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GM

Auto Execs Say Consumer Demand Remains Strong

GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.

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GM Delays Plans to Hire 3,000 Salaried Workers

The company plans to delay filling some open positions after hiring 7,000 new salaried workers already in 2022.

GM Hedges its Bets on Ultium Platform

General Motors hopes its Ultium platform, which consists of batteries, motors, software and other components, will help it grow EV market share and overtake Tesla as the No. 1 EV maker.

GM Looks to Pricing Power and Pent-Up Demand to Keep Profits High

The automaker saw a Quarter One net income of $2.9 billion, just 2.7% lower than 2021, despite $2.5 billion in increased costs as global revenue rose 11%.

GM Asks Suppliers to Sign Pledge to Carbon Neutrality

General Motors has requested its suppliers to sign a pledge of carbon neutrality and commit to social responsibility programs and sustainable procurement practices.

2022 Vehicle Safety Recalls on Downward Trend

The number of potentially affected vehicles has also fallen with 4,622,752 vehicles affected so far.

Companies Suspend Operations in Russia

Global auto and truck makers suspended some business in Russia in response to the country’s invasion of Ukraine last week.

GM Keeps Plants Going Amid Chip Shortage

GM entered a deal with semiconductor chip manufacturers to keep its North American assembly lines in production.

GM Earnings Jump in 2021

GM reported a net profit of $10 billion for 2021 and reported full-year pretax rose 47% to hit a record $14.3 billion.

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Biden Touts Build Back Better to Key CEOs

The White House hosted the chief executives of major U.S. companies including auto and tech sector firms this week to discuss President Joe Biden's $1.75 trillion Build Back Better legislation.

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