Industry officials, including General Motors CEO Mary Barra, say they learned critical lessons during the last recession and hope to be more proactive this time around.
GM beats analyst estimates for the second quarter despite a massive drop in income in China.
Ford is going on the offensive to defend its highly profitable pickup franchise from emerging all-electric truck competitors such as Tesla. The company on Tuesday released an EV pickup prototype capable of towing more than 1 million pounds.
General Motors CEO and Chairman Mary Barra on Tuesday pleaded for United Auto Workers union leaders to assist, not hinder, the company's ongoing restructuring efforts to better position GM for the future.
Chevy is just rolling out an all-new version of its heavy-duty Silverado with the new High Country trim package that could become the first U.S. pickup to top $100,000, Chevy truck marketing chief Sandor Piszar said in an interview.
GM said it would launch 20 models of electric cars by 2023, beginning early this year. That plan may stall due to the U.S.–China trade war and the looming expiration of a U.S. tax credit to encourage EV adoption.
CNBC's Phil LeBeau reports from a General Motors press conference where the company is announcing a new $1.8 billion dollar investment to build electric vehicles in the U.S. following ongoing controversy with President Trump. Trump criticized the company for idling five of its U.S. plants.
Bob Lutz, former GM Vice Chairman, and Chris Lu, Obama's deputy Secretary of Labor, join "Squawk on the Street" to discuss General Motors' announcement that it plans to add 700 jobs and invest $1.8 billion toward building electric cars in the U.S.
In two hearings held in late March and one scheduled for next week, U.S. lawmakers are grilling virtually every major official involved in the 737 Max program — except Boeing CEO Dennis Muilenburg.
Shares of Ohio-based automaker Workhorse jumped after a tweet from President Trump.
President Donald Trump on Wednesday praised General Motors CEO Mary Barra after he says she informed him GM will sell its shuttered Lordstown, Ohio, manufacturing plant to auto manufacturer Workhorse.
The Rivian pickup "wouldn't make sense for me. It sounds like a playboy's truck, instead of a work truck," Texas rancher Frank Helvey said.
The company in April reported sales that fell 7% from the prior year.
DETROIT, April 18- General Motors Co's top executive, Mary Barra, received a compensation package worth just under $22 million in 2018, slightly less than the previous year, according to the No. 1 U.S. automaker's proxy statement released on Thursday. President Donald Trump as it negotiates new trade deals with China, Europe and Japan. Barra's pay package included...
April 17- General Motors' luxury Cadillac brand is enjoying strong growth in China, the No.1 U.S. automaker said at a conference on Wednesday in New York. The U.S. automaker will launch a new product every 6 months for the next 3 years in China, Carlisle said at a Bank of America Merrill Lynch conference. Sales of the Cadillac brand in China rose 17.2 percent in 2018, and...
On Thursday, General Motors quietly rolled out a new link on its website that touted the "next generation Corvette reveal event" on July 18, along with photos of a camouflaged car that show an all-new, mid-engine model.
March 28- General Motors Co on Thursday said it has no plan to cut the sticker price on its electric Chevrolet Bolt sedan after a federal tax credit drops by half to $3,750 on Monday. Last year, GM became the second automaker in the United States to hit the 200,000 cumulative electric vehicles sales figure, which triggers a phaseout of the $7,500 federal tax credit...
Berkshire Hathaway's Warren Buffett sits down with CNBC's Becky Quick in Grapevine Texas at an event for Hand-up Success. They discuss the state of the economy, his investment strategy and General Motors.
Berkshire Hathaway's Warren Buffett sits down with CNBC's Becky Quick in Grapevine Texas at an event for Hand-up Success. They discuss the state of the economy, his investment strategy and General Motors.
March 22- General Motors Co confirmed on Friday it will invest $300 million in a suburban Detroit assembly plant, adding 400 jobs to build a new Chevrolet electric vehicle. Trump called GM CEO Mary Barra on Sunday to raise the decision to end production at the Ohio plant, which is in a crucial state for the 2020 presidential election. Reuters reported on Thursday on...
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