GM Sheds Money Drain, Gains Cash With Opel SaleBy shedding the bulk of its European operations, General Motors is getting rid of a perennial money drain and gaining essential cash that it can use to reward shareholders and invest in future technology such as electric cars and ride-sharing.
GM Posted $9.4B Net Profit In 2016, But Encore May Be ToughOverall auto sales are flattening in the U.S., GM's biggest profit center, and car inventories are growing.
GM Invests $47 Million Into Michigan, Tennessee PlantsThe spending is part of a $1 billion investment in U.S. manufacturing that GM announced in January.
AP Source: GM To Announce $1 Billion Factory Investment, New JobsThe investment is part of the normal process of equipping factories to build new models, and it's apparently been planned for months.
Auto Industry's Relationship With Trump Takes Dramatic Turn"This is a vote of confidence for President-elect Trump and some of the policies he may be pursuing," said Ford CEO Mark Fields.
Trump's Latest US Corporate Twitter Target: General MotorsIn another tweet targeting a U.S. company, President-elect Donald Trump is threatening to slap a tax on General Motors for importing compact cars to the U.S. from Mexico.
GM To Temporarily Close 2 Michigan Factories As Car Inventory BuildsThe company's Detroit-Hamtramck factory will be shut down for three weeks, while a plant in Lansing will be down for two weeks.
US Allows GM To Delay Recall To Prove Safety Of Air BagsThe delay gives GM time to prove that the devices are safe and to possibly avoid a huge financial hit.
GM Reports Record Profit, Doubling 2015 NumbersGeneral Motors cited "revenue driven by robust retail sales in the United States, strong performance in China, growth in wholesale volume and effective cost performance."
GM Set To Announce Investment At Indiana FactoryMarion city officials say that GM will be spending more than $80 million over the next decade on new equipment, which will help retain jobs at the factory.
GM Introduces Industry-First Rear Seat ReminderAt least 12 children have died so far this year after they were left in hot cars.
GM CEO Sticks To Strategy Despite Falling Sales And SharesBarra said GM's share of profitable retail sales to individual buyers is rising and trade-in values for cars and trucks remain strong.