Chuck Stevens News

A Closer Look At GM’s Incoming CFO, Dhivya Suryadevara

Suryadevara will succeed Chuck Stevens come September 1.

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GM Links Growing Commodity Costs To ‘Market Forces’

The increase in raw material prices will cost GM $1 billion in profits in 2018.

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GM Looks To Double Cadillac Sales And Profit Over The Next Four Years

A two-fold increase in sales volume and profitability over the next four years.

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GM CFO Chuck Stevens To Retire After 40 Years

Stevens will retire in March of 2019.

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GM Looks To Consolidate 26 Platforms Into Four Vehicle Sets By 2025

A major undertaking for equally major benefits.

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GM Looks To Cut Back On Leases In Second Half Of 2017

To reduce exposure to future losses on residual values.

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General Motors Lowers 2017 Sales Outlook

GM expects U.S. new vehicle sales to be lower industry-wide.

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GM’s Approach To Autonomous Cars Is ‘Like A Start-Up’

GM wants to emulate Silicon Valley with its investments in driverless cars.

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GM’s Inventory And Incentives Spike In November, Pose Various Problems

The developments foreshadow impending job cuts and decreased profitability.

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What To Expect From GM’s Third Quarter 2016 Earnings Tomorrow

The automaker is set to report its Q316 earnings on Tuesday, October 25th.

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General Motors Reports Second Quarter 2016 Net Income Of $2.9 Billion On Revenue Of $42.4 Billion

A record quarter in revenue and earnings.

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General Motors CFO Chuck Stevens On Used Vehicle Pricing, Subprime Loans At GM Financial: Video

What would happen in case of another downturn?

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General Motors Looking To Double GM Financial Earnings

The biggest opportunity is in the United States.

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General Motors Announces $14.5 Billion Unsecured Revolving Credit Facility

The new facility amends the automaker’s existing revolving credit facility of $12.5 billion.

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Economic Hurdles Challenge General Motors In South America

GM lost $100 million in the region in the first quarter of 2016.

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General Motors Europe To Face Headwinds If U.K. Leaves European Union

The automaker is working to manage the risk.

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GM Europe Breaks Even In Q1 2016, Looks Forward To Breaking Even For The Year

Turning the division around has been an uphill battle, but it seems to be paying off.

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General Motors Reports First Quarter 2016 Net Income Of $2.0 Billion On Revenue Of $37.3 Billion

Earnings per share was $1.24, up 121.43 percent year-over-year.

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General Motors Continues To Cut Rental Fleet Sales To Grow Margins

And fluff its bottom line further.

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General Motors Reports Fourth Quarter 2015 Net Income Of $6.3 Billion On Revenue Of $39.6 Billion

Earnings per share diluted was $3.92, up 493% compared to Q4 2014.

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General Motors Increases 2016 Earnings Outlook, Boosts Dividend And Share Repurchase Program

The company’s quarterly dividend will grow 6 percent to $0.38 per share.

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General Motors Reports Third Quarter 2015 Net Income Of $1.4 Billion On Revenue Of $38.8 Billion

Any improvement in operating performance during the quarter was offset by a net loss from special items.

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GM Grants Stock Options To 300 Executives, Its First Since 2009

The grants are part of GM’s long-term incentive plan and aim to encourage executive talent retention and shareholder return.

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General Motors Reports Second Quarter 2015 Net Income Of $1.1 Billion On Revenue Of $38.2 Billion

The results include a $1.1 billion loss from special items.

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Low Auction Prices Drop Q1 Profits By Nearly Half A Billion, But General Motors Isn’t Worried

GM learns the rules of supply and demand the hard way... losing $400-million in profits.

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General Motors Reports First Quarter 2015 Net Income Of $0.9 Billion

Net income was down $200 million and revenue was down $1.7 billion.

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