On November 29th, General Motors (GM.N) will be holding a business update following the ratification of new labor agreements in the United States and Canada. The conference call with analysts will be led by GM CEO Mary Barra and chief financial officer Paul Jacobson.
This news comes as the United Auto Workers union has announced that its members have approved a new labor deal through April 2028. With this agreement in place, GM can continue to focus on its core business and move forward with its plans for growth and innovation.
However, despite this positive news, GM is also facing challenges at its self-driving unit Cruise. Since 2017, Cruise has lost more than $8 billion, including $728 million in the third quarter of this year, according to GM financial disclosures. This highlights the importance of continued investment in this promising technology and the need for Cruise to turn a profit in order to support GM’s long-term success.
Despite these challenges, however, GM remains committed to its mission of providing safe and reliable transportation for people around the world. With a strong leadership team and a focus on innovation and sustainability, the company is well positioned for success in the years ahead.