GM cuts more than a thousand jobs while rewarding shareholders [Wealth Professional (Canada)]
General Motors Company (GM)
Last general motors company earnings: 2/5 08:05 am
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Source: Wealth Professional
General Motors is cutting Canadian jobs while ramping up shareholder payouts, sharpening questions about how much manufacturing the company intends to keep in Canada. GM is eliminating the third shift at its Oshawa Assembly Plant, costing about 500 direct GM jobs and up to 1,200 positions across the supply chain, according to CBC News Unifor says “more than 700” jobs will disappear inside the complex, with “hundreds” more at suppliers. The move lands in the same week GM reported more than US$12bn in pre-tax earnings for 2025 and outlined plans for a US$6bn share buyback and higher dividends, as per a Unifor press release. Earlier, GM said it earned US$2.7bn in 2025, below its initial guidance of US$7.7bn to US$8.3bn, and projected US$10.3bn to US$11.7bn in net income for 2026, reported the Financial Post Unifor blames US trade policy and GM's production choices. The union says GM ramped up Chevrolet Silverado output in Fort Wayne, Indiana, after the United States imposed
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News
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- Chinese BYD cars emerge as threat to automakers [USA TODAY]USA TODAY
- JPMorgan Boosts General Motors (GM) Profit Estimates, Cites Global Production, Penalty Eliminations [Yahoo! Finance]Yahoo! Finance
- Last 24 hours to grab your +1 pass at 50% off to TechCrunch Disrupt 2026 [TechCrunch]TechCrunch
GM
Earnings
- 1/27/26 - Beat
GM
Sec Filings
- 1/27/26 - Form 10-K
- 1/27/26 - Form 8-K
- 1/8/26 - Form 8-K
- GM's page on the SEC website