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There are a number of new cab, engine and transmission configurations.
A strike that began Sunday at a Canadian General Motors Co plant is having a ripple effect, with the company temporarily laying off workers at three parts facilities on Thursday. A spokesman for Canada’s Unifor union, which represents workers at a General Motors transmission factory in Ontario, said 255 of the 350 employees would be laid off temporarily. Additional workers at two U.S. engine plants, in Spring Hill, Tennessee, and the Flint Engine Operations in Michigan would also be affected temporarily, a GM spokesman said.
Shares of U.S. auto giant General Motors (GM) have been on a run since mid-May, rising almost 29% since hitting a 52-week low of just over $30 a share. Morgan Stanley’s Adam Jonas sees the car maker climbing at least another 10% in the next year. Earlier today, he lifted his price target from $40 a share to $43 a share, arguing that “GM has made some productive moves and has an opportunity to unlock hidden strategic value.” Namely, he’s referring to investments in autonomous driving and ride sharing.