The US traffic safety regulator Friday imposed a record $35 million fine on General Motors for its failure to promptly recall cars with ignition faults linked to at least 13 deaths. The National Highway Traffic Safety Administration hit GM with its…
Browsing: General Motors
General Motors said Thursday it had put two engineers on paid leave over the automaker’s deadly ignition switch recall as the company revealed costs from the scandal could soar to $1.3 billion. GM chief executive Mary Barra announced the first disciplinary…
The US Treasury Department said Thursday that it plans to sell about 40 percent of its shares in rescued bank Ally Financial for around $3 billion. Ally Financial, the former lending arm of automaker General Motors, was bailed out by the government…
The new Chevrolets coming out this year will be faster — on the information superhighway. The General Motors division said Sunday it would deploy fourth generation (4G) Internet connections on several models to help motorists who want to stay connected…
US auto giant General Motors said on Thursday it would largely withdraw its Chevrolet brand from the European market by 2016, citing the “difficult economic situation” on the continent. GM instead plans to concentrate on marketing its German-made Opel…