General Motors (NYSE:GM) and LG Chem today announced plans to mass-produce battery cells for future battery-electric vehicles. Together, the companies will invest up to a total of $2.3 billion through a new, equally owned joint venture company. The joint venture will establish a battery cell assembly plant on a greenfield manufacturing site in the Lordstown […]
GM Reports Over $3 Million Partner Perks Part Rebates Since Launch Earlier This Year
General Motors Customer Care and Aftersales (GM CCA) announced milestone growth, as well as a new enhancement to its my GM Partner Perks program. Launched earlier this year, my GM Partner Perks provides enrolled repair facilities and collision shops with a comprehensive parts loyalty program, rewarding on purchases of GM Genuine Parts, ACDelco, Chevrolet Performance […]
General Motors Files RICO Lawsuit Against Fiat Chrysler Over Labor Corruption Impact on Costs
Admissions in Justice Department investigation form basis of complaint. General Motors Co. (NYSE:GM) announced the filing of a federal racketeering lawsuit against FCA (FCA US LLC and Fiat Chrysler Automobiles NV) and former FCA executives who have pled guilty in an ongoing federal corruption probe. The lawsuit exposes a multi-year pattern of corruption that FCA […]
UAW Members Ratify New Four-Year Agreement with GM Ending Longest Strike in 50 Years
Agreement settles strike that began in Mid-September. UAW also reaches agreement to end Mack Truck strike and will begin bargaining process with Ford. General Motors Co. (NYSE:GM) announced that GM team members have ratified a new four-year labor agreement covering employees at 55 UAW-represented sites across the U.S. ending a strike that began on September […]
U.S. Army and General Motors Collaborate on Automotive Cybersecurity
Engineer exchange program focuses on vehicle penetration testing and risk analysis. The U.S. Army CCDC Ground Vehicle Systems Center (GVSC) and General Motors announced a new cooperative research and development agreement (CRADA) which aims to strengthen GM’s and the Army’s automotive cybersecurity expertise over the next two years. This marks the first automotive cybersecurity partnership […]
Reports Indicate Tentative Deal between Union and GM to Settle Strike Impacting Collision Repair Parts Supply
While union members may soon be back at work at General Motors, the United Auto Workers are striking at Mack Trucks. The UAW and General Motors are reported to have reached a tentative agreement to settle its strike with the vehicle manufacturer that has entered its fifth week. According to the report by CNBC, local […]
GM Announces Upcoming eCommerce Price Policy Establishing Electronic Minimum Resale Price
General Motors Customer Care and Aftersales division (CCA), announced yesterday that it will implement an Electronic Minimum Resale Price (eMRP) Policy in the U.S. for certain products, effective January 1, 2020. No specific information was included with the announcement, however the company said it will release details on the policy and the parts impacted on […]
Collision Repair Facilities Report Widespread Impact on Parts Supply from General Motors Strike
More than 80 percent of respondents report part supply issues on GM vehicles attributed to UAW strike. Collision repair facility operators across the U.S. are reporting they have experienced parts delivery delays on General Motors vehicles that have been attributed to the ongoing strike between the manufacturer and the UAW that began on September 16. […]
Genstar Capital Completes Acquisition of OEConnection
OEConnection LLC (OEC) and Genstar Capital announced they have finalized the deal for Genstar to acquire a majority stake in OEC from Providence Equity Partners that was announced in August. Current investors, Ford Motor Company and General Motors, will each retain their minority investments in the Company. Financial terms of the transaction were not disclosed. […]
General Motors Working to Alleviate Strike Impact on Collision Repair Parts Supply
General Motors, whose workers represented by the United Auto Workers union that initiated a strike on September 16, is working to alleviate parts supply concerns impacting the the auto service and collision repair industry. In response to our questions about the impact of the strike on collision repair parts supplies, a GM spokesperson explained that […]