General Motors Co
GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes
General Motors is working to regain Wall Street’s confidence leading into 2024 with several investor-focused initiatives Wednesday following a tumultuous year of labor strikes and setbacks in its plans for electric and autonomous vehicles. The Detroit automaker plans to increase its quarterly dividend next year by 33% to 12 cents per share; initiate an accelerated […]
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Toyota, Honda among 2.3 million cars recalled in November. How to make certain your vehicle is in good shape for prolonged-distance vacation designs
Rear look at of pair touring as a result of automobile. Maskot | Maskot | Getty Illustrations or photos A remember on your motor vehicle can derail your vacation plans, based on the problem at hand. It is an challenge lots of motorists have to look at this tumble. Subaru, Volkswagen, Typical Motors, Mercedes-Benz, Toyota […]
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Cruise CEO Kyle Vogt resigns from GM-owned robotaxi device
Cruise founder and CEO Kyle Vogt has resigned from his purpose at the autonomous motor vehicle enterprise owned by General Motors, according to a corporation statement sent to CNBC on Sunday. Jordan Vonderhaar | Bloomberg | Getty Photographs Cruise CEO and co-founder Kyle Vogt has resigned from his position at the autonomous car or truck […]
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Ford union employees ratify UAW deal, closing out historic negotiations with Detroit automakers
Associates of the United Vehicle Personnel union picket outdoors the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Pictures DETROIT — Union associates at Ford Motor accredited a tentative settlement Friday, concluding contentious agreement negotiations among the United Car Personnel and Detroit automakers. UAW-Ford workers ended up […]
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Cadillac reveals its new entry-level EV, a compact crossover called the Optiq
2025 Cadillac Optiq Cadillac DETROIT – Cadillac’s new entry-level electric vehicle will be a compact-sized crossover called Optiq, the company said Friday. The General Motors brand said the vehicle, which will be its fourth EV, will slot below the current entry-level Lyriq midsize crossover EV, which starts around $59,000. Cadillac declined to disclose pricing and […]
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UAW members ratify new contract with Chrysler owner Stellantis
United Auto Workers members rally outside Stellantis’ Ram 1500 plant in Sterling Heights, Michigan, after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT – United Auto Workers members at Chrysler owner Stellantis have ratified a new labor contract following a historically contentious round of bargaining between […]
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Shares making the most significant moves midday: Sonos, Cisco Systems, Alibaba, Walmart and a lot more
Look at out the businesses generating headlines in midday trading. Sonos — The inventory climbed 17% after Sonos CEO Patrick Spence said the business is moving into a multiyear merchandise cycle that will involve an entry “into a new multi-billion greenback category” in the second 50 % of fiscal 2024. Macy’s — Shares of the […]
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GM union workers ratify UAW deal following contentious vote
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images DETROIT – General Motors union workers ratified a record deal with the United Auto Workers after a contentious final few days of voting, according to results posted Thursday morning by the […]
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Cruise is getting all its motor vehicles off general public roads amid expanded safety probe, workers alterations
Kyle Vogt, chief executive workplace and main technological know-how officer of Cruise Automation Inc., in the course of the South by Southwest (SXSW) pageant in Austin, Texas, US, on Tuesday, March 14, 2023. Jordan Vonderhaar | Bloomberg | Getty Photos Cruise, Typical Motors‘ embattled driverless motor vehicle unit, stated Tuesday it will pause all general […]
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GM-UAW deal back on track for ratification after major plant approves pact
United Auto Workers (UAW) members strike at a General Motors assembly plant that builds the U.S. automaker’s full-size sport utility vehicles, in another expansion of the strike in Arlington, Texas, October 24, 2023. James Breeden | Reuters DETROIT – The United Auto Workers’ tentative agreement with General Motors is back on track for ratification after […]
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