The sacked Factory workers in India have sued General Motors and also its Global CEO for not paying the court audit compensation, according to a

Fired Indian workers sue GM & Global CEO; GM India owes workers about $3 million in wages

General Motors is recalling 140,000 Chevrolet Bolt EV vehicles. It will happen in North America because carpet here could catch fire after a crash.

World Business Watch: General Motors recalls 140,000 Chevrolet Bolt EVs over risk of catching fire

General Motors said on Wednesday it was recalling 825,000 trucks and SUVs in North America because daytime running lights may not deactivate when the headlights are on.

World Business Watch: General Motors recalls 825,000 trucks, SUVs over headlight issue

The Genetic Engineering Appraisal Committee (GEAC) under the Union environment ministry of India has recommended the environmental release of genetically modified mustard which, according to experts, paves the way for its commercial cultivation.

The move comes amid opposition from green groups which say commercial cultivation of GM mustard could have an adverse impact on human health and food security.

At a meeting on October 18, the GEAC, the country’s regulator for genetically modified organisms, recommended the “environmental release of mustard hybrid DMH-11 for its seed production and testing as per existing ICAR guidelines and other extant rules/regulations before commercial release”.

The transgenic mustard hybrid DMH-11 has been developed by the Centre for Genetic Manipulation of Crop Plants (CGMCP) at Delhi University. &nbsp;The government has so far approved (in 2002) only one GM crop, Bt cotton, for commercial cultivation.

Those supporting commercial cultivation of GM crops say its benefits include greater food security due to increased yields, reduced costs for food production, reduced need for pesticides and resistance to pests and disease. &nbsp;

Kavitha Kuruganti, the founder of the Alliance for Sustainable and Holistic Agriculture, said: “The claim that GM mustard will increase yield is not supported by the data submitted by the crop developers to the regulator.”&nbsp;

Asked if the recommendation for “environmental release” means a go-ahead of commercial cultivation, she said: “It has been approved for commercial release. They (the GEAC) are saying any test needed can be conducted after the environmental release.”&nbsp;

Kuruganti, who is a member of the Coalition for GM-free India, said Union environment minister Bhupender Yadav had earlier voiced his views against GM crops. &nbsp;

“It is the regulator which has given a green signal. The minister should not approve it,” she said. &nbsp;

In a statement issued on Wednesday, the Coalition for a GM-Free India said: “This compromises biosafety in serious and objectionable ways, and we ask the government not to move forward in allowing this dangerous herbicide tolerant food crop in India.”&nbsp;

The coalition had recently written to Yadav that “GM mustard uses the pretext of creating hybrid technology in a plant like mustard but in effect is a herbicide tolerant crop. The entire biosafety assessment of GM mustard so far has not taken this fact into account”. &nbsp;

“Also ignored in the regulatory tests is the fact that a deadly herbicide like glufosinate will be used along with this GMO (there is adequate evidence of adverse impacts of this herbicide on health and environment for this to have raised warning bells for our regulators; this includes the emergence of ‘superweeds’)."

“This showcases a very serious deficiency in our regulatory regime,” the letter dated October 20 read.

GM mustard is a herbicide tolerant and toxic hybrid that will dramatically increase the presence of toxic chemicals in our food and soil and hence, impact health, said Rohin Kynar, Senior Agriculture Campaigner, Greenpeace India.

“There also seem to be serious lapses on the safety assessment protocols adopted for GM mustard as highlighted by GM-free groups — there was no place for environmental risk assessment when the GM mustard application was processed,” he said.

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

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The Genetic Engineering Appraisal Committee (GEAC) under the Union environment ministry of India has recommended the environmental release of genetically modified mustard which, according to experts, paves the way for its commercial cultivation.

The Genetic Engineering Appraisal Committee (GEAC) under the Union environment ministry of India has recommended the environmental release of genetically modified mustard which, according to experts, paves the way for its commercial cultivation. The move comes amid opposition from green groups which say commercial cultivation of GM mustard could have an adverse impact on human health and food security. At a meeting on October 18, the GEAC, the country’s regulator for genetically modified organisms, recommended the “environmental release of mustard hybrid DMH-11 for its seed production and testing as per existing ICAR guidelines and other extant rules/regulations before commercial release”. The transgenic mustard hybrid DMH-11 has been developed by the Centre for Genetic Manipulation of Crop Plants (CGMCP) at Delhi University. The government has so far approved (in 2002) only one GM crop, Bt cotton, for commercial cultivation. Those supporting commercial cultivation of GM crops say its benefits include greater food security due to increased yields, reduced costs for food production, reduced need for pesticides and resistance to pests and disease. Kavitha Kuruganti, the founder of the Alliance for Sustainable and Holistic Agriculture, said: “The claim that GM mustard will increase yield is not supported by the data submitted by the crop developers to the regulator.” Asked if the recommendation for “environmental release” means a go-ahead of commercial cultivation, she said: “It has been approved for commercial release. They (the GEAC) are saying any test needed can be conducted after the environmental release.” Kuruganti, who is a member of the Coalition for GM-free India, said Union environment minister Bhupender Yadav had earlier voiced his views against GM crops. “It is the regulator which has given a green signal. The minister should not approve it,” she said. In a statement issued on Wednesday, the Coalition for a GM-Free India said: “This compromises biosafety in serious and objectionable ways, and we ask the government not to move forward in allowing this dangerous herbicide tolerant food crop in India.” The coalition had recently written to Yadav that “GM mustard uses the pretext of creating hybrid technology in a plant like mustard but in effect is a herbicide tolerant crop. The entire biosafety assessment of GM mustard so far has not taken this fact into account”. “Also ignored in the regulatory tests is the fact that a deadly herbicide like glufosinate will be used along with this GMO (there is adequate evidence of adverse impacts of this herbicide on health and environment for this to have raised warning bells for our regulators; this includes the emergence of ‘superweeds’)." “This showcases a very serious deficiency in our regulatory regime,” the letter dated October 20 read. GM mustard is a herbicide tolerant and toxic hybrid that will dramatically increase the presence of toxic chemicals in our food and soil and hence, impact health, said Rohin Kynar, Senior Agriculture Campaigner, Greenpeace India. “There also seem to be serious lapses on the safety assessment protocols adopted for GM mustard as highlighted by GM-free groups — there was no place for environmental risk assessment when the GM mustard application was processed,” he said. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

India’s biotech regulator recommends environmental release of GM mustard

General Motors’ autonomous driving unit Cruise has developed its own chips for self-driving cars to be deployed by 2025, as they aim to bring down costs and scale up volume.

