GM News (NYSE:GM)

DateTimeSource
Headline
08/17/201711:31AMDJNGM Reaches Deal With 'Old GM' Trust on Ignition-Switch Defense Costs
By Mike Colias General Motors Co. has reached an agreement with the trust set up to oversee its bankruptcy claims that likely thwarts lawyers' efforts to extract an additional $1 billion from GM to settle claims stemming from faulty ignition switches. Last week, the trust for creditors of so-called Old GM reached... More...>>
08/16/201711:43AMPRNUSGM Announces Voluntary Delisting From Toronto Stock Exchange
GM Announces Voluntary Delisting From Toronto Stock Exchange PR Newswire DETROIT, Aug. 16, 2017 DETROIT, Aug. 16, 2017 /PRNewswire/ -- General Motors Co. (NYSE: GM; TSX: GMM.U) today announced that it has applied and received approval for a voluntary delisting of its common stock from the Toronto Stock Exchange (TSX) in... More...>>
08/15/20178:21PMDJNGM's Barra in Tight Spot Among Executives on President's Advisory Panels
By Mike Colias Among the executives under pressure to step down from President Donald Trump's business-advisory councils, General Motors Co. Chief Executive Mary Barra may have more to lose than most. The controversy comes as the Trump administration considers rolling back fuel-economy standards, a pet policy goal... More...>>
08/14/20176:24PMDJNEinhorn's Greenlight Capital Cuts GM Stake, Exits Time Warner
By Ezequiel Minaya David Einhorn's Greenlight Capital Inc. sharply pared down its holdings of General Motors Co. and regional pharmacy-chain Fred's Inc. in the second quarter, while acquiring more shares of department store Dillard's Inc. and selling off its position in Time Warner Inc. GM remained among... More...>>
08/11/20173:13PMDJNLawyers Seek Another $1 Billion From General Motors Over Ignition-Switch Defect -- Update
By Mike Colias and Mike Spector Lawyers are alleging that General Motors Co. is on the hook for an additional $1 billion to address claims stemming from faulty ignition switches, the latest legal wrangling over a safety defect that continues to dog the Detroit auto maker years after a recall that triggered widespread investigations... More...>>
08/11/20173:03PMDJNLawyers Seek Another $1 Billion From General Motors Over Ignition-Switch Defect
By Mike Colias and Mike Spector Lawyers are alleging that General Motors Co. is on the hook for an additional $1 billion to address claims stemming from faulty ignition switches, the latest legal wrangling over a safety defect that continues to dog the Detroit auto maker years after a recall that triggered widespread investigations... More...>>
08/10/201712:01AMPRNUSMaven Gig Expands Across the United States
Maven Gig Expands Across the United States - Maven Gig now provides vehicles for freelance drivers in Los Angeles, San Diego and San Francisco. - Future cities include Baltimore, Boston, Detroit, Phoenix and Washington, D.C. - HopSkipDrive is added as a new partner, along with existing partners GrubHub, Instacart, Roadie... More...>>
08/08/20175:22PMDJNGM's Self-Driving Unit Launches Ride-Hailing App
By Mike Colias General Motors Co.'s autonomous-vehicle arm has hatched its own ride-hailing app for self-driving cars, a sign the Detroit auto giant could sidestep its partnership with Lyft Inc. and develop its own network of robotaxis. Cruise Automation, a tech startup acquired by GM last year, has begun testing... More...>>
08/02/20176:28PMPRNUSGM Prices $3.0 Billion of Senior Unsecured Notes
GM Prices $3.0 Billion of Senior Unsecured Notes PR Newswire DETROIT, Aug. 2, 2017 DETROIT, Aug. 2, 2017 /PRNewswire/ -- General Motors Co. (NYSE: GM) announced today the pricing of four series of senior unsecured notes for a total of $3.0 billion. These notes include $0.5 billion of floating rate notes due in 2020, $0.75... More...>>
08/02/20176:01PMDJNTesla Loss Widens But Beats Expectations -- Update
By Tim Higgins Tesla Inc.'s second-quarter loss was narrower than analysts' expectations, buoying the Silicon Valley auto maker as it ramps up production for its first all-electric sedan designed for a mainstream audience. The Palo Alto, Calif., company reported a loss of $336 million, compared with a loss of... More...>>
