Latest in Gm Expects
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Here’s how big a hit Microsoft is taking on its investment in GM’s Cruise
Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s Cruise robotaxi unit back in 2021.MarketWatch - 8h -
GM to Shut Down Its Cruise Robotaxi Project
The company said it would now focus its efforts on developing fully autonomous vehicles for personal use.The New York Times - 12h -
Annual inflation rate accelerates to 2.7% in November, as expected
The consumer price index was expected to rise 0.3% in November and 2.7% from a year ago.CNBC - 15h -
TUI Shares Slip on Slower Growth Expectations
The travel operator guided for a lower rate of growth in the current fiscal year, despite posting a jump in profit for fiscal 2024 on strong demand.The Wall Street Journal - 19h -
Haslam backs Stefanski, GM; will look at all else
Although Browns owner Jimmy Haslam expressed support for Kevin Stefanski and Andrew Berry, he told ESPN that the team's struggles at quarterback are something he plans to look after the season.ESPN - 4h -
Thune expects tax package by summer: 'Failure is not an option'
Incoming Senate Majority Leader John Thune (R-S.D.) reaffirmed his objective to prioritize swift tax reform in the 119th Congress as well as legislation supporting border security and the energy ...The Hill - 9h -
Sources: Raptors' Barnes expected to miss weeks
Raptors forward Scottie Barnes is expected to miss several weeks with a right ankle injury, sources told ESPN.ESPN - 12h -
Holiday travel expected to break records again
The end-of-the-year holiday travel rush begins next week and AAA is expecting more than 119 million travelers. Most, 107 million, will drive, with gas prices nearly $.15 cheaper than a year ago.CBS News - 14h -
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GM shuts down robotaxi project to focus on autonomous vehicles
General Motors (GM) said Tuesday that it will no longer fund the development of robotaxis and instead focus on creating fully autonomous personal vehicles. Cruise, GM’s self-driving car ...The Hill - 15h -
GM gives up on loss-making Cruise robotaxi business
STORY: General Motors is giving up on its Cruise robotaxi business. The auto giant said Tuesday that it would end development at the loss-making unit, which had once been a top priority. GM said ...Yahoo Sports - 23h -
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GM exits robotaxi market, will bring Cruise operations in house
General Motors will no longer fund its Cruise division's robotaxi development, effectively pulling out of the market.CNBC - 1d -
How GM’s self-driving strategy is evolving as it gives up on Cruise business
General Motors has bailed on its Cruise robotaxis, citing the amount of time and money needed to scale the business and an “increasingly competitive” market for autonomous vehicles.MarketWatch - 1d -
GM to stop funding troubled Cruise autonomous vehicle unit
General Motors says it will move away from the robotaxi business and cease funding its money-losing Cruise autonomous vehicle division that originated as a San Francisco start-up.CBS News - 1d -
SiriusXM Expects Revenue to Decline in 2025
SiriusXM expects to bring in less revenue next year than in 2024, according to the company’s latest guidance.The Wall Street Journal - 1d -
Report: Giants expected to be ‘significant players' for Sasaki
The San Francisco Giants reportedly are expected to be "significant players" for coveted international amateur pitcher Roki Sasaki.Yahoo Sports - 4d -
GM: A's sought 'statement' with Severino deal
With the A's planning to play the next three years in West Sacramento, GM David Forst said the team "wanted to make something of a statement" in signing Luis Severino to a $67 million contract.ESPN - 5d -
A's GM David Forst says the team wanted to make a statement with Luis Severino's contract
Athletics general manager David Forst says the team wanted to make a statement going into its new homeABC News - 5d -
Amorim forced to Man Utd 'manage expectations'
Ruben Amorim has said he is having to "manage expectations" after suffering his first defeat as Manchester United head coach.ESPN - 5d -
U.S. adds 227K jobs in November, beating expectations
Friday morning's jobs report from the Labor Department shows the U.S. beat expectations and added 227,000 jobs in November while unemployment ticked up slightly to 4.2%. CBS News MoneyWatch ...CBS News - 5d -
A rebound is expected after the previous month’s disruptions.
The resolution of the Boeing strike, and recovery from storms in the Southeast, are predicted to produce a gain in monthly payroll data.The New York Times - 5d -
GM loses its golden goose in China
With a slowing market fuelling a price war between local brands, the party for foreign carmakers looks over for nowFinancial Times - 6d -
GOP greets DOGE with excitement but expects 'friction'
Capitol Hill Republicans are clamoring to get in on the "DOGE" action after President-elect Trump put Elon Musk and Vivek Ramaswamy in charge of his administration’s “Department of Government ...The Hill - 6d -
GM expects more than $5 billion impact from China restructuring, including plant closures
General Motors expects a restructuring of its joint venture operations with SAIC Motor in China to cost more than $5 billion in noncash charges and write-downs.CNBC - Dec. 4 -
GM takes more than $5bn charge against China businesses
Move lays bare declining future in what was once the US carmaker’s largest marketFinancial Times - Dec. 4 -
GM sounds a warning on troubled China market, becoming latest carmaker to do so
GM’s 50-50 joint venture with SAIC Motor Corp. faces ‘market challenges and competitive conditions.’MarketWatch - Dec. 4 -
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.NBC News - Dec. 4 -
Valkyries expansion draft: Rival WNBA GMs share insight into how the other 12 teams are handling the process
The Golden State Valkyries expansion draft will take place Friday at 6:30 p.m. ETCBS Sports - Dec. 3 -
Texans coach DeMeco Ryans, GM defend Azeez Al-Shaair after violent hit on Trevor Lawrence
Ryans defended the hit, blamed the Jaguars for overreacting and lauded Al-Shaair's leadershipCBS Sports - Dec. 3 -
GM recalls 132K pickups for tailgates that can open unexpectedly
General Motors is adding over 132,000 heavy-duty pickups in the U.S. to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park.CBS News - Dec. 3 -
GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner LG Energy Solution.CNBC - Dec. 2 -
Bears sticking with GM; will lead coaching search
The Bears are sticking with general manager Ryan Poles, who will serve as the "point person" for the team's search for a new head coach.ESPN - Dec. 2 -
Cyber Monday shoppers expected to set new records
Cyber Monday could mark the biggest day in sales for e-commerce this year. CBS News' Nancy Chen is tracking the consumer news as the holiday shopping season begins.CBS News - Dec. 2 -
Bears president says there will be no changes at GM, Ryan Poles will be point person in coaching search
Chicago fired coach Matt Eberflus after ThanksgivingCBS Sports - Dec. 2