World Business Watch: GM's Cruise develops its own chips for self-driving cars

Ford motor and general motors will each halt manufacturing next week at a Michigan plant it's due to part shortages. Number two US automaker Ford said it would suspend manufacturing at its Flat Rock Assembly Plant next week where it builds the Mustang.

Ford, GM to halt production in United States

General Motors claims that it plans to expand its hydrogen fuel cell business beyond vehicles by supplying hydrogen-powered generators for uses including at construction sites, music festivals, data centers and the military.

GM targets hydrogen-powered generators to expand fuel cell business

For much of last year, established automakers like General Motors and Ford Motor Co. operated in a different reality from Tesla, the electric car company.

GM and Ford closed one factory after another — sometimes for months on end — because of a shortage of computer chips, leaving dealer lots bare and sending car prices zooming. Yet Tesla racked up record sales quarter after quarter and ended the year having sold nearly twice as many vehicles as it did in 2020, unhindered by an industrywide crisis.

Tesla’s ability to conjure up critical components has a greater significance than one year’s car sales. It suggests that the company, and possibly other young electric car businesses, could threaten the dominance of giants like Volkswagen and GM sooner and more forcefully than most industry executives and policymakers realize. That would help the effort to reduce the emissions that are causing climate change by displacing more gasoline-powered cars sooner. But it could hurt the millions of workers, thousands of suppliers and numerous local and national governments that rely on traditional auto production for jobs, business and tax revenue.

Tesla and its enigmatic CEO, Elon Musk, have said little about how the carmaker ran circles around the rest of the auto industry. Now it’s becoming clear that the company simply had a superior command of technology and its own supply chain. Tesla appeared to better forecast demand than businesses that produce many more cars than it does. Other automakers were surprised by how quickly the car market recovered from a steep drop early in the pandemic and had simply not ordered enough chips and parts fast enough.

When Tesla couldn’t get the chips it had counted on, it took the ones that were available and rewrote the software that operated them to suit its needs. Larger auto companies couldn’t do that because they relied on outside suppliers for much of their software and computing expertise. In many cases, automakers also relied on these suppliers to deal with chip manufacturers. When the crisis hit, the automakers lacked bargaining clout.

Just a few years ago, analysts saw Musk’s insistence on having Tesla do more things on its own as one of the main reasons the company was struggling to increase production. Now, his strategy appears to have been vindicated.

Cars are becoming increasingly digital, defined by their software as much as their engines and transmissions. It’s a reality that some old-line car companies increasingly acknowledge. Many, including Ford and Mercedes-Benz, have said in recent months that they are hiring engineers and programmers to design their own chips and write their own software.

“Tesla, born in Silicon Valley, never outsourced their software. They write their own code,” said Morris Cohen, a professor emeritus at the Wharton School of the University of Pennsylvania who specializes in manufacturing and logistics. “They rewrote the software so they could replace chips in short supply with chips not in short supply. The other carmakers were not able to do that.”

“Tesla controlled its destiny,” Cohen added.

Tesla sold 936,000 cars globally in 2021, an 87% increase for the year. Ford, GM and Stellantis, the company formed from the merger of Fiat Chrysler and Peugeot, all sold fewer cars in 2021 than they did in 2020.

Measured by vehicles delivered globally, Tesla vaulted past Volvo and Subaru in 2021, and some analysts predicted that it could sell 2 million cars this year, as factories in Berlin and Austin, Texas, come online and a plant in Shanghai ramps up production. That would put Tesla in the same league as BMW and Mercedes — something few in the industry thought possible just a couple of years ago.

GM and Ford, of course, sell many more cars and trucks. Both companies said last week that they sold around 2 million vehicles last year just in the United States.

Tesla, which rarely answers questions from reporters, did not respond to a request for comment for this article. It has said little publicly about how it managed to soar in a down market.

“We have used alternative parts and programmed software to mitigate the challenges caused by these shortages,” the company said in its third-quarter earnings report.

The performance is a stark turnaround from 2018, when Tesla’s production and supply problems made it an industry laughingstock. Many of the manufacturing snafus stemmed from Musk’s insistence that the company make many parts itself.

Other car companies have realized that they need to do some of what Musk and Tesla have been doing all along and are in the process of taking control of their onboard computer systems.

Mercedes, for example, plans to use fewer specialized chips in coming models and more standardized semiconductors, and to write its own software, said Markus Schäfer, a member of the German carmaker’s management board who oversees procurement.

In the future, Mercedes will “make sure we have customized, standardized chips in the car,” Schäfer said in an interview Wednesday. “Not 1,000 different chips.”

Mercedes will also design its own vehicle hardware, he said. Without mentioning Tesla, Schäfer added, “Probably some others were earlier going down this road.”

Doing more on its own also helps explain why Tesla avoided shortages of batteries, which have limited companies like Ford and GM from selling lots of electric cars. In 2014, when most carmakers were still debating whether electric vehicles would ever amount to anything, Tesla broke ground on what it called a gigafactory outside Reno, Nevada, to produce batteries with its partner, Panasonic. Now, that factory helps ensure a reliable supply.

“It was a big risk,” said Ryan Melsert, a former Tesla executive who was involved in construction of the Nevada plant. “But because they have made decisions early on to bring things in-house, they have much more control over their own fate.”

As Cohen of Wharton pointed out, Tesla’s approach is in many ways a throwback to the early days of the automobile, when Ford owned its own steel plants and rubber plantations. In recent decades, the conventional auto wisdom had it that manufacturers should concentrate on design and final assembly and farm out the rest to suppliers. That strategy helped reduce how much money big players tied up in factories but left them vulnerable to supply chain turmoil.

It also helps that Tesla is a much smaller company than Volkswagen and Toyota, which in a good year produce more than 10 million vehicles each. “It’s just a smaller supply chain to begin with,” said Melsert, who is now CEO of American Battery Technology Co., a recycling and mining firm.

The Tesla lineup is also more modest and easier to supply. The Model 3 sedan and Model Y SUV accounted for almost all of the company’s sales in 2021. Tesla also offers fewer options than many of the traditional carmakers, which simplifies manufacturing.

