U.S. stocks finished sharply lower on Thursday, with the financial sector logging a sharp one-day drop, while investors awaited Friday’s February employment data that could help decide how large an in...
Tag: General Motors Co
Stocks making the biggest moves midday: GE, SI, PTN, ETSY
jetcityimage | iStock Editorial | Getty Images Check out the companies making the biggest moves midday: General Electric — The stock gained 6.3% after the company provided an update ahead of its inves...
GM stock slips after disclosing ‘voluntary separation program’ resulting in $1.5 billion employee separation charges
Shares of General Motors Co. GM, -1.63% slipped 0.1% in premarket trading Thursday, after the automaker announced a voluntary separation program (VSP) that is expected to lead to an employee separatio...
GM offers buyouts to ‘majority’ of U.S. salaried workers
Mary Barra, CEO of General Motors at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors will offer voluntary buyouts to a “majority” of its U.S. white-collar employees, as ...
Ford to raise production as U.S. auto sales start to recover
Ford will increase production of six models this year, half of them electric, as the company and the auto industry start to rebound from sluggish U.S. sales in 2022. The automaker announced Friday tha...
UAW leadership upheaval peaks ahead of automaker negotiations
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – As the United Auto Workers pr...
Goldman CEO David Solomon says asset management is the new growth engine
Goldman Sachs CEO David Solomon said Tuesday that asset management and wealth management would be the growth engine for the bank after his efforts in consumer finance went awry. “The real story ...
Lordstown halts production of EV Endurance trucks to fix issues
Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Lordstown Motors sa...
Nikola EV trucks’ driver-assist system coming next year
Nikola Motor Company Two truck Source: Nikola Motor Company Nikola will begin offering an advanced driver-assist system on its electric heavy trucks starting late next year, the company said Wednesday...
Ford F-150 Lightning had separate battery issue before fire
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – A defective battery that ...
Tesla commits to open 7,500 chargers in the U.S. to other EVs
The Biden administration wants to see at least 500,000 electric vehicle chargers on U.S. roads by 2030, and announced a slate of initiatives on Wednesday to help make that a reality, including commitm...
Ford halts F-150 Lightning production due to possible battery issue
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – Ford Motor has paused pro...
Ram EV pickup debuts in Super Bowl ad spoofing sex drugs ads
Ram’s 2023 Super Bowl ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale late-next year. Screenshot DETROIT – Stellantis will air a 60-second Sup...
GM, Jeep and Kia among only automaker advertisers
Automakers – historically among the largest Super Bowl advertisers – are mostly bypassing this Sunday’s NFL championship game to preserve cash or spend ad dollars elsewhere. The only automakers ...
General Motors, GlobalFoundries strike semiconductor deal
The global chip shortage will continue, and consumers will have to pay for it, an analyst from the International Data Corporation said. Sasirin Pamai | Istock | Getty Images General Motors has signed ...
Tesla, General Motors get boost from EV SUV tax credit change
A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT –...
I want to own Sherwin-Williams
Sherwin-Williams Co: “I want to own it. I’ll tell you why. Everything that they could possibly say negative about it is out there. I want to come out with a more positive thesis.” XP...
‘Land grab’ for lithium is just getting started with GM, expert says
Brine pools at the Albemarle Corp. Lithium mine in Calama, Antofagasta region, Chile, on Tuesday, July 20, 2021. Cristobal Olivares | Bloomberg | Getty Images General Motors‘ announcement on Tue...
Stocks making the biggest moves midday: Pentair, UPS and more
General Motors CEO Mary Barra speaks to reporters while she waits for the arrival of President Joe Biden at media day of the North American International Auto Show in Detroit, Michigan, September 14, ...
Stocks making the biggest moves premarket: McDonald’s, UPS and more
Nathan Stirk | Getty Images News | Getty Images Check out the companies making headlines before the bell. McDonald’s — Shares dipped more than 1% after McDonald’s reported its latest quart...
General Motors (GM) earnings Q4 2022
Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT — General Motors is set to report its fourth-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecti...
EV carmakers work to fit auto dealers into their future plans
Customers wearing protective masks looks at the interior of a vehicle for sale at a Ford Motor Co. dealership in Colma, California, Feb. 1, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT —...
Tesla’s price cuts could spur an EV pricing war
A Tesla showroom is seen in the City Center shopping center on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts...
GM investing in new V-8 gas engines, EV components
Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan. JEFF KOWALSKY / AFP / Getty Images FLINT, Mich. — General Mo...
Why it’s a hybrid and not an all-electric car
DETROIT – General Motors’ future may be in all-electric vehicles, but it still needs its current models to pay the bills to allow it to invest in those new products. That’s one of the reas...
Hertz, Denver partner on a broad electric vehicle and charging program
Hertz is teaming up with the city of Denver — and soon, it hopes, with other cities — to build out its charging infrastructure to support the ongoing transition to electric vehicles. The partnership i...
Board also light on media experience
Nelson Peltz David A. Grogan | CNBC Disney directors unanimously rejected activist investor Nelson Peltz’s request to join the board this month, in large part due to his lack of media industry e...