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GM Korea cuts salaries, delays payments, to help it ride the coronavirus storm

30 March 2020 | just-auto.com editorial team

GM Korea cuts salaries, delays payments, to help it ride the coronavirus storm just-auto.com editorial team GM Korea said on Monday it would delay payment of 20% of the salaries of management level e... read more


New trucks give GM a Q2 boost

1 August 2019 | Graeme Roberts

New trucks give GM a Q2 boost Graeme Roberts General Motors booked a solid 1.6% rise in second quarter 2019 operating income to US$2.4bn as redesigned light duty pickup trucks found success in North ... read more


General Motors Q1 2019 sales down 7%

3 April 2019 | just-auto plus Extended News

General Motors Q1 2019 sales down 7% just-auto plus Extended News General Motors announced that it delivered 665,840 vehicles in the first quarter of 2019, with a selling mix of trucks, SUVs and cros... read more


New funding deal to return GM Korea to profit

30 April 2018 | Staff reporter

New funding deal to return GM Korea to profit Staff reporter GM Korea's main shareholders, General Motors (GM) of the USA and the local state-run Korea Development Bank (KDB), signed a conditiona... read more


GM Korea creditors to provide new funds this week

24 April 2018 | Staff reporter

GM Korea creditors to provide new funds this week Staff reporter GM Korea's main shareholders and creditors are to sign a new funding agreement this week to support the ailing General Motors Sout... read more


Overnight talks avert GM Korea bankruptcy

23 April 2018 | Graeme Roberts

Overnight talks avert GM Korea bankruptcy Graeme Roberts Bankruptcy of General Motors' South Korean operation appears to have been averted at the last minute after the automaker agreed a deal wi... read more


EVgo/Maven to build dedicated fast charging network in the US

13 April 2018 | just-auto plus Extended News

EVgo/Maven to build dedicated fast charging network in the US just-auto plus Extended News EVgo, the nation's largest network of public electric vehicle (EV) DC Fast charging stations, announced ... read more


US: Chevy eyes more profit from new Cruze

25 June 2015 | Graeme Roberts

US: Chevy eyes more profit from new Cruze Graeme Roberts General Motors redesigned 2016 Cruze, on sale in the US early next year, will generate US$1,500 more profit per car than the old model, G... read more


BRAZIL: Auto profit remittances come to a halt

12 June 2015 | Fernando Calmon

BRAZIL: Auto profit remittances come to a halt Fernando Calmon In 2006, when Brazil’s central bank (BCB) started issuing statistics on the profits remitted abroad categorised by the different s... read more


CHINA: Plastic Omnium expects to double revenue in 2018

21 April 2015 | Graeme Roberts

CHINA: Plastic Omnium expects to double revenue in 2018 Graeme Roberts Plastic Omnium announced its latest developments in China at the Shanghai motor show including four new plants. With 22m vehi... read more


RUSSIA: Wild currency ride sees GM temporarily suspend wholesaling

18 December 2014 | Simon Warburton

RUSSIA: Wild currency ride sees GM temporarily suspend wholesaling Simon Warburton Russia's chaotic currency situation has led General Motors to temporarily suspend wholesaling of vehicles to dealers... read more


RUSSIA: Sales suspended as ruble crisis bites

18 December 2014 | Chris Wright

RUSSIA: Sales suspended as ruble crisis bites Chris Wright Car makers are pulling down the shutters at dealerships across Russia because of the currency crisis which has seen a 40% drop in the value ... read more


JAPAN: Toyota raises profit forecast

5 November 2014 | Tony Lewis

JAPAN: Toyota raises profit forecast Tony Lewis Toyota has raised its profit forecast for the financial year by more than 12% to JPY2 trillion (US$17.5bn) from an earlier forecast of JPY1.78 trillion... read more


US: Under new Ford CEO, new life beckons for famous Lincoln brand

27 October 2014 | Graeme Roberts

US: Under new Ford CEO, new life beckons for famous Lincoln brand Graeme Roberts Ford's new chief executive, Mark Fields, reportedly is giving the Lincoln brand a little love and a lot of cash. Ac... read more


JAPAN: Takata shares recover after airbag recall charge update

22 October 2014 | Graeme Roberts

JAPAN: Takata shares recover after airbag recall charge update Graeme Roberts Takata Corporation, the Japanese maker of air bags at the centre of an auto industry-wide safety crisis , has recovered ... read more


US: GM sued for $10bn over losses on 27m recalled cars

16 October 2014 | Graeme Roberts

US: GM sued for $10bn over losses on 27m recalled cars Graeme Roberts General Motors reportedly has been hit with its biggest lawsuit so far over serial recalls, brought on behalf of drivers of 27m v... read more


US: GM outlines strategic profit plan

1 October 2014 | Graeme Roberts

US: GM outlines strategic profit plan Graeme Roberts General Motors has developed a new strategic plan intended to help it achieve 9% to 10% margins on an EBIT-adjusted basis by early next decade. ... read more


US: Compensation claims against GM continue to rise

27 August 2014 | Chris Wright

US: Compensation claims against GM continue to rise Chris Wright The number of deaths said to be associated with General Motors’ ignition switch fault have reached 100 and are among 284 compens... read more


