Latest Paul Jacobson News
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
DETROIT (AP) — The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year. The Detroit automaker said in a regulatory filing Wednesday...
General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market
DETROIT (AP) — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers, mostly white collar, were notified about the decisions early Friday. The company confirmed the layoffs in a...
GM's shares post biggest percentage gain in over 4 years as company reports $3 billion profit in 3Q
DETROIT (AP) — Shares of General Motors surged almost 10% Tuesday after the automaker posted a $3 billion third-quarter profit, slightly less the same period a year ago. It was the stock's biggest single day percentage gain in more than four years. GM's stock closed up 9.8% at...
