General Motors

General Motors recalls cars over parking brake fire risk

U.S. car manufacturer General Motors Co is recalling hundreds of thousands of cars over a defect in the parking brake that could cause a fire, a letter by the top U.S. auto safety regulator showed.

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Lear Corp to buy leather supplier Eagle Ottawa for $850 million

Lear Corp, a maker of auto seats and electrical power systems, said it would buy automotive leather supplier Eagle Ottawa LLC for $850 million to strengthen its core seating business and boost its luxury seats portfolio.

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American powertrain supplier BorgWarner buys German firm Gustav Wahler

Auburn Hills, US-based powertrain supplier BorWarner bought Esslingen, Germany-based exhaust gas and thermostat producer Gustav Wahler GmbH & Co KG for an undisclosed sum to strengthen its position in the market.

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Boston event management app Attendware to rebrand as

Boston, Massachusetts-based event management startup Attendware will be rebranding itself as as it expands the scope of its solution to online management and analytics for business and university events.

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Chinese glass firm Fuyao to invest $200M in GM's former plant in Ohio

China-based automotive glass supplier Fuyao Glass Industry Co will pour in a $200-million investment to build a manufacturing facility at the former assembly plant of General Motors (GM) in Ohio, US.

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Wanxiang sweetens bid for US car maker Fisker in battle with Hybrid

China-based car parts conglomerate Wanxiang has sweetened its bid for failed US electric car maker Fisker Automotive in a battle with its rival suitor, Hong Kong-based firm Hybrid Technology.

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Caddo agency purchases former GM plant in Louisiana

The officials of Caddo Parish's Industrial Development Board closed the deal on Friday afternoon to acquire the former General Motors (GM) facility from RACER Trust for $7.5 million.

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General Motors invests $600M in Flint plant

As part of a $1.3-billion investment in five US plants, General Motors (GM) is pouring in $600 million in its oldest assembly plant in Flint, Michigan, to set up a state-of-the-art paint facility and other upgrades.

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No decision yet on GM Holden's exit in Australia

General Motors Co has not yet arrived at a decision on whether to exit manufacturing in Australia but said government help would be needed for its long-term survival.

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US Govt exits final General Motors stake

The US government has finally sold its last remaining stake in General Motors, the largest automaker in the US in terms of sales, according to a Financial Times report.

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General Motors pours in USD11 million to build new power plant in Indiana

General Motors (GM) is investing USD11 million to build a new source of energy for its Fort Wayne Assembly Plant, a move that will save the company USD5 million a year.

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Hayman Capital acquires stake in General Motors Co- source

A source told Reuters that hedge fund Hayman Capital has acquired a stake in General Motors and believes that the stock price of the automaker will soar once the US Treasury has exited its remaining stake in the firm.

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GM denies problems with SAIC Motor Corp partnership

General Motors Co said there were no problems with its partnership with Shanghai Automotive Industry Corp.

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Peugeot choosing between GM and Dongfeng

Peugeot weighing options between a cost cutting partnership with GM or an expansion push with Dongfeng.

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GM Nova Scotia's noteholders hit the jackpot

The noteholders of GM Nova Scotia used a local law loophole to allow its earnings to double from the bankruptcy proceedings.

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