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News Tagged By: General Motors (GM)

GM pushing Unifor to ditch defined benefit compensation packages
The auto maker is making the push as it discusses with Unifor – the union that represents hourly paid workers – potential investments in new vehicles and products at assembly plants in Oshawa, Ont., and an engine and transmission making facility in St. Catharines, Ont.
Posted on 4-09-2015 at 7:28 AM
Canadian taxpayers lose $3.5B on 2009 bailout of auto firms
The federal government’s sale of the remaining 73.389 million common shares it held in GM will close the book on the investment and the auto maker’s period of being derided as “Government Motors.”
Posted on 4-08-2015 at 8:25 AM
Canada sells GM stake worth about $2.7B before budget
Canada has agreed to sell its 73.4 million shares to Goldman Sachs & Co. in an unregistered block trade, the finance department said in a statement Monday. The transaction will be complete by April 10.
Posted on 4-06-2015 at 9:25 PM
Fiat Chrysler U.S. sales streak reaches 5 years as Ford, GM slip
Fiat Chrysler Automobiles NV said March U.S. vehicle sales rose 1.7 percent, extending its streak of monthly gains to five years amid an expanding U.S. auto industry as General Motors Co. and Ford Motor Co. posted declines.
Posted on 4-01-2015 at 11:12 AM
Three family road trip cars that will keep the kids quiet
No need to ask "Are we there yet?" with tech specs like these.
Posted on 3-20-2015 at 1:00 PM
General Motors announces $5-billion share buyback
General Motors Co. said it will buy back $5 billion US in shares by the end of 2016 and that activist investor Harry J. Wilson will give up his request for a board seat after reaching an agreement with the automaker.
Posted on 3-09-2015 at 7:54 AM
GM faces investor demand for slice of $25 billion cash hoard
An investor group demand that General Motors Co give back more of its $25 billion cash hoard confronts Chief Executive Mary Barra with a challenge to her plans for building the company and rewarding shareholders.
Posted on 2-13-2015 at 8:18 AM
General Motors to invest $450M in Ontario’s Ingersoll plant
The investment will be made without financial help from the federal and Ontario governments, sources said.
Posted on 2-12-2015 at 7:41 AM
Union chief takes case for GM Oshawa investment to CEO
The meeting was the latest step in separate but similar lobbying efforts by Unifor and the federal and Ontario goverments to persuade GM to invest in the assembly plants and save jobs.
Posted on 2-11-2015 at 7:01 AM
GM faces roadblocks in rebuilding Cadillac brand
General Motors Co Chief Executive Mary Barra's strategy of rebuilding the Cadillac brand has run into twin roadblocks: the carmaker can't persuade enough American sedan buyers to switch from foreign competitors such as BMW or Mercedes, and it can't make enough of its Escalade SUVs to satisfy domestic demand.
Posted on 2-10-2015 at 8:16 AM
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