General Motors Co. (GM)
General Motors' Cruise to Pay $500K Penalty Over False Crash Report
GM's Cruise agrees to pay a $500,000 criminal fine after it admitted to submitting a false report in an attempt to sway a federal investigation last year.
Why Will GM Fire 1,000 People?
24/7 Wall St. Insights In an era of pricy labor contracts, slumping electric vehicle sales, and artificial intelligence, do the layoffs of a few white-collar employees at General Motors Co.
GM slashing 1K white-collar jobs in cost-cutting move to ‘focus on top priorities'
GM and other automakers have been navigating an uncertain transition to electric vehicles both in the US and worldwide.
GM lays off 1,000 employees as part of cost-cutting and realignment effort
General Motors (GM) laid off approximately 1,000 employees on Friday as part of a broader effort to reduce costs and realign its priorities in response to shifting market conditions, according to a CNBC report. The layoffs, communicated to affected employees Friday morning, were spread across various departments.
General Motors slashes another 1,000 jobs to cut costs
General Motors is laying off nearly 1,000 workers in the U.S. as part of a cost-cutting bid, just three months after cutting 1,000 software jobs.
GM's Cruise admits submitting false report to robotaxi safety investigation
General Motors unit to pay $500,000 fine after failing to disclose key details of 2023 San Francisco crash to NHTSA
General Motors to lay off 1,000 workers
General Motors (GM) has announced plans for another round of workforce reductions. According to the company's statement issued to AP, GM intends to lay off approximately 1,000 employees as part of an effort to "optimize for speed and excellence" across its operations.
GM lays off 1,000 employees amid reorganization, cost-cutting
GM laid off roughly 1,0000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the decision. The layoffs, which were announced Friday morning via email to those impacted, were across the business.
GM's Cruise to pay $500,000 fine to DOJ, admits submitting false report
Cruise, the autonomous vehicle unit of General Motors, has admitted to submitting a false report with the goal of influencing a federal investigation into a safety incident last year. In penance, the company will pay a $500,000 criminal fine as part of a deferred prosecution agreement, per the Department of Justice (DOJ).
GM laying off nearly 1,000 workers, most in US, source says
General Motors is laying off nearly 1,000 workers worldwide, most in the U.S., as it looks to streamline operations, a source told Reuters on Friday.
GM self-driving unit Cruise admits to submitting false report, will pay $500,000 fine
General Motors' self-driving car unit, Cruise, admitted on Thursday to submitting a false report to influence a federal investigation and will pay a $500,000 fine as part of a deferred prosecution agreement, the Justice Department said.
GM to recall nearly 80,000 vehicles over transmission issues, NHTSA says
General Motors will recall 77,824 vehicles as incorrect software in the transmission control module may cause the vehicle to move in an unintended direction, the U.S. National Highway Traffic Safety Administration said on Thursday.
