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General Motors designs, manufactures, and sells vehicles and vehicle parts worldwide under brands like Chevrolet, GMC, Cadillac, and Buick, and also offers financing and insurance through GM Financial. Its products include internal combustion and electric powertrains, with features such as Dynamic Fuel Management to improve efficiency, and a focus on electric and autonomous mobility. GM differentiates itself with a large brand portfolio, a substantial financing arm, and commitments to sustainability, community service, and board diversity. The company’s goal is to lead in mobility by delivering reliable vehicles and services while advancing electric and autonomous technologies and strong social and environmental responsibilities.
Industries
Automotive & Transportation
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Detroit, Michigan
Founded
1908
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Former Apple Chief Financial Officer Luca Maestri is further reducing his role at the company. posted on Sep. 01, 2026 at 4:33 pm Luca Maestri Former Apple Chief Financial Officer Luca Maestri is further reducing his role at the company, according to Bloomberg's Mark Gurman (a subscription is required to read the article). In August 2024, Apple announced that he would be stepping down as CFO. However, it was announced that Maestri will continue to lead the Corporate Services teams, including information systems and technology, information security, and real estate and development. As part of a planned succession, Kevan Parekh, Apple's Vice President of Financial Planning and Analysis, took over as CFO and joined the company's executive team. Gurman says Maestri stepped down from his role in leading the Corporate Services teams recently. He adds that he's still at Apple but has no responsibilities other than hosting a class at Apple University. Maestri reported to former Apple CEO Tim Cook, but he does not report to new Apple CEO John Ternus. Maestri is slowly withdrawing from Apple, and visits the office about once a week, Gurman adds. Parekh has been at Apple for 12 years. Prior to his role as CFO, Parekh led Worldwide Sales, Retail, and Marketing Finance. He began his tenure leading the financial support of Apple's Product Marketing, Internet Sales and Services, and Engineering teams. Before joining Apple, Parekh held various senior leadership roles at Thomson Reuters and General Motors, where he also had extensive global experience. Parekh is an electrical engineer with a Bachelor's of Science from the University of Michigan and an MBA from the University of Chicago. I hope you'll help support Apple World Today by becoming a patron. Almost all our income is from Patreon support and sponsored posts. Patreon pricing ranges from $2 to $10 a month. Thanks in advance for your support. Dennis Sellers is the editor/publisher of Apple World Today. He's been an "Apple journalist" since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.
UAW upbeat as Ultium shutdown ends. by Dan O'Brien Tuesday, September 1, 2026 LORDSTOWN, Ohio - It's been a painful seven months for members of United Auto Workers Local 1112. However, were it not for a landmark collective bargaining agreement negotiated in 2023, the fate of these workers could have been much worse. "Without having a GM national agreement, our members would've just been stranded, collecting unemployment and not receiving any benefit," says George Goranitis, president of UAW Local 1112. "We're blessed to fall under that agreement." On Oct. 30, 2023, the UAW successfully bargained for its battery plants to be included as part of General Motors Co.'s national agreement. This agreement included Ultium Cells LLC's Lordstown plant, a joint venture between GM and Korea-based LG Energy Solution, and the first facility to supply battery cells for GM electric vehicles. Approximately 700 UAW 1112 members returned to work in mid-August as Ultium Cells kickstarted efforts to ramp-up production after a seven-month shutdown. The company's Lordstown plant is now the sole producer of battery cells for GM's EV portfolio after a sister plant in Spring Hill, Tenn., realigned its business model to produce components for energy storage systems. In late October, GM announced that it would place 1,350 of its hourly workforce on layoff at Ultium beginning Jan. 5. Of that number, approximately 650 ended up as permanent layoffs, while another 700 were considered temporary. The automaker said the layoffs were needed to realign battery production with demand, as sales of EVs began to falter. The local's skilled trades - numbering approximately between 150 and 175 - were not impacted by the furloughs. Yet the national agreement proved an important vehicle to help the membership endure the prolonged layoff, Goranitis says. "It gave our members on temporary layoff the right to sub pay, where members would earn up to 74% of their wages," and uninterrupted health benefits. Simultaneously, these workers would also be eligible for unemployment benefits, he says. Those on indefinite or permanent layoff were offered the opportunity to transfer to other GM plants, he says. "We just had 18 members from Local 1112 transfer to GM's Parma, Ohio, plant," Goranitis