GM to Shutter Holden Division in Australia
The company said it would focus on more profitable markets.
Why Some of Today’s Corporate Powerhouses May Not Survive
Will giants like General Motors and Walmart make the same mistake Nokia made? Or will they emulate Tesla and Amazon?
GM Beats Estimates Despite $1B in Strike Costs
The recovery from the strike “will add to GM’s list of challenges in coming months as pressures build on the car business globally."
GM Workers Approve Contract After 40-Day Strike
“It’s a rich contract for workers. The health care coverage would be the envy of nearly every worker in America.”
GM Idles Mexico Plant and Lays off 6,000 Workers as Strike Continues
The automaker cited a parts shortage due to the strike as the reason for the plant closure.
GM Strike Ripples Out to Suppliers on Day 4
Experts say hundreds of thousands of U.S. workers could be laid off as the impact of the strike spreads.
GM’s Pickups, Cost-Cutting Drive Profit Increase
“Our results demonstrate the earnings power of our full-size truck franchise, with more upside to come," CEO Mary Barra says.
U.S. Trade Policy Fails to Reshore Manufacturing
Several government measures designed in part to bring manufacturing jobs back to the United States are having the opposite effect so far.
GM Posts Earnings Beat, Market Share Slips
The automaker increased sales of pricey pickups by 20% and cut $400 million in costs in Q1, boosting profit despite a 3.4% revenue drop.
4th Quarter Dealt a Heavy Blow To Pension Plans
Large companies saw three quarters of strong gains for their chronically underfunded plans almost wiped out by the late-year stock market nosedive.
Pricey Pickups Power GM Earnings in Q4
Strong sales of high-margin pickups and small SUVs fueled an earnings beat for GM despite weak demand in China.