For Ford and GM, the Focus Is Now on Cash Over Cars

United States News News

For Ford and GM, the Focus Is Now on Cash Over Cars
United States Latest News,United States Headlines
  • 📰 WSJ
  • ⏱ Reading Time:
  • 2 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

GM suspended its dividend, joining rival Ford, as both auto makers scramble to hoard cash, hoping to ride out the pandemic

As plans emerge to reopen parts of the U.S. economy, a new WSJ/NBC News poll shows the majority of Americans think it will be a long time before the economy can return to normal. WSJ’s Gerald F. Seib explains.

Photo: G. Ronald Lopez/ZUMA Wire
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GM, Ford and Fiat Chrysler target May 18 U.S. restart date: WSJGM, Ford and Fiat Chrysler target May 18 U.S. restart date: WSJGeneral Motors Co , Ford Motor Co and Fiat Chrysler Automobiles NV are targeting May 18 to resume some production at their U.S. factories after shutting down plants in March due to the coronavirus outbreak, the Wall Street Journal reported.
Read more »

GM CEO Barra's pay dipped to $21.6 million in 2019GM CEO Barra's pay dipped to $21.6 million in 2019General Motors Co Chief Executive Officer Mary Barra received a compensation package worth $21.6 million in 2019, 1.1% less than the previous year, according to the U.S. automaker's proxy statement released on Monday.
Read more »

GM suspends dividend, share buybacks as coronavirus hits salesGM suspends dividend, share buybacks as coronavirus hits salesGeneral Motors Co said on Monday the automaker has suspended its quarterly cash dividend on its common stock and its share buybacks to save cash in the face of the coronavirus crisis that has severely hurt global automobile sales.
Read more »

For GM employees building ventilators on COVID-19's front lines, their work is actually saving themFor GM employees building ventilators on COVID-19's front lines, their work is actually saving them
Read more »

General Motors suspends its quarterly dividend to help navigate around coronavirus uncertainty (GM) | Markets InsiderGeneral Motors suspends its quarterly dividend to help navigate around coronavirus uncertainty (GM) | Markets InsiderGeneral Motors on Monday announced it was suspending its quarterly cash dividend on its common stock to help navigate around coronavirus uncerta...
Read more »

Chicago Bulls set to make Marc Eversley first black GM in Team's historyChicago Bulls set to make Marc Eversley first black GM in Team's historyThe Sixers' senior vice president of player personnel becomes the latest addition to the Bulls' front office overhaul.
Read more »



Render Time: 2025-02-28 13:03:07