GM recalling 81,000-plus vehicles over steering problem

Last Updated: Sunday, February 15, 2015, 00:31

General Motors Co on Saturday recalled 81,123 cars because of concerns about their electric power steering systems.

GM faces investor demand for slice of $25 billion cash hoard

Last Updated: Friday, February 13, 2015, 08:59

An investor group demand that General Motors Co give back more of its USD 25 billion cash hoard confronts Chief Executive Mary Barra with a challenge to her plans for building the company and rewarding shareholders.

GM investor seeks board seat, $8 billion stock buyback

Last Updated: Wednesday, February 11, 2015, 05:01

Chief Executive Mary Barra`s plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy.

GM activists seek board seat, $8 bn share buybacks

Last Updated: Tuesday, February 10, 2015, 22:24

Activist shareholders are seeking $8 billion in share buybacks and a board seat at General Motors, the US auto giant said Tuesday.

General Motors sales down 16% at 4,667 units in Jan

Last Updated: Monday, February 2, 2015, 16:21

General Motors India on Monday reported a 16.01 per cent decline in sales at 4,667 units in January as against 5,557 units in the same month last year.

GM sold record 9.92 mn cars in 2014 despite recalls

Last Updated: Thursday, January 15, 2015, 08:14

GM`s 2014 sales, which bested last year`s record by two percent, still lag those of German giant Volkswagen, which logged 10.14 million cars last year.

Headline GM expects better 2015, after costly recalls

Last Updated: Wednesday, January 14, 2015, 20:36

General Motors said Wednesday that it expects improved earnings and margins in 2015 after paying out nearly $2 billion for recalls and victims compensation last year.

GM open to working with Google on self-driving car technology

Last Updated: Tuesday, January 13, 2015, 10:53

General Motors Co is open to working with Google Inc on developing self-driving car technology, the chief technology officer for the US automaker said on Monday.

First year as GM CEO marked by disappointment, progress: Mary Barra

Last Updated: Friday, January 9, 2015, 02:04

Barra, who became the first woman to lead a major automaker last January, almost immediately faced a crisis over defective ignition switches that are now linked to at least 42 deaths.

General Motors India raises prices by up to Rs 61,000

Last Updated: Tuesday, January 6, 2015, 15:38

General Motors India on Tuesday increased vehicle prices by up to Rs 61,000 in order to partially offset the impact of rising input costs and expiry of reduced excise duty concessions.

GM adds another 92,000 vehicles to ignition switch recall

Last Updated: Friday, January 2, 2015, 06:49

General Motors Co began the new year by announcing three new vehicle recalls on Thursday, as the ignition switch crisis continued to dog the automaker after millions of vehicles were recalled in 2014.

CBI searches office, house of BSNL GM

Last Updated: Thursday, December 18, 2014, 23:37

CBI sources said searches took place at his Sector 19 office and Sector 39 residence for allegedly running businesses without informing the government.