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  • September 1, 2014
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  1. Business - Money

    GM to buy back some preferred shares from UAW trust for US$3.2b

    Posted Sep 24th 2013, 11:54am by Reuters

    ... at US$27 a share, GM said it would raise funds with a debt offering. The UAW trust, which manages retiree health benefits for blue-collar auto workers, received an 8 per cent premium on what ... further in the future. GM did not specify how much it would raise but said the debt would be five-, 10- and 30-year senior unsecured notes, which would be offered on or before September 30. ...

  2. Business - Companies

    GM plans to more closely intertwine Buick and Opel brands

    Posted Sep 18th 2013, 11:49am by Reuters

    ... Motors more closely integrates global product development between Buick and GM’s German brand Opel. GM is hoping to strengthen both brands by more closely aligning their products, a strategy ... and Cadillac into stand-alone global brands, GM now intends to cover global markets with a combined Buick/Opel product portfolio, with Opel-branded vehicles built and sold primarily in Europe ...

  3. Business - Companies

    GM working on 200-mile electric car, exec says

    Posted Sep 17th 2013, 10:59am by AP

    ... Currently GM sells the US$35,000 Chevrolet Volt plug-in hybrid, which can go 38 miles (61 kilometres) on electricity before a gas-powered generator kicks in. It also offers the all-electric Chevy ... around a 200-mile range and cost about US$35,000. It could go on sales as early as the end of 2016, he has said. GM has taken a different approach from Tesla, Parks said, pricing electric ...

  4. Business - Companies

    Government sells another US$811m in GM stock

    Posted Sep 11th 2013, 12:25pm by AP

    ... million worth of GM common stock last month. The report dated Tuesday says the government has recovered about US$35.4 billion of the US$49.5 billion bailout it gave the Detroit automaker. That means taxpayers are still US$14.1 billion in the hole. The Treasury says the price per share of stock sold in July and August will be revealed at a later date. GM stock sold in a range ...

  5. Business - Companies

    GM says almost-driverless cars coming by 2020

    Posted Aug 29th 2013, 09:05am by AP

    ... called “Super Cruise” will use radar and a camera to steer cars, keeping them between the lane lines. The radar also will keep cars a safe distance from cars head of them. GM and other automakers ... recently, GM says engineers haven’t been able to steer with computers. The GM system uses computers to control electric power steering, keeping the car in its lane. The company says such a car could ...

  6. Business - Companies

    GM says August China auto sales up 11.2pc

    Posted Sep 04th 2013, 12:51pm by Reuters

    ... Reuters in Beijing and Shanghai General Motors and its Chinese joint ventures sold 245,799 vehicles in China in August, an 11.2 per cent increase from a year earlier, the US automaker said on Wednesday. In July, year-on-year vehicle sales rose 11.1 per cent. GM makes vehicles in China in partnership with FAW Group and SAIC Motor. ...

  7. Business - Companies

    GM plans gradual pullout of South Korea as labour costs surge

    Posted Aug 12th 2013, 02:39pm by Reuters

    ... for a fifth of its global production, three individuals familiar with GM’s thinking said. The US automaker’s plan, which already appears to have been put into action with recent decisions to shift ... due to the sensitivity of the matter. “If something goes wrong in Korea, whether it is cost, politics, or unions, it has an immediate impact.” GM made South Korea one of its main production ...

  8. Business

    Ex-GM engineer, husband convicted of trade secrets theft

    Posted Dec 01st 2012, 03:03pm by Bloomberg in Michigan

    ... court jury in Detroit reached the guilty verdicts yesterday after a trial that started Nov. 5. Jurors began deliberating Nov. 29. The US claimed Shanshan Du, the ex-GM employee, copied ... or employment with GM’s competitors, including the Chinese automaker Chery Automobile Co. Qin was convicted of all seven counts. Du was convicted on three trade-secret counts, including conspiracy ...

  9. News - China - FOOD SAFETY

    GM foods in limbo in China as safety certificates expire

    Posted Aug 18th 2014, 05:36am by MANDY ZUO

    ... Mandy Zuo mandy.zuo@scmp.com Rice-tasting events continue as developers await nod for commercial sales GM foods in limbo as papers expire Safety certificates for the only homegrown ... staged GM rice-tasting events in Beijing and 22 other cities across the mainland, with some expecting the government to give the nod for commercialisation of one crop in five years. Watch: ...

  10. News - Hong Kong - CONSUMER AFFAIRS

    Greenpeace says lack of controls over GM foods in Hong Kong 'frightening'

    Posted Aug 07th 2014, 04:25am by Ernest Kao and Sarah Karacs

    ... Ernest Kao and Sarah Karacs Greenpeace says there are no regulations on sale of genetically modified products in the city and analysis and labelling should be enforced Lack of GM controls 'frightening' Greenpeace is calling for tests of all food entering Hong Kong to include mandatory analysis for GM products. Gloria Chang Wan-ki, the environmental group's programme manager, also ...




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