JAPAN: Toyota Q1 profit beats analysts' estimates

5 August 2014 | Graeme Roberts

JAPAN: Toyota Q1 profit beats analysts' estimates Graeme Roberts Toyota Motor boosted both operating and net profit in its first fiscal quarter as unit sales (+0.4%) and revenue (2.2%) only inched up... read more


GERMANY: BMW to cut labour cost - paper

3 June 2014 | Chris Wright

GERMANY: BMW to cut labour cost - paper Chris Wright BMW is planning to slash EUR100m (US$136m) of German labour costs annually from 2015 onwards, according to the Muenchner Merkur newspaper. Wo... read more


US: Toyota most valuable auto brand

21 May 2014 | Graeme Roberts

US: Toyota most valuable auto brand Graeme Roberts Toyota is the world's most valuable automotive brand, according to a new survey by Millward Brown which ranked the automaker 26th overall. The to... read more


US: NHTSA fines GM record $35m over ignition switch defect

19 May 2014 | Graeme Roberts

US: NHTSA fines GM record $35m over ignition switch defect Graeme Roberts General Motors has agreed to pay the US National Highway Traffic Safety Administration (NHTSA) a US$35m fine for failing to r... read more


BRAZIL: Fiat profit down 81% in 2013

15 May 2014 | Graeme Roberts

BRAZIL: Fiat profit down 81% in 2013 Graeme Roberts Only two automakers – Fiat and Renault – are organised in Brazil as PLC companies and therefore obligated by law to issue financial res... read more


US: GM owners sue over ignition switch recall

17 March 2014 | Graeme Roberts

US: GM owners sue over ignition switch recall Graeme Roberts As expected, General Motors has been sued on behalf of vehicle owners over the ignition switch flaw in some small car models it no longer ... read more


US: Chevrolet Europe and Holden costs knock $1.1bn off GM 2013 profit

6 February 2014 | Graeme Roberts

US: Chevrolet Europe and Holden costs knock $1.1bn off GM 2013 profit Graeme Roberts General Motors said 2013 calendar year net income fell US$1.1bn to $3.8bn due to special items booked in the final... read more


US: General Motors axes mainstream Chevrolet in Europe

5 December 2013 | Graeme Roberts

US: General Motors axes mainstream Chevrolet in Europe Graeme Roberts General Motors is to make Chevrolet Europe a niche division from 2016 with the volume models currently sourced from Korea to be d... read more


THAILAND: Parts maker PCS to launch IPO

15 November 2013 | Staff reporter

THAILAND: Parts maker PCS to launch IPO Staff reporter Thai automotive parts manufacturer PCS Machine Group Holding Plc announced plans to raise THB6.1bn in an initial public offering (IPO) to fund e... read more


US: GM Q3 net profit plunges $800m

30 October 2013 | Graeme Roberts

US: GM Q3 net profit plunges $800m Graeme Roberts General Motors said third quarter net income plunged to $0.7bn or $0.45 a share, from $1.5bn or $0.89 a share a year ago. It explained that oper... read more


FRANCE: Renault Q3 revenue rises 3.2% on car sales up 10.2%

25 October 2013 | Graeme Roberts

FRANCE: Renault Q3 revenue rises 3.2% on car sales up 10.2% Graeme Roberts Renault group revenues rose 3.2% year on year to EUR7.998bn in the third quarter of 2013. Automotive revenues were off ... read more


US: $5,000 price cut for 2014 Chevrolet Volt

6 August 2013 | Glenn Brooks

US: $5,000 price cut for 2014 Chevrolet Volt Glenn Brooks General Motors has slashed US$5,000 from the price of the Chevrolet Volt, meaning after allowing for a federal tax credit, the car could cost... read more


US: Special items knock GM Q2 net profit back $200m

25 July 2013 | Graeme Roberts

US: Special items knock GM Q2 net profit back $200m Graeme Roberts General Motors has announced second quarter net income of US$1.2bn, or $0.75 per share. Special items reduced net income by $0.2bn, ... read more


AUSTRALIA: Federal Opposition would slash car industry subsidies

11 April 2013 | Glenn Brooks

AUSTRALIA: Federal Opposition would slash car industry subsidies Glenn Brooks The shadow minister for Industry in Canberra says a future government led by the current Opposition would slash the large... read more


CHINA: GM buys back 1% stake in joint venture

18 February 2013 | Graeme Roberts

CHINA: GM buys back 1% stake in joint venture Graeme Roberts General Motors, which runs 12 joint ventures in China, said it had repurchased a 1% stake in its joint venture with SAIC Motor which it so... read more


SOUTH KOREA: Hyundai Motor unfazed by weakening yen

24 January 2013 | Graeme Roberts

SOUTH KOREA: Hyundai Motor unfazed by weakening yen Graeme Roberts Hyundai Motor sees no immediate threat from the weakening Japanese yen but promised toughen its readiness against its Japanese and g... read more


US: GM expects profitability to rise 'modestly' in 2013

17 January 2013 | Dave Leggett

US: GM expects profitability to rise 'modestly' in 2013 Dave Leggett GM has said it expects its global profitability to rise modestly in 2013 on an earnings before interest and tax (EBIT) adjusted ba... read more


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