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.
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.
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.
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.
Leaving Pension Management, and Pension Risk, Behind
A shifting economic and regulatory environment is driving increased pension risk transfer activity.
GM’s Q1 Profit Hits Post-Bankruptcy Record
The results "demonstrate the strong earnings power of this company,” CEO Mary Barra says as profits soar 33% to $2.6 billion.
High Court Clears Way for Suits Against GM
The automaker lost its bid for review of a lower court ruling that exposes it to liability for injuries resulting from an ignition-switch defect.
GM Halts Venezuela Production as Plant Seized
The seizure of GM's only Venezula factory "was granted and enforced in total disregard of [GM's] right to due process," the company says.
GM to Cut 1,100 Jobs at SUV Plant in Michigan
The automaker has announced about 4,400 layoffs since November as it reduces production and employment due to lower U.S. sales.
GM Sells European Car Operations for $1.3B
"This represents another major step in the ongoing work that is driving our improved performance and accelerating our momentum,” GM CEO Mary Barra says.