general motors

Auto
6:30 pm
Thu July 25, 2013

GM makes $1.2 billion quarterly profit - same as Ford

General Motors logo in front of General Motors car
General Motors

General Motors is number two in global auto sales so far this year, just behind Toyota, and just in front of Volkswagon.

So why didn't GM make more money than its Dearborn rival, Ford Motor Company, in the second quarter?

Both companies made $1.2 billion, but Ford made that money based on a lower volume of sales.

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Politics & Government
8:53 am
Thu June 20, 2013

In this morning's news: Governor pushes Medicaid, teachers rally in capitol, GM receives top score

Morning News Roundup, Thursday, Oct. 13, 2011
User: Brother O'Mara Flickr

Governor cuts trip short

Governor Rick Snyder will return early from his trip to Israel today in order to lobby for Medicaid expansion. Snyder will encourage fellow Republicans to pass the legislation. “Today is the last day for lawmakers to pass Medicaid expansion before their two-month summer break,” reports Jake Neher.

Teachers protest education legislation

Michigan teachers rallied in Lansing yesterday to protest legislation that would allow state officials to close struggling school districts.  According to the Associated Press, “the legislation lets the state superintendent and treasurer dissolve a district with 300 to 2,400 students if certain criteria are met.”

General Motors receives high ratings

For the first time ever, General Motors topped the Initial Quality Survey released by automotive tracking firm J.D. Power.  Michigan Radio’s Tracy Samilton reports that GM received a better score than any other corporation in the study.  She says "people are reporting very few mechanical problems.  Most automakers have drummed out serious engine and transmission defects from their cars."

Auto
5:33 pm
Wed June 19, 2013

General Motors vehicles have fewest problems in first 90 days

This year's vehicle Initial Quality Survey by the business tracking firm J.D Power and Associates is a bit of a stunner.

The survey asks people how many problems they had with their car in the first 90 days of ownership.

The top auto company was GM. 

The company's GMC brand was second only to Porsche.  That's the first time GMC has ranked anywhere near that high in the history of the survey.   Chevy was fifth, also a dramatic rise in the rankings.

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Auto
12:37 pm
Wed June 5, 2013

Your government owns 16% of GM, officials hope to own less soon

GM's headquarters in downtown Detroit.
GM Media

Late last year, the U.S. Department of Treasury announced it would sell all its remaining stock in General Motors in 12 to 15 months.

Today, the Treasury is announcing a plan for another big sell-off.

Officials say, "subject to market conditions," they intend to sell 30 million additional shares of GM common stock "in conjunction with GM’s inclusion to the S&P 500 index effective as of the close of trading on June 6, 2013."

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Politics & Culture
3:59 pm
Thu May 30, 2013

Stateside for Thursday, May 30th, 2013

If you live in Michigan there’s a good chance you’ll head up north this summer, or maybe west to bask in the sun on Lake Michigan, but if you’re still not sure where to escape this summer, we have some fun tips on hidden vacation gems you are sure to enjoy.

And, Rick Pluta gave us an update on the Mackinac Policy Conference.

And, Daniel Howes shared his insights on how the financial and investing world views the Detroit auto companies.

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Stateside
4:39 pm
Thu May 23, 2013

Detroit businesses give back to the community

General Motors claims "top automaker" crown.
user paul (dex) Flickr

An interview with Daniel Howes.

It’s Thursday, which means it’s time for our weekly conversation with Daniel Howes, the Business Columnist at the Detroit News.

This week, he focused on the business community in Detroit, where companies like General Motors are trying to give back through programs like the GM Student Corps. From Howe's column:

By itself, the pilot program unveiled in the Wintergarden of GM’s Renaissance Center, isn’t front-page news in a city bursting with the good, the bad and the financially ugly on a weekly basis. What GM Student Corps signifies, however, is another example of a key player in the business community seeing a communal need and moving to fill it, quickly.

He joined us today to discuss the business in Detroit as well as the health of the auto industry.

