Welcome to our dedicated page for General Mtrs news (Ticker: GM), a resource for investors and traders seeking the latest updates and insights on General Mtrs stock.
General Motors Company reports developments tied to its global auto business, including quarterly earnings, guidance, dividends, share repurchases, tariffs, and EV investment decisions. The company sells Buick, Cadillac, Chevrolet, and GMC cars, trucks, SUVs, and electric vehicles, with GM Financial serving as its captive finance arm.
Recurring updates also cover charging access through brand apps, dealer service-technician training, Cadillac brand and motorsports partnerships, and manufacturing or capacity changes related to vehicle demand and emissions policy. News commonly connects GM's product portfolio, capital allocation, and technology initiatives with conditions in the North American and international automotive markets.
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General Motors announced the appointment of John Stapleton as the acting global chief financial officer, effective August 15, following the resignation of Dhivya Suryadevara. This leadership change comes as GM seeks to strengthen its financial position. Suryadevara played a crucial role in enhancing GM’s balance sheet and cost structure during her tenure. Stapleton, with a long history at GM since 1990, will oversee the financial strategies while the company searches for a permanent CFO.
General Motors Co. (NYSE: GM) reported its second-quarter 2020 earnings, revealing a diluted EPS of $(0.56) and revenue of $16.8 billion despite challenges from the COVID-19 pandemic. Adjusted EBIT was at $(0.5) billion, with automotive liquidity standing at $30.6 billion. Notably, GM's North America EBIT-adjusted approached breakeven at $(0.1) billion. The results underline GM's efforts over recent years to enhance business resiliency, reflecting a commitment to navigate through market disruptions effectively.
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General Motors Co. (NYSE: GM) will report its Q2 2020 financial results on July 29, 2020, at 8 a.m. EDT. A press release and presentation materials will be available on its Investor Relations website. The company will also host a conference call for analysts at 10 a.m. EDT on the same day, with call-in numbers for participants. Future earnings announcements are scheduled for Q3 2020 on Nov. 5 and Q4 2020 on Feb. 10, 2021.
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GM Defense LLC has been awarded a $214.3 million contract by the U.S. Army to produce the Infantry Squad Vehicle (ISV), designed to enhance troop mobility on the battlefield. The contract includes an initial order of 649 vehicles, with a total acquisition objective of 2,065 units. Based on the Chevrolet Colorado ZR2 architecture, the ISV incorporates 90% commercial parts, ensuring durability and ease of maintenance. This award reflects GM Defense's commitment to delivering innovative military solutions, leveraging the expertise of General Motors in design and manufacturing.
General Motors has introduced the OnStar Guardian app, extending OnStar safety services to smartphones for users in the US and Canada. Members can access services like Mobile Crash Response and Roadside Assistance for any vehicle, enhancing safety amid the COVID-19 pandemic. The app allows for family location sharing and provides 24/7 access to emergency advisors. The complimentary offer is valid for six months if redeemed by July 31, 2020. This rollout demonstrates GM's commitment to ensuring safety during the ongoing public health crisis.