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Only employees and their guests who are at the RenCen "for business reasons" will be allowed to stay after 3 p.m., a spokeswoman said. "If you’re asking me if people can just pack up the station wagon and watch fireworks from the Renaissance Center, the answer is no," she said.
Just days after basking in its best performance ever in a key quality study, General Motors said Friday it is recalling most every Chevrolet Cruze built and sold to prevent the risk of engine fires. The fires can break out when fluids drip onto a hot plastic shield below the engine.
General Motors plans to hire 1,500 new workers in an expansion of its plant in St. Petersburg, Russia. The expansion, part of GM's broader five-year, $1-billion investment in Russian operations, will boost the plant's annual vehicle production capacity from 98,000 to 230,000.
With experts projecting a steady reduction in gasoline prices throughout the rest of the year, General Motors revealed plans Friday to add a third shift at its assembly plant in Arlington, Texas, where it produces four large SUVs.
The move comes as analysts are predicting declining gas prices for the rest of the year.
The expansion, part of GM’s broader five-year, $1-billion investment in Russian operations, will boost the GM Auto plant’s vehicle production capacity from 98,000 to 230,000. GM was set to announce that it broke ground today.
The recall affects nearly 500,000 Cruzes – that is, all versions of the car built through May 2012. The automaker said it didn’t know of any crashes, injuries or deaths related to the issue. Repairs to the Cruze are expected to take 30 minutes at a Chevrolet service department, and they’ll be free.
Thousands of General Motors salaried retirees are on edge about the security of their pension check. GM is terminating the current GM salaried retirement plan for all participants. And existing salaried retirees wonder what kind of protection their retirement will have in the future.
The trust that controls properties General Motors abandoned during its 2009 bankruptcy has entered into serious discussions with two parties for the sale of part of the Buick City property in Flint, an official said.
General Motors is raising the base price of the redesigned Chevrolet Malibu, the automaker's offering in the midsize sedan segment. GM said the 2013 Malibu would start at $23,150, including a $760 destination charge. That's up $280 from the 2012 version, although the more-expensive LTZ version of the Malibu will be slightly less expensive.
Last year's show drew more media attention than New York, Los Angeles and Chicago.
GM donated the new white car, which the 40 undergrads and grad students — most of whom are studying mechanical, control and electrical engineering – have spent the last year planning to re-design.
Finding new uses for buildings and land left behind in GM's 2009 bankruptcy is a challenge. So far only 17 of 89 sites have been sold.
Cadillac, GMC, Chevrolet and Ram outperform the industry average. Ford's upgrades to its touch screen control system arrived too late to affect this year's survey results. Lexus (whose 2012 LS 460 Sport is pictured above), Jaguar and Porsche have the fewest problems per 100 vehicles.
Two potential buyers have expressed interest in 40 acres within the Buick City site. RACER owns about 600 of the 1,000 acres in Flint that have been identified as “brownfield” redevelopment opportunities.
General Motors is now trash-free at 100 locations. The automaker said Tuesday that it had achieved the "zero-to-landfill" milestone at a parts distribution center in Lansing. GM recycles or reuses about 90% of its waste worldwide, adding up to about 38 million trash bags per year.
Readers can review two Web chats held this month where five guests discussed tax implications, annuity options at General Motors and points to consider when taking a lump sum. Also check out Free Press business columnist Susan Tompor's recent column about how to make the best decision for you.
GM is expected to announce today that its 100th facility has achieved "landfill-free" status. A distribution center in Lansing helped GM reach the milestone.
General Motors announced Monday several changes to its design leadership team in moves that give more autonomy to the automaker's 10 advanced design centers throughout the world. Ed Welburn, GM's vice president for global design, said in a statement that the changes provide "a foundation to build and grow the design language for each of our brands."
General Motors today announced several leadership changes to its design leadership team in moves that give more autonomy to the automaker’s 10 advanced design centers throughout the world.
A group representing General Motors salaried retirees blasted the automaker's plan to convert pension payments into equivalent monthly annuity checks that won't be insured by a federal authority.
Residential Capital is objecting to investor Warren Buffett's offer to buy its mortgage division, but a bankruptcy judge will have the final say.
Are you a General Motors or Ford Motor salaried retiree with questions on the lump sum pension offer? Should you stay with a monthly check or go for a lump sum? Readers talked to two financial planners about their questions.
General Motors, trying to end 12 consecutive years of losses in Europe, said it is willing to delay layoffs in Germany for at least four years in exchange for the right to close an Opel manufacturing plant around the same time while delaying pay increases for German workers.
General Motors, facing 12 consecutive years of losses in Europe, said today that its proposing a deal that would prevent layoffs in Germany for another four years while investing in product development and seeking cost cuts by boosting “operational efficiency.”
