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+19 +1
GM pulls planned backing from electric vehicle company
General Motors (GM) announced on Monday that it would not be buying into the electric vehicle company Nikola and it would be ending development of an electric and hydrogen powered vehicle. The two companies in September signed an agreement that would allow Nikola to use GM’s new electric truck underpinnings for its electric and hydrogen-powered pickup called the Badger in exchange for giving GM an 11 percent stake in the company.
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+14 +1
GM is reinventing itself, closing plants and cutting 15% of its salaried workers
General Motors on Monday announced a major restructuring of its global business, saying it will shut production at five facilities in North America and slash its staff. GM will reduce its salaried workforce by 15%, including a quarter of the company's executives. The moves are the first big steps in the century-old GM's transformation. The company is reinvesting money away from cars that once dominated America's roadways and putting it into technology it believes will power its future.
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+19 +1
Union says it will strike if GM plans full South Korea exit
General Motors' South Korean workers will go on a full strike if the U.S. automaker decides to completely pull out of the country, its union head told Reuters on Wednesday, adding he does not rule out the possibility GM might leave.
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+1 +1
OFFICIAL: 2019 Corvette ZR1 to MSRP Starting at $119,995
During the USA debut of the 2019 Corvette ZR1 Coupe and Convertible models in Los Angeles on Tuesday evening, GM’s Mark Reuss was given the honors of introducing the fastest and most powerful Corvette in the 65-years of the model. Along with the Corvette ZR1 Coupe, the low-wing Corvette ZR1 Convertible model made its first public showing. The 2019 Corvette ZR1 convertible model is the first ZR1 drop-top since the original 1970 model year ZR1.
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-1 +1
Where's the Presidential Debate on GM's Crony Capitalism?
In the 1950s, General Motors President Charles Wilson famously said: “What was good for our country was good for General Motors, and vice versa.” You might do a double take on that comment after you venture a look at GM’s current remarkably low tax bill. A dive into GM’s filings with the Securities & Exchange Commission reveals that while the carmaker makes nearly all of its profits in the U.S., it pays virtually no U.S. federal, state or local taxes.
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+4 +1
Pontiac May Be Out Of Business But You Can Still Buy A Trans Am
All 840 horsepower of it is Burt Reynolds approved.
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+36 +1
No Accident: Inside GM's deadly ignition switch scandal
For Brooke Melton, the day began with a voicemail from her father, wishing her a happy 29th birthday. She drove to her shift as a nurse at West Atlanta Pediatrics. After work she climbed into her white 2005 Chevy Cobalt and threw her bag onto the passenger seat. A cautious driver—she’d never once gotten a speeding ticket and always wore her seatbelt—Brooke was headed to her boyfriend’s place to celebrate over a birthday dinner.
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+13 +1
GM Fund now links Ignition Defect To 42 deaths, 58 injuries
The General Motors victim compensation fund approved four death claims last week, bringing the total number of confirmed fatalities linked to faulty ignition switches to 42 – officially tripling the number of deaths GM initially linked to the issue. The Detroit News reports that the approved death claims, along with seven approved injury claims, makes last week the busiest for the fund since its first weeks of existence in August.
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+17 +1
GM's hit and run: How a lawyer, mechanic, and engineer blew open the worst auto scandal in history
As the sun was setting on a stormy Georgia day, Brooke Melton was 30 miles outside of Atlanta in her Chevy Cobalt. It was March 10, 2010, her birthday, and the 29-year-old pediatric nurse was on her way to her boyfriend’s to celebrate.
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+11 +1
“Complete Acquiesence”: Bob Lutz Reveals How the Pontiac Aztek Happened
How do bad cars happen? How, for instance, did Pontiac’s Aztek—the greatest failed model in recent history—get all the way from flawed design to ugly product? We asked Bob Lutz, our industry expert and man-about-town, if he knew anything. Turns out, he knows quite a bit.
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