Keyword: General motors

  • GM spikes in premarket after improving guidance
    GM spikes in premarket after improving guidance
    1/11

    General Motors Co. projected a rise in earnings for this year on Friday to between $6.5 and $7 per share and expressed expectations the adjusted automotive free cash flow would land at $4.5 to $6 billion. It added it would keep the focus...

  • GM Cruise, DoorDash in food delivery partnership
    GM Cruise, DoorDash in food delivery partnership
    1/3

    General Motors' self-driving unit Cruise and food delivery service DoorDash announced on Thursday that they will roll out a driverless food delivery service using the former's driverless cars in 2019.

    The two companies re...

  • General Motors appoints Mark Reuss as president
    General Motors appoints Mark Reuss as president
    1/3

    The American car-making giant General Motors announced on Thursday it appointed Mark Reuss (pictured) as its new president effective immediately. Reuss, who previosly led the company's global product group and Cadillac, wil now overs...

  • GM sales fall 2.7% in Q4 of 2018
    GM sales fall 2.7% in Q4 of 2018
    1/3

    The General Motors Company said on Thursday its sales declined 2.7% in the fourth quarter of 2018 compared to the same period a year earlier. The carmaker's sales for the whole of 2018 amounted to 2,954,037 vehicles, down 1.6% compar...

  • GM shares drop on Trump's negative remarks
    GM shares drop on Trump's negative remarks
    12/13/2018

    Shares of American carmaker General Motors Co. dropped over 1% during intraday trading on Wall Street on Thursday, after United States President Donald Trump slammed the company during an interview aired on Fox.

    The president sta...

  • Trump says GM will 'not be treated well'
    Trump says GM will 'not be treated well'
    12/13/2018

    In an interview on Fox News, United States President Donald Trump stated that General Motors Co. will "not be treated well," after the carmaker announced the closure of its plants on Ohio and Michigan before Christmas. "Cl...

  • GM president to become CEO of self-driving unit
    GM president to become CEO of self-driving unit
    11/29/2018

    General Motors' President Dan Ammann (pictured) will become the new Chief Executive Officer of the company's autonomous vehicle unit Cruise, the carmaker said on Thursday.

    Current CEO and co-founder Kyle Vogt will stay on...

  • Trump directs agencies to look at cutting GM subsidies - report
    Trump directs agencies to look at cutting GM subsidies - report
    11/28/2018

    United States President Donald Trump is following through on his threat to cut subsidies to carmaker General Motors Co. after the company announced...

  • Trump hints at 25% car tariffs over GM plant closure
    Trump hints at 25% car tariffs over GM plant closure
    11/28/2018

    United States President Donald Trump said on Wednesday that due to the General Motors shutting down production in America, the White House is studying tariffs on imported cars.

    The reason that the small truck business in the U.S....

  • GM to keep 'strong manufacturing presence' in US
    GM to keep 'strong manufacturing presence' in US
    11/27/2018

    General Motors Company said on Tuesday it wants to maintain a "strong manufacturing presence" in the United States despite announcing it will cut production in the country in 2019.

    "Many of the US workers impacted ...

  • GM drops 3% after Trump threatens to cut subsidies
    GM drops 3% after Trump threatens to cut subsidies
    11/27/2018

    Shares of General Motors Company dropped over 3% on Tuesday after United States President Donald Trump threatened to cut the automaker's subsidies over its decision to decrease production and cut jobs in the US.

    Trump said he...

  • Trump: Looking at cutting all GM subsidies
    Trump: Looking at cutting all GM subsidies
    11/27/2018

    General Motors Co. can expect its subsidies to be cut, including the ones for electric cars, for deciding to cut production based in North America, said United States President Donald Trump on Tuesday. The Detroit-based carmaker announced...

  • Trump 'looking at' GM subsidies after layoffs - Kudlow
    Trump 'looking at' GM subsidies after layoffs - Kudlow
    11/27/2018

    The planned production cuts and the accompanying layoffs in several sites in North America by General Motors Co. are a "big disappointment" in the eyes of the United States administration, said US President Donald Trump's c...

  • GM shares spike over 5% on Trump's comments
    GM shares spike over 5% on Trump's comments
    11/26/2018

    General Motors shares jumped over 5% after United Sates President Donald Trump told reporters on Monday that he is not satisfied with the General Motors' decision to cut produ...

  • GM to close plant in Oshawa, Canada - report
    GM to close plant in Oshawa, Canada - report
    11/26/2018

    General Motors Co. will close its plant in Oshawa, in Ontario, Canada, local media reported citing sources familiar with the matter. The plant employs over 2,500 workers and it is unclear how many will lose their jobs. A GM spokesperson ...

  • US regulators probing GM for brake issues
    US regulators probing GM for brake issues
    11/23/2018

    After 111 complaints have been filed with the National Highway Traffic Safety Administration, including nine accidents and a few injuries, the body launched an official investigation into General Motors Co. The institution revealed the a...

  • GM to make electric bikes
    GM to make electric bikes
    11/4/2018

    General Motors announced it will bring two electric bikes to market next year. Little is known about the bikes other that one e-bike will be folding and one compact. The bikes will be "smart" and "connected" and equi...

  • GM offers buyouts to 18,000 employees - reports
    GM offers buyouts to 18,000 employees - reports
    10/31/2018

    General Motors Co. has offered buyout programs to 18,000 of its employees in North America that have amounted at least 12 years of experience at the company, media reported on Wednesday. The workers who were offered the program can opt-i...

  • GM reports EPS of $1.75 in Q3, shares soar 10%
    GM reports EPS of $1.75 in Q3, shares soar 10%
    10/31/2018

    General Motors said on Wednesday that its GAAP diluted earnings per share (EPS) stood at $1.75 in the third quarter of fiscal 2018, marking a surge of 2,088% compared to the same period a year ago. The carmaker's revenue in the three...

  • GM tops ranking of selfdriving capabilities
    GM tops ranking of selfdriving capabilities
    10/4/2018

    Tesla Inc. failed to win Consumer Reports' first selection of (partially) automated driving solutions, as General Motors Co. landed at the top of the chart with Cadillac's Super Cruise. The magazine said on its portal on Thursday...