General Motors News & Videos - ABC News (2024)

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GM CEO Mary Barra talks newest electric vehicle, inflation and competition with Tesla GM CEO speaks exclusively to ABC GM temporarily shuts down more than half of North American plants General Motors suspends nearly all US production GM to increase electric vehicle investment to $35B through 2025 GM vows to be carbon neutral by 2040 General Motors announced it will produce mostly electric cars by 2035 By the Numbers: GM plans to stop making gas-powered cars by 2035 General Motors issues major recall on pickup trucks and SUVs GM plans to make its own electric delivery vehicle GM moves forward with building recently announced driverless shuttle GM unveils its first driverless vehicle GM teases new all-electric Hummer Union votes to ratify deal ending strike at General Motors Striking autoworkers reach tentative deal GM and autoworkers union reach tentative deal General Motors and United Auto Workers union reach tentative deal Taking a drive with an auto worker on the General Motors picket line in Flint, Michigan UAW increases strike pay for GM workers as negotiations continue GM strike negotiations taken 'turn for the worse' Negotiations to end strike by 49,000 GM workers has 'taken a turn for the worse': UAW GM to cover health insurance costs for striking workers, as sources say no deal in site GM and union could reach a deal to end strike by the weekend, sources say The GM strike enters its 2nd week. Here's where things stand GM strike enters second week A week in, GM strike leads to talk of layoffs by suppliers GM no longer paying striking workers' health costs GM no longer paying for striking workers' health insurance as negotiations enter 3rd day GM strike continues after new negotiations fail General Motors workers hit picket line after new contract talks fail General Motors employees go on strike Nearly 50K workers strike against General Motors General Motors to close another plant near Detroit General Motors workers seek answers amid shutdown plans Trump threatens to cut subsidies for GM after layoff, plant closure announcement General Motors to lay off 14,000 workers GM to shutter 5 factories, cut 14,000 jobs General Motors to lay off 15 percent of workers, shutter 5 plants in North America General Motors announce major layoffs, plants shutdown Trump 'not happy' about GM layoffs that run counter to his claims of bringing jobs back to US General Motors shopping app raises safety concerns General Motors Jobs Touted by Trump Were in Works for Years General Motors Recalling 4.28 Million Vehicles for Air Bag Software Problem FAQs

1 year ago

GM CEO Mary Barra talks newest electric vehicle, inflation and competition with Tesla

The CEO of General Motors Mary Barra sat down with ABC News' Rebecca Jarvis.

1 year ago

General Motors News & Videos - ABC News (1)

1 year ago

GM CEO speaks exclusively to ABC

ABC News’ Rebecca Jarvis sits down with CEO Mary Barra for “Good Morning America” airing Friday as General Motors unveiled its new electric Cadillac.

1 year ago

General Motors News & Videos - ABC News (2)

2 years ago

GM temporarily shuts down more than half of North American plants

General Motors will temporarily shut down eight of its 15 North American assembly plants due to a microchip shortage that automakers need to build vehicles.

2 years ago

General Motors News & Videos - ABC News (3)

2 years ago

General Motors suspends nearly all US production

The company paused assembly plants for two weeks due to a pandemic-induced shortage of semiconductor chips made overseas.

2 years ago

General Motors News & Videos - ABC News (4)

2 years ago

GM to increase electric vehicle investment to $35B through 2025

Before the pandemic, GM announced an initial $20 billion investment in electric and autonomous vehicles.

2 years ago

General Motors News & Videos - ABC News (5)

2 years ago

GM vows to be carbon neutral by 2040

America’s largest automaker aspires to go fully electric.

2 years ago

General Motors News & Videos - ABC News (6)

2 years ago

General Motors announced it will produce mostly electric cars by 2035

The company said it will stop making gas-powered passenger cars and SUVs, becoming the first American carmaker to do so. GM’s medium and heavy trucks will still be gas-powered.

2 years ago

General Motors News & Videos - ABC News (7)

2 years ago

By the Numbers: GM plans to stop making gas-powered cars by 2035

Auto giant General Motors said it plans to sell only electric cars and SUVs by 2035 and achieve carbon neutrality with its cars and global operations by 2040.

