|Bid||34.92 x 4000|
|Ask||35.25 x 1000|
|Day's Range||34.85 - 35.70|
|52 Week Range||30.56 - 45.52|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||67.24|
|Earnings Date||Feb 6, 2019|
|Forward Dividend & Yield||1.52 (4.33%)|
|1y Target Est||45.23|
General Motors' plans to lay off 14,000 salaried and blue-collar workers might not be as bad as originally projected. (Dec. 14)
Under fire from President Trump over plans to shut several factories, General Motors Co. on Friday shed light on the prospects for minimizing job losses by transferring some workers to other GM plants in the U.S. Some of the 6,700 workers who will be out of work when GM idles five factories in the U.S. and Canada beginning this spring are eligible to move to those plants, GM said. GM’s disclosure came a day after Mr. Trump renewed his criticism of GM Chief Executive Mary Barra over the job cuts, which are slated for Midwest states that are politically important to the president.
Investing.com – The Dow closed lower for the second-straight week on Friday, as fears over slowing global growth triggered a steep selloff across stocks on Wall Street.
The General Motors' massive 14,000-person layoff announced last month might not be as bad as originally projected. The company said Friday that 2,700 out of the 3,300 factory jobs slated for elimination will now be saved by adding jobs at other U.S. factories. Blue-collar workers in many cities will still lose jobs when GM shutters four U.S. factories next year.
DETROIT (AP) — General Motors' plans to lay off 14,000 salaried and blue-collar workers might not be as bad as originally projected.
The General Motors (NYSE: GM) announcement made on November 26 to shut down five auto-assembly plants has broadly affected the market to support auto-manufacturing. Many carriers in the Michigan, Ohio, and Ontario regions have concentrated their freight services in auto-part transport. This has put them in a volatile position as the auto-market expands and contracts with changing consumer preference and the economic climate.
When President Trump met with China's President Jinping Xi during the G-20 summit, Trump later tweeted that China would reduce its tariffs on U.S.-made automobiles. China had increased its 15% tariff up to 40% in the wake of rising trade tensions between the two countries. , the largest U.S. car exporters to China, are set to benefit from the reduced tariff.
Trump's presidential limo is an updated version of President Barack Obama's limo, which rolled out right before his inauguration in 2009.
President Trump discussed China’s economic troubles during his recent interview with Fox News. In the last few months, many of the leading indicators from China (FXI) have shown signs of weakness. The indicators include China’s slower-than-expected November trade data and a consistent fall in China’s vehicle sales in the last five months.
Cadillac is expanding its crossover and SUV range with a new three-row XT6, but that doesn't mean it has forgotten about the one that started it all. As seen in the above photos, the company is testing a new version of the Cadillac Escalade. Like the new Tahoe we previously spied, the 2020 Cadillac Escalade will have an independent rear suspension replacing the solid axle set-up that GM's full-size SUVs have always possessed.
What was more interesting was Trump’s musing in the same interview on GM’s new strategy. This will see the company largely abandon traditional sedans in the U.S. in favor of more profitable trucks and SUVs at one end and emerging technologies of electrification and autonomy at the other. What is clear is that GM is right to try and get ahead of it.
The US-China trade war, primarily triggered by President Donald Trump imposing tariffs on Chinese imports, started getting ugly in the last few months. Investors watched President Trump and President Jinping’s meeting in Argentina earlier in December.
The automaker said it has about 2,700 job openings at several factories across the U.S. as it looks to cut roughly 14,000 jobs from its payroll.
More than 1,100 hourly workers at plants where GM plans to cut 2,800 jobs have volunteered to transfer to other plants. GM has 2,700 jobs open at factories across the United States. More than 1,100 General Motors GM employees have already volunteered to transfer from plants where the automaker is cutting jobs to other GM factories, the company said Friday.
General Motors Co on Friday said it is beginning to send formal notices to U.S. government agencies of its plan to end production at auto plants and cut thousands of jobs as it shrinks passenger car production in North America. The largest U.S. automaker said 2,800 hourly active U.S. workers at four American plants that will end production next year are eligible for new jobs at other plants. GM said it currently has 2,700 current open positions at seven plants in Indiana, Ohio, Kentucky, Michigan, Tennessee and Texas, with about 1,000 of those open jobs at an assembly plant in Flint, Michigan.
General Motors Co (GM.N) on Friday said it is beginning to send formal notices to U.S. government agencies of its plan to end production at auto plants and cut thousands of jobs as it shrinks passenger car production in North America. The largest U.S. automaker said 2,800 hourly active U.S. workers at four American plants that will end production next year are eligible for new jobs at other plants. GM said it currently has 2,700 current open positions at seven plants in Indiana, Ohio, Kentucky, Michigan, Tennessee and Texas, with about 1,000 of those open jobs at an assembly plant in Flint, Michigan.
The stock of Chinese electric carmaker NIO (NIO) has been highly volatile since its listing on the New York Stock Exchange in September 2018. The company is set to launch its ES6, its much-awaited five-seat SUV, on December 15. Before we discuss more on the ES6, let’s first find out how NIO’s stock is faring before the vehicle launch event.
Annette Clayton, CEO of North American Operation at Schneider Electric since 2016, will join the Duke Energy Board of and serve on the audit and nuclear oversight committees.
On December 13, China released several economic data points for November. The National Bureau of Statistics said in the note accompanying the data release that the “national economy maintained stable and sound momentum of development in November.” However, markets weren’t impressed with the data. Let’s see why the data points spooked the markets (SPY).
Costco reported adjusted quarterly profit of $1.61 per share, one cent shy of estimates, although revenue did beat forecasts. Costco's same-store sales were higher by 8.8 percent during the quarter, matching forecasts. Adobe Systems ADBE – Adobe earned an adjusted $1.90 per share for its latest quarter, beating estimates by two cents, while the software maker's revenue was slightly above Street forecasts.