A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023. Brandon Bell | Getty Images DETROIT — General Motors beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting another strong year despite potential economic and sales head winds. … Read more
DETROIT — General Motors’ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016. Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next. The unit has quickly gone … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on October 04, 2023 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
DETROIT – General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. “The facility that we announced today is a $6 billion line of credit that I think is prudent in light of some of the messages that we’ve seen from some … Read more
Mary Barra, CEO, GM on the NYSE, November 17, 2022. Supply: NYSE DETROIT — Normal Motors is elevating its 2023 steerage for a second time this 12 months after the automaker reported second-quarter outcomes Tuesday that had been up sharply 12 months over 12 months. The Detroit automaker additionally stated it’s rising cost-cutting measures by … Read more