says. Others have relocated to plants in Indiana and Wisconsin, and the union president understands GM's plant in Orion Township, Mich., has advertised more than 600 job openings. "It's a difficult decision to leave your family and friends," Goranitis says. Many at the plant had never experienced a layoff before, and GM had at least offered a path to continue employment with the automaker. It's a dilemma that Goranitis knows well, recalling that he transferred to GM's plant in Spring Hill after the Lordstown assembly plant shut down in 2019. He moved back to the area not long after, and joined Ultium after it was announced the joint venture would build a $2.3 billion battery-cell manufacturing plant in Lordstown. "I've been there," he says. UAW, COMMUNITY STEP UP During the layoffs, Goranitis says that Local 1112, Trumbull County Job and Family Services, and local businesses collaborated to establish a resource and transition center at the union hall to support those workers on layoff. The Workforce Development Board of Trumbull County, for example, was instrumental in securing donations or referrals from local businesses that led to them bringing in 12 computers, internet access, a printer and paper for laid-off workers to use. "They were able to help us get local business leaders to donate computers, and we were able to assist members get their unemployment and also sub-pay," Goranitis says. A food pantry was also established at the hall to help those in need through this difficult period, he says. "We've continued to do that as well," he says. Still, Goranitis says he never lost hope that many of these workers would return to their jobs, noting that he is especially empathetic to those on permanent layoff. "There's always hope that everyone will be back at the plant. We're always looking to find a way to get these members back," he says. A BOOST IN MORALE Workers began returning to Ultium in late July, Goranitis adds. By mid-August, the plant was expected to employ approximately 1,400 workers. "They're so excited, they're grateful," he says. "The morale has been lifted considerably." After seven months, returning employees will still require training as they become reacclimated to their responsibilities at the plant, Goranitis says. "It's pretty much like starting over again," he says. "These jobs are very technical. It's not a job where you can jump in and learn it in three or four days." Production will ramp up gradually, Goranitis says, adding that he is not aware of any set timeline for the plant to be recommissioned. Before that could happen, employees would need to go through safety training, floor training, and any machine training that would apply to their positions. Furthermore, any product would need to go through numerous quality tests before production lines could be restarted. Much of Ultium's future and growth is the public's adoption of electric vehicles, a trend that Goranitis thinks will increase. "There are a lot of ups and downs with the EV industry, and we're just trying to focus one day at a time," he says. "At some point, I think EV sales will start taking off." BETTER TIMES AHEAD Dave Green, a former president of UAW Local 1714 and 1112 and is today the director of UAW Region 2B, says he's confident EV sales will rebound, despite challenges such as the expiration of federal tax EV credits at the end of September. "Obviously, there were some policy changes in Washington that had an impact," he says. "But we're glad people are coming back," he says of Ultium. The elimination of federal tax incentives - these were credits of up to $7,500 consumers could claim on their tax returns if they purchased a new EV - clearly caused turmoil in the EV market, Green says. Nevertheless, the sector has rebounded somewhat, and he's confident consumers will continue to purchase EVs and expand that market segment in the future. "I think the EV market is going to continue to grow," he says. Green says the UAW has made great strides over the past four years, as it adopted new, aggressive bargaining strategies that have proven successful. "We've been able to really get better contracts and significant agreements at a lot of different locations," he says. "Things are going much better than they were four years ago." The national agreement with Ultium is a good example of the UAW's achievements. "I mean, they went from making 16 bucks an hour, and I think they're up to 34 bucks an hour," he says of Ultium workers. As a 36-year veteran of the auto industry, Green understands the frustrations of layoffs. The industry, he cautions, is cyclical, and can change because of various factors. Trade policies, fuel standards, the state of the overall economy - all impact to some degree the automotive industry. "As the economy and policy goes, that's how the auto industry goes," he says. Younger members who haven't experienced layoffs must understand that it's part of the business. "I've been laid off, forced to work seven days a week, and weeks where I couldn't work 40 hours," he recalls. "You just have to roll with that and understand it." Pictured at top: UAW Local 1112 President George Goranitis says the return of hundreds of workers to Ultium Cells has lifted morale after a seven-month shutdown.
