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General Motors facing US$2 billion loss due to semiconductor shortage
News
11th Feb 2021
1 min read

General Motors facing US$2 billion loss due to semiconductor shortage

General Motors' profits could fall by US$2 billion (AU$2.6 billion) in 2021, due to an ongoing international shortage of semiconductor chips. The Detroit-based automotive conglomerate made the grim predictions during an offical statement, following the release of its fourth quarter 2020 earnings report.
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William Davis
Microsoft invests heavily in autonomous tech firm Cruise
News
20th Jan 2021
2 min read

Microsoft invests heavily in autonomous tech firm Cruise

Microsoft has invested heavily in autonomous driving firm Cruise, initiating a alliance that will "bring together [shared] software and hardware engineering excellence, cloud computing capabilities, and manufacturing know-how." The software giant made its initial contribution as part of a recent US$2 billion (AU$2.6 billion) funding round, which reportedly lifted the start-up’s market value above US$30 billion (AU$39 billion).
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William Davis
General Motors unveils all-new logo to signal new company direction
News
11th Jan 2021
2 min read

General Motors unveils all-new logo to signal new company direction

For the first time in nearly six decades, General Motors has unveiled an all-new logo. The fresh branding accompanies a new direction for General Motors, which the company says is to "transform itself to deliver on a vision that creates a world with zero crashes, zero emissions and zero congestion".
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Ben Zachariah
General Motors Australia announces Marc Ebolo as Managing Director
News
8th Oct 2020
1 min read

General Motors Australia announces Marc Ebolo as Managing Director

Marc Ebolo has been announced as the new Managing Director of General Motors Australia and New Zealand. With two decades at the company, Mr Ebolo has experience in sales, strategy, and product planning within the region. The appointment expands on his current position as MD of Holden New Zealand. The new role will see Mr Ebolo leading Holden Aftersales operations in both countries, as well as the recently-announced GM Speciality Vehicles (GMSV).
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Ben Zachariah
Holden dealers sign $150 million compensation deal 
News
1st Jul 2020
4 min read

Holden dealers sign $150 million compensation deal 

The majority of Holden dealers have finally signed compensation packages – worth a combined value of close to $150 million – with US car giant General Motors. It follows a protracted legal battle that spilled onto the political field and caught the attention of Australia’s peak consumer and business watchdog. In the end, General Motors did not increase its initial offer by $1. Dealers who are yet to sign say they have not given up the fight with Detroit.
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Joshua Dowling