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GM News (NYSE:GM)

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06/24/20163:03AMDJNVW Nears Record Settlement In Scandal -- WSJ
By Mike Spector and Sara Randazzo Volkswagen AG is nearing a $10 billion civil settlement, the largest in the auto industry's history, to compensate U.S. owners of vehicles affected by the German car maker's emissions-cheating scandal, said people familiar with the matter. Under the proposed deal, Volkswagen... More...>>
06/22/20162:51PMBWCORRECTING and REPLACING Hagens Berman: GM Latest Automaker Hit by Diesel Emissions Lawsuits, Chevy Cruze Owners Sue
Class-action lawsuit says Chevy Cruze owners unknowingly bought dirty diesel cars in latest round of Dieselgate Please replace the release with the following corrected version due to multiple revisions to the bulleted information. The corrected release reads:  HAGENS BERMAN: GM LATEST AUTOMAKER HIT BY DIESEL EMISSIONS... More...>>
06/22/20161:50PMDJNKia Tops Car-Quality Survey
Kia Motors Corp. topped an annual U.S. survey of vehicle quality, while Detroit's three auto makers continued making significant gains. Kia became the first non-luxury brand in nearly three decades to nab the top score on J.D. Power's Initial Quality Study, the researcher said Wednesday. The survey, which measures... More...>>
06/22/201612:32PMBWHagens Berman: GM Latest Automaker Hit by Diesel Emissions Lawsuits, Chevy Cruze Owners Sue
Class-action lawsuit says Chevy Cruze owners unknowingly bought dirty diesel cars in latest round of Dieselgate Owners of Chevy Cruze Turbo Diesel vehicles nationwide filed a lawsuit against Chevrolet (a division of General Motors) for allegedly duping thousands of car owners into paying higher prices for vehicles that... More...>>
06/21/20164:50AMDJNSamsung SDI, LG Chem Face Setback in China on Electric-Car Batteries
SEOUL—South Korea's two biggest electric-vehicle battery makers—LG Chem Ltd. and Samsung SDI Co.—have failed to get battery certifications from China, dealing a blow to their plans to expand capacity in the world's largest auto market. LG and Samsung, which control a third of the world's... More...>>
06/17/20162:30PMDJNGM Loosens Terms for Some Suppliers
General Motors Co. will allow roughly 400 parts makers providing components for new vehicles in Mexico and Brazil to periodically renegotiate contracts, an unusual break for suppliers facing financial pressures from rising materials costs and unstable foreign currencies. At least once a year, the parts makers can now renegotiate... More...>>
06/17/20162:20PMDJNGM Loosens Terms for Some Suppliers
By Jeff Bennett General Motors Co. will allow roughly 400 parts makers providing components for new vehicles in Mexico and Brazil to periodically renegotiate contracts, an unusual break for suppliers facing financial pressures from rising materials costs and unstable foreign currencies. At least once a year, the parts... More...>>
06/17/20165:40AMDJNTakata Air-Bag Recall Expands to Honda Cars in China
SHANGHAI—Honda Motor Co. is recalling more than 1 million vehicles in China over faulty Takata Corp.-made air-bag inflaters, the latest fallout from the defective vehicle components. According to a statement posted Friday on the website of the General Administration of Quality Supervision, Inspection and Quarantine... More...>>
06/16/20163:03AMDJNVW Readies New Strategy Shift -- WSJ
Grappling with poor margins and scandal, German auto maker to chart a course change By William Boston BERLIN -- Volkswagen AG Chief Executive Matthias Müller plans to unveil a sweeping restructuring Thursday, the broadest overhaul of the company in decades and part of the car maker's effort to get past its emissions... More...>>
06/15/20163:20PMDJNVolkswagen to Boost Electric Vehicles, Pursue Self-Driving Cars
BERLIN—Volkswagen AG Chief Executive Matthias Mü ller plans to unveil a sweeping restructuring Thursday, the broadest overhaul of the company in decades and part of the car maker's effort to get past its emissions crisis in part by moving aggressively into electric vehicles, self-driving cars and digital... More...>>
