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General Motors Company (NYSE: GM) will recall approximately 5.9 million vehicles over faulty airbag inflaters as per orders from the National Highway Traffic Safety Administration (NHTSA), the Wall Street Journal reported Monday.
The NHTSA earlier concluded that certain makes of Takata airbags pose a risk of exploding or being deployed improperly, affecting vehicles of several automakers.
What Happened: The NHTSA ruled out GM’s petition to turn down the recall
Mayor Lori Lightfoot’s administration dismissed Southeast Side residents’ concerns about pollution from a planned car-shredding operation as “unfounded” and accused community groups of creating a “blizzard of hyperbolic allegations.”
In a letter to federal officials, a city lawyer defended the administration’s role in relocating General Iron’s business from Lincoln Park to East Side and admonishes residents critical of the move.
“Allegations about negative environmental impact of the additions and improvements
And about 10 percent of Amtrak employees in safety-related positions, 1,157 employees, filled an opioid prescription while they were in an active work status, putting them at risk for being impaired on the job.
In 2016, an Amtrak train collided with a backhoe in Chester, Pennsylvania, resulting in two employee fatalities and 39 injuries to crew and passengers. One of the two employees who died in the accident, a supervisor
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BOSTON, Nov. 24, 2020 /PRNewswire via COMTEX/ —
BOSTON, Nov. 24, 2020 /PRNewswire/ — It is in China that General Motors is leading the way in 48V hybrid cars and their next technology. This 48V mild hybridization of conventional car models gives them another ten years in the market. They do not become illegal from tightening emissions
DETROIT (AP) — General Motors will recall about 7 million big pickup trucks and SUVs worldwide to replace potentially dangerous Takata air bag inflators.
The announcement came Monday after the U.S. government told the automaker it had to recall 6 million of the vehicles in the U.S.
GM says it will not fight the decision, even though it believes the vehicles are safe. It will cost the company an estimated
Chicago, IL – November 25, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include General Motors Company GM, Delta Apparel, Inc. DLA, Highpoint Resources Corp. HPR, Deere & Company DE and Capital Bancorp, Inc. CBNK.
Two major Michigan based car manufacturers knew for decades about the harmful impacts vehicle emissions have on the environment, a new investigation from E&E News revealed.
The energy and environment news outlet says researchers at Ford Motor Company and General Motors revealed “strong evidence in the 1960s and 1970s that human activity was warming the Earth.”
The findings are “disturbing as a Michigander,” said Kate Madigan, director of the Michigan
Nov. 9 (UPI) — General Motors said Monday it plans to hire 3,000 new tech employees amid rising market for software development of autonomous and electric vehicles.
From now through the first quarter of 2021, GM will hire these new employees across engineering, design and IT fields, while striving to increase diversity and inclusion, a company statement said.
“As we evolve and grow our software expertise and services, it’s important
Reuters
General aviation has experienced a boom during the pandemic. Carver Aero — a subsidiary of CL Enterprises — has benefited from this boom, not only through their charter services, but their flight school operation as well. Carver Aero CEO Guy Lieser and Director of Finance Mike Manning sat down with Joe Petrie, editor-in-chief of Airport Business, to discuss the future of general aviation and growth of FBOs.
Because of the
General Motors (GM) – Get Report shares rose Tuesday, after UBS analyst Patrick Hummel lifted his share-price target for the country’s biggest automaker to $50 from $34 and affirmed his buy rating.
GM is “fully back on track and likely enjoys strong momentum well into 2021,” he wrote in a commentary, citing its electric-vehicle plans, CNBC reports.
GM recently traded at $40.96, up 5.1%. It has climbed 12%
A classic American car company is back on the battlefield.
GM Defense, a subsidiary of General Motors, this week delivered its first Infantry Squad Vehicle (ISV) to the U.S. Army, marking a major milestone for the company in its revived partnership with the Pentagon. It’s the first major vehicle delivery since GM Defense was reestablished in 2017, the company said.
The vehicle, based on the architecture of the commercial Chevrolet
Rep. Dina Titus is expected to win reelection handily, and with good reason. Not only is her main opponent the same candidate she soundly defeated in 2018, but Titus is coming off of a particularly strong term.
Titus distinguished herself by standing up to the Trump administration on a number of fronts.
As chairwoman of the House Committee on Transportation and Infrastructure, she
General Motors (GM) reported a strong third quarter Thursday from strong truck and SUV sales, but predicted Q4 earnings would be weaker because of what CEO Mary Barra described as “a lot of moving pieces” tied to the coronavirus pandemic.
GM’s North American arm earned $4.37 billion in Q3 — before taxes — up 44% from 2019. International operations had pretax earnings of $10 million.
In an earnings call, carried
A tentative contract between Unifor, the union representing Canadian autoworkers, and General Motors would restart vehicle production at GM’s plant in Oshawa, Ontario. The deal would see workers producing pickups, such as the GMC Sierra and Chevrolet Silverado. (Photo: Courtesy/General Motors)
General Motors plans to invest $1.3 billion (Canadian) to reopen its assembly plant in Oshawa, Ontario.
The stunning announcement came Thursday during a news conference to discuss the
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Following the black-swan event that was the initial strike from the novel coronavirus, it was inevitable that airliners would eventually make their recovery. Though people will take precautionary measures for the greater good, it’s just not in the American spirit to shelter in fear indefinitely. Hence, the return of positive sentiment bodes well for General Electric (NYSE:GE) in
The MarketWatch News Department was not involved in the creation of this content.
Nov 05, 2020 (CDN Newswire via Comtex) —
Data Bridge Market Research has recently added a concise research on the Global Connected Car Market to depict valuable insights related to significant market trends driving the industry. A market research analysis and estimations carried out in the credible Connected Car Market research report guides businesses in gaining knowledge
General Motors (NYSE:GM) said today that its talks with embattled electric-truck start-up Nikola (NASDAQ:NKLA) are continuing, but there’s no deal yet.
In remarks during GM’s third-quarter earnings conference call, CEO Mary Barra confirmed that “discussions with Nikola about a commercial transaction” continue, but the deal hasn’t yet closed. She declined to provide any guidance on when that might happen.
GM and Nikola said on Sept. 8 that they had agreed
An Extraordinary General Meeting of Hexagon Composites ASA will be held on 13 November 2020 at 13:00 CET at the company’s offices in Korsegata 4B, Aalesund, Norway.
Please find attached the notice of the Extraordinary General Meeting with attendance/proxy and the Board of Directors’ proposed resolutions for the Extraordinary General Meeting.
Due to COVID-19, and to ensure accomplishment of the Extraordinary General Meeting in case of new restrictions and guidelines
Shares of General Electric (NYSE:GE) moved higher by 6.7% in pre-market trading after the company reported Q3 results.
Earnings per share decreased 60.00% over the past year to $0.06, which beat the estimate of ($0.04).
Revenue of $19,417,000,000 decreased by 16.88% from the same period last year, which beat the estimate of $18,720,000,000.
General Electric hasn’t issued any earnings guidance for the time being.
General Electric
