Posts Tagged ‘General Motors Co’

GM posts steep sales drop on dialled-back discounts

By BLOOMBERG
SOUTHFIELD • General Motors Co’s (GM) sales fell about 13% in August as the automaker pulled back on sales incentives, especially for ...

Toyota said to target tripling China production over next decade

Asia’s largest automaker is targeting to manufacture 3.5m vehicles annually in China by 2030
By BLOOMBERG TOKYO • Toyota Motor Corp ...

Toyota raises bet on self-driving cars by lifting Uber stake

It is transforming into a mobility-services provider, with CEO warning that the paradigm shift has become a life-or-death battle ...

Subaru, Toyota expect ‘big impact’ from US tax

By BLOOMBERG
TOKYO • Subaru Corp reported a sales slide in the US, its largest market, and predicted a “big impact” from US President Donald Trump’s ...

GM, Ford earnings to be hit by trade woes

By BLOOMBERG
NEW YORK • The US auto sector has suffered a bumpy ride so far this year, and the road isn’t expected to get much smoother any time soon. ...

Peugeot’s owner PSA turns around Opel

PSA under CEO Tavares is reaping the benefits of pushing Opel’s labour unions to accept job losses
By BLOOMBERG PARIS • A year ...

China’s latest move on trade is a massive cut to car tariffs

China’s levy will be lowered effective July 1 from the current 25% that has been in place for more than a decade
by BLOOMBERG BEIJING • China will cut ...
GM Cadillac escalade

GM rolls out US$10,000 discount on Escalade to fend off Navigator

It is ‘an exclusive private offer’ designed to ‘keep people in the family’
By KEITH NAUGHTON & DAVID WELCH / Pic By BLOOMBERG In Cadillac and ...

GM firing 1,500 workers undermines Trump’s boasts on auto jobs

by BLOOMBERG
MICHIGAN • General Motors Co (GM) will fire as many as 1,500 workers at the end of June at the Ohio factory building the Chevrolet Cruze ...

Tesla at risk from China tariffs on electric cars

By BLOOMBERG
BEIJING • Tesla Inc needs to brace for another setback after China included electric cars among American products that it’s targeting with ...

GM throws wrench in US auto sales by deserting monthly reports

By BLOOMBERG
SINGAPORE • General Motors Co (GM) will end a 25-year-long practice of disclosing monthly vehicle-sales results and shift to quarterly ...

GM Korea threatens union with bankruptcy

By BLOOMBERG
SEOUL • General Motors Co (GM) said it intends to file its South Korean unit for bankruptcy if its labour union fails to agree on a ...