General Motors has adopted a new purchasing contract that would allow it to recover from suppliers the cost of safety recalls — even if a component met GM specifications, says a lawyer for suppliers.
Tag Archives: General Motors
Classic car values rebound, reviving repair shops in Motor City
The price of classic cars has swelled since the worst of the U.S. economic downturn. From August 2009 to April 2013, one index that tracks classic car values rose 54 percent to $1.45 million.
GM cuts 13 percent off price of Volt electric car
General Motors is knocking 13 percent off the sticker price of the Chevrolet Volt electric car as it tries to keep pace with rivals in the market for plug-in vehicles.
Automakers win $178 million in Australia aid to support manufacturing jobs
GM’s Holden unit has cut jobs over the past two years amid export pressure from a strong Australian dollar, the reduction of import tariffs and declining demand for the large cars in which local automakers specialize.
More carmakers embrace telematics
In its second coming, telematics appears to have greater appeal for vehicle original equipment manufacturers (OEMs), especially in North America.
Market participants’ rose-tinted view of the future might not be entirely unfounded, going by the success of the Hyundai Bluelink, BMW Assist, GM OnStar and several other connected services in vehicles.