Listen to the full interview above.

Auto
5:03 pm
Wed May 22, 2013

Ford, Chrysler to keep some plants humming this summer

Car companies closed a lot of North American factories in the past ten years as the auto industry restructured.

That has made Jim Tetreault's job even more of an art and a science.

Tetreault is Ford's head of North American manufacturing.  He's responsible for maximizing the number of vehicles that any of the Detroit automaker's remaining plants can produce, while minimizing the downtime at each facility.

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Politics & Government
2:00 pm
Fri May 10, 2013

Lansing's mayor wants a third term

Lansing Mayor Virg Bernero kicking off his campaign for a third term as the capital city's mayor
Steve Carmody/Michigan Radio

Lansing Mayor Virg Bernero says he wants four more years in office. He formally announced his campaign today. 

“I’m telling you folks … Lansing is on the verge,” the partisan crowd groaned, and then laughed, as Virg Bernero joked at his campaign kickoff.

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Politics & Government
5:04 pm
Mon May 6, 2013

Why are Detroit automakers losing out in Europe?

GM's headquarters in Detroit.
Carlos Lowry Flickr

  If you hear the word Europe, you might find yourself thinking of great places to travel, a rich history, or family roots.

If you're an auto executive and you hear “Europe,” you’ll likely sigh and take a couple of aspirin for your headache.

That's because the Detroit automakers stand to lose $4 billion in Europe this year. And with a collapse in auto sales across the pond, trying to muscle through the kinds of changes that saved the industry here in North America is a totally different challenge in Europe.

Michelle Krebs of Edmunds.com and Michigan Radio’s auto reporter Tracy Samilton discuss the bleak picture in Europe for Detroit automakers.

Listen to the full interview above.

Culture
12:53 pm
Tue April 23, 2013

Yankee Air Museum wants home at ex-bomber plant

B-24 bombers being assembled at the Willow Run plant. Ford Motor Company built 8,685 B-24s from 1942 until the end of World War II.
wikimedia commons

VAN BUREN TOWNSHIP, Mich. (AP) - The Yankee Air Museum is kicking off a $6 million campaign to make its home at a former facility that built B-24 bombers during World War II.

Museum officials announced this week an effort to purchase and renovate part of the former Willow Run powertrain plant. The museum is housed at Willow Run Airport, near Ypsilanti in Wayne County's Van Buren Township.

Its original headquarters was destroyed by fire in 2004.

Dennis Norton, the founder and president of the Yankee Air Museum, has presented plans to Ypsilanti Township officials. The museum says it has until Aug. 1 to secure funding, and would buy the site from the Revitalizing Auto Communities Environmental Response Trust.

Ford Motor Co. built the plant for B-24 production. It later was taken over by General Motors.

Politics & Government
9:00 pm
Mon April 22, 2013

Lansing City Council approves tax abatement for General Motors

General Motors Lansing Grand River assembly plant (file photo)
Steve Carmody/Michigan Radio

The Lansing City Council has approved a 12 year-four million dollar tax abatement for General Motors.

GM is planning a $38 million expansion to its Lansing Grand River assembly plant.  The expansion is expected to add 150 jobs to the plant.

GM currently makes its Cadillac ATS and CTS at the Lansing plant.   The automaker also plans to start producing its next generation Camaro at the Lansing plant.

Auto
2:43 pm
Tue April 9, 2013

GM begins 2014 Impala production in Detroit and Canada

1958 Chevrolet Impala.
Credit GM

It has been one of the best selling cars of all time.

Since its inception in 1958, GM has sold more than 14 million Impalas (putting it in tenth place on 'best selling cars of all-time' lists).

It looked like this back then:

Today, the tenth version of the Impala is being made at GM's Detroit-Hamtramck Assembly plant, and at the Oshawa Assembly plant in Canada.

