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General Motors beats quarterly results targets, raises forecast

DETROIT (Reuters) -General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles, sending shares up 4.9% in pre-market trading. “Our consumer has been remarkably resilient in this period of higher interest rates,” GM Chief Financial Officer Paul Jacobson said. Despite the company's struggles in China and with electric vehicles, strong vehicle pricing with gasolin...
United States Nora Eckert Peter Henderson Mary Barra Paul Jacobson Matthew Lewis
Source: yahoo.com

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UAW hopeful of watershed union victory at Volkswagen Tennessee factory

The United Auto Workers is counting on scoring a seismic victory at Volkswagen's Tennessee plant as unionization votes are tallied on Friday - one that opens up the anti-union U.S. South to organized labor. A win would make the Chattanooga factory the first auto plant in the South to unionize via election since the 1940s and the first foreign-owned auto plant in the South to do so. It would also be a huge shot in the arm for UAW President Shawn Fain's campaign to unionize plants owne...
United States Nora Eckert Joe Biden Peter Henderson Edwina Gibbs Harley Shaiken
Source: yahoo.com

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