GM Korea delays vote on bankruptcy protection to Monday as talks fail

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General Motors’ South Korean unit delayed a decision to file for bankruptcy protection until Monday afternoon, after the automaker failed to reach a wage deal with its labor union in time to meet a Friday deadline.

Continue reading GM Korea delays vote on bankruptcy protection to Monday as talks fail

GM Korea delays vote on bankruptcy protection to Monday as talks fail originally appeared on Autoblog on Fri, 20 Apr 2018 11:00:00 EDT. Please see our terms for use of feeds.

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Honda Ridgeline, Ford Ecosport and Tesla profits | Autoblog Podcast #537

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On this week’s Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Green Editor John Beltz Snyder and Associate Editor Joel Stocksdale. We talk about driving the 2018 Ford Ecosport and Hyundai Accent. Joel tells us why he loves the naturally aspirated engine in our long-term Honda Ridgeline. We discuss Tesla’s profitability claims, Johan de Nysschen leaving Cadillac and a possible date change for the Detroit Auto Show. As usual, we’ll also spend a listener’s money on a car.

Continue reading Honda Ridgeline, Ford Ecosport and Tesla profits | Autoblog Podcast #537

Honda Ridgeline, Ford Ecosport and Tesla profits | Autoblog Podcast #537 originally appeared on Autoblog on Thu, 19 Apr 2018 15:01:00 EDT. Please see our terms for use of feeds.

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Senate kills rule against discriminatory auto lending practices

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The U.S. Senate on Wednesday invalidated Obama-era guidance aimed at preventing auto lenders from charging borrowers higher rates based on factors such as race or national origin. The Senate voted 51 to 47 to disapprove the guidance, which was issued in 2013 by the Consumer Financial Protection Bureau and regarded by critics as an overstep of the agency’s powers.

Continue reading Senate kills rule against discriminatory auto lending practices

Senate kills rule against discriminatory auto lending practices originally appeared on Autoblog on Wed, 18 Apr 2018 15:25:00 EDT. Please see our terms for use of feeds.

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Tesla to be profitable in Q3, Q4 Musk tweets

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Silicon Valley billionaire Elon Musk said on Friday his Tesla Inc company will not need to raise any money this year because the electric car maker will have positive cash flow and be profitable in the third and fourth quarter.

Continue reading Tesla to be profitable in Q3, Q4 Musk tweets

Tesla to be profitable in Q3, Q4 Musk tweets originally appeared on Autoblog on Fri, 13 Apr 2018 09:20:00 EDT. Please see our terms for use of feeds.

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GM sticks to April 20 deadline for Korea restructuring, unit logs $1 billion loss

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General Motors Co’s president said common ground must be reached on a long-term financial restructuring of GM’s South Korean auto unit by next Friday and if there was none, the operation would likely seek bankruptcy protection.

Continue reading GM sticks to April 20 deadline for Korea restructuring, unit logs $1 billion loss

GM sticks to April 20 deadline for Korea restructuring, unit logs $1 billion loss originally appeared on Autoblog on Fri, 13 Apr 2018 08:51:00 EDT. Please see our terms for use of feeds.

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Autoblog 2018-04-06 22:20:00

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South Korea on Friday urged General Motors’ local subsidiary and labor union to reach a wage deal swiftly, after the automaker failed to make bonus payments — and triggered a violent protest in which workers ransacked GM’s executive offices.

Continue reading South Korea urges GM-union deal after autoworkers ransack CEO’s office

South Korea urges GM-union deal after autoworkers ransack CEO’s office originally appeared on Autoblog on Fri, 06 Apr 2018 18:20:00 EDT. Please see our terms for use of feeds.

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Beijing says it will fight back as Trump triples down on tariff threat

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China warned on Friday it would fight back “at any cost” with fresh trade measures if the United States continues on its path of protectionism, hours after President Donald Trump threatened to slap tariffs on an additional $100 billion in Chinese goods. This atop the $50 billion in tariffs detailed by the U.S. earlier this week, which were immediately met by an equal amount from China.

Continue reading Beijing says it will fight back as Trump triples down on tariff threat

Beijing says it will fight back as Trump triples down on tariff threat originally appeared on Autoblog on Fri, 06 Apr 2018 09:00:00 EDT. Please see our terms for use of feeds.

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As it did with Ferrari, Fiat Chrysler spinning off Magneti Marelli

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Fiat Chrysler said on Thursday its board had tasked management to proceed with spinning off Magneti Marelli and distributing shares in a new holding for the 99-year old parts business to FCA investors.

Continue reading As it did with Ferrari, Fiat Chrysler spinning off Magneti Marelli

As it did with Ferrari, Fiat Chrysler spinning off Magneti Marelli originally appeared on Autoblog on Thu, 05 Apr 2018 08:35:00 EDT. Please see our terms for use of feeds.

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Autoblog 2018-04-03 23:10:00

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Major automakers on Tuesday reported higher new vehicles sales for March on the back of a strong U.S. economy and big consumer discounts, sending shares in Detroit’s automakers up.

Continue reading Automakers’ March was like a lion, including 45 percent Jeep sales spike

Automakers’ March was like a lion, including 45 percent Jeep sales spike originally appeared on Autoblog on Tue, 03 Apr 2018 19:10:00 EDT. Please see our terms for use of feeds.

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Tesla reports official Model 3 numbers, says no need to raise capital

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Tesla quashed any speculation it might need to raise more capital this year on Tuesday, driving the company’s battered shares higher as it announced it built 2,020 of its Model 3 sedans in the last seven days of March.

Continue reading Tesla reports official Model 3 numbers, says no need to raise capital

Tesla reports official Model 3 numbers, says no need to raise capital originally appeared on Autoblog on Tue, 03 Apr 2018 10:17:00 EDT. Please see our terms for use of feeds.

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