GM Making Money

GM Profit Jumps

General Motors Co. reported surprisingly strong third-quarter profits Wednesday, as it also said it offered buyouts to thousands of salaried workers to cut costs amid slowing sales in the global car business. The No. 1 U.S. auto maker by sales reported a 25% jump in its third-quarter operating profit...

By | November, 5, 2018|Categories: Articles, Featured|Tags: , , , , , , |0 Comments

China Wants Control

Tough Road for Self-Driving Cars in China

China is creating roadblocks for U.S. auto makers and tech companies who wish to bring self-driving cars to the world's largest auto market. Citing national security concerns, China is limiting the amount of mapping that can be done by foreign companies...

By | July, 14, 2017|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

GM Falls to Socialism

GM Ceases Operation in Venezuela

General Motors said yesterday that it would immediately halt operations in Venezuela after its plant in the country was unexpectedly seized by authorities. GM described the takeover as an "illegal judicial seizure of its assets." The automaker said the seizure showed a "total disregard" of its legal rights. It said that authorities had removed assets including cars from company facilities...

By | April, 21, 2017|Categories: Articles, Featured|Tags: , , , , , , , , , |0 Comments