General Motors India

GM invests $4 bn in US plants, shifts production to avoid tariffs

Taken together, the investments will allow GM to produce more than 2 million vehicles in the US each year

GM posts strong Q1, but will reassess expectations for 2025 due to tariffs

General Motors posted strong financial results for its first quarter on Tuesday, but says it will reassess its expectations for 2025 due to auto tariffs. The automaker is pushing back its conference call to discuss its guidance and quarterly results until Thursday, so that it can assess potential tariff changes. GM said that its initial full-year financial forecast doesn't contemplate the potential impact of tariffs. In January the company announced that it anticipated 2025 adjusted earnings in a range of USD 11 to USD 12 per share. Late Monday The Wall Street Journal reported that President Donald Trump will possibly be dialling back on automotive tariffs, with anonymous sources claiming that he'll stop duties on foreign-made cars from piling on top of other tariffs he implemented and easing some levies on foreign parts used to make cars in the US. General Motors earned USD 2.78 billion, or USD 3.35 per share, for the three months ended March 31. A year earlier it earned USD 2.98

GM to retreat from robotaxi operations once championed by CEO Mary Barra

While GM will still develop autonomous technology, it's a big retrench for the company

GM recalls 449K SUVs, pickups over faulty low brake fluid warning light

General Motors is recalling more than 449,000 of its SUVs and pickup trucks because the electronic brake control module software may fail to display a warning light when a loss of brake fluid takes place. The National Highway Traffic Safety Administration said Friday that the recall includes certain 2023-2024 Cadillac Escalade and Escalade ESVs, 2023 Chevrolet Silverado 1500, 2023-2024 Chevrolet Tahoe and Suburban 1500, 2023 GMC Sierra 1500, 2023-2024 GMC Yukon and Yukon XL models. The agency said that without the warning light, a vehicle may be driven with low brake fluid, which can reduce braking performance and increase the risk of a crash. A free software update will be provided to vehicle owners. Owner notification letters are expected to be mailed Oct 28. Vehicle owners can contact GMC customer service at 1-800-462-8782, Chevrolet customer service at 1-800-222-1020, or Cadillac customer service at 1-800-458-8006.

GM close to exiting India, Talegaon workers accept separation offer

General Motors India ended the labour standoff after the Bombay High Court dismissed two petitions by the employees' union

GM's Cruise hardware chief resigns in latest exit post operation suspension

Jenkins, the senior vice president for autonomous vehicle platforms, is leaving after six years with the company, he said in a post on LinkedIn

Hyundai completes Talegaon plant acquisition, to invest Rs 6,000 cr in Maha

Hyundai Motor India on Friday said it has completed the acquisition of General Motors India's manufacturing plant at Talegaon in Maharashtra. The country's second-largest carmaker also announced that it will invest Rs 6,000 crore in Maharashtra as part of an agreement inked between the company and the state government in Davos. The acquisition of the Talegaon facility has been completed after the fulfilment of certain conditions and the receipt of regulatory approvals from relevant government authorities and relevant stakeholders, Hyundai Motor India said in a statement. "India is a very important market for Hyundai Motor Company, and we are committed to provide benchmark creating products and technologies to Indian customers," Hyundai Motor India Ltd (HMIL) MD & CEO Un Soo Kim said. As the company looks forward to the next decade of progress, it is critical to augment manufacturing capacity in India, he added. "The Talegaon manufacturing plant will play the role of a catalyst in

Bombay High Court junks pleas challenging closure of Talegaon plant

The High Court upheld the decision of the Industrial Tribunal allowing GMI to close the plant after noting accumulated losses of Rs 9,656.87 crore as of 2021-22

General Motors' autonomous vehicle unit recalls cars for software update

General Motors' Cruise autonomous vehicle unit is recalling all 950 of its cars to update software after it dragged a pedestrian to the side of a San Francisco street in early October. The company said in documents posted by US safety regulators on Wednesday that with the updated software, Cruise vehicles will now remain stationary in similar cases. The Oct 2 crash forced Cruise to suspend driverless operations nationwide after California regulators found that its cars posed a danger to public safety. The California Department of Motor Vehicles revoked the license for Cruise, which was transporting passengers without human drivers throughout San Francisco. In the crash, a human driven vehicle hit a pedestrian, sending the person into the path of a Cruise autonomous vehicle. The Cruise initially stopped, but then pulled to the right to get out of traffic, pulling the person about 20 feet (six metres) forward. Cruise says in documents that it already has updated software in test ...

UAW reaches deal with GM, ending strike against Detroit automakers

The GM workers will return to work after an official announcement of the deal, two sources said

Hyundai, vendors set to line up Rs 10,000 crore for Talegaon plant

Tata Motors and Ford India signed deal for the latter's Sanand unit for Rs 725 cr in 2022

Stand 'firmly' with General Motors Talegaon workers: Maharashtra CM

State government assures workers, says better compensation, jobs among solutions being worked out

General Motors locks in $6 billion credit line as strike costs rise

GM also shut its midsize Malibu sedan factory in Fairfax, Kansas, during the last week of September, blaming parts shortages caused by the strike

As workers begin strike, GM says it offered 7X the required compensation

The erstwhile workers of General Motors India started their indefinite hunger strike on October 2, protesting their alleged non-absorption by Hyundai Motor India

Forging hope amidst closure: New beginnings for GM's Talegaon Plant?

The workforce at the facility holds onto aspirations of resurgence, hopeful for opportunities with Hyundai's asset transfer deal

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

Through its Sriperumbudur facility outside Chennai city, and now the Talegaon plant, Hyundai aims to increase its achieve a cumulative production capacity of one million units per year

Hyundai Motor considers buying General Motors India's Talegaon plant assets

A Term Sheet has been signed for the potential acquisition of identified assets of the plant like land and building, certain machinery and equipment situated at the General Motors India's plant

GM scripts last lap of India journey, to cease manufacturing ops on Dec 24

The company rolled out the last model off its assembly line on October 31 for exports

MG Motor plans second India unit, may launch affordable EV shortly

Hopes to launch full-size SUV MG Gloster by Diwali 2020, and have four products in the market in one-and-a-half years of its operations in India

China's Great Wall Motor set to enter Indian automobile market at Auto Expo

China's largest SUV manufacturer Great Wall Motor (GWM) on Tuesday said it will showcase various products and technologies during the upcoming Auto Expo next month as part of its launch in the Indian market. The automaker will also showcase Haval Concept H and Concept vehicle Vision 2025 besides SUVs under Haval brand, electric products, and innovations in the area of intelligent safety, connectivity and advanced autonomous systems during the biennial show. "This is indeed a proud moment for us as we are on the verge of entering the Indian automotive market. We are excited at the limitless possibilities that lay ahead as India is an important market for us," GWM Chairman Wei Jianjun said in a statement. The company aims to set new benchmarks in the Indian automobile industry and hope to create an everlasting relationship with the discerning Indian customer, he added. "With the R&D center in Bangalore and now our participation at the 15th edition of the Auto Expo, we want to ...