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General Motors sold its European unit Opel/Vauxhall earlier this year, but may return to the region not as a seller of mass-market cars, but possibly offering self-driving technology or mobility as a service, CEO Mary Barra said.
General Motors was accused of putting defeat devices in its trucks to beat emissions tests, the sixth carmaker linked to diesel cheating scandal since 2015, when Volkswagen admitted to installing software to bypass pollution rules.
General Motors reported its first quarterly profit in Europe in five years on Thursday, but the automaker warned that currency and market disruptions caused by the UK’s decision to quit the European Union could slash millions from its second-half results in the region.
General Motors Co said it was starting a car-sharing service in the United States as it joins at least two other automakers testing the market for consumers who want to borrow vehicles rather than own them.
General Motors Co. said today it is launching a car-sharing service called Maven in Germany and the U.S., joining at least two other automakers testing the market for consumers who want to borrow cars rather than own them.
General Motors Co will suspend production at its St. Petersburg auto assembly plant in Russia from mid-March until mid-May and is raising prices for its products because of the weak and volatile Russian ruble.
General Motors, Audi and Jaguar Land Rover temporarily stopped selling cars in Russia this week, deciding that taking a timeout from the market was the best way to deal with the ruble’s collapse.
General Motors Co. said it will reduce production at its plant near St. Petersburg, Russia, citing a continued slowdown of the country’s auto market. The plant, which makes Chevrolet Cruze, Opel Astra, and Chevrolet Trailblazer models, will only work four days in August and four in September, extending to eight in October, a GM spokesman said this week.
Russia’s falling ruble, shrinking car demand and threat of additional economic sanctions are hitting automakers such as Ford and General Motors’ Opel division just as their European operations are recovering from a six-year slump.
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