|Bid||37.75 x 900|
|Ask||37.76 x 900|
|Day's range||37.56 - 38.06|
|52-week range||30.56 - 41.90|
|Beta (3Y monthly)||1.25|
|PE ratio (TTM)||5.99|
|Earnings date||29 Oct 2019|
|Forward dividend & yield||1.52 (3.98%)|
|1y target est||48.17|
A General Motors offer to invest $7 billion in U.S. facilities includes $2 billion from joint ventures and suppliers for new plants that would pay workers less than the top union wage, a person briefed on the matter said. The offer is a major issue that could get in the way of a deal between the United Auto Workers and the company to end a nationwide strike, now in its fourth day. About 49,000 UAW workers have been on picket lines since Monday in a contract dispute about wages, health care costs, profit sharing, job security and other issues.
While top U.S. auto giants General Motors (GM) and Ford (F) issue vehicle recalls recently, recreational vehicle manufacturer Winnebago Industries (WGO) inks a deal to buy Newmar.
Tesla's (TSLA) Gigafactory 3 in China is set to begin production in the next few months and ramp up to normal production levels in mid-2020.
The strike against General Motors by the United Auto Workers is playing out amid a corruption scandal inside the UAW that has caused distrust of the union leadership among many rank-and-file members. On picket lines at plants across the country, many of the 49,000 workers have expressed doubts about whether UAW leaders are acting in their best interests in the dispute and in their handling of union money in general. The walkout began Monday, with UAW members saying they want a bigger share of the billions that the No. 1 U.S. automaker has made off their hard work since it emerged from bankruptcy a decade ago with the help of union concessions.
Google is up against a lot of scrutiny from U.S. regulators, which overshadows its legal win in Germany, self-driving prowess and strategic wins at traditional automakers.
With around 48,000 workers picketing at General Motors' factories, this marks the first major stoppage at the company in the last 12 years.
Automaker stocks have seen mixed performances in September. While Ford, General Motors, Tesla, and Fiat Chrysler have risen, Ferrari has declined.
A United Auto Workers official says about seven to nine union picketers were arrested for blocking a roadway at a General Motors plant in Tennessee. Local UAW Chairman Mike Herron said the arrests came Wednesday at the Spring Hill plant after authorities asked the protesters multiple times to get out of the road. The strike by 49,000 United Auto Workers against General Motors is starting to affect production in other countries.
General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday. The UAW on Monday launched the first company-wide strike at GM in 12 years, saying negotiations toward a new national agreement covering about 48,000 hourly workers had hit an impasse. This year's talks between the union and GM, Ford Motor Co and Fiat Chrysler Automobiles NV (FCA) were expected to be tough, with thorny issues such as healthcare costs, profit-sharing and the use of temporary workers on the table.
The news is all over the financial front pages: General Motors (GM) is facing its first large-scale strike since 2007, and shareholders aren’t too pleased.
The White House is not involved in contract talks with General Motors Co and the United Auto Workers union, aimed at ending a nationwide strike that began late on Sunday, a White House spokesman and GM said. "The Trump Administration, including Larry Kudlow and Peter Navarro, are not involved in the negotiations between the UAW and GM," said White House spokesman Judd Deere.
The length of time that General Motors (GM) workers remain on strike, which entered day two on Tuesday, is key to determining its economic effects.
Tesla (TSLA) is one step closer to producing China-made Tesla Model 3s through its China Gigafactory, also known as its Gigafactory 3.