DETROIT——General Motors' Chief Executive Mary Barra announced Monday that the company has agreed to sell its European manufacturing arm Opel to rival PSA Group, maker of Peugeot and Citron. The announcement prompted claims that GM has shied away from the region due to proposals by the new Trump administration to impose punitive tariffs on importers into the U.S. However, GM will continue to distribute its iconic Chevrolet and Cadillac brands in Europe and will be on the lookout for "future collaborations" in the region.
BOWLING GREEN, KY——The Corvette assembly plant here will shut down for 3 to 4 months beginning in June, and then undergo a multimillion-dollar expansion and retooling for the production of its 2018 models.
During the early decades of the 20th century, Skoda Auto was a Czech automobile manufacturer with a few small plants (in Mlada Boleslav, Kvasiny and Vrchlabi) and a strong desire to meet the mobility needs of its citizens. But, that all changed after World War II.
On the campaign trail, President Donald Trump promised to bolster U.S. manufacturing; slash the corporate tax rate; build a wall on our southern border to keep out illegal immigrants; and invest more than $1 trillion to upgrade the nation’s aging infrastructure.
WENTZVILLE, MO—A woman suspected in the stabbing of a worker at GM’s assembly plant here has turned herself in to police Thursday. A female employee at the plant was hospitalized Wednesday night was stabbed five times. The attacker was not employed at the factory.