During a recent business conversation, a senior automotive executive was complaining about the difficulty of finding suitable recruits to support their company’s expansion. I suggested a different way of looking at the issue. What great news that the company is growing; now let’s find the right people. My point is that if you start with the… Continue reading Industry digest: Positive mindset key to business expansion
Category: US Motoring Press
Autocar magazine 1 February: on sale now
This week in Autocar, we put Porsche’s new 911 ‘SUV’ through its paces, break the silence on Audi’s newest radical concepts and make our case for keeping combustion cars on the road. Find out more in this week’s Autocar! News We bring you the lowdown on Audi’s two radical new concepts. The first is a… Continue reading Autocar magazine 1 February: on sale now
GM to invest $650 million in lithium mining company in US
General Motors said Tuesday it will jointly invest with Lithium Americas Corp. to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the United States and the third largest in the world. GM will make a $650 million equity investment in Lithium Americas, which GM CEO Mary Barra told Wall… Continue reading GM to invest $650 million in lithium mining company in US
GM to invest $650 million in lithium mining company in US
General Motors said Tuesday it will jointly invest with Lithium Americas Corp. to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the United States and the third largest in the world. GM will make a $650 million equity investment in Lithium Americas, which GM CEO Mary Barra told Wall… Continue reading GM to invest $650 million in lithium mining company in US
GM to pay some UAW hourly workers record $12,750 in profit-sharing
As a result of General Motors’ yearly gains in profits, about 42,300 U.S. hourly workers will receive a profit-sharing check of up to $12,750, GM spokesman David Caldwell said Tuesday. The before-taxes payout for its UAW-represented workforce is an increase from $10,250 paid out in 2021 and about $9,000 in 2020. It is a record payout,… Continue reading GM to pay some UAW hourly workers record $12,750 in profit-sharing
Ford knows it’s going to lose money cutting Mustang Mach-E prices
This content is only available to subscribers. Get unlimited digital access. $1 for 3 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Access to exclusive sports reporting on your local teams from USA TODAY… Continue reading Ford knows it’s going to lose money cutting Mustang Mach-E prices
GM beats expectations for Q4 and full-year profits, sees continued gains in 2023
General Motors on Tuesday reported pretax profit gains of $1 billion in the fourth quarter to $3.79 billion. For the full-year, pretax profits rose to $14.5 billion compared with $14.3 billion in 2021. GM’s overall gains came from improved inventory of pickups and SUVs as parts constrictions eased. GM sold a total of 1.1 million… Continue reading GM beats expectations for Q4 and full-year profits, sees continued gains in 2023
UAW presidential candidate says rank-and-file members believe leadership abandoned them
This content is only available to subscribers. Get unlimited digital access. $1 for 3 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Access to exclusive sports reporting on your local teams from USA TODAY… Continue reading UAW presidential candidate says rank-and-file members believe leadership abandoned them
GM Posts Solid Profit as It Pushes to Take On Tesla in EVs
General Motors on Tuesday reported solid profits for 2022, after overcoming the computer chip shortages and softening demand that has slowed much of the auto industry last year. The company reported $9.9 billion in net income, slightly below the total from the year before, while revenue rose 23 percent to $157 billion. It sold 3.6… Continue reading GM Posts Solid Profit as It Pushes to Take On Tesla in EVs
General Motors doesn’t expect significant U.S. production of EVs until second half of year
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – When General Motors launched the GMC Hummer EV… Continue reading General Motors doesn’t expect significant U.S. production of EVs until second half of year