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GM News (NYSE:GM)

DateTimeSource
Headline
07/27/20163:02AMDJNAlly Posts Results That Beat Estimates -- WSJ
By Lisa Beilfuss and Rachel Louise Ensign Ally Financial Inc.'s efforts to branch out from car loans are starting to bear fruit. The lender logged stronger-than-expected earnings and revenue growth in the second quarter despite a drop in auto originations. That was thanks to higher yields on new loans and the bank's... More...>>
07/26/20163:20PMDJNMobileye Ends Partnership With Tesla
Auto-safety supplier Mobileye N.V., is ending its supply agreement with Tesla Motors Inc. following a high-profile traffic fatality in May that has been connected to semi-autonomous technology it sold to the Silicon Valley electric-vehicle maker. Mobileye supplies camera-based advanced driver-assistance safety systems... More...>>
07/26/20163:15PMDJNAlly Financial Beats Expectations -- Update
By Lisa Beilfuss and Rachel Louise Ensign Ally Financial Inc.'s efforts to branch out from car loans are starting to bear fruit. The lender logged stronger-than-expected earnings and revenue growth in the second quarter despite a drop in auto originations. That was thanks to higher yields on new loans and the bank's... More...>>
07/26/201611:57AMDJNAlly Beats Expectations Despite Decline in Auto Originations
By Lisa Beilfuss Ally Financial Inc. logged stronger-than-expected earnings and revenue growth in its latest quarter despite a drop in auto originations, thanks to higher yields on originations and the bank's efforts to diversify its business. The Detroit-based lender, formerly General Motors Co.'s financing... More...>>
07/26/201611:56AMDJNCorrection to Ally Financial Earnings Story
Ally in its year-ago quarter reported a profit of $182 million, or a loss of $2.22 on a per-share basis. (END) Dow Jones Newswires July 26, 2016 11:41 ET (15:41 GMT) Copyright (c) 2016 Dow Jones & Company, Inc. More...>>
07/26/20169:50AMDJNAlly Financial Beats Expectations
Ally Financial Inc. logged stronger-than-expected earnings and revenue growth in its latest quarter despite a drop in auto originations, thanks to higher yields on originations and the bank's efforts to diversify its business. The Detroit-based lender, formerly General Motors Co.'s financing arm and known as... More...>>
07/26/20169:40AMDJNAlly Beats Expectations Despite Decline in Auto Originations
By Lisa Beilfuss Ally Financial Inc. logged stronger-than-expected earnings and revenue growth in its latest quarter despite a drop in auto originations, thanks to higher yields on originations and the bank's efforts to diversify its business. The Detroit-based lender, formerly General Motors Co.'s financing... More...>>
07/25/20165:04PMDJNGM Puts India Investment Plan on Hold
By Santanu Choudhury and Gautham Nagesh General Motors Co. has put a $1 billion India investment plan on hold as it reshuffles its product plan to better meet changing consumer tastes and jump-start its sluggish performance in the fast growing market. A company spokeswoman said Monday that GM will no longer plan on launching... More...>>
07/24/201610:00PMDJNTesla Races to Finish 'Gigafactory' in Time for Model 3 Rollout
SPARKS, Nev.—Tesla Motors Inc. is scrambling to finish building its massive $5 billion battery factory here years ahead of schedule to meet demand for its coming cheaper sedan and provide power for new types of vehicles Chief Executive Elon Musk says are under development. Tesla has doubled the amount of people constructing... More...>>
07/22/201612:30PMDJNAutopilot Crash Shouldn't Slow Self-Driving Development, Regulator Says
The head of the National Highway Traffic Safety Administration indicated Friday that regulators won't look to slow the pace of the introduction of self-driving technology in the wake of a high-profile fatality connected to Tesla Motors Inc.'s Autopilot technology. Mark Rosekind, speaking at a conference in Detroit... More...>>
