2019 Forecasts Show GM Has an Edge on Fiat Chrysler

Fiat Chrysler (NYSE: FCAU) shares soared between mid-2016 and early 2018, as investors grew comfortable with the company's turnaround plan. Fiat Chrysler has slashed production of low-margin cars while leaning on its lucrative Jeep and Ram brands for growth. These efforts have succeeded for the most part, as Fiat Chrysler recently reported a record adjusted operating profit (6.7 billion euros) […]

Read more

GM Cruise chief could earn $25 million in long-term incentives

DETROIT (Reuters) – The head of General Motors Co’s Cruise self-driving car unit stands to make more than $25 million over the next decade if the technology subsidiary experiences a change in ownership or is listed publicly, according to a regulatory filing on Wednesday. Dan Ammann, who stepped down as GM’s president and was named chief executive of Cruise at […]

Read more

GM Warns Unifor To Cease Publication Of Super Bowl Ad

Despite objections from General Motors Co. (GM), Canada’s largest private sector union Unifor has said it will move forward with airing a television commercial that is critical of the automaker during the Super Bowl. Unifor represents Canadian employees at GM’s car assembly plant at Oshawa, Ontario. About 2,500 of Unifor’s unionized workers at Oshawa will eventually lose their jobs as […]

Read more

GM expected to start cutting 4,000 jobs

GM CEO: We want General Motors to stick around for ‘next several decades’ GM CEO Mary Barra speaks after meeting with Maryland’s delegation. It is Black Monday for workers at General Motors. Continue Reading Below The automaker is expected to start its next round of white-collar job cuts Monday, but the carmaker apparently has fewer staff reductions left to make than […]

Read more

GM halts operations at 11 Michigan plants after utility's urgent appeal

WASHINGTON (Reuters) – General Motors Co said late on Wednesday it will temporarily suspend operations at 11 Michigan plants and its Warren Tech Center after a utility made an emergency appeal to users to conserve natural gas during extreme winter cold. Fiat Chrysler Automobiles NV also said it had canceled a shift on Thursday at both its Warren Truck and […]

Read more

Can GM beat Ford with pickup offerings?

Did Trump’s tough talk against GM work? “Bulls & Bears” panel on President Trump’s attacks against General Motors. U.S. automaker General Motors is betting big on pickup trucks in 2019, amid an overall decline in sales last year. Continue Reading Below “We are very bullish on pickups heading into 2019,” Kurt McNeil, GM’s U.S. vice president of sales operations, said […]

Read more
1 2 3 7