GM News (NYSE:GM)

DateTimeSource
Headline
03/15/201712:15PMDJNGM Announces Jobs Plan Ahead of Donald Trump's Michigan Speech
By Mike Colias YPSILANTI, Mich. -- General Motors Co. handed President Donald Trump a welcome-back gift Wednesday, announcing plans to hire and retain employees in Michigan just hours before his first visit back to the state since voters there helped carry him to the White House. GM, in the process of laying off workers... More...>>
03/07/20175:10PMDJNGM's Dim Europe View Is Dismissed
By Eric Sylvers GENEVA -- General Motors Co.'s unconventional view of the European auto industry will likely remain just that -- unconventional. Senior executives gathered at this week's Geneva auto show signaled commitment to the world's third-largest auto market after GM's sale of Adam Opel AG, saying... More...>>
03/07/201711:40AMDJNBrazil Vehicle Sales Fall 7.6% in February
By Rogerio Jelmayer SAO PAULO--New-vehicles sales in Brazil declined in February, as the country's poor economy and high level of unemployment discouraged buyers from making big-ticket purchases. Sales of cars, light vehicles, trucks and buses totaled 135,665 in February, down 7.6% from a year earlier, auto-makers... More...>>
03/07/20173:02AMDJNWhat's News: Business & Finance -- WSJ
CSX's management was upended by activist investor Mantle Ridge with the appointment of an industry maverick as CEO. GM's sale of Opel to France's Peugeot slashes costs for the U.S. auto maker and marks a retreat from globalization. The Fed is weighing legal action against the former J.P. Morgan trader at... More...>>
03/06/20175:44PMDJNPeugeot Makes Big Bet on GM's Unprofitable European Brands--6th Update
By Nick Kostov and Eric Sylvers PARIS -- Peugeot struck a more than EUR2 billion ($2.1 billion) deal to buy General Motors Co.'s unprofitable European operations, a daring move by a French auto maker that is still early in its own financial recovery. The deal, announced Monday, ratchets up Peugeot's share of... More...>>
03/06/20174:03PMDJNGM to Take on $3 Billion in Debt to Fund Pensions Moved to Peugeot
By Nina Trentmann General Motors Co. expects to raise about $3 billion in debt to fund pension obligations it plans to transfer to Peugeot SA as part of the sale of its European business, said finance chief Chuck Stevens. The U.S. auto maker on Monday said it had agreed to sell its European operations, including its Adam... More...>>
03/06/20171:30PMDJNGM Laying off 1,100 Workers After Eliminating Shift at Michigan Plant
Associated Press DETROIT -- General Motors Co. is laying off 1,100 workers at an assembly plant in Michigan. GM said it is ending the third shift at its Lansing Delta Township plant because one of its products -- the GMC Acadia SUV -- is moving to Spring Hill, Tennessee. The Lansing plant will still have two shifts building... More...>>
03/06/201711:15AMDJNGM's Opel Exit Is Rare No-Confidence Vote in European Market
By Mike Colias and John D. Stoll General Motors Co. sent a message Monday with the sale of its money-losing Adam Opel AG operation to Peugeot SA: the world's third-largest auto market isn't worth the trouble. GM executives said pulling out of Europe allows the Detroit car maker to slash engineering costs and... More...>>
03/06/20179:24AMDJNWhat GM Is Paying for European Exit--Heard on the Street
By Stephen Wilmot General Motors is so eager to offload its loss-making European arm that it is paying Peugeot to buy it. The French car manufacturer has agreed to give GM EUR1.32 billion for Opel, a historic German brand, and Vauxhall, a British one. This lowly valuation equates to 7.4% of sales, compared with 12% on... More...>>
03/06/20177:54AMDJNGeneral Motors to Sell European Operations to Peugeot -- 5th Update
By Nick Kostov and Eric Sylvers PARIS-- General Motors Co. on Monday said it had agreed to sell its European operations, taking a charge of at least $4 billion, as the U.S.'s biggest auto maker withdraws from a region where it hasn't made money for almost two decades. Peugeot SA will pay EUR1.32 billion ($1.4... More...>>
