GM to hold Nov. 29 business update after UAW contract deal

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The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing Rights

Nov 21 (Reuters) – General Motors (GM.N) said Tuesday it will hold a Nov. 29 business update following the ratification of new labor agreements in the United States and Canada.

GM CEO Mary Barra and chief financial officer Paul Jacobson will hold a conference call with analysts.

The United Auto Workers union said Monday members had approved a new labor deal through April 2028. The Detroit automaker is also facing mounting troubles at its self-driving unit Cruise that has lost more than $8 billion since 2017, including $728 million lost in the third quarter of this year, according to GM financial disclosures.

Reporting by David Shepardson

Our Standards: The Thomson Reuters Trust Principles.

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