07/22/201611:52AMDJNTesla Autopilot Crash Shouldn't Slow Self-Driving Development, Regulator Says
By John D. Stoll The head of the National Highway Traffic Safety Administration indicated Friday that regulators won't look to slow the pace of the introduction of self-driving technology in the wake of a high-profile fatality connected to Tesla Motors Inc.'s Autopilot technology. Mark Rosekind, speaking at a... More...>>
07/22/20163:03AMDJNGM Runs Full Bore On SUV, Truck Demand -- WSJ
By Gautham Nagesh General Motors Co. posted its best financial quarter in the seven years since emerging from bankruptcy even as Brexit concerns have the Detroit auto giant raising a caution flag for the second half of 2016. Results for the quarter benefited from a continued shift in the U.S. to high-margin trucks and... More...>>
07/21/20164:11PMDJNGM's Second-Quarter Profit More Than Doubles--3rd Update
By Gautham Nagesh General Motors Co. posted its best financial quarter in the seven years since filing bankruptcy, but Brexit concerns have the Detroit auto giant raising a caution flag for the back half of 2016. Bolstered by strong pickup truck and SUV production in North America, GM's operating profit widely outpaced... More...>>
07/21/20161:08PMDJNGeneral Motors Pays Out Retention Incentives to Cruise Employees
By John D. Stoll General Motors Co. paid out $107 million in retention incentives to at least a portion of the roughly 40 employees of Cruise Automation Inc. who came to the auto maker as part of a May acquisition, according to a federal filing. Since the acquisition was completed, the Cruise workforce -- now technically... More...>>
07/21/201612:23PMDJNGM's Second-Quarter Profit More Than Doubles--2ed Update
By Gautham Nagesh General Motors Co. earnings more than doubled last quarter on strong U.S. truck and sport-utility vehicle demand, leading the nation's largest auto maker to lift it full-year profit outlook despite concerns about financial impact of the U.K.'s decision to exit the European Union. Results benefited... More...>>
07/21/20169:52AMDJNGM's Profit More Than Doubles--Update
By Gautham Nagesh General Motors Co., bolstered by strong truck and SUV demand in its core market, posted a 157% increase in net profit in the second quarter, leading the Detroit auto giant to lift annual guidance even amid concerns about financial impact of the U.K.'s decision to exit the European Union. The auto... More...>>
07/21/20168:30AMDJNGM's Profit More Than Doubles
General Motors Co., bolstered by strong truck and SUV demand in its core market, posted a 157% increase in net profit in the second quarter compared with the same period a year ago, leading the Detroit auto maker to raise its annual guidance even amid concerns about financial impact of the U.K.'s decision to exit... More...>>
07/21/20168:12AMDJNGM's Profit More Than Doubles
By Gautham Nagesh General Motors Co., bolstered by strong truck and SUV demand in its core market, posted a 157% increase in net profit in the second quarter compared with the same period a year ago, leading the Detroit auto maker to raise its annual guidance even amid concerns about financial impact of the U.K.'s... More...>>
07/21/20167:30AMPRNUSGM Reports Second-Quarter Net Income of $2.9 Billion, Up 157 Percent
GM Reports Second-Quarter Net Income of $2.9 Billion, Up 157 Percent PR Newswire DETROIT, July 21, 2016 DETROIT, July 21, 2016 /PRNewswire/ -- Strong EPS diluted of $1.81; record EPS diluted-adjusted of $1.86 Record net revenue of $42.4 billion, up 11 percent Record EBIT-adjusted of $3.9 billion, up 37 percent GM North... More...>>
07/21/20166:00AMDJNEurope Stocks Inch Lower Before ECB Meeting
Stocks in Europe inched lower and U.S. futures were little changed Thursday as investors paused following a recent rally and waited for the European Central Bank's first policy meeting since the U.K. voted to leave the European Union last month. The Stoxx Europe 600 was down 0.3% recently, weighed down by falls in... More...>>
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