“It’s a more streamlined approach,” said Phil Amsrud, a senior principal analyst who specializes in automotive semiconductors at IHS Markit, a research firm. “They are not trying to manage all these different configurations.”

Tesla software, which can be updated remotely, is considered the most sophisticated in the auto business. Even so, the company’s cars likely use fewer chips, analysts said, because the company controls functions like battery cooling and autonomous driving from a smaller number of centralized, onboard computers.

“Tesla has fewer boxes,” Amsrud said. “The fewer the components you need right now, the better.”

Of course, Tesla could still run into problems as it tries to replicate the growth it achieved in 2021 — it is aiming to increase sales about 50% a year for the next several years. The company acknowledged in its third-quarter report that its creative maneuvering around supply chain chaos might not work so well as it increased production and needed more chips and other parts.

The electric vehicle market is also becoming much more competitive as the traditional carmakers belatedly respond with models that people want to buy rather than the small electric vehicles typically made to appease regulators. Ford said this past week that it would nearly double production of the Lightning, an electric version of its popular F-150 pickup truck, because of strong demand. Tesla’s pickup truck won’t go on sale for at least another year.

The outlook for the traditional carmakers is likely to improve this year as shortages of semiconductors and other components ease, and as manufacturers get better at coping.

Tesla vehicles still suffer from quality problems. The company told regulators in December that it planned to recall more than 475,000 cars for two separate defects. One could cause the rearview camera to fail, and the other could cause the front hood to open unexpectedly. And federal regulators are investigating the safety of Tesla’s Autopilot system, which can accelerate, brake and steer a car on its own.

“Tesla will continue to grow,” said Stephen Beck, managing partner at cg42, a management consulting firm in New York. “But they are facing more competition than they ever have, and the competition is getting stronger.”

The carmaker’s fundamental advantage, which allowed it to sail through the chip crisis, will remain, however. Tesla builds nothing but electric vehicles and is unencumbered by habits and procedures that have been rendered obsolete by new technology. “Tesla started from a clean sheet of paper,” Amsrud said.

For much of last year, established automakers like General Motors and Ford Motor Co. operated in a different reality from Tesla, the electric car company. GM and Ford closed one factory after another — sometimes for months on end — because of a shortage of computer chips, leaving dealer lots bare and sending car prices zooming.

For much of last year, established automakers like General Motors and Ford Motor Co. operated in a different reality from Tesla, the electric car company. GM and Ford closed one factory after another — sometimes for months on end — because of a shortage of computer chips, leaving dealer lots bare and sending car prices zooming. Yet Tesla racked up record sales quarter after quarter and ended the year having sold nearly twice as many vehicles as it did in 2020, unhindered by an industrywide crisis. Tesla’s ability to conjure up critical components has a greater significance than one year’s car sales. It suggests that the company, and possibly other young electric car businesses, could threaten the dominance of giants like Volkswagen and GM sooner and more forcefully than most industry executives and policymakers realize. That would help the effort to reduce the emissions that are causing climate change by displacing more gasoline-powered cars sooner. But it could hurt the millions of workers, thousands of suppliers and numerous local and national governments that rely on traditional auto production for jobs, business and tax revenue. Tesla and its enigmatic CEO, Elon Musk, have said little about how the carmaker ran circles around the rest of the auto industry. Now it’s becoming clear that the company simply had a superior command of technology and its own supply chain. Tesla appeared to better forecast demand than businesses that produce many more cars than it does. Other automakers were surprised by how quickly the car market recovered from a steep drop early in the pandemic and had simply not ordered enough chips and parts fast enough. When Tesla couldn’t get the chips it had counted on, it took the ones that were available and rewrote the software that operated them to suit its needs. Larger auto companies couldn’t do that because they relied on outside suppliers for much of their software and computing expertise. In many cases, automakers also relied on these suppliers to deal with chip manufacturers. When the crisis hit, the automakers lacked bargaining clout. Just a few years ago, analysts saw Musk’s insistence on having Tesla do more things on its own as one of the main reasons the company was struggling to increase production. Now, his strategy appears to have been vindicated. Cars are becoming increasingly digital, defined by their software as much as their engines and transmissions. It’s a reality that some old-line car companies increasingly acknowledge. Many, including Ford and Mercedes-Benz, have said in recent months that they are hiring engineers and programmers to design their own chips and write their own software. “Tesla, born in Silicon Valley, never outsourced their software. They write their own code,” said Morris Cohen, a professor emeritus at the Wharton School of the University of Pennsylvania who specializes in manufacturing and logistics. “They rewrote the software so they could replace chips in short supply with chips not in short supply. The other carmakers were not able to do that.” “Tesla controlled its destiny,” Cohen added. Tesla sold 936,000 cars globally in 2021, an 87% increase for the year. Ford, GM and Stellantis, the company formed from the merger of Fiat Chrysler and Peugeot, all sold fewer cars in 2021 than they did in 2020. Measured by vehicles delivered globally, Tesla vaulted past Volvo and Subaru in 2021, and some analysts predicted that it could sell 2 million cars this year, as factories in Berlin and Austin, Texas, come online and a plant in Shanghai ramps up production. That would put Tesla in the same league as BMW and Mercedes — something few in the industry thought possible just a couple of years ago. GM and Ford, of course, sell many more cars and trucks. Both companies said last week that they sold around 2 million vehicles last year just in the United States. Tesla, which rarely answers questions from reporters, did not respond to a request for comment for this article. It has said little publicly about how it managed to soar in a down market. “We have used alternative parts and programmed software to mitigate the challenges caused by these shortages,” the company said in its third-quarter earnings report. The performance is a stark turnaround from 2018, when Tesla’s production and supply problems made it an industry laughingstock. Many of the manufacturing snafus stemmed from Musk’s insistence that the company make many parts itself. Other car companies have realized that they need to do some of what Musk and Tesla have been doing all along and are in the process of taking control of their onboard computer systems. Mercedes, for example, plans to use fewer specialized chips in coming models and more standardized semiconductors, and to write its own software, said Markus Schäfer, a member of the German carmaker’s management board who oversees procurement. In the future, Mercedes will “make sure we have customized, standardized chips in the car,” Schäfer said in an interview Wednesday. “Not 1,000 different chips.” Mercedes will also design its own vehicle hardware, he said. Without mentioning Tesla, Schäfer added, “Probably some others were earlier going down this road.” Doing more on its own also helps explain why Tesla avoided shortages of batteries, which have limited companies like Ford and GM from selling lots of electric cars. In 2014, when most carmakers were still debating whether electric vehicles would ever amount to anything, Tesla broke ground on what it called a gigafactory outside Reno, Nevada, to produce batteries with its partner, Panasonic. Now, that factory helps ensure a reliable supply. “It was a big risk,” said Ryan Melsert, a former Tesla executive who was involved in construction of the Nevada plant. “But because they have made decisions early on to bring things in-house, they have much more control over their own fate.” As Cohen of Wharton pointed out, Tesla’s approach is in many ways a throwback to the early days of the automobile, when Ford owned its own steel plants and rubber plantations. In recent decades, the conventional auto wisdom had it that manufacturers should concentrate on design and final assembly and farm out the rest to suppliers. That strategy helped reduce how much money big players tied up in factories but left them vulnerable to supply chain turmoil. It also helps that Tesla is a much smaller company than Volkswagen and Toyota, which in a good year produce more than 10 million vehicles each. “It’s just a smaller supply chain to begin with,” said Melsert, who is now CEO of American Battery Technology Co., a recycling and mining firm. The Tesla lineup is also more modest and easier to supply. The Model 3 sedan and Model Y SUV accounted for almost all of the company’s sales in 2021. Tesla also offers fewer options than many of the traditional carmakers, which simplifies manufacturing. “It’s a more streamlined approach,” said Phil Amsrud, a senior principal analyst who specializes in automotive semiconductors at IHS Markit, a research firm. “They are not trying to manage all these different configurations.” Tesla software, which can be updated remotely, is considered the most sophisticated in the auto business. Even so, the company’s cars likely use fewer chips, analysts said, because the company controls functions like battery cooling and autonomous driving from a smaller number of centralized, onboard computers. “Tesla has fewer boxes,” Amsrud said. “The fewer the components you need right now, the better.” Of course, Tesla could still run into problems as it tries to replicate the growth it achieved in 2021 — it is aiming to increase sales about 50% a year for the next several years. The company acknowledged in its third-quarter report that its creative maneuvering around supply chain chaos might not work so well as it increased production and needed more chips and other parts. The electric vehicle market is also becoming much more competitive as the traditional carmakers belatedly respond with models that people want to buy rather than the small electric vehicles typically made to appease regulators. Ford said this past week that it would nearly double production of the Lightning, an electric version of its popular F-150 pickup truck, because of strong demand. Tesla’s pickup truck won’t go on sale for at least another year. The outlook for the traditional carmakers is likely to improve this year as shortages of semiconductors and other components ease, and as manufacturers get better at coping. Tesla vehicles still suffer from quality problems. The company told regulators in December that it planned to recall more than 475,000 cars for two separate defects. One could cause the rearview camera to fail, and the other could cause the front hood to open unexpectedly. And federal regulators are investigating the safety of Tesla’s Autopilot system, which can accelerate, brake and steer a car on its own. “Tesla will continue to grow,” said Stephen Beck, managing partner at cg42, a management consulting firm in New York. “But they are facing more competition than they ever have, and the competition is getting stronger.” The carmaker’s fundamental advantage, which allowed it to sail through the chip crisis, will remain, however. Tesla builds nothing but electric vehicles and is unencumbered by habits and procedures that have been rendered obsolete by new technology. “Tesla started from a clean sheet of paper,” Amsrud said.

