"General Motors Co" Archives

GM to Invest $3.5bn More in Cruise as SoftBank Exits Bet

by Amruth Sundarkumar | Mar 21, 2022 | Corporates

SoftBank has sold its stake in Cruise, a self-driving car subsidiary of American auto major General Motors (GM). Since 2018 SoftBank had invested $1.2bn in Cruise, and GM would now pay $2.1bn to buy SoftBank Vision Fund’s stake and infuse another $1.35bn in the...

GM’s EV unit Signs Deals with Walmart, FedEx

by Amruth Sundarkumar | Jan 6, 2022 | Corporates

American auto major General Motors (GM) announced via its electric commercial vehicle business, BrightDrop that it has signed a new deal with Walmart Inc. and expanded its supply agreement with FedEx Corp. As per the deal, Walmart will reserve 5,000 of...

GM Beats Estimates With $3bn Profit; Bonds Inch Up

by bondevalue | May 7, 2021 | High Yield Bonds

General Motors (GM) reported strong Q1 earnings with revenues of $32.5bn, almost unchanged vs. the same period last year while net profits stood at $3bn compared to $294mn last year. The net income and EBIT margins saw a significant improvement at 9.3% and 13.6% in...

GM to Invest $3.5bn More in Cruise as SoftBank Exits Bet

GM’s EV unit Signs Deals with Walmart, FedEx

GM Beats Estimates With $3bn Profit; Bonds Inch Up

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GM to Invest $3.5bn More in Cruise as SoftBank Exits Bet

GM’s EV unit Signs Deals with Walmart, FedEx

GM Beats Estimates With $3bn Profit; Bonds Inch Up

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