bring jobs home!”

  

  President Donald Trump is escalating his pressure on General Motors, as he calls for the company to reopen an Ohio manufacturing plant.

• Monday, February 4th 2019 - 08:57 UTC

  GM plans to invest US$ 2.5bn over three years in Brazil in return for tax breaks

  

  Automaker General Motors Co is in talks to invest 9 billion reais (US$ 2.5 billion) in the Brazilian state of Sao Paulo over the next three years in return for tax incentives, newspaper Valor Economico has reported.

• Thursday, January 24th 2019 - 09:33 UTC

  Sao Paulo state willing to support automaker GM with tax incentives

  

  General Motors Brazil unit is in advanced talks with Sao Paulo state to receive tax incentives, the company told public officials and union representatives at a meeting on Tuesday, a few days after telling workers in a memo that it was losing money in the country.

• Wednesday, January 9th 2019 - 08:45 UTC

  Domestic car sales in Brazilian domestic market in line with expectations

  

  Car and light truck sales in Brazil went up 13.6% in 2018 from the previous year, cementing the industry’s gradual recovery from a deep recession. Brazil was one of the world’s five biggest auto markets until a recent downturn and, despite last year’s growth, numbers remain lower than at their peak in 2012.

• Thursday, November 29th 2018 - 09:23 UTC

  Trump favors imposing tariffs to protect US auto industry; EU ready to react with retaliation tariffs

  

  President Donald Trump on Wednesday indicated he favours imposing import tariffs to protect the US auto industry, which was rocked by this week's announcement of job cuts at General Motors. In two tweets, the president said that extending tariffs already in place for foreign-built small trucks to the car sector would help domestic manufacturers.

• Tuesday, November 27th 2018 - 08:47 UTC

  Trump not happy with GM's decision to cut 14.000 jobs and close several plants

  

  President Donald Trump does not like the news that General Motors would close several plants and cut more some 14,000 jobs. Speaking to reporters on the White House lawn on Monday afternoon, Trump said he spoke with CEO Mary Barra and told her he wasn't happy with the decision. “I told her I'm not happy about it,” Trump told reporters.

• Monday, July 2nd 2018 - 08:31 UTC

  Leading world car makers urge US not to impose tariffs on auto imports

  

  BMW and Hyundai Motor urged the U.S. not to impose tariffs on auto imports, joining General Motors Co. in pressing their case to the Commerce Department even as a top aide to President Donald Trump dismissed the concerns as “smoke and mirrors.”

• Saturday, October 14th 2017 - 08:16 UTC

  Japan's steel scandal of falsifying quality data has global manufacturing repercussions

  

  Japan's Kobe Steel has increased the number of firms it says have been affected by its data fabrication scandal from 200 to 500, and has also found “inappropriate actions” relating to nine more products, including falsifying data. Earlier this week, Kobe admitted falsifying quality data on some of its products for up to a decade.

• Wednesday, July 29th 2015 - 05:52 UTC

  Volkswagen overtakes Toyota to became world's biggest selling vehicle maker

  

  Germany's Volkswagen became the world's biggest-selling vehicle maker in the first half of the year, overtaking Toyota for the first time. VW sold 5.04 million cars between January and June - slightly more than the 5.02 million sold by Toyota.