General Motors (GM) announced on April 4 that about 5,000 salaried workers had accepted the company’s buyout offers, which the automaker says is enough to avoid layoffs at this time. The offers will save about $1 billion annually in costs, according to GM. The automaker said the “voluntary separation program” is part of efforts to…
General Motors Cutting Salaried Employees, Executives as Part of ‘Structural Costs’ Reduction Effort
General Motors Co. is cutting an unspecified number of salaried and executive staff positions as part of what it says is an effort to lower costs, improve performance, and beat the competition. General Motors chief people officer Arden Hoffman made the announcement in a memo to employees published by Reuters. The Epoch Times cannot confirm the…
GM Quarterly Profit Jumps 16 Percent as Sales Rebound Late in 2022
DETROIT—Rising factory output led to strong U.S. sales at the end of last year, pushing General Motors’ fourth-quarter net income up 16 percent over the same period a year ago. The Detroit automaker made $1.99 billion from October through December, or an adjusted $2.12 per share, easily beating Wall Street per-share projections for $1.69, according…
General Motors Funds Transgenderism Efforts in Children’s Classrooms
January 1, 2023
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General Motors (GM) provided a grant to a pro-transgender organization that supplies kindergarten and elementary classrooms with children’s books that support its ideology. The Detroit-based automaker made a donation last year to the Gay Lesbian and Straight Education Network’s (GLSEN) “Rainbow Library” Program, according to its 2021 Social Impact Report (pdf). The pro-transgender organization is known…
General Motors Recalls 140,000 Chevrolet Bolt EVs Over Carpet Fire Risk
General Motors announced the recall of 140,000 Chevrolet Bolt electric vehicles (EVs) in North America due to fire risks regarding the deployment of front seatbelt pretensioners. The Detroit-based automaker made the announcement on Dec. 20, after it was found that the carpet in the front row passenger seat could catch fire after a crash. The…
Biden Admin Grants $2.5 Billion Loan to GM, LG Energy Solution to Build EV Battery Cell Factories
The U.S. Department of Energy (DOE) announced on Monday the closing of a $2.5 billion loan to Ultium Cells LLC, a joint venture between General Motors and South Korea’s LG Energy Solution, aimed at financing the construction of three new lithium-ion battery cell factories. In a statement, the DOE said the loan will reinforce the “Biden-Harris Administration’s commitment…
NTD Business (Dec. 9): Twitter Files, Part 2: Secret Blacklists; Wholesale Inflation Tops Estimates
The explosive Twitter Files part two is out. This episode presents internal company documents on how many users were shadow-banned. Wholesale inflation data is out. Inflation came in hotter than expected in November, and it could affect your holiday purchases. Workers at a GM battery factory vote on whether to unionize. How did it go? And what…
GM’s Cruise Plans to Enter ‘A Large Number of Markets’ in 2023
DETROIT—Cruise, General Motors Co’s robotaxi unit, plans to enter a “large number of markets” and scale operations up to “thousands of vehicles” in 2023, Chief Operating Officer Gil West told Reuters. Cruise has announced plans to start offering rides in Austin and Phoenix, adding those cities to its current base in San Francisco. West said…
GM Recalls 340,000 Big SUVs; Daytime Running Lights Can Stay On
DETROIT—General Motors is recalling nearly 340,000 big SUVs in the U.S. because their daytime running lights may not shut off when the regular headlights are on. The National Highway Traffic Safety Administration says in documents posted on its website Thursday that having both lights on at the same time could cause glare for oncoming drivers,…
GM Sidesteps Economic Headwinds; Q3 Profit Jumps Nearly 37 Percent
DETROIT—General Motors’ third-quarter net profit rose 36.6 percent as vehicle sales began to rebound from persistent supply chain troubles. The Detroit automaker on Tuesday reported earnings of $3.3 billion from July through September, compared with $2.42 billion a year earlier. The increase was fueled largely by a 24 percent sales increase in the United States, GM’s…
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