GM announces voluntary delisting from Toronto Stock Exchange

General Motors

DETROIT — General Motors Co. (NYSE: GM; TSX: GMM.U) today announced that it has applied and received approval for a voluntary delisting of its common stock from the Toronto Stock Exchange (TSX) in Canada. The delisting from the TSX will not affect the company’s listing on the New York Stock Exchange (NYSE).

Trading on the NYSE and alternative platforms accounts for a vast majority of GM’s current daily trading volume. Given the relatively low trading volume of its shares on the TSX and the fact that GM’s NYSE listing provides its shareholders with sufficient liquidity, the company believes that the costs associated with maintaining a dual listing are no longer justified. Accordingly, effective at the close of markets on Nov. 30, 2017 the company’s shares will no longer be traded on the TSX.

After delisting from the TSX, the company’s common stock will continue to trade on the NYSE under the symbol GM. Shareholders will be able to continue to trade their shares on other exchanges and those who wish to do so should contact their broker or investment manager for further details.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

General Motors Co. (NYSE: GM, TSX: GMM), its subsidiaries and joint venture entities produce and sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang and Wuling brands. GM has leadership positions in several of the world’s most significant automotive markets and is committed to lead the future of personal mobility. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

Source: General Motors

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GM Gives App Developers Industry-First In-Vehicle Testing

general motors

DETROIT — General Motors has launched GM Dev Client, an industry-first app that gives approved developers who have created in-vehicle applications the ability to test them in a real GM vehicle. In-vehicle app testing is the next step for app developers who have already created a proof of concept using GM’s next-generation infotainment software development kit (NGI SDK).

“By introducing GM Dev Client, we’re giving developers the missing link they need to finalize their applications,” said John McFarland, director of Global Digital Experience. “GM Dev Client will help us and external developers make sure the best in-vehicle apps are ultimately made available in GM vehicles, ensuring the best customer experience for drivers.”

After building an application’s proof of concept with the NGI SDK, the next development step is to conduct real-world testing using a GM vehicle’s infotainment system. GM Dev Client allows partners and developers the ability to test their apps in a GM vehicle once they’ve obtained approval from GM.

In January 2017, GM released the NGI SDK, which mimics real vehicle data and enables developers outside of GM to build apps without making frequent trips to Detroit to conduct testing on infotainment modules. With GM Dev Client, those apps now can be tested on a real GM vehicle anywhere in the U.S.

“Sharing more emulated data points through the SDK than any other automaker was the first step in opening the door for developers,” said Kent Helfrich, executive director of Connected Ecosystem Integration, General Motors. “After such strong adoption of the SDK, we wanted to enable developers to take the next step and allow real-world testing in our vehicles.”

By the end of 2017, the NGI SDK will offer templated framework for developers such as a media player layout or a point of interest layout.

Here are step-by-step instructions for in-vehicle app development and testing:

Phase 1: App Building

1. Visit developer.gm.com

Register, accept terms and activate your account to receive immediate access to GM’s developer site, software development kit and all documentation.

2. Download and install the NGI SDK.

Download the NGI SDK package source from developer.gm.com/ngi (generally in less than a minute, depending on internet connection speed). Install a private node module for a quick set-up process familiar to front-end developers.

3. Begin building using emulated vehicle behavior.

Set up your development environment in less than 5 minutes and start utilizing the same APIs available in-vehicle. Use a suite of tools to adjust up to nearly 400 simulated vehicle data points such as network connectivity, location, speed and more.

Phase 2: App Testing

4. Download GM Dev Client from the AppShop.

GM vehicles with compatible infotainment systems can be used for real-world testing. After providing GM with your compatible vehicle’s identification number (VIN), your app will go through GM’s internal review process for suitability. Once approved, the GM Dev Client will appear in the vehicle’s AppShop for download.

5. Begin real-world testing.

Once you download and begin running GM Dev Client, your approved app will appear on the in-vehicle infotainment screen for real-world testing. You can test right from your laptop within the car, as driver lock-out safety features are prebuilt into the GM Dev Client so that only a passenger can test the app while the vehicle is in motion. Conduct on-the-fly code changes and see updates to your app reflected instantly.

General Motors Co. (NYSE: GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world’s largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com

Via: GM

General Motors To Shed 600 Jobs At Canada Plant As 2018 Terrain Production Moves To Mexico

After bitter negotiations and surrounding the Oshawa assembly plant between General Motors and Canadian union Unifor, the Ingersoll assembly plant will now be subject to layoffs

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After bitter negotiations and surrounding the Oshawa assembly plant between General Motors and Canadian union Unifor, the Ingersoll assembly plant will now be subject to layoffs.

Automotive News reports GM will cut up to 600 positions from the CAMI assembly plant in Ingersoll, Ontario as production of the 2018 GMC Terrain shifts to Mexico. The cuts will be “permanent in nature,” according to Unifor Local 88 President Dan Borthwick.

Unifor President, Jerry Dias, lamented the decision, saying the production shift “reeks of corporate greed.”

