Core Points - Ecopetrol S.A. announced that its shareholders approved an amendment to its bylaws during an extraordinary General Shareholders' Meeting held on November 11, 2025 [1] - The meeting was convened in compliance with legal and statutory requirements, and the proposed agenda was approved [2][1] - Germán Ávila, Minister of Finance and Public Credit, was appointed as Chair of the Meeting [3][1] - The Elections and Voting Committee and the Committee for Review and Approval of the Minutes were both approved and appointed [4][5] - The amendment to the bylaws was approved and will be formalized and filed with the commercial registry in Colombia [6][1] Voting Results - The voting results for the agenda items showed overwhelming support, with the approval of the agenda receiving 99.9999% positive votes [7] - The appointment of the Chair received 99.9999% positive votes, while the Elections and Voting Committee and the Committee for Review and Approval of the Minutes received approximately 99.967% positive votes [7] - For the amendment to Ecopetrol's bylaws, the majority shareholder's proposal received 91.1434% positive votes, while the alternative proposal received 0.0329% [7] Company Overview - Ecopetrol is the largest company in Colombia and a major integrated energy company in the Americas, employing over 19,000 people [8] - The company is responsible for more than 60% of Colombia's hydrocarbon production and holds leading positions in petrochemicals and gas distribution [8] - Ecopetrol has expanded its operations internationally, with interests in the United States, Brazil, Chile, Peru, and Bolivia, including drilling and exploration operations and power transmission [8]

Group 1: General Motors (GM) - General Motors has directed thousands of its suppliers to remove components sourced from China, aiming for a complete relocation away from China by 2027 [5] - The initiative began in late 2024 and is accelerating due to rising tensions between the U.S. and China, with GM preferring to source parts from North American factories but open to suppliers outside the U.S. as long as they exclude China [6] - The transition is challenging as many parts GM relies on, such as lighting, electronics, and battery materials, are dominated by China [7] Group 2: Advanced Micro Devices (AMD) - AMD's CEO updated the total addressable market for AI data centers, projecting it to reach $1 trillion by 2030, up from a previous estimate of $500 billion [8] - The CEO emphasized that the pace of change in AI is unprecedented, with companies expressing a strong need to invest in AI infrastructure, indicating insatiable demand [9] - AMD's gross margins are expected to range between 55% and 58%, which is better than previously forecasted [10] Group 3: Alphabet (Google) - Google is facing a lawsuit accusing it of using its Gemini AI assistant to unlawfully track private communications of Gmail users and others [10] - The lawsuit claims that Google secretly activated Gemini for all applications in October, allowing it to collect private data without user consent [11] - Users can deactivate Gemini, but they must navigate through Google's privacy settings to do so, otherwise, Google can access the entire recorded history of users' private communications [12]

Group 1: General Motors (GM) - General Motors has directed thousands of its suppliers to remove components sourced from China, targeting a complete relocation away from China by 2027 [5] - The initiative began in late 2024 and is accelerating due to rising tensions between the U.S. and China, with GM preferring to source parts from North American factories but open to suppliers outside the U.S. as long as they exclude China [6] - The transition is challenging as many parts GM relies on, such as lighting, electronics, and battery materials, are still dominated by China [7] Group 2: Advanced Micro Devices (AMD) - AMD's CEO updated the total addressable market for AI data centers, projecting it to reach $1 trillion by 2030, up from a previous estimate of $500 billion [8] - The CEO emphasized that the pace of change in AI is unprecedented, with companies expressing a strong need to invest in AI infrastructure, indicating insatiable demand [9] - AMD's gross margins are expected to range between 55% and 58%, which is better than previously forecasted [10] Group 3: Alphabet (Google) - Google is facing a lawsuit accusing it of using its Gemini AI assistant to unlawfully track private communications of Gmail users and others [10] - The lawsuit claims that Google "secretly" activated Gemini for all applications in October, allowing it to collect private data without user consent [11] - Users can deactivate Gemini, but they must navigate through Google's privacy settings to do so, otherwise, Google can access the entire recorded history of users' private communications [12]

