Recently, Zacks.com users have been paying close attention to General Motors (GM). This makes it worthwhile to examine what the stock has in store.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Many of the affected employees learned their fate during brief meetings that some workers described as cold and scripted.
A General Motors joint-venture battery company is bringing a small number of workers back to an idled electric-vehicle battery factory in Ohio this month, although plans for recalling hundreds of laid-off workers there remain uncertain.
From 2020 to 2024, GM collected names, contact info, geolocation and driving behavior then sold this data on to third-party companies.
Several General Motors employees who were laid off Monday described their jobs being terminated to CNBC. The layoffs impacted about 500 to 600 employees, largely in information technology roles in Austin, Texas, and Warren, Michigan.
General Motors has laid off more than 10% of its IT department, or about 600 salaried employees — in a deliberate skills swap: clearing out workers whose expertise no longer fits and making room for some with AI-focused backgrounds.
General Motors is laying off hundreds of salaried employees in its information technology operations. The reductions began Monday and will largely impact about 500 to 600 employees in Austin, Texas, and Warren, Michigan, according to a person familiar with the plans.
Zacks.com users have recently been watching General Motors (GM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Shares of General Motors NYSE: GM are facing pressure as broader market headwinds, fueled by oil prices surging to $110 a barrel and escalating geopolitical tensions, trigger a classic risk-off rotation in cyclical stocks. The pullback, however, stands in stark contrast to the automaker's fundamental performance.
General Motors delivered a significant Q1 earnings and revenue beat, driven by resilient North American sales and growth in average transaction prices. GM raised its FY 2026 adjusted EBIT guidance to $13.5–15.5B, benefiting from reduced gross tariff costs after a Supreme Court ruling. Despite increased cost inflation from Middle East tensions, GM's robust EBIT margin performance and 18% earnings yield support an attractive risk profile.