“It is not based on sales, it is an another example of how good jobs are being shifted out of Canada for cheaper labor in Mexico and Unifor will not let it happen without a fight,” Dias said in a statement. “The Equinox and Terrain are incredibly successful vehicles and given current market demand, there is no justification for layoffs at the CAMI facility.”

GM stated the 2018 Terrain would indeed be built in Mexico following its debut to make room for additional 2018 Chevrolet Equinox production capacity at its Canadian facilities. The CAMI facility will continue to build the current Equinox until July before that model is phased out.

“It was always known we’d have to phase out this older model [Equinox] and it only makes sense for CAMI, operationally, to focus on this vehicle. After July, they’ll focus on just one product line,” GM spokeswoman Jennifer Wright said. “This is just a natural course of business.”

The jobs could return, though, according to Wright. It largely depends on the success of the 2018 Equinox, as GM expects major growth in the segment.

Two years ago, GM announced it would invest $560 million into the CAMI facility to produce the 2018 Equinox. Those investments have all gone according to plan.

Via GM Authority

GM And Honda Pour $85 Million Into Joint Fuel Cell Manufacturing In Michigan

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General Motors and Honda have both leaned on one another regarding fuel cell development in an ongoing strategic partnership, but both automakers have tied the knot even further.

GM announced both automakers have invested $85 million total into a joint fuel cell manufacturing operation in Michigan. The operation, titled Fuel Cell System Manufacturing, LLC, will operate within GM’s existing battery pack manufacturing facility site in Brownstown, Michigan. Both automakers are planning to mass produce fuel cells at the facility beginning in 2020.

Both GM and Honda will continue to share what it learned through its fuel cell engineering and operations and place the technology in future roadgoing vehicles. This work will ultimately lead to the next generation of fuel cells and hydrogen storage technologies and create a more affordable commercial solution for fuel cell and hydrogen storage systems.

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GM-Honda Fuel Cell

“The combination of two leaders in fuel cell innovation is an exciting development in bringing fuel cells closer to the mainstream of propulsion applications,” said Mark Reuss, GM executive vice president, Global Product Development, Purchasing and Supply Chain. “The eventual deployment of this technology in passenger vehicles will create more differentiated and environmentally friendly transportation options for consumers.”

GM and Honda have led the fuel cell technology space for years with 2,200 patents between both automakers. The upcoming operations are expected to add 100 jobs to the Brownstown battery facility.

Source: GM Authority

BOOK : A luxury vehicle subscription service by Cadillac

Within three months of taking the corner office at Cadillac, Johann de Nysschen announced plans to move the brand’s longtime headquarters from Detroit to New York.

Why did he do it? De Nysshen had been hired to reinvent General Motors’ struggling luxury brand, and to achieve that goal, he wanted to put Cadillac smack in the middle of the city that he called “the epicenter of sophisticated living”.

Put another way, de Nysschen wanted to make Cadillac elite, so he took it to where the elites live.

Yesterday, de Nysschen announced a new program that could boost Cadillac’s profile even further. It’s called BOOK. (It’s so upscale, it’s all uppercase.)

Changing needs

These are exciting times in the auto industry. Car companies around the globe are working night and day to replace gasoline engines with battery packs and to develop software that can handle driving duties.

But many in the field are predicting a bigger shift–one that could ruin conventional automakers and put upstart start-ups on top. That shift is away from individual car ownership and toward car-sharing and ride-sharing.

Smart automakers are already trying to gain a foothold in those areas. For example, Toyota has invested in ride-sharing behemoth Uber, while General Motors has done the same with Lyft. GM has also created its own car-sharing service called Maven, which allows users to borrow vehicles from a GM-owned fleet for errands and other short trips.

That’s where BOOK comes in.

What is BOOK?

At heart, BOOK is a car-sharing service, but it’s far tonier than Maven, RelayRides, or their competitors. With BOOK, users are given a Cadillac to use as they please, for as long as they please.

Users can pick from a range of vehicles to suit their needs: a sleek sedan for a weekend roadtrip, a spacious SUV for a jaunt to an antique mall, and so on. The service will launch with a fleet that includes Platinum-trim Cadillacs like the XT5, CT6, Escalade, and V Series.

BOOK users request those vehicles via a mobile app. And since this is Cadillac we’re talking about, the cars arrive in style. According to the automaker, “The vehicles will be delivered via white-glove concierge to members’ requested locations and exchanged at their leisure or as their needs change.”

Of course, this kind of service ain’t cheap. Using BOOK runs a tidy $1,500 per month, which covers unlimited use of the car, as well as registration, taxes, insurance premiums, and maintenance. However, you’ll still have to fill up the tank, and you’ll need to find a place to park the vehicle. If you’re in an urban area–as many BOOK users are likely to be–parking could easily add $500 or more per month. That’s especially true in New York City, where BOOK will first launch.

Will BOOK help put Cadillac on equal footing with leading luxury brands like BMW and Mercedes-Benz? Will it lay the foundation for a solid future, giving Cadillac a leg-up in the evolving sphere called “mobility”?

We have no idea, but if you’re ready to sign up, check out the promo video above, then take a spin over to BOOKByCadillac.com.

The article is originally written by Richard Read in The Car Connection