On Tuesday, General Motors (GM.N) announced that it will hold a business update on November 29 following the ratification of new labor agreements in the United States and Canada. This update will be led by GM CEO Mary Barra and chief financial officer Paul Jacobson, who will hold a conference call with analysts.
Meanwhile, the Detroit automaker is facing mounting troubles at its self-driving unit Cruise, which has lost more than $8 billion since 2017, including $728 million lost in the third quarter of this year, according to GM financial disclosures. The United Auto Workers union said Monday members had approved a new labor deal through April 2028.
The new GM logo can be seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing Rights