GM - General Motors Company

NYSE - Nasdaq Real Time Price. Currency in USD
35.76
+0.26 (+0.73%)
As of 10:11AM EDT. Market open.
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Previous Close35.50
Open35.47
Bid35.24 x 800
Ask35.25 x 1400
Day's Range35.17 - 36.12
52 Week Range30.56 - 41.90
Volume2,453,363
Avg. Volume7,875,244
Market Cap51.056B
Beta (3Y Monthly)1.25
PE Ratio (TTM)5.70
EPS (TTM)6.28
Earnings DateOct 29, 2019
Forward Dividend & Yield1.52 (4.27%)
Ex-Dividend Date2019-09-05
1y Target Est47.61
Trade prices are not sourced from all markets
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  • Reuters

    UPDATE 1-UAW calls Thursday meeting to update union leaders on GM strike talks -sources

    The union representing the 48,000 workers who have been striking General Motors Co for about a month have scheduled a meeting on Thursday to update the leaders of the various union locals from around the country on the status of the talks, several people familiar with the plans said on Monday. The sides have not reached a tentative agreement that would end the strike, but progress has been made and the United Auto Workers leadership will give an update at 10:30 a.m. ET (1430 GMT) on Thursday, said the people, who asked not to be identified because the talks continue. The meeting will take place in the Detroit building where GM is based, the people said.

  • UAW calls Thursday meeting to update union leaders on GM strike talks - sources
    Reuters

    UAW calls Thursday meeting to update union leaders on GM strike talks - sources

    The union representing the 48,000 workers who have been striking General Motors Co for about a month have scheduled a meeting on Thursday to update the leaders of the various union locals from around the country on the status of the talks, several people familiar with the plans said on Monday. The sides have not reached a tentative agreement that would end the strike, but progress has been made and the United Auto Workers leadership will give an update at 10:30 a.m. ET (1430 GMT) on Thursday, said the people, who asked not to be identified because the talks continue. The meeting will take place in the Detroit building where GM is based, the people said.

  • Barrons.com

    GM Strike Could Help Car Stocks. Here’s How.

    Car stocks have had it tough in 2019, dealing with falling auto sales and labor strife. The General Motors strike, however, could give the sector a pass on weak third quarter numbers, setting up an interesting trade for investors into year-end.

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    Going into earnings, due October 23, Tesla (NASDAQ:TSLA) is offering a calm but fraught chart pattern. TSLA stock has spent most of the last three months between $220-250, whipsawed (as usual) by various rumors, small news events, and irrelevancies.Source: Tudoran Andrei / Shutterstock.com The shares closed near the top of that range, at over $247 on Friday, as short volume has (for now) fallen to 21%, after topping 25% at the start of the month.If the company can hit the "whisper" estimates for the quarter, a $250 million or $1.40 per share loss on $6.6 billion of revenue, it could sound an all-clear. Official estimates are for a smaller loss on lower revenue. Hedge funds had been edging back into Tesla shares early this year, as it fell to a low of $185.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIs it time to buy again? The TSLA Bull CaseTesla has gone from being a curiosity to a major maker of luxury cars.It was the leading luxury nameplate in the U.S. during the second quarter of the year. It had more than double the sales of Lincoln, Buick and Cadillac combined. Almost one-fourth of the small- and mid-sized luxury cars sold in this country are now made by Elon Musk's minions. * 10 Best Cloud Growth Stocks Right Now During the third quarter, Tesla delivered 97,000 cars. Reporters called it a failure, short of estimates, but delivering 105,000 in the fourth quarter will still bring its total for the year to 360,000. Musk is telling employees they can get close to that figure.Tesla's Shanghai factory could start production this month, producing at a 500,000 car per year rate by the end of the year. Tesla sales in China nearly doubled this year.The big profits for Ford Motor (NYSE:F) and General Motors (NYSE:GM) come from their pick-up trucks, which often sell for $50,000 and more, fully equipped. Tesla is announcing a pick-up in November. The Bear Case Switches to SurvivalTesla is failing in solar panels. Its batteries are doing well but still represent less than 7% of sales. Tesla is still not making a profit. It's not yet close, with gross margins falling even as production increases.Some analysts are publicly warning investors away from Tesla. The bears say the story is switching from innovation to survival, meaning it gets whacked with every earnings miss.Then there's CEO Musk himself, who, like a certain Washington resident, can't seem to quit Twitter. Musk is mercurial, thin-skinned, more interested in his privately owned SpaceX than the car company. He wants to put chips in peoples' brains. He is taking billions of dollars out of the company in pay and incentives while investors get speculation. * 10 Great Biotech Stocks to Buy in Q4 Of 33 analysts currently following TSLA stock, 10 are saying buy, 9 are saying sell, and 11 don't know what to say. Their earnings estimates are all over the map, ranging from monster loss of more than $600 million to a small profit for this quarter. Guesses for next year range from a loss of almost $1 billion to a profit of $2.4 billion.They don't know what to think. Neither do I. The Bottom Line on Tesla StockTesla stock remains a gambler's play, as fascinating as Elon Musk himself.I can't recommend it to investors, because I don't gamble. But for traders looking for action, there may be no better play on the board, whether you want to bet up, down or short.If I had a hunch what was going to happen at Tesla, I'd play it with options, where losses can be controlled and where leverage applies.I'm going to sit this one out and grab some popcorn.Dana Blankenhorn is a financial and technology journalist. He is the author of the historical mystery romance The Reluctant Detective Travels in Time available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Are Tesla Stock Investors Seeing Some Stability, at Last? (Uh, No) appeared first on InvestorPlace.

