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DETROIT—General Motors and LG Chem will form a joint venture company to mass-produce batteries for electric vehicles. Together, the companies will invest up to $2.3 billion in the company, which will establish an assembly plant on a greenfield site in the Lordstown area of Northeast Ohio. The project is expected to create more than 1,100 new jobs.
DETROIT—General Motors CEO Mary Barra joined negotiators at the bargaining table, an indication that a deal may be near to end a monthlong strike by members of the United Auto Workers union that has paralyzed the company’s factories.
On July 15, the United Auto Workers formally began talks with Ford, General Motors and Fiat Chrysler on a new four-year contract. It was all smiles and handshakes to start, but negotiations will surely get testy before the current contract expires Sept. 14.
In April, Ford Motor Co. announced that it would stop selling the Taurus, Fusion, Fiesta and C-Max passenger cars, leaving only the Mustang to be sold in North America.
FLINT, MI—General Motors Co. plans to invest $150 million in its Flint Assembly Plant to increase production of Chevrolet Silverado and GMC Sierra heavy-duty pickups.
ROANOKE, IN—General Motors Co. is investing $24 million to upgrade its Fort Wayne Assembly plant here to increase production of the all-new Chevrolet Silverado 1500 and GMC Sierra 1500 pickups, especially crew cab models.
When General Motors opened the Detroit Transmission plant in Livonia, MI, in 1949, the 1.5-million-square-foot facility sym-bolized the resounding success of the most popular component in American automobiles—the Hydra-Matic Drive transmis-sion.