Topline General Motors is offering thousands of U.S. salaried employees buyouts, the company announced Thursday, months after the Detroit-based auto-maker said it was attempting to cut costs by $2 bil...
Tag: Mary Barra
General Motors cuts 500 salaried employees
Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors is cutting hundreds of salaried positions as it follows other major companies, including competitors, in downs...
General Motors expects to boost EV production in second half
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a vari...
Ford, General Motors demand in focus during earnings
Attendees view a Ford Mustang Mach-E GT during opening day of the 2022 New York International Auto Show (NYIAS) in New York, on Friday, April 15, 2022. Jeenah Moon | Bloomberg | Getty Images DETROIT –...
GM, LG end plans for fourth U.S. battery cell plant; automaker seeks new partner
GM CEO and Chairman Mary Barra and LG Chem Vice Chairman and CEO Hak-Cheol Shin at the automaker’s battery lab in Warren, Mich., where the companies announced a new $2.6-billion joint venture on...
Walmart, JPMorgan, GM CEOs talk about possible slowdown
General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP ...
GM evaluates Twitter advertising suspension following Musk takeover
General Motors continues to monitor Twitter and evaluate its decision to suspend advertising on the social media platform following Elon Musk’s takeover of the company, CEO Mary Barra told CNBC ...
Ford claims No. 2 spot in EVs behind Tesla – but gap remains wide
Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor said ...
Barra expects EV profit to be comparable to gas vehicles by 2025
Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE General Motors expects its new electric vehicle profits to be in-line with cars and trucks with traditional engines by 2025 – years ahe...
Same industry, two increasingly different companies
Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — “Same industry. Two different companies.” That’s how influential Morgan Stanley aut...
General Motors (GM) earnings Q3 2022
DETROIT – General Motors easily beat Wall Street’s earnings expectations during the third quarter, while signaling caution and confirming its full-year results are likely to come in near the ...
Wall Street eyes auto industry earnings for signs of ‘demand destruction’
A sign advertises to purchase cars at a used car dealership in Arlington, Virginia, February 15, 2022. Saul Loeb | AFP | Getty Images DETROIT – Since the start of the pandemic in early 2020, U.S. auto...
GM adds ex-Lyft and Tesla executive Jon McNeill as board member
A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell...
GM delays return-to-office mandate after employee backlash
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, ...
GM bets on electric Equinox to kick-start ‘massive adoption’ of EVs
2024 Chevrolet Equinox EV 3LT GM DETROIT – General Motors’ second chance at establishing itself as a mass-market leader in all-electric vehicles is expected to begin next year with the arrival o...
GM to reinstate quarterly dividend, ups share buybacks to $5 billion
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images ...
General Motors (GM) earnings Q2 2022
GM CEO Mary Barra talks with media prior to the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, Michigan. Photo by J...
General Motors Strikes Deals To Ensure EV Battery Production As Q2 Falls
The Silverado Ultium platform battery that powers the Chevrolet 2024 Silverado EV full-size pickup … [+] truck is on display apart from the vehicle at the 2022 New York International Auto Show i...
Why CEO Mary Barra is confident GM can beat Tesla in electric vehicles
GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — In September 2017, General Motors CEO Mary Bar...
Cummins Promotes Jennifer Rumsey To CEO As Diesel Giant Seeks Cleantech Overhaul
Jennifer Rumsey, president and COO of Cummins, will become the company’s next CEO on Aug. 1, 2022. Cummins Inc. The largest maker of diesel engines for trucks and heavy-duty vehicles wants to be...
GM Stock Has Been Hammered, Which Makes Owning a Piece of Its EV Future a Bargain
Text size GM has been showing off its Cadillac Lyriq SUV electric vehicle, priced like Tesla’s Model Y. Courtesy of Cadillac Inflation, rising interest rates, and recession fears have all conspired ag...
Autoworker union accuses GM’s joint venture of denying access for organizing
Striking United Auto Workers members and supporters attend a speech by Vermont Sen. Bernie Sanders outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael ...
Is Tesla Really Competing Against The Auto Industry – Or Oil And Gas?
Every new EV gets compared to Tesla. General Motors CEO Mary Barra has even said her company will sell more EVs than Tesla by the mid-2020s. Lucid and Rivian are “Tesla Killers”. And Henrik Fisker see...
GM is betting its Ultium batteries will lead the automaker to EV dominance
General Motors once led the world in auto sales, and still, with some exceptions, leads the U.S. Now the automaker hopes to become a leader in electric vehicles on its home turf and beyond. The Detroi...
GM will start tying executive compensation to electric vehicle targets
General Motors Chairwoman and Chief Executive Officer Mary Barra speaks during a meeting hosted by U.S. President Joe Biden with private sector CEOs to discuss the Build Back Better agenda at the Whit...
General Motors (GM) earnings Q1 2022
A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell...
GM electric vehicles to power homes in a new California pilot program
General Motors on Tuesday announced a pilot program with Pacific Gas and Electric Co. in California that would make its electric vehicles capable of powering a home in the event of a power outage or g...
Elon Musk takes aim at President Biden after he fails to mention Tesla during State of the Union
Joe Biden, left, and Elon Musk Evelyn Hockstein | Reuters; Andrew Harrer | Bloomberg | Getty Images The feud between President Joe Biden and Tesla CEO Elon Musk doesn’t seem to be cooling anytim...
Elon Musk accuses Biden of ignoring Tesla, says he would ‘do the right thing’ at White House
Joe Biden, left, and Elon Musk Evelyn Hockstein | Reuters; Andrew Harrer | Bloomberg | Getty Images Tesla CEO Elon Musk, in an email exchange with CNBC on Tuesday, accused President Joe Biden of ignor...
Biden acknowledges Tesla’s EV leadership despite Musk’s criticisms
President Joe Biden publicly acknowledged Tesla for the first time in his presidency on Tuesday, noting the company’s status as the nation’s largest producer of electric vehicles. Biden...
GM shares slide after Morgan Stanley downgrade on EVs, 2022 guidance
A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell...
Key takeaways from GM’s Q4 results and 2022 guidance
DETROIT – General Motors’ fourth-quarter earnings beat Wall Street’s expectations and its 2022 guidance pleased analysts, after CEO Mary Barra assured analysts the company would earn near-...