Here's a photo of the new Impala rolling down the Oshawa assembly line:

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Auto
11:41 am
Thu April 4, 2013

4 GM manufacturing plants to get $332 million in upgrades

The locastion of the investments.
GM

Two of the plants are in Michigan (Flint and Bay City), one in Toledo, and one in Bedford, Indiana.

The auto industry is working on squeezing more miles to the gallon out of the internal combustion engine, and that's what these investments are about.

The $332 million will go toward upgrading manufacturing plants to produce six and eight speed transmissions, small "Ecotech" engines, and a new V-6 engine.

GM recently announced that it will redesign, refresh or replace nearly 90 percent of its vehicles in the North American market between now and 2016.

In addition to the investments in Flint, Bay City, Toledo, and Bedford, IN, GM says it's also upping previously announced powertrain investments by $46 million. Plants in Romulus and Saginaw will see that investment.

From Ford's press release:

Since 2009, GM has announced nearly $1.8 billion of investments for the six Powertrain facilities.

“We are investing in technologies and manufacturing capabilities that produce high-quality, fuel-efficient vehicles and components for our customers,” said Diana Tremblay, vice president of GM North American Manufacturing.  “Today’s announcement demonstrates GM’s commitment to growing the business and strengthening the plant communities where we receive so much support.”

GM says its investments won't lead to new jobs, but will retain 1,650 jobs at the facilities.

The plant in Flint will see the biggest investment. $215 million will be invested in the Flint Engine Operations plant for the 3 and 4 cylinder Ecotec gasoline engines.

Nathan Boomey of the Detroit Free Press reports Flint welcomes the news:

The investment marks a dose of good news for the Flint community after GM recently announced plans to shut down its Grand Blanc Weld Tool Center, displacing 343 employees...

“The investment we’re making is to obviously put in the required capacity or adjustment to the capacity to create more fuel-efficient products for our customers,” Jones said.

Boomey reports GM declined to reveal when the investments will occur, or what cars will receive the new engines and transmissions.

In their release, GM said the new "8-speed [transmissions] will be used in numerous GM vehicles by the end of 2016."

Stateside
4:42 pm
Wed April 3, 2013

GM promises to “refresh, redesign or replace” car lineup by 2016

General Motors
user paul (dex) Flickr

General Motors says the car and truck buying public will be seeing big changes in the next few years when we walk into a GM showroom.
 
GM’s North America Chief Financial Officer Chuck Stevens recently told analysts that the automaker will redesign, refresh or replace nearly 90 percent of its vehicles in the North American market between now and 2016.

Is this strategy a matter of blazing new trails, or playing catch-up with the competition?

This is a two-sided story. Starting this year with 2011 models, the federal government’s fuel-economy standards, which have sat frozen for years, are going to get a big-time thaw. It's the biggest change since the Corporate Average Fuel Economy (CAFE) law was created in 1975.

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Auto
8:41 pm
Thu March 14, 2013

GM looking to expand its Lansing Grand River plant

General Motors Lansing Grand River plant
Steve Carmody/Michigan Radio

General Motors is considering spending nearly $40 million to expand its Lansing Grand River plant.

On Monday, the Lansing city council will consider granting tax abatements to GM.

The abatements are tied to the automaker’s plan to spend $38 million to expand its Lansing Grand River plant. The expansion would add about 150 jobs.

GM already makes its Cadillac ATS at the plant.   The ATS recently won the North American Car of the year award at the North American International Auto Show. 

Auto
10:58 am
Wed March 6, 2013

Former GM executive tapped for Toyota board

Toyota has tapped a former executive at U.S. rival General Motors to be on its board, the first time in the Japanese automaker's 76-year history it is appointing board members from outside the company.

The appointment of Mark Hogan, effective April 1, is a key part of the sprawling management changes Toyota Motor Corp. announced Wednesday. They underline its efforts to grow more international, nimble, transparent and responsive to regional markets.

Toyota set up a new division called "No. 1" to oversee North American, European and Japanese markets, and another "No. 2" for emerging markets. It also promoted four non-Japanese managers to oversee regional businesses.

