DETROIT—General Motors posted a healthy $2.8 billion second-quarter profit Wednesday, but its cautious outlook for the rest of the year spooked investors. The Detroit automaker made the strong profit despite a global shortage of computer chips that have forced it and other companies to temporarily close factories. While GM raised its outlook for the year,…
GM Posts $2.8 Billion Profit, but Cautious Tone Sinks Share Price
August 4, 2021
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GM, Cruise Sue Ford to Block Use of ‘BlueCruise’ Name for Hands-Free Driving
DETROIT—General Motors Co and its Cruise robo-taxi subsidiary have filed a lawsuit to stop Ford Motor Co from using the name “BlueCruise” to market its hands-free driving technology, the companies said on Saturday. In a statement released shortly after midnight Detroit time, GM said Ford’s use of the BlueCruise name infringed on GM’s Super Cruise…
US Trade Boss Tai: We Will Not Incentivize Firms to Move Jobs Overseas
June 21, 2021
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WASHINGTON—The Biden administration said on Monday it was working closely with the United Autoworkers union in pressing Mexico to probe alleged labor rights violations at a General Motors plant in that country, and vowed to fight for a worker-focused trade policy. U.S. Trade Representative Katherine Tai told members of the UAW union during a visit…
NTD Business Full Broadcast (May 5)
General Motors releases first-quarter profits — shattering estimates, despite the global chip shortage that impacted most major carmakers. A major US manufacturer has to pay a multi-million dollar settlement, for exporting technology to China. What did it send? Hackers make off with $30 million in cryptocurrency. NTD takes a look at how it happened and…
GM Profit Surges to $2.98 Billion on Sales of Higher-Margin Trucks
Detroit—General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips. Despite the semiconductor shortage, GM stuck with full-year pretax earnings guidance of $10 billion to $11 billion issued earlier in the year and said earnings would…
General Motors cold weather testing
Though you may not have heard of the small Northern Ontario town called Kapuskasing, named after the bordering river, there’s a good chance that your car is familiar with the area – if it’s a GM. Located about a nine-hour drive from Toronto, this community with a population of less than 9,000 also happens to…
NTD Business Full Broadcast (Feb. 10)
Housing market cools off slightly this week. We ask real estate investor George Gammon if this is a good time to buy a home. Fourteen states are urging president Biden to reverse course on the Keystone XL pipeline. What’s at stake? And will they take legal action? Ride-hailing company Lyft reporting signs of recovery. Will it finally make…
NTD Business Full Broadcast (Feb. 3)
Amazon founder Jeff Bezos will step down as CEO, with the head of cloud computing division Andy Jassy taking over. NTD talks toSteve Anderson, author of the book “The Bezos Letters: 14 Principles to Grow Your Business Like Amazon” to see what could be behind Bezos’s stepping down. General Motors is the latest to be…
Toyota, Fiat Chrysler Drop Support for Trump Effort to Bar California Emissions Rules
February 2, 2021
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WASHINGTON—Toyota Motor Corp., Fiat Chrysler, and other major automakers said on Tuesday they were joining General Motors in abandoning support for former President Donald Trump’s effort to bar California from setting its own zero-emission vehicle rules. The automakers, which also included Hyundai Motor, Kia Motors, Mitsubishi Motors, Mazda Motor, and Subaru Corp., said in a…
GM Changes Brand Logo to Highlight EV Future
General Motors on Friday unveiled a new corporate logo, its first major logo change since 1964, as part of a new campaign to accelerate the automaker’s focus on electric vehicles (EVs). The “m” in the new GM logo is a nod to the shape of an electrical plug, the company said. The campaign includes a…
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