General Motors

    • GM changes the money making policy to target $1.3 trillion markets

      GM changes the money making policy to target $1.3 trillion markets

      The carmaker giant General Motors announced changes in its strategic priorities that will allow the company to explore new possibilities not related to the production of vehicles, Reuters reported. GM is planning new ventures from commercial delivery services to vehicle insurance, to address future markets worth an estimated $1.3 trillion. That doesn’t include flying cars, a market sector that alone could be worth $1.3 trillion, veteran engineer Pam Fletcher told Reuters.

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    • 46,000 GM auto workers strike in US

      46,000 GM auto workers strike in US

      The United Auto Workers union began a nationwide strike against General Motors on Monday, with some 46,000 members walking off the job after contract talks hit an impasse. The move to strike, which the Wall Street Journal described as the first major stoppage at GM in more than a decade, came after the manufacturer's four-year contract with workers expired without an agreement on a replacement.

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