July 25, 2014

July 24, 2014

  • Given General Motors' steady stream of recalls this year (including a single day with around 8.4 million vehicles needing repair), it's not a huge surprise that the cost to deal with all of the problems will be high. However, few analysts expected the tab to be this steep. In the General's just-announced second-quarter financial filing, it revealed that net income for the quarter was just $200 million, compared to 1.2 billion in Q2 2013 - a drop of over 80 percent. To put this in proper...
  • General Motors CEO Mary Barra will deliver a keynote speech opening a five-day conference on the future of intelligent transportation in Detroit in September as the issue takes growing importance.
  • Buick’s future may include a convertible and new mid-size SUV, writes Automotive News. The General Motors marque has seen sales rise 13 percent in the first half of 2014, and the brand wants to[...]
  • Grim as things may be at Detroit's Renaissance Center, General Motors is soldiering on, thanks in part to a change in its state tax credit from the Michigan Strategic Fund. The amendment could lead to $800 million in new investments in the state, as well as 1,750 new jobs. According to The Detroit News, the amendment boosts the number of jobs eligible for the state tax credit at the company's Warren Technical Center from 5,000 to 6,750, leading to speculation that the new positions will be...

July 23, 2014

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10:09am July 26-5:00 GMT