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☆ GM President on UAW negotiations: A strike hurts 'everybody', it would be a 'very sad outcome'
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGM President on UAW negotiations: A strike hurts 'everybody', it would be a 'very sad outcome'CNBC’s Phil LeBeau with GM North America President Mark Reuss join 'Closing Bell' to discuss the UAW potential strike, automotive plants and impact of a potential strike.

Persons: Phil LeBeau, Mark Reuss Organizations: UAW, GM North America

DETROIT (AP) — Leaders of the United Auto Workers union are considering targeted strikes at a small number of factories run by each of Detroit's three automakers if they can't reach contract agreements by a Thursday night deadline. At the Tuesday meeting, Fain didn't say whether the union would target vehicle assembly plants or component factories, one of the people said. Strikes at parts plants could force production halts at multiple assembly factories. The union and companies have said they’re willing to talk in an effort to work out deals before the deadline. Yet there was optimism on both sides that they still could reach reach deals before the deadline.

Persons: Shawn Fain, Fain, Ford, “ We’ve, Mark Reuss, ” Reuss, it’s Organizations: DETROIT, —, United Auto Workers, UAW, General Motors, Stellantis, Automotive, U.S, Labor, GM, Ford, Fiat Chrysler Locations: Detroit, Stellantis, Korean

☆ US auto labor talks intensify near strike deadline
▼ + stars: | 2023-09-12 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsWASHINGTON, Sept 12 (Reuters) - Talks between the Detroit Three automakers and United Auto Workers union are nearing a Thursday night deadline to reach a deal on a new contract before a potential walkout by 146,000 U.S. autoworkers. Coordinated strikes would mark the first-ever simultaneous labor stoppage at all three Detroit automakers and one of the largest U.S. industrial labor actions in recent years. LAST DAYS BEFORE DEADLINEThe UAW on Friday had rejected revised offers from Stellantis, General Motors (GM.N) and Ford Motor (F.N). GM said Tuesday CEO Mary Barra decided not to attend Business Roundtable meetings in Washington on Wednesday and Thursday because of the labor talks. "She changed her plans in order to stay close to the labor negotiations process," GM spokesperson Jeannine Ginivan said.

Persons: Rebecca Cook, Shawn Fain, Nancy Pelosi, Pelosi, Fain, We've, Bernie Sanders, Mark Reuss, Mary Barra, Barra, Jeannine Ginivan, Stellantis, David Shepardson, Ben Klayman, Nick Zieminski, Deepa Babington Organizations: UAW, General Motors Detroit, Hamtramck, REUTERS, Rights, Detroit Three, United Auto Workers, autoworkers, General Motors, Ford Motor, Chrysler, Detroit, Anderson Economic Group, GM, Ford, CNN, Automotive, Business, Reuters, Thomson Locations: Hamtramck , Michigan, U.S, Stellantis, Michigan, Detroit, Washington

☆ GM exec says UAW demands 'would threaten...manufacturing momentum'
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: 1 min

The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. REUTERS/Daniel Becerril Acquire Licensing RightsCompanies General Motors Co FollowDETROIT, Sept 5 (Reuters) - General Motors' (GM.N) global head of manufacturing, Gerald Johnson, said in a video statement released on Tuesday the demands received from the United Auto Workers union have “significant costs attached that would threaten our ability to maintain our manufacturing momentum.”Johnson appeared in the video with GM President Mark Reuss. Both executives reiterated they want to reach a "fair" agreement without a strike. The executives did not detail GM's economic proposals to the UAW. Reporting By Joe White; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Becerril, Gerald Johnson, ” Johnson, Mark Reuss, Joe White, Leslie Adler Organizations: Motors, Ramos Arizpe, REUTERS, General Motors, United Auto Workers, GM, UAW, Thomson Locations: Ramos, Coahuila, Mexico, DETROIT

☆ Here's a first look at GM's new all-electric Cadillac Escalade IQ, starting at $130,000
▼ + stars: | 2023-08-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

GM President Mark Reuss during the reveal of the all-electric 2025 Cadillac Escalade IQ on Aug. 9, 2023 in New York City. Michael Wayland / CNBCThe Escalade IQ is the first – and most important – traditional Cadillac model to be released as an EV. 'It's American luxury'The Escalade IQ features a much smoother, more aerodynamic exterior than the current Escalade, with overall styling more similar to Cadillac's current EVs than its gas- and diesel-powered siblings. Powerful, fast chargingThe Escalade IQ will feature up to 750 horsepower and 785 pound-feet of torque with a performance "Velocity Max" mode. The Escalade IQ features a host of standard safety and convenience features, including GM's Super Cruise hands-free highway driving system and an available 40-speaker KG audio system.

