GM Posts $806M Loss, 47% Drop in Sales
The automaker sees stronger sales ahead with its plants now back in production after coronavirus-related shutdowns.
Major US Automakers Plan to Return to Work May 18
The companies say enhanced safety measures will be in place.
GM Banks on Cash Hoard to Ride out Pandemic
“We believe that we’re positioned well to manage through this because we’ve taken swift actions to preserve liquidity,” CFO Dhivya Suryadevara says.
GM Announces Ventilator Deal as Trump Fumes
"This is really an unprecedented activity that GM and Ventec are in to mass-produce a ventilator with an auto manufacturer."
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.