The technology has possible military applications ranging from ground vehicles to mobile generators.
GM will also use $1.2 billion from the new bonds to pay off 7% notes, retiring debt held by a trust controlled by Unifor.
Without more investment, it will run out of gas.
If it’s ever built, the car would cost $30,000, considerably cheaper than the $42,000 Chevrolet Volt.
Agreement includes a $3,000 signing bonus, full-time jobs to about 300 temporary workers.
Ending ‘temporary’ investment made in 2009 to help keep the automaker afloat.
Ford, Chrysler see increases of 7% while GM inches up 0.1%.
$400 million investment includes advanced tools, training for Gen 5 Small Block.
Hackers can slam a car’s brakes at freeway speeds, jerk the steering wheel and even shut down the engine from their laptop computers.
Automaker sold almost 166,000 cars and trucks last month.
Tom Mulcair says new union will solidify the Canadian labour movement at a time when middle-class jobs are under attack.
‘Super Cruise’ system is currently being tested on Cadillac’s SRX SUV.
Buyers under 35 increase year over year, led by vehicles such as the Cruze, Sonic and the Spark.
APMA president is confident, but cognizant of the changing marketplace.
Automotive sales are great, but investment is going south.