Persons: Cadillac Escalade, Mark Reuss, Michael Wayland, It's, Reuss, haven't, Michael Simcoe, Tyson Jominy, Escalade, Mandi Damman Organizations: Cadillac, Motors, Detroit, GM, EV, CNBC, GMC Hummer, Chevrolet Silverado, Cruise, Arlington Assembly, Chevrolet, GMC Locations: New York City, Detroit, Texas

☆ 5 things everyone is getting wrong about electric cars
▼ + stars: | 2023-06-16 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +5 min

As electric vehicles enter the market, misconceptions abound regarding the cars and how automakers can remain profitable while ditching the internal combustion engine, says Mark Reuss, General Motors' president. Companies need hybrids to bridge the gap to full EVsSome automakers have been making the transition to electric lineups with a pit stop: hybrids. Toyota, for example, has invested in hybrids in addition to electric products and has faced skepticism from the industry as a result. "We're not going to dilute our investment with hybrids," Reuss said, adding that the automaker expects its EV business to be profitable by 2025. The charging experience and the driving experience are one and the sameReuss said it can be frustrating to see drivers rate vehicles based on the charging experience alone.

Persons: Motors, Mark Reuss, General Motors, Reuss, Tesla, We're, It's, " Reuss, that's Organizations: General, GM, Toyota, Chevrolet, GM's Tech, Ford, GM Energy, GMC Hummer, EV

☆ Police officer shot during raids in German Reichsbuerger probe
▼ + stars: | 2023-03-22 | by ( Madeline Chambers | ) www.reuters.com time to read: +3 min

The searches follow raids in December, when German police foiled a plot by members of the Reichsbuerger movement to stage a violent coup and install aristocrat Heinrich XIII Prinz Reuss as national leader. One SEK officer was slightly injured and a suspect Reichsbuerger was arrested in Reutlingen during nation-wide raids in the extreme far-right movement. REUTERS/Markus Ulmer 1 2 3 4 5Germany's domestic intelligence service Verfassungsschutz put the Reichsbuerger movement under observation in 2016. The measure is related to the Reichsbuerger scene. "In an exchange of fire, a police officer was shot in the arm," prosecutors said in a statement.

☆ How Elon Musk Ruined Tesla, Let Other Car Companies Catch up on EVs
▼ + stars: | 2023-02-26 | by ( Nora Naughton | ) www.businessinsider.com time to read: +12 min

"I feel stupid driving around with my brand-new Tesla Model Y," Mark told me. Tesla spent the past two decades defying expectations and disrupting the automotive industry, but in 2023 the once revolutionary car company did the seemingly unthinkable: It turned fanboys against it. But after years of rocketing ahead of legacy car companies' tech, the futuristic guts of Tesla's vehicles have started to go stale. Companies like Ford and Audi are changing their sales strategies to model Tesla's innovative direct-sales style. These companies have something Musk doesn't: nationwide networks of brick-and-mortar locations where customers can have their vehicles serviced and repaired.

Suppliers familiar with GM's production plans through 2025 support the notion the automaker continues to slow-walk electric vehicle investment and output while it continues to bank money from its big combustion-engine pickups and SUVs. GM on Tuesday stuck to its plan to produce a total of 400,000 electric vehicles for North America from 2022 through the first half of 2024. GM said it has secured all the battery materials it will need to build 1 million EVs a year in North America by 2025. In the short run, GM's go-slow approach could allow it to side-step the price war that Tesla launched earlier this month. The division has 90,000 reservations for the high-performance Hummer EVs and is sold out into next year, he said.

☆ A 75-year-old woman who led far-right extremists accused of an elaborate coup plot to topple the German government
▼ + stars: | 2023-01-28 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +5 min

Five members of a German extremist group were charged with treason for a coup plot. This belief ties in with the country's nascent Reichsbürger movement, or "Citizens of the Reich," which does not recognize Germany's current parliamentary democracy as legitimate. As of 2022, there are approximately 23,000 Reichsbürger members in Germany, the Federal Office for the Protection of the Constitution estimated. Getty ImagesThis week's indictment follows another widely reported coup attempt — one that the principles of the Reichsbürger movement also guided. The multiple coup attempts and the rise of the Reichsbürger movement point to a growing trend of extremist ideology in Germany and across the European continent.

