Feds Subpoena Nikola as Part of Fraud Probe
The electric vehicle maker has been under scrutiny since a short-seller accused it of misleading investors about its technology.
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 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.
Lordstown Motors to List Shares Through SPAC
The electric pickup truck maker joins a growing number of companies that have gone public through mergers with special purpose acquisition companies.
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.
Ohio Looks To Reclaim GM Tax Break
The automaker was awarded $60 million in credits before it closed its Lordstown, Ohio, plant.
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 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 to Idle Plants, Lay Off 8,000 Salaried Staff
The moves are part of GM's effort to position itself for a future of electric and autonomous vehicles.
GM Price Hikes Drive Earnings Beat for Q3
The automaker raised vehicle prices in the U.S. to a record average of more than $36,000, offsetting declining sales volumes across every brand.