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75% of CFOs Embrace Double Digit Spending Increases
CFOs want to spend more, but access to capital is the challenge, per the CFO Alliance sentiment report.
By
Adam Zaki
| January 26, 2023
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GM
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
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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
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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
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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
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People
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
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M&A
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
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M&A
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
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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
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Tax
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
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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
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Strategy
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
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Strategy
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
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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
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Supply Chain
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
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Technology
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
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