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.
Volkswagen Aims to Raise $2.1B From Truck Unit IPO
The carmaker plans to invest proceeds into transforming auto production as it readies to launch electric 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 Profit Takes Big Hit From Factory Downtime
The automaker has been retooling factories to prepare for the launch of new full-size pickups.