GM secures new $6 billion credit line as UAW strike costs reach $200 million
The new line of credit is "prudent" to bolstering GM's balance sheet amid expectations that the union may expand and prolong strikes against the company.
As UAW negotiations drag on, GM has added a $6B line of credit, says CFO Paul Jacobson
Paul Jacobson, CFO of General Motors, joins 'Halftime Report' to discuss General Motors locking in a new six-billion dollar line of credit, the status of contract negotiations, and more.
GM estimates costs of UAW strike through Sept. 30 at $200 million
General Motors on Wednesday estimated that the cost of the United Auto Workers strike was $200 million during the third quarter, a company spokesman said.
GM braces for costs of UAW strike with $6B credit line
General Motors set up a $6 billion line of credit as it braces for the costs the ongoing United Auto Workers strike, a Securities and Exchange Commission filing showed. The Detroit-based Chevy-make...
GM lines up $6B in financing from JPMorgan Chase, Citi and other lenders
General Motors Co. GM, -3.36% said Wednesday it agreed to a $6 billion, 364-day revolving credit agreement with 21 banks led by JPMorgan Chase & Co. JPM, -0.74% as administrative agent and Citigrou...
Trending stocks: GM, Toyota, Molson Coors: October 3, 2023
General Motors (GM) and Toyota (TM) posted double-digit sales gains in the third quarter. GM's third-quarter sales were up 21 percent year-over-year and Toyota's sales increased 12 percent year-ove...
General Motors sees 3Q sales surge as supply chain improves
General Motors Co announced on Tuesday that its third-quarter 2023 sales rose 21.4% year over year as supply chain issues have shown significant improvement from the comparable period last year. A...
Driverless GM Cruise car had to be lifted off trapped pedestrian in San Francisco: WSJ
A driverless car belonging to General Motors Co.'s Cruise unit had to be lifted off a trapped woman in San Francisco Monday, after it had rolled on top of a pedestrian, according to the Wall Street...
GM sales jump 21% in the third quarter
General Motors Co.'s vehicle sales rose 21% in the third quarter, showing resilience against rising interest rates and little impact yet from the ongoing United Auto Workers strike.
General Motors EV sales jump 28% in Q3
CNBC's Phil LeBeau joins 'Halftime Report' to discuss GM posting its highest Q3 sales numbers since 2020, EV sales jumping 28% since last quarter, and the impact UAW's strike will have on GM's earn...
GM third-quarter US sales surge 21% on resilient demand for SUVs, pickups
General Motors Co's third-quarter U.S. auto sales jumped about 21%, the company said on Tuesday, fueled by improved supply and sustained demand for its SUVs and pickup trucks.
GM's third-quarter sales jump 21% as UAW strike slowly expands
An ongoing strike by the UAW union against the Detroit automakers had little to no direct effect on General Motors' third-quarter U.S. new vehicle sales.
GM Stock: Time to Back Up the Truck?
General Motors is trading at less than five times this year's expected earnings. Investors seem skeptical that it can grow profits from here.
GM Financial to Release Third Quarter 2023 Operating Results
FORT WORTH, Texas--(BUSINESS WIRE)--GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) will release its third quarter 2023 operating results on Tuesday, October 24, 2023. The ...
GM lays off 164 more workers due to UAW strike
General Motors furloughed another 160 workers on Monday as a result of the United Auto Workers union's strike against the automaker and rivals Ford and Stellantis.
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