Greg Martin News
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General Motors Co., profitable for 13 consecutive quarters, is planning to invest about $16 billion on U.S. factories and facilities through 2016, more than it will spend in China, the company said.
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General Motors Co., the largest carmaker in the U.S., is shifting its center of gravity to China, where it sells more cars and now invests more money.
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Sheila Cockrel remembers one early sign of Detroit’s decline: The retailer J.L. Hudson’s turned off the lights on floor after empty floor as shoppers abandoned the world’s tallest department store for new suburban malls.
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Republican presidential nominee Mitt Romney, attacking President Barack Obama for his auto industry policies as he battles for votes in Ohio, is drawing pointed rebuttals from General Motors Co. and Chrysler Group LLC, which are being pulled into the election against their will.
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General Motors Co., the largest U.S. automaker, denied today that it is seeking increased compensation for Chief Executive Officer Dan Akerson a day after reports that the company proposed an $11.1 million package.
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Michigan Governor Rick Snyder plans to put a state manager in charge of ending Detroit’s fiscal crisis, stripping power from officials of a withered city that in 1940 was the nation’s fourth biggest and a seat of industry.
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Mitsubishi Corp. will pay partner Murchison Metals Ltd. A$325 million ($315 million) in cash for stakes in two ventures, giving Japan’s largest trader control of an iron ore mine and a rail and port project in Australia.
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General Motors Co. and Walgreen Co. are the latest companies to end their membership in the American Legislative Exchange Council, a public policy organization that championed “Stand Your Ground” gun laws that gained public attention after a Florida killing.
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General Motors Co.’s electric plug- in hybrid Chevrolet Volt is the subject of a U.S. safety probe after its lithium-ion batteries, supplied by LG Chem Ltd., caught fire in crash tests.
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U.S. auto-safety regulators said they’ll scrap a proposed rule to require some car windows to automatically reverse if something such as a hand or head is in their way.
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