03/06/20174:59AMDJNGeneral Motors to Sell European Operations to Peugeot -- 4th Update
By Nick Kostov and Eric Sylvers PARIS-- General Motors Co. on Monday said it had agreed to sell its European operations, taking a charge of at least $4 billion, as the U.S.'s biggest auto maker withdraws from a region where it hasn't made money for almost two decades. Peugeot SA will pay EUR1.32 billion ($1.4... More...>>
03/06/20173:43AMDJNGeneral Motors to Sell European Operations for $2.3 Billion -- 3rd Update
By Nick Kostov and Eric Sylvers PARIS-- General Motors Co. on Monday said it would sell its European business for EUR2.2 billion ($2.33 billion), as the U.S.'s biggest auto maker withdraws from a region where it hasn't made money for almost two decades. Peugeot SA will pay EUR1.3 billion for GM's Opel and... More...>>
03/06/20173:24AMDJNGeneral Motors to Sell European Operations for $2.3 Billion -- 2nd Update
By Nick Kostov and Eric Sylvers PARIS-- General Motors Co. on Monday said it would sell its European business for EUR2.2 billion ($2.33 billion), as the U.S.'s biggest auto maker withdraws from a region where it hasn't made money for almost two decades. Peugeot SA will pay EUR1.3 billion for GM's Opel and... More...>>
03/06/20173:05AMDJNGeneral Motors to Sell European Operations for $2.3 Billion -- Update
By Nick Kostov PARIS-- General Motors Co. on Monday said it would sell its European business for EUR2.2 billion ($2.33 billion), as the U.S.'s biggest auto maker withdraws from a region where it hasn't made money for almost two decades. Peugeot SA will pay EUR1.3 billion for GM's Opel and Vauxhall brands... More...>>
03/06/20173:02AMDJNGM's Opel Sale Would Cut Off Source of Cheap Finance -- WSJ
By Mike Colias and John D. Stoll General Motors Co.'s sale of Adam Opel AG likely eliminates a source of low-cost funding for the Detroit auto giant's car-lending business, potentially pressuring profit in lending operations the company has been trying to rebuild since bankruptcy. GM, which on Monday announced... More...>>
03/06/20172:04AMDJNGeneral Motors Sells Opel for EUR2.2 Billion
By Nick Kostov PARIS-- General Motors Co. on Monday said it has agreed to sell its European business Opel for EUR2.2 billion ($2.33 billion), as the U.S.'s biggest auto maker withdraws from a region where it hasn't made money for almost two decades. Peugeot SA will pay EUR1.3 billion for GM's Opel and Vauxhall... More...>>
03/05/201710:28AMDJNGM's Opel Business Sale Likely Eliminates Low-Cost Funding Source
By Mike Colias and John D. Stoll General Motors Co.'s sale of Adam Opel AG likely eliminates a source of low-cost funding for the Detroit auto giant's car-lending business, potentially pressuring profits in lending operations the company has been trying to rebuild since bankruptcy. GM, expected to outline terms... More...>>
03/04/20175:24AMDJNPeugeot's Purchase of GM's Opel Business Expected to be Announced Monday -- 2nd Update
By Mike Colias and Nick Kostov A deal for General Motors Co. to sell its Adam Opel AG European business to French car maker Peugeot is expected to be announced Monday, according to two people familiar with the plan. The companies finalized terms in recent days after several months of discussions, one of the people said... More...>>
03/04/20173:02AMDJNGM's Deal To Sell Opel Unit Firms Up -- WSJ
By Mike Colias and Nick Kostov A deal for General Motors Co. to sell its Adam Opel AG European business to French car maker Peugeot is expected to be announced Monday, according to two people familiar with the plan. The companies finalized terms in recent days after several months of discussions, one of the people said... More...>>
03/03/20172:19PMDJNPeugeot's Purchase of GM's Opel Business Expected to be Announced Monday--UPDATE
By Mike Colias and Nick Kostov A deal for General Motors Co. to sell its Adam Opel AG European business to French car maker Peugeot is expected to be announced Monday, according to two people familiar with the plan. The companies finalized terms in recent days after several months of discussions, one of the people said... More...>>
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