☆ Why GM's new Chevy Corvette is a hybrid and not an all-electric car
▼ + stars: | 2023-01-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

The Detroit automaker had discontinued all hybrids, including plug-in hybrids, to focus investment on all-electric vehicles. So why make a hybrid Corvette? 2024 Chevrolet Corvette E-Ray hybrid sports car GMThe C8 features an exclusive Corvette engine and architecture. The hybrid system was specifically designed for the eighth-generation Corvette, according to Harlan Charles, Chevrolet Corvette product marketing manager. 2024 Chevrolet Corvette E-Ray hybrid sports car GM

☆ Electric cars are killing the car dealership as we know it
▼ + stars: | 2023-01-12 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

The dealership model, in which retailers buy from automakers and sell vehicles to consumers, has been protected for nearly a century by robust franchise laws. Thanks to the disruption caused by EVs, car shoppers of all kinds can expect to spend less time wandering dealership lots, talking with salespeople, and haggling over pricing. Companies like GM and Ford are trying to strike a balance between direct sales and the dealership model. Still, two-thirds of Ford dealers have signed on for the program, according to CEO Jim Farley. With the launch of the Cadillac Lyric, GM used a digital retail network that allows car shoppers to complete transactions entirely online, in the dealership, or a hybrid of both.

☆ A bizarre far-right coup plot uncovered in Germany hints at a much more sinister trend
▼ + stars: | 2022-12-21 | by ( Alexander Clarkson | World Politics Review | ) www.businessinsider.com time to read: +11 min

In early December, German police uncovered a plot by far-right conspirators to mount a coup. It is widely acknowledged that the electoral appeal of the far-right Alternative for Germany, or AfD, to about 10% of German voters is a matter of great concern. This image of political stability, though not unjustified, caused many observers to downplay the revelation in early December that German police had uncovered an organized plot by a network of far-right conspirators to mount a coup. German police and intelligence services had to take the threat this network represented seriously. This complacency gave the East German Stasi and other Soviet-bloc intelligence services opportunities to reach out to emerging radical networks willing to destabilize the Federal Republic at the time.

☆ German Terrorism-Plot Suspect Met Russian Diplomats, Officials Say
▼ + stars: | 2022-12-14 | by ( Bojan Pancevski | ) www.wsj.com time to read: 1 min

BERLIN—The alleged leader of a suspected far-right terrorist cell that German authorities dismantled last week met with Russian diplomats in what investigators believe was a failed bid to obtain support for his plot to overthrow the government, German officials said. Prince Heinrich XIII of Reuss, who was arrested alongside 24 other people following a monthslong investigation into an alleged conspiracy to commit armed attacks on parliament, had contacted the Russian general consulate in the city of Leipzig and met diplomats there during a reception for a Russian national holiday, officials said.

This week she was arrested in a raid as part of a group suspected of plotting to violently overthrow the German government. Prosecutors have said the 58-year-old, a member of the far-right Alternative for Germany (AfD) party, was to become justice minister in a new state headed by aristocrat Heinrich XIII Prinz Reuss after the coup. The AfD said in a statement on Wednesday that it condemned the efforts of the suspected plotters. The inscription 'To the German people' is written above the entrance to the Reichstag building, the seat of Germany's lower house of parliament Bundestag, in Berlin, Germany December 9, 2022. Nationwide it is polling at 14%, making it the most successful far-right party in Germany since World War Two.

☆ Who is Prince Heinrich XIII of Reuss? Germany's far-right coup plotter explained
▼ + stars: | 2022-12-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +5 min

Heinrich XIII, 71, belongs to the House of Reuss, an ancient royal lineage that ruled parts of what is now Thuringia in central Germany for hundreds of years until 1918. In an eccentric quirk dating back to the 12th century, male heirs to the Reuss throne are all called Heinrich, followed by a number. Heinrich may claim the hereditary title, but the House of Reuss is less than pleased with him. The House of Reuss disowned Heinrich XIII even before Wednesday’s arrest. In short, Heinrich XIII argues that Germany as we know it doesn’t exist.

☆ More arrests expected in German coup plot in coming days, say authorities
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +2 min

[1/2] Police escorts a person after 25 suspected members and supporters of a far-right group were detained during raids across Germany, in Karlsruhe, Germany December 7, 2022. REUTERS/Heiko BeckerBERLIN, Dec 8 (Reuters) - German authorities expect further arrests and raids in the coming days in connection with a far-right group that prosecutors say were preparing a violent overthrow of the state to install a former member of a German royal family as national leader. "Based on my experience, there is usually a second wave of arrests," Georg Maier, the interior minister of the eastern German state of Thuringia, told broadcaster Deutschlandfunk on Thursday. Twenty-five members and supporters of the group were detained on Wednesday in raids involving some 3,000 security personnel that Maier described as unprecedented in modern German history. Reporting by Miranda Murray, editing by Kirsti Knolle and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

MAINZ, Germany — Authorities in Germany arrested 25 people on Wednesday who are suspected of planning to violently overthrow the government in a far-right extremist plot. It is centered on the so-called Reichsbürger, or Reich Citizens, movement which is motivated by conspiracy theories about the role and legitimacy of the modern German state. The homes of a further 27 people suspected of being members or supporters of the group have been searched. The German armed forces have been beset by a series of scandals involving personnel belonging to far-right groups. German prosecutors note, however, that there is no evidence Russian officials reacted positively to the request.

