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7 mentions found


☆ Detroit's 'doom loop' was unlike any other American city. Its downtown is now a model for urban reinvention.
  + stars: | 2024-04-28 | by ( John L. Dorman | ) www.businessinsider.com   time to read: +4 min
But the city's downtown has one of the most stunning urban reinvention stories in the United States. Downtown Detroit recently hosted the NFL Draft to rave reviews and even broke an attendance record. AdvertisementLast week, more than 775,000 football fans converged in downtown Detroit for three days as the city hosted the NFL Draft. NFL fans near the draft stage at Campus Martius Park in downtown Detroit on April 27, 2024. Downtown Detroit has an abundance of towering, historic buildings that are perfect for office-to-housing conversions and office renovations that have taken hold in downtowns across the country.
Persons: —, Ryan Kang, Spencer Platt, Gen Zs, it's, Dan Gilbert Organizations: Downtown, NFL, Service, Detroit, Nashville, Martius, Renaissance, Miami, General Motors, Getty, Rocket Mortgage, Quicken, GM, Renaissance Center Locations: Detroit, United States, Downtown Detroit, Hudson's Detroit, downtowns
☆ Ford stock can go higher by taking a page of out Detroit rival GM's playbook
  + stars: | 2024-04-12 | by ( Paulina Likos | ) www.cnbc.com   time to read: +6 min
General Motors is buying back a ton of stock; Ford, so far, not so much. Before the buyback disclosure late this year, Ford had been down 10%, which was less than GM's 14% decline. In 2023, Ford spent $5.33 billion on dividends and stock repurchases, with only 6.3% of that total on buybacks. In guidance alongside Q4 numbers, Ford said it expects warranty costs for full-year 2024 to be flat year over year. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Ford, Jim Cramer, General Motors, Adrian Yanoshik, Jim, Morgan Stanley, Adam Jonas, Jonas, BEV, John Lawler, Redburn's Yanoshik, Jim Cramer's, Paul Hennessy, LightRocket Organizations: General Motors, Ford, GM, CNBC, General, United Auto Workers, Capital, Renaissance, Getty
☆ 10 years in, GM CEO Mary Barra has built her legacy on change and crisis. 2024 will be no different
  + stars: | 2024-01-15 | by ( Michael Wayland | ) www.cnbc.com   time to read: +12 min
In this article GM Follow your favorite stocks CREATE FREE ACCOUNTMary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. GM's EV sales last year totaled 75,883 units, or 2.9% of the company's overall sales. However, a vast majority of GM's EV sales were from its now-discontinued Chevrolet Bolt models. Mary Barra, GM chair and CEO, speaks during the unveiling of the Cadillac Celestiq electric sedan in Los Angeles, Oct. 17, 2022. General Motors CEO Mary Barra testifies during a House Energy and Commerce Committee hearing on Capitol Hill in Washington, April 1, 2014.
Persons: Mary Barra, Mary Barra's, Barra, She's, Tesla, Michelle Krebs, Warren Buffett's Berkshire, EVs hasn't, Frederic J, Brown, there's, Cruise, Cruise's, Jeff Kowalsky, Darryll Harrison Jr, Mary, Barra's, Dan Akerson, Dan Ammann, Mark Reuss, Steve Fecht, Stephanie Brinley, they've, Lyft, David Einhorn's, Einhorn Organizations: General Motors, New York Stock Exchange, NYSE DETROIT, Detroit, GM, Wall, U.S, EV, Cox Automotive, Warren Buffett's Berkshire Hathaway, —, Hyundai, Kia, Bolt, EVs, Cadillac, AFP, Getty, Honda Motor, Automotive Press Association, Bloomberg, Cruise, CNBC, GM Renaissance Center Global Headquarters, P Global Mobility, Apple, Google, Energy, Commerce, Capitol Locations: Los Angeles, North America, Barra, San Francisco, Detroit, Washington
☆ At a Detroit rally, Bernie Sanders cheers on striking workers and condemns ‘corporate greed.’
  + stars: | 2023-09-15 | by ( Santul Nerkar | Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com   time to read: +1 min
At a rally in downtown Detroit on Friday, just a couple of hundred yards from the headquarters of General Motors, Senator Bernie Sanders of Vermont addressed a cheering crowd of United Auto Workers members, capping a day of walkouts by the union with an effort to rally support for the strike. “The fight you are waging here is not just about decent wages and working conditions and pensions in the auto industry,” Mr. Sanders said. “It’s a fight to take on corporate greed and tell the people on top the country belongs to all of us, not just the few.”The rally took place along Detroit’s riverfront, near the city’s iconic Renaissance Center towers, home to G.M. headquarters. Also nearby is the Huntington Place convention center, where auto executives were gathering for a black-tie charity ball to kick off the 2023 Detroit auto show.
Persons: Bernie Sanders, Sanders, —, ” Mr, “ Organizations: General Motors, United Auto Workers, Big Three, Ford Locations: Detroit, Vermont, walkouts, United States, G.M
☆ GM and Ford shares tumble after UBS downgrades on expectations for weakening demand
  + stars: | 2022-10-10 | by ( Michael Wayland | ) www.cnbc.com   time to read: +1 min
DETROIT – UBS on Monday downgraded shares of General Motors and Ford Motor on expectations for weakening demand amid inflationary pressures, sending the stocks tumbling to begin the week. Ford's stock was down by roughly 8% during trading Monday morning, while GM shares were off by about 7%. UBS continues to prefer GM over Ford due to its momentum with electric vehicles and less problems with production during the third quarter. Hummel said UBS expects a "solid quarter" for GM, which is scheduled to report third-quarter results on Oct. 25. Ford is scheduled to report third-quarter results on Oct. 26.
☆ GM delays return-to-office plan to 2023, just days after it said staff would be required to come back this year
  + stars: | 2022-09-28 | by ( Stephen Jones | ) www.businessinsider.com   time to read: +2 min
GM pushed back its return-to-office plans, just days after telling staff they'd have to come in. On Friday, the company told staff to expect to return at least three days a week this year. Executives also have no plans to mandate which days employees return, and instead will leave the decision to individual teams and managers, GM said. GM is among several high-profile companies to have faced challenges getting staff to return. Some Apple staffers have been fighting CEO Tim Cook's call for them to return to the office at least three days a week.
☆ General Motors has told its corporate staff they'll soon need to work in the office 3 days a week, partly reversing CEO Mary Barra's flexible-working policy
  + stars: | 2022-09-26 | by ( Stephen Jones | ) www.businessinsider.com   time to read: +2 min
GM has told its corporate staff they'll need to work in the office three days a week. It marks a shift away from the flexible-working policy announced in 2021 by CEO Mary Barra. GM CEO Mary Barra announced in April 2021 a companywide "Work Appropriately" policy, whereby staff were permitted to work remotely if their jobs enabled them to do so. Raynal told Insider that GM was changing its policy to drive "collaboration, enterprise mindset, and impact" as the company prepares to launch as many as 22 electric vehicles by 2023. GM is the latest in a string of high-profile companies, including Apple, to wind back flexible-working policies.
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