Why Tesla soared as other automakers struggled to make cars

Amid the ongoing semiconductor shortages globally, Toyota dethrones GM after nearly a century as it sells 2.332 million vehicles in the US in 2021.

Toyota dethrones GM after nearly a century as it sells 2.332 million vehicles in the US in 2021

The two automakers GM and Ford are cutting additional production due to the nagging semiconductor shortage. GM, the largest U.S. automaker, said it will extend by two weeks a halt to Chevrolet Blazer SUV production at its Ramos plant in Mexico because of the ongoing chips shortage as it resumes production at other North American plants.

Production cuts extended due to chips shortage

GM's Super Cruise technology was announced in 2012 and has been used commercially since 2017, the automaker noted in a statement.

GM, Cruise sue Ford over use of BlueCruise name

General Motors announced Friday a second recall of the all-electric Chevrolet&nbsp;Bolt&nbsp;to address a battery defect blamed for recent car fires.

GM cited&nbsp;"two rare manufacturing defects" in the high-voltage batteries, which are produced by LG Chem in South Korea.

The&nbsp;automaker said it will notify 2017-2019&nbsp;Bolt&nbsp;owners when replacement parts are available. The recall affects about 69,000&nbsp;cars&nbsp;globally, including around 51,000 in the United States.

"Out of an abundance of caution, customers should continue to park their vehicles outside immediately after charging and not leave their vehicles charging overnight," GM warned.

The announcement follows a July 14 consumer alert from the National Highway Traffic Safety Administration (NHTSA) urging&nbsp;Bolt&nbsp;owners to park their&nbsp;cars&nbsp;outside and away from homes due to fire risk.

NHTSA said it knew of two recent fires involving the vehicles.&nbsp;According to news reports, one of the recent fires occurred in Vermont and another in New Jersey.

<a href="https://www.wionews.com/world/sales-of-electric-cars-charge-ahead-in-europe-400204">Also read |&nbsp;Sales of electric cars charge ahead in Europe</a>

While the fix is being rolled out, GM directed&nbsp;Bolt&nbsp;owners to adjust vehicle settings to enable a maximum charge of 90 percent.

Customers also were urged to charge their vehicle after each use and avoid letting the charge dip below 70 miles of available range.

This is the second time the company has had to address a fire risk in the&nbsp;cars: GM recalled the same population of vehicles in November 2020.

The recall comes as the manufacturer ramps up its push to remake itself as a leader in electric vehicles. In June, it boosted its capital spending plan by 30 percent to $35 billion through 2025 to accelerate efforts on EVs and autonomous driving technology.

Shares of GM fell 1.2 percent to $54.97 in morning trading, but later recovered some ground.

General Motors announced Friday a second recall of the all-electric Chevrolet Bolt to address a battery defect blamed for recent car fires. GM cited "two rare manufacturing defects" in the high-voltage batteries, which are produced by LG Chem in South Korea.

