Late last year, General Motors (GM) announced that it would close a plant in Ontario, Canada, to save money. In recent months, the company has backtracked on that decision, saving over 300 jobs. However, the plant current employs 2,600 workers, so many more will still lose their jobs. The plant in Oshawa, east of Toronto was scheduled to close completely at the end of this … [Read more...]
Would GM Bring Back Hummer?
Here at Motoring Weekly, we recently read an article in Automotive News about whether General Motors will resurrect the Hummer brand. This was on the back of sales successes for large SUVs and in recent days we have seen reports that RAM pretty much saved FIAT Chrysler in June with ever increasing sales. Let's start by looking at the brand that had a love/hate relationship with … [Read more...]
Industry Ups and Downs
The last few weeks have seen some great news and some bad news for the industry - on two and four wheels. Personal transportation is going through a difficult time yet there are some highlights. On two wheels, The Economist magazine reported that Harley-Davidson is going through a rough patch - not the first in their 116 year history. In the US they have seen sales figures … [Read more...]
Honda Joins SoftBank in GM Cruise Automation
It is an interesting time in the automotive industry with lots of money sloshing around trying to find a profitable home to make lots of future money. A few weeks ago Motoring Weekly ran an article about SoftBank, a Japanese investment company buying a stake in General Motors Cruise Automation business. They committed to put in $2.2B in investment. GM spent a mere $1B on … [Read more...]
GM Cruise Holdings to Get Full Investment
In a recent article I discussed Ford’s new division called Ford Autonomous Vehicles LLC and this article covers an update to their big rival General Motors, with their Cruise Automation business, now called G.M. Cruise Holdings (GMCH). In a recent announcement, a fund affiliated with SoftBank, a Japanese company, has stated that they will be injecting $2.25B into GMCH with … [Read more...]