General Motors CEO Dan Akerson identified cuts in Europe, Canada and streamlined global product development as key priorities to boost the automaker's lackluster stock price.
Warren Buffett's Berkshire Hathaway is offering to buy the mortgage division and loan portfolio of Residential Capital, which filed for bankruptcy protection in May. Residential Capital, also known as ResCap, is a subsidiary of Ally Financial, the former auto lending arm of General Motors. ResCap was hobbled by payments on debt taken out to finance soured home mortgages.
GM's new board of directors overruled Fritz Henderson in 2009, but selling Opel might have been a very smart move.
Akerson, who is expected to face sharp questions today from shareholders over the performance of the company’s shares, acknowledged “a lot of uncertainty” in the marketplace.
A 250-horsepower performance version of Buick's Verano compact sedan goes on sale this fall. Buick hasn't revealed the price, beyond saying it will cost less than the 201-horsepower $29,200 2.4-liter Acura ILX, another newcomer trying to stake a claim in the market for upscale compact cars. Other competitors will include the Audi A3, Volkswagen Jetta GLI and Volvo C30.
General Motors shareholders might not ask many hard questions as they gather Tuesday at the Renaissance Center for their annual meeting, but that won't erase the nagging question that persists throughout this combative election year: How much might U.S. taxpayers lose on their investment in the nation's largest automaker?
Ford and General Motors retirees: Are you wondering whether you should take a lump sum payment or continue to receive a regular pension check? Read a replay of a web chat in which readers talked to three financial planners about this question.
General Motors engineers have squeezed an additional three miles of range out of the Chevrolet Volt's battery pack.
Changes in the battery cell's chemistry will enable drivers to go an extra three miles on an initial charge before engaging the car's motor. The change is in Volts being shipped now. The price will stay the same in the 2012 model year.
Celebrations of Chevrolet's centennial continue with next week's opening of "100 Years of Chevrolet" at the Antique Automobile Club of America Museum in Hershey, Pa. Vehicles ranging from a 1912 Little roadster to the first Suburban and the 50-millionth Chevrolet will be on display June 15-Oct. 14.
General Motors' move to trim $26 billion in salaried pension obligations by transferring them to Prudential Insurance may be a trial balloon to see whether it should make the same offer to hourly workers, a pension expert said Tuesday. Meanwhile, other major U.S. corporations are likely considering similar moves, enticed by the prospect of improving their financial outlook.
Just a few weeks after General Motors curbed production of Volts, Chevrolet dealers in California are scrambling to get the extended-range electric cars on their lots as sales surge because of special state incentives for electric vehicles and West Coast gas still above $4 a gallon.
Leon LaBreque, a financial planner based in Troy, has summarized key questions for retirees facing the choice of taking their pensions in a lump sum or continued monthly payment.
The automaker makes the offer to 42,000 retirees and will pay an insurance company to take over $26 billion in pension obligations
Cadillac Racing, in the middle of its second year as part of the SCCA Pro Racing World Challenge, is eying an expansion of its racing involvement around the globe.
General Motors' decision to close an assembly line at its Oshawa Assembly Plant spotlights the pressure the Canadian Auto Workers faces as the value of the U.S. dollar has declined and the UAW has accepted concessions that have led to lower labor costs in the U.S.
GM's salaried retirees will be forced to decide whether they want to take a lump-sum payment or simply keep receiving monthly pension checks. If you're one of the 42,000 GM retirees getting the offer, it could be difficult, even macabre, math.
General Motors will give about 42,000 U.S. salaried retirees the choice of taking their pensions in one lump-sum payment, a move the automaker expects will cut its pension obligation by $26 billion.
General Motors told employees today it plans to shut down an assembly line at its Oshawa Assembly Plant in Ontario next year.
General Motors Chief Marketing Officer Joel Ewanick said Thursday that soccer has a much larger global fan base than American football, underscoring why a five-year Chevrolet marketing deal with global soccer powerhouse Manchester United is a better way to promote cars than a Super Bowl ad.
Fortune Magazine’s Senior Editor-at-Large Geoff Colvin talks with General Motors CEO Dan Akerson.
General Motors Chief Marketing Officer Joel Ewanick said today that soccer – the kind played with a round ball – has a much larger global fan base than American football and a new five-year marketing deal with global soccer powerhouse Manchester United will boost Chevrolet’s global sales.
The 20th-annual Oldsmobile Homecoming car show and parts swap meet rolls into Lansing -- the city where Oldsmobile was born and bred -- June 16.
General Motors, which said earlier this month it would not advertise in next year's Super Bowl, plans to announce today a broad marketing and sponsorship plan with the Manchester United soccer team, a person familiar with GM's plans confirmed.
The deal would give GM major visibility alongside a soccer team that has a worldwide following – and it would fit with the automaker’s strategy of making Chevrolet and Cadillac strong global brands.
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