General Motors announced Friday a second recall of the all-electric Chevrolet Bolt to address a battery defect blamed for recent car fires. GM cited "two rare manufacturing defects" in the high-voltage batteries, which are produced by LG Chem in South Korea. The automaker said it will notify 2017-2019 Bolt owners when replacement parts are available. The recall affects about 69,000 cars globally, including around 51,000 in the United States. "Out of an abundance of caution, customers should continue to park their vehicles outside immediately after charging and not leave their vehicles charging overnight," GM warned. The announcement follows a July 14 consumer alert from the National Highway Traffic Safety Administration (NHTSA) urging Bolt owners to park their cars outside and away from homes due to fire risk. NHTSA said it knew of two recent fires involving the vehicles. According to news reports, one of the recent fires occurred in Vermont and another in New Jersey. Also read | Sales of electric cars charge ahead in Europe While the fix is being rolled out, GM directed Bolt owners to adjust vehicle settings to enable a maximum charge of 90 percent. Customers also were urged to charge their vehicle after each use and avoid letting the charge dip below 70 miles of available range. This is the second time the company has had to address a fire risk in the cars: GM recalled the same population of vehicles in November 2020. The recall comes as the manufacturer ramps up its push to remake itself as a leader in electric vehicles. In June, it boosted its capital spending plan by 30 percent to $35 billion through 2025 to accelerate efforts on EVs and autonomous driving technology. Shares of GM fell 1.2 percent to $54.97 in morning trading, but later recovered some ground.

GM announces 2nd Bolt recall to address fire risk

General Motors is testing a variety of battery chemistries, technologies and manufacturing processes aimed at slashing the cost of future electric vehicle batteries and reducing its dependence on such price-sensitive metals as cobalt.

World Business Watch: GM aims at slashing electric vehicles battery costs

The global semiconductor chip shortage led General Motors to extend production cuts at three North American plants and add a fourth to the list of factories hit.

World Business Watch: GM extends production cuts due to chip shortage

General Motors Co became the latest automaker hit by the global shortage of semiconductor chips as the U.S. automaker said on Wednesday it will take down production next week at four assembly plants.

GM hit by chip shortage, to cut production at four plants

<a href="https://www.wionews.com/business-economy/teslas-musk-greenlights-einhorn-taunt-each-other-on-twitter-261007">Tesla&nbsp;Inc</a> on Thursday unveiled its&nbsp;first&nbsp;pickup&nbsp;truck, delivering on a promise by Chief Executive <a href="https://www.wionews.com/world/elon-musk-unveils-chip-allowing-brain-computer-communication-237060">Elon Musk</a> to build an&nbsp;electric&nbsp;version of America's favourite vehicle and one that threatens the heart of Detroit automakers' profits.

At a launch event in Los Angeles,&nbsp;Tesla&nbsp;Chief Executive Elon Musk said the&nbsp;truck, which looked liked a futuristic armoured vehicle, will have a starting price of $39,900 and a maximum range of 500 plus miles.

"We need sustainable energy now. If we don't have a&nbsp;pickup&nbsp;truck&nbsp;we can't solve it. The top three&nbsp;selling vehicles in America are&nbsp;pickup&nbsp;trucks. To solve sustainable energy, we have to have a&nbsp;pickup&nbsp;truck," he said.

Production is expected to begin in late 2021.

Musk earlier tweeted the design was partly influenced by the Lotus Esprit sportscar that doubled as a submarine in the 1970s 007 films "The Spy Who Loved Me".

The&nbsp;truck&nbsp;marks the&nbsp;first&nbsp;foray by&nbsp;Tesla, whose Model 3 sedan is the world's top-selling battery-electric&nbsp;car, into&nbsp;pickup&nbsp;trucks, a market dominated by Ford Motor Co's F-150, along with models by General Motors Co, and Fiat Chrysler Automobiles NV.

The&nbsp;pickup&nbsp;shifts&nbsp;Tesla&nbsp;more toward&nbsp;trucks and SUVs. The automaker has so far sold mostly Model S and Model 3 sedans, but also offers the Model X SUV and starting next year the Model Y compact SUV.

A focus on the high-performance end of the market is only natural given the success of Ford's 450-horsepower F-150 Raptor&nbsp;truck, which launched in 2009 and whose sales have since risen annually, according to Ford spokesman Mike Levine.

While Ford does not disclose Raptor sales, Levine said annual demand is well above 19,000 vehicles and the number&nbsp;2 US&nbsp;automaker has never&nbsp;had to offer incentives on the model, which costs in the high $60,000 range. Ford also offers the more expensive F-150 Limited, its most powerful and luxurious&nbsp;pickup.

Ford and GM are also gearing up to challenge&nbsp;Tesla&nbsp;more directly with new offerings like the Ford Mustang Mach E&nbsp;electric&nbsp;SUV as well as&nbsp;electric&nbsp;pickups.

Electric&nbsp;pickups and SUVs could help <a href="https://www.wionews.com/entertainment/box-office-ford-v-ferrari-races-to-first-place-charlies-angels-collapses-262840">Ford </a>and GM generate the significant EV sales they will need to meet tougher emission standards and EV mandates in California and other states.

The Trump administration is moving to roll back those standards, but&nbsp;electric&nbsp;trucks are a hedge if California prevails.

Demand for full-size&nbsp;electric&nbsp;pickup&nbsp;trucks in the near term may not be huge, however.

Industry tracking firm IHS Markit estimates the&nbsp;electric&nbsp;truck&nbsp;segment - both full- and mid-sized models - will account for about 75,000 sales in 2026, compared with an expected 3 million light&nbsp;trucks overall. The&nbsp;Tesla&nbsp;truck&nbsp;is not part of that estimate.

Tesla Inc on Thursday unveiled its first pickup truck, delivering on a promise by Chief Executive Elon Musk to build an electric version of America's favourite vehicle and one that threatens the heart of Detroit automakers' profits.