GM's Tom Pickett wins 2026 SPE Lifetime Achievement Award. Pickett, whose four-decade portfolio includes the development of fiberglass-reinforced composite automotive components, will be honored at the SPE Automotive Innovation Awards Gala on Nov. 4. Senior Managing Editor, CompositesWorld and Products Finishing Source | SPE Automotive Division Tom Pickett, lead materials engineer at General Motors Co. (Detroit, Mich., U.S.), has been named the 2026 Lifetime Achievement Award winner by the Automotive Division of the Society of Plastics Engineers (SPE, Danbury, Conn., U.S.). Over more than 40 years at GM, Pickett's work has spanned exterior, interior, powertrain and chassis applications, including long glass fiber-reinforced polypropylene running boards and a structural shifter housing made from 100% recycled glass-filled nylon 6/6, among several other projects credited with expanding composite and reinforced plastic material use on production vehicles. First given in 2001 by SPE's Automotive Division, the Lifetime Achievement Award recognizes individuals whose work in research, design or engineering has led to significant integration of polymeric materials on passenger vehicles. Pickett holds 11 patents, two trade secrets and four defensive publications spanning material processing, part assembly and design. His development work spans: Learn to cut the cost and time of tooling. CW's editors are tracking the latest trends and developments in tooling, from the basics to new developments. This collection, presented by Composites One, features recent CW stories that detail a range of tooling technologies, processes and materials. Download Collection * The long glass fiber-reinforced polypropylene running boards on the 2007 Chevrolet Trailblazer and GMC Envoy. * A mechanical interlocking system designed to neutralize the coefficient of linear thermal expansion in elastomeric seals for electric vehicle battery box applications * A non-painted, slush-molded thermoplastic polyurethane skin for the 2003 Cadillac XLR that expanded the safe airbag deployment temperature range from -20-85°C to -40-107°C. He also introduced GM's "first" use of recycled nylon in an engine port and what the company describes as the automotive industry's first use of 100% recycled glass-filled nylon 6/6 in a structural shifter housing, deployed across the 2005 Saturn Ion, Vue, Chevrolet Equinox and Malibu. Pickett holds a bachelor's degree in chemistry from College of the Holy Cross, a master's in plastics engineering from University of Massachusetts Lowell and an MBA from University of Detroit Mercy. He has presented more than 60 technical papers on automotive plastics technology and has served more than 40 years with SPE's Automotive Division and Detroit Section, including as chair and president. "His overall dedication, experience and contributions not only to GM, but to the industry as well, are remarkable," says Frederick Deans, P.E., owner of Allied Composites Technology (Rochester Hills, Mich., U.S.) and the 2015 SPE Lifetime Achievement Award recipient, who nominated Pickett for the honor. Pickett will receive the award at the 55th annual SPE Automotive Innovation Awards Gala at Laurel Manor in Livonia, Mich., U.S., on Nov. 4, 2026, an event sponsored in part by Celanese Corp. (Irving, Texas, U.S.) that typically draws more than 600 OEM engineers, industry executives and media. * SABIC composite hybrid battery cover enhances EV safety, efficiency SABIC collaborated with Engel, Siebenwurst, Forward Engineering, Ensinger and Envalior to develop a thermoplastic composite EV battery cover, combining strong structural performance, flame retardancy and design efficiency. * Advancing the Thermoplastic Composite Battery Enclosure into Production Having achieved its first few commercial series successes, Kautex Textron explains the design process for its Pentatonic battery enclosure platform, which comprise glass fiber/PP or PA6 and injection overmolding a compression molded laminate. * Composite bipolar plates provide 81% improvement to hydrogen fuel cell power density Ultra-thin CFRTP plates developed by Hycco achieve a 7.5 kilowatt/kilogram power density, high durability for fuel cells in long-flight drone and heavy-mobility applications.
