Ford will import most of its Focus compact car production from China and confirmed plans to invest $900 million at its Kentucky Truck Plant.
For the day TSLA up $6.21 GM up 6 pennies. Pumpers weep with envy as TSLA climbs towards 400 dollars Keep your soggy underwater GM stock that has been underwater for 8 long years. Happy Returns.
Not A Short
Kind of strange that so much is being made about weaker car sales when GM does the best in truck and SUV sales. The market is moving towards their strength and yet the headlines would have you believe things are rapidly getting worse.
Not A Short
I find if odd that GM is considered the old tech company compared to TSLA when GM clearly has the lead in the affordable (under $40K) extended range electric market. This seems to be rarely mentioned in the press. If it were the other way around TSLA would be celebrated for this achievement and be granted first-mover status by the media. (first mover = never have to turn a profit, no price is too high)
GM idling Lordstown but the Mexican plant making the hatchback version of the Cruze made at Lordstown is full throttle. Great Job GM idling UAW communiist "not my job" slobs so they can go drinking and driving, drunk boating/fishing, drunk hunting, go buy more meth, beat their wife and children, and their favorite sit in their underwear watching adult movies while their wife is making dinner for the family.
The market has peaked so best to jump into the safety of a company about to experience a huge decline in sales.....GM.
GM's Cruise starts HD mapping initiative to help autonomous.
GM's Cruise Automation Wades Into HD Mapping to Aid Autonomous-Car...
A small autonomous-cars company owned by General Motors Co. is getting into the high-definition mapping business, a move that could help the Detroi...
From the Motley jeye The great thing for dividend investors is that much of the peak auto sales negativity is priced in, pushing the company's trailing-12-month price-to-earnings ratio down to 5. The company's dividend was reinstated in 2014 and has grown roughly 26% since then to $1.52 per share annually, a juicy yield of 4.4%. Because of the negativity priced in, the high yield, and proof it intends to evolve with the industry, GM is one of the most valuable dividends around.
So, When GM Shuts Down a Plant because of Excess Vehicles in Inventory like they just did, do the Plant Workers Still get PAID for All that Time Off. Just Curious why GM Shares are Falling So Hard, that could Explain it.
GM day of IPO GM ended the day underwater. The stock was to high back than and is still overpriced today. GM sold or just got out of seven countries so their share price should sink. You own less of something so the price falls. Mary who gets north of 24 million salary plus bonus. We need a new leader not one who has borrowed north of 500 billion since going bankrupt!
More pain for GM workers way to many cars not selling so GM will have to lay off workers. So many cars will be steeply discounted once 2018 models go on sale. There goes GM profit right out the door!
And the undereducated crowd will continue to support this phk. They can relate to his half-liners because they fit into their mini-minds. Reason has no chance.