Tesla Inc on Thursday unveiled its first pickup truck, delivering on a promise by Chief Executive Elon Musk to build an electric version of America's favourite vehicle and one that threatens the heart of Detroit automakers' profits. At a launch event in Los Angeles, Tesla Chief Executive Elon Musk said the truck, which looked liked a futuristic armoured vehicle, will have a starting price of $39,900 and a maximum range of 500 plus miles. "We need sustainable energy now. If we don't have a pickup truck we can't solve it. The top three selling vehicles in America are pickup trucks. To solve sustainable energy, we have to have a pickup truck," he said. Production is expected to begin in late 2021. Musk earlier tweeted the design was partly influenced by the Lotus Esprit sportscar that doubled as a submarine in the 1970s 007 films "The Spy Who Loved Me". The truck marks the first foray by Tesla, whose Model 3 sedan is the world's top-selling battery-electric car, into pickup trucks, a market dominated by Ford Motor Co's F-150, along with models by General Motors Co, and Fiat Chrysler Automobiles NV. The pickup shifts Tesla more toward trucks and SUVs. The automaker has so far sold mostly Model S and Model 3 sedans, but also offers the Model X SUV and starting next year the Model Y compact SUV. A focus on the high-performance end of the market is only natural given the success of Ford's 450-horsepower F-150 Raptor truck, which launched in 2009 and whose sales have since risen annually, according to Ford spokesman Mike Levine. While Ford does not disclose Raptor sales, Levine said annual demand is well above 19,000 vehicles and the number 2 US automaker has never had to offer incentives on the model, which costs in the high $60,000 range. Ford also offers the more expensive F-150 Limited, its most powerful and luxurious pickup. Ford and GM are also gearing up to challenge Tesla more directly with new offerings like the Ford Mustang Mach E electric SUV as well as electric pickups. Electric pickups and SUVs could help Ford and GM generate the significant EV sales they will need to meet tougher emission standards and EV mandates in California and other states. The Trump administration is moving to roll back those standards, but electric trucks are a hedge if California prevails. Demand for full-size electric pickup trucks in the near term may not be huge, however. Industry tracking firm IHS Markit estimates the electric truck segment - both full- and mid-sized models - will account for about 75,000 sales in 2026, compared with an expected 3 million light trucks overall. The Tesla truck is not part of that estimate.

Tesla unveils first-ever electric pickup truck

<a href="http://www.wionews.com/world/amazon-exploring-potential-alternatives-to-new-york-hq-report-196143">Amazon.com Inc </a>and <a href="http://www.wionews.com/world/general-motors-cutting-4000-workers-in-latest-round-of-restructuring-195248">General Motors Co</a> are in talks to invest in Rivian Automotive LLC in a deal that would value the <a href="http://www.wionews.com/world/american-media-says-it-acted-lawfully-in-reporting-on-amazons-bezos-196110">US</a> electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday.

The deal would give Amazon and GM minority stakes in Rivian, the sources said. It would be a major boost for the Plymouth, Michigan-based startup, which aspires to be the first carmaker to the US consumer market with an electric pickup.

If the negotiations conclude successfully, a deal could be announced as early as this month, the sources said, asking not to be identified because the matter is confidential. There is always a chance that deal talks fall through, the sources cautioned.

"We admire Rivian's contribution to a future of zero emissions and an all-electric future," GM said in an emailed statement, declining to specifically comment on any talks with Rivian.

Amazon and Rivian declined&nbsp;comment.

The Rivian deal would come as its much larger electric car manufacturing rival, Tesla Inc, struggles to stabilize production and deliver consistent profits as it rolls out its flagship Model 3 sedan.

Tesla CEO Elon Musk told investors last August that an electric pickup is "probably my personal favourite for the next product" from the company, though he has spoken only in general about a potential launch, saying that it would happen "right after" Tesla's Model Y, which the company has targeted to start production in 2020.

'SKATEBOARD' PLATFORM

Rivian intends to begin selling its R1T, the pickup it debuted in November, in the fall of 2020. The company was founded in 2009 by CEO RJ Scaringe.

Scaringe has described the Rivian vehicle's platform as a "skateboard" that packages the drive units, battery pack, suspension system, brakes and cooling system all below wheel height to allow for more storage space and greater stability due to a lower centre of gravity.

He has also said the company plans to partner with outside firms to develop advanced self-driving technology, rather than try to do so on its own.

Big automakers, including GM, have not jumped into the market for electric pickups thus far. GM CEO Mary Barra has said it has given a "tiny bit" of thought to developing all-electric pickups.

The No. 1 US automaker is counting on profit from sales of conventional large pickup trucks and sport utility vehicles in North America to fund its electrification push. GM said last November it was doubling resources allocated to developing electric and self-driving vehicles, as part of a significant restructuring that included ending production at five North American plants.

GM last month announced a strategy to make its luxury Cadillac its lead electric vehicle brand, revealing it would be the first vehicle built on the Detroit automaker’s "BEV3" platform to challenge Tesla. GM has said one of the first fully electric Cadillac models using the new platform would hit the market around 2022.

Amazon has also invested in self-driving car startup Aurora Innovation Inc, in a $530 million funding round announced last week. The world’s largest online retailer has steadily increased its logistics footprint, building warehouses around the world and inking deals with Mercedes as well as cargo airlines to help with delivery.

Rivian's existing financial backers include Saudi auto distributor Abdul Latif Jameel Co (ALJ), Sumitomo Corp of Americas and Standard Chartered Bank. ALJ has agreed to provide almost $500 million in funding, Sumitomo invested an undisclosed amount, and Standard Chartered provided debt financing of $200 million.

Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the US electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday.

Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the US electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday. The deal would give Amazon and GM minority stakes in Rivian, the sources said. It would be a major boost for the Plymouth, Michigan-based startup, which aspires to be the first carmaker to the US consumer market with an electric pickup. If the negotiations conclude successfully, a deal could be announced as early as this month, the sources said, asking not to be identified because the matter is confidential. There is always a chance that deal talks fall through, the sources cautioned. "We admire Rivian's contribution to a future of zero emissions and an all-electric future," GM said in an emailed statement, declining to specifically comment on any talks with Rivian. Amazon and Rivian declined comment. The Rivian deal would come as its much larger electric car manufacturing rival, Tesla Inc, struggles to stabilize production and deliver consistent profits as it rolls out its flagship Model 3 sedan. Tesla CEO Elon Musk told investors last August that an electric pickup is "probably my personal favourite for the next product" from the company, though he has spoken only in general about a potential launch, saying that it would happen "right after" Tesla's Model Y, which the company has targeted to start production in 2020. 'SKATEBOARD' PLATFORM Rivian intends to begin selling its R1T, the pickup it debuted in November, in the fall of 2020. The company was founded in 2009 by CEO RJ Scaringe. Scaringe has described the Rivian vehicle's platform as a "skateboard" that packages the drive units, battery pack, suspension system, brakes and cooling system all below wheel height to allow for more storage space and greater stability due to a lower centre of gravity. He has also said the company plans to partner with outside firms to develop advanced self-driving technology, rather than try to do so on its own. Big automakers, including GM, have not jumped into the market for electric pickups thus far. GM CEO Mary Barra has said it has given a "tiny bit" of thought to developing all-electric pickups. The No. 1 US automaker is counting on profit from sales of conventional large pickup trucks and sport utility vehicles in North America to fund its electrification push. GM said last November it was doubling resources allocated to developing electric and self-driving vehicles, as part of a significant restructuring that included ending production at five North American plants. GM last month announced a strategy to make its luxury Cadillac its lead electric vehicle brand, revealing it would be the first vehicle built on the Detroit automaker’s "BEV3" platform to challenge Tesla. GM has said one of the first fully electric Cadillac models using the new platform would hit the market around 2022. Amazon has also invested in self-driving car startup Aurora Innovation Inc, in a $530 million funding round announced last week. The world’s largest online retailer has steadily increased its logistics footprint, building warehouses around the world and inking deals with Mercedes as well as cargo airlines to help with delivery. Rivian's existing financial backers include Saudi auto distributor Abdul Latif Jameel Co (ALJ), Sumitomo Corp of Americas and Standard Chartered Bank. ALJ has agreed to provide almost $500 million in funding, Sumitomo invested an undisclosed amount, and Standard Chartered provided debt financing of $200 million.

Amazon, GM in talks to invest in electric pickup truck maker Rivian: Sources

US President Donald Trump threatened on Tuesday to eliminate subsidies for General Motors Co in retaliation for the <a href="http://www.wionews.com/business-economy/general-motors-says-cutting-15-of-workforce-to-save-6-billion-179614">automaker cutting US jobs and plants</a>, and the automaker also took fire from Canadian political and labour leaders for cutbacks there.

"The US saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including ... for electric cars," Trump said on Twitter.

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Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico &amp; China. The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all <a href="https://twitter.com/GM?ref_src=twsrc%5Etfw">@GM</a> subsidies, including....
— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1067494680416407552?ref_src=twsrc%5Etfw">November 27, 2018</a></blockquote>
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....for electric cars. General Motors made a big China bet years ago when they built plants there (and in Mexico) - don’t think that bet is going to pay off. I am here to protect America’s Workers!
— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1067494682249318402?ref_src=twsrc%5Etfw">November 27, 2018</a></blockquote>
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Trump`s harsh words rattled investors, who bid down GM shares by 2.6 per cent on Tuesday after sending them up on Monday in response to the automaker`s cost-cutting. Separately, Canadian Prime Minister Justin Trudeau called Trump to discuss GM`s actions, according to union leaders.

The wrath of the leaders of the United States and Canada dramatized the challenges GM and its Detroit rivals will face as they restructure to cope with the most dramatic technology and market shifts in decades.

Trump has made boosting auto jobs a key priority during his almost two years in office and has often attacked automakers on Twitter for not doing enough to boost US employment. The president on Tuesday escalated his attacks on GM`s plan to cut 15,000 jobs and mothball five North American factories, including four in the United States. Among the four US factories on the block is a car factory in northeast Ohio, a state critical to victory in the 2020 presidential campaign.

GM electric vehicles are eligible for a $7,500 tax credit under federal law, but it is not clear how the administration could restrict those credits or if Trump had other subsidies in mind.&nbsp;

GM said in a statement following Trump`s comments that it was "committed to maintaining a strong manufacturing presence" in the United States after investing $22 billion in operations here since 2009 and will add new jobs in electrification and autonomous vehicles.

The cuts will "position the company for long-term success and maintain and grow American jobs," GM said, adding that many workers at impacted plants will be able to move to other GM factories.

GM Chief Executive Mary Barra spoke to Trump over the weekend to discuss the cuts and was at the White House on Monday to meet with economic adviser Larry Kudlow.

Kudlow told reporters Tuesday that the administration had helped GM with fuel efficiency standards and other regulations.

"We’ve done this to help you and I think his disappointment is, it seems like that they kind of turned his back on him," Kudlow said.

WORKERS DISCUSSING "MASS ACTIONS"

Trump also criticized GM for not closing facilities in Mexico or China.

&nbsp;"General Motors made a big China bet years ago when they built plants there (and in Mexico) - don’t think that bet is going to pay off. I am here to protect America’s Workers!" Trump wrote on Twitter.

GM currently builds just one vehicle in China that it exports to the United States - the Buick Envision and has sold about 22,000 through September. GM sold nearly 2.7 million vehicles in China through September, nearly all of them built in China for the market.&nbsp;

White House spokesman Sarah Sanders told reporters on Tuesday that the president is looking at options.&nbsp;

"The president wants to see American companies build cars here in America not build them overseas and he is hopeful that GM will continue to do that here," she said.

GM has been lobbying Congress, along with Tesla Inc, to lift the current cap on electric vehicles eligible for tax credits, but any action by Congress before 2019 is a long-shot, congressional aides said.

Under current law, once a manufacturer sells 200,000 electric vehicles, the tax credit phases out starting in the following quarter. GM has said it expects to hit the 200,000-vehicle threshold by the end of the year and Tesla hit the cap in July.&nbsp;

In Canada, workers returned to the assembly line at General Motors` Oshawa, Ontario, plant on Tuesday, as their union president met with Prime Minister Trudeau and said he was ready for "mass actions" at GM facilities.&nbsp;

GM said on Monday that the Oshawa plant would close in December 2019.&nbsp;

"We`re dealing with a corporation that doesn`t have any respect for Canadian and American workers, and I think we should treat them in the same vein," said Jerry Dias, national president of Unifor, which represents GM workers in Canada.

Dias said he would meet with the United Auto Workers on Wednesday and discuss the possibility of "mass actions" in GM plants across the two countries.

Dias floated the idea of a tariff on GM vehicles built in Mexico, saying a 40 per cent tariff would get the company`s attention.&nbsp;

US President Donald Trump threatened on Tuesday to eliminate subsidies for General Motors Co in retaliation for the automaker cutting US jobs and plants, and the automaker also took fire from Canadian political and labour leaders for cutbacks there.

