Toyota dethrones GM as US sales leader Japanese automaker Toyota outsold General Motors in the US in 2021, marking the first time the Detroit automaker has not led US car sales for ... Business • 05 Jan
GM to cut North American production, citing shortages General Motors will reduce production at most North American assembly plants this month because of the ongoing semiconductor chip shortage, hitting its profitable truck and ... Business • 03 Sep 21
GM's first quarter profit jumps despite chip shortage General Motors has today posted far stronger than expected first-quarter profit despite a global semiconductor chip shortage as it held down costs and focused on ... Business • 05 May 21
GM cites chip shortage for weaker 2021 outlook General Motors has reported a higher than expected fourth-quarter profit on strong demand for trucks and SUVs during the Covid-19 pandemic but forecast weaker than ... Business • 10 Feb 21
GM plans to build electric delivery vans General Motors has unveiled plans to build electric vans under the new BrightDrop brand, in a move aimed at creating a new ecosystem for delivery ... Business • 13 Jan 21
Tesla loses more than combined GM, Ford market value Tesla shed about $80 billion of its market value on Wall Street last night, an amount that overshadows the combined value of General Motors and ... Business • 09 Sep 20
GM to supply 30,000 ventilators in $500m US contract The US has awarded automaker General Motors a contract worth $489.4m to make ventilators needed to treat severely sick coronavirus patients. Business • 08 Apr 20
GM earnings beat expectations but strike hits outlook General Motors has today cuts its earnings forecast for 2019, saying that a 40-day US strike by the United Auto Workers union that brought virtually ... Business • 29 Oct 19
Trump threatens to cut GM subsidies after job cuts US President Donald Trump has threatened to eliminate subsidies for General Motors in retaliation for the automaker cutting US jobs and plants. Business • 28 Nov 18
General Motors to cut workforce by 15% General Motors has confirmed that it's cutting 15% of its workforce to save $6 billion. Business • 26 Nov 18
Marchionne - the Fiat Chrysler boss who fixed things Sergio Marchionne was one of the car industry's most demanding and tenacious chief executives and he rescued Fiat and Chrysler, two of its most storied ... Business • 25 Jul 18
Peugeot surges as Opel hits road to recovery Peugeot maker PSA Group turned its recently acquired Opel-Vauxhall business sharply back into the black while achieving record first-half profitability at its French car brands. Business • 24 Jul 18
General Motors post stronger than expected Q3 profits General Motors has today posted a stronger than expected pre-tax profit for the third quarter before charges related to the sale of its European operations. Business • 24 Oct 17
GM Q2 earnings drop 42% over restructuring General Motors reported a big drop in second-quarter earnings on one-time restructuring costs in international markets, as car sales dipped in the cooling North American ... Business • 25 Jul 17
Tesla market value overtakes Ford Electric car maker Tesla has overtaken Ford to become the second-largest US car maker. Business • 04 Apr 17
PSA Group pays GM €2.2 billion for Opel PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at €2.2 billion, creating a new regional car giant ... Business • 06 Mar 17
PSA nears deal to buy Opel from GM - sources PSA Group and General Motors hope to announce the French carmaker's acquisition of Opel within days after narrowing differences on pension liabilities at GM's European ... Business • 03 Mar 17
Peugeot lifts profitability goal on record year PSA Group has today announced its first dividend in six years and raised its medium-term profitability goal after its full-year profit almost doubled. Business • 23 Feb 17
Union fears grow over future of GM Vauxhall plant The head of Britain's biggest trade union is likely to meet the CEO of PSA Group on Friday amid growing concerns over the future of ... Business • 20 Feb 17
Merkel says to do all she can to secure Opel jobs Germany will do all it can to secure Opel plants and jobs in the country if PSA buys the General Motors business, Chancellor Angela Merkel ... Business • 17 Feb 17
Opel, Peugeot lag rivals in strong European market General Motors and PSA Group posted weaker European sales in January than any other major carmaker as they discuss a possible purchase of GM's European ... Business • 16 Feb 17
French carmaker PSA discusses deal for GM's Opel PSA Group is holding talks with General Motors about buying its European Opel division, the French carmaker said today. Business • 14 Feb 17
Ford scraps Mexico factory, adds Michigan jobs Ford said it had scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump. Business • 04 Jan 17
General Motors lifts 2016 profit forecast General Motors has lifted its 2016 profit forecast following strong second-quarter earnings that included a big jump in operating profits in the key North America ... Business • 21 Jul 16
European car sales up 6.3% in January European car sales rose 6.3% to 1,093,565 vehicles in January, industry data showed today. Business • 16 Feb 16
