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GM to Provide Business Update on November 29 Following UAW Contract Approval


Nov 21, 2023

General Motors (GM.N) announced that it will hold a business update conference call with analysts on November 29, following the ratification of new labor agreements in the United States and Canada. This news comes after the United Auto Workers union approved a new labor deal through April 2028.

During the conference call, GM CEO Mary Barra and chief financial officer Paul Jacobson will provide updates on the company’s operations and prospects. However, the automaker is also facing mounting challenges 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 new GM logo was recently seen on the facade of the company’s headquarters in Detroit, Michigan, U.S., on March 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing Rights

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