GM Anticipates Up to $3B Hit from Chip Shortage, Inflation
At the same time, the automaker raised its planned spending on electric and autonomous vehicles to $35 billion through 2025.
Microsoft, GM Strike Autonomous Vehicle Partnership
The companies hope to accelerate the commercialization of self-driving vehicles under GM’s brands.
How the Biden Administration Could Benefit EV Players in the U.S.
The incoming administration's focus on environmental issues and reducing the domestic carbon footprint will likely have a dramatic impact, says one analyst.
GM Posts $4B Profit on Strong Truck, SUV Sales
"GM is benefiting from robust customer demand for our new vehicles and services, especially our full-size pickups and SUVs."
GM Names Delta Executive Paul Jacobson as CFO
“Jacobson is an important hire for GM as it enters into new ventures and continues to restructure its business operations toward all-electric vehicles."
GM Ordered to Repay Ohio $28M In Tax Credits
GM shut down its Lordstown, Ohio, plant last year, despite an agreement to keep it active until 2037.
GM Takes 11% Stake in EV Truck Maker Nikola
The deal will enable GM to deploy its Ultium electric battery system and Hydrotec fuel cells in pickups and big rigs.
General Motors’ CFO Leaves to Join Payments Company Stripe
Dhivya Suryadevara resigns after two years in the role at the automaker.
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.