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Even with a booming U.S. car market, the only safe jobs of late have been building pickups and sport utility vehicles. But it seems like, these jobs aren't that safe anymore since already two automakers decided to stop producing at their few plants in USA and Canada. Within the next month, General Motors Co. plans to permanently cut about 3,300 employees at three car plants, as the largest U.S. automaker slashes production of models including the Chevrolet Cruze compact. The Detroit-based company also plans to temporarily lay off employees across five of its U.S. car factories, ...
GM revealed that it plans on reducing its production at Detroit-Hamtramck Assembly Plant, and at factories in Lansing and Ohio. GM says it had more than 874,000 cars, trucks and crossovers in its inventory at the end of November- the most it has had in its U.S. stock in eight years, when vehicles went unsold during the Great Recession. And with some car models nearing six months of supply, GM will stop assembly lines for three weeks in January at Detroit-Hamtramck, according to the United Auto Workers union. The automaker announced in November it would cut shifts at plants in Lansin...
This Tuesday General Motors has asked the supreme Court to overturn an appellate court's ruling that the automaker's 2009 bankruptcy does not shield it from lawsuits over a faulty ignition switch linked to at least 124 deaths and 274 injuries. Whether you like it or not, the petition market a last-ditch effort by GM to block hundreds of customer lawsuits over faulty ignition switches, and other vehicles components, on grounds that they were barred by the automaker's 2009 bankruptcy sale to a new corporate entity. In its petition, GM said the federal bankruptcy code permi...
BMW vehicles which have an electric motor and battery are now approximately 1 out of every 16 BMW USA passenger car sales (6.4% of such sales). The sales include BMW i3, BMW i8 and BMW 330e models. The BMW X5 xDrive 40e was not included in this calculation since it falls under BMW’s light trucks category — it accounts for 4.3% of that category’s sales. Overall, that means plug-in cars accounted for 5.55% of all BMW brand sales in the US in November. BMW, Nissan, and GM are often identified as the Big Auto companies most focused on advancing electric cars in th...
Volkswagen Group led automotive spending on Advertising Age’s 2016 list of the top 100 advertisement spenders worldwide. Fifteen automakers and tire maker Bridgestone Corp. constituted the automotive category on the World’s Largest Advertisers list. Seven of those automakers made the top 25, Advertising Age. VW ranked No. 4 on the biggest-spenders list, with its ad spending in 2015 totaling $6.6 billion. General Motors was next for automakers, taking sixth place on the list. It spent $5.1 billion in 2015. Daimler AG ranked No. 7 and spent $5 billion. Ford Motor Co. took...
