GM expects $500 million tariff refund from Trump levies the Supreme Court struck down
General Motors is expecting a $500 million tariff refund after the Supreme Court struck down some of President Trump's most sweeping levies.
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General Motors is expecting a $500 million tariff refund after the Supreme Court struck down some of President Trump's most sweeping levies.
General Motors anticipates a smaller impact from tariffs and is boosting its full-year adjusted earnings forecast as its third-quarter performance topped Wall Street's expectations.
General Motors will book a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed.
General Motors' profit and revenue declined in its second-quarter but the automaker's results managed to easily top Wall Street's expectations and the company stuck by its full-year financial outlook that it lowered in May.
General Motors is lowering one of its full-year financial forecasts as the company braces for the potential impact of auto tariffs.
The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year.
Mohawk Chevrolet in New York has gone viral on TikTok for its "The Dealership" parody series. The company brought the series to Detroit and featured General Motors CEO Mary Barra.
Despite a small dip in U.S. vehicle sales, General Motors' first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
General Motors and real estate firm Bedrock announced Monday the automaker's headquarters will move to the Hudson's Detroit development in downtown Detroit from the Renaissance Center.
General Motors says pretax earnings took a $1.1 billion hit this year from a six-week strike by autoworkers, but the company expects to absorb the costs of a new contract and is even raising its dividend.
With over 50 percent of Michigan's population being female and most working outside the home, an all-star lineup of experts --- Carey Oven, Leslie Murphy, Carla Bailo, and Terry Barclay appear to provide an update of how women are faring in corporate America.
Electric vehicles made by General Motors will be able to use much of Tesla's vast charging network starting early next year.
General Motors has hired a former high-ranking software executive at Apple to run a new software organization at the automaker.
With over 50 percent of Michigan's population being female and most working outside the home, an all-star lineup of experts --- Carey Oven, Leslie Murphy, Carla Bailo, and Terry Barclay appear to provide an update of how women are faring in corporate America.
General Motors announced today they will be making big investments to take the company into its electrically driven future.
Dhivya Suryadevara became GM's first female CFO in 2018 at the age of 39, and quickly became a trusted voice for Mary Barra
GM CEO Mary Barra made more than $20 million last year making her the top paid Detroit auto executive.
Barra said GM's share of profitable retail sales to individual buyers is rising and trade-in values for cars and trucks remain strong.
GM Chairman & CEO Mary Barra appears in an all-star lineup of inspirational Detroit women making an impact across the region and star in CBS 62's "Eye On The Future: The Power of Women" TV special airing Sunday March 13 at 11:30 a.m.
GM Chairman & CEO Mary Barra heads up an all-star lineup of inspirational women impacting Metro Detroit in CBS 62's "Eye On The Future: The Power of Women" TV special airing Sunday Feb. 28 at 6:30 p.m.
General Motors CEO Mary Barra says neither she nor the company's board of directors is interested in a merger with Fiat-Chrysler.
General Motors CEO Mary Barra says the company doesn't need to merge with Fiat Chrysler to take advantage of economies of scale in building cars.
General Motors CEO Mary Barra's compensation more than tripled in 2014 to $15.8 million in her tumultuous first year in the automaker's top job.
The GM CEO is one of 35 current and former GM employees who will be questioned,
One of those criminally charged in the death of 5-year-old Thomas Cooper has pleaded no contest to involuntary manslaughter.
Aaron Samir Akel, 50, was arraigned July 20 on first-degree murder charges after prosecutors say he strangled and stabbed his 73-year-old cellmate at the Macomb County Correctional Facility in April.
Three in four American households lack the wealth to weather financial setbacks and achieve major life milestones.
After years of water main breaks in Oakland County, the Great Lakes Water Authority plans an $81 million infrastructure update.
Three people were charged in connection with a carjacking that happened near Balfour Road and Courville Street, the Wayne County Prosecutor's Office said.
After years of water main breaks in Oakland County, the Great Lakes Water Authority plans an $81 million infrastructure update.
Clearer air is forecast for Metro Detroit on Tuesday, but the change in weather includes the possibility of scattered showers and thunderstorms.
The number of cyclosporiasis cases in Michigan continues to grow in the hundreds each day as health officials track a parasite that can cause diarrhea and nausea after contaminated food is eaten.
A group of volunteers who oversee multiple baseball fields at Maple Glen Park in Commerce Township say one of their fields experienced damages over the weekend after someone lit off fireworks.
