General Motors Company Posts

General Motors Company (GM) is increasing production capacity in China to 5 million

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General Motors Company (NYSE:GM) president Dan Ammann said today that the company and its local partners are boosting production capacity for GM vehicles in China to 5 million.

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General Motors Company (GM) wins major legal victory in “Park-It” lawsuit

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General Motors Company (NYSE:GM) is in the midst of a major recall, but it won a legal battle on Thursday in Texas. General Motors was able to fend off a potential court order on Thursday when a federal judge denied a motion that would have forced it to advise the owners of the 2.6 million recalled small cars with a faulty ignition switch to keep the cars off the road until they are fixed. 

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General Motors Company increases recall charge to $1.3 billion

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General Motors Company (NYSE:GM) has announced that it is expecting to take a $1.3 billion charge in the first quarter related to the ignition-switch recall. The recall addresses an issue where some drivers’ keys could fall out of the ignitions while the car is on.

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General Motors Company (GM) reportedly planning to launch cheaper Chevy Volt

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General Motors Company (NYSE:GM) is planning on launching a cheaper version of the Volt hybrid vehicle with a smaller battery pack and shorter driving range. A smaller version of the next generation Volt, according to Automobilwoche.

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General Motors Company (GM) to invest $450M in Detroit plant for 2016 Chevy Volt

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General Motors Company (NYSE:GM) has announced that it is expected to update its Detroit-Hamtramck assembly plant by spending $450 million and adding 1,400 new jobs. The car in this case is the updated or redesigned Chevrolet Volt range-extended electric car, which will launch for the model year 2016, according to the Detroit News. The Detroit News cited four sources that are familiar with GM’s plan.

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General Motors has filed 200,000 pages of documents in regards to recall

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General Motors Company has submitted answers to U.S. safety regulators that were sought from the company about a defective ignition switch that was connected to at least 13 deaths.

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General Motors Company (GM) recalls almost 7 million vehicles

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General Motors Company (NYSE:GM) has recalled almost 7 million vehicles this year so far. This is almost as many cars and trucks as it recalled in the U.S. over the last four years combined. 

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Congress says GM failed to fix the defect twice

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General Motors had discussed two separate fixes for an ignition switch defect in 2005, but both of them were cancelled without taking action, according to a memo that was released by the House subcommittee on Sunday.
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