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Skip to main contentEFFECTS OF THE 2008–10 AUTOMOTIVE INDUSTRY CRISIS ON THE UNITED STATES
7 years ago
GM raises 2018 forecast, predicts stronger 2019 earningsGeneral Motors strengthened its pretax profit estimate for 2018 and predicted even stronger performance for this year as it executives made a presentation to investors on Friday. Shares jumped nearly 9 percent in midday trading. CEO Mary Barra also says...
7 years ago
FACT CHECK: Trump claims an auto boom that isn'tPresident Donald Trump is calling attention to an auto industry boom that doesn't exist. In a tweet Thursday slamming General Motors for plans to lay off workers, Trump wrote that auto companies "are pouring into the U. S. " and...
7 years ago
GM cuts jobs in response to present costs, future innovationEven though unemployment is low, the economy is growing and U. S. auto sales are near historic highs, General Motors is cutting thousands of jobs in a major restructuring aimed at generating cash to spend on innovation. It's the new...
8 years ago
Without accounting loss, GM posts record full-year profitsA $7.3 billion accounting charge pushed General Motors into a $3.9 billion net loss for 2017, but without the expense the company posted record per-share earnings.Excluding one-time items, GM made a $9.9 billion profit, or $6.62 per share, the highest...
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