Mary Barra Archives - CFO

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

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 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

GM Beats Estimates Despite $1B in Strike Costs

Financial Performance

GM Beats Estimates Despite $1B in Strike Costs

The recovery from the strike “will add to GM’s list of challenges in coming months as pressures build on the car business globally."

By Matthew Heller | October 29, 2019

GM’s Pickups, Cost-Cutting Drive Profit Increase

Financial Performance

GM’s Pickups, Cost-Cutting Drive Profit Increase

“Our results demonstrate the earnings power of our full-size truck franchise, with more upside to come," CEO Mary Barra says.

By Matthew Heller | August 1, 2019

GM Posts Earnings Beat, Market Share Slips

Financial Performance

GM Posts Earnings Beat, Market Share Slips

The automaker increased sales of pricey pickups by 20% and cut $400 million in costs in Q1, boosting profit despite a 3.4% revenue drop.

By Matthew Heller | April 30, 2019

GM Raises Guidance, Predicts Strong 2019

Financial Performance

GM Raises Guidance, Predicts Strong 2019

The company expects to surpass its 2018 earnings projection and promises higher 2019 earnings.

By William Sprouse | January 11, 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 Names Dhivya Suryadevara as New CFO

GM Names Dhivya Suryadevara as New CFO

Suryadevara's appointment to replace Chuck Stevens puts GM in an elite group of companies that have a woman in both the CEO and CFO roles.

By Matthew Heller | June 13, 2018

GM Profit Takes Big Hit From Factory Downtime

Financial Performance

GM Profit Takes Big Hit From Factory Downtime

The automaker has been retooling factories to prepare for the launch of new full-size pickups.

By Matthew Heller | April 27, 2018

GM Offers Restructuring Plan for Korea Unit

GM Offers Restructuring Plan for Korea Unit

The automaker would convert around $2.2 billion of GM Korea's debt into equity in exchange for financial support and tax benefits from Seoul.

By Matthew Heller | February 21, 2018

GM Shareholders Reject Stock-Split Proposal

Risk & Compliance

GM Shareholders Reject Stock-Split Proposal

Activist investor Greenlight Capital had said the plan would "help fix GM's inefficient capital structure" and unlock significant shareholder value.

By Matthew Heller | June 6, 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

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