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Most Recent - General Motors Fast Facts



Tuesday, October 21, 2014  13:33

NYTimes

America - The Saturday Profile: A One-Man Pulp Fiction Factory Keeps His Motors Running in Brazil


R.F. Lucchetti has written more than 1,500 macabre, lurid and racy books since the 1950s. He toiled mostly in obscurity, but now younger Brazilians are taking notice.


Friday, October 17, 2014  20:43

Yahoo

Business - Delaware high court says GM loan documents valid despite error


(Reuters) - The Delaware Supreme Court said on Friday that creditors are entitled to rely on formal loan documents authorized by secured lenders, even if there is a mistake in the documents. The court was responding to a question from a New York federal appeals court relating to a dispute between creditors of General Motors before its 2009 bankruptcy and its former lender, JPMorgan Chase & Co . The issue relates to GM`s insolvency, in which its healthy assets were sold to the new General Motors Co, while the rest were liquidated for the benefit of unsecured creditors. ...


Saturday, October 18, 2014  02:28

Yahoo

Business - Toyota executive stands by Takata as supplier despite air bag troubles


By Maki Shiraki TOKYO (Reuters) - A top Toyota Motor Corp executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp despite the supplier`s struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants. U.S. safety regulators on Wednesday expanded the number of vehicles in the United States affected by recalls for this problem by 28 percent to 7.8 million vehicles. Toyota has the second largest number of vehicles affected by the U.S. recalls at 877,000, trailing only Honda Motor Co`s 5.1 million vehicles, according to the U.S. ...


Wednesday, October 22, 2014  15:19

Yahoo

Business - Faulty airbags warning expanded to 6.1. million U.S. cars: NHTSA


WASHINGTON (Reuters) - The U.S. highway safety regulator, NHTSA, expanded its warning on Tuesday about faulty airbags made by Japanese auto-part maker Takata to 6.1 million vehicles in the United States. `The National Highway Traffic Safety Administration urges owners of certain Toyota, Honda, Mazda, BMW, Nissan, Mitsubishi, Subaru, Chrysler, Ford and General Motors vehicles to act immediately on recall notices to replace defective Takata airbags,` it said in a statement. ...


Wednesday, October 22, 2014  02:34

Yahoo

Business - Michigan becomes fifth U.S. state to thwart direct Tesla car sales


DETROIT (Reuters) - Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors Inc from selling its cars directly to consumers in the state, home to the biggest U.S. automakers. Snyder said in a letter to members of the state House of Representatives on Tuesday that the measure merely `clarifies` existing law not to allow direct manufacturer-to-consumer retail sales. Those sales, he said, must be made through franchised dealers. Michigan becomes the fifth U.S. ...


Tuesday, October 21, 2014  22:46

Yahoo

Business - Deaths linked to GM ignition-switch defect rise to 29


By Ben Klayman DETROIT (Reuters) - A program to compensate victims of a faulty ignition switch in General Motors Co vehicles has approved two new death claims, bringing the total number of deaths linked so far to the switch to 29, according to a report released on Monday by the lawyer overseeing the program. Since it began accepting claims on Aug. 1, the program has received a total of 1,517 claims for deaths and injuries, according to the report by the office of Kenneth Feinberg, who GM has tapped to run the program. The report listed all of the claims received and approved as of Friday. ...


Monday, October 20, 2014  16:02

NYTimes

Europe - International Education: British Universities Get Good News


A study released this month says that by 2024, Britain will add 83,000 foreign graduate students to the nearly quarter-million it hosted in 2013.


Sunday, October 19, 2014  18:59

Yahoo

Business - GM`s top lawyer, hammered during recall hearing in Congress, to retire


By Ben Klayman DETROIT (Reuters) - General Motors Co`s top lawyer will retire early next year, months after his department was heavily criticized for how it handled the automaker`s defective ignition switch that has been linked to at least 27 deaths. Michael Millikin, 66, informed GM of his decision and the company will immediately begin an external search for his replacement, the No. 1 U.S. automaker said on Friday. He will remain general counsel, a position he has held since 2009, until a successor is named. ...


Friday, October 17, 2014  18:54

Yahoo

Business - GM`s top lawyer to retire early next year


DETROIT (Reuters) - General Motors Co`s top lawyer, whose department was heavily criticized for the handling of a defective ignition switch linked to at least 27 deaths, will retire early next year. Michael Millikin, 66, informed GM of his decision and the company will immediately begin an external search for his replacement, the No. 1 U.S. automaker said on Friday. GM has faced criticism this year for waiting 11 years to recall millions of cars with ignition-switch problems that were linked to fatalities. ...


Friday, October 17, 2014  18:17

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