08/02/20179:04AMPRNUSGeneral Motors Offers Senior Unsecured Notes
General Motors Offers Senior Unsecured Notes PR Newswire DETROIT, Aug. 2, 2017 DETROIT, Aug. 2, 2017 /PRNewswire/ -- General Motors Co. (NYSE: GM) announced today it has launched an offering of senior unsecured fixed and floating rate notes. GM intends to use the net proceeds from the sale of the notes to fund payments... More...>>
08/02/20173:02AMDJNAfter Europe Exit, GM Retools -- WSJ
By Mike Colias in Detroit and Nick Kostov in Paris This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (August 2, 2017). General Motors Co. is hitting the accelerator on its growth agenda now that it has given up... More...>>
08/01/20174:18PMDJNFormer Fiat Labor Negotiator Pleads Not Guilty to Charges of Misusing Funds
By Christina Rogers A former Fiat Chrysler Automobiles NV executive pleaded not guilty Tuesday to charges of making illegal payments to United Auto Worker officials, part of a continuing federal investigation into suspected misuse of funds meant for autoworker training. Alphons Iacobelli, 57, a former head of labor relations... More...>>
08/01/201710:16AMDJNU.S. Auto Makers Report Steep Sales Declines in July
By Christina Rogers and Mike Colias Sales for major U.S. auto makers sharply declined in July amid a modest slump in lease deals that have kept payments low, continuing an industry slowdown that has led to a glut of inventory on dealer lots and a spate of discounts. General Motors Co. reported a 15.4% sales decline in... More...>>
08/01/20179:33AMPRNUSEquinox, Acadia, Envision and XT5 Achieve Best July Ever
Equinox, Acadia, Envision and XT5 Achieve Best July Ever - Crossover and trucks account for 80 percent of sales for best monthly mix ever - July incentive spending as a percentage of ATP below industry average, driving ATPs up nearly $1,000 - Commercial sales up 40 percent for best July since 2007 - Lowest daily rental... More...>>
08/01/20179:00AMPRNUSChevrolet Offers Worried Parents Free OnStar Family Link
Chevrolet Offers Worried Parents Free OnStar Family Link Technology available as August sees spike in number of teens turning 16 PR Newswire DETROIT, Aug. 1, 2017 DETROIT, Aug. 1, 2017 /PRNewswire/ -- With nearly 362,000 kids in the U.S. turning 16 in August — more than in any other month this year — Chevrolet knows... More...>>
08/01/20174:08AMDJNGM Signs Off on Its Retreat From Europe
By Mike Colias in Detroit and Nick Kostov in Paris General Motors Co. is hitting the accelerator on its growth agenda now that it has given up trying to extract a profit from Europe and several tough markets around the globe. GM on Tuesday said it has completed the sale of its Opel AG unit to France's Peugeot, marking... More...>>
08/01/20172:30AMPRNUSGM closes sale of Opel/Vauxhall to Groupe PSA
GM closes sale of Opel/Vauxhall to Groupe PSA PR Newswire DETROIT, Aug. 1, 2017 DETROIT, Aug. 1, 2017 /PRNewswire/ -- General Motors Co. (NYSE: GM) and Groupe PSA (Paris: UG) today announced the close of the sale of GM's Opel/Vauxhall business to the Groupe PSA. The sale represents a win for all stakeholders and is the... More...>>
07/31/20174:31PMDJNGM Hires Jeep Hackers as Detroit Battles Silicon Valley for Tech Talent
By Mike Colias Chris Valasek and Charlie Miller made names for themselves a couple of years ago when they remotely hacked into a Jeep made by Fiat Chrysler Automobiles NV. Now they are going to work for General Motors Co. GM's self-driving-vehicle subsidiary, Cruise Automation, has hired the cybersecurity experts... More...>>
07/26/20173:02AMDJNGM's European Exit Takes Toll on Profit -- WSJ
Earnings drop 42%, overshadowing strength of core North American business By Mike Colias This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (July 26, 2017). General Motors Co. provided a clearer portrait of its... More...>>
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