News from GM
Stay current with all the latest and breaking news about GM, compare headlines and perspectives between news sources on stories happening today. In total, 2,104 stories have been published about GM which Ground News has aggregated in the past 3 months.Stay current with all the latest and breaking news about GM, compare headlines and perspectives between news sources on stories happening today. In total, 2,104 stories have been published about GM which Ground News has aggregated in the past 3 months.
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GM · United StatesGeneral Motors said on Wednesday its new labor deals after a lengthy U.S. strike will cost it $9.3 billion even as it outlined $10 billion in share buybacks, a 33 percent dividend increase and “substantially lower” spending at its robotaxi unit Cruise. The buyback is the equivalent at Tuesday’s closing price to nearly a quarter of GM‘s common stock. Its shares were down aboutSee the Story
GM sees $9.3-B hit from labor deals, outlines $10-B buyback
100% Left coverage: 1 sources
GM · San FranciscoGM plans to cut spending on Cruise by hundreds of millions of dollars in 2024. San Francisco Supervisor Aaron Peskin calls Cruise a case study in how not to run a business. Cruise would not say if that city is San Francisco, but the company is headquartered in the city.See the Story
Parent company GM puts the breaks on Cruise self-driving cars
100% Left coverage: 1 sources
United Auto Workers · United StatesAutoworkers at thirteen factories across the United States are reportedly planning to join the United Auto Workers (UAW) in the wake of the union’s recent successful strike action against Ford, General Motors and Stallantis.
In a Nov. 29 announcement from UAW, the union revealed thousands of non-union autoworkers have been signing union cards and are publicly planning campaigns to convince others to join.
The organizing drive is expected to invo…See the Story
Thousands of Autoworkers Organizing to Join UAW in 'Unprecedented Move' Following Strike Success
100% Right coverage: 1 sources
Business · IllinoisGeneral Motors (GM) estimates that the recent United Auto Workers (UAW) strike cost it $1.1 billion. The company on Wednesday said this cost came “primarily from lost production” in a press release. Despite this, GM CEO Mary Barra said her company “will deliver very strong profits in 2023.”
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General Motors estimates UAW strike cost company $1.1B
62% Center coverage: 8 sources
GM · PhoenixGeneral Motors is reassessing its investment plans in electric vehicles as sales collapse and shareholders fear that the initial headlong dive into EVs was a major mistake. The massive carmaker is preparing a move to pull back from EVs and reassure investors that the business is still strong despite the slow EV sales, The Wall Street Journal reported Wednesday. It is yet more evidence that Americans simply aren’t interested in EVs despite the en…See the Story
General Motors Pulls Funding from Floundering Electric Vehicle Efforts in $10 Billion Bid to Appease Investors
100% Right coverage: 1 sources
Winnipeg Blue Bombers · ManitobaWinnipeg Blue Bombers GM Kyle Walters signed a two-year extension this week. He expects a challenging off-season putting the pieces together for next year's roster. He also admitted there's an unknown right now when it comes to keeping offensive co-ordinator Buck Pierce. Players will look for raises, particularly pending free agent Brady Oliveira.See the Story
Newly extended Blue Bombers GM knows he will have hands full this off
100% Left coverage: 1 sources
GMUS economic growth for last quarter is revised up to a 5.2% annual rate. GM says it can handle rising labor costs as it announces huge share buyback and dividend increase. Electric vehicles have proved far less reliable, on average, than gasoline-powered cars, trucks and SUVs.See the Story
Business Highlights: US growth rate upgraded; GM says it can handle rising labor costs
100% Center coverage: 1 sources
