Wow. GM sure is being surprisingly muted over this emissions thing, given that every other storyline is about another class action snake pit "investigating" the situation.
Not silent about it, but surprisingly muted.
All diesels are dirty They pollute big time. GM will pay big fines pumpers. Sell Sell Sell.
If this lawsuit against GM is frivolous, I hope GM goes on the offense, as well A's GM and shareholders if this is nothing but a veiled frivolous attempt to get cash out of GM. After watching auto sector Phil LeBeau's coverage yesterday on CNBC citing the law firm hadn't returned phone calls after GM strongly denied the allegations, it raised my own doubts over the validity as we'll.
GM still underwater 8 years after IPO Keep up the good work.
GM sells 10 million cars and TSLA sells 60k, it's worth more money than GM? Talking about stupid..
$GM Shareholders - THINK BIG... On April 5th, 2017, AMAZON made a big move to CONVERT their energy power source to HYDROGEN Fuel Cells from $PLUG POWER. Just below is an article I wrote on the subject. I am an Individual Investor buying & holding $PLUG POWER Shares - and NOBODY has paid me to write this article. Also, I have linked an article that was written today, May 24th, 2017, on the subject of why AMAZON is investing $600 Million into $PLUG POWER's products and services - to vest a 23% stock ownership in $PLUG POWER shares.
Amazon has signed a multiple year agreement to invest $600 Million in Cash Payments into small cap $PLUG Power's Products/Services to vest a 23% stock ownership in $PLUG Power shares. $600 Million is more than six (6) times the annual revenues of $PLUG in 2016. $70 Million in revenues are projected in 2017 from Amazon.
Important to note: The prior approximate $50 Million Order from Walmart did not include a stock ownership incentive of 23% when $600 Million of $PLUG Power's Products/Services are paid for in "Cash". In contrast, purchases were financed. And, there was no "Technology Collaboration" with Walmart to expand the number of applications for the ProGen Engines. The future "refinancing" of the Walmart business should be announced soon per a prior $PLUG Power Conference Call.
In my view, the marketplace, is still coming to grips with the largest internet retailer in the world, Amazon, agreeing to invest $600 Million into $PLUG to get a significant 23% stock ownership, and "Technology Collaboration" with $PLUG Power. Investors that do their due diligence research will conclude that $PLUG Power shares are significantly undervalued based upon truly "massive" forward growth. I predict a rapid move higher in $PLUG shares to the $4.00 to $5.00 range following this far-reaching Amazon transaction.
The "Technology Collaboration" between Amazon and $PLUG Power is to expand the number of applications for the ProGen Engine. This "Technology Collaboration" with Amazon will likely create new revenue streams. $PLUG Power's Hydrogen Fuel Cells have the advantages of: Faster refueling and longer run times. Important to Note: The $PLUG Power ProGen Engine is currently being tested by FedEx Express Delivery Vans to confirm that the mileage range is literally "doubled" from 80 to 160 miles.
Per the recent $PLUG Power Conference Call to update the new, multifaceted relationship with Amazon, CEO Mr. Andy Marsh noted that $PLUG Power has been in talks with Amazon for the past year. It was only recently, during the last quarter of 2016, that Amazon began testing $PLUG Power's Hydrogen Fuel Cells at an Amazon Distribution Center. Obviously, after seeing the faster refueling and longer run times, Amazon agreed to the multi-year $600 Million Contract - and the "Technology Collaboration".
Both Amazon and Walmart are the 2 largest customers that could possibly use Hydrogen Fuel Cells. And, both are now $PLUG customers. Both Amazon and Walmart have 371 and 158 Distribution Centers respectively, located worldwide. Following the signing of Walmart, the publicity exposure allowed for many additional Fortune 500, large-size customers to get signed including Home Depot, Kroger, P&G, BMW, Mercedes Benz, Volkswagen, Honda, Nike, Uline, Bridgestone, Ace Hardware, etc. I expect that additional new customers will be added following the publicity surrounding the new Amazon multi-year contract and technology collaboration.
