GM - General Motors Company

NYSE - NYSE Delayed Price. Currency in USD
34.76
-0.53 (-1.50%)
At close: 4:00PM EST
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Previous close35.29
Open35.30
Bid0.00 x 4000
Ask0.00 x 800
Day's range34.42 - 35.39
52-week range32.97 - 41.90
Volume8,945,950
Avg. volume9,880,986
Market cap49.672B
Beta (5Y monthly)1.34
PE ratio (TTM)7.61
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield1.52 (4.37%)
Ex-dividend date04 Mar 2020
1y target estN/A
  • Motor racing: Holden brand retirement stuns Australian motor sport
    Reuters

    Motor racing: Holden brand retirement stuns Australian motor sport

    The future of Australia's Supercars series is under a cloud following the decision by U.S. auto maker General Motors to scrap the iconic Holden brand that has underpinned the touring car championship for decades. General Motors Co said on Monday it would retire the Holden brand by 2021 as it winds down Australian and New Zealand operations in the latest restructuring of its global business. The move has rocked the V8 Supercars series in which eight of the 13 teams race Holden's Commodore model cars.

  • Financial Times

    GM to exit Australia and New Zealand as part of global overhaul

    The US carmaker said China’s Great Wall Motors had agreed to buy its Thai manufacturing plant, and it would withdraw its Chevrolet brand from Thailand by year-end. “We are restructuring our international operations, focusing on markets where we have the right strategies to drive robust returns and prioritising global investments that will drive growth in the future of mobility, especially in the areas of electric vehicles and autonomous vehicles,” said Mary Barra, GM chief executive and chairman. The moves would incur cash and non-cash charges of $1.1bn, GM said.

  • GM plans to pull out of Australia, New Zealand and Thailand
    Associated Press

    GM plans to pull out of Australia, New Zealand and Thailand

    General Motors decision to pull out of Australia, New Zealand and Thailand as part of a strategy to exit markets that don't produce adequate returns on investments raised dismay Monday from officials concerned over job losses. The company said in a statement Sunday that it plans to wind down sales, engineering and design operations for its historic Holden brand in Australia and New Zealand in 2021. It also plans to sell its Rayong factory in Thailand to China's Great Wall Motors and withdraw the Chevrolet brand from Thailand by the end of this year.

  • General Motors to wind down Australia, New Zealand operations, sell Thai plant to Great Wall
    Reuters

    General Motors to wind down Australia, New Zealand operations, sell Thai plant to Great Wall

    NEW YORK/BEIJING (Reuters) - General Motors Co is retreating from more markets outside of the United States and China, saying on Sunday that it will wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021. It also said China's Great Wall Motor Co Ltd had agreed to buy GM's Thailand car manufacturing plant and an engine factory, a transaction expected to be completed by the end of 2020. In rearranging its global operations, GM is accelerating its retreat from unprofitable markets, becoming more dependent on the United States, China, Latin America and South Korea.

  • A reminder that Tesla follows its own rules: Morning Brief
    Yahoo Finance

    A reminder that Tesla follows its own rules: Morning Brief

    Top news and what to watch in the markets on Friday, February 14, 2020.

  • 5 ETFs Riding on Tesla's Incredible Surge
    Zacks

    5 ETFs Riding on Tesla's Incredible Surge

    Learn more about ETFs that own Tesla

  • Trump budget targets loan program that could help Lordstown
    Associated Press

    Trump budget targets loan program that could help Lordstown

    The Trump administration’s budget proposal scraps a loan program that could help an upstart electric vehicle company’s plans to reuse the now-closed General Motors factory in Lordstown, Ohio. In a summary of the budget for the coming fiscal year, the administration said Monday it wants to eliminate the Advanced Technology Vehicle Manufacturing Loan Program, which was created in 2007 to foster development of fuel-efficient vehicles. Lordstown Motors Corp., a new venture that’s trying to reopen the former Lordstown GM factory east of Cleveland to build electric trucks, is considering asking for a $200 million from the loan fund.

  • Stock Market News for Feb 10, 2020
    Zacks

    Stock Market News for Feb 10, 2020

    Concerns about widespread impact of coronavirus on Chinese and global economy overshadowed stronger-than-expected U.S. jobs report, dragging benchmarks into negative territory on Friday.

  • The Zacks Analyst Blog Highlights: General Motors, Ford, Fiat Chrysler and Tesla
    Zacks

    The Zacks Analyst Blog Highlights: General Motors, Ford, Fiat Chrysler and Tesla

    The Zacks Analyst Blog Highlights: General Motors, Ford, Fiat Chrysler and Tesla

  • GM to restart production in China from Feb. 15
    Reuters

    GM to restart production in China from Feb. 15

    General Motors said on Monday it would restart production in from Feb. 15 in China, where the country is dealing with a coronavirus epidemic which has killed more than 900 people. Automakers in China had halted production for the Lunar New Year holidays at the end of January. The U.S. automaker would have a staggered start to production across plants with local partners over the next two weeks, a company spokeswoman told Reuters.

  • Reuters

    GM to restart production in China from February 15

    General Motors said on Monday it would restart production in from Feb. 15 in China, where the country is dealing with a coronavirus epidemic which has killed more than 900 people. Automakers in China had halted production for the Lunar New Year holidays at the end of January. The U.S. automaker would have a staggered start to production across plants with local partners over the next two weeks, a company spokeswoman told Reuters.

