GM Archives - Page 2 of 4 - CFO

Leaving Pension Management, and Pension Risk, Behind

Risk Management

Leaving Pension Management, and Pension Risk, Behind

A shifting economic and regulatory environment is driving increased pension risk transfer activity.

By | October 3, 2017

GM’s Q1 Profit Hits Post-Bankruptcy Record

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.

By Matthew Heller | April 28, 2017

High Court Clears Way for Suits Against GM

Risk & Compliance

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.

By Matthew Heller | April 25, 2017

GM Halts Venezuela Production as Plant Seized

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.

By Matthew Heller | April 20, 2017

GM to Cut 1,100 Jobs at SUV Plant in Michigan

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.

By Matthew Heller | March 6, 2017

GM Sells European Car Operations for $1.3B

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.

By Matthew Heller | March 6, 2017

GM Hits Record Profit But Expects Flat Growth

GM Hits Record Profit But Expects Flat Growth

The automaker's stock falls 4.7% even though it reported record sales of $166 billion and earnings per share of $6.00 for 2016.

By Matthew Heller | February 7, 2017

SEC Fines GM $1M Over Accounting for Recall

Risk & Compliance

SEC Fines GM $1M Over Accounting for Recall

A defect in GM's internal controls allegedly prevented its accountants from learning about a safety issue for 18 months.

By Matthew Heller | January 19, 2017

Unlocking Hidden Value Through ‘Ubernomics’

Unlocking Hidden Value Through ‘Ubernomics’

How companies like Uber and Airbnb are showing the way to a new, collaborative economy.

By Barbara Gray | April 25, 2016

GM’s Q1 Profit Beats Expectations

Investor Relations

GM’s Q1 Profit Beats Expectations

Strong sales growth in the United States and China helped GM gain market share and report a 47% increase in profit.

By Katie Kuehner-Hebert | April 21, 2016

Weighty New Conundrum for Pension Plan Sponsors

Risk Management

Weighty New Conundrum for Pension Plan Sponsors

With PBGC premiums soaring, sponsors face more pressure to fund up their plans. General Motors' response: do it with debt-issuance proceeds.

By David McCann | March 31, 2016

GM Buys Startup to Fuel Driverless Car Push

GM Buys Startup to Fuel Driverless Car Push

The automaker says Cruise Automation will provide it with "a unique technology advantage" in the race toward autonomous driving.

By Matthew Heller | March 11, 2016

Ally Financial’s Q3 Profit Falls 37%

Credit & Capital

Ally Financial’s Q3 Profit Falls 37%

Income from auto financing fell 16.4%, to $347 million, while income from dealer financing fell 18.5%, to $387 million.

By Katie Kuehner-Hebert | October 29, 2015

Several U.S. Sectors at Risk From China Slowdown

Several U.S. Sectors at Risk From China Slowdown

China accounted for about half of global consumption of key base metals in 2014, suggesting significant risk for the industry, says Moody's.

By Matthew Heller | September 23, 2015

GM Places $5.4 Billion Bet on U.S. Expansion

GM Places $5.4 Billion Bet on U.S. Expansion

GM hopes the investment will allay United Auto Workers concerns about the company's investment in Mexico.

By Matthew Heller | April 30, 2015