Archive for Category: "General Motors"
GM recalling 200,000 SUVs for fire risk
General Motors is recalling some 200,000 mid-size SUVs due to the driver’s door issue, reports USA Today. According to US automaker, the master power door and window module in the driver’s door can short out and catch fire. The company is asking owners to park the trucks outdoors until the module is repaired. The recall [...]
General Motors names Gerald Johnson to lead North America manufacturing
General Motors has appointed Gerald Johnson as North America manufacturing vice president, effective July 1. Johnson succeeds Diana Tremblay, who was named vice president of GM’s new global business services group. Johnson is a 33-year GM veteran. He will lead a team of more than 74,000 employees who work in 56 facilities including assembly, stamping, [...]
GM offers rebates on Chevy Volt
General Motors announced that it is offering incentives for buyers of its Chevy Volt electric vehicle, reports CNN Money. The automaker is offering $4,000 incentive on 2013 Volts models and $5,000 on 2012 Volts models. In addition, GM is offering a special lease deal of $269 a month for 36 months with an initial payment [...]
GM to lay off 560 workers at Romulus plant in Michigan
General Motors is laying off 560 workers at its engine plant in Romulus near Detroit, Mich., reports Detroit Free Press. The automaker is retooling the plant build a new, more efficient V-6 engines. The plant now builds several V-6 and V-8 motors for trucks as well as industrial and marine uses. When the $390 million [...]
US Treasury Department prices GM stock shares
The U.S. Treasury Department has priced 30 million share of General Motors stock. The GM shares were priced at $34.41 per share. The sale is expected to result in aggregate proceeds to the government of $1.03 billion. Treasury set the price for its stock after the markets closed on Thursday. GM stock closed Thursday at [...]
GM launches 2-year free maintenance program
General Motors announced that it is offering a free maintenance program for two years or 24,000 miles on new 2014 Chevrolet, Buick or GMC cars, trucks or crossovers. The maintenance program includes free oil and filter changes, rotation of tires and 27-point vehicle inspection and a free car wash. The program covers up to four [...]
US Treasury, UAW trust plan to sell 50 million GM shares
The U.S. Treasury Department and the UAW retiree health care trust plan to sell a total of 50 million shares of General Motors (GM) stock this week, reports Detroit Free Press. The treasury department would sell 30 million shares in a public offering tied to GM’s return to the Standard & Poor’s 500 Index, which [...]
General Motors rejoining S&P 500 Index
General Motors (GM) is planning to rejoin the Standard & Poor’s (S&A) 500 Index, reports Detroit Free Press. GM will replace H.J. Heinz on the S&P 500 after the close of trading Thursday, a spokesman for the index said Monday. GM shares traded about 4% higher at $35.68 in after hours trading Monday, after gaining [...]
GM moving 70 finance jobs to Detroit from New York
General Motors has decided to move about 70 finance staffers from its New York treasury office to Detroit by mid-2014. According to GM spokesman Dave Roman, the company offered 70 employees the opportunity to transfer. GM plans to maintain its New York-based asset management team and other support staff. They will be moving to a [...]
GM hires 110 school students as summer interns in Detroit
General Motors (GM) has hired 110 high school students as summer interns to help clean up the Detroit city, perform service projects and learn life skills, The Detroit News reports. The student interns were hired under the two-month GM Student Corps program. According to GM North America President Mark Reuss, the program would give the [...]


