The Latest Breaking News from Paul Jacobson

The automaker initially set 2040 as a goal for carbon neutrality.

A week after the U.S. elections, the country's top auto industry lobbying group wrote a letter to President-elect Donald Trump. It had a clear message: Don't mess with the electric vehicle tax credits. Of course, the group attempted to strike a far more subtle and diplomatic tone. But the urgency…

CFO Paul Jacobson just made his first purchase of company stock in more than a year.

Here's what could happen next to shares of General Motors.

According to GM Chief Financial Officer Paul Jacobson, the company trimmed its EV production expectations to 200,000-250,000.

General Motors reported higher profits Tuesday thanks to continued strength in North America that offset a loss in its China business, enabling the carmaker to lift its forecast.

The company's EV pretax margins are expected to improve significantly around the middle of the decade.

GM is reworking its North America EV strategy and will no longer challenge Tesla's lead in the US EV segment amid slowing EV sales growth, higher labor costs.

A strike by autoworkers against General Motors is expected to cut the automaker's pretax earnings by $800 million this year, and another $200 million per week after that