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May 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

General Motors Co

GM marketing spend will return to normal levels post pandemic

GM marketing spend will return to normal levels post pandemic

  • What we went through in the pandemic was certainly severe and we should be moving back up to our normalized levels.
  • GM's Wahl also said the No. 1 US automaker will offer a third-party app that delivers in-vehicle navigation capability to about 900,000 vehicles that lack the feature.
Updated 12 Apr, 2021 08:16pm
GM builds pickups without certain modules due to global chip shortage, hurting fuel economy
Business & Finance

GM builds pickups without certain modules due to global chip shortage, hurting fuel economy

  • The lack of the active fuel management/dynamic fuel management module means affected models, equipped with the 5.3-liter EcoTec3 V8 engine with both six-speed and eight-speed automatic transmission, will have lower fuel economy by one mile per gallon, spokeswoman Michelle Malcho said.
  • "By taking this measure, we are better able to meet the strong customer and dealer demand for our full-size trucks as the industry continues to rebound and strengthen," Malcho wrote in an email.
Updated 15 Mar, 2021 09:24pm
GlobalFoundries, Bosch to develop radar chips for self-driving car features
Business & Finance

GlobalFoundries, Bosch to develop radar chips for self-driving car features

  • Under the deal, Santa Clara, California-based GlobalFoundries said it will make high-frequency radar chips for Bosch at its Fab 1 facility in Dresden, Germany. Radar chips are widely used in vehicles for driver-assistance features such as emergency braking, lane-keeping and parking assistance.
  • Rather than source the chips from a third-party company to put inside a radar module, Bosch is working directly with the chip contract manufacturer to have its own design custom-made.
Updated 09 Mar, 2021 09:33pm
US factory orders surge, but business spending on equipment slowing
World

US factory orders surge, but business spending on equipment slowing

  • The Commerce Department said on Thursday that factory orders shot up 2.6% after rising 1.6% in December. Economists polled by Reuters had forecast factory orders advancing 2.1% in January. Orders increased 1.3% on a year-on-year basis.
  • Unfilled orders at factories edged up 0.1% in January after decreasing 0.2% in December.
Updated 04 Mar, 2021 09:52pm
US automaker group calls for compromise with Biden on fuel economy rules
Business & Finance

US automaker group calls for compromise with Biden on fuel economy rules

  • The Trump administration in March finalized a rollback of US Corporate Average Fuel Economy standards to require 1.5% annual increases in efficiency through 2026,
  • new nationwide emissions framework deal "should achieve improvements in GHG emissions roughly midway between current standards and those of the former Obama Administration.
Published 02 Feb, 2021 06:06pm
GM warns Indian state's move to block its exit could hit investment
Business & Finance

GM warns Indian state's move to block its exit could hit investment

  • GM's comments came after authorities in Maharashtra earlier this week rejected the automaker's application to cease operations at its plant in the western Indian state amid protests by workers.
  • In January 2020, it agreed to sell its second factory in the state's Talegaon district to Chinese automaker Great Wall Motor Co.
Published 22 Jan, 2021 08:31pm
GM will repay $28mn to Ohio in tax incentives after closing plant
Markets

GM will repay $28mn to Ohio in tax incentives after closing plant

  • GM's agreement with the Ohio Tax Credit Authority also requires the Detroit automaker to pay $12 million for "community support programs" in the Mahoning Valley.
  • GM said in a statement the authority had recognized "GM's substantial manufacturing presence across the state of Ohio."
Published 28 Sep, 2020 10:54pm
GM, Bosch stick with Nikola alliances despite Milton's exit
Markets

GM, Bosch stick with Nikola alliances despite Milton's exit

  • Nikola founder Trevor Milton, whose company become a darling of the stock market over the summer.
  • Milton has fought back, even after the US Securities and Exchange Commission and the Department of Justice said they were looking into the company.
Published 21 Sep, 2020 11:48pm