General Motors Co. posted a quarterly sales gain, and Ford Motor Co. sales fell less than expected. But both are having trouble shrugging off concerns that the U.S. auto market is taking a turn for the worse.
October 2, 2019General Motors News Updates
GM Strike May Have Cost Over $1 Billion So Far, JPMorgan Says
The workers strike at General Motors Co., currently in its third week, already may have cost the carmaker over $1 billion, JPMorgan analyst Ryan Brinkman wrote in a note to clients.
October 1, 2019GM Strike in US Leads to 5,000 Layoffs in Canada, Union Says
About 5,000 workers in Canada have been put on leave due to the United Auto Workers strike at General Motors Co. in the U.S., according to the union.
September 23, 2019GM Makes Concessions on Big-Ticket Employee Health Care
As GM was nearing the expiration of its labor contract with the union last week, the carmaker sought to have hourly workers pay 15% of their health care costs, according to sources familiar with the talks. But by the time the company presented UAW with a deadline offer, GM walked back the proposal and called for keeping contributions steady at about 4%, said the sources.
September 18, 2019Striking GM Workers, Union Far From Agreement
General Motors Co. and the United Auto Workers remain far apart in their talks over a new contract, according to the union’s top negotiator, making it less likely a strike called Sept. 15 will end within two days like a previous work stoppage did in 2007.
September 17, 2019Trump Slams GM’s Dwindling US Workforce
President Donald Trump criticized General Motors Co. for shrinking its U.S. manufacturing presence, which has reduced the company’s unionized workforce to the smallest among Detroit’s automakers.
August 30, 2019GM Is Now Detroit’s Smallest Auto-Making Employer
General Motors Co. now employs fewer union-represented American workers than its domestic rivals for the first time since the United Auto Workers started organizing Detroit’s carmakers eight decades ago.
August 29, 2019Taking in Just $70 a Day, Lordstown GM Plant Savior Workhorse Is in Trouble
Now more than ever, Workhorse looks more like Lordstown’s lottery ticket than a savior to be taken seriously. While it’s hard to imagine at this juncture the company having the capital needed to get GM’s factory humming again, it has a ray of hope to point to: a potentially lucrative contract to build next-generation mail trucks for the U.S. Postal Service.
August 6, 2019GM Profit Beats Estimates as Trucks Make Up for Slower Sales
General Motors Co. is looking like a port in the storm as new trucks and cost-cutting efforts pad profit in the midst of slowing industry sales.
August 1, 2019GM Cruise Robotaxi Debut Delayed
General Motors Co.’s self-driving unit is backing off plans to deploy robotaxis by the end of this year, the latest indication of how auto and tech companies are struggling with the challenges of taking humans out from behind the wheel.
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