© Reuters. FILE PHOTO: The new GM emblem is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo
(Reuters) – General Motors (NYSE:) stated Tuesday it is going to maintain a Nov. 29 enterprise replace following the ratification of recent labor agreements within the United States and Canada.
GM CEO Mary Barra and chief monetary officer Paul Jacobson will maintain a convention name with analysts.
The United Auto Workers union stated Monday members had permitted a brand new labor deal by means of April 2028. The Detroit automaker can also be going through mounting troubles at its self-driving unit Cruise that has misplaced greater than $8 billion since 2017, together with $728 million misplaced within the third quarter of this 12 months, in accordance with GM monetary disclosures.