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    General Motors' 3rd-Quarter China Sales Fall

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    The Best Income Investments for a Low-Rate World

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  • UAW boosts strike pay as GM walkout continues
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    UAW boosts strike pay as GM walkout continues

    The United Auto Workers union said Saturday it will boost strike pay for 48,000 hourly workers at General Motors Co by $25 a week to $275 as a strike against the largest U.S. automaker nears the end of its fourth week. Talks were continuing late Saturday afternoon to try to resolve the longest nationwide strike at GM since 1970, both sides said. The UAW also said it would allow members striking to take on part-time jobs without reducing their strike pay – as long as they perform picket-line duties.

  • Reuters

    CORRECTED-UAW boosts strike pay as GM walkout continues

    The United Auto Workers union said Saturday it will boost strike pay for 48,000 hourly workers at General Motors Co by $25 a week to $275 as a strike against the largest U.S. automaker nears the end of its fourth week. Talks were continuing late Saturday afternoon to try to resolve the longest nationwide strike at GM since 1970, both sides said. The UAW also said it would allow members striking to take on part-time jobs without reducing their strike pay – as long as they perform picket-line duties.

  • Bloomberg

    UAW Counters GM Contract Offer After Full Day of Finger-Pointing

    (Bloomberg) -- The United Auto Workers made a counter proposal to General Motors Co. late Friday that would end a nearly month-long strike if the automaker agrees, capping a tumultuous day in which the union and company traded barbs and blame.UAW Vice President Terry Dittes offered no specifics on the proposal in a letter sent to members and published on the union’s website. GM had been awaiting a response to its latest offer made Monday, which a person familiar with the matter said included $9 billion of total investment in U.S. plants, about $2 billion more than the carmaker vowed to make in mid-September.Analysts say the strike has cost GM more than $1 billion of lost profit. The automaker’s senior executives appealed to rank-and-file employees late this week, portraying UAW leadership as dragging their feet in responding to its proposals.“We object to having bargaining placed on hold,” Scott Sandefur, GM’s vice president of North American labor relations, wrote to Dittes late Thursday in a letter obtained by Bloomberg. “As we have urged repeatedly, we should engage in bargaining over all issues around-the-clock to get an agreement.”The public war of words escalated midday Friday, with the UAW issuing an open letter accusing GM of stalling negotiations to “starve UAW-GM workers off the picket lines” and protect its own interests. The union said its negotiators remain committed to bargaining day-and-night to find an agreement.“These delaying tactics have human costs. Families are suffering, from Detroit to Texas to New York,” the letter said. “This strike has been and continues to be about securing the American workers’ future.”Showing FrustrationThe UAW’s walkout has halted production at 34 U.S. plants and disrupted output at factories in Mexico and Canada. While GM publicly released details of its first formal offer to the union on Sept. 15 -- the day the UAW called the strike -- the company had until this week kept a lid on public criticism of union leaders, who themselves are dealing with a credibility crisis.GM was upping the pressure on UAW brass Friday in a bid to clinch an agreement before the strike enters a fifth week.“GM is frustrated with the pace of negotiations,” said Art Schwartz, a former GM labor negotiator who’s now a consultant in Ann Arbor, Michigan. “They gave the union a comprehensive offer on Monday, and it’s Friday and they haven’t had a response yet. If I had members out on strike, I would be responding within hours.”GM shares rose 2.6% on Friday, paring their decline since the strike began to 8.5%. While credit-rating companies initially warned of risk to the automaker if the walkout lasted more than a couple weeks, they’ve been reluctant to downgrade.