Core Viewpoint - General Motors is urging thousands of suppliers to find alternatives to materials and components sourced from China, aiming to completely shift its supply chain outside of China by 2027, with initial directives given as early as the end of 2024 [1][3]. Group 1: Supply Chain Strategy - General Motors has been executing risk mitigation strategies for supply chain stability since the pandemic, which is not specifically targeted at China or any particular region [1]. - The company has emphasized a "local sourcing, local production" principle, particularly in its joint ventures like SAIC-GM [1][4]. Group 2: Challenges in Supply Chain Transition - The transition away from Chinese suppliers is complicated and costly, as China has established a dominant position in certain automotive supply chain sectors, such as lighting, electronics, tools, and molds [3]. - Industry experts indicate that the deep-rooted nature of China's supply chain network, developed over two to three decades, makes it unrealistic for companies to find alternatives within a few years [4]. Group 3: Impact of Trade Policies - The U.S. government's tariffs and restrictions under the Trump administration have pressured automakers like General Motors to reduce reliance on Chinese components, prompting a shift in supply chain strategies [3].

Group 1 - General Motors announced leadership changes, with Steve Hill appointed as the Senior Vice President of Global Export and Retail Innovation starting December 1, and John Roth succeeding him as the President of General Motors China [1] - During his tenure as President of General Motors China, Steve Hill played a crucial role in the company's recovery in the Chinese market, leading to consecutive profitability over four quarters and a year-on-year increase in both sales and market share in Q3 2025 [2] - Hill's strategies included optimizing business operations, enhancing local team authority, and advancing the transition to electric vehicles, while also leveraging production capacity in China for global exports [2] Group 2 - John Roth, the incoming President of General Motors China, has a strong background in global markets, having led Cadillac to regain its reputation and achieve significant sales growth [3] - Roth's extensive experience at General Motors since 1991 includes various roles in sales and marketing, which positions him well to enhance General Motors China's importance in the global market [5] - Rory Harvey, Executive Vice President and Global Market President, emphasized Roth's leadership experience and successful business outcomes as key factors for driving sustainable growth in China [5]

Core Insights - General Motors announced leadership changes to support the recovery of its business in the Chinese market and to promote global export growth [1] Group 1: Leadership Changes - Effective December 1, Steve Hill will take on the newly established role of Senior Vice President of Global Export and Retail Innovation, leveraging GM's global manufacturing network and distribution channels to accelerate export growth [1] - John Roth, currently the Global Vice President of Cadillac, will succeed Steve Hill as Senior Vice President and President of GM China, having led Cadillac to become the fastest-growing luxury brand and the top-selling luxury electric vehicle brand [1][2] - Rory Harvey, GM's Executive Vice President and President of Global Markets, emphasized Hill's deep understanding of global operations and extensive experience in sales, marketing, and after-sales service as key factors for success in his new role [1] Group 2: Performance and Strategy - Under Hill's leadership, GM China achieved profitability for four consecutive quarters and was the only global automaker to gain market share this year [1] - Hill highlighted significant growth in the export business of GM's joint ventures, particularly with SAIC-GM-Wuling, contributing to GM's international market profitability and future growth potential [2] - Roth expressed his commitment to driving business transformation in China, recognizing it as one of the most dynamic and competitive markets globally [3]

General Motors (GM) has instructed several thousand of its suppliers to remove Chinese parts and materials from their supply chains, four people familiar with the matter said, Reuters reported. The mo... ...

Supply Chain Strategy - General Motors (GM) has instructed its suppliers to remove components sourced from China from their supply chains [1] - The ultimate goal is for GM to completely move its supply chain out of China to avoid geopolitical disruptions [1] - GM has set a deadline of 2027 for some suppliers to end procurement relationships with China [1] - The directive was initially issued in 2024 and has become more urgent due to escalating US-China trade tensions [1] Leadership Change - John Roth, Cadillac Global Vice President, has been appointed as President of General Motors China [1]

By Mike Colias DETROIT (Reuters) -General Motors has directed several thousand of its suppliers to scrub their supply chains of parts from China, four people familiar with the matter said, reflecting automakers’ growing frustration over geopolitical disruptions to their operations. GM executives have been telling suppliers they should find alternatives to China for their raw materials and parts, with the goal of eventually moving their ​supply chains out of the country entirely, the people said. The auto ...

Core Insights - Marks & Spencer is revamping its supply chain from "factory to floor" to enhance efficiency and responsiveness in its operations [1] - The retailer aims to double its annual online non-food sales to nearly £3 billion (approximately $4 billion) [1] Group 1 - The new fashion boss of Marks & Spencer emphasized the importance of supply chain transformation in achieving sales targets [1] - The initiative is part of a broader strategy to improve the company's online presence and sales performance [1]