☆ Heinrich XIII: the prince suspected of plotting to be German kaiser in coup
▼ + stars: | 2022-12-07 | by ( Sarah Marsh | ) www.reuters.com time to read: +4 min

BERLIN, Dec 7 (Reuters) - Heinrich XIII Prince Reuss is one of the last descendents of a dynasty that once ruled over swathes of eastern Germany. He is suspected of hoping to become the country's new leader in a violent coup to overthrow the democratic order. Neither the House of Reuss nor Prince Reuss' Office responded to requests for comment. "If things didn’t work well, you just went to the prince," Heinrich said. Police also searched his hunting lodge in Thueringen where he was suspected of stockpiling weapons, according to the Ostthueringer newspaper.

☆ Germany arrests 25 suspected of far-right plot to overthrow state
▼ + stars: | 2022-12-07 | by ( ) www.cnbc.com time to read: +3 min

Numerous officers were deployed in several federal states, said a spokeswoman for the Karlsruhe-based authority . German authorities on Wednesday detained 25 members and supporters of a far-right group that the prosecutor's office said were preparing a violent overthrow of the state, with some members suspected of plotting an armed attack on the parliament. Prosecutors said the raids were conducted by more than 3,000 police officials and security forces across 11 German federal states. Suspects were arrested in the German states of Baden-Wuerttemberg, Bavaria, Berlin, Hesse, Lower Saxony, Saxony, Thuringia as well as in Austria and Italy, said the office. The group's ideology is in the same vein as the far-right Reichsbuerger movement and QAnon conspiracy theorists who share the deep conviction that Germany is ruled by a "Deep State", the office.

☆ Why GM's happy to keep spending billions on self-driving while rivals like Ford abandon ship
▼ + stars: | 2022-12-05 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

GM's Cruise is still pushing forward after Ford's Argo called it quits. Profitability is not yet the marker of success for Cruise, GM president Mark Reuss said. In fact, GM's self-driving outfit is now embarking on the commercialization phase of its robo-taxi service, after a successful nighttime pilot in San Francisco earlier this year. That's essentially the opposite approach from crosstown rival Ford, which last month gave up on its money-losing self-driving unit, Argo. That set off alarm bells for investors in the autonomous vehicle space, hammering AV startup stocks.

☆ 5 things automakers and car shoppers are getting wrong about electric vehicles, according to GM's president
▼ + stars: | 2022-12-02 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +5 min

GM is looking to position itself as a leader in electric vehicles, putting billions of dollars toward electrifying its fleet and promising a future without fossil-fuel emissions. Companies need hybrids to bridge the gap to full EVsSome automakers have been making the transition to electric lineups with a pit stop: hybrids. Toyota, for example, has invested in hybrids in addition to electric products and has faced skepticism from the industry as a result. "We're not going to dilute our investment with hybrids," Reuss said, adding that the automaker expects its EV business to be profitable by 2025. The charging experience and the driving experience are one and the sameReuss said it can be frustrating to see drivers rate vehicles based on the charging experience alone.

☆ GM to launch electrified version of Corvette sports car by next year
▼ + stars: | 2022-04-25 | by ( ) www.reuters.com time to read: 1 min

April 25 (Reuters) - General Motors Co (GM.N) President Mark Reuss said on Monday the automaker would launch an electrified version of its two-door Corvette sports car as soon as next year. The company will launch an electrified version of the Corvette, which will be followed by an all-electric version using GM's Ultium battery technology, Reuss said on LinkedIn. His comments about launching an electric Corvette were aired earlier on an interview with CNBC. GM's Corvette that has traditionally been fitted with petrol engines, races to keep up with other competitors in the space, such as Ferrari NV (RACE.MI), which offer gasoline-electric hybrid and turbocharged engines. Reporting by Nathan Gomes in Bengaluru; Editing by Amy Caren DanielOur Standards: The Thomson Reuters Trust Principles.

☆ The Chevrolet Corvette is officially going electric
▼ + stars: | 2022-04-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —General Motors will produce a fully electric Chevrolet Corvette, GM President Mark Reuss announced in a LinkedIn post Monday morning. Reuss didn’t say when the electric Corvette would come, but he hinted that a hybrid model could come relatively soon. An accompanying video the company posted to Twitter showed what appeared to be a hybrid Corvette, and in another first, showed the front wheels spinning and throwing snow as if being powered. A 670 horsepower Corvette Z06 with a 5.5-liter V8 was unveiled last fall. Reuss has previously implied a hybrid Corvette was possible.

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