It should be noted that Carrefour Group, the 2nd largest consumer retailer in the world after Walmart, and the largest European Retailer, is also a new customer, signed on last year. Per a recent Conference Call, the $PLUG CEO disclosed that Carrefour plans to expand into 17 new Distribution Centers during the next three (3) years. Also, $PLUG Power has signed on Home Depot and started making conversions. Similar to Walmart, Home Depot has approximately 100 Distribution Centers located within the USA to be converted - which provides yet another runway for truly "massive" growth.
During the Amazon Update Conference Call, the CEO of $PLUG confirmed that the first ProGen Engines were "shipping to China". Per a prior Press Release, this ProGen Engine deal with the Chinese customer was for 500 units initially, then expanding to 13,500 units. Important to note: There are thousands of Delivery Vehicle Fleet Operators that would love to "double" their mileage range, thereby lowering operating costs significantly and increasing productivity in an era in which same-day deliver is in demand.
$PLUG jumped higher by 70%+ when AMAZON agreed to invest $600 Million on April 5, 2017. And, soon thereafter, $PLUG tapped the equity market to be able to fund the truly "massive" growth ahead.
I believe that an investment in $PLUG today, after a pullback due to the minimal diluting to fund the massive growth ahead, will allow an investor to participate in a "pure play" Hydrogen Fuel Cell company. As an "Energy" investor, $PLUG Power has all the distinct advantages of an "energy" company with multiple revenue streams spread out across multiple industries and geographies.
Disclosure: Buying & Holding $PLUG Shares
Why Amazon Invested in Plug Power
Last month, online giant Amazon inked a deal with alternative energy company Plug Power.
Wonder how many mos it took to find those 2 truck owners so those lawyers could sue. Where are those devices or software they claim to have?
GM SAYS CLAIMS ARE FALSE
So many used cars flooding the market with so few buyers, Prices are dropping and car companies cant make a profit. The leased cars now sit on dealers lots. Who will buy these cars at these high prices, someone will lose.
Not A Short
This is disturbing news about the diesels makes it hard to hold a large position in GM. If GM is really innocent they should hire a reputable outside testing company to confirm they comply.
The value GM represented was compelling prior to this news. I had made it my largest holding (by far). I sold the majority on my position today though I will revisit once this issue is addressed.
This really sucks
Interesting that we have seen nada from the EPA. Ambulance chasing lawyers
Someone dump about 7 million shares after 11 AM. Manipulating the stock before the June meeting
Shorts will be looking to get your shares. Over 56 mill shares short and many will want to cover or again pay us our divi. Put all sell orders much much higher. Why does GM trade at such a discount to most other automakers? GM ridiculously cheap at this level.
FAKE news manipulations defamation money money money unfortunately this is happening in society
GM had a 56% of all cars sold in North America in 1960! Today GM has a 17% of the market! I guess Pontiac, Oldsmobile Geo Saab Hummer Saturn were cars GM could not make money on. Keep up the job of keep getting smaller. From number one for 70 years to number 6 or 7 ten years later.; No Europe Russia South Africa India or Australia as GM keeps getting smaller as other car companies eat GM shares. Maybe GM needs to make better cars. .
A politician running for office picks up a news reporter by the neck and body slams him, victory in Montana today.
This year looks like Lincoln will outsell Cadillac as GM keeps selling less and less of them. I would buy a Mercedes over a caddy any day of the week over a overprice more expensive Cadillac! GM should think but that is something GM lets other car companies do instead!
Chevy Car of the Year 1971 Chevy Vega! Gm wins so many awards that make no sense!
posted by jeye I sadly remember pumping GM all the way to bankruptcy in 2008. I was calling GM a strong buy when it was under $5 a share. When it went bankrupt I hid from the message board for two weeks then I switched my shilling to a strong buy on GM vehicles not the stock. The day GM declared bankruptcy I sat in the same adult undergarment for a week. It was the worst week in my life. Even worse than when my mother died. GM means more to me than my own mother.
So, Is $30/share a Good Entry Point for GM or should I wait till it Falls More. I figure next Friday all the Damage will be In from Diesel tailgate. What do you think?