Photo: Motor1
General Motors To Return With All-Electric Hummer SUV On April 4
General Motors has decided to return with its all-electric 2022 GMC Hummer SUV on April 4. Surpassing its previous models, the Hummer EV will be equipped with 18 cameras to tread in different terrains including two-foot deep water and 18-inch steps. The pick up-oriented model also features a foldable roof with interiors fitted with 13.4-inch infotainment and a 14-speaker audio system. Besides, it promises to cover 563 Kms in a single charge… read-more
Tags: General Motors, GMC Hummer, SUV, Electric Vehicle
Courtesy: Hindustan Times
Photo: Medium.com
5 Automakers Announce Their Closure In India In Last 5 Years
The Centre on February 9 apprised that five major automobile companies have halted their operations in India in the last five years. The companies include MAN Trucks, General Motors, Harley Davidson, UM Motorcycles and Honda Cars. Reportedly, the companies announced closure by 2020 end, shutting down some of their manufacturing plants in states like Maharashtra and Uttar Pradesh. However, Union Minister Prakash Javadekar affirmed that the… read-more
Tags: Prakash Javadekar, MAN Trucks, General Motors, Harley Davidson, Honda Cars
Courtesy: Business Today
Photo: Autocar India
GM Discontented Over Maha Govt's Disapproval To Shut Talegaon Plant
US-based automaker General Motors (GM) has expressed resentment over the Maharashtra government's objection of GM annulling its Talegaon plant. GM warned that the rejection contradicts the state's business-friendly rapport and could discourage prospective investors. Reportedly, the government rejected GM's appeal over grievances raised by workers who demanded GM to continue production. Besides, a… read-more
Tags: General Motors, Maharashtra Government, Investments, Talegaon
Courtesy: Reuters
Photo: RushLane
Pune: Closure Of General Motors Plant Brings Employees To High Court
The Bombay High Court has received a petition from employee union of US-based carmaker General Motors, as the company's plant in Pune's Telegaon nears closure. The union alleged that GM is firing its 1,587 employees out of employment for hefty profits by selling the plant to Chinese SUV manufacturer. Resisting the closing application that expires after January, the union further stated GM's decisions to be against the public interest.
Tags: Pune, Telegaon, Bombay High Court, General Motors
Courtesy: Hindustan Times
Photo: Seeking Alpha
Goldman Sachs Plans to Acquire General Motors' Credit Card Business
Sources have informed that Goldman Sachs will be acquiring the credit card business of General Motors with a $2.5 billion deal. Reportedly, Goldman Sachs agreed to the amount and the deal will be finalized in the upcoming weeks. This will be the second partnership of Goldman Sachs after its agreement with Apple in 2019. The acquisition aims to help Goldman Sachs to expand exponentially in the banking sector.
Tags: GOLDMAN SACHS, General Motors, Apple, Banking
Courtesy: Reuters
