Tag: General Motors

• Friday, February 27th 2015 - 08:22 UTC

  Brazilian hard line unions win conflict and beat moderates in elections

  

  Workers at a General Motors Co car factory in Brazil ended a six-day strike on Thursday after the company dropped plans to lay off 800 employees, the union said, ending the latest labor standoff in the troubled Brazilian auto industry.

• Saturday, July 26th 2014 - 06:18 UTC

  Brazilian auto industry putting workers on paid leave as production plummets 10%

  

  General Motors Co wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union said this week, amid falling output in Latin America's largest economy.

• Wednesday, January 15th 2014 - 19:29 UTC

  GM will pay its first dividend since 2008; sales jump in China and United States

  

  US carmaker General Motors (GM) said it will resume dividend payments, capping a remarkable turnaround since its 2009 bailout by the US government. It will pay a dividend of 30 cents per share, the first since July 2008.

• Wednesday, March 14th 2012 - 00:07 UTC

  Brazil turns protectionist: wants Mexico to limit car exports to 1.4bn in three years

  

  Brazil's government wants Mexico to impose quotas on its own auto exports to the South American nation to ensure the total value does not exceed 1.4 billion dollars over the next three years, the development, industry and foreign trade ministry said.

• Tuesday, September 6th 2011 - 22:15 UTC

  Brazilian car industry scaling down production as inventories rise

  

  Metalworkers at a General Motors factory in Brazil decided to go on strike on Tuesday to demand a 17.45% wage increase just as the industry is scaling back production amid rising inventories.

• Tuesday, August 2nd 2011 - 07:03 UTC

  Brazil forecasted to become world’s third largest automobile manufacturer

  

  Brazil’s car production capacity is expected to jump from the current 3.6 million units per year to 6.2 million by 2025 supported by massive investments from the industry estimated in 19 billion dollars by 2017, according to estimated from the Vanzolini Foundation in Sao Paulo.

• Saturday, May 21st 2011 - 09:06 UTC

  Brazilian auto workers on strike demanding improved profit-sharing

  

  Brazilian workers at a factory operated by the local unit of U.S. auto maker General Motors Co. walked off the job Friday, calling a 24-hour strike to protest the company's latest profit-sharing offer.

• Thursday, January 27th 2011 - 20:53 UTC

  General Motors Drops Loan Application After Improvement

  

  General Motors said on Thursday that it was withdrawing its application to borrow $14.4 billion from a pool of federal money intended to help automakers build more fuel efficient vehicles.

• Wednesday, June 30th 2010 - 06:00 UTC

  China and South America crucial for globalized General Motors recovery

  

  General Motors CEO Ed Whitacre Jr. told analysts Tuesday that the automaker has changed since bankruptcy from a “shell-shocked” and “overly complicated company” to a sharply focused one that has a clearer sense of its global strengths and a passion to win back customers in the United States.

• Thursday, April 22nd 2010 - 02:43 UTC

  General Motors repay 8.1 billion to US and Canadian governments

  

  General Motors repaid Wednesday 8.1 billion US dollars in government loans, five years ahead of schedule and nine months after the troubled auto giant declared bankruptcy, signalling that the auto maker may be on the path to profitability.