GM, Unifor go from strife to ‘right solutions’

The past year presented one of the most complex operating environments in Ally's history, CEO Jeff Brown told investors.

GM's comments came after authorities in Maharashtra earlier this week rejected the automaker's application to cease operations at its plant in the western Indian state amid protests by workers.

The proposed deal with a special-purpose acquisition company is set to value the combined entity at more than $2 billion, Bloomberg reported.

The automaker, whose brands include Porsche, Audi and Bentley, said a robust sales recovery in the second half helped earnings.

CEO Carlos Tavares will have an unusually large number of direct reports at Stellantis. He says that digital tools developed in the pandemic will make it possible to govern the far-flung group, which will sell cars in more than 130 countries.

Founder and former CEO Langley Steinert will now be executive chairman of the expanding vehicle listings company.

NHTSA this week ordered the automaker to issue a recall for the late-model vehicles due to potentially defective Takata airbag inflators. Ford separately disclosed it expects to record a pretax remeasurement loss of $1.5 billion in the fourth quarter related to pension and other post-employment benefits plans.

Congress has not boosted the 18.4-cents-per-gallon federal gasoline tax since 1993. At his confirmation hearing, Pete Buttigieg told senators an increase in the gas tax is one possible way to fund infrastructure improvements.

The event was scheduled to run March 26 through April 4 at the Walter E. Washington Convention Center in the nation's capital.

The study found that the likelihood for EV owners to purchase another EV from the same brand lessens as satisfaction declines.