GM - General Motors Company
| Previous close | 25.73 |
| Open | 25.59 |
| Bid | 0.00 x 1400 |
| Ask | 25.24 x 2900 |
| Day's range | 25.06 - 25.62 |
| 52-week range | 14.33 - 41.90 |
| Volume | 10,174,771 |
| Avg. volume | 16,320,061 |
| Market cap | 35.963B |
| Beta (5Y monthly) | 1.42 |
| PE ratio (TTM) | 7.71 |
| EPS (TTM) | 3.26 |
| Earnings date | 29 Jul 2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 05 Mar 2020 |
| 1y target est | 36.94 |
- Reuters
U.S. probes fuel leaks in GM's older Chevy Cobalt and HHR vehicles
The National Highway Traffic Safety Administration (NHTSA) said the investigation, which was opened on Sunday, covers more than 614,000 vehicles from 2008 to 2010 model years. "The fuel leaks are the result of corrosion of the metal fuel lines underneath the vehicle towards the rear and in the vicinity of the left rear wheel well," the regulator said after it received 208 complaints of fuel leaks from vehicle owners.
- Reuters
U.S. appeals court rejects GM's call to remove judge from Fiat Chrysler lawsuit
The Sixth U.S. Circuit Court of Appeals said U.S. District Judge Paul Borman abused his discretion by requiring GM CEO Mary Barra and FCA's head, Mike Manley, to meet face-to-face for reasons unrelated to the case, and without taking into account the risks of travel during the COVID-19 pandemic. The district judge's order for the parties to report back to the court in only eight days was also unwarranted, the appeals court said.
- Associated Press
Court overturns order to have GM, Fiat Chrysler chiefs meet
An appeals court on Monday said the CEOs of General Motors and Fiat Chrysler don't have to meet to settle a lawsuit between the two automakers. The court overturned an extraordinary decision by a federal judge in Detroit who had ordered GM's Mary Barra and FCA's Mike Manley to get together and settle a dispute over FCA's alleged role in corruption by union leaders. The appeals court said U.S. District Judge Paul Borman abused his discretion by singling out Barra and Manley and setting other conditions.
- Zacks
Auto Stock Roundup: General Motors' $223M Contract, Ford-Disney Pact & More
While General Motors' (GM) defense arm secures contracts worth $223 million to manufacture infantry squad vehicle, Ford (F) ties up with Disney for the launch of its Bronco SUV.
- Motley Fool
Q2 Sales Plummet at GM and Ford as Coronavirus Takes a Toll
U.S. automakers have been squeezed this year by a combination of falling demand because of the weak economy and supply constraints because of coronavirus-related plant shutdowns. GM and its dealers delivered 492,489 vehicles in the U.S. during the second quarter: down 34% year over year. All four of its brands posted sales declines in excess of 30%, including a 41.4% drop at Cadillac, which was hurt by a soft luxury vehicle market.
- Oilprice.com
How Tesla Became More Valuable Than Exxon
Tesla shares have soared to new record highs this week, with the company now more valuable than ExxonMobil – one of the largest oil companies on earth
- Reuters
GM's China sales drop 5% in second quarter, underperforms industry recovery
General Motors Co's <GM.N> vehicle sales in China dropped 5.3% between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world's biggest auto market. China's overall figure, which includes passenger and commercial vehicles, rose 4.4% in April and 14.5% in May, said the China Association of Automobile Manufacturers (CAAM), adding that it expected auto sales to grow 11% in June. GM, China's second-biggest foreign automaker after Volkswagen AG <VOWG_p.DE>, delivered 713,600 vehicles in the country in the second quarter, the company said in a statement, after reporting a drop of 43% in sales in the first quarter, due to the pandemic.
- Yahoo Finance
'It's Tesla's world and everyone else is paying rent': analyst
Here's why Tesla's stock continues to be on fire.
- Zacks
U.S. Auto Sales Fail to Recover in Q2: More Pain Ahead?
Moody's forecasts global auto sales decline of at least 20% year over year in 2020, with major impacts to be felt in North America and EMEA.
- Zacks
General Motors Clinches $223M Lucrative U.S. Army Contract
General Motors' (GM) latest contract is for the first batch of 649 such vehicles, while the overall approved requisition objective is for 2,065 vehicles over the next decade.
- AFP
Tesla becomes richest auto group as Detroit giants see sales drop
Tesla engineered its latest coup Wednesday, becoming the world's richest car company while two of Detroit's old guard, General Motors and Fiat Chrysler, reported sagging auto sales amid the coronavirus pandemic. Led by Elon Musk, Tesla has seen ups and downs but its shares have risen steadily since late 2019 as it met key production targets for its Model 3 car, with the automaker topping Japan's Toyota in market valuation. The lower sales at two of Detroit's "Big Three" were largely due to the coronavirus pandemic, which depressed auto demand during the quarter and prompted a nearly two-month shutdown of US auto production.
CNW GroupLinamar Corporation Recognized by General Motors as 2019 Overdrive Award Winner and 2019 Supplier of the Year
GUELPH, ON , July 1, 2020 /CNW/ - Linamar Corporation (LNR.TO) was named GM Overdrive Award Winner during a virtual ceremony honoring the recipients of the company's 28th annual Supplier of the Year awards on Wednesday, June 24, 2020 . GM's Overdrive Award, introduced in 2012, recognizes supplier partners for extraordinary leadership in cultural change and commitment initiatives that drove exceptional business results for GM. Linamar Corporation was named one of four 2019 Overdrive Award winners.
