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GM / GM stock slips after disclosing ‘voluntary separation program' resulting in $1.5 billion employee separation charges

GM stock slips after disclosing ‘voluntary separation program' resulting in $1.5 billion employee separation charges
Shares of General Motors Co. GM, -0.29% slipped 0.1% in premarket trading Thursday, after the automaker announced a voluntary separation program (VSP) that is expected to lead to an employee separation charge of $1.5 billion. The announcement comes a little over a week after The Detroit News reported that GM was cutting about 500 jobs, which was roughly a month after the company said it wasn't planning layoffs. Read More
Posted: Mar 9 2023, 09:29
Author Name: Market Watch
Views: 111335

GM News  

UAW Outlines Deal with GM, Bringing an End to Stand Up Strike

By Investopedia
November 4, 2023

UAW Outlines Deal with GM, Bringing an End to Stand Up Strike

United Auto Workers (UAW) outlined the terms of its tentative agreement with automaker General Motors (GM) Saturday and the tentative deal is expected more_horizontal

GM is expected to invest $13 billion in U.S. facilities under new UAW deal

By CNBC
November 4, 2023

GM is expected to invest $13 billion in U.S. facilities under new UAW deal

Details of the deal were released Saturday after local UAW-GM leaders approved the pact, which must still be ratified by the union's 46,000 members wi more_horizontal

UAW says GM outlines EV investment plans, will raise wages for US workers

By Reuters
November 4, 2023

UAW says GM outlines EV investment plans, will raise wages for US workers

The United Auto Workers union said its tentative contract deal with General Motors includes plans for investments around electric vehicles and will ra more_horizontal

Why San Francisco's robotaxi rollout has been such a mess

By CNBC
November 4, 2023

Why San Francisco's robotaxi rollout has been such a mess

Driverless cars are here, flooding the streets of San Francisco, but the launch of robotaxis from Cruise and Waymo has been plagued by problems. more_horizontal

G.M.'s Cruise Moved Fast in the Driverless Race. It Got Ugly.

By NYTimes
November 3, 2023

G.M.'s Cruise Moved Fast in the Driverless Race. It Got Ugly.

Cruise has hired a law firm to investigate how it responded to regulators, as its cars sit idle and questions grow about its C.E.O.'s expansion plans. more_horizontal

Board of GM's Cruise reviewing regulatory response, technology

By Reuters
November 3, 2023

Board of GM's Cruise reviewing regulatory response, technology

The board of Cruise, the robo-taxi company controlled by General Motors , has hired an outside law firm and technology consultants in the aftermath of more_horizontal

Why I Am Buying General Motors At 1-Year Lows

By Seeking Alpha
November 1, 2023

Why I Am Buying General Motors At 1-Year Lows

General Motors' shares hit a new 1-year low after withdrawing guidance for FY 2023 due to labor contract negotiations with the United Auto Workers. Ge more_horizontal

General Motors Company (GM) Is a Trending Stock: Facts to Know Before Betting on It

By Zacks Investment Research
October 31, 2023

General Motors Company (GM) Is a Trending Stock: Facts to Know Before Betting on It

Zacks.com users have recently been watching General Motors Company (GM) quite a bit. Thus, it is worth knowing the facts that could determine the stoc more_horizontal


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