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Lawsuit accuses GM of using 'defeat devices' in diesel trucks

May 25- General Motors Co was accused in a lawsuit on Thursday of putting so-called "defeat devices," similar to those used by Volkswagen AG, into hundreds of thousands of its diesel trucks in order to pass federal emissions tests. The proposed class-action lawsuit was filed in the federal court in Detroit on behalf of people who own or lease more than 705,000...

Source: Reuters

GM dips after reported suit alleges diesel pickups are rigged to pass emissions tests

General Motors is being sued for allegedly rigging diesel engine versions of its Silverado and Sierra HD vehicles to pass emissions tests.

Source: CNBC.com

FACTBOX-How Ford, GM new models match up through 2020

May 25- Ford Motor Co and General Motors Co are spending about the same on engineering, research and development, but GM is bringing more new and redesigned models to market through 2020, according to two sources familiar with the companies' plans. Following is a year-by-year rundown of new U.S. models that analysts expect to see from Ford and GM.

Source: Reuters

GM to cut jobs in international HQ in Singapore -source

May 24- General Motors Co will slash headcount in its international headquarters in Singapore as part of its efforts to reduce exposure to unprofitable and unpromising markets. GM International- which oversees markets such as India, Southeast Asia, and South Korea, among others- will reduce its staff to about 50 from 180 by the year end, according to a person with...

Source: Reuters

Here's why Ford is panicking in self-driving cars: Alphabet is years ahead of everybody

Waymo, the car unit of Google parent company Alphabet, has driven more than 1000x as many self-driving miles as Ford.

Source: CNBC.com

Maybe Ford nixed its CEO because he was too much of a visionary

Fields largely crafted the "Way Forward" plan that let Ford avoid the bankruptcies unlike its Big Three rivals, NBC reports.

Source: NBC NEWS

Greenlight Capital Sends Letter to GM Shareholders Highlighting the Board’s Failure to Unlock Billions of Dollars of Value

NEW YORK---- Greenlight Capital, Inc. and its affiliates, which own 3.6% of the common stock of General Motors Company, making it GM’ s fifth largest public shareholder, is mailing a letter to GM shareholders highlighting that GM’ s Board of Directors has been unwilling to take the steps Greenlight believes are necessary to unlock billions of dollars of shareholder...

Source: Business Wire

Two key executives poised to shape Ford's future

Attention is on the new Ford CEO, Jim Hackett, but analysts are also watching two executives who report to him and may perhaps replace him in a few years.

Source: CNBC.com

Bill Ford says new CEO Hackett will 'transform Ford for the future'

Ford is replacing its chief executive, Mark Fields, after Fields has been criticized for the company's lagging financial results.

Source: CNBC.com

Ford Motor is replacing Mark Fields as CEO

Ford Motor is replacing its chief executive, Mark Fields, in a shake-up reflecting pressures on the American auto industry, the NYT reports.

Source: The New York Times