GM to Provide Business Update on November 29 After UAW Contract Negotiation Success

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.

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