BUSINESS
By Jay Hancock | January 29, 2010
A mazing what a difference a sensible law can make. Two years ago, Congress and President George W. Bush agreed to reduce pollution and America's addiction to overseas oil by requiring automobiles to get better mileage. Now, General Motors is spending $246 million to expand its White Marsh plant and make its own electric motors, giving Baltimore a ride on the auto-technology pace car. Barring an unlikely decision to resurrect GM's auto-assembly plant here , it's hard to imagine better news for regional manufacturing.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,andrea.walker@baltsun.com | August 6, 2009
The General Motors transmission plant in White Marsh was one of several plants chosen by the federal government Wednesday to receive part of $2.4 billion in stimulus grants to be used to develop batteries and other parts for electric cars. The plant, along with a GM plant in Wixom, Mich., will share in $105 million to develop a rear-wheel-drive electric system. The grants, which will fund 48 projects, come from the $800 billion economic stimulus bill Congress passed earlier this year to help create jobs and move the country out of the recession.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,andrea.walker@baltsun.com | July 8, 2009
For eight weeks the hulking General Motors White Marsh Powertrain Plant has sat idle, empty and eerily quiet, with no one in sight but a security team making sure the premises were safe. But Tuesday the plant came back to life as 200 hourly and 40 salaried employees streamed back to work for the 6 a.m. shift. After a short employee meeting, the machines were revved up and the first transmissions in months began rolling through the assembly line. The plant had been shut down since May 8, the longest ever for the plant, which opened in 2000.
BUSINESS
By Jay Hancock | May 29, 2009
They were still buying General Motors shares on Thursday, as if the company deserved its space in the Dow Jones Industrial Average. GM stock dipped 3 cents to $1.12 on Thursday after rising more than a dime earlier. If this column were owned by the financial wires, it would assign glib and dubious causes to GM's blip. Europe eyes new GM bailouts! A few creditors agreed to a revised restructuring plan! There are no reasons to buy GM stock, however, except nostalgia and the cool picture of cars and smokestacks on the certificate.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,lorraine.mirabella@baltsun.com | February 21, 2009
Increased demand for some General Motors trucks has helped General Motors' Powertrain Baltimore Transmission Plant avert a weeklong shutdown that was to have started Monday, a local spokesman for the plant said yesterday. The spokesman, John Raut, had said last month that the plant was planning to shut down and temporarily lay off all of its hourly workers for the week. The plant employs 238 people. But demand for some company vehicles has improved, including the Chevy Silverado and Sierra pickup trucks, for which the Baltimore plant makes six-speed automatic transmissions, Raut said yesterday.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,andrea.walker@baltsun.com | January 16, 2009
The General Motors Powertrain Baltimore Transmission Plant will likely have to shut down for a week next month unless demand for the company's vehicles improves. A spokesman for the plant said yesterday it is planning to close shop and temporarily lay off all 239 of it hourly workers for a week beginning Feb. 23. Seventy-nine employees have been laid off since last year because of a slowdown in production at the plant. It is temporarily closing because demand for GM vehicles is expected to remain weak as economic turmoil continues to hurt auto sales.