On March 16, 2021, the new GM logo was visible on the facade of General Motors headquarters in Detroit, Michigan. This was announced by Reuters/Rebecca Cook/File Photo. The United Auto Workers union had approved a new labor deal through April 2028 on Monday. The Detroit automaker has been facing mounting troubles at its self-driving unit Cruise, which has lost more than $8 billion since 2017, including $728 million lost in the third quarter of this year, according to GM financial disclosures. As a result of this news, General Motors CEO Mary Barra and chief financial officer Paul Jacobson will hold a conference call with analysts to discuss the business update following the ratification of new labor agreements in the United States and Canada on November 29th.
Monday, December 11, 2023