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GM Korea, Union Reach Tentative Deal

After weeks of negotiating, GM Korea and its labor unions have reached a tentative deal. The deal, for now, will prevent General Motors South Korean division from filing for bankruptcy.  The automaker had previously imposed a deadline of Monday to reach a deal regarding wage concessions for about 2,600 GM Korea employees. In February GM Korea announced plans to close…

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Mercedes May Supply Volvo Engines

Mercedes-Benz parent Daimler AG says the company is open to the idea of supplying Volvo engines. The procurement would come as part of increased cooperation between the German automaker and Volvo owner Geely.  This isn't the first chatter of alliances between the two automakers. Geely Chairman Li Shufu recently bought a $9 billion stake in Daimler AG. Shufu says the stake…

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GM Korea, Union Fail to Reach Agreement

General Motors Korean division and its union workers have reportedly failed to reach an agreement. The company has previously said Friday, April 20th is the deadline before GM Korea will file for bankruptcy.  Reuters is reporting a GM Korea spokesperson has confirmed the two parties have failed to reach any agreements thus far, but will continue talking throughout the day. The…

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GM Replaces Cadillac President

Today General Motors promptly replaced Cadillac chief Johan de Nysschen, who left the company immediately. de Nysschen has been running Cadillac since August 2014 with unprecedented autonomy to manage GM's flagship brand.  Among de Nysschen's bold moves with Cadillac is the brand's move from Michigan to New York City. Its trendy SoHo headquarters was considered an imperative in de Nysschen's turnaround…

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China Ending Ownership Caps on Foreign Automakers

China has announced it will end ownership caps on foreign automakers in 2022. As part of the changes, restrictions on new-energy vehicle ventures will also be removed this year. This major shift in policy will open new doors for global automakers in the world's largest car market.  Companies building battery-electric or plug-in hybrid vehicles will have ownership restrictions removed this…

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Mercedes-Benz Collection Subscription Begins Trials in 2 U.S. Cities

Mercedes-Benz is officially throwing its hat in the vehicle subscription game. The German luxury brand has announced plans to trial a new Mercedes-Benz Collection subscription program in Nashville, Tennessee and Philadelphia, Pennsylvania.  The general workings of Mercedes-Benz Collection is similar to other vehicle subscription services. Consumers will select a package for a fixed monthly price to gain access to Mercedes-Benz…

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Tesla Targeting November 2019 for Model Y SUV Production

Tesla is reportedly targeting November 2019 to begin producing its upcoming Model Y SUV. Of course, Tesla's track record when it comes to meeting production targets is marginal at best, but nonetheless the company is beginning to source suppliers for the Model Y.  Reuters has learned through sources Tesla has began communicating with suppliers for the Model Y, though details provided…

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