On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Some workers at the Arlington General Motors plant are taking time away from the production line this week to provide some hands-on community service.
General Motors says it will hire up to 500 people to staff a new computer center in Austin. The automaker says it will hire software developers, project managers, database experts and business analysts.
Arlington’s General Motors plant will add another 800 jobs by the first quarter of 2013 to continue to meet production goals without demanding overtime of its shift workers, the Detroit-based automobile manufacturer announced Friday.
A risk of engine fires is forcing General Motors to recall its popular Chevrolet Cruze. The recall covers the 2011 and 2012 models and affects more than 475,000 cars.
The public will get a rare chance to see what goes on behind the walls at Arlington’s General Motors plant. GM is offering free tours of the manufacturing facility on Highway 360.
A two-alarm fire broke out at the General Motors Plant just after noon on Saturday, causing employee evacuations but no injuries, an Arlington Fire Department dispatcher said.
General Motors is suspending production of its Chevrolet Volt electric car for five weeks — March 19 to April 23 — amid disappointing sales.
In a campaign trail attack on subsidized electric cars, Newt Gingrich said, “You can’t put a gun rack in a Volt.” A Volt owner has set out to prove him wrong.
General Motors Co. (GM) plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried employees annual bonuses but not pay raises in an effort to hold down expenses.
It’s the second big expansion announcement at the General Motors plant in Arlington in less than a year. GM is building a $200 million parts manufacturing plant that will being 180 jobs to North Texas.
General Motors is on track to retake the title of world’s top-selling automaker, riding strong sales in the U.S. and China to beat Volkswagen and Toyota.