Spending News

Cruise Operating Costs To Be Reduced By Hundreds Of Millions

No in-depth details revealed yet.

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GM’s Cruise To Operate On Reduced Budget

Scaling back ambitions.

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No Layoffs Planned, GM Says

Unlike Ford, which will lay off 3,000 employees globally.

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GM Spent $800 Million On Chevy Bolt EV Recall In Q2 2021 Alone

GM is replacing the battery packs and also buying some vehicles back.

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GM Q2 2021 Earnings: $2.8 Billion Income On $34.2 Billion Revenue

While raising its full-year guidance.

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GM Q1 2021 Earnings: $3 Billion Income On $32.5 Billion Revenue

Substantial growth in income on slightly lower revenue.

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General Motors Marketing Budget Returning To Pre-Pandemic Levels

Be prepared for GM's marketing to change a little bit in the coming months.

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GM Says COVID-19 Pandemic Helped To Reduce Its Operating Costs

GM's business will be more efficient after the pandemic.

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General Motors Burning Through $130 Million A Day, Financial Expert Says

GM still has to pay for labor costs, cleaning, security and more.

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Chevrolet Loses Money On All Corvette C8s Sold For Less Than $80,000

Chevy is banking on buyers adding on plenty of options.

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More GM Job Cuts On The Way, Says Auto Industry Analyst

He estimates metro Detroit GM salaried jobs losses of at least 10,000 over the next two years.

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General Motors Buyout Letter Mentions Suspension Of Renovation Projects

The company is once again tightening its belt in certain areas.

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General Motors Says Bankruptcy Approaching For South Korean Business

GM Korea needs $600 million to make payments in April.

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General Motors To Decrease Capital Spending After 2019

Interesting insights surrounding how and where GM will spend money.

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