Tag: Paul Jacobson
General Motors (GM) earnings Q1 2025
GMC trucks are displayed at Hanlees Hilltop GMC in Richmond, California, on Jan. 28, 2025.Justin Sullivan | Getty ImagesDETROIT — General Motors is se [...]
GM raises quarterly dividend, initiates $6 billion stock buyback
DETROIT – General Motors is raising its quarterly dividend and initiating a new $6 billion share repurchase program as the company attempts to reward [...]
GM to sell stake in battery cell plant to LG partner for $1 billion
General Motors revealed its all-new modular platform and battery system, Ultium, at its Tech Center campus in Warren, Michigan, on March 4, 2020.Photo [...]
GM expects more than $5 billion impact from China restructuring
DETROIT – General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion in noncas [...]
Automaker expects 2025 earnings to be similar to 2024
New GMC trucks are displayed on the sales lot at Hanlees Hilltop GMC in Richmond, California, July 2, 2024.Justin Sullivan | Getty ImagesDETROIT — Gen [...]
GM trims 2024 EV forecast amid slower-than-expected demand
GM's 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024.Michael Wayland / CNBCDETROIT – General Motors is [...]
GM board approves new $6 billion share buyback authorization
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022.Source: NYSEDETROIT – General Motors on Tuesday announced a new $ [...]
Cruise autonomous vehicle venture in danger of becoming latest GM flop
DETROIT — General Motors' plans to diversify its business through trendy industries such as ridesharing and other "mobility" ventures or startups have [...]
GM, Honda scrap plans to co-develop ‘affordable’ sub-$30,000 EVs
The 2024 Honda Prologue is one of two EVs being made by General Motors for the Japanese automaker, utilizing its Ultium battery technologies.HondaDETR [...]
General Motors (GM) earnings Q3 2023
DETROIT — General Motors beat Wall Street's third-quarter expectations on Tuesday, as it battles through ongoing labor strikes by the United Auto Work [...]
GM secures new $6 billion credit line as UAW strike costs $200 million
DETROIT – General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union."The [...]
General Motors (GM) earnings Q2 2023
Mary Barra, CEO, GM at the NYSE, November 17, 2022.Source: NYSEDETROIT — General Motors is raising its 2023 guidance for a second time this year after [...]
Wall Street worries GM will face a tougher 2023 than it’s letting on
Mary Barra, chief executive officer of General Motors Co., during the South by Southwest festival in Austin, Texas, March 14, 2023.Jordan Vonderhaar | [...]
General Motors (GM) earnings Q1 2023
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022.Source: NYSEDETROIT — General Motors on Tuesday raised key guidan [...]
GM says 5,000 workers take buyouts, expects $1 billion charge in Q1
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas.Brandon Bell | Getty ImagesDETRO [...]