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Tag: General Motors

GM 2020 Sales Outperform U.S. Industry – Fourth Quarter & Calendar Year
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GM 2020 Sales Outperform U.S. Industry – Fourth Quarter & Calendar Year

(STL.News) General Motors Company released the following information: Fourth-quarter and full-year trifecta with total, retail and fleet share gains GM is the 2020 full-size pickup sales leader with 839,691 deliveries, thanks to Chevrolet Silverado sales gains and record GMC Sierra deliveries Total 2020 pickup sales matched 2019 results; retail deliveries were up 2 percent Seven of every 10 full-size SUV retail units sold in Q4 were a Chevrolet Tahoe, Suburban or GMC Yukon thanks to conquest and strong pent-up demand for all-new models All-new Cadillac Escalade retook market leadership in its segment in Q4, with 43 percent of new Escalades transacting above $100,000 ? YouTube video provided by STL.News
General Motors Takes Additional Steps to Fortify Balance Sheet
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General Motors Takes Additional Steps to Fortify Balance Sheet

DETROIT, MI (STL.News) General Motors Co. (NYSE:GM) has extended $3.6 billion under its three-year revolving credit agreement to April 2022, to further strengthen its liquidity position.  This complements the extension of the $2 billion 364-day revolving credit agreement to April 2021 that GM and GM Financial renewed earlier this month.  In addition, the company has suspended the quarterly cash dividend on its common stock, suspended its share repurchase program and has taken other significant austerity measures to preserve near-term available cash. “We continue to enhance our liquidity to help navigate the uncertainties in the global market created by this pandemic,” said GM Chief Financial Officer, Dhivya Suryadevara.  “Fortifying our cash position and strengthening our balance sheet wi...
GM Expands Medical Projects and Charitable Deliveries to Hospitals
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GM Expands Medical Projects and Charitable Deliveries to Hospitals

Suppliers and Henry Ford Health System help scale up employee-led efforts DETROIT, MI (STL.News) With ventilators and face masks now in production, GM is expanding its manufacturing of personal protective equipment, including latex-free face shields, protective gowns and aerosol boxes. All of these supplies are being donated. These projects have been led by employee volunteers looking to apply their automotive-production skills – from 3D printing to sewing upholstery – to help those on the front lines of the coronavirus pandemic. Initially, these projects were grassroots efforts, with employees delivering handmade samples to hospitals for feedback and tweaking prototypes based on feedback, which fed into the final designs. Today, with the help of suppliers, GM will apply its scale and m...
General Motors Announces Two Leadership Appointments
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General Motors Announces Two Leadership Appointments

(STL.News) –  General Motors (NYSE: GM) today announced two new executive leadership appointments, effective Nov. 15, 2019. Brian Sweeney, U.S. vice president of Chevrolet Sales, Service and Marketing, moves to a newly created position as vice president, Dealer Operations and Innovation.  In this role, he will lead retail innovation and work closely with Chevrolet, Buick and GMC dealers to deliver a world-class customer experience and a robust dealer business model. Sweeney will report to Barry Engle, executive vice president and president, GM North America.  He will also report to Travis Hester, vice president of Global Customer Experience, a new team formed in September. In another move, Steve Hill, vice president of U.S. Sales, Service and Marketing, will directly lead Chevrolet, in ...
U.S. Army, General Motors Collaborate to Improve Automotive Cybersecurity
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U.S. Army, General Motors Collaborate to Improve Automotive Cybersecurity

Engineer exchange program focuses on vehicle penetration testing and risk analysis DETROIT, MI (STL.News) The U.S. Army CCDC Ground Vehicle Systems Center (GVSC) and General Motors announced Monday a new cooperative research and development agreement (CRADA) which aims to strengthen GM’s and the Army’s automotive cybersecurity expertise over the next two years. This marks the first automotive cybersecurity partnership of its kind between GVSC and a full-line vehicle manufacturer. Cybersecurity experts from both parties will share best practices, methodologies, tools and approaches focused on conducting penetration testing and cybersecurity risk analysis. In addition to improving cybersecurity processes, both organizations aim to share key learnings with the Society of Automotive Engineers...
Missouri News: Rally held in Wentzville, Missouri for United Auto Workers in strike against General Motors
Missouri, Missouri General News

