General Motors (NYSE: GM) turned in a strong 2024 on the back of rising sales. In fact, Detroit's largest automaker consistently topped Wall Street estimates and raised guidance while crosstown rival Ford Motor Company grappled with higher warranty costs.
Representatives for the automaker and Dan Gilbert's real estate firm shared details of their latest plan to get some state funding assistance.
President Trump has slashed a slew of EV-related policies, which could affect many states that have received billions of dollars in investment for electrification, notably Michigan.
State Democrats revised a statement that originally asserted incorrectly that "factories (are) already idling because of Trump’s presidency."
Detroit — The constellation of riverfront ... the largest commercial complex by square footage in Michigan. General Motors Co.'s soon-to-be-former headquarters building is at a similar point ...
The current wave of projects is diverse and includes medical and higher education expansions as well as residential, hospitality and office space.
DETROIT – General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq, as the Detroit automaker targets becoming the top-selling luxury EV brand this year in the U.S.
The future that Bedrock and GM envisions for the iconic Renaissance Center also includes a park modeled off of Chicago's Millennium Park and the removal of the "Berlin Wall-like" structure that cuts off downtown from the riverwalk.
Aptiv, renamed from Delphi Automotive Systems in 2017, was itself spun out as an independent parts supplier from General Motors Co. in 1999 and has the bulk of its $20 billion in annual revenue tied to automotive. That can sting when customers underperform.
General Motors reports its fourth-quarter financial results on Tuesday. Wall Street expects the Detroit automaker earned $1.82 per share on $44.6 billion in revenue. In the third quarter, GM earned $3 billion in profit as its revenue soared 10% to $48.
Both the automaker GM and the real estate developer Bedrock have big plans for the Renaissance Center, the jewel of Detroit's skyline. Officials from both companies outlined what they want to do to the site during the city's policy conference.
But more than money to pay for demolition, the most important ingredient in today’s debate is imagination. Detroiters need to envision what we want and need along our central waterfront, now that the RenCen is close to 90% empty.