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GM

Amid cutbacks, tariffs are adding to GM's financial woes

by Mitchell Hartman
Nov 27, 2018
GM announced plant closures in North America and thousands of layoffs, tariffs are also weighing down the car company.
A worker wears a t-shirt during a information session at Local 222 in Oshawa, Ontario, on November 26, 2018.
LARS HAGBERG/AFP/Getty Images
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GM pursues winning skill set with big layoffs

by Justin Ho
Nov 26, 2018
General Motors is shutting down production of some of its less-profitable vehicles, closing some plants and cutting an estimated 14,000 jobs. It will double its investment in autonomous and electric cars in the next two years in an effort to get ahead of major changes in the automotive landscape in America.  Click the audio player […]
A sign is viewed at the General Motors Detroit-Hamtramck Assembly as they announced the closing of multiple facilities including this one on November 26, 2018 in Detroit, Michigan.
JEFF KOWALSKY/AFP/Getty Images
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Why American auto companies no longer want to sell actual cars

by Janet Nguyen
Nov 26, 2018
The Big Three — Ford, GM and Chrysler — are moving away from car sales in the U.S. and instead focusing on bigger vehicles like SUVs and pickup trucks for the American market.
Chevrolet Cruze cars offered for sale in Lyons, Illinois.
Scott Olson/Getty Images
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GM to slash 14,000 jobs in North America

by Associated Press
Nov 26, 2018
The reduction includes 8,100 white-collar workers, some of whom will take buyouts and others who will be laid off.
GM CEO Mary Barra addresses the 2018 General Motors Annual Meeting of Shareholders.
Bill Pugliano / Getty Images
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What Honda's investment in GM means for self-driving cars

by Justin Ho
Oct 3, 2018
Autonomous cars made more interesting in a deal that's more Silicon Valley than Detroit.
The logo of U.S. carmaker General Motors, or GM, is visible on the front grille of a GM Hydrogen 4 fuel cell-powered car at a presentation by Opel and GM on November 26, 2008 in Berlin, Germany
Sean Gallup/Getty Images
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Ralph Nader recalls life under surveillance by General Motors

by David Brancaccio and Ali Oshinskie
Sep 28, 2018
In a web exclusive, the consumer advocate explains how a run in with GM fueled his career.
David Brancaccio/Marketplace
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Detroit carmakers cut production amid sales slump

by Adam Allington
Aug 1, 2017
July sales are down across the board for the Detroit Three automakers, 15.5 percent for GM, 10 percent for Chrysler and 7.5 percent for Ford. That makes seven straight months of declines for the U.S. auto industry at large. Now, considering the last two years basically broke every kind of sales record in the books, […]
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GM wards off stock split as investors demand higher profits

by Andy Uhler
Jun 6, 2017
The automaker is competing against electric and autonomous car companies as well as Ford and Honda.
General Motors CEO Mary Barra speaks at the company's annual meeting June 6 in Detroit. 
Photo by Bill Pugliano/Getty Images
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Is generosity enough to prop up this post-recession town?

by Kai Ryssdal and Bridget Bodnar
Apr 19, 2017
Janesville, Wisconsin's resources are stretched thin after GM left the city and took jobs with it.
“I wanted to tell the story of a perfectly ordinary place that had lost a slew of jobs in the Great Recession,” said author Amy Goldstein.
Scott Olson/Getty Images
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Companies try to avoid the Trump Twitter treatment

by Annie Baxter
Jan 18, 2017
It’s not even Inauguration Day yet, but we’re getting a pretty clear sense of President-elect Donald Trump’s negotiating style with corporate America. His tweets have chastised manufacturers like Carrier, GM and Ford for outsourcing jobs, prompting those companies to promise to add or retain jobs domestically. And now several others are promising expansions and investments […]
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