Tag Archives: General Motors Company (GM)

General Motors Company (GM) to Enter Indonesian Market With SAIC Motor Corporation Limited (600104) Under Wuling Brand

General Motors Company (GM) to Enter Indonesian Market With SAIC Motor Corporation Limited (600104) Under Wuling Brand

General Motors Company (NYSE:GM) is all set to enter the biggest Southeast Asian automobile market, Indonesia, with its Chinese partner, SAIC Motor Corporation Limited (SHA:600104). Both the companies would invest capital for Wuling vehicle manufacturing plant in the country with the capacity to produce up to 150,000 vehicles per year. Matt Tsien, GM China Chief,

GM Motors Company (GM) Receives 108 Additional Claims on Faulty Switch Ignition

General Motors Company (NYSE:GM) reported an additional 108 claims related to its faulty ignition switch, raising the total number of fatalities at 49 last week, up 4 more than previous tallies. The new claims brings the total to 2,818. The car maker issued massive recalls last year, aiming to repair vehicles equipped with  faulty ignition

GM Motors Company (GM) Protected by Attorney-Client Privilege on Ignition Switch Report Notes: Ruling

General Motors Company (NYSE:GM) is protected by attorney-client privilege regarding the company’s notes on a report on the ignition switch recall, in a ruling on the matter issued by  U.S. District Judge Jesse Furman. The report in question, called “Valukas report”, is a public document,  but the notes on 350 interviews conducted by lawyer Anton

General Motors Company (GM) Forecasts Better Profits for 2015

General Motors Company (NYSE:GM) sees itself in a position for realizing better profit in 2015, after recording a performance for 2014 that was better than it expected. The automaker, which has been plagued with expensive recalls and related compensation settlements that cost it about $2 billion last year, also cites growth in its two largest

General Motors Company (GM) Predicts Strong Growth in 2015 with Better Profit Margins, Aims $9 Billion in Capital Investments

After a disastrous year with 2.6 million recalls, General Motors Company (NYSE:GM) is eyeing better profit margins and growth in 2015. The total charges for the recalls and regulatory settlements stood near $3 billion in 2014. The car manufacturer is ready to increase its capital expenditures to $9 billion in 2015 with experts considering it

Tesla Motors Inc (TSLA) Shares Slip on Declining China Sales

Tesla Motors Inc (NASDAQ:TSLA) shares declined up to 8 percent, or as low as $188 per share,  in after-hours trading on Tuesday,  following announcement of weak performance in China by Tesla CEO Elon Musk. Speaking at the Automotive News World Congress in Detroit, Musk said that sales figures in China was lower than expected. He

General Motors Company (GM)’s Ignition Switch Complaint Tally Goes Up, Plans New Generation Volt Electric Vehicle

It was another busy week for the automobile manufacturer, General Motors Company (NYSE:GM), which received 141 claim applications in its faulty ignition switch compensation fund. The overall tally for compensation applications has reached 2,710, as per the administration records. In addition to it, the automaker is planning to revamp its electric vehicle sales with all-new

General Motors Company (GM) Expects Flattening of U.S. Auto Market but Optimistic for Growth

General Motors Company (NYSE:GM) CEO Mary Barra said in a meeting with reporters Thursday that she is expecting the U.S. auto market to flatten out this year. She noted, however, that a combination of falling oil prices and strong economy should fuel demand. According to Barra, GM is expecting sales in the U.S. to be

General Motors Company (GM) Leads The Auto Industry In Year-Ending Sales, Lower Fuel Prices And Interest Rates Boost Sales

It was an excellent year-end quarter for the automaker companies with General Motors Company (NYSE:GM) outperforming market expectations. This was the best year for the auto manufacturer industry in terms of its sales in December since 2006. General Motors had an excellent year with the increasing sales of its large pickups and sports-utility vehicles. It

General Motors Company (GM) To Pay Additional Compensation Claims for Defective Ignition Switch

General Motors Company (NYSE:GM), through its Ignition Compensation Claims Resolution Facility, have received 64 additional compensation claims as of Monday this week, according to Kenneth Feinberg, the lawyer hired by GM to administer the facility. Latest data shows death claims related to GM’s faulty ignition switch rising to 251, while the number of injury claims