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PROFIT FORECASTS GM
General Motors serves $1 billion bite to Trump tariffsGeneral Motors reported a 35.4% drop in second-quarter profits to $1.9 billion, impacted by $1.1 billion in US tariffs, despite exceeding a...- Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assetsGeneral Motors is taking a $5 billion hit due to losses in its Chinese joint ventures. The company will write down assets and restructure, ...
- Industry pain abounds as electric car demand hits slowdownInvestment in capacity and technology development has outrun actual EV demand, boosting pressure on companies to cut costs.
- General Motors shares jump 9% as CEO Barra promises shareholders more cashBarra highlighted moves to return cash to shareholders, including $12 billion in 2023 through a $10 billion share buyback and a 33% dividen...
- General Motors Q4 Results: Co reports higher profits on robust vehicle pricingGeneral Motors reported higher quarterly profits Tuesday thanks to continued robust vehicle pricing amid strong North American demand, offs...
- UAW shuts down Ford's biggest plant; Stellantis talks resumingU.S. auto workers are expected to resume talks with Stellantis, the parent company of Chrysler, after a surprise walkout at Ford's largest ...
- General Motors lays off several hundred full-time contract workersGeneral Motors Co has laid off several hundred full-time contract workers at its engineering hub in suburban Detroit over the weekend, the ...
- US stocks extend rally after solid earningsThe broad-based S&P 500 gained 0.7 percent to 3,823.71, while the tech-rich Nasdaq Composite Index jumped 1.3 percent to 11,096.01.
- General Motors escalates the electric vehicle arms raceGM's additional spending accelerates a global arms race among automakers and technology companies to expand electric vehicle offerings. Con...
- General Motors to wind down Australia, NZ operations, sell Thai plant to Great WallIn rearranging its global operations, GM is accelerating its retreat from unprofitable markets, becoming more dependent on the United State...
- Toyota fights image woes, high yen in earningsToyota Motor Corp., the world's No. 1 automaker, reports its fiscal third quarter results Tuesday.
- GM to slash up to 31,500 jobs in USGM to reduce its total US employment from the current level of 96,537 people to between 65,000 and 75,000. Reshape your career | Trends in ...
- Fiat boss calls for aid to European auto industryFiat chairman Luca Cordero di Montezemolo called on Wednesday on EU governments to support their auto industries to ensure they remain comp...
- GM posts $15.5 billion loss, as sales sputterGeneral Motors Corp posted a $15.5 billion quarterly loss on Friday, as North American sales dropped by 20 percent and plunging prices for ...
- GM to lay off 3,500Sagging pickup truck and sport utility vehicle sales have forced General Motors Corp. to shut down one shift each at four North American fa...
- Toyota likely to depose GM as world's largest automakerGeneral Motors Corp could be knocked from its longtime perch as the world's biggest automaker, if production estimates from Toyota Motor Co...
- GM to roll out European Opel model in USGeneral Motors, saying it’s committed to improving vehicle quality and design, will sell a small car from its European Opel unit as a US Sa...
- General Motors, Renault unlikely to become alliesBillionaire Ross Perot once said “you can’t help folks who don’t want to be helped”. Mr Perot said this in 1984, in frustration with Genera...
- Toyota guns for top spot, lines up global expansionToyota is aiming to sell 9.8m vehicles globally in ’08, the company’s president said on Wednesday, as the booming Japanese automaker quicke...
- GM cuts car costs by a thirdGeneral Motors (GM), the world’s largest automaker, will cut costs for new mid-size car models by a third.
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