Trends - General Motors - Business Recorder

General Motors

GM sees $9.3bn hit from new labour deals, outlines $10bn buyback

WASHINGTON: General Motors said on Wednesday its new labor deals after a lengthy US strike will cost it $9.3 billion...

Published 30 Nov, 2023 04:53am

Business & Finance

GM to buy back $10 billion in shares, cut Cruise spending

General Motors said on Wednesday it will buy back $10 billion in shares and boost its dividend by 33%, even as it...

Published 29 Nov, 2023 04:47pm

Business & Finance

Honda hikes production workers' pay after UAW deals with Detroit Three

Honda Motor said on Friday it was implementing an 11% pay hike for production workers at its US facilities from...

Published 11 Nov, 2023 12:53am

Business & Finance

GM to halt production of Cruise driverless van

General Motors said Monday it plans to temporarily halt production of its fully autonomous Cruise Origin van just...

Published 07 Nov, 2023 10:37am

Business & Finance

Toyota hikes wage of US factory workers after UAW labor deals

WASHINGTON: Toyota Motor said on Wednesday it is raising the wages of nonunion US factory workers just days after ...

Published 02 Nov, 2023 03:15am

Business & Finance

Honda, GM scrap ‘affordable’ EV tie-up

TOKYO: Japanese automaker Honda and US giant General Motors said Thursday they were scrapping a tie-up that was...

Published 26 Oct, 2023 11:45am

Technology

Tesla joins GM, Ford in slowing EV factory ramp as demand fears spread

SAN FRANCISCO: Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle...

Published 19 Oct, 2023 10:12am

World

UAW strikes more GM, Stellantis facilities, cites progress in talks with Ford

DETROIT: The United Auto Workers expanded its strikes against Detroit automakers General Motors and Chrysler parent...

Published 23 Sep, 2023 10:17am

World

'Premature' to predict hit from US auto strike: Yellen

WASHINGTON: US Treasury Secretary Janet Yellen said Monday it is too early to gauge the economic impact from an...

Published 18 Sep, 2023 10:39pm

Business & Finance

US auto workers launch first simultaneous strike at Detroit Three

DETROIT: The United Auto Workers union launched simultaneous strikes at three factories owned by General Motors,...

Published 15 Sep, 2023 11:01am

Business & Finance

Tesla, suppliers to invest $15bn in Mexico factory

MEXICO CITY: A state governor in Mexico said on Monday that Tesla and its suppliers would invest $15 billion over...

Published 12 Sep, 2023 09:52am

Business & Finance

GM offers 10pc wage hike in UAW contract talks

WASHINGTON: General Motors said on Thursday it has offered workers a 10% wage hike and two additional 3% annual lump...

Published 11 Sep, 2023 06:32am

Business & Finance

Limited-edition 2025 Mustang GTD: 800+ horsepower and a $300,000 sticker

Ford Motor is joining rival General Motors in the U.S. supercar ranks with the launch of the 2025 Mustang GTD, a...

Published 18 Aug, 2023 03:09pm

Business & Finance

Hyundai Motor’s unit to buy General Motors’ India plant

BENGALURU: Hyundai Motor Co’s Indian unit will buy automaker General Motors’ Talegaon plant in the western state of...

Published 17 Aug, 2023 03:49am

Technology

Global automakers scramble to reset China strategies as sales slow

SHANGHAI: For foreign automakers in China, it is time to double down on a turnaround or cut losses after ceding...

Published 28 Jul, 2023 11:09am

Business & Finance

GM investing $920m in Ohio diesel engine plant

WASHINGTON: General Motors on Tuesday said it was investing $920 million to expand operations at its Ohio diesel...

Published 26 Jun, 2023 06:38am

World

Bill Gates in China to meet with development partners

BEIJING: Bill Gates was in China on Thursday to meet with global health and development partners, following a string...

Published 15 Jun, 2023 11:31am

Business & Finance

Global consumer giants’ bottom lines boosted by price hikes - but will the spending last?

NEW YORK: Major global consumer-facing companies like McDonald’s, General Motors and Nestle posted steady...

Published 02 May, 2023 05:59am

Business & Finance

Replenished car inventories boost GM first quarter sales in US

NEW YORK: General Motors reported a jump in first-quarter US auto sales on Monday, reflecting improved dealership...

Published 03 Apr, 2023 09:20pm

Business & Finance

Hyundai Motor lines up to buy General Motors’ India plant

NEW DELHI: Hyundai Motor Co said on Monday it has agreed to a potential acquisition of General Motors’ plant in...

Published 13 Mar, 2023 06:21pm

Business & Finance

GM profits rise after record quarter in North America

NEW YORK: General Motors rode a strong performance in North America to higher fourth-quarter profits and said ...

Published 06 Feb, 2023 07:27am

Business & Finance

Honda to start producing new hydrogen fuel cell system co-developed with GM

TOKYO: Japan’s Honda Motor Co said it will start producing a new hydrogen fuel cell system jointly developed with...

Published 02 Feb, 2023 10:42am

Business & Finance

GM reports higher quarterly profit, expects strong earnings in 2023

DETROIT: General Motors Co on Tuesday reported a higher quarterly net income for the fourth quarter, and forecast...

Published 31 Jan, 2023 06:19pm

Technology

Twitter, ad verification firms team up to give advertisers tweet-level analysis

Twitter Inc will team up with digital ad verification companies Integral Ad Science and DoubleVerify Holdings Inc to...