  • Associated Press

    Software glitches force GM to recall pickups for 2nd time

    General Motors is recalling about 162,000 full-size pickup trucks worldwide for a second time because of faulty brake control software that was installed in a recall from last year. Affected are Chevrolet Silverado and GMC Sierra light-duty trucks from the 2019 model year. The Silverado is GM's most popular U.S. vehicle.

  • Why Tesla and Elon Musk are still better investments than Ford
    Yahoo Finance

    Why Tesla and Elon Musk are still better investments than Ford

    Ford has shaken up its top brass. Tesla is still the better investment, one strategist explains to Yahoo Finance.

  • What's Ahead for Detroit 3 Carmakers After a Weak 2019?
    Zacks

    What's Ahead for Detroit 3 Carmakers After a Weak 2019?

    In 2019, revenues, earnings and vehicle sales for each of the Detroit 3 carmakers decline.

  • Tesla, Tesla, Tesla: Where Does The Rally End?
    Zacks

    Tesla, Tesla, Tesla: Where Does The Rally End?

    Tesla, Tesla, Tesla: Where Does The Rally End?

  • Tesla to $7,000: Buy the Launch Abort at $500
    Zacks

    Tesla to $7,000: Buy the Launch Abort at $500

    You just witnessed an epic short-squeeze to $950 as a Falcon Heavy blasted through investors with old metrics.

  • Auto Stock Roundup: GM Beats, F Misses, TSLA & CATL Ink Deal and More
    Zacks

    Auto Stock Roundup: GM Beats, F Misses, TSLA & CATL Ink Deal and More

    While U.S. auto giants General Motors (GM) and Ford (F) post Q4 earnings beat and miss, respectively, Tesla (TSLA) signs a two-year deal with China's battery supplier CATL.

  • Stock Market News for Feb 6, 2020
    Zacks

    Stock Market News for Feb 6, 2020

    Wall Street maintained its northbound momentum for the third straight days driven by hopes that new vaccines will soon come to the market to contain the deadly coronavirus-led infections.

  • Has the Correction in Tesla ETFs Begun?
    Zacks

    Has the Correction in Tesla ETFs Begun?

    Tesla's shares slumped on coronavirus fears. But this could be an entry point to Tesla-rich ETFs.

  • General Motors (GM) Q4 Earnings Top Estimates, Sales Lag
    Zacks

    General Motors (GM) Q4 Earnings Top Estimates, Sales Lag

    General Motors (GM) forecasts 2020 adjusted EPS between $5.75 and $6.25 per share.

  • Australian PM 'angry' at General Motors decision
    Reuters Videos

    Australian PM 'angry' at General Motors decision

    Morrison added that Australian taxpayers put billions into this multinational company. "They let the brand just wither away on their watch," he told reporters in Melbourne. Like Britain, Australia and New Zealand are right-hand drive markets. With sales of GM's Australian Holden brand plummeting, the company could not justify the investment to continue building right-hand drive vehicles. "Tax payers were giving a multi-national extra money, year after year, and at the end of the day they walked away. And I think that says everything you need to know about the success of those sorts of policies," said Morrison.

  • GM to retire iconic Australian Holden brand
    Reuters Videos

    GM to retire iconic Australian Holden brand

    US car giant General Motors is scaling back its operations from unprofitable markets, outside of the United States and the latest car brand to be axed is Australia's Holden brand. GM International Senior Vice President, Julian Blissett made the announcement on Monday. (SOUNDBITE) (English) GM INTERNATIONAL OPERATIONS SENIOR VICE PRESIDENT, JULIAN BLISSETT, SAYING: "And I can confirm to you that GM has taken the very difficult decision to wind down Holden operations in Australia and New Zealand by 2021. This was an agonising decision for us and one that we didn't make lightly or easily. The wind down will take place through this year and will impact all functions with the exception of aftersales." The first Holden car rolled off the production line in 1948 and in its heyday the company employed thousands. But it ceased production three years ago and cut jobs to around 600. For many the news was an emotional moment and Australia's industry minister Karen Andrews captured the mood with her own story: (SOUNDBITE) (English) MINISTER FOR INDUSTRY, SCIENCE AND TECHNOLOGY, KAREN ANDREWS, SAYING: "My first car was a Holden Torana that I bought from from grandfather, so like many Australians Holden has a place in my personal history and Holden is a manufacturer, it is a vehicle that is near and dear to many Australian hearts. So it's disappointing that this is the end of an era." GM also announced that China's Great Wall Motors will buy its Thailand car manufacturing plant. GM says the restructuring of its global business will produce profit margins and represent a "$2 billion" improvement from two years ago. Back in Australia -the news was hard for the government to swallow. (SOUNDBITE) (English) MINISTER FOR INDUSTRY, SCIENCE AND TECHNOLOGY, KAREN ANDREWS, SAYING: "It was only a couple of hours ago that the government was advised that Holden was walking away from Australia and Australians. This is a very disappointing outcome, it's disappointing because there will be several hundred workers that are about to lose their jobs because of this decision." GM said they would continue to support existing Holden customers with spare parts, servicing for at least the next 10 years.