Besides Hogan, two Japanese, from insurance and securities sectors, were picked as outside board members. The board appointments require the approval of shareholders.

Auto
5:23 pm
Fri March 1, 2013

Ford, GM and Chrysler posted gains in February sales

February was a good month for the Big 3.

The increase is a sign that U.S. auto sales remain strong even in an uneven economy.

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Auto
10:06 am
Fri February 15, 2013

GM profit down, but "seeds planted" for growth, says CEO

New 2014 GMC Sierra. This vehicle and 2014 Chevy Silverado will be big profit generators for GM
General Motors

General Motors made nearly $5 billion in 2012.

That's down a lot from 2011, when the company made $7.6 billion.

But GM CEO Dan Akerson says it was a strong year for the company nonetheless.

He says G-M "planted the seeds of growth in every region of the world."

The Detroit automaker reduced its pension obligations, bought an international finance division, and put new cars in the pipeline for 2013 and beyond.

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Auto
4:12 pm
Tue February 5, 2013

GM has its best sales month in China

Shanghai GM. GM's Chinese unit sold 154,220 vehicles in Jan. 2013.

General Motors reported today it sold more than 300,000 vehicles in the month of January, 2013 - it's best month in China ever.

From a GM press release:

General Motors and its joint ventures sold more than 300,000 vehicles in a single month for the first time ever in China last month. January sales totaled 310,765 units, an increase of 26.0 percent from the same month in 2012 and 15.9 percent above the previous all-time monthly high of 268,035 units in January 2011.

Domestic sales by Shanghai GM and SAIC-GM-Wuling, and their Buick, Chevrolet and Wuling brands all set new single-month records as well in January.

The company wholly owns two foreign enterprises in China, and has 12 joint ventures.

It employs more than 55,000 people in China.

Politics & Government
7:44 am
Thu January 31, 2013

This morning's news: Juvenile lifers, road funding, and GM invests in Michigan

User: Brother O'Mara flickr

Judge says prisoners sentenced as juveniles should get parole hearings 

Judge John Corbett O'Meara says a 2012 U.S. Supreme Court decision striking down mandatory no-parole sentences applies retroactively to Michigan inmates already behind bars.

There are more than 350 inmates in Michigan prisons serving life without parole for crimes they committed as juveniles, and there's been a lot of debate about whether these inmate should get a shot at parole.

The Detroit Free Press has the story of one of those prisoners this morning.

...life has never been simple for Jennifer Pruitt. Her 37 years have been punctuated by turmoil -- a tough upbringing, a life sentence for murder, repeated rapes in prison and glimmers of hope that quickly got dashed.

Road funding discussions get underway in Michigan legislature

In his State of the State address, Gov. Rick Snyder made roads a top priority. He called for new revenue to support road building. Whether that will mean higher taxes or higher fees for Michigan residents remains to be seen. Jonathan Oosting of MLive reports the discussions will get underway soon:

... a joint resolution introduced by Republican Sens. Randy Richardville, Roger Kahn and Bruce Caswell offers a simple starting point for discussions: A constitutional amendment to raise the state sales tax from 6 percent to 8 percent. As a trade-off for the increased sales tax, a related bill would eliminate the state's 19-cent-a-gallon gasoline tax.

Such a tax increase would require voter approval. Other plans, such as increasing gas taxes or registration fees, are being considered as well.

Investment in Pontiac, GM plans expansion

General Motors announced its consolidating some of its research and development operations and expanding its Global Powertrain Engineering Headquarters in Pontiac. Michigan Radio's Sarah Cwiek reports the company is expected to invest $200 million in the Pontiac facility.

GM estimates the move will move about 400 jobs now in various facilities to Pontiac. The investment is part of a GM commitment to invest $1.5 billion in North American facilities across the state and the country.

GM officials say employees will start transferring to Pontiac as soonas the middle this year, and the expansion will be completed in mid 2014.

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