Jan 30, 2024 · Those expenses won't occur in 2024, he said. The company also expects to spend $1 billion less on its troubled Cruise autonomous vehicle unit as ...
People also ask
What is the outlook for GM in 2024?
GM's new outlook for 2024
GM's new full-year adjusted pretax profit guidance is in the range of $12.5 billion to $14.5 billion, up from $12 billion to $14 billion. It raised its net income guidance to a range of $10.1 billion to $11.5 billion, up from $9.8 billion to $11.2 billion.
Is GM still on a strike?
The autoworker strike is over, but its effects may reverberate for a while. Update November 16:After a nail-biting round of ratification votes, workers at GM workers narrowly approve the new labor contract that will give them 25 percent wage increases by the time the pact expires in April 2028.
How much is GM profit sharing in 2024?
This year, approximately 45,000 U.S. hourly workers will receive up to $12,250 in profit-sharing. This is a major annual event that occurs for most General Motors employees.
What are General Motors priorities for 2024?
Our priorities and commitments for 2024 and beyond are clear: We plan to maximize the opportunities we have with our winning ICE portfolio, grow our EV business profitably, deliver innovative software and services solutions, and continue progressing AV technology and relaunching AV operations through Cruise – all while ...
Jan 30, 2024 · General Motors on Tuesday reported its fourth-quarter pretax profit plummeted 54% to $1.8 billion. For the full-year in 2023, pretax profits ...
Jan 3, 2024 · Fourth quarter sales of some GM vehicles, were hurt by the strike at the nation's three unionized automakers by the United Auto Workers union.
Jan 3, 2024 · "In 2024, we expect industry sales to remain strong and we're excited about the opportunities ahead as we expand customer choice with new ...
Jan 4, 2024 · The United Auto Workers union said the first major strike of 2024 may take place in Indiana. About 1500 UAW members at Allison Transmission ...
After the historic Stand Up Strike, UAW members at Ford, General Motors and Stellantis have voted to ratify their new contracts, locking in record gains at the ...
Jan 22, 2024 · Shawn Fain, the United Auto Workers president, reaffirms general strike on 1 May 2028, saying 'members need to come together'
Oct 17, 2023 · Next week, GM and Ford will release their third-quarter earnings, which will include indications of how the strike has affected them so far.
Oct 30, 2023 · General Motors and the United Auto Workers (UAW) struck a tentative deal on Monday, ending the union's unprecedented six-week campaign of ...