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General Motors Company (GM)

NYSE - Nasdaq Real Time Price. Currency in USD
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57.77-0.64 (-1.10%)
At close: 4:00PM EDT
57.76 -0.01 (-0.02%)
After hours: 07:59PM EDT
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  • J
    Jason
    For those of you that have been touting Armageddon due to 'mothballed' inventory impacts. GM has already shipped over half of those out. You'll have to think of another sky is falling scenario now....

    DETROIT, Oct 22 (Reuters) - General Motors Co (GM.N) is more than halfway through shipping newly-assembled pickups that it had parked due to a shortage of semiconductor chips, a top executive at the No. 1 U.S. automaker said on Friday.

    "We've made great progress," Steve Carlisle, GM's North American chief executive said at the Reuters Events Automotive Summit. "We're a bit better than halfway through that at the moment and our goal would be to clear out our '21 model years by the end of the year. We'll have a bit of a tail of '22 model years into the new year but not for too long."

    https://www.reuters.com/technology/gm-more-than-halfway-through-shipping-pickup-trucks-parked-due-lack-chips-exec-2021-10-22/
    General Motors Co is more than halfway through shipping newly-assembled pickups that it had parked due to a shortage of semiconductor chips, a top executive at the No. 1 U.S. automaker said on Friday.
    General Motors Co is more than halfway through shipping newly-assembled pickups that it had parked due to a shortage of semiconductor chips, a top executive at the No. 1 U.S. automaker said on Friday.
    www.reuters.com
  • A
    Adam
    3 Month Chart Ford up 20%. GM up 2.7% . I told you there would be a major divergence and got made fun of. Fords models are superior, in greater demand, they have Google on board for software. But best of all, their margins are 50% or GM's which means that have the ability to double profits in the net 3 years on the ICE business to catch up to GM while GM has squeezed savings already and will face just ICE revenue decline not offset by margins improvement. And of course, Ford is much better positioned with Hybrids as a smart transition until EV buying become mainstream. Why is GM so far behind launching vehicles despite all their talk of 30 vehicles by 2025 and fastest time to market for new development,. Ford already launched the F150 Lightening in real record time. I think GM won't go down much as it is cheap, but will stagnate and Ford will zoom especially at earning when Ford beats with 50 cents a share and GM misses slightly on top line revenue and profit as they will reveal a greater Bolt hit than the market anticipates or that LG offsets.
    Be in autos - revolution coming - but be in FORD
    Neutral
  • S
    Steve
    Ford and GM with solid days. Tesla down after hours on solid earnings beat. Looks like gains are already baked into Tesla, no surprise on a 100+ P/E multiple. Tesla has a valuation problem, no ones dogging the company but the stock is another story. Share price unjustifiable even on forward earnings. GM and Ford on the other hand have beautiful valuations if either of them can successfully navigate the EV transition with huge upside growth potential for the stocks IMO!
    Bullish
  • I
    I Taut I Taw A Puddy Cat
    A century or two ago, everyone having horses, and owning a car is luxury. Now, wealthy role is revered, only the riches can own a horse 🐎. Riches owning Electric cars, but won't long gasoline cars will be the vehicles for rich because poor man can afford gasoline.
  • M
    Mary Williams
    Look Out Below - Last month, GM Chief Financial Officer Paul Jacobson cautioned that GM's third-quarter wholesale deliveries could be down by 200,000 vehicles because of chip shortages.

    And though GM (bogus) claim they are half way through working their way through miles and miles of lot parked GM cars, 2022 sadly will bring less chips to GM plants than did 2021 did. See you all at $55 a share tomorrow.
  • M
    Mike
    $SQM conversation
    RBC Capital Markets, LLC U.S. Auto Analyst Joseph Spak forecasts EVs will represent 11 percent of demand for new cars by 2025, with growth rates of some 40 percent per year, supported by regulations to phase out internal combustion engine vehicles. To date, at least 24 countries have proposed some form of zero-emission vehicle targets. For instance, the UK will ban the sale of new petrol and diesel cars from 2030.

    $TSLA $GM $F $VWAGY $NIO $XPEV
    Bullish
  • J
    Joseph
    Strong earnings, coupled with positive comments regarding EV and most importantly restoration of the dividend should propel the stock next week.
  • a
    a
    I'm surprised nobody has brought this up. These are the year to year (out-the-door) price increases:
    GM 39.1%
    Jeep 35.3%
    Dodge 33.3%
    Nissan 29.9%
    Ford 15.6%
    Totoya 14.5%
    Subaru 6%
    Lexus 0.5%
    Mercedes 0.2%

    I get there's a car shortage, but this shortage is across all brands. There's a huge variation across manufacters. Some of this might be that manufacturers are only producing their most expensive models. Or maybe some manufacturers are hit harder by the shortage. But my take on this is some makers won't hesitate to gouge the customer for a quick buck while others value their long term customer relationship. Examples of these include Subaru and Lexus. In the end I think this will bite GM and hurt them in the future.
  • A
    Anonymous
    Only rich families will buy EVs. Ev makers will have lots full of them trying to sell. Most analysts cheering EVs just to gain current political favor but come 2022 things will change again.
  • a
    a
    Sorry GM. EV buyers only want Tesla.
  • P
    Paul
    TTM looks promising.
  • B
    Bob
    GM going to lose skilled trades for enforcing vaccines...not to mention possible strikes
  • B
    Bert
    They are bankrupt!!! Remember I said it. Executive managers have no clue what they are doing. All of the great GM employees are retiring and cashing out as fast as they can. They see the writing on the wall. Wait until earnings stock will drop 50% or more. Can’t survive on less than 30% production.
  • M
    Miguel
    New all time highs for Tesla. GM and it’s bag holders need Viagra.
  • I
    I Taut I Taw A Puddy Cat
    Automobile Critics said truck owners don't use their truck as a truck, 99.9% of them don't tow or go off road.
  • M
    Mary Williams
    GM is a buy late 2022 or early 2023. Until then the stock drifts between $40's and $50's due to never ending chip shortage and supply chain issues. No need to chase now - since GM will sell less auto over next year while burning cash (hard) for EV ramp up.

    So in GM's case - the early bird don't get the worm - stock wise. What you get is flat to lower share action until end of 2022. You've been warned.
  • I
    I Taut I Taw A Puddy Cat
    Foxconn now has its Electric Vehicles. Foxtron Model T, Foxtron Model E and Foxtron Model C.
  • I
    I Taut I Taw A Puddy Cat
    Housing price, Mortgage rating, fuel price, cost of living in general surge and GM stock also climbs?
  • M
    Miguel
    GM can’t get it up today, while Tesla regains and soon to exceed its all time high!
  • s
    scott
    GM could have more factories closed in November, December than at any time earlier this year. Chip shortage is getting worse - not better. Watch out GM longs.
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