General Motors Co. (GM)
GM's expects more than $5 billion impact from China restructuring, including plant closures
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion in charges and writedowns. The restructuring charges for the "SGM" joint venture are anticipated to include "plant closures and portfolio optimization," according to the filing.
GM to take more than $5 billion in charges on China operations
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.
Stock Of The Day: Is General Motors Headed Lower?
General Motors Company GM shares are trading lower on Tuesday. They may also be breaking support.
Exxon names former GM president to run oil and gas business
Exxon Mobil said on Tuesday that Dan Ammann, former president of General Motors , will take over its largest and most profitable business early next year.
General Motors to Offload Stakes in Battery Plant at Michigan
GM prepares to sell its stake in a joint venture battery plant in Michigan to LG Energy Solution to scale back its EV strategy.
GM's Rapid Retreat From EV Market Gains Speed
Auto company after auto company struggles with slow electric vehicle (EV) sales in the United States and Europe.
General Motors offloads Michigan EV battery factory stake
General Motors Company (NYSE:GM) has announced its exit from Michigan's Ultium Cells LLC electric vehicle (EV) battery plant before the factory's completion. Partner LG Energy Solution will buy General Motors' stake in the “nearly completed” plant, the carmaker said on Monday.
GM recalls over 132,000 trucks over tailgate unlatching, NHTSA says
The National Highway Traffic Safety Administration said on Tuesday that General Motors is recalling about 132,037 trucks due to concerns about tailgates unlatching unexpectedly.
GM offloads one of its battery factories to LGES
General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan to its joint venture partner LG Energy Solution. GM's step back from the factory comes amid weakening electric vehicle demand and the potential rollback of Biden administration incentives to produce clean energy domestically.
G.M. Will Sell Stake in EV Battery Plant to LG
LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.
GM to sell its stake in Michigan battery plant to LG Energy Solution
General Motors said Monday it will sell its stake in its joint venture battery plant in Lansing, Michigan, to partner LG Energy Solution as the Detroit automaker trims its electric vehicle plans.
GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Lansing, Michigan, to its joint venture partner LG Energy Solution, the automaker announced Monday. The Detroit carmaker said it expects to recoup its investment in the facility, which a source familiar with the plans said is anticipated to be roughly $1 billion.
