General Motors Company, commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center. It was originally founded by William C. Durant on September 16, 1908 as a holding company. The company is the largest American automobile manufacturer, and one of the world's largest. As of 2019, General Motors is ranked #13 on the Fortune 500 rankings of the largest United States corporations by total revenue.
U.S. stocks soared Monday, and the S&P 500 closed at a 10-week high. As Fred Katayama reports, encouraging data for a potential coronavirus vaccine and the promise of more stimulus for the economy sent..
The S&P 500 and the Dow fell on Wednesday but the Nasdaq ended higher. The indexes pulled back late in the session after U.S. President Donald Trump said China may or may not keep a trade deal between..
General Motors said Monday it has suspended its quarterly cash dividend and its share buybacks to save cash in the face of the coronavirus crisis that has severely hurt global auto sales. Fred Katayama..
US President Donald Trump invokes defence mechanism to compel General Motors to make ventilators. Mr Trump said: "This afternoon, I invoke the Defence Production Act to compel General Motors to accept,..
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As hospitals confront a critical shortage of ventilators due to the novel coronavirus, GM is stepping up. GM announced they will be retooling a plant in Indiana to manufacture ventilators with Ventec..
General Motors is set to report its first-quarter earnings before the bell on Wednesday as the company grapples with the fallout from the coronavirus pandemic that's shuttered factories and devastated.. WorldNews - Published
This time, he wore a mask. Vice President Mike Pence donned a face covering as he toured a General Motors/Ventec ventilator production facility in Indiana. He had come under fire for failing to wear.. USATODAY.com - Published
General Motors Co said on Monday the automaker has suspended its quarterly cash dividend on its common stock and its share buybacks to save cash in the face of the coronavirus crisis. Reuters - Published
Before the coronavirus outbreak shut them down, U.S. auto factories were hectic workplaces where men and women worked side by side along fast-moving assembly lines, ate in crowded break areas, and.. Reuters - Published
Hundreds of workers at General Motors and other auto companies have gone back to work to make face shields, surgical masks and ventilators in a wartime-like effort to stem shortages of protective gear.. USATODAY.com - Published
General Motors Co said on Tuesday it had started producing ventilators in the volume needed to treat severely ill coronavirus patients and would deliver the first batch of the medical equipment to the.. Reuters - Published
With auto showrooms shut during the coronavirus pandemic, Fiat Chrysler and General Motors Co moved to reboot demand with seven-year, no-interest loans and programs allowing customers to buy vehicles.. Reuters - Published
The automaker and its partner, Ventec, had spent more than a week figuring out how to make thousands of the lifesaving devices when the White House said G.M. was “wasting time.” NYTimes.com - Published
President Donald Trump, who excoriated General Motors Co on Friday and invoked emergency powers to compel the production of badly needed ventilators to tackle the coronavirus pandemic, has abruptly.. Reuters - Published
U.S. President Donald Trump on Friday invoked emergency powers to require General Motors Co to build much-needed ventilators for coronavirus patients after he accused the largest U.S. automaker of.. Reuters - Published
General Motors Co and Ford Motor Co got dragged into the political war over much-needed ventilators for coronavirus patients Friday as U.S. President Donald Trump lashed out at the automakers for.. Reuters - Published
While entrepreneurs and companies around the world are moving quickly to retool their factories to build much needed ventilators to fight Covid-19, GM wanted “top dollar” for doing so, enraging.. WorldNews - Published
U.S. President Donald Trump blasted General Motors Co and Ford Motor Co on Friday, calling on the two U.S. automakers to quickly build badly needed ventilators for COVID-19 patients and suggesting he.. Reuters - Published
President Donald Trump criticized General Motors on Friday and cited the Defense Production Act after saying the automaker reduced the number of ventilators it said that it could provide to hospitals.. Reuters - Published
Ford Motor Co and General Motors Co , the top two U.S. automakers, have more than two dozen new battery electric vehicles (EVs) in the pipeline, according to their executives and suppliers familiar.. Reuters - Published
General Motors Co and Ford Motor Co have widely touted their commitment to emission-free electric cars, but their production plans show a growing reliance on ever-larger gas-powered vehicles. Reuters - Published
General Motors Co said on Tuesday it will draw about $16 billion from its credit lines in a bid to beef up liquidity amid rising business impact from the fast-spreading coronavirus outbreak. Reuters - Published
U.S. President Donald Trump said on Sunday that U.S. automakers Ford Motor Co, General Motors Co and Tesla Inc had been given the green light to produce ventilators and other items needed during the.. Reuters - Published
U.S. automakers General Motors Co and Ford Motor Co said on Friday they will have most of their white-collar workforce working remotely as of Monday to protect against the spread of the coronavirus. Reuters - Published
General Motors Co said it would wind down its Australian and New Zealand operations and sell a Thai plant in the latest restructuring of its global business, costing the U.S. auto maker $1.1 billion. Reuters - Published