The Latest Breaking News from Paul Jacobson

A month after CEO Mary Barra said General Motors Co. was "not planning layoffs," the Detroit automaker is cutting a small number of executive-level and salaried jobs, The Detroit News has confirmed.

The automobile industry struggled last year, but General Motors (GM) stood out as it reclaimed the top spot from Toyota and grew its sales by 2.5% year-over-year. The company has guided for a solid fiscal 2023 driven by the high demand for its current EV and ICE vehicles portfolio. Given…

While consumers are still willing to pay a premium for EVs, according to research, GM will target similar prices to ICE vehicles, President Mark Reuss said.

General Motor Co.'s electric vehicle portfolio will be profitable by 2025, executives told investors Thursday in New York, delivering what it called low- to mid-single-digit adjusted margins to the bottom line.

General Motors Co.'s second-quarter profits dropped roughly 40% year-over-year amid nagging supply-chain disruptions, even as the Detroit automaker forecast production improvements in the second half of the year and maintained its full-year earnings guidance.

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General Motors Co (NYSE: GM) CFO Paul Jacobson said on Tuesday the company will spend about $2 billion on its self-driving taxi fleet Cruise this year.

General Motors Co. CEO Mary Barra says the company is in "execution mode" for its electric vehicles and again touted its plans while reporting a first-quarter profit Tuesday — the same day crosstown rival Ford Motor Co. celebrated the launch of its electric F-150.