Republican Toomey blasts Biden’s ‘irresponsible’ use of Cold War-era defense law WASHINGTON: Republican Senator Pat Toomey on Monday blasted President Joe Biden for what he called the increasing... Published 26 Sep, 2022 07:22pm
Business & Finance After pandemic hiatus, Detroit Auto Show reboots itself NEW YORK: Less glitz, better weather. The Detroit Auto Show, long a dead of winter mainstay that drew car industry... Published 11 Sep, 2022 11:48am
Business & Finance General Motors targets China’s urban rich with luxury imports BEIJING: General Motors has lost its mojo in China. Sales of its flagship Buick, Cadillac and Chevrolet brands have... Published 09 Sep, 2022 06:09am
Business & Finance GM’s Cruise unit recalls, revises self-driving software after crash WASHINGTON: General Motors’ startup unit Cruise LLC said Thursday it had recalled and updated software in 80... Published 01 Sep, 2022 05:49pm
Opinion Is sovereign default inevitable? – III This third part of this series of articles discusses, among other things, the subject of services imports. As usual,... Updated 21 Jul, 2022 02:58pm
Business & Finance GM vehicle sales tumble 15% as chip crunch, supply snags drag General Motors Co reported a 15% drop in second-quarter auto sales on Friday, as a global chip shortage and supply... Published 01 Jul, 2022 06:54pm
Business & Finance US automaker CEOs, Toyota urge Congress to lift EV tax credit cap WASHINGTON: General Motors Co, Ford Motor Co, Chrysler-parent Stellantis NV and Toyota Motor North America on Monday... Published 13 Jun, 2022 08:53pm
Technology GM to launch production of Chevrolet Tracker SUV in Argentina in General Motors Co (GM) will begin production of its Chevrolet Tracker SUV in Argentina next month, the US automaker... Published 09 Jun, 2022 10:27am
Business & Finance US to spend more than $3bn on EV battery manufacturing: White House WASHINGTON: The Biden administration will allocate more than $3 billion in infrastructure funding to finance... Published 03 May, 2022 03:00am
Markets GM to launch electrified version of Corvette sports car by next year General Motors Co President Mark Reuss said on Monday the automaker would launch an electrified version of its... Published 25 Apr, 2022 07:58pm
Business & Finance Ford, GM to halt production at two Michigan plants due to parts shortage Ford Motor Co and General Motors will each halt production next week at a Michigan plant due to parts shortages, the... Published 01 Apr, 2022 11:52am
Markets GM's $7 billion investment intensifies EV battle with Ford, Tesla General Motors Co said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting... Published 25 Jan, 2022 09:16pm
Business & Finance GM electric truck latest entrant in rich US pickup market NEW YORK: General Motors launched its all-electric Chevrolet Silverado on Wednesday, formally entering a contest for... Published 10 Jan, 2022 07:02am
Business & Finance Toyota overtakes GM to lead US auto sales for 2021 NEW YORK: Japanese carmaker Toyota led US automobile sales in 2021, according to figures released Tuesday, ... Published 05 Jan, 2022 12:21am
Business & Finance GM to extend production halt for Chevrolet Bolt EV through February WASHINGTON: General Motors Co said Monday it is extending a production halt at its Orion Assembly plant in Michigan,... Published 20 Dec, 2021 09:01pm
Business & Finance Ford delays return-to-work hybrid plan to March amid COVID uncertainty Ford Motor Co said on Monday it would push its return-to-work hybrid plan to March as the state of the COVID-19... Published 06 Dec, 2021 11:23pm
Business & Finance Vingroup tapping global investors for car unit’s $1bn funding SINGAPORE: Vietnam’s largest conglomerate Vingroup is in talks with investors, including Qatar’s sovereign fund... Published 01 Dec, 2021 03:52am
Business & Finance GM aims to tackle chip shortage with new designs made in North America General Motors aims to tackle the global semiconductor shortage with new designs built in North America, President... Updated 18 Nov, 2021 11:23pm
Business & Finance GM factory launch ushers in Detroit's EV pickup campaign NEW YORK: General Motors takes a leap Wednesday towards its much-touted "all-EV" future when it officially opens its... Published 17 Nov, 2021 10:16am
Business & Finance GM to launch 10 EVs in South Korea by 2025; no local manufacturing plans yet SEOUL: General Motors Co will launch 10 electric vehicles (EVs) in South Korea by 2025, but has no plans yet to... Published 12 Nov, 2021 06:44pm
Business & Finance GM upbeat on full-year results despite impact of chip shortage DETROIT: General Motors Co on Wednesday reported stronger-than-expected results for the third quarter, despite a ... Published 27 Oct, 2021 05:40pm
Business & Finance GM to boost EV profile with 40,000 charging stations in US, Canada General Motors said on Tuesday it would install up to 40,000 electric-vehicle charging stations in the United States... Published 26 Oct, 2021 06:14pm
Business & Finance General Motors says 2023 car will allow mostly hands-free driving NEW YORK: General Motors plans to launch in 2023 a premium model that would enable hands-free operation in 95 ... Updated 06 Oct, 2021 09:40pm
Business & Finance GM, Ford to settle suit over use of 'BlueCruise' name for hands-free driving GM says both automakers "have resolved the case and related proceedings amicably. At this time, we have no further comment." Published 04 Oct, 2021 09:23pm
Business & Finance GM invests in Chinese autonomous driving startup Momenta The company is also backed by SAIC Motor, GM's main Chinese partner, as well as Toyota Motor and Daimler AG Published 23 Sep, 2021 12:00pm
Business & Finance American Airlines, Microsoft join Gates-backed program to boost clean energy The initiative aims to boost development of technologies to achieve the target of net-zero carbon emissions by 2050 Published 20 Sep, 2021 11:20am
Business & Finance Ford wakes up badly burnt from its India dream Ford takes a $2 billion hit to stop making cars in India Sales have stagnated at about 3 million cars Published 17 Sep, 2021 05:22pm
Business & Finance GM CFO sees ‘more stable’ chip supplies in 2022, reaffirms 2021 outlook Jacobson cautions that GM's third quarter wholesale deliveries could be down by 200,000 vehicles because of chip shortages Published 10 Sep, 2021 07:16pm
Business & Finance No path to profitability: Ford to end manufacturing in India Ford follows other US carmakers such as General Motors and Harley Davidson which have already left India Carmaker entered India 25 years ago but has a less than 2% share of the passenger vehicles market Updated 09 Sep, 2021 06:41pm
Markets Wall Street rebounds as banks, energy surge Trillium nearly triples on Pfizer's $2.26 bln deal GM to take $1 bln hit on expanded Bolt EV recall, shares slip Indexes up: Dow 0.66%, S&P 0.74%, Nasdaq 0.97% Updated 23 Aug, 2021 07:40pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?