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Stock Market & Financial Investment News

News Breaks
November 28, 2012
10:36 EDTGMSAIC-GM-Wuling to build third manufacturing base in Chongqing
SAIC-GM-Wuling announced that it will build a third manufacturing base in Chongqing Municipality to keep pace with the rising demand for its vehicles. The joint venture between GM China, SAIC and Wuling Motors will begin construction of its new facility early next year, pending relevant government approvals. The RMB 6.6B first phase is scheduled to open in 2015. The facility will have an annual production capacity of 400,000 vehicles and engines. It will adopt GMs global manufacturing processes and standards. SGMW will discuss which models will be built closer to the start of production.
News For GM From The Last 14 Days
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August 12, 2014
09:19 EDTGMGeneral Motors shares washed out, says Sterne Agee
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06:21 EDTGMGeneral Motors to streamline international business model, WSJ reports
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August 11, 2014
15:23 EDTGMJPMorgan to hold a conference
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06:38 EDTGMGM's ignition switch fund receives 63 death case claims, AP reports
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06:07 EDTGMGM's Lansing plant to halt Cadillac production temporarily, Detroit News reports
General Motors will halt Cadillac production at its Lansing Grand River Assembly Plant for three weeks, effective August 18, the Detroit News reports. According to sources, the halt is due to lower than expected demand for the cars. Reference Link
August 9, 2014
15:40 EDTGMGM loses attempt to dismiss revived ignition-death lawsuit, Bloomberg says
A Georgia judge rejected General Motors' attempt to dismiss a revived lawsuit over the death of woman that precipitated the recall of 2.59M cars over faulty ignition switches, says Bloomberg. Reference Link
August 8, 2014
14:09 EDTGMGeneral Motors announces 269K vehicle recall
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06:47 EDTGMGM aims to unveil new Volt hybrid in six months, Reuters says
GM said that it plans to showcase its newest model of its Chevrolet Volt hybrid electric vehicle in six months, reported Reuters. Company officials did not explain details on the pricing or driving range of the 2016 model, but said the car will be revealed at the North American International Auto Show. Reference Link
August 7, 2014
06:18 EDTGMGM issues recall for certain model year SAABs, Trailblazer EXTs, others
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