|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||43.04 - 44.09|
|52 Week Range||31.92 - 46.76|
|PE Ratio (TTM)||21.06|
|Forward Dividend & Yield||1.52 (3.44%)|
|1y Target Est||N/A|
Freezing weather aside, we did encounter a couple big trends at this year’s show, as Rick Newman and I discuss in the video above. From Chevy (GM) teasing the new Silverado only weeks before the show to Ford (F) debuting the new midsize Ranger on Sunday night and Fiat Chrysler (FCAU) busting out its new 2019 Ram full-size pickup, it was all-truck, all the time. The 2019 Ram 1500 debuted at this week’s 2018 Detroit Auto Show with a new look, its first hybrid system, and more tech than ever.
A federal bankruptcy judge on Thursday said a settlement agreement that would require General Motors to pay $1 billion in stock to car owners suing the company over faulty ignition switches was not enforceable. Judge Martin Glenn of the U.S. Bankruptcy Court in New York said the agreement that car owners had reached with a trust, often referred to as "old GM," that holds many GM liabilities from before its 2009 bankruptcy was not valid without signatures.
BMW will put the heat on Tesla when it unveils its all-electric, autonomous driving vehicle with an expected driving range of 435 miles.
Stocks rose modestly during the week as chip-gear makers and health insurers jumped. General Electric is mulling a breakup, while Apple is investing in the U.S.
Folks can crow all they want about autonomous vehicles, but there's still a market for those who want to drive a car.
A federal bankruptcy judge on Thursday said a settlement agreement that would require General Motors Co to pay $1 billion in stock to car owners suing the company over faulty ignition switches was not enforceable. Judge Martin Glenn of the U.S. Bankruptcy Court in New York said the agreement that car owners had reached with a trust that holds many GM liabilities from before its 2009 bankruptcy was not valid without signatures.
Autonomous vehicles were all the rage last year, and this trend is set to continue in 2018 as the possibility of mass-produced self-driving cars inches closer to becoming a reality.Source: Flickr
As of January 16, 2018, Ford’s (F) forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple was 13.6x. In the last couple of quarters, Ford’s EV-to-EBITDA has risen, and now it’s much higher than many of its competitors. In the same period, General Motors’ (GM) and Fiat Chrysler’s (FCAU) forward EV-to-EBITDA multiples were 8.3x and 2.5x, respectively.
Shares of International Business Machines Corp. (NYSE:IBM) fell in overnight trading after it beat earnings estimates. IMB stock dropped almost 3%, shedding about $4 billion in market cap, after the company announced results that beat earnings estimates and showed the first year-over-year revenue growth in five years. While there are now some bulls pounding the table for IBM stock, they may be lonely voices, once investors dig into the numbers this morning.