37.24 -0.11 (-0.29%)
After hours: 5:50PM EDT
|Bid||37.21 x 4000|
|Ask||37.40 x 900|
|Day's Range||36.78 - 37.38|
|52 Week Range||30.56 - 45.00|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||6.75|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||1.52 (4.00%)|
|1y Target Est||47.14|
GM said in a media advisory that it will announce news on Friday along with the United Auto Workers union and local government officials at its factory in Orion Township, Michigan. The company said only that it’s making “major new investment focused on the development of GM future technologies” at the facility that builds fully electric Chevrolet Bolt cars.
The largest U.S. automaker is expected to announce it plans to build a new electric compact vehicle for Chevy, said the people, who asked not to be identified. GM executives also will formally endorse a revised North American free trade deal known as USMCA, the sources said. GM declined to comment.
Does GM Have Good Potential despite Trump’s Criticism?(Continued from Prior Part)General Motors’ revenue In the fourth quarter of 2018, General Motors’ (GM) revenue rose 1.8% YoY (year-over-year) to $38.4 billion. While the company’s revenue
Shares of General Motors fell more than 3 percent Wednesday after BMW warned of lower profits due to international trade tension and the potential ripple effects from Brexit.
It also fits with Ford’s direction: Earlier this week, the company announced it was boosting production of SUVs for the second time in two years. Plus, it’s been almost a year since Ford said it was effectively exiting cars, apart from a couple of brands, including the Mustang. Ford isn’t alone in going all-in on “big.” Fiat Chrysler Automobiles NV went that way with its North American business in 2016.
Wolfe Research auto analysts Rod Lache and Dan Galves explain how to play the future of transportation. Will GM spin out Cruise Automation?
In order to cater to solid demand, Ford (F) plans to increase the U.S. production targets of Expedition and Navigator models in July.
Sales of utility vehicles of all kinds that are dominating the American are critical to the automaker's long promised "renaissance," Cadillac President Steve Carlisle said in an interview.
New crash tests show pickups with some of the oldest designs could struggle to protect passengers riding in the front seat.
Boeing has been working on a software update to an anti-stall system called MCAS since a Lion Air plane crashed in Indonesia in October. Southwest Airlines pilot union said on Wednesday that extra computer-based training would be required as a result of a planned update to the software on the Boeing Co 737 Max, and it was seeking additional information for pilots.
will expand production capacity for next generation electric vehicles at a second North American plant in southeast Michigan as part of its previously announced $11 billion investment in global electric vehicles, the company announced Wednesday. The Dearborn, Michigan-based company will invest about $900 million of that total in its southeast Michigan operations with a target of creating 900 incremental direct new jobs through 2023. "We've taken a fresh look at the growth rates of electrified vehicles and know we need to protect additional production capacity given our accelerated plans for fully electric vehicles," said Joe Hinrichs, Ford's president og global operations.
LIMA, Ohio (AP) — President Donald Trump on Wednesday brought his re-election campaign to Ohio — a state essential to his 2020 strategy — touring a military tank plant and telling many of its cheering workers: "You better love me. I kept this place open."
The moves, announced the same day Donald Trump visits an Ohio tank plant, follow the president’s sharp criticism of General Motors Co. for idling a car factory in Lordstown, Ohio. Ford is reiterating some previous financial and employment commitments while changing gears for the third time on building electric autos at an underutilized factory south of Detroit. Roughly a year and a half after shifting production of a future electric sport utility vehicle to Mexico from Flat Rock, Michigan, Ford says it now plans to build other battery-powered models there and add a second shift of workers by 2023, at a cost of $850 million.
Ford’s Investments in Making America Great and Trump Happy Again(Continued from Prior Part)Ford’s new investment plans In the previous part of this series, we looked at Ford’s (F) two announcements about increasing vehicle production and
Ford’s Investments in Making America Great and Trump Happy AgainFord Motor Company Earlier today, the second-largest US automaker by 2018 sales volume, Ford Motor Company (F), revealed its plan to invest $850 million in its Flat Rock assembly plant
Co. is increasing its bet on electric cars, saying Wednesday it will convert a second North American plant to build plug-in models even as demand for the technology remains weak in the U.S. Ford plans to overhaul its assembly plant near Detroit in Flat Rock, Mich., to start production in 2023, part of a four-year, $11 billion plan to expand its lineup of electric cars globally. The company also plans to build electric cars in Mexico for the U.S. market, starting with a sporty sport-utility vehicle scheduled to go on sale next year.
The Mountain View company has added mobility and fleet maintenance to its mobile repair offerings and this week annouced a partnership with The Goodyear Tire & Rubber Co. that lets it add tire service for its customers.
BMW executives said the industry faces a fiercely competitive environment, dogged by questions about how tariffs and trade tension between the U.S., China and Europe could affect supply chains, manufacturing and sales.
Shares of auto makers fell Wednesday, pulled down by Germany-based BMW AG's warning of a significant drop in profits this year. Ford Motor Co.'s stock slumped 2.4%, General Motors Co. shares shed 2.9% and Fiat Chrysler Automobiles N.V. shares dropped 1.3%. BMW's Germany-listed shares tumbled 5.3%, with the company blaming its profit warning on higher costs associated with stricter emissions regulation, heavy investment in electric and self-driving cars, currency translation effects, higher raw materials and global trade tensions. The auto maker stock declines come as the S&P 500 slipped 0.3%.
Can US Companies Keep Both Trump and Investors Happy?US companies US President Donald Trump has frequently lashed out against companies that lay off workers and shift production overseas. Earlier, President Trump issued a warning to US automakers (F)
Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss executive changes at Ford, including Amazon vet Tim Stone as the new CFO.