A new report is alleging the University of California–Berkeley failed to disclose millions in undisclosed Chinese funds. Those funds are tied to a renowned university in Beijing, known as “China’s MIT.” While debate continues over whether the money totaled tens or hundreds of millions, the university has a different take, while at the same time…
GM Recalls 42,000 Vehicles in Canada for Air Bag Defect
WASHINGTON—General Motors said on Monday it will recall 42,000 sport utility vehicles in Canada from the 2014 through 2017 model years because the driver’s air-bag inflator may explode during deployment. On Friday, GM recalled 994,763 Buick Enclave, Chevrolet Traverse, and GMC Acadia vehicles in the United States from the 2014–2017 model years with modules produced…
GM Partners With Samsung for a $1 Billion Electric Vehicle Battery Factory
General Motors Co. and Samsung SDI announced plans on Tuesday to build a $3 billion joint-venture electrical vehicle (EV) battery plant in the United States. The news comes as South Korean president Yoon Suk Yeol is in Washington to meet President Joe Biden on what is the first state visit to the United States by…
GM, Ford Strive to Convince Investors: No Price War With Tesla
DETROIT—Detroit automakers General Motors Co. and Ford Motor Co. will try to convince Wall Street when they release first-quarter earnings this week that they will not be dragged into a price war with electric vehicle maker Tesla Inc.. So far, investors remain unconvinced. Shares in GM are down more than 20 percent from their 2023…
‘Park Outside’: GM Recalls 40,000 Pickups to Fix Fire Risk
NEW YORK—General Motors is recalling certain Chevrolet Silverado medium-duty trucks for model year 2019 or later, following the discovery of a potential leak in brake fluid that could result in a fire. Potentially 40,428 vehicles could be affected. They include 4500HD, 5500HD, and 6500HD models with model years between 2019 and 2023, according to documents…
GM Passes Ford to Take No. 2 Spot in EV Sales Behind Tesla
DETROIT—General Motors rode strong first-quarter sales of the Chevrolet Bolt to bump crosstown rival Ford out of second place in the U.S. electric vehicle sales race. But GM’s EV sales of 20,670 were still far below those of industry leader Tesla, which delivered more than 161,000 vehicles in the United States from January to March,…
GM Chief Marketing Officer to Step Down
General Motors said on Tuesday its global chief marketing officer Deborah Wahl had decided to retire effective March 31. The Detroit automaker is one of the largest U.S. advertisers spending $3.3 billion in 2021 on advertising and promotions, according to its annual report. Wahl, a former chief marketing officer at McDonalds who held marketing jobs…
GM Offers Buyouts to Most US Salaried Workers to Trim Costs
DETROIT—General Motors is offering buyouts to most of its U.S. salaried workforce and some global executives in an effort to trim costs as it makes the transition to electric vehicles. The Detroit automaker wouldn’t say how many workers it is targeting, but confirmed that the move is aimed at accelerating attrition to meet a previously…
GM’s Truck Production Cut Signals a Turn in US Auto Sales
DETROIT—New vehicle sales in the United States are expected to increase in February, but the decision by General Motors Co. to cut production of large pickup trucks at a U.S. plant points to new challenges for Detroit’s automakers. The major Detroit pickup truck brands are sitting on growing inventories of unsold vehicles, according to Cox…
GM Reaches Computer Chip Supply Deal With GlobalFoundries
DETROIT—With the global shortage of semiconductors still crimping U.S auto production, General Motors has signed a deal with chipmaker GlobalFoundries to dedicate part of an upstate New York factory to supply the automaker. In a joint statement from the companies Thursday, Malta, New York-based GlobalFoundries said it will expand production capacity inside its Malta plant…
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