Published 26 Jan, 2023 09:56am

Business & Finance

GM recalls 140,000 Chevrolet Bolt EVs over fire risks

WASHINGTON: General Motors Co said Tuesday it is recalling 140,000 Chevrolet Bolt EVs in North America because the...

Published 21 Dec, 2022 10:14am

Technology

Cheerios maker General Mills, Audi of America pause advertising on Twitter

General Mills Inc and Luxury automaker Audi of America said on Thursday they have paused advertising on Twitter, ...

Published 04 Nov, 2022 04:02pm

Markets

Asian markets rally with Wall St on rate hope, healthy earnings

HONG KONG: Asian stocks rose Wednesday to build on another strong performance in New York following more healthy...

Published 26 Oct, 2022 10:17am

Business & Finance

GM confirms profit forecast despite ‘challenging’ environment

NEW YORK: General Motors confirmed its full-year financial forecast Tuesday, lifting shares as it reported strong...

Published 25 Oct, 2022 05:27pm

Business & Finance

GM outsells Toyota in U.S. as industry worries about inflation

General Motors Co outsold Japanese automaker Toyota Motor Corp in the United States in the third quarter, data on...

Published 03 Oct, 2022 09:46pm

World

Republican Toomey blasts Biden’s ‘irresponsible’ use of Cold War-era defense law

WASHINGTON: Republican Senator Pat Toomey on Monday blasted President Joe Biden for what he called the increasing...

Published 26 Sep, 2022 07:22pm

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Dec 6 Trust Modaraba(TRSM)	2.16 ▲ 0.60 (38.46%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	4 ▲ 1.00 (33.33%)
Treet Corp. (R) / Dec 6 Treet Corporation Limited (R)(TREETR2)	4.14 ▲ 0.76 (22.49%)
LSE Propetech / Dec 6 LSE Propetech Limited(LSEPL)	4.55 ▲ 0.79 (21.01%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	6.51 ▲ 1.00 (18.15%)
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	6.69 ▲ 1.00 (17.57%)
HBL Invest Fund / Dec 6 HBL Investment Fund(HIFA)	3.80 ▲ 0.49 (14.80%)
LSE Ventures / Dec 6 LSE Ventures Limited(LSEVL)	5.57 ▲ 0.71 (14.61%)
F. Nat.Equities / Dec 6 First National Equities Limited(FNEL)	6.70 ▲ 0.80 (13.56%)
Redco Textile / Dec 6 Redco Textiles Limited(REDCO)	6.90 ▲ 0.80 (13.11%)

Stock	Price
Dar-es-Salaam / Dec 6 Dar-es-Salaam Textile Mills Limited(DSML)	7.51 ▼ -0.74 (-8.97%)
Ist.Dawood Bank / Dec 6 First Dawood Investment Bank Limited(FDIBL)	2.30 ▼ -0.19 (-7.63%)
Kohat Textile / Dec 6 Kohat Textile Mills Limited(KOHTM)	19.81 ▼ -1.61 (-7.52%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	208.72 ▼ -16.92 (-7.50%)
Shadman Cotton / Dec 6 Shadman Cotton Mills Limited(SHCM)	14.42 ▼ -1.17 (-7.50%)
Land Mark Spinning / Dec 6 Landmark Spinning Industries Limited(LMSM)	16.47 ▼ -1.33 (-7.47%)
SME Leasing Ltd / Dec 6 SME Leasing Limited(SLL)	1.90 ▼ -0.15 (-7.32%)
786 Invest Ltd / Dec 6 786 Investments Limited(786)	5.47 ▼ -0.40 (-6.81%)
Suraj Cotton / Dec 6 Suraj Cotton Mills Limited(SURC)	136.50 ▼ -9.50 (-6.51%)
J.K.Spinning / Dec 6 J.K. Spinning Mills Limited(JKSM)	44 ▼ -3.00 (-6.38%)

Stock	Volume
K-Electric Ltd. / Dec 6 K-Electric Limited(KEL)	143,393,681 ▲ 0.16
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	82,309,654 ▲ 0.05
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	56,884,642 ▲ 0.02
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	54,169,500 ▲ 1.00
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	53,701,236 ▲ 0.84
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	37,662,460 ▲ 0.06
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	36,098,500 ▲ 0.03
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	35,317,902 ▲ 0.99
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	31,154,943 ▼ -0.61
The Searle Co. / Dec 6 The Searle Company Limited(SEARL)	28,673,613 ▲ 3.11

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 6	284.43
USD PKR Interbank Buying / Dec 6	284.13
USD to Japanese Yen / Dec 6	147.26
USD to Swiss Franc / Dec 6	0.87
Pound Sterling to USD / Dec 6	1.26
Euro to USD / Dec 6	1.08
UK LIBOR % / Dec 5	5.46

Stock	Volume
S&P 500 / Dec 5	4567.18
Nasdaq / Dec 5	14229.91
Dow Jones / Dec 5	36124.56
India Sensex / Dec 6	69555.66
Tokyo Nikkei / Dec 6	33445.90
Hang Seng / Dec 6	16427.53
FTSE 100 / Dec 6	7516.04
Germany DAX 30 / Dec 6	16541.49
France CAC40 / Dec 6	7392.44

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 5	17235
Gold 10 Grams PKR / Dec 5	189043
Crude Oil USD/Barrel / Dec 6	72.27
Gold Spot USD/Ounce / Dec 6	2021.37
Cotton US¢/pound / Dec 6	80.12

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General Motors

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