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Stories tagged: General Motors


UPDATED: Wed., Oct. 31, 2018, 7:14 p.m.

GM offers buyouts to 18K salaried workers in North America

General Motors will attempt to cut costs by offering buyouts to about 18,000 white-collar workers in North America.


Rising prices, margins drive GM’s third quarter

Shares of General Motors rose more than 6 percent Wednesday morning after the company posted a $2.5 billion third-quarter profit that blew away Wall Street estimates.


GM named No. 1 company in world for gender equality

General Motors is ranked No. 1 in the world for gender equality in the workplace.


Motley Fool: A revved-up stock

General Motors (NYSE: GM) faces concerns about rising aluminum and steel prices and a plateauing North American new-vehicle market, but it has made smart moves, positioning itself well in the …


GM revs up autonomous car unit and dormant shares fly

Shares of General Motors posted their largest one-day gain since the company’s rebirth from bankruptcy eight years ago, after Japanese technology conglomerate SoftBank decided to pump $2.25 billion into GM’s …


Motley Fool: Firing on many cylinders

General Motors stands out as an attractive, undervalued income opportunity at recent prices.


UPDATED: Tue., Feb. 6, 2018, 5:27 p.m.

If interest rates rise, GM likely to expand subsidized loans

If auto loan interest rates rise as expected this year, General Motors and others are likely to make more subsidized loans, including zero-percent financing, to keep car sales flowing.


UPDATED: Wed., Nov. 15, 2017, 6:16 p.m.

California may limit liability of self-driving carmakers

California regulators are embracing a General Motors recommendation that would help makers of self-driving cars avoid paying for accidents and other trouble, raising concerns that the proposal will put an …


GM buys laser firm in bid to speed autonomous car research

General Motors is buying a small Laser light sensor-developer Strobe Inc.


GM to offer two more electric vehicles in next 18 months

General Motors is promising two new electric vehicles on Chevrolet Bolt underpinnings in the next 1


GM workers go on strike at Canadian SUV factory

About 2,500 workers at a Canadian General Motors plant that makes the Chevrolet Equinox SUV are on strike in a dispute over job security.


Motley Fool: General Motors deserves test drive

Many investors are anticipating the spread of electric cars and self-driving vehicles and assuming that the traditional automakers are toast. General Motors’ (NYSE: GM) CEO Mary Barra sees it differently.


GM extends summer shutdown at two car plants as demand falls

General Motors is extending the normal two-week summer shutdown for at least two U.S. car factories because of slumping sedan sales.


UPDATED: Tue., June 13, 2017, 2:23 p.m.

GM says it has made 130 self-driving Bolts

General Motors says it has built 130 self-driving Chevrolet Bolt electric cars at a factory in suburban Detroit.


UPDATED: Tue., June 6, 2017, 5:13 p.m.

General Motors shareholders reject stock split

General Motors shareholders have overwhelmingly turned down an activist shareholder’s plan to split the company’s stock into two classes.


Big summer shutdowns loom for U.S. auto plants as sales sputter

Auto workers may be getting some extra time off around Independence Day, but they won’t be celebrating. They’ll know it means sales are weak and that profits – and profit-sharing …


UPDATED: Mon., April 24, 2017, 6:07 p.m.

Justices turn away GM appeal over ignition switches

The Supreme Court on Monday turned away an appeal from General Motors Co. seeking to block dozens of lawsuits over faulty ignition switches that could expose the company to billions …


Venezuela seizes a General Motors plant amid antigovernment protests

Venezuelan authorities seized a General Motors plant Wednesday, an unexpected move that appeared aimed at provoking U.S. authorities and distracting attention from intensifying protests against President Nicolas Maduro.


GM sells European brands to France’s Peugeot

General Motors is selling its unprofitable European car business to the French maker of Peugeot, marking the American company’s retreat from a major market and raising concerns of job cuts …


PSA Group exploring takeover of GM’s European unit Opel

France’s PSA Group, maker of Peugeot and Citroen cars, says it’s exploring a “potential acquisition” of Opel, General Motors’ money-losing European business.


Toyota leads U.S. sales drops as carmakers keep discounts coming

Toyota led carmakers reporting declining U.S. sales in January, as an industry aiming for another record year maintains hefty spending on incentives to keep consumers coming to showrooms.


How a Trump tariff could sideswipe auto industry

The threat from President Donald Trump to tax Mexican-made cars sold in the U.S. would throw the industry into disarray, analysts say, forcing some uncomfortable choices: Raise car prices or …


GM announces $1B factory investment, new jobs

General Motors will make a $1 billion investment in its factories that will create or keep around 1,500 jobs.


GM sees higher profit in ‘17, plans $5 billion share buyback

General Motors forecast profit will rise to as much as $6.50 a share in 2017 after meeting the high end of last year’s target, enabling the largest U.S. automaker to …


GM to move production of GMC Terrain to Mexico from Canada

General Motors will move production of its revamped GMC Terrain to Mexico from Canada and expand production of the Ontario plant’s Chevrolet Equinox, reflecting the growing popularity of compact sport …


With or without wall, Trump wreaks havoc on Mexico’s economy

Donald Trump hasn’t even been sworn in as president yet and he’s already wreaking havoc in Mexico’s economy.


Trump tariff on GM would violate NAFTA, but that may not stop him

As president, Donald Trump won’t be able to punish General Motors for building cars in Mexico without violating NAFTA. That may not stop him from taking an unprecedented step against …


VW goes on offensive in crisis pushback, expanding SUV and E-car line

Volkswagen is going on the offensive in North America, challenging the likes of General Motors and Ford with a wave of new sport utility vehicles and battery-powered cars.


U.S. allows GM to delay recall to prove safety of air bags

U.S. auto safety regulators are allowing General Motors to delay a large recall of potentially defective air bags, giving the company time to prove that the devices are safe and …


GM laying off more than 2,000 at two car plants as sales slow

Falling demand for cars is forcing General Motors to lay off more than 2,000 workers indefinitely at two assembly plants in Ohio and Michigan starting in January.