Missouri News: Rally held in Wentzville, Missouri for United Auto Workers in strike against General Motors

Wentzville, Missouri (STL.News) - There was a strong show of support for striking United Auto Workers on Friday during a rally in Wentzville. About 500 supporters, including members of other unions, along with lawmakers attended the Hold The Line Rally outside of the Local 2250 United Auto Workers Hall in Wentzville.  Nearly 49,000 UAW workers across the country went on strike earlier this month after contract talks broke down with General Motors.  The strike impacts about 4,500 workers at the Wentzville GM Plant. Among those in attendance at the rally was Missouri State Auditor and Democratic gubernatorial candidate Nicole Galloway. “You deserve more and you deserve better, and your unified solidarity brings power.  Never forget that.” Galloway said to the crowd. Missouri State Senato...
Business

Business News: Strike continues amid contract talks between United Auto Workers and General Motors in Detroit

Wentzville, Missouri (STL.News) -  The labor dispute continues between United Auto Workers and General Motors. Nearly 49,000 workers went on strike after contract talks broke down over the weekend.  This impacts around 4,500 workers at the General Motors Plant in Wentzville.  Both sides went back to the bargaining table on Monday and Tuesday.  Glenn Kage, president of United Auto Workers Local 2250 in Wentzville, said he hasn’t heard any details from Detroit on how those negotiations are going, but he thinks “the strike has opened the eyes of General Motors.” “I don’t know if they thought we were prepared to strike.  Our strike is to send a message to GM that it’s time for them to pay back what we have given up over the course of the last number of years.  General Motors has made records...
Business News: General Motors Statement Regarding Offer to UAW
Business

Business News: General Motors Statement Regarding Offer to UAW

Detroit, MI (STL.News) - GM released the following statement on Sunday, September 15, 2019: “We presented a strong offer that improves wages, benefits and grows U.S. jobs in substantive ways and it is disappointing that the UAW leadership has chosen to strike at midnight tonight.  We have negotiated in good faith and with a sense of urgency.  Our goal remains to build a strong future for our employees and our business.” Offer details: Over $7 billion in investments and more than 5,400 Jobs: Solutions for unallocated assembly plants in Michigan and Ohio Investments in eight facilities in four states Introduction of all-new electric trucks Opportunity to become the first union-represented battery cell manufacturing site in the U.S. Additional new vehicle and propulsion programs...
UAW News: Auto worker go on strike after years of tirelessly helping General Motors reach record-level profits
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UAW News: Auto worker go on strike after years of tirelessly helping General Motors reach record-level profits

UAW says GM refused to give even an inch to help hard-working middle-class families Among GM failures, affordable healthcare for thousands remains unsettled for no good reason UAW to GM: We stood up for you, now we stand up for us Detroit, MI (STL.News) - The United Auto Workers (UAW) released the following statement: Local Union leaders from across the nation met Sunday morning after the 2015 General Motors collective bargaining agreement expired Saturday night and opted to strike at midnight on Sunday. The autoworkers are calling on the Big 3 automaker to recognize the contributions and sacrifices that the company’s UAW members have made to create a healthy, profitable, industry. “We stood up for General Motors when they needed us most.  Now we are standing together in unity and solid...
Business News: Governor Mike Parson announces proposed incentives package aimed at attracting GM to invest in Wentzville plant
Business

Business News: Governor Mike Parson announces proposed incentives package aimed at attracting GM to invest in Wentzville plant

Wentzville, Missouri (STL.News) - A $1 billion expansion at Wentzville's General Motors plant is one step closer to becoming a reality.  On Wednesday, Missouri Governor Mike Parson announced a proposed incentives package that includes annual tax credits to automakers that invest at least $500 million in plant upgrades.  Parson held a closed door meeting at Wentzville City Hall with city, county, and state leaders to discuss the proposal that is aimed at giving Missouri an advantage when competing with other states to attract and retain major business expansion projects, including the potential General Motors investment in Wentzville. Following the meeting, Parson held a media briefing. “From the very beginning, our administration has been focused on two key issues, workforce development ...