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Thursday, August 5, 2021
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General Motors

LG to invest billions in US battery business amid electric cars drive

LG Energy Solution has said it will invest more than 4.5 billion dollars (£3.2 billion) in its US battery production business by 2025 as...

GM profit slumps by nearly 90%, with worse to come

General Motors’ first-quarter net income fell 88%, but it still managed to make 247 million dollars (£198 million) despite the arrival of the coronavirus...

President Trump invokes act to force General Motors to produce ventilators

President Donald Trump has issued a Defence Production Act order to force General Motors to produce ventilators for coronavirus patients. Mr Trump said negotiations with...

General Motors pulls out of Australia, NZ and Thailand

General Motors says it is pulling out of Australia, New Zealand and Thailand as part of a strategy to exit markets that do not...

Almost 50,000 US auto workers strike against General Motors

More than 49,000 members of the United Auto Workers walked off General Motors (General Motors) factory floors or set up picket lines early today...

EU approves PSA acquisition of Vauxhall and Opel from General Motors

The European Union has approved French car maker PSA's acquisition of Opel and British brand Vauxhall from General Motors. The European Commission said it...

Theresa May agrees to meet Peugeot boss to discuss General Motors proposal

The UK's Prime Minister is set to meet the chief executive of the PSA Group to discuss Peugeot's proposals to buy General Motors' European...

Volkswagen to cut 30,000 jobs

Volkswagen is to cut 30,000 jobs in a restructuring plan as it tries to recover from a scandal over cars rigged to cheat on...

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