06/14/20162:20PMDJNUber to Raise Up to $2 Billion in Leveraged-Loan Market
Uber Technologies Inc. is turning to the so-called leveraged-loan market for the first time to raise as much as $2 billion, in a sign of the popular ride-sharing network's hunger for cash as it expands around the world. Uber has hired Morgan Stanley and Barclays PLC to sell a so-called leveraged loan of $1 billion... More...>>
06/14/201612:50PMDJNDealers Prefer Japanese Auto Makers Over U.S., Survey Says
Owners of American dealerships prefer working with Japanese auto makers even after Detroit's car companies spent heavily to make domestic retail networks more competitive, according to a new industry survey. Dealers rank Toyota Motor Corp.'s Lexus and Toyota franchises as the most valuable and say the Japanese... More...>>
06/13/201612:35PMDJNCorrection to Autonomous-Vehicle Article on Sunday
Jaybridge Robotics Inc. is the name of an autonomous vehicle startup hired by Toyota Motor Corp. "Detroit Battles Startups for Autonomous-Vehicle Talent," published Sunday at 9:51 p.m. ET, misstated the name. (June 13, 2016) (END) Dow Jones Newswires June 13, 2016 12:20 ET (16:20 GMT) Copyright (c) 2016 Dow Jones... More...>>
06/12/201610:21PMDJNDetroit Battles Startups for Autonomous-Vehicle Talent
By Christina Rogers Bibhrajit Halder left the Midwest and a job developing autonomous trucks for Caterpillar Inc. about a year and a half ago to join Ford Motor Co. in the San Francisco Bay Area, where the auto maker is working on self-driving vehicles. The Dearborn, Mich., auto maker, however, soon lost the software engineer... More...>>
06/11/20163:02AMDJNRonald Hall Senior. -- WSJ
By James R. Hagerty After failing as the owner of Bonanza steakhouses in Detroit in the 1980s, Ronald Hall Sr. bounced back to found and run Bridgewater Interiors LLC, a maker of car seats that was No. 3 among U.S. black-owned companies ranked by Black Enterprise in 2015. Bridgewater, a joint venture of Johnson Controls... More...>>
06/10/20162:21PMDJNGM to Invest in Ontario in Bid to Keep Up With Silicon Valley
By Gautham Nagesh General Motors Co. will expand its engineering and software development staff in Ontario, the latest investment in Detroit's spending spree aimed at keeping up with Silicon Valley. The move is another vote of confidence in Ontario's tech-industry credentials, which have been significantly bolstered... More...>>
06/10/20161:28PMDJNRonald Hall Senior. Moved On From Restaurant Flop to Found Car-Seat Maker
By James R. Hagerty After failing as the owner of Bonanza steakhouses in Detroit in the 1980s, Ronald Hall Sr. bounced back to found and run Bridgewater Interiors LLC, a maker of car seats that was No. 3 among U.S. black-owned companies ranked by Black Enterprise in 2015. Bridgewater, a joint venture of Johnson Controls... More...>>
06/10/201611:00AMDJNGM to Invest in Ontario in Bid to Keep Up With Silicon Valley
General Motors Co. will expand its engineering and software development staff in Ontario, the latest investment in Detroit's spending spree aimed at keeping up with Silicon Valley. The move is another vote of confidence in Ontario's tech-industry credentials, which have been significantly bolstered by the University... More...>>
06/10/201610:53AMDJNGM to Invest in Ontario in Bid to Keep Up With Silicon Valley
By Gautham Nagesh General Motors Co. will expand its engineering and software development staff in Ontario, the latest investment in Detroit's spending spree aimed at keeping up with Silicon Valley. The move is another vote of confidence in Ontario's tech-industry credentials, which have been significantly bolstered... More...>>
06/09/20164:20PMDJNGM Gives Some Van Work to Navistar
By Gautham Nagesh and Bob Tita General Motors Co., looking to boost its supply of pickup trucks to keep up with demand and halt declines in market share, is hiring Navistar International Corp. to take over assembly duties on some commercial vans. The agreement, disclosed on Thursday, is a boost for Illinois-based Navistar... More...>>
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