General Motors says pretax earnings took a $1.1 billion hit due to production lost during the UAW's strike, but the company expects to absorb the new contract's costs and raised its dividend.
November 29, 2023GM News Updates
GM Says Strike Cost $1.1 Billion, but Raises Dividend
Cruise CEO Resigns Amid Safety Concerns, Recalls
Kyle Vogt has resigned as CEO of Cruise, General Motors’ autonomous vehicle unit, as questions build about the safety of self-driving cars.
November 20, 2023GM Absorbs Electric Van Subsidiary BrightDrop Into Company
BrightDrop, a General Motors Co. commercial electric vehicle startup formed in 2021, no longer will operate as a subsidiary and is now becoming part of GM, the automaker said Nov. 16.
November 17, 2023General Motors Union Workers Ratify New Labor Contract
United Auto Workers union members have voted to approve a new contract with General Motors, making GM the first Detroit automaker to ratify a deal to end a labor dispute and crippling strikes.
November 16, 2023Cruise Recalls Cars After Pedestrian Was Dragged
DETROIT — GM's Cruise autonomous vehicle unit is recalling all 950 of its cars to update software after one of them dragged a pedestrian to the side of a San Francisco street in October.
November 8, 2023GM Reaches Tentative Deal With UAW to End Strike
General Motors Co. reached a tentative agreement with the United Auto Workers, according to people familiar with the matter, bringing an end to a 6-week-old strike.
October 30, 2023Honda Halts Plans With GM to Develop Smaller EVs
Honda Motor Co. is shelving plans to jointly develop affordable electric vehicles with General Motors Co. due to a changing business environment, CEO Toshihiro Mibe said.
October 25, 2023Strikes Trim GM Profit in an Otherwise Strong Quarter
DETROIT — A strike by auto workers against General Motors is expected to cut pretax earnings by $800 million this year, and another $200 million per week after that.
October 24, 2023GM Delays Electric Pickup Truck Expansion Amid Slower Growth
General Motors Co. will delay the opening of its second electric truck plant in Michigan to preserve capital amid a slowdown in sales growth for electric vehicles.
October 17, 2023Canadian Auto Workers End Strike After Tentative Deal With GM
TORONTO — General Motors and the union representing Canadian auto workers reached a tentative contract agreement Oct. 10, ending a strike that began just after midnight.
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