2 years ago

General Motors News & Videos - ABC News (8)

3 years ago

General Motors issues major recall on pickup trucks and SUVs

Government safety officials ordered GM to recall nearly 6 million pickup trucks and SUVs equipped with airbag inflators that could explode.

3 years ago

General Motors News & Videos - ABC News (9)

3 years ago

GM plans to make its own electric delivery vehicle

Plus, CES plans its next event for January 2021 and Impossible Meat can now be delivered to homes.

3 years ago

General Motors News & Videos - ABC News (10)

3 years ago

General Motors News & Videos - ABC News (11)

3 years ago

GM unveils its first driverless vehicle

Plus, Apple will sell a low-cost iPhone for the first time since 2016, and Google has an app to hide your phone from yourself.

3 years ago

General Motors News & Videos - ABC News (12)

3 years ago

GM teases new all-electric Hummer

The motor company said the truck will be announced during a Super Bowl commercial with LeBron James.

3 years ago

General Motors News & Videos - ABC News (13)

4 years ago

Union votes to ratify deal ending strike at General Motors

The United Auto Workers union had been on strike at GM for over a month.

4 years ago

General Motors News & Videos - ABC News (14)

4 years ago

Striking autoworkers reach tentative deal

After a month on strike, the UAW and General Motors seem to have reached a tentative contract agreement.

4 years ago

General Motors News & Videos - ABC News (15)

4 years ago

GM and autoworkers union reach tentative deal

More than a month after nearly 50,000 workers walked off their jobs, General Motors and United Auto Workers have reached a tentative deal to end the nationwide strike, the union confirmed to ABC News.

4 years ago

General Motors News & Videos - ABC News (16)

4 years ago

General Motors and United Auto Workers union reach tentative deal

General Motors and United Auto Workers have reached a tentative deal to end a nationwide strike.

4 years ago

General Motors News & Videos - ABC News (17)

4 years ago

Taking a drive with an auto worker on the General Motors picket line in Flint, Michigan

As the GM strike grinds towards a fifth week in what is now the longest in half a century, UAW workers feel the strain and doubt negotiation progress

4 years ago

General Motors News & Videos - ABC News (18)

4 years ago

UAW increases strike pay for GM workers as negotiations continue

As the United Auto Workers strike at General Motors enters its fifth week, union leaders voted to increase striking workers pay and allow them to take part-time jobs.

4 years ago

General Motors News & Videos - ABC News (19)

4 years ago

GM strike negotiations taken 'turn for the worse'

Monday marks the 23rd day of the strike and there appears to be no end in sight as the union and the auto manufacturing giant reached another stumbling block in their on-going bargaining sessions.

4 years ago

General Motors News & Videos - ABC News (20)

4 years ago

Negotiations to end strike by 49,000 GM workers has 'taken a turn for the worse': UAW

The nationwide strike by General Motors workers began on Sept. 16.

4 years ago

General Motors News & Videos - ABC News (21)

4 years ago

GM to cover health insurance costs for striking workers, as sources say no deal in site

Union leaders accuse them of "toying" with their families.

4 years ago

General Motors News & Videos - ABC News (22)

4 years ago

GM and union could reach a deal to end strike by the weekend, sources say

The UAW vice president told workers that negotiations are now on the "Main Table."

4 years ago

General Motors News & Videos - ABC News (23)

4 years ago

The GM strike enters its 2nd week. Here's where things stand

Both the United Autoworkers Union and General Motors say negotiations continue, but there remains no clear end in sight.

4 years ago

General Motors News & Videos - ABC News (24)

4 years ago

GM strike enters second week

A spokesperson for the United Auto Workers says the two sides are “still talking.”

4 years ago

General Motors News & Videos - ABC News (25)

4 years ago

A week in, GM strike leads to talk of layoffs by suppliers

The United Auto Workers strike at GM has waned on for nearly a full work week as of Friday.

4 years ago

General Motors News & Videos - ABC News (26)

4 years ago

GM no longer paying striking workers' health costs

General Motors is no longer paying the health care costs for the tens of thousands of auto workers who went on strike on Monday, shifting the costs instead to a union fund.

4 years ago

General Motors News & Videos - ABC News (27)

4 years ago

GM no longer paying for striking workers' health insurance as negotiations enter 3rd day

Some benefits have been shifted to being covered by a union fund.

