Tag: GM

General Motors will invest 1,125 million in three plants in Brazil

Posted 2/21/2018 2:41:35 PM SAO CAETANO DO SUL (BRAZIL), 21 Feb. (EUROPA PRESS) – The United States General Motors automobile consortium will invest 4,500 million reais (1,125 million euros at the current exchange rate) at its Brazilian plants in Sao Caetano do Sul, Gravataí and Joinville. According to the announcement of the president of GM… Continue reading General Motors will invest 1,125 million in three plants in Brazil

Avis steers into crowded field for managing ride services fleets

By Nick Carey DETROIT, – When Avis Budget Group Inc reports its results on Wednesday, executives under pressure from restive shareholders will likely point to the potential for profits from managing fleets of vehicles for ride services and robo-taxi companies. Avis, however, won’t be alone in chasing revenue from the same ride service companies that… Continue reading Avis steers into crowded field for managing ride services fleets

GM offers $2.8 billion investment in South Korea over 10 years: South Korea official

SEOUL (Reuters) – General Motors (GM.N) has proposed $2.8 billion fresh investment in South Korea over the 10 years as part of its plan to restructure its embattled Korean unit, a South Korean senior government official said. The official with direct knowledge of the matter added the U.S. carmaker had requested South Korea to inject… Continue reading GM offers $2.8 billion investment in South Korea over 10 years: South Korea official

General Motors plans July shutdown for upgrades at Flint Assembly

CLOSE The 2019 Chevrolet Silverado revealed at Eastern Market in Detroit on Saturday Jan. 13, 2018. General Motors Flint Assembly employee Dan Hippensteel attaches the grille to the front of a GMC Sierra 2500 HD truck in August 2015. GM is planning a July shutdown at Flint Assembly so the company can upgrade equipment at… Continue reading General Motors plans July shutdown for upgrades at Flint Assembly

BP sees self-driving electric vehicles crimping oil demand by 2040

LONDON (Reuters) – The emergence of self-driving electric cars and travel sharing are set to dent oil consumption by 2040, oil and gas giant BP (BP.L) said, forecasting a peak in demand for the first time. In its benchmark annual Energy Outlook, BP forecast a 100-fold growth in electric vehicles by 2040, with its chief… Continue reading BP sees self-driving electric vehicles crimping oil demand by 2040

Uber might be backing out of SEA but is making sure to stay in London & more

Uber might be backing out of SEA but is making sure to stay in London & more Welcome to our weekly urban mobility news digest — this week we are trying something new: we’ll present you last week’s most important news in a short single-story read. Let us know what you think, whether you like it or would… Continue reading Uber might be backing out of SEA but is making sure to stay in London & more

Exclusive: GM offers $2.2 billion debt for equity swap in return for Seoul’s support – sources

SEOUL (Reuters) – General Motors (GM.N) has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four sources with direct knowledge of the matter said. The restructuring proposal comes after the Detroit automaker announced last week that… Continue reading Exclusive: GM offers $2.2 billion debt for equity swap in return for Seoul’s support – sources

Top Automotive Industry News for Week of February 12 – February 18, 2017

Here is the most important news associated with the automotive industry identified by the SEA for the week February 12, 2018 – February 18, 2018. We hope it helps you stay up to speed on the key developments in our industry: -AEA Membership News- The 2018 NADA AEA Member Reception is coming soon! The next… Continue reading Top Automotive Industry News for Week of February 12 – February 18, 2017

Waymo Gets the O.K. for a Commercial Driverless Ride-Hailing Service

The first U.S. commercial ride-hailing service without human drivers has been approved. Waymo, a unit of Alphabet Inc., got a permit in late January from the Arizona Department of Transportation to operate as a Transportation Network Company, according to Ryan Harding, a spokesman at the state agency. The designation lets Waymo’s fleet of driverless Chrysler… Continue reading Waymo Gets the O.K. for a Commercial Driverless Ride-Hailing Service