DETROIT, Oct 23 (Reuters) – General Motors Co’s
ability to reverse years of losses in Europe is coming down to
products, not partners.
The U.S. automaker appears to be gaining confidence that it
doesn’t need the help of France’s PSA Peugeot Citroen
or any other partner to stem more than $18 billion in European
losses over the past 13 years.
DETROIT, Oct 21 (Reuters) – Both Volkswagen AG
management and the United Auto Workers union want to see history
play out differently in Tennessee from the last time the German
automaker had a U.S. assembly plant.
While the landscape is very different from 25 years ago, the
legacy of the older plant’s failure is part of the troubled
history the UAW will have to overcome as it tries to represent
VW workers again — this time in Tennessee, where the automaker
employs 2,500 people building Passat sedans.
DETROIT/CHICAGO (Reuters) – A deal over the U.S. budget crisis and government shutdown cannot come soon enough for many companies.
American consumers have put away their wallets, at least temporarily, avoiding purchases of big-ticket items like cars and recreational vehicles while Republican and Democratic Party lawmakers argue over fiscal policy.
DETROIT, Oct 11 (Reuters) – General Motors Co will go
head to head with electric car maker Tesla Motors Inc
starting in January, when a plug-in version of its luxury
Cadillac brand will go on sale.
GM said on Friday its 2014 Cadillac ELR plug-in coupe will
have a starting price of almost $76,000 including delivery fees
- putting it in competition with the similarly priced Tesla
Model S. Federal tax credits could reduce the cost of the ELR to
consumers by up to $7,500.