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Tag: Paul Jacobson

GM Knows It Loses Money On EVs But Plans To Fix That Next Year

General Motors is facing the formidable challenge of steering its business into the new era while grappling with financial setbacks. GM's top finance executive,...

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GM raises 2023 guidance on strong sales, higher profits

General Motors beat first-quarter profit estimates and raised its full-year earnings and cash-flow guidance after vehicle demand at the start of the year surpassed...

GM Avoids Layoffs Thanks To 5,000 Employees Taking Voluntary Buyouts

Listen to this article The transition from internal combustion engines and battery-electric vehicles will force automakers to reprioritize their resources,...

Bloomberg Declares “Peak ICE” Just As GM Offers Buyouts To Salaried Employees

In an email to CleanTechnica on March 9, Colin McKerracher of Bloomberg New Energy Finance offered this startling observation: “There are growing signs...

GM offers buyouts to salaried workers, cites economic concerns

General Motors is offering buyouts to salaried workers in an effort to accelerate the cost-cutting efforts announced in its 2022 earnings report. The company...

GM Taking $1.5B Charge to Pay for Separation Program

General Motors is looking for a few (thousand) volunteers — to leave the company. GM also expects strong cash flows from automotive operations...

GM Will Trim About 500 White-Collar Jobs Globally: Report

Listen to this article UPDATE: A GM spokesperson told Motor1.com: "We are not confirming specific locations or a specific number...

Rove Launches Live Resin Diamond Vaporizer, The Ultimate Ready-to-Use Weed Experience That’s Better for the Planet

LOS ANGELES —  Always on the vanguard of creating the purest stoner experience possible, today Rove launches its Live Resin Diamond Vaporizers, a reusable take on...

South Korean Brands Get Bigger Share of January Sales

Toyota stumbled out of the gate as its sales dropped by double digits as rivals from South Korea reported solid gains during January. ...

GM Posts Record Earnings In 2022, Plans $2B In Cost Cuts By 2024

Listen to this article GM had record earnings of $14.5 billion in 2022 and total revenue of $156.7 billion, according to its...

GM Expects EVs To Be Solidly Profitable With $50B Revenue In 2025

Listen to this article General Motors expects its EV lineup to generate more than $50 billion in annual revenue by...

Pocket-sized, Potent Cannabis Beverage Drink Loud Launches in CA

LOS ANGELES – Today, cannabis beverage Drink Loud launches its tiny-but-mighty cannabis potion into dispensaries throughout California. Made with 100 milligrams of THC packed into a 1.8 ounce bottle using proprietary […]

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