General Motors Archives - CFO

GM Loses $4.9B in Q4 But Beats Estimates

Financial Performance

GM Loses $4.9B in Q4 But Beats Estimates

The automaker's operating results were "very strong, and actually great" in the quarter and for the full year, CFO Chuck Stevens says.

By Matthew Heller | October 28, 2021

GM Anticipates Up to $3B Hit from Chip Shortage, Inflation

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.

By Lauren Muskett | June 17, 2021

Microsoft, GM Strike Autonomous Vehicle Partnership

Microsoft, GM Strike Autonomous Vehicle Partnership

The companies hope to accelerate the commercialization of self-driving vehicles under GM’s brands.

By Lauren Muskett | January 19, 2021

How the Biden Administration Could Benefit EV Players in the U.S.

Risk & Compliance

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.

By Vincent Ryan | November 24, 2020

GM Posts $4B Profit on Strong Truck, SUV Sales

Financial Performance

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."

By Matthew Heller | November 5, 2020

GM Names Delta Executive Paul Jacobson as CFO

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."

By Matthew Heller | November 2, 2020

GM Ordered to Repay Ohio $28M In Tax Credits

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.

By Vincent Ryan | September 29, 2020

GM Takes 11% Stake in EV Truck Maker Nikola

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.

By Matthew Heller | September 8, 2020

General Motors’ CFO Leaves to Join Payments Company Stripe

General Motors’ CFO Leaves to Join Payments Company Stripe

Dhivya Suryadevara resigns after two years in the role at the automaker.

By Lauren Muskett | August 11, 2020

GM Posts $806M Loss, 47% Drop in Sales

Financial Performance

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.

By Matthew Heller | July 29, 2020

Major US Automakers Plan to Return to Work May 18

Major US Automakers Plan to Return to Work May 18

The companies say enhanced safety measures will be in place.

By Lauren Muskett | May 11, 2020

GM Banks on Cash Hoard to Ride out Pandemic

Financial Performance

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.

By Matthew Heller | May 6, 2020

GM Announces Ventilator Deal as Trump Fumes

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."

By Matthew Heller | March 30, 2020

GM to Shutter Holden Division in Australia

GM to Shutter Holden Division in Australia

The company said it would focus on more profitable markets.

By Lauren Muskett | February 17, 2020

Why Some of Today’s Corporate Powerhouses May Not Survive

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?

By David McCann | January 16, 2020