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General Motors Co Says Reaffirming Guidance For Full Year
GM Estimates Impact From Temporary Semiconductor Shortage To 2021 EBIT-Adj. Outlook Is $1.5 Bln-$2 Bln
GM Reports Q1 Adjusted Earnings Per Share $2.25
General Motors Company designs, builds and sells trucks, crossovers, cars and automobile parts worldwide. The Company provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). GM North America (GMNA) and GM International (GMI) are its automotive segments. GMNA and GMI meets the demands of customers in North America with vehicles developed, manufactured and marketed under the Buick, Cadillac, Chevrolet, GMC and Holden brands. The Company's segments include GMNA, GMI, Cruise and GM Financial. The Company’s subsidiaries and business units include OnStar LLC, which provides vehicle connectivity services; Cruise LLC, which is in the development and commercialization of self-driving technology; GM Financial Co., is its finance subsidiary, and BrightDrop, which is developing an ecosystem and electrified products and services to help in first to last mile delivery operations.
Auto & Truck Manufacturers
300 Renaissance Center
Mary T. Barra
Chairman of the Board, Chief Executive Officer
Mark L. Reuss
Paul A. Jacobson
Chief Financial Officer, Executive Vice President
Chief Executive Officer - GM Cruise Holdings LLC
Craig B. Glidden
Executive Vice President, General Counsel
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General Motors Co and Chief Executive Mary Barra were forced by the semiconductor supply-chain crunch to slash production and sell fewer vehicles at higher prices.
(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)
General Motors Co said on Wednesday that its first-quarter profit jumped, despite a global semiconductor chip shortage that has shuttered some of its plants.
General Motors Co's chief executive officer, Mary Barra, received a compensation package worth $23.7 million in 2020, 9.4% more than the previous year, according to the U.S. automaker’s proxy statement released on Friday.
General Motors Co is targeting not only the elimination of tailpipe emissions by 2035 on all light vehicles it sells, but the largest U.S. automaker also is looking to clean up its own operations with goals it outlined on Friday.
General Motors Co said on Thursday it will invest $1 billion in a manufacturing complex in Mexico, drawing immediate criticism from the union for U.S. autoworkers as it prepares to build electric vehicles in 2023 in the border state of Coahuila.
General Motors Co said it would launch a recall and software update on Thursday to address a callback of nearly 69,000 Chevrolet Bolt electric vehicles for fire risks and will replace battery module assemblies as necessary.
United Auto Workers President Rory Gamble told Reuters the union is in talks with General Motors about representing workers at joint venture battery plants, and voiced opposition to proposals for Washington to impose a firm deadline to end use of gasoline- and diesel-powered...
General Motors on Wednesday announced deals with major electric vehicle charging networks to offer its customers access to nearly 60,000 charging points across the United States and Canada.
Ford Motor Co on Tuesday took a fresh step toward taking control of electric vehicle battery design and production, saying it would establish a southeast Michigan center to research and build prototype lithium ion and solid-state cells.
General Motors Co will double its commitment to spending with Black-owned media to 4% of its ad budget next year with a target of reaching 8% by 2025, the U.S. automaker said on Friday.
General Motors Co on Friday said it will double its commitment to spending with Black-owned media to 4% of its ad budget next year with a target of reaching 8% by 2025.
General Motors Co on Tuesday outlined plans to allow remote work after the pandemic, in part to cast a wider net for recruiting programmers, marketers and other talent needed for its connected, electric vehicle strategy.
SES said on Monday it had raised $139 million in a funding round led by General Motors, as the lithium metal battery startup benefits from rising demand for electric vehicles.
Toyota pioneered the world's most successful hybrid car but when it comes to pure electric vehicles it has some catching up to do, especially in China.
General Motors Co and South Korean joint-venture partner LG Energy Solution on Friday said they will build a second U.S. battery cell manufacturing plant, revealing plans for a $2.3 billion factory in Spring Hill, Tennessee.
Self-drive automaker Cruise, backed by General Motors Co, on Thursday said it raised $2.75 billion in its latest funding round with additional investment from Walmart Inc and others, taking the startup's valuation over $30 billion.
General Motors Co and South Korean joint-venture partner LG Chem Ltd will announce a second U.S. battery cell manufacturing plant on Friday, revealing plans for a $2.3 billion factory in Spring Hill, Tennessee, three people familiar with the matter said.
General Motors Co's marketing and promotional spending will return to normal levels after the COVID-19 pandemic caused that budget to drop last year, the U.S. automaker's top marketing officer said on Monday.
General Motors Co's majority owned Cruise self-driving car subsidiary said on Monday it plans to begin deploying its robotaxis in Dubai beginning in 2023, in a deal that signals the company is more confident about launching its first commercial service in San Francisco before...
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