GM - General Motors Company

NYSE - NYSE Delayed Price. Currency in USD
34.76
-0.53 (-1.50%)
At close: 4:00PM EST
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Previous Close35.29
Open35.30
Bid34.80 x 4000
Ask34.90 x 800
Day's Range34.42 - 35.39
52 Week Range32.97 - 41.90
Volume8,945,950
Avg. Volume9,880,986
Market Cap49.672B
Beta (5Y Monthly)1.34
PE Ratio (TTM)7.61
EPS (TTM)4.57
Earnings DateMay 05, 2020
Forward Dividend & Yield1.52 (4.37%)
Ex-Dividend DateMar 04, 2020
1y Target Est46.38
  • Moody's

    FIDC Banco GMAC - Financiamento a Concessionárias -- Moody's withdraws the A3 (sf) / Aaa.br (sf) ratings of FIDC Banco GMAC - Financiamento a Concessionárias' senior shares for business reasons

    Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.br. All Moody's ratings are reviewed at least once during every 12-month period.

  • Barrons.com

    Tennessee’s Treasury Sold GE, GM, and Verizon Stock. Here’s What It Bought.

    The Tennessee Department of Treasury made some big changes in its stock investments in the last quarter of 2019. The department, which manages all of the state’s investments, including its pension fund, reduced investments in (GE) (ticker: GE), General Motors (GM) and (VZ) Communications stock (VZ) in the fourth quarter. Tennessee’s treasury also bought more (WMT) stock (WMT).

  • Financial Times

    GM to exit Australia and New Zealand as part of global overhaul

    The US carmaker said China’s Great Wall Motors had agreed to buy its Thai manufacturing plant, and it would withdraw its Chevrolet brand from Thailand by year-end. “We are restructuring our international operations, focusing on markets where we have the right strategies to drive robust returns and prioritising global investments that will drive growth in the future of mobility, especially in the areas of electric vehicles and autonomous vehicles,” said Mary Barra, GM chief executive and chairman. The moves would incur cash and non-cash charges of $1.1bn, GM said.

  • Reuters

    TIMELINE-General Motors streamlines its international operations

    General Motors Co is retreating from more markets outside the United States and China, saying on Sunday that it will wind down its Australian and New Zealand operations, while selling a plant in Thailand. * Announces that it would wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021. * Signs a deal to sell its Thailand manufacturing plant to China's Great Wall Motor Co Ltd.

  • GM to pull out of Australia, New Zealand and Thailand
    MarketWatch

    GM to pull out of Australia, New Zealand and Thailand

    General Motors says it’s pulling out of Australia, New Zealand and Thailand as part of a strategy to exit markets that don’t produce adequate returns on investments.

  • GM shuts Australia, New Zealand operations; sells Thai plant to Great Wall
    Reuters

    GM shuts Australia, New Zealand operations; sells Thai plant to Great Wall

    NEW YORK/BEIJING (Reuters) - General Motors Co said it would wind down its Australian and New Zealand operations and sell a Thai plant in the latest restructuring of its global business, costing the U.S. auto maker $1.1 billion. The moves will accelerate GM's retreat from unprofitable markets, making it more dependent on the United States, China, Latin America and South Korea, and give up an opening to expand in Southeast Asia. GM has forecast a flat profit for 2020 after a difficult 2019, and is facing ballooning interest in electric car rival Tesla Inc .

  • GM shuts Australia, NZ operations; sells Thai plant to Great Wall
    Reuters

    GM shuts Australia, NZ operations; sells Thai plant to Great Wall

    NEW YORK/BEIJING (Reuters) - General Motors Co said it would wind down its Australian and New Zealand operations and sell a Thai plant in the latest restructuring of its global business, costing the U.S. auto maker $1.1 billion. The moves will accelerate GM's retreat from unprofitable markets, making it more dependent on the United States, China, Latin America and South Korea, and give up an opening to expand in Southeast Asia. GM has forecast a flat profit for 2020 after a difficult 2019, and is facing ballooning interest in electric car rival Tesla Inc .

  • PR Newswire

    GM Accelerates Transformation of International Markets

    GM to cease Holden sales, design and engineering operations by 2021, plans to focus on growth opportunities in specialty vehicle business

  • Reuters

    RPT-China's auto sales may fall 10% in H1 due to coronavirus - industry association

    China's auto market, the world's largest, is likely to see sales slide more than 10% in the first half of the year due to the coronavirus epidemic, the country's top auto industry body told Reuters on Friday. "We predict auto sales will drop by more than 10% in the first half of this year, and around 5% for the whole year if the epidemic is effectively contained before April," Fu Bingfeng, executive vice chairman of the China Association of Automobile Manufacturers (CAAM), told Reuters in a written interview. Auto executives say the coronavirus, which has killed more than 1,380 people and infected nearly 64,000 in mainland China, is taking a severe toll on the industry, sapping buyer demand and disrupting supply chains for car makers globally.

  • Benzinga

    Benzinga's Bulls And Bears Of The Week: GM, Luckin, Slack, Tesla And More

    Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included a leading automaker and a resort operator. Bearish calls included an apparel maker and a ...

  • Warren Buffett Buys Kroger, Biogen in 4th Quarter
    GuruFocus.com

    Warren Buffett Buys Kroger, Biogen in 4th Quarter

    Guru also opens positions in 2 ETFs Continue reading...

  • MarketWatch

    American Axle's stock tumbles after sales miss and downbeat outