Wall Street ticked to a record as stocks zigzagged underneath the market’s surface following mixed profit reports from UnitedHealth, General Motors and other big companies.
General Motors will be hit with charges of about $6 billion in its fourth quarter after sales of electric vehicles sputtered when the U.S. cut tax incentives to buy them and also eased auto emissions standards.
General Motors is laying off about 1,700 workers across manufacturing sites in Michigan and Ohio, as the auto giant adjusts to slowing demand for electric vehicles.
General Motors anticipates a smaller impact from tariffs and is boosting its full-year adjusted earnings forecast as its third-quarter performance topped Wall Street’s expectations.
General Motors will book a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed.
Cadillac has chosen Formula 1 veterans Valtteri Bottas and Sergio Pérez for its first F1 lineup, bypassing an American driver.
General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall Street’s expectations and the company stuck by its full-year financial outlook that it lowered in May.
Wall Street inched to another record following some mixed profit reports, as General Motors and other big U.S. companies gave updates on how much President Donald Trump’s tariffs are hurting or helping them.
Ford Motor Co. says it expects to take a $1.5 billion hit to its operating profit from tariffs this year and is withdrawing its full-year financial guidance due to the uncertainty created by the Trump administration’s evolving trade policy.
General Motors is lowering one of its full-year financial forecasts as the company braces for the potential impact of auto tariffs.
General Motors is recalling nearly 600,000 vehicles across its Cadillac, Chevrolet and GMC brands in the U.S. due to potential manufacturing defects that can cause engine failure.
President Donald Trump granted U.S. automakers a short reprieve from stiff new tariffs on imports from Mexico and Canada this week.
President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers.
Companies in a wide range of industries saw their stocks come under pressure on Wall Street because of tariff threats from President Donald Trump.
General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street.
General Motors says it will retreat from robotaxis “given the considerable time and resources would be needed to scale the business, along with an increasingly competitive robotaxi market.”
General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit.
The Associated Press has learned that two longtime NASCAR executives have been introduced at Andretti Global as part of the restructuring now that Michael Andretti has stepped aside.
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year.
General Motors is adding over 132,000 heavy-duty pickups in the U.S. to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park.
General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, Michigan.
Formula 1 will expand the grid in 2026 to make room for an American team that is partnered with General Motors.
Formula 1 is expected to approve grid expansion for an 11th team originally started by Michael Andretti as early as next week.
With a restructuring at Andretti Global that pushed Michael Andretti into a smaller role, the chances of his organization landing a Formula 1 team have substantially increased.
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
Shares of General Motors surged nearly 10% Tuesday after the automaker posted a $3 billion third-quarter profit that was slightly less than a year ago.
Cruise’s trouble-ridden robotaxis are on the road to joining Uber’s ride-hailing service next year as part of a multiyear partnership bringing together two companies that once appeared poised to compete for passengers.
U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago.
Donald Trump made a pitch for votes from autoworkers in key swing states during his acceptance speech for the Republican presidential nomination.
General Motors will pay nearly $146 million in penalties to the federal government because 5.9 million of its older vehicles don’t comply with emissions and fuel economy standards.
General Motors has named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise.
Cruise, the self-driving car company owned by General Motors, has resumed its operations in Houston after a seven-month break.
The board of General Motors has approved another $6 billion share repurchase as the Detroit automaker adds to its 2024 momentum.
More women are reaching the top ranks of the corporate suite of S&P 500 companies, but their numbers are still miniscule compared to their male counterparts.
General Motors’ troubled Cruise autonomous vehicle unit says it will start testing robotaxis in Arizona this week with human safety drivers on board.
Despite a small dip in U.S. vehicle sales, General Motors’ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
Mario Andretti says he was deeply offended by the language Formula One Management used in denying his family and General Motors the opportunity to join the global motorsports series.
General Motors will move its Detroit headquarters to a new downtown office building next year and redevelop its iconic home along the Detroit River.
General Motors is adding about 350,000 miles, or about 563,000 kilometers, of roadways in the U.
General Motors’ troubled robotaxi service Cruise has endured a public lashing from a California judge.
Formula One's invitation to Andretti Cadillac for an in-person meeting about its application to join the motorsports series wound up in an email span folder.
A new report says automakers including Tesla, General Motors, Volkswagen and Toyota are failing to ensure they are not using forced labor as part of their China supply chains.
Formula One has rejected Andretti Global’s application to join the global racing series in 2025 or 2026.
General Motors is facing a U.S. Justice Department investigation into a gruesome collision that critically injured a pedestrian and derailed its self-driving car ambitions.
America’s automakers have staked their futures on the notion that electric vehicles will dominate sales in the coming years, spurred by buyers determined to reduce carbon emissions and save on fuel.
California regulators are alleging a San Francisco robotaxi service owned by General Motors covered up the severity of an accident involving one of its driverless cars, raising the specter they may add a fine to the recent suspension of its California license.
Clearly frustrated with its languishing share price, General Motors is announcing a massive stock buyback plan, raised its dividend and told investors it can absorb increased labor costs from a six-week autoworkers strike.
The United Auto Workers union has overwhelmingly ratified a new contract with Ford and Stellantis, a pact that, along with similar deals with General Motors, will raise pay across the industry.
Members of the United Auto Workers union were close to approving contract agreements with Stellantis and Ford on Friday with voting at both companies overwhelmingly in favor.
United Auto Workers union members have voted to approve a new contract with General Motors, making the company the first Detroit automaker to get a ratified deal that could end a contentious and lengthy labor dispute.
Voting on the tentative contract agreement between General Motors and the United Auto Workers union appears to be too close to call as tallies at more factories were announced.
General Motors has registered with Formula One’s governing body to become an engine supplier starting in 2028 in what is seen as a huge boost to Michael Andretti’s bid to join the global motorsports series.
General Motors will not break its partnership with Andretti Global to enter Formula One and is not interested in considering other teams to partner with to gain entry to the global motorsports series.
The venture capital arms of General Motors and Stellantis are among investors sinking $33 million into a Minnesota company with technology to make magnets for electric vehicle motors without using expensive rare-earth metals.
Stellantis plans to build a new midsize pickup truck, along with battery-run versions of six Jeep, Ram and Dodge vehicles.
President Joe Biden made a major commitment to cultivate a relationship with the new head of the United Auto Workers before the start of strikes at General Motors, Ford and Stellantis.
The United Auto Workers union says it reached a tentative contract with General Motors, the last of the Detroit Three automakers to agree to a deal.
The United Auto Workers union has widened its strike against General Motors, the lone holdout among the three Detroit automakers, after reaching a tentative contract agreement with Jeep maker Stellantis.
Jeep maker Stellantis reached a tentative contract agreement with the United Auto Workers union on Saturday as it escalated strikes against General Motors by adding a plant in Tennessee.
General Motors and Jeep maker Stellantis are meeting with United Auto Workers bargainers to see if they can reach a contract agreement that mirrors a deal signed with crosstown rival Ford.
The United Auto Workers union says it has reached a tentative contract agreement with Ford that could be a breakthrough to end the nearly 6-week-old strikes against Detroit automakers.
California regulators have revoked the license of a robotaxi service owned by General Motors after determining its driverless cars that recently began transporting passengers throughout San Francisco are a dangerous menace.
The United Auto Workers union has once again escalated its strikes against Detroit Three automakers, this time adding a factory that makes Ram pickup trucks for Stellantis.
General Motors will delay electric pickup truck production at a factory near Detroit due to slowing U.S. demand for electric vehicles, to better manage its capital investments, and to make some engineering changes.
The National Highway Traffic Safety Administration is investigating General Motors’ Cruise autonomous vehicle division after receiving reports of incidents where vehicles may not have used proper caution around pedestrians in roadways.
General Motors and the union representing Canadian auto workers have reached a tentative contract agreement, ending a strike that began just after midnight.
Electric vehicles and their potential impact on job security have become central to negotiations in the U.S. autoworkers strike.
The United Auto Workers union says it will not expand its strikes against Detroit’s three automakers after General Motors made a breakthrough concession on unionizing electric vehicle battery plants.
The United Auto Workers union expanded its strikes against Detroit automakers, ordering 7,000 more workers to walk off the job in Illinois and Michigan.
Even after escalating its strike against Detroit automakers, the United Auto Workers union still has plenty of leverage in its effort to force the companies to agree to significant increases in pay and benefits.
The United Auto Workers strike against Detroit automakers has spread to dozens of facilites nationwide.
Auto workers have expanded their strike against major carmakers, walking out of 38 General Motors and Stellantis parts-distribution centers in 20 states.
Detroit carmakers are announcing more layoffs that they blame on fallout from the United Auto Workers strike.
The United Auto Workers union is preparing to expand its strike against Detroit’s Big Three unless it sees progress in contract negotiations.
About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn’t reach a deal with Detroit’s automakers.
With just over 24 hours left before a strike deadline, United Auto Workers President Shawn Fain says offers from Detroit automakers aren’t enough and the union is getting ready to strike.
The United Auto Workers union says it will go on strike at three factories as it presses Detroit companies to come up with better wage and benefit offers.
About 146,000 U.S. auto workers are set to go on strike this week if General Motors, Ford and Stellantis fail to meet their demands for big pay raises and the restoration of concessions the workers made years ago when the companies were in financial trouble.
The United Auto Workers union has rejected wage and benefit offers from all three Detroit automakers, raising tensions just six days before a strike deadline for 146,000 employees.
General Motors made its first wage-and-benefit offer to the United Auto Workers that falls far short of the union’s initial demands.
Unionized workers at a General Motors joint-venture electric vehicle battery plant in Ohio will see pay raises while they continue to negotiate a contract.
With about three weeks until contracts expire with Detroit’s three automakers, the head of the United Auto Workers union says bargaining isn’t going well.
General Motors’ Cruise autonomous vehicle unit has agreed to cut its fleet of San Francisco robotaxis in half as authorities investigate two recent crashes in the city.
The president of the FIA is telling The Associated Press the motorsports governing body has received more than five applications for expansion into Formula One.
Stellantis says it is pulling together a network of public electric vehicle chargers that could include Tesla and nearly all of the other chargers in the U.S., Canada and Europe.
General Motors and Samsung SDI are teaming up to create a more than $3 billion electric vehicle battery cell plant in Indiana.
Starting next year, owners of electric vehicles made by General Motors and Ford will be able to charge their EVs at many of Tesla’s charging stations, the largest such network in the country.
General Motors says it will sink more than $500 million into its Arlington, Texas, assembly plant to get ready for the next generation of big SUVs with internal-combustion engines.
The green hydrogen company Nel announced plans Wednesday to build a massive new plant in Michigan as it works with General Motors to drive down the cost of hydrogen.