General Motors

"General Motors Co. and the United Auto Workers agreed to a tentative labor agreement late Sunday, avoiding a strike minutes before a union-imposed 11:59 p.m. deadline. No details of the tentative pact were immediately known. The union will convene Wednesday in Detroit with its leadership team to approve the proposed deal; if that happens, it will be sent to rank-and-file membership for a ratification vote." (Detroit News)

WMUK

(WDET) General Motors Company announced it has signed a Deferred Prosecution Agreement with the U.S. Attorney’s Office for the Southern District of New York. 

General Motors Co. said Monday said it will buy back $5 billion in company shares and has reached a deal with activist investor Harry J. Wilson, who will withdraw his request for a board seat and shareholder proposal. The buyback will begin immediately and continue through the end of 2016, GM said. (Detroit News)

General Motors is recalling Cadillac S-R-X models between 2010 and 2015 as well as 2011/2012 Saab S-U-Vs. General Motors says an improper part on the vehicles could cause them to sway at highway speeds.

Report finds National Highway Traffic Safety Administration ignored information about potential problems

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