“GM has adequate liquidity to contend with a strike of this duration,” Bruce Clark, lead U.S. auto analyst for Moody’s Investors Service, wrote in a report Friday. The carmaker would start to forgo significant earnings if the walkout extends into late November, he said.Earlier Friday, GM released a broad outline of the offer made at the beginning of the week, saying it would boost wages and lump-sum payments while also preserving health care benefits. Gerald Johnson, GM’s executive vice president of manufacturing, wrote to employees the automaker was prepared to enhance profit-sharing, including by lifting the cap on how much is paid out based on the company’s earnings.UAW members also would receive bigger ratification bonuses than in 2015, when each worker was paid an $8,000 signing bonus. And the offer gives temporary workers a clear path to permanent status, Johnson said.“The strike has been hard on you, your families, our communities, the company, our suppliers and dealers,” Johnson wrote to employees. “We have advised the Union that it’s critical that we get back to producing quality vehicles for our customers.”Security ConcernThe investment offer from GM was aimed at sewing up one of the union’s major remaining concerns -- that underused plants could end up being idled or closed during the life of the agreement. UAW Vice President Terry Dittes said in two letters this week that the union wanted the company to offer more job security.GM’s initial formal offer made in mid-September included plans to build electric trucks at a plant in Detroit, which is scheduled to run out of work in January, and to construct a battery plant in Lordstown, Ohio, where the company has idled a compact car plant. Those two investments remain parts of GM’s plans, the person said.“GM definitely has moved; whether the union has moved off their demands, we don’t know,” Schwartz said. “Maybe they’re not responding quickly because the leadership is worried about ratification. They’re probably more worried about ratification than actually getting the deal done.”(Updates with TK in TK paragraph. An earlier version of this story corrected the investment figure in the headline and first paragraph.)To contact the reporters on this story: David Welch in Southfield at dwelch12@bloomberg.net;Keith Naughton in Southfield, Michigan at knaughton3@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, ;Crayton Harrison at tharrison5@bloomberg.net, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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  • Mexican motor city 'getting desperate' as GM's U.S. strike takes heavy toll
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  • GM appeals directly to employees as strike losses mount, riling UAW
    Reuters

    GM appeals directly to employees as strike losses mount, riling UAW

    While emphasizing GM's commitment to the collective bargaining process, the letter, signed by Gerald Johnson, executive vice-president for global manufacturing, circumvents United Auto Workers (UAW) leadership and points to frustration at a lack of progress on ending a conflict that has already cost the company more than $1 billion. The UAW strike began on Sept. 16, with the union's 48,000 members at GM seeking higher pay, greater job security, a bigger share of profit and protection of healthcare benefits. Credit Suisse estimated the loss could hit about $1.5 billion, and the Center for Automotive Research estimated the weekly costs to GM and the UAW strike fund at $450 million and $12 million, respectively.

  • UAW boosts strike pay for GM factory workers
    Yahoo Finance Video

    UAW boosts strike pay for GM factory workers

    The United Auto Workers strike against General Motors is entering its fifth week. The union is increasing strike pay for workers to $275 a week. Yahoo Finance's Akiko Fujita and Ines Ferre discuss.

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  • GM urges UAW to speed up talks amid strike: WSJ
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    General Motors is reportedly pressuring United Auto Workers to speed up negotiations for a four-year contract, according to a letter obtained by the Wall Street Journal. Yahoo Finance's Akiko Fujita and Dan Roberts discuss.

  • GM CEO meets UAW president with strike in its 4th week
    Yahoo Finance Video

    GM CEO meets UAW president with strike in its 4th week

    General Motors is pressuring the UAW to reach a resolution. The fourth week of the strike General Motors CEO Mary Barra secretly met with the Union's President Gary Jones on Wednesday. Yahoo Finance's Adam Shapiro, Brian Cheung and Pras Subramanian discuss on On the Move.