Angry over cutbacks, Trump threatens to end subsidies to GM
President Donald Trump threatened Tuesday to cut off all federal subsidies to General Motors because of its planned massive cutbacks in the United States.
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General Motors to slash 14,700 jobs in North America, close plants
The nation’s largest automobile manufacturer said it could close up to five plants and eliminate several car models.
GM recalls more than 1M pickups, SUVs for power steering problem
GM said the power steering can fail momentarily during a voltage drop and suddenly return, mainly during low-speed turns. Such a failure increases the risk of a crash.
Indianapolis consulting firm acquired by Cincinnati company
Indianapolis-based Allegiant International has seen tremendous growth in recent years thanks to its supply-chain work with General Motors.
Honda, GM to develop electric vehicle batteries together
The companies will collaborate based on GM’s next-generation battery system, both sides said, mainly for the North American market.
Auto parts firm plans Fort Wayne expansion, adding 313 workers
Android Industries provides components for the nearby General Motors truck assembly plant.
Supreme Court turns away GM appeal over ignition switches
General Motors Co. was seeking to block dozens of lawsuits over faulty ignition switches that could expose the company to billions of dollars in additional claims.
UPDATE: GM to add or keep 7,000 jobs, make $1B factory investment
General Motors plans to invest $1 billion in U.S. factories and add thousands of white-collar jobs, measures that have been in the works for years but announced Tuesday after criticism from President-elect Donald Trump.
GM laying off over 2,000 at 2 Midwest car plants
General Motors also announced that it would invest more than $900 million in three plants to prepare for undisclosed new vehicles, including a plant in Indiana that has about 870 employees.
Former GM factory site in Indiana to get $4 million cleanup
The work will concentrate on a 1-acre Anderson site where officials say tests have found the carcinogenic solvent trichloroethylene, or TCE.
UPDATE: GM expected to invest $90 million in Indiana plant
General Motors officials are set to announce what is expected to be a major investment at an Indiana factory that will allow it to retain more than 1,400 jobs.
Court ruling opens GM to billions in death, injury claims
A federal appeals court ruling that General Motors can't use its 2009 bankruptcy to fend off lawsuits over faulty and dangerous ignition switches exposes the automaker to billions in additional liabilities, according to legal experts.
U.S. auto sales headed for best month in 10 years
The increases showed that Americans are still buying cars and trucks in big numbers, despite predictions by some analysts and dealers that sales have peaked.
Automakers post healthy February sales gains
Automakers posted big U.S. sales gains in February as consumers returned to showrooms after a snowy January.
Ruling could expose GM to large verdicts in ignition cases
A federal bankruptcy judge has ruled that people suing General Motors over faulty ignition switches can seek punitive damages that could cost the company millions of dollars or more.
UAW leaders approve proposed labor contract with GM
United Auto Workers leaders have approved a proposed contract with General Motors Co. that promises raises, improvements in health care and a hefty signing bonus.
UAW, General Motors reach contract agreement
The United Auto Workers union and General Motors Co. have reached a last-minute tentative agreement on a new four-year contract, avoiding a strike for now.
Remy buyer played hardball leading up to $950M deal
Pendleton-based auto-parts maker Remy International Inc. did squeeze some extra cash out of its acquirer, Auburn Hills, Michigan-based BorgWarner Inc.—but not a lot.
GM poised to reveal big investment at Fort Wayne-area plant
GM previously said it was considering upgrading the truck assembly plant to build its next generation of pickup trucks. The Allen County Council voted in October to approve a 10-year tax abatement that would save GM more than $15 million on a possible $1 billion investment in equipment and related improvements.
Accolades all around as Allison owners exit
Private equity firms Carlyle Group and Onex Group fared well on their purchase of Indianapolis-based Allison Transmission, with the $763 million each put into the 2007 deal more than tripling in value.