The outlay includes $600 million for facility upgrades, including a new paint shop, at the automaker’s Flint, MI, assembly plant, and $121 million to build a logistics center at its Detroit-Hamtramck site....More
GM Holden's decision to end production in 2017 will put Toyota Australia’s manufacturing operations and local suppliers under acute pressure, President and CEO Max Yasuda says, making the need for changes more urgent than ever....More
U.S. Bankruptcy Judge Kevin Gross says the creditors' committee should have more time to complete its investigations, but attorneys for both the electric-vehicle maker and its creditors disagree....More
As historic as Mary Barra becoming the first female CEO of an automaker might be, experts say it also signals recognition of the complicated nature of a global, highly competitive and strictly regulated business....More
The lease expirations also will arrive just weeks after the U.S. government fully divests its stake in GM, which might erase a black mark against the automaker in the eyes of consumer boycotting its products....More
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