|Bid||41.21 x 900|
|Ask||41.73 x 800|
|Day's Range||40.94 - 41.75|
|52 Week Range||34.02 - 46.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 23, 2018 - Jul 27, 2018|
|Forward Dividend & Yield||1.52 (3.49%)|
|1y Target Est||49.05|
CNBC's Phil LeBeau reports on General Motors' plan to build its new Chevy Blazer crossover SUV in Mexico, to the disapproval of the United Auto Workers union.
The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row. U.S. President Donald Trump on Friday threatened to impose a 20 percent tariff on all imports of EU-assembled cars, a month after his administration launched an investigation into whether auto imports posed a national security threat. "If they decide to raise their import tariffs, we'll have no choice, again, but to react," EU Commission Vice President Jyrki Katainen told French newspaper Le Monde.
The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row. U.S. President Donald Trump on Friday threatened to impose a 20 percent tariff on all imports of EU-assembled cars, a month after his administration launched an investigation into whether auto imports posed a national security threat.
Taxes and an unqualified workforce are among the barriers to growth in manufacturing, the industry's leaders told Business First. Despite that, many are upbeat about the profession's prospects in the coming years.
Wall Street has never been particularly concerned with making things easy for individual investors. Maybe that’s why understanding and assessing the world of sustainable investing can be challenging. It’s an umbrella term for a variety of investing styles that evaluate companies based on environmental, social, and governance, or ESG, factors, alongside traditional stock-picking metrics.
Markets ended the day mixed Friday, June 22, as Trump escalated trade tensions with Europe and the Organization of Petroleum Exporting Countries, or OPEC, settled on an oil production agreement that sent the commodity soaring. The Dow Jones Industrial Average closed 119 points higher, the S&P 500 finished up 5 points and Nasdaq ended the day down 20 points. In the top story of the day, OPEC agreed to strive for 100% compliance on a deal reached in November 2016 with several non-OPEC members.
The escalating tariff war is increasingly targeting the auto industry, and stocks in the sector are feeling the pain. President Donald Trump tweeted on Friday morning that his administration will impose 20% tariffs on imported vehicles from Europe if the European Union doesn't remove its own trade barriers to U.S. cars. China has also targeted U.S.-made cars for upcoming tariffs.
The automotive giant is bringing back the Chevrolet Blazer — which it hasn’t manufactured since 2005 — as part of an attempt to create SUVs in all shapes and sizes as Americans desire more personalized vehicles nowadays. The Blazer will be bigger than an Equinox but smaller than a Traverse. The new GM vehicle will not look like the old Blazer as it will instead be modeled after the original Blazer, which is designed to attract a younger audience.
Energy stocks lead, supported by jump in crude pricesExxon shares were among top Dow gainers. U.S. stock benchmarks ended mostly higher on Friday as an OPEC-inspired rally in energy shares helped the Dow industrials halt a lengthy slide, but equities rang up weekly losses in a period pockmarked by a series of trade-related spats. What did the main benchmarks do?
Pushing forward with his America First policy, President Donald Trump threatened to impose a 20% tariff on car imports from the European Union (EU). In his tweet, the President also urged automakers to manufacture cars in America rather than relying on imports. The EU is one of America’s largest trading partners, accounting for $717.9 billion worth of goods trade in 2017. Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!
In the previous part of this series, we saw that China’s light vehicle sales continued to grow positively YoY (year-over-year) in May. In the first five months of 2018, China’s auto sales increased 5.7% YoY. Sales declined YoY in February due to the Chinese New Year that month.
It's not just China either, as Trump has pushed back on trade deals with other partners like Canada and Mexico, as well as Europe. unveiled its brand-new Chevy Blazer on Friday -- and announced that it will be manufactured in Mexico. The company made the decision even though the White House is apparently weighing a 25% auto import tariff and is investigating whether imported cars are jeopardizing national security.
U.S. has huge tariffs on SUVs and pickup trucks, the most lucrative part of the auto marketAFP/Porsche and other European-made cars could be hit with higher tariffs unless trade barriers come down, President Trump has threatened. President Trump has threatened Europe again with stiff tariffs on auto imports if they don’t drop unspecified trade barriers, but the risk might not be worth the reward.
GM has come a long way from its 2009 bankruptcy and its 2014 ignition-switch scandal. Here are two reasons to expect it to reward patient investors.
Cadillac's sales declined in 2017 and automakers are producing fewer sedans in the United States. Is this Cadillac investment a good move by GM?
BlackBerry BB-CA – BlackBerry reported adjusted first-quarter profit of 3 cents per share, compared to analysts' expectations of a breakeven quarter. JPMorgan Chase JPM , Bank of America BAC , Citigroup C , Wells Fargo WFC – These and other bank stocks are on watch today after 35 of the nation's largest banks passed the Fed's latest stress tests. The software provider's revenue also beat forecasts on strong demand from large companies, but its current-quarter and full-year revenue forecasts are short of analysts' estimates due to a strengthening dollar.
Automakers from the mitten state all improved more than the industry average, and one in particular took home more model-level awards than any other auto brand.
GM has four IT Innovation Centers nationwide. The largest is in Austin, with more than 2,600 employees in two locations. And GM isn't alone — the Texas capital has established a reputation as a place where engineers and designers can dream big.
Trump has been pressing automakers to build more vehicles in the United States under efforts to renegotiate the North American Free Trade Agreement (NAFTA). "We remain committed to working with the administration on a modernized NAFTA," GM spokesman Pat Morrissey said, adding the decision was made years ago. Trump has previously criticized GM for building vehicles in Mexico for sale in the United States.