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General and Japan’s Softbank Group Corp are among the latest investors in Nauto, a Silicon Valley startup developing software for self-driving vehicles. Nauto, based in Palo Alto, said on Tuesday it closed a $159 million Series B funding round, led by…
Automakers sold a record number of vehicles during March, with General Motors leading in sales volume and posting its best monthly sales performance since 2008. Overall Canadian sales were driven by an 11.1 percent increase in consumer demand for pickups and…
France’s PSA Group is set to announce a deal to buy Opel from General Motors (GM.N) on Monday after striking an agreement with the U.S. carmaker and winning the blessing of its board for the acquisition. The maker of Peugeot, Citroen and DS cars said on…
As auto supplier Takata Corp (7312.T) prepares for a possible U.S. bankruptcy filing, potential bidders are poring over a recent U.S. court ruling that could expose a buyer to liability for the company’s defective air bags, sources have told Reuters. Takata…
General Motors Co (GM.N) plans to launch a new SUV production line at its joint venture factory in the Chinese central city of Wuhan during the first half of 2017, the official Xinhua News Agency reported on Sunday, citing company sources. SAIC General Motors…
GM Korea Co., the local unit of U.S. automaker General Motors Co., said Tuesday its sales dropped over 12 percent from a year earlier last month as both its domestic sales and exports suffered heavy losses. In September, the company sold 45,113 vehicles…
According to industry sources on April 10, GM Korea reported 594.4 billion won (US$515.30 million) in operating losses and 986.8 billion won (US$855.48 million) in net losses last year. It is the worst-ever performance since its establishment in 2002.…
General Motors Co. and its joint ventures set a record for retail sales to consumers in China last year, delivering 3.61 million vehicles and the company expects further growth in 2016. The carmaker said Wednesday that China remains the company’s largest…
