Tag: #GeneralMotors
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Strong demand for large autos in the US boosts General Motors’ fourth-quarter profits
New York, Feb 10 (AFP/APP): Strong demand for large autos in the United States boosted General Motors’ fourth-quarter profits as the big automaker projected Wednesday higher 2021 operating earnings despite a global semiconductor supply shortage. GM reported fourth-quarter profits of $2.8 billion, compared with a loss of $194 million in the year-ago period. Revenues rose 21.7 percent…
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Industry races to meet demand for ventilators
Paris, March 25 (AFP/APP): Manufacturers are on a mission to produce desperately needed medical ventilators for the coronavirus pandemic, even if it means converting assembly lines now making auto parts. Along with a shortage of masks and gloves, the spread of COVID-19 to almost every corner of the globe has highlighted a great need for…
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US adds 128,000 jobs in October
Washington, Nov 1 (AFP/APP): The US labor market took a punch in October from an extended strike at General Motors but the economy continued to add jobs at a solid pace, according to official data released Friday. The steady hiring showed demand for workers remained resilient despite President Donald Trump’s protracted trade war with China,…
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UAW says it has ratified General Motors contract
New York, Oct 26 (AFP/APP): General Motors hourly workers ratified a new contract with the auto giant on Friday, ending the longest automotive strike in nearly 50 years. The package includes an $11,000 ratification bonus, wage increases and no increases in health care costs, said statements from GM and the United Auto Workers, touting the…
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GM temporarily lays off 6,000 workers in Mexico due to strike
New York, Oct 2 (AFP/APP):General Motors has laid off 6,000 workers in Mexico temporarily due to a US labor strike, which has disrupted production at two plants south of the border manufacturing pickup trucks, the company said Tuesday. The layoffs affect the Silao assembly and transmission plants in central Mexico, where work has been “disrupted…