One of those criminally charged in the death of 5-year-old Thomas Cooper has pleaded no contest to involuntary manslaughter.
Many newer vehicles are equipped with high-efficiency cabin air filters capable of capturing a significant amount of fine particulate matter.
Lawmakers in Michigan are working to push legislation that would stiffen penalties on noisy vehicles with exhaust modifications.
As the United States marks its 250th birthday, Ford Motor Company is showcasing more than a century of automotive history in a new exhibit that explores the company's role in shaping America.
The Detroit Auto Show has spent more than a century evolving alongside the auto industry. It has grown from a small, local exhibition into one of the world's premier automotive events.
The Pontiac Star Car Reunion at the Oakland Expo Center features a wide range of vehicles.
Behind every video is a true family effort.
Concerns surrounding air quality are prompting event organizers across Metro Detroit to make adjustments to their festivities or cancel altogether.
The few who aren't open for business on Thursday say it's out of concern for their employees' health and to protect their art.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
Three in four American households lack the wealth to weather financial setbacks and achieve major life milestones.
The recall affects certain 2020-2027 Aviator and 2020-2026 Explorer vehicles.
A United Airlines employee appears to have been caught on video threatening to call ICE on a passenger last week at San Francisco International Airport.
President Trump is imposing 50% tariffs on a range of Canadian goods, from hockey equipment to alcoholic beverages, escalating the trade dispute between the two countries.
A state representative says these weather conditions expose the need for long-term solutions at MDOC facilities going forward.
The number of cyclosporiasis cases in Michigan continues to grow in the hundreds each day as health officials track a parasite that can cause diarrhea and nausea after contaminated food is eaten.
While the U.S. Food and Drug Administration is still working to identify the source of a parasite that has caused a cyclosporiasis outbreak, a Michigan doctor says officials are closer than you think to solving the case.
The number of cyclosporiasis cases in Michigan continues has topped 6,100 as an investigation into the origin of the parasite in the food supply continues.
A statewide air quality alert for Michigan is in effect through Monday due to wildfire smoke, according to the state's Department of Environment, Great Lakes, and Energy.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
U-M President Domenico Grasso announced Monday that Manuel will leave the role by the end of the year, as a third-party culture review found failures to act on allegations of wrongdoing within the athletic department.
A Detroit nonprofit's annual summer celebration was in jeopardy after 400 pairs of shoes were stolen from its warehouse. Thanks to the community, Hoopfest was able to move forward.
Ryan Johnson struck out five and allowed one run in five solid innings, Jorge Soler and Zach Neto delivered RBI hits and the Los Angeles Angels snapped a four-game skid with a 3-2 win over the Detroit Tigers.
Spain dominated the match, outshooting Argentina 20-3, but couldn't manage a goal in regulation — finally scoring in the second period of extra time.
Tarik Skubal pitched seven dominant innings, Spencer Torkelson homered twice and drove in four runs, and the Detroit Tigers cruised to a 7-0 win over the Los Angeles Angels.
The conversation turns to rising auto insurance rates across Michigan and new legislative bills in Lansing that would help stem the tide.
The Democratic side of the aisle had an intriguing development earlier this week when state Rep. Mallory McMorrow suddenly dropped out of the contest
Former NBA All-Star/entrepreneur Jalen Rose, DTE's Trevor Lauer and Oakland University president Ora Hirsch Pescovitz headline an all-star Michigan Matters episode.
Mark Hollis, COO of Rocket Entertainment and tournament director of the PGA Tour's Rocket Classic, appears on Michigan Matters.
Former U.S. Energy Secretary and Michigan Gov. Jennifer Granholm appears exclusively on CBS Detroit's Michigan Matters.
After years of water main breaks along 14 Mile Road in Oakland County, the Great Lakes Water Authority is moving forward with an $81 million project to prevent future failures.
President Trump has imposed a new 50% tariff on Canadian imports. The White House claims it is in response to Canada's unfair treatment of American auto, dairy and alcohol products.
Strong to severe storms are possible this afternoon. NEXT Weather Meteorologist Karen Carter tells us what we can expect this afternoon and after the storms pass.
The Food and Drug Administration is still looking into the source of cyclospora parasites that have made thousands of people in Michigan and other states ill with an intestinal ailment that can last for days. CBS News has this update.
Michigan State Police are continuing to investigate a hit-and-run crash in Royal Oak Towship where a young child was struck and injured.