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1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
General Motors

GM is getting back into a major auto segment

By
Ben Geier
Ben Geier
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By
Ben Geier
Ben Geier
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June 15, 2015, 10:56 AM ET
US-AUTO-SAFETY-RECALL-GM-FINE
A man walks past cars parked outside a shopping mall in Alhambra, California, including a Chevrolet Silverado pickup truck from General Motors on left on May 16, 2014. The US auto safety regulator Friday imposed a record $35 million fine on General Motors for its failure to promptly recall cars with ignition faults linked to at least 13 deaths. General Motors has issued yet another recall on its 2014 Chevrolet Silverado and GMC Sierra pickups, this time for a steering issue that could cause a sudden crash. AFP PHOTO/Frederic J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)FREDERIC J. BROWN AFP/Getty Images
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General Motors (GM) is planning to re-enter the U.S. market for medium-duty work trucks, according to a report, signaling the automaker’s return to a growing and potentially lucrative section of the automotive space where it has been absent for several years.

GM will develop the new vehicle with its longtime partner Isuzu, a Japanese automaker. Isuzu will build the truck, called the N-Series, but it will be branded and sold by GM in the U.S. under the Chevrolet nameplate, reports The Wall Street Journal.

This isn’t a terribly strange arrangement. The Journal notes that GM already buys vans produced by Nissan and sells them in the U.S.

The return to the medium-duty work truck market is another attempt by GM’s CEO Mary Barra to re-establish the GM brand, the Journal said. The automaker abandoned the segment of the automotive market in 2009 when it went through a bankruptcy reorganization.

The medium-duty truck market has grown 3.5% so far in 2015, the newspaper said.

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