GM workers approve deal to build new GMC Sierra truck in Canada amid US tariffs. General Motors workers in Canada have approved a new deal that will add a heavy-duty GMC Sierra truck to GM's Oshawa plant, as the auto sector faces higher US tariffs and trade uncertainty. By Reuters August 31, 2026, 7:26:36 AM IST (Published) General Motors workers in Canada on Sunday approved an agreement that would build a new heavy-duty truck in Ontario, part of a pledge by the automaker to invest in a country now facing a doubling of tariffs. Canada's auto sector is grappling with 25% U.S. duties on vehicles, and U.S. President Donald Trump has vowed to lift that to 50% on January 1, 2027. The fate of Canadian auto plants has emerged as a central issue in the stalled U.S.-Canada trade negotiations. According to details of the agreement released by the Canadian union Unifor on Saturday, GM offered to spend C$144 million to add the next-generation heavy-duty GMC Sierra truck to a plant in Oshawa, and pledged not to immediately sell or close a second assembly plant in Ingersoll, Ontario. GM has promised to invest over C$1 billion ($720 million) in Canadian plants. That includes a C$691 million commitment to support production of new V8 engines in Ontario that was previously announced in April, according to Unifor, which represents 4,600 GM workers in the province. The deal offered Canadian workers a 3% wage increase a year over three years. "The new agreements include meaningful improvements to wages, benefits and job security, and recognize the valuable contributions of our represented employees while helping sustain good-paying jobs that have long been a cornerstone of Canada's automotive industry," Jack Uppal, GM Canada president, said in a statement. U.S. and Canadian trade talks ended last week over unresolved issues, such as whether to cut duties on medium- and heavy-duty vehicles that are critical for Canadian factories. U.S. automakers had hoped the trade talks would deliver relief from Washington's original 25% tariffs that have raised the cost of shipping vehicles and parts across the border. About 17% of GM's Chevrolet Silverado pickup-truck production - its top-selling model - is in Canada, according to research from Barclays.
Unifor members ratify contracts with GM securing new products, investment. Aug 30, 2026, 21:03 ET TORONTO, Aug. 30, 2026 /CNW/ - Unifor members at General Motors voted overwhelmingly to ratify contracts that secure new products and investment, while also delivering the wages and benefit improvements in the union's pattern agreement. "These agreements commit more than one billion dollars in vital investments to Canadian GM facilities, with a new single source next-generation transmission at the St. Catharines Propulsion Plant and the return of next-generation Heavy-Duty GMC Sierra production to Oshawa," said Unifor National President Lana Payne. "GM is making these investments in both its highly skilled Canadian workforce and facilities at a crucial time, as our domestic auto industry is under siege by the Trump Administration." Negotiations with GM took place under challenging circumstances, with the CAMI Assembly Plant in Ingersoll, Ontario idled and the majority of members on indefinite layoff. The union made clear that it will continue to push for production to return at CAMI Assembly. GM committed to seek opportunities for the CAMI facility and designated it as the plant of first consideration for the allocation of Canadian Armed Forces defence work if that work is awarded to General Motors. The agreement also extends the Income Maintenance Plan to eligible members on layoff until May 2028. "I thank the negotiating team for their hard work to reach this tentative agreement that delivers solid gains for our members at a time of upheaval for our industry," said GM Master Bargaining Chairperson Trevor Longpre. "We made significant progress in securing good, stable auto jobs and a stronger Canadian footprint, but the work to bring production back to CAMI is not over. This agreement gives our Ingersoll members a bridge until we get CAMI workers back on the job." The three-year collective agreement mirrors the 3% annual wage increases in the Detroit Three pattern agreement, set by Unifor with Ford Motor Company. The contract increases wages for full-rate production members to $50.20/hour and Skilled Trades workers to $62.71/hour during the life of the contracts. The new contracts cover more than 4,600 Unifor members at GM Ontario facilities in Oshawa, St. Catharines and Woodstock (the "GMCC" agreement) and the GM Assembly Plant in Ingersoll (the "CAMI" agreement). Unifor members covered by the GMCC Agreement voted 80.5% in favour. Members covered by the GM CAMI agreement voted 96.5% in support. Highlights include: * C$144 million to add next generation Heavy-Duty GMC Sierra truck to Oshawa Assembly. * C$215 million to assemble next-generation transmission in St. Catharines, with work anticipated to begin in late 2029. * Prior commitments of C$691 million to support sixth generation V8 engine in St. Catharines and $63 million toward stamping and CCA upgrades in Oshawa enshrined in the collective agreement. * Plan to mitigate layoffs at Oshawa Assembly. * Renewal of Cost of Living Allowance. * $10,000 Productivity and Quality bonus for eligible members. * $2,000 December Bonus for eligible members. * Increase in Retirees Universal Healthcare Allowance payments and extend payments to include surviving spouses. View the Master and Local Bargaining brochures here. Unifor is Canada's largest union in the private sector, representing 320,000 workers in every major area of the economy. The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future. SOURCE Unifor For media inquiries or to arrange interviews please contact Unifor Communications Representative Kathleen O'Keefe at [email protected] or by cell at (416) 896-3303.
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Industries
Automotive & Transportation
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Detroit, Michigan
Founded
1908
Find jobs on Simplify and start your career today