The new GM logo can be seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo
General Motors (GM.N) announced on Tuesday 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. Mary Barra, CEO of GM, and Paul Jacobson, chief financial officer, will lead the call to discuss the company’s latest developments.
The United Auto Workers union announced on Monday that its members had approved a new labor deal through April 2028. This news comes as GM also faces mounting troubles 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.