General Motors Company
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GM Articles
Total May sales at GM dropped more than 1%, but retail sales rose slightly. Both the Buick and Cadillac brands posted sales gains in the month, but pickup sales did not meet last year's levels.
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When automakers report new car sales for May on Thursday, analysts are looking for a slight improvement over April sales, but a decline compared with May 2016.
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According to a new poll, some riders who use Uber have given up their cars. Others will do so in the near future. The trend is bad news for car companies.
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Automaker GM is alleged in a class-action lawsuit filed today to have installed a device to defeat emissions tests of its diesel-powered Chevy Silverado and GMC Sierra pickups.
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After several months of falling domestic car sales, May will likely tick up slightly compared to 2016. Overall domestic car sales still will be down for 2017.
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Outgoing Ford CEO Mark Fields made a total of $59 million between 2014 and 2016, the majority of that in stock awards.
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Mark Fields will be fired as Ford chief executive officer and replaced by Jim Hackett, who runs the Ford autonomous car division.
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GM announced this morning that it will end vehicle sales in India and direct its attention to markets in China, North America, and South America where it believes it can win.
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Ford CEO Mark Field's plans have not impressed investors — again. He laid off 1,400 of the company's salaried workers in Asia and North America. Ford's stock promptly hit a 52-week low.
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BMW outsold Mercedes-Benz in China during the month of April to grab the top spot in sales of luxury cars in the Middle Kingdom. Ford's Lincoln and GM's Cadillac trail badly.
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New car registrations in the European Union declined year over year in April, the first such decline in nearly three years. Among U.S. car makers, Fiat Chrysler was the top seller, displacing Ford.
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Why, if Ford cuts 10% of its worldwide workforce, does CEO Mark Fields, who caused the company's problems in the first place, keep his job and his salary?
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If Warren Buffett is considered the greatest investor of the modern era, and if he has held the title of the world's richest man, then maybe he knows a thing or two.
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Ram was just hit with a massive recall. It is almost certainly a coincidence that the full-sized pickup brand has discounts that total over $11,000 on one model and more than $10,000 on another.
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Short interest in Tesla remains very high, with 27% of shares short, even as the stock price continues to soar.
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