General Motors (GM) plans on shutting down its manufacturing plant in Ecuador this Friday, effectively pulling out of operations in the country. The step has been made as GM has recently experienced growth in competition from local auto makers and after the company’s statement made in April when GM decided to cease production not only in Ecuador but also in its neighboring state – Colombia.

General Motors Ecuador factory shuts down amid market pressures

General Motors (GM) has been recently instructed by a federal appeals court to address a class action complaint that accused the company of supplying the market with hundreds of thousands of automobiles, trucks, and SUVS with an ineffective transmission system.

GM ordered to face class action over faulty transmissions

A federal appeals court has mandated that General Motors (GM) must confront a class action lawsuit alleging the company violated laws in 26 U.S. states by knowingly selling hundreds of thousands of vehicles with defective transmissions.

GM to face big class action over faulty transmissions

General Motors announced on Monday that it is implementing a significant workforce reduction, affecting over 1,000 salaried positions within its software and service divisions globally.

GM lays off over 1,000 salaried software, services employees

GM reiterated it will continue to post profits consistently and run China on an autonomous profit-making model on Thursday amid soaring competition from Chinese automotive firms.

GM affirms commitment to China operations despite challenges

Cruise, the self-driving technology division of General Motors is planning to resume its fully autonomous ride services later in the current year, with intentions to begin charging fares for these services by the beginning of 2025, according to a report by Bloomberg News.

GM's Cruise to start charging for robotaxi rides from 2025, says reports

General Motors (GM), one of the world's largest automakers, has recently revised its stance on its previously announced electric vehicle (EV) production targets for North America.

General Motors no longer committing to 1 million EVs by 2025

General Motors (GM), a titan in the automotive industry, has released its Q2 report for 2024, revealing a complex picture of both growth and challenges. The company and its dealers delivered 696,086 vehicles in the U.

General Motors reports mixed Q2 results amidst shifting market trends

General Motors' defense subsidiary, GM Defense, is making significant strides in advancing military technology by harnessing the potential of GM's innovative Ultium Platform propulsion architecture.

GM Defense introduces battery electric technology for future military platforms

On Tuesday, General Motors said Marc Whitten, a technology executive with video game industry background, will step in as CEO of Cruise, its autonomous vehicle unit.

General Motors appoints new CEO to steer troubled Cruise robotaxi unit

General Motors Financial Company Inc., a division of General Motors’ internet reserve has revealed the pulling out of the Interagency Charter and Federal Deposit Insurance Application regarding GM Financial Bank from the FDIC.

GM Financial Bank withdraws its application for deposit insurance

General Motors (GM) has initiated legal proceedings against the city of San Francisco, seeking to recover over $100 million, alleging an unjustly inflated tax bill.

General Motors sues San Francisco for $121 mn over alleged tax overcharge

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Guyana-Venezuela tensions: How oil discovery revived Essequibo crisis On December 15, Guyana and Venezuela agreed to resolve the Essequibo dispute without the use of force.

WION Business Wrap | Guyana-Venezuela tensions, The Dollar’s 5-month low, General Motors & more

After firing nine senior executives, GM's cruise is continuing its restructuring of the struggling autonomous car industry by laying off 24% of its workforce. President Mo Elshenawy sent a note to staff on thursday informing them of the layoffs.

GM’s Cruise slashes 24% of its workforce | World Business Watch

General Motors' (GM) labour deal with the United Auto Workers (UAW) has been ratified, marking a significant victory for workers, Reuters reported on Thursday. The approval comes after an intense six-week campaign involving coordinated strikes across all three Detroit Three automakers.

General Motors workers ratify labour deal, UAW eyes similar outcomes at Ford and Stellantis

The strike of the US auto workers union expanded against two of Detroit's "Big Three" on Friday (September 22), as they invited President Joe Biden to extend support to workers on the picket line.

Strike of US auto workers reaches General Motors, Stellantis; Ford remains unaffected

More of the united auto workers (UAW) workers will begin a strike at the sites of General Motors, Ford Motor, and Stellantis NV on Friday at noon if significant progress is not made toward new labour contracts.

UAW issues strike ultimatum to big three automakers | World Business Watch

Workers affiliated with the United Auto Workers (UAW) union have begun staging strikes at three US assembly plants owned by General Motors, Ford Motor and Stellantis, from Friday morning (Sept 15).

US: United Auto Workers strikes at General Motors, Ford Motor and Stellantis plants

Hyundai Motor Co's Indian unit will buy automaker General Motors' Talegaon plant in the western state of Maharashtra, a move that will allow the U.S. automaker to exit the country as well increase Hyundai's annual production.

Hyundai Motor's unit to buy General Motors' India Talegaon plant in Maharashtra

American automotive manufacturer General Motors (GM) said on Friday (May 12) that it was recalling nearly one million Sport Utility Vehicles (SUVs) in the United States over faulty airbag inflators, according to American media reports.

GM recalls nearly one million SUVs in US over faulty airbag inflators: Reports

After a driverless Cruise Car collided with a San Francisco Municipal Transit Authority bus on March 23, General Motors Cruise LLC is recalling the automated driving software in 300 vehicles. The crash was caused by a cruise autonomous vehicle's software error, which incorrectly predicted the bus's movement.

General Motors' cruise recalls RobotAXI software in 300 vehicles after crash

General Motors proposed a voluntary separation program to lower costs. Now, around 5,000 workers and executives have taken the company's buyout offer to leave the company that brings GM closer to achieving its two billion dollars cost cutting target.

GM's plan: Employee buyouts, not job cuts, a step to cut $2 billion in costs | World Business News

In order to reduce costs, General Motors is cutting hundreds of Executive level and salary jobs in U.S. However, the reports added that the global reductions are in low hundreds and a cost-saving target of $2 billion will be achieved by reducing corporate expenses overhead and complexity in products.

US: General Motors on cost-cutting drive, cuts hundreds of jobs | World Business News

There has been a growing trend in the automotive industry towards cost-cutting measures and streamlining operations. General Motors' announcement of cutting executive-level and broader jobs is part of the automaker's efforts to reduce its structural costs and enhance efficiency.

General Motors cuts jobs, joins big tech firms' lower costs plan

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