US President Donald Trump threatened on Tuesday to eliminate subsidies for General Motors Co in retaliation for the automaker cutting US jobs and plants, and the automaker also took fire from Canadian political and labour leaders for cutbacks there. "The US saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including ... for electric cars," Trump said on Twitter. Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico & China. The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including.... — Donald J. Trump (@realDonaldTrump) November 27, 2018 × ....for electric cars. General Motors made a big China bet years ago when they built plants there (and in Mexico) - don’t think that bet is going to pay off. I am here to protect America’s Workers! — Donald J. Trump (@realDonaldTrump) November 27, 2018 × Trump`s harsh words rattled investors, who bid down GM shares by 2.6 per cent on Tuesday after sending them up on Monday in response to the automaker`s cost-cutting. Separately, Canadian Prime Minister Justin Trudeau called Trump to discuss GM`s actions, according to union leaders. The wrath of the leaders of the United States and Canada dramatized the challenges GM and its Detroit rivals will face as they restructure to cope with the most dramatic technology and market shifts in decades. Trump has made boosting auto jobs a key priority during his almost two years in office and has often attacked automakers on Twitter for not doing enough to boost US employment. The president on Tuesday escalated his attacks on GM`s plan to cut 15,000 jobs and mothball five North American factories, including four in the United States. Among the four US factories on the block is a car factory in northeast Ohio, a state critical to victory in the 2020 presidential campaign. GM electric vehicles are eligible for a $7,500 tax credit under federal law, but it is not clear how the administration could restrict those credits or if Trump had other subsidies in mind. GM said in a statement following Trump`s comments that it was "committed to maintaining a strong manufacturing presence" in the United States after investing $22 billion in operations here since 2009 and will add new jobs in electrification and autonomous vehicles. The cuts will "position the company for long-term success and maintain and grow American jobs," GM said, adding that many workers at impacted plants will be able to move to other GM factories. GM Chief Executive Mary Barra spoke to Trump over the weekend to discuss the cuts and was at the White House on Monday to meet with economic adviser Larry Kudlow. Kudlow told reporters Tuesday that the administration had helped GM with fuel efficiency standards and other regulations. "We’ve done this to help you and I think his disappointment is, it seems like that they kind of turned his back on him," Kudlow said. WORKERS DISCUSSING "MASS ACTIONS" Trump also criticized GM for not closing facilities in Mexico or China. "General Motors made a big China bet years ago when they built plants there (and in Mexico) - don’t think that bet is going to pay off. I am here to protect America’s Workers!" Trump wrote on Twitter. GM currently builds just one vehicle in China that it exports to the United States - the Buick Envision and has sold about 22,000 through September. GM sold nearly 2.7 million vehicles in China through September, nearly all of them built in China for the market. White House spokesman Sarah Sanders told reporters on Tuesday that the president is looking at options. "The president wants to see American companies build cars here in America not build them overseas and he is hopeful that GM will continue to do that here," she said. GM has been lobbying Congress, along with Tesla Inc, to lift the current cap on electric vehicles eligible for tax credits, but any action by Congress before 2019 is a long-shot, congressional aides said. Under current law, once a manufacturer sells 200,000 electric vehicles, the tax credit phases out starting in the following quarter. GM has said it expects to hit the 200,000-vehicle threshold by the end of the year and Tesla hit the cap in July. In Canada, workers returned to the assembly line at General Motors` Oshawa, Ontario, plant on Tuesday, as their union president met with Prime Minister Trudeau and said he was ready for "mass actions" at GM facilities. GM said on Monday that the Oshawa plant would close in December 2019. "We`re dealing with a corporation that doesn`t have any respect for Canadian and American workers, and I think we should treat them in the same vein," said Jerry Dias, national president of Unifor, which represents GM workers in Canada. Dias said he would meet with the United Auto Workers on Wednesday and discuss the possibility of "mass actions" in GM plants across the two countries. Dias floated the idea of a tariff on GM vehicles built in Mexico, saying a 40 per cent tariff would get the company`s attention.

After US job cuts, Trump threatens to stop all GM subsidies

US President-elect Donald Trump on Thursday targeted Japanese auto giant Toyota Motors for its plan to build Corolla cars for the US market at a plant in Mexico.&nbsp;

&quot;Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for US. NO WAY! Build plant in US or pay big border tax,&quot; Trump said in a post on Twitter.&nbsp;

Toyota, which announced its plan to build the Mexican facility in April 2015, had no immediate comment.

Following Trump&#39;s tweet, the automaker&#39;s stock on the US market, fell 0.5 percent to $120.45 on the New York Stock Exchange.

This was Trump&#39;s latest broadside against automakers building cars in Mexico.

Toyota President Akio Toyoda said in Japan on Thursday that the automaker has no immediate plans to curb production in Mexico, preferring to wait until after Trump`s January 20 inauguration before deciding whether to make any changes.

Earlier, US car maker Ford Motors had decided to scrap its plant in Mexico and said it will create jobs in US by investing $700 million in its plant in Michigan.

Trump has also said General Motors could become subject to tariffs on Mexico-made cars for the US market.

(Reuters)

Earlier, US car maker Ford Motors had decided to scrap its plant in Mexico following Trump's criticism

US President-elect Donald Trump on Thursday targeted Japanese auto giant Toyota Motors for its plan to build Corolla cars for the US market at a plant in Mexico. "Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for US. NO WAY! Build plant in US or pay big border tax," Trump said in a post on Twitter. Toyota, which announced its plan to build the Mexican facility in April 2015, had no immediate comment. Following Trump's tweet, the automaker's stock on the US market, fell 0.5 percent to $120.45 on the New York Stock Exchange. This was Trump's latest broadside against automakers building cars in Mexico. Toyota President Akio Toyoda said in Japan on Thursday that the automaker has no immediate plans to curb production in Mexico, preferring to wait until after Trump`s January 20 inauguration before deciding whether to make any changes. Earlier, US car maker Ford Motors had decided to scrap its plant in Mexico and said it will create jobs in US by investing $700 million in its plant in Michigan. Trump has also said General Motors could become subject to tariffs on Mexico-made cars for the US market. (Reuters)

Trump targets Toyota on plans to make cars for US in Mexico

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