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General Motors (GM) secures tentative deal with UAW, ending strike

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General Motors (GM) and the United Auto Workers (UAW) union have reached a tentative agreement, ending a six-week strike that has cost the automaker billions of dollars in lost production. Spokespersons from GM and the UAW have yet to issue comments about the matter, however. billion over the deal’s term.

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Unifor Strike Targets General Motors in Canada

The Truth About Cars

& Last week, Unifor criticized General Motors for failing to meet important elements of its pattern agreement with Ford Motor Company. With the UAW having been striking since mid-September , automakers are already assumed to be losing millions of dollars each week due to production shortfalls.

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General Motors beats Q3 projections, reports progress in EVs

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General Motors ( NYSE: GM ) beat analyst expectations for the third quarter and reported what progress it made on its electric vehicle front for the three-month span. It is no secret that Q3 was rough for Detroit-based automakers, GM included. GM reported a $2.28 Disclosure: Joey Klender does not own GM Shares.

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Ford is on track to sell more electric cars than rival General Motors this year

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Ford’s strength in the general auto sector seems to be spilling over somewhat to its electric vehicle business. This was made possible as Ford posted a 5.9% This was made possible as Ford posted a 5.9% Andrew Frick, Ford’s vice president of sales for the U.S. year-over-year sales boost for the month.

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Ford, General Motors, and BMW help schedule EV charging

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Ford, General Motors (GM), and BMW announced earlier this week that they would partner with the Sacramento Municipal Utility District (SMUD) to roll out an EV charging scheduling program. To address this, Ford, GM, BMW, and SMUD are working together to schedule EV charging.

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GM to Use Software and Automation to Boost EV Production in 2024

The Truth About Cars

Automakers have pumped billions into EV development and production, but it will take even more work and money for them to reach the market share goals laid out by the companies. General Motors has invested more than many of its rivals, but the automaker is realistic about the costs it faces going forward.

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GM faces EV production constraints and Cruise accident effects in 2024

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Ahead of the General Motors (GM) earnings call this week, the automaker has new union contracts and is expected to report around $10 billion in earnings. GM will report Q4 and FY 2023 earnings on Tuesday, and the company said in November it expected to earn almost $10 billion throughout 2023—despite around $1.1

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