General Motors (GM) option IV flat into current union contracts end on September 14
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GM invests $60M in EV battery startup, Mitra Chem
August 16, 2023 10:13 AM EDTGeneral Motors (NYSE: GM) announced Wednesday that the American automaker will be investing in Silicon Valley startup, Mitra Chem with an aim to help the new company speed the development of a more affordable battery chemistry for use in electric vehicles.
GM is set to spearhead a $60 million investment in Mitra Chem. The startup... More
Hyundai to purchase GM’s India plant as American OEM prepares market exit
August 16, 2023 9:26 AM EDTHyundai Motors is set to acquire General Motors' (NYSE: GM) Talegaon plant located in the western state of Maharashtra. This strategic step not only facilitates the departure of the U.S. automaker from the Indian market but also helps to supplement Hyundai's annual manufacturing output.
Hyundai revealed Wednesday that the automaker plans... More
UAW to hold a vote authorizing a strike as talks continue at slow pace
August 15, 2023 2:01 PM EDTUnion President Shawn Fain released a statement Tuesday indicating that negotiations with Detroit automakers continues to move at a snails pace and have yet to even address the issues surrounding wages and other economic issues.
The United Auto Workers union (UAW) boasts a membership of approximately 146,000 members who will vote next week on authorizing their leaders to call strikes against the Big Three. The unions contracts with General Motors (NYSE: GM), Ford (NYSE: F) and... More
