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GM delivers first components for US interceptor missiles
AFP2d agobearish
GM delivers first components for US interceptor missiles

General Motors has delivered its first components for Lockheed Martin interceptor missiles as the defense contractor boosts production to rebuild US stocks in the middle of the Iran war and to meet international demand, Lockheed said Thursday."This extraordinary 22‑day turnaround underscores Lockheed Martin's relentless focus on execution -- delivering for our troops faster, with greater capacity," said Tim Cahill, president of Lockheed Martin Missiles and Fire Control.

Ford Faces ‘Profound Concern’ Over China Ties. What That Means for the Stock.
Barrons.com10d agobearish
Ford Faces ‘Profound Concern’ Over China Ties. What That Means for the Stock.

The letter takes aim at Ford’s licensing of Chinese battery technology and joint venture with Chinese auto maker Geely in Europe. “And the Company’s ongoing talks with BYD for hybrid vehicle components could lead to further embedding subsidized foreign technology into Ford’s core supply chains.” Ford posted a response online challenging how some of Duffy’s concerns were framed.

Workers reeling after VW cuts open door to factory closures
AFP15d agobearish
Workers reeling after VW cuts open door to factory closures

The day after Volkswagen management, shareholders and unions agreed to cut a total 100,000 jobs over the coming years, automotive workers told AFP Friday they were feeling a mix of fury and disappointment.Management and unions agreed Thursday only to seek "alternative uses" for the plants.

General Motors (GM) Faces Safety Probe Over Engine Failures in Nearly 1 Million Vehicles
Insider Monkey22d agobearish
General Motors (GM) Faces Safety Probe Over Engine Failures in Nearly 1 Million Vehicles

On August 21, Reuters reported that the National Highway Traffic Safety Administration opened an engineering analysis covering 997,743 General Motors Company (NYSE:GM) pickups and SUVs equipped with the L87 V-8 engine. The probe spans model years 2021 through 2026 and includes the Cadillac Escalade, Chevrolet Silverado 1500, and GMC Yukon, some of GM’s most profitable […]

What Does General Motors (GM) Face In The 1.1 Million Vehicle Brake Probe?
Simply Wall St.24d agobearish
What Does General Motors (GM) Face In The 1.1 Million Vehicle Brake Probe?

General Motors (NYSE:GM) faces a federal investigation into potential brake failure risks affecting over 1.1 million vehicles equipped with its eBoost brake-by-wire system. US safety regulators opened the probe to assess reports of braking performance issues and possible safety hazards for drivers. The review could lead to recalls, repairs, or other corrective actions depending on the investigation findings. Investors are monitoring potential regulatory, legal, and reputational impacts for...

GM Faces Safety Probe Over Engine-Failure Concerns in Nearly One Million Vehicles
The Wall Street Journal29d agobearish
GM Faces Safety Probe Over Engine-Failure Concerns in Nearly One Million Vehicles

Federal auto-safety regulators are opening an investigation into nearly one million General Motors pickup trucks and sport-utility vehicles after receiving hundreds of reports of engine failures. The National Highway Traffic Safety Administration said Friday it was launching the probe into vehicles equipped with a particular GM V-8 engine that had already been the subject of an earlier recall. The regulator has received nearly 500 complaints alleging engine failure in vehicles that had already been serviced under recall, including nearly two dozen that required complete engine replacements.

NHTSA opens probe into nearly 1 million GM pickups, SUVs over engine failure concerns
Reuters29d agobearish
NHTSA opens probe into nearly 1 million GM pickups, SUVs over engine failure concerns

National Highway Traffic Safety Administration ‌said on Friday it has ‌opened a probe into 997,743 General Motors ​pickup trucks and SUVs over concerns related to engine failure. The vehicles include the Cadillac Escalade, Chevrolet ‌Silverado 1500 ⁠and GMC Yukon, among others, from model years 2021-2026 ⁠equipped with GM's L87 engines.

Stellantis Recalls Almost 1 Million Cars; Stock Falls To All-Time Low
Investor's Business Daily32d agobearish
Stellantis Recalls Almost 1 Million Cars; Stock Falls To All-Time Low

Stellantis stock tumbled to a new low on Monday after it announced a recall of almost 1 million vehicles worldwide. The recall is a software issue in the radio systems of Jeep, Dodge and Chrysler brand cars. The glitch interferes with their rear view cameras, the company said, but will be fixed via an over-the-air software update.