GM

General Motors posted a first-quarter profit of $294 million even as the COVID-19 pandemic brought business to a standstill.

Larger discounts could generate demand and cash flow when they reopen, even if they erode carmakers' profit margins, experts say.

Federal officials confirmed to GM that the automaker has been cleared from a years-long corruption probe into the UAW.

U.S. auto safety investigators have apparent defect with the passenger air bag seat sensors in thousands of older General Motors sedans, resolving a 2011 allegation about an air bag failure.

Detroit's car companies are targeting May 18 to resume some production at their U.S. factories after the companies shut down their plants in March amid the spread of the coronavirus, according to people familiar with the plans.

General Motors Co. said it has suspended its quarterly cash dividend and share-buyback program as it seeks to bolster liquidity amid the Covid-19 pandemic.

UAW President Rory Gamble said it's "too early and too risky" to start reopening Michigan auto plants.

General Motors is telling some employees that they may be called back to work "soon" to prepare to restart its production plants post-coronavirus.

GM says it will gradually phase out Maven by market with operations expected to end during the summer

Global vehicle production is now expected to fall more than 20 percent to around 71 million in 2020 as a result of the COVID-19 pandemic and ensuing recession, a top automotive forecaster said Monday.

President Trump invoked the Defense Production Act in March after criticizing the automaker's efforts.

Global automakers reeling from the COVID-19 pandemic are accelerating efforts to restart factories from Wuhan to Maranello to Michigan, using safety protocols developed for China and U.S. ventilator production operations launched in recent weeks.

The contract with the Department of Health and Human Services is worth $489.4 million.

GM is on track to meet its goal of delivering its first 20,000 masks on Wednesday

Amid coronavirus, Ford, GM workers have become ventilator manufacturers.

President Trump had faced criticism for invoking but not using the Defense Production Act.

Navarro’s appointment came the same day the White House announced that Trump had invoked the wartime law to require General Motors to prioritize ventilator production.

After facing criticism from President Trump over the speed of its ventilator production, General Motors announced on Friday that it had dedicated a second facility to build ventilators.

The portions of their salaries that workers aren't receiving now will be returned to them in a lump sum, with interest, no later than May 15, 2021. The reduction will not impact health care benefits, the automaker said.

Trump called on the automaker to “immediately” reopen its Lordstown, Ohio plant to make the ventilators, which are desperately needed in hospitals across the nation as a result of the coronavirus pandemic.