GM looks to cut EV costs while searching for profit from green vehicles

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Go back to GM looks to cut EV costs while searching for profit from green vehicles

GM Defense Awarded U.S. Department of State Contract for Next Generation Armored Heavy-Duty Sport Utility Vehicles

November 30, 2023 8:30 AM EST

Award comes as GM Defense delivers OEM integrated vehicles under development contract

WASHINGTON, Nov. 30, 2023 /PRNewswire/ -- The U.S. Department of State has awarded GM Defense LLC, a subsidiary of General Motors (GM), a 10-year Indefinite Delivery Indefinite Quantity (IDIQ) full-rate production contract to deliver the next generation Heavy-Duty armored Sport Utility... More

GM Reinstates 2023 Earnings Guidance and Announces a $10 Billion Accelerated Share Repurchase Program and 33% Dividend Increase Starting in 2024

November 29, 2023 6:30 AM EST

DETROIT, Nov. 29, 2023 /PRNewswire/ -- General Motors Co. (NYSE: GM) announced today it is reinstating its full-year 2023 earnings guidance. In addition, the company announced a $10 billion accelerated share repurchase (ASR) program and its intention to increase its common stock dividend by 33% beginning with the January 2024 declaration.

"GM will deliver very strong profits in 2023 thanks to an exceptional portfolio of vehicles that... More