WASHINGTON (dpa-AFX) - General Motors Co. (GM) said Wednesday it entered into a new 364-Day Revolving Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the other lender…
The auto maker hopes it will be too good for the union to refuse. Meanwhile, GM has laid off more workers.
General Motors Co. GM said Wednesday it agreed to a $6 billion, 364-day revolving credit agreement with 21 banks led by JPMorgan Chase & Co. JPM as administrative agent and Citigroup Inc.’s C Citibank N.A. unit as syndication agent. The facility requires that GM maintain at least $4 billion in global liquidity and at least $2 billion in U.S. liquidity. GM’s stock was up 0.5% in premarket trading on Wednesday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
The auto maker says the proposal would give permanent employees a pay raise of more than 20%, and temporary workers a 26% increase.
CHICAGO, Oct. 4 — General Motors Co. (GM) announced on Tuesday that it sold 674,336 vehicles in the United States in the third quarter of this year, up 21 per cent year on year, Xinhua reported. The sales included more than 20,000 electric vehicles (EVs), up 28 per cent. GM… The post General Motors sees US sales jump 21pct in third quarter appeared first on Selangor Journal .
There’s no doubt that Taylor Swift’s and her team’s marketing is genius. Experts expect Swift’s upcoming cinema debut to be a massive moneymaker . At the same time, her charisma and presence alone sparked renewed interest in the NFL among the Swifty set, while the movie venture is reinvigorating AMC (NYSE: AMC ) when the company needs all the help it can get. While the tactical mechanics of Taylor Swift’s marketing are interesting, the fundamental strategy driving her moves is more applicable to leveraging the same tools. Per Forbes , Taylor Swift’s marketing acumen hinges on three key tenets. First, her authentic storytelling creates a narrative that compels fans to invest themselves in her life. Next, Swift leverages social media platforms masterfully. Finally, Taylor Swift’s marketing machine is adept at changing as Taylor herself changes: her evolution “[allows] her to reach a wider audience and [demonstrates] an ability to adapt to changing trends.” These three companies could take a note from Ms.
The company disclosed its deliveries for the third quarter, showing 33% growth in shipments of EVs from a year earlier.
CNBC''s Phil LeBeau joins ''Halftime Report'' to discuss GM posting its highest Q3 sales numbers since 2020, EV sales jumping 28% since last quarter, and the impact UAW''s strike will have on GM''s earnings next quarter.
The United Auto Workers'' new offer to General Motors may lead to job adjustments and financial losses for automakers, impacting both stocks and suppliers. Read more.