Tag: GM

GM swaps factories with L’Oreal on energy-savings quest

GM employees Al Hildreth, global energy manager, left; Erin Lawrence, associate energy engineer; and Brian Wilger, senior environmental engineer, explored the L’Oreal factory. (Photo: GM) What do a car factory and a cosmetics factory have in common? More than you might expect. General Motors Co. and L’Oreal USA temporarily swapped energy management teams earlier this… Continue reading GM swaps factories with L’Oreal on energy-savings quest

KDB, GM set to sign initial funding deal for U.S. carmaker’s Korean unit this week

By Choi Kyong-ae SEOUL, April 24 (Yonhap) — General Motors Corp. and the state-run Korea Development Bank, the two biggest shareholders of GM Korea Co., are set to sign an initial funding agreement this week to help GM’s Korean unit stay afloat, the two companies said Tuesday. The KDB is expected to sign a preliminary… Continue reading KDB, GM set to sign initial funding deal for U.S. carmaker’s Korean unit this week

GM Recognizes Top Suppliers for Performance, Quality and Innovation

General Motors recognized its most innovative partners at its 26th Supplier of the Year awards ceremony on April 20 in Orlando, Florida. Recipients of the Supplier of the Year award include 125 suppliers from 17 countries, with 16 first-time winners, as well as eleven companies who earned GM’s Innovation Award, Overdrive Award and Customer of… Continue reading GM Recognizes Top Suppliers for Performance, Quality and Innovation

Marchionne’s Exit Puts Fiat Chrysler in Play for Merger Deal

Sergio Marchionne spent the last 14 years transforming Fiat Chrysler Automobiles NV through a series of spinoffs and mergers from a near-bankrupt Italian conglomerate into the best-performing U.S. automaker. His pending exit may open the door for the next big deal. Marchionne, 65, is set to start his final year as chief executive officer after… Continue reading Marchionne’s Exit Puts Fiat Chrysler in Play for Merger Deal

ADAC tests cars with emission standard Euro 6d-temp: New diesels are clean – but expensive and thirsty

All articles and backgrounds 04/23/2018 ADAC tests cars with emission standard Euro 6d-temp New diesels are clean – but expensive and thirsty BMW BMW X2 It goes: New diesel cars, which meet the emission standard Euro 6d temp, are apparently actually very clean. The first nitric oxide measurements of the ADAC on three vehicles suggest… Continue reading ADAC tests cars with emission standard Euro 6d-temp: New diesels are clean – but expensive and thirsty

New boss Diess with tailwind: Volkswagen should deliver 4.4 billion euros profit

All articles and backgrounds 04/23/2018 New boss Diess with tailwind Volkswagen should deliver 4.4 billion euros profit REUTERS Volkswagen: After the change of boss from Müller to Diess, investors remain optimistic with regard to profit and turnover Volkswagen announces its first quarter results on Thursday (26 April). Following the surprise takeover of the chief position… Continue reading New boss Diess with tailwind: Volkswagen should deliver 4.4 billion euros profit

China’s Didi Chuxing launches its ride-hailing service in Mexico

China’s ride-sharing leader Didi Chuxing has continued its global march after it officially launched in Mexico, expanding its battle with Uber to a new front. The company raised $4 billion in December to expand overseas and it hasn’t held back on doing so this year. Hot on the heels of moves into Brazil, Taiwan and… Continue reading China’s Didi Chuxing launches its ride-hailing service in Mexico

GM, Korean union reach tentative deal on wages, workers

Youkyung Lee, Associated Press Published 6:21 a.m. ET April 23, 2018 GM Korea CEO Kaher Kazem, left, talks with GM Executive Vice President Barry Engle after a tentative agreement reached between the GM Korea’s management and labor union at GM Korea’s factory in Bupyeong, South Korea, April 23, 2018. (Photo: Yun Tae-hyung / AP) Seoul,… Continue reading GM, Korean union reach tentative deal on wages, workers

In Korea, General Motors avoids bankruptcy at the price of heavy sacrifices

An hour just before the vote on Monday night by the board of directors General Motors Korea, a probable bankruptcy of the Korean subsidiary of the US manufacturer, the union of employees of the group has accepted almost all the concessions that demanded management. And instead of coming together for a dramatic vote, management issued… Continue reading In Korea, General Motors avoids bankruptcy at the price of heavy sacrifices