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...General Motors has reached a tentative deal with the United Auto Workers union to end a six-week strike that also hit Ford and Stellantis, in what was the first co-ordinated walkout by workers at the three...
...General Motors also announced it would buy back $10bn of shares and increase its quarterly dividend by 3 cents per share to 12 cents....
...Nearly two-thirds of the voting members of the United Auto Workers union voted to ratify their contracts with Ford, General Motors and Stellantis after their historic strike against the three Detroit automakers...
...Unionised workers at General Motors ratified a tentative contract that gives them a 25 per cent raise over the next four years, while restoring cost-of-living adjustments and granting retirees a one-time...
...“The percentage of EVs that we’re leasing has gone up dramatically,” said Bill Stephens, general manager of Norm Reeves Hyundai Superstore in California....
...The company disclosed it had sold off its remaining position in carmaker General Motors during the three months to the end of September, an investment that was worth roughly $850mn in the previous quarter...
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...The lost earnings at the vehicle maker eclipse the damage at Detroit rival General Motors, which said on Tuesday the strike had cost it $800mn in earnings before interest and taxes....
...Separately, the United Auto Workers is on strike against Ford, General Motors and Stellantis in the US....
...Collectively, companies including Tesla, Alphabet, General Motors, Uber, Baidu and Ford have invested billions of dollars in the technology. Safety records are impressive....
...For example, US carmaker General Motors has committed to selling only electric vehicles by 2035, presenting its legal team with many challenges....
...Members of the United Auto Workers began picketing at midnight at three locations — a General Motors plant in Missouri, a Stellantis plant in Ohio and a Ford plant in Michigan — at the start of a strike...
...The United Auto Workers union is expanding its weeklong strike to additional workplaces owned by General Motors and Stellantis, while sparing Ford, which it said had significantly improved its offer to workers...
...The United Auto Workers union and General Motors reached a tentative deal on Monday. It would end a six-week strike that also hit American car companies Ford and Stellantis....
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...Israeli ground forces pushed deeper into the Gaza Strip on Monday, General Motors has reached a tentative deal with the United Auto Workers union, and the social media platform X, formerly known as Twitter...
...Ford has scaled back plans for an EV battery plant, while General Motors and Tesla have paused some of their EV expansion efforts....
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