Paul Jacobson News

15.11 / 14:51

markets COST UPS wellness rights Updates GM lays off about 1,000 workers, cutting costs to compete in crowded auto market

General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market

22.10 / 11:31

markets COST UPS reports testing General Motors overcomes US sales drop and China losses to post 3rd quarter profit of $3 billion

U.S. sales are down and a once-profitable joint venture in China is losing money, but General Motors still managed to post $3 billion in net profits last quarter

08.10 / 06:43

markets COST Digital Volkswagen wellness country Features Decision time for GM in China: Stay, scale back or go

Subscribe to enjoy similar stories. General Motors, long a dominant player in China, was hoping to reinvigorate its faltering business in the world’s largest car market with an influx of new models over the past two years. Among them was the electric Cadillac Lyriq, a flashy luxury car that executives hoped would appeal to Chinese consumers who were increasingly gravitating to plug-in cars.

24.07 / 07:59

markets Provident wellness Chevrolet performer reports International A very strong quarter at General Motors is overshadowed by potential headwinds for industry

U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago

01.12 / 00:42

Digital Manufacturing Chevrolet track GM believes it will start making money on electric vehicles in 2025 as higher margin models arrive

General Motors is losing money on every electric vehicle it sells, but the company says it’s on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin EVs, works out kinks in battery manufacturing and sees ba...

30.11 / 19:49

Target Manufacturing Action Remark Tesla Chevrolet Costs GM looks to cut EV costs while searching for profit from green vehicles

General Motors (NYSE:GM) announced Thursday that the Detroit automaker expects substantial decreases in electric vehicle manufacturing expenses by 2024 while simultaneously ramping up the production of more lucrative vehicle models.

24.10 / 13:13

COST UPS Ford Manufacturing CEO reports Strikes trim GM profit in an otherwise strong quarter; more losses anticipated if picketing spreads

A strike by autoworkers against General Motors is expected to cut the automaker's pretax earnings by $800 million this year, and another $200 million per week after that

24.10 / 11:05

COST UPS Target CEO Tesla track guidance Costs GM withdraws 2023 guidance as UAW strike costs soar

By Joseph White

25.07 / 21:15

COST UPS Manufacturing CEO Chevrolet General Motors General Motors Q2 profit up 52% on strong sales, company confirms new Chevy Bolt EV is coming

General Motors posted $2.54 billion in second-quarter net income, a 52% increase over a year ago

04.04 / 17:49

COST ETF Manufacturing Software Boeing VanEck General Motors Stocks making the biggest moves midday: General Motors, AMC, Virgin Orbit, Kinross Gold and more

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