general motors

Barclays Takes Over Goldman’s GM Credit Card Portfolio
Barclays Takes Over Goldman’s GM Credit Card Portfolio
October 14, 2024  |  Credit Cards

Barclays US Consumer Bank will become the exclusive issuer of General Motors’ GM Rewards Mastercard and GM Business Mastercard in the United States in the...

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Goldman Sachs CEO Says Exit From Credit Partnership No ‘Messier’ Than Expected
Goldman Sachs CEO Says Exit From Credit Partnership No ‘Messier’ Than Expected
September 11, 2024  |  Banking

Goldman Sachs CEO David Solomon reportedly said Wednesday (Sept. 11) that the bank’s exit from its credit partnership with General Motors is no “messier” than it expected....

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Goldman Takes $400M Hit From Consumer Loans
Goldman Takes $400M Hit From Consumer Loans
September 10, 2024  |  Banking

Goldman Sachs and Barclays are seeking a deal on Goldman’s $2 billion portfolio of loans made to General Motors customers. The deal, if it goes through,...

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Report: Goldman Sachs Struggles as It Tries to Exit GM Card
Report: Goldman Sachs Struggles as It Tries to Exit GM Card
September 10, 2024  |  Credit Cards

Goldman Sachs this week reported losses related to its Main Street lending business. The banking giant has been pulling away from the credit card lending...

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75% of Automakers Plan to Integrate GenAI Into Vehicles This Year
75% of Automakers Plan to Integrate GenAI Into Vehicles This Year
September 05, 2024  |  artificial intelligence

Generative AI is revolutionizing the automotive industry, pushing the boundaries of vehicle design, manufacturing and customer experience. The technology, which harnesses advanced algorithms to create...

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Report: General Motors Hires Apple Veteran Tim Twerdahl
Report: General Motors Hires Apple Veteran Tim Twerdahl
August 27, 2024  |  Personnel

General Motors (GM) has reportedly hired former Apple leader Tim Twerdahl as vice president of product management for the automaker’s software services group. Twerdahl will report...

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Do GM Layoffs Signal a Speed Bump for Connected Cars?
Do GM Layoffs Signal a Speed Bump for Connected Cars?
August 20, 2024  |  Connected Economy

Layoffs signal that a company is changing strategies, pulling back … maybe the market demand is not there that had been anticipated. In the wake...

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GM Streamlines Software and Services Unit, Lays Off 1,000
GM Streamlines Software and Services Unit, Lays Off 1,000
August 19, 2024  |  Personnel

General Motors laid off over 1,000 salaried employees in Software and Services, its division focused on infotainment, OnStar, subscriptions and other emerging features. The employees...

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Automakers, Carvana Report Mixed Q2 Results Amid Tech and Market Shifts
Automakers, Carvana Report Mixed Q2 Results Amid Tech and Market Shifts
August 02, 2024  |  Earnings

In the automotive industry, Q2 2024 brought a blend of triumphs and trials for the major players. As traditional automakers and innovative disruptors alike navigate...

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