Trends - General Motors - Business Recorder

Business & Finance

General Motors lifts forecast as tariff outlook improves, shares surge 8%

General Motors lifted its financial outlook for the year and slightly lowered its expected hit from tariffs, as the...

Published 21 Oct, 2025 04:35pm

Markets

General Motors reports $1.6bn hit on electric vehicle investments

NEW YORK: General Motors announced Tuesday that it will book a $1.6-billion hit in electric vehicle investments...

Published 14 Oct, 2025 05:27pm

Business & Finance

General Motors to recall over 23,500 US vehicles over fuel leak issue, NHTSA says

General Motors is recalling more than 23,500 Chevrolet Corvette vehicles in the U.S over a fuel leak issue, the...

Published 26 Aug, 2025 12:58pm

World

Trump strikes trade deal with Japan to cut tariffs

WASHINGTON/TOKYO: The United States and Japan struck a deal to lower the hefty tariffs President Donald Trump...

Published 23 Jul, 2025 08:25am

Business & Finance

Trump tariffs take a $1 billion bite out of General Motors earnings

General Motors’ second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront...

Updated 22 Jul, 2025 07:58pm

World

Trump’s tariffs to remain in effect after appeals court grants stay

A federal appeals court temporarily reinstated the most sweeping of President Donald Trump’s tariffs on Thursday, a...

Published 30 May, 2025 08:05am

Business & Finance

GM cuts 2025 outlook, projects up to $5bn hit from tariffs

NEW YORK: General Motors on Thursday lowered its 2025 earnings outlook and said it expects a $4-5 billion hit from...

Published 01 May, 2025 05:21pm

Business & Finance

GM pulls forecast due to tariffs as nervous consumers rush to buy

DETROIT: General Motors has pulled its annual forecast, reflecting the uncertain effects of U.S. President Donald...

Published 29 Apr, 2025 04:18pm

Business & Finance

Trump to reduce impact of auto tariffs, Commerce secretary says

WASHINGTON: President Donald Trump’s administration will move to reduce the impact of his automotive tariffs on...

Published 29 Apr, 2025 07:31am

World

Trump tariffs provoke world condemnation and fears of a $2,300 iPhone

WASHINGTON/OTTAWA: Countries around the world threatened to ratchet up a trade war with the United States on...

Published 04 Apr, 2025 11:24am

Business & Finance

GM, Hyundai in talks to share pickups and electric vans in N America

SEOUL: Hyundai Motor and General Motors are close to finalizing a deal for Hyundai to share two electric commercial...

Published 26 Mar, 2025 07:58am

Business & Finance

GM to increase dividend by 25%, buy back another $6 billion of shares

DETROIT: General Motors said on Wednesday it would increase its quarterly dividend by 25% and undertake a new $6...

Published 26 Feb, 2025 06:03pm

Business & Finance

GM CFO says if US tariffs are permanent, company must consider plant locations

General Motors CFO Paul Jacobson said on Wednesday at a Barclays conference that if U.S. tariffs became permanent,...

Published 19 Feb, 2025 08:43pm

Business & Finance

Hyundai, Stellantis, Delta each donating $1 million to Trump inaugural fund

WASHINGTON: Hyundai Motor’s U.S. unit, Chrysler-parent Stellantis and Delta Air Lines, on Monday each announced they...

Published 14 Jan, 2025 08:29am

Business & Finance

GM laying off nearly 1,000 workers, mostly in US

WASHINGTON: General Motors is laying off nearly 1,000 workers worldwide, mostly in the US, as it looks to streamline...

Published 18 Nov, 2024 02:54am

Business & Finance

Toyota cuts 2026 global EV output plans by a third, Nikkei reports

TOKYO: Japan’s Toyota Motor has slashed its electric vehicle production plans for 2026 by a third, the Nikkei...

Published 06 Sep, 2024 03:01pm

Business & Finance

GM fined $146m for lowballing vehicle emissions

NEW YORK: General Motors will pay nearly $146 million in penalties for underestimating emissions produced by its...

Published 05 Jul, 2024 03:17am

Business & Finance

GM fined $146 million for lowballing vehicle emissions

NEW YORK: General Motors will pay nearly $146 million in penalties for underestimating emissions produced by its...

Published 04 Jul, 2024 11:30am

Business & Finance

General Motors approves new $6 billion share buyback plan

General Motors on Tuesday announced a new $6 billion share buyback plan, just over a month after the automaker...

Published 11 Jun, 2024 05:16pm

Business & Finance

GM upbeat on 2024, betting on a ‘resilient’ US economy

DETROIT: General Motors on Tuesday reported lower pre-tax profit for the fourth quarter but gave investors an upbeat...

Published 30 Jan, 2024 05:02pm

Print

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