- GlobeNewswire
Gentex Recognized by General Motors as a 2019 Supplier of the Year Winner
Gentex Corporation (NASDAQ:GNTX) was named a GM Supplier of the Year by General Motors during a virtual ceremony honoring the recipients of the company’s 28th annual Supplier of the Year awards on Wednesday, June 24, 2020. During the event, GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created outstanding value or introduced innovations to the company. The awards ceremony was originally scheduled as a live-event to be held in March but was postponed due to the impact of the COVID-19 pandemic.
- Reuters
GM should repay $60 million in state tax credits: Ohio AG
Ohio Attorney General Dave Yost said Tuesday that General Motors Co should repay $60 million in state tax credits after it closed its Lordstown Assembly plant in March 2019. In a brief to the Ohio Tax Credit Authority, Yost said GM in 2009 agreed to maintain operations at its northeast Ohio plant through 2028 and retain 3,700 jobs through 2040 in exchange for the credits. "We demand the money that is rightfully owed to Ohio – no more, no less," Yost said in a statement.
- Reuters
GM must repay $60 million in state tax credits, Ohio AG says
Ohio Attorney General Dave Yost said Tuesday that General Motors Co should repay $60 million in state tax credits after it closed its Lordstown Assembly plant in March 2019. In a brief to the Ohio Tax Credit Authority, Yost said GM in 2009 agreed to maintain operations at its northeast Ohio plant through 2028 and retain 3,700 jobs through 2040 in exchange for the credits. "We demand the money that is rightfully owed to Ohio – no more, no less," Yost said in a statement.
- Reuters
Slumping fleet sales weigh on U.S. auto market
Weak fleet orders are expected to hurt June sales, which automakers will report on Wednesday. Cox Automotive forecasts fleet sales will fall nearly 56% to 1.3 million vehicles after plunging 83% in May and 77% in April. In the short term, fleet sales are not a major concern for automakers focused on ramping up production to beef up anemic dealer inventories for higher-profit sales to consumers.
- Reuters
U.S. appeals court stays order requiring GM, FCA meet to resolve GM lawsuit
A U.S. appeals court on Monday stayed a lower court's order requiring officials from General Motors Co and Fiat Chrysler Automobiles to resolve GM's racketeering lawsuit. "In order to provide sufficient time to consider the matters raised in GM’s petition, and having considered the relevant factors, we conclude that a temporary stay is appropriate," the Sixth Circuit Court of Appeals said in a court filing. GM said in a statement that it looked forward to the appeals court's review and decision.
- Associated Press
Appeals court delays meeting between GM, Fiat Chrysler CEOs
Three federal appeals judges have delayed a court-ordered meeting between the CEOs of General Motors and Fiat Chrysler to try to settle a lawsuit over corruption by union leaders. U.S. District Court Judge Paul Borman last week ordered GM CEO Mary Barra and FCA CEO Mike Manley to hold the meeting before July 1.
- Reuters
GM seeks U.S. appeals court ruling to continue legal fight with Fiat Chrysler
General Motors Co <GM.N> on Friday asked a U.S. appeals court to allow it to continue pursuing its civil racketeering suit against rival Fiat Chrysler Automobiles NV <FCAU.N> <FCHA.MI>, rejecting a lower court judge's belittling of the complaint. The automaker's filing with the Sixth Circuit Court of Appeals comes less than a week after U.S. District Court Judge Paul Borman called GM's suit against Fiat Chrysler a "waste of time and resources" at a time when both automakers should be focused on surviving the coronavirus pandemic. Borman ordered GM Chief Executive Mary Barra and Fiat Chrysler CEO Mike Manley to meet by July 1 to negotiate a resolution.
- Associated Press
GM wants judge removed in legal fight with Fiat Chrysler
General Motors asked a federal appeals court Friday to overturn an order that requires its CEO to meet with the head of Fiat Chrysler by next week to try to settle a lawsuit related to corruption by union leaders. GM also asked the appeals court to remove U.S. District Judge Paul Borman from the case. GM is suing crosstown rival FCA alleging that it got an advantage by paying off union leaders to reduce labor costs during contract talks.
- Zacks
2020 J.D. Power Quality Scorecard Out: Who Wins, Who Loses?
While Dodge and Kia hold the top positions in the influential 2020 J.D. Power Quality Survey, Tesla takes the last spot.
- Yahoo Finance
Ford COO: New F-150 pickup truck essential to carmaker's future
Ford looks for a U-turn in its financials with the introduction of the newly redesigned F-150.
- GlobeNewswire
Gentherm Recognized by General Motors as a 2019 Supplier of the Year Winner
During the event, GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created outstanding value or introduced innovations to the company. The awards ceremony was originally scheduled as a live-event to be held in March but was postponed due to the impact of the COVID-19 pandemic. This is the first time Gentherm has received the award.
- Yahoo Finance
Ford F-150: America’s favorite pickup gets much-needed updates to take on the Ram 1500
The automaker unveiled the all new version of America’s top selling vehicle at an online event on Thursday night, claiming the new all F-150 is targeting the most “towing, payload, torque and horsepower of any light-duty full-size pickup,” all the while providing a completely new interior and technology package, updated exterior styling, and productivity tools like an integrated power generator, and tailgate that doubles as a workbench.
ReutersElectric vehicle startup to unveil truck at former GM Ohio auto plant
Lordstown Motors Corp is showing its planned electric pickup truck at an event on Thursday as the startup seeks to begin producing vehicles at a former General Motors factory in northeastern Ohio. Lordstown Motors, which hopes to start delivering the electric pickup to customers by January 2021, will face significant competition from other automakers. Also on Thursday, Goodyear Tire & Rubber Co announced a strategic relationship with Lordstown Motors and said it would acquire new Endurance vehicles for its fleet.