4 years ago

General Motors News & Videos - ABC News (28)

4 years ago

GM strike continues after new negotiations fail

United Auto Workers officials told ABC News they are nowhere near reaching a deal with General Motors.

4 years ago

General Motors News & Videos - ABC News (29)

4 years ago

General Motors workers hit picket line after new contract talks fail

The company reportedly turned a $8.1 billion profit last year and workers who took concessions before the 2009 government bailout want fair wages and benefits at affordable prices.

4 years ago

General Motors News & Videos - ABC News (30)

4 years ago

General Motors employees go on strike

Nearly 50,000 workers go on strike after UAW contract talks with GM broke down.

4 years ago

General Motors News & Videos - ABC News (31)

4 years ago

Nearly 50K workers strike against General Motors

The strike by United Auto Workers has shut down 55 plants across the U.S. as workers fight for better wages and benefits and their share of profits.

4 years ago

General Motors News & Videos - ABC News (32)

4 years ago

General Motors to close another plant near Detroit

The automotive giant announced that they will be closing transmission plants in Detroit and other locations across America, leaving thousands of workers without jobs.

4 years ago

General Motors News & Videos - ABC News (33)

5 years ago

General Motors workers seek answers amid shutdown plans

ABC News' Eva Pilgrim spoke with GM employees, some of whom blame the president for the planned layoffs.

5 years ago

General Motors News & Videos - ABC News (34)

5 years ago

Trump threatens to cut subsidies for GM after layoff, plant closure announcement

He's reacting to the company's Monday announcement of 15 percent global jobs cuts and the closure of four U.S. motor plants.

5 years ago

General Motors News & Videos - ABC News (35)

5 years ago

General Motors to lay off 14,000 workers

The automaker will also cease production of six vehicles in 2019.

5 years ago

General Motors News & Videos - ABC News (36)

5 years ago

GM to shutter 5 factories, cut 14,000 jobs

General Motors, the largest U.S. automaker, announced it would eliminate up to 14,000 jobs in North America as five plants are slated to be shut down by the end of 2019.

5 years ago

General Motors News & Videos - ABC News (37)

5 years ago

General Motors to lay off 15 percent of workers, shutter 5 plants in North America

The company will shut down seven plants globally in 2019: five in North America and two others globally.

5 years ago

General Motors News & Videos - ABC News (38)

5 years ago

General Motors announce major layoffs, plants shutdown

GM is laying off 15 percent of its salaried workers and shuttering five plants in North America, the Detroit automaker announced on Monday.

5 years ago

General Motors News & Videos - ABC News (39)

5 years ago

Trump 'not happy' about GM layoffs that run counter to his claims of bringing jobs back to US

GM has announced a new round of layoffs despite past assurances by President Trump the company would return jobs to the U.S.

5 years ago

General Motors News & Videos - ABC News (40)

6 years ago

General Motors shopping app raises safety concerns

A new app being installed into millions of General Motors vehicles would allow drivers to order food, find the closest gas station and more from their car's dashboard.

6 years ago

General Motors News & Videos - ABC News (41)

6 years ago

General Motors News & Videos - ABC News (42)

7 years ago

General Motors Recalling 4.28 Million Vehicles for Air Bag Software Problem

Some 3.64 million of the recalled vehicles are in the U.S.

7 years ago

General Motors News & Videos - ABC News (43)
General Motors News & Videos - ABC News (2024)

FAQs

What happened with General Motors? ›

General Motors was effectively split in two during Chapter 11 bankruptcy proceedings. The new company took GM's best brands and operations, while the old company kept its massive liabilities. Pro-manufacturing U.S. governments helped underwrite the transition with the new GM holding an IPO in 2010.

Who owns General Motors? ›

Who owns General Motors Co? General Motors Co (NYSE: GM) is owned by 80.48% institutional shareholders, 12.88% General Motors Co insiders, and 6.64% retail investors. Retiree Medical Benefits Trust Uaw is the largest individual General Motors Co shareholder, owning 100.15M shares representing 7.20% of the company.

What was the crisis faced by General Motors? ›

General Motors (GM) was one of the most unexpected casualties in the subprime mortgage crisis. This was because of the fact that General Motors (GM) had nothing to do with the mortgage business. It was one of America's and the world's oldest motor companies.

