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.
The investment is a portion of $1.8 billion GM pledged to spend on manufacturing in the U.S., which will create 700 new jobs and support a further 28,000 jobs across six states, the company said.
President of Global Operations Joe Hinrichs told CNBC the company is moving quickly toward producing what it previously described as a "Mustang-inspired" all-electric SUV that will be in showrooms next year.
President Trump tweeted to urge automaker General Motors to reopen its Lordstown, Ohio plant. Trump suggested in the tweets that GM instead close an overseas auto plant.
Once the last Chevy Cruze sedan rolls off the line Wednesday, thousands of workers will start building new lives as retirees or in new jobs.
When you're president of the United States, you can have TV and Twitter for breakfast.
GM expects to pull in about $2 billion-$2.5 billion in 2018 in cost savings in 2019.
GM CEO Mary Barra did not give many further details on the automaker's electric vehicle efforts, including exactly when customers should expect an electric pickup truck.
"Yes, it was a beat relative to consensus, but we think you have to take this report with a grain of salt," CFRA analyst Garrett Nelson says.
The Detroit automaker could layoff thousands of white-collar workers as early as Monday.
Tesla's perch atop the luxury electric vehicle market is facing some serious challengers in the coming years.
The three top auto groups each managed to deliver more than 10 million vehicles worldwide last year, but the industry saw a sharp dip by General Motors, the long-time sales king sliding into a distant fourth place.
With its CEO setting a goal of going 100 percent electric, GM is taking a close look at how, if not when, to offer an all-electric SUV.
Long the dominant U.S. auto show, Detroit's North American International Auto Show that kicks off Sunday will underscore some of the industry's biggest changes in recent years.
"The product pipeline is full. It's fresh. It's all in the right part of the market," says former GM vice chair Bob Lutz.
Former Continental Airlines CEO Gordon Bethune and CNBC's Phil LeBeau discuss the new guidance on GM and the tranports sector.
CNBC's "Squawk on the Street" team is joined by Emmanuel Rosner, Deutsche Bank lead auto and technology analyst, to talk about GM's guidance.
CNBC's Phil LeBeau shares a highlight from his conversation with General Motors CEO Mary Barra.
CNBC's Phil LeBeau reports on GM's guidance revision and his interview with CEO Mary Barra.
GM cited strong sales in China and high demand for its truck and utility vehicles in the U.S. in upgrading its earnings guidance.