DETROIT — General Motors plans to invest more than $1 billion in two Michigan plants for the production of next-generation heavy-duty trucks, the company said Monday. The investment includes $788 ...
General Motors said Tuesday that new tariffs on imported cars and auto parts took a $1.1 billion bite out of its bottom line. The company reported net income shrank 35% in the second quarter as ...
President Trump’s tariffs on imported vehicles and car parts have cost General Motors $1.1 billion this past quarter, according to the Detroit-based legacy automaker. GM, the largest car company in ...
Happy Tuesday! It's July 22, 2025, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. This is where you'll find the most important ...
General Motors reported solid second-quarter earnings amid a challenging operating environment. Investors, it seems, wanted more. GM on Tuesday reported an operating profit of $3 billion and earnings ...
General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair Mary Barra said Tuesday during the company’s earnings call. The estimate comes ...
General Motors is reversing a previous forecast that it would build out the capacity to produce 1 million electric vehicles by the close of 2025. At an event on Monday, GM CEO Mary Barra said the ...
It feels like just a few years ago, V8 engines were destined for an early extinction. But in the face of disappearing EV incentives and changing demands, more and more automakers, like GM, are ...
1. EPS-diluted and EPS-diluted-adjusted include a $(0.05) and $0.03 impact from revaluation on equity investments in the three months ended September 30, 2023 and September 30, 2022. Earnings Before ...
General Motors on Thursday said it was offering buyouts for most of its salaried employees and global executives and expects to take a pre-tax charge of up to $1.5 billion to cover the costs. The ...