Shares of GM are down 8% since Nov. 25 as Trump ratcheted up his views on tariffs. Ford's stock is off by 8.7%. Tesla's ( TSLA) stock is up 20% as CEO Elon Musk cozied up to Trump and leads his government cost cutting efforts.
"I think we’ll do it February 1st." On the morning of January 28, Detroit Big Three automaker General Motors (GM) reported Q4 and full-year 2024 earnings, where they posted major losses. The automaker behind Chevrolet and Cadillac said it lost $2.
GM hourly employees who worked 1,850 compensated hours are expected to receive a profit-sharing check of $14,500.
In a CNBC interview, GM CEO Mary Barra discussed her conversation with the President, the company's strategic plans for potential tariff impacts on Mexico, and the expected $2 billion revenue from Super Cruise over the next five years.
Mary Barra provided no details on how the automaker will respond to the tariffs, nor how they will affect GM, which has manufacturing facilities in Canada and Mexico as well as the U.S.
General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street
General Motors stock is moving sharply lower Tuesday even after the automaker reported a fourth-quarter earnings beat. Here's what you need to know.
Good morning, and welcome to the General Motors Company fourth-quarter and calendar-year 2024 earnings conference call. [Operator instructions] As a reminder, this conference call is being recorded Tuesday, January 28th, 2025. I would now like to turn the conference over to Ashish Kohli, GM's vice president of investor relations.
GM faces China setback but beats expectations, offers generous profit-sharing to workers, and navigates U.S. regulations.
Financial writer bullish on General Motors' stock, citing strong performance, efficient operations, and potential for future gains.
General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.
General Motors CEO Mary Barra has said she hopes tariffs can be avoided, as Mexican President Claudia Sheinbaum has signaled that authorities are "working and holding conversations to take the necessa