All articles tagged with #general motors
Originally Published 2 months ago — by The Detroit News
General Motors is reducing its workforce by approximately 1,200 jobs at its Detroit EV plant and making additional cuts at battery plants in Ohio and Tennessee due to a slowdown in the U.S. electric vehicle market.
Originally Published 2 months ago — by CNBC
General Motors laid off over 1,700 workers in Michigan and Ohio due to a slowdown in the electric vehicle market, with plans to temporarily pause battery production at Ohio and Tennessee sites for upgrades, aiming to resume by mid-2026.
Originally Published 2 months ago — by MLive.com
General Motors laid off 200 employees at its Warren Technical Center in Michigan as part of a restructuring of its design engineering team, citing business conditions as the reason for the layoffs, despite the company's strong third-quarter earnings and profit forecast boost.
Originally Published 2 months ago — by Bloomberg
General Motors laid off over 200 salaried employees, mainly at its Warren, Michigan Tech Center, as part of a restructuring to improve profitability amid changing policies and tariffs. Despite recent strong earnings and an increased profit forecast, the company is streamlining operations, including eliminating duplicate roles in design engineering, to adapt to economic and policy shifts. The move coincides with a boost in GM's stock and positive comments from President Trump about the company's performance.
Originally Published 2 months ago — by TipRanks
Analysts have praised General Motors' stock following a strong Q3 earnings report, indicating positive market sentiment and confidence in the company's financial performance.
Originally Published 2 months ago — by Reuters
General Motors raised its annual profit forecast due to tariff relief and reduced losses on electric vehicles, leading to a 14% surge in shares, its best day in six years, amid strong quarterly earnings and optimistic outlooks for 2026.
Originally Published 2 months ago — by CNBC
General Motors is expected to report a 7.2% decrease in revenue and a 22% drop in adjusted EPS for Q3 2025, amid industry challenges like tariffs, regulation changes, and EV pullback costs, with Wall Street analysts expressing concerns about missing estimates and downside risks.
Originally Published 2 months ago — by TipRanks
General Motors is expected to report its Q3 earnings tomorrow, with investors and analysts keenly awaiting the financial results to gauge the company's performance and outlook in the automotive sector.
Originally Published 2 months ago — by ABC News - Breaking News, Latest News and Videos
General Motors will record a $1.6 billion loss in the next quarter due to the end of U.S. EV tax incentives and relaxed emission regulations, including $1.2 billion in impairment charges and $400 million in related costs, though its current EV models remain unaffected.
Originally Published 3 months ago — by InsideEVs
Ford and General Motors are extending the $7,500 EV lease credit through their leasing programs by purchasing vehicles upfront and offering leases with the subsidy factored in, despite the federal EV tax credit ending today. This move aims to keep EV sales strong and affordable for consumers until the program concludes at the end of the year.
Originally Published 4 months ago — by Yahoo! Autos
General Motors is reviving the Chevrolet Bolt, an iconic EV model, for its 2027 lineup with modern features like sharper LED headlights and Tesla-compatible charging, aiming to offer an affordable, standard-setting electric vehicle as EV sales continue to grow globally.
Originally Published 5 months ago — by CNBC
General Motors is preparing to report its Q2 earnings amid ongoing auto tariff uncertainties and changes in EV incentives, with Wall Street expecting a slight decrease in revenue and earnings, while the company adjusts its full-year outlook and emphasizes its commitment to electric vehicles.
Originally Published 1 year ago — by TheStreet
General Motors has announced it will cease funding its Cruise robotaxi division, impacting both its stock and Microsoft's investment in the venture. Microsoft, which invested in Cruise in 2021, expects an $800 million impairment charge due to GM's decision. The move comes after Cruise faced significant challenges, including a high-profile accident and regulatory setbacks. GM cites the extensive resources required to scale autonomous vehicles as a reason for the decision, while still committing to personal-use autonomous technology. This shift may benefit Tesla by reducing competition in the robotaxi market.
Originally Published 1 year ago — by Daily Mail
Adam Bernard, a 60-year-old General Motors employee of 38 years, was laid off via email as part of a global mass layoff, sparking outrage and discussions about corporate loyalty. His story went viral after recruitment coach Joel Lalgee highlighted it on TikTok, criticizing GM's impersonal approach. Despite the abrupt end to his career, Bernard remains financially secure and optimistic, while the incident has fueled broader conversations about employee treatment and corporate practices.
Originally Published 1 year ago — by The Seattle Times
Microsoft is set to incur an $800 million loss following General Motors' decision to cease funding its autonomous taxi initiative, Cruise. Microsoft had invested in Cruise as part of a $2 billion funding round in 2021, aiming to enter the connected-car services market. The charge will negatively impact Microsoft's earnings by about 9 cents per share.