GM Archives - CFO

Nikola Fined $125M for Investor Fraud

Risk & Compliance

Nikola Fined $125M for Investor Fraud

The SEC says the electric vehicle maker misled investors about key aspects of its business, including its technology and a partnership with General Motors.

By Matthew Heller | December 21, 2021

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

Feds Subpoena Nikola as Part of Fraud Probe

Risk & Compliance

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.

By Matthew Heller | November 11, 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 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

Lordstown Motors to List Shares Through SPAC

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.

By Vincent Ryan | August 4, 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

Ohio Looks To Reclaim GM Tax Break

Ohio Looks To Reclaim GM Tax Break

The automaker was awarded $60 million in credits before it closed its Lordstown, Ohio, plant.

By Vincent Ryan | June 19, 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 Idles Mexico Plant and Lays off 6,000 Workers as Strike Continues

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.

By Lauren Muskett | October 2, 2019

GM to Idle Plants, Lay Off 8,000 Salaried Staff

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.

By Matthew Heller | November 26, 2018

GM Price Hikes Drive Earnings Beat for Q3

Financial Performance

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.

By Matthew Heller | October 31, 2018

GM Lowers Earnings Expectations Due to Higher Raw Materials Costs

GM Lowers Earnings Expectations Due to Higher Raw Materials Costs

The carmakers' earnings forecast is dented by the Trump administration's steel and aluminum tariffs as well as unfavorable foreign exchange rates.

By William Sprouse | July 25, 2018

GM Buys Sensor Startup for Robocar Push

GM Buys Sensor Startup for Robocar Push

The automaker says Strobe's LIDAR sensors are a "game changer" in its effort to deploy large fleets of self-driving vehicles.

By Matthew Heller | October 9, 2017