Does General Motors still exist? ›

It operates manufacturing and assembly plants and distribution centres throughout the United States, Canada, and many other countries. The company's major products include automobiles and trucks, automotive components, and engines, and it is also engaged in financial services. GM's headquarters are in Detroit.

Is GM in trouble financially? ›

General Motors filed for bankruptcy early Monday, marking the end of an era for GM, as the troubled automaker now represents the largest bankruptcy in history. Once the world's largest automaker, now the ailing giant will be forced to close more than 10 plants and cut more than 20,000 jobs.

Does General Motors have a future? ›

General Motors (GM) is planning to have a breakout year in 2023 as the automaker charges ahead on its EV strategy. GM expects to push past the competition with plans for seven Ultium-based EVs, in addition to the Bolt EV and EUV, by the end of the year as it retools its supply chain for the future.

Who is the largest stock holder of GM? ›

Shareholders
NameEquities%
The Vanguard Group, Inc. 7.582 %105,397,9917.582 %
Capital Research & Management Co. (World Investors) 4.929 %68,513,7694.929 %
Capital Research & Management Co. (Global Investors) 2.172 %30,191,0432.172 %
Geode Capital Management LLC 1.654 %22,994,0651.654 %
6 more rows

Who owns the most stock in General Motors? ›

Top 10 Owners of General Motors Co
StockholderStakeTotal value ($)
The Vanguard Group, Inc.7.50%4,022,541,450
BlackRock Fund Advisors4.70%2,518,656,797
SSgA Funds Management, Inc.4.10%2,197,188,594
Capital Research & Management Co....3.80%2,037,318,950
6 more rows

Is Ford bigger than GM? ›

GM is a smaller company than Ford. GM's total revenue for 2020 was $122 billion, a 10.75% decrease from the previous year. Ford's total revenue was $127 billion, an 18.45% decrease from the previous year.

Why did GM go broke? ›

Company pensions and legacy health care costs were fixed as well. So when sales went down, many costs stayed fairly constant. And that led to losses. As the losses mounted and the economy struggled, these losses became so significant that GM could not survive as a viable business.

What is General Motors biggest risk? ›

Risk Overview Q1, 2023
  • 24% Tech & Innovation.
  • 20% Legal & Regulatory.
  • 16% Production.
  • 16% Macro & Political.
  • 12% Finance & Corporate.
  • 12% Ability to Sell.

What are General Motors weaknesses? ›

Weaknesses. Dependence on the US market: Though General Motors is a global brand and has successfully penetrated the markets like Canada, China, and the UK, the US-based company has a massive dependency on the US market for revenue generation. It can be a risk to the growth of the company.

What is the oldest car company still in business? ›

Founded in 1883, the German carmaker Mercedes-Benz is the oldest car brand still being produced today.

What is the oldest car company in the United States? ›

In 1899 the business moved from Pittsburgh to Ardmore, Pennsylvania and where the group renamed it the Autocar Company. Today it exists as the oldest surviving vehicle company in the United States.

What is the oldest car brand still in production? ›

Starting as a steel foundry in 1810, Peugeot is the world's oldest automaker still in operation. The first Peugeot automobile was a steam-powered car produced in 1889, but by the following year, the company had abandoned steam power in favor of a petrol-fueled internal combustion engine.

Why did General Motors fall? ›

From the 1970s through the 2010s, it remained a force in business, not just in the US, but worldwide. But the changing global auto industry took its toll, and by 2009, when the financial crisis hit, GM hit a wall. The company had to be bailed out by the US government before entering bankruptcy.

Why is GM shutting down production? ›

With high inventory and stable demand, GM is shutting down one of its pickup truck plants to prevent overproduction.

Why did GM go down? ›

The decline in profit comes as higher interest rates has raised the cost of new vehicles for consumers and worries persist about a possible recession in the United States. G.M. said its net income in the first three months of the year fell to $2.4 billion, from $2.9 billion in the first quarter of 2022.

Why is GM in decline? ›

Profit Falls 40 Percent as Costs Rise and Chips Are Lacking. The automaker reaffirmed its forecast for earnings for the full year. General Motors is now being squeezed by inflation as well as a global computer chip shortage.

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