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,
Authorities in Monroe County have arrested a man on charges of criminal sexual conduct, adding that additional people may have been victims of the behavior.
Companies receiving billions in refunds for U.S. tariffs struck down by the Supreme Court should return money to consumers, Sen. Elizabeth Warren said.
A Transportation Department proposal could obscure the cost of a plane ticket, aviation experts warn. Here's what to know.
Yemen's Houthi rebels launch fresh attacks on Saudi-backed government troops, says Yemeni state media, as Cruz says Trump must seek "regime collapse."
A St. Clair Shores, Michigan, couple has been charged after prosecutors say they lit and threw an explosive device into their 72-year-old neighbor's yard.
Detroit's Cooley High School, which opened in 1928 and closed in 2010, is being fully demolished to make way for a new athletic complex on the site.
Police say riders have been trespassing in MDOT work zones, including areas associated with the Restore I-94 project, where large dirt and aggregate piles have been used as obstacle courses.
According to the George Bush Intercontinental Airport, one person was taken into custody, and a police investigation is ongoing.
Authorities in Monroe County have arrested a man on charges of criminal sexual conduct, adding that additional people may have been victims of the behavior.
Companies receiving billions in refunds for U.S. tariffs struck down by the Supreme Court should return money to consumers, Sen. Elizabeth Warren said.
As a special Goodyear Auto Service Center, the store will display the company's products, technology and heritage.
The president's visit to the Great Lakes state comes less than 100 days before midterm elections that will test his party's grip on Congress.
A 23-year-old man who pleaded guilty to conducting a criminal enterprise in connection with a Metro Detroit vehicle theft operation that Michigan officials called "prolific" has been sentenced, according to online court records.
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.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
It was another busy night in Ann Arbor as country singer Morgan Wallen took the stage on Saturday for his second concert in as many days at Michigan Stadium, better known as the Big House. Like any game day at the venue, there's a lot of foot traffic and first responders at every corner.
A group of young performers is taking the stage on Friday night to showcase their talents while celebrating Detroit's culture and history.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
A major weekend in Ann Arbor as fans gear up to see country music star Morgan Wallen take over the University of Michigan Big House stadium on Friday and Saturday.
Companies receiving billions in refunds for U.S. tariffs struck down by the Supreme Court should return money to consumers, Sen. Elizabeth Warren said.
A Transportation Department proposal could obscure the cost of a plane ticket, aviation experts warn. Here's what to know.
Dillon Dingler homered for the third straight game and finished with three hits and three RBIs as the Detroit Tigers defeated the Seattle Mariners 11-0.
The Federal Aviation Administration has ordered inspections of hundreds of Boeing 737 Max jets after cracks were found in parts of some older model Boeing planes.
Michigan Democratic Party Chair Curtis Hertel says the party is focused on a big-tent approach, with organizers already in the field ahead of the general election.
State and federal health officials say cyclosporiasis cases are slowing down, and contaminated lettuce is no longer on the market.
The Michigan Department of Health and Human Services says it has counted 12,218 cyclosporiasis cases in the state as of Aug. 5.
Despite more than 11,500 cyclosporiasis cases statewide, Michigan health officials say residents should continue eating fresh produce and follow washing and handling steps to reduce their risk of illness.
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
The Michigan Department of Health and Human Services reports there have been 10,773 cyclosporiasis cases in the state during the past five weeks.
Dillon Dingler homered for the third straight game and finished with three hits and three RBIs as the Detroit Tigers defeated the Seattle Mariners 11-0.
Jahmyr Gibbs and the Detroit Lions have reportedly reached a three-year, $67.5 million deal, making him the highest-paid running back.
Officials say Haddad will oversee all football and business operations and work with principal owner Sheila Hamp and the board of directors.
Troy Melton threw seven sharp innings and Colt Keith hit a two-run single as the Detroit Tigers beat the Seattle Mariners 8-0 to open their post-Tarik Skubal era.
Devin White finished last season as the NFL's third-leading tackler.
As the nation turns its attention to Michigan's critical Aug. 4 primary, the Michigan Matters roundtable weighs in.
Perry Johnson discussed not receiving President Trump's endorsement and the reasons he believes John James did.
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.
The Monroe County Sheriff's Office says a local man was charged with criminal sexual conduct involving multiple victims.
Michigan Humane presents two of the adoptable dogs in its care. They are Lucille and Cerebro.
The Pizza Pod is a tiny pizzeria that operates from a two-city smart car in New York City. Take a look.
Taylor police are cracking down on dirt bikes, ATVs compromising the I-94 construction project. Dearborn Homecoming Festival runs Friday through Sunday. Those headlines and other top stories are on the CBS Detroit news brief.
President Trump issued two executive orders targeting birthright citizenship, less than two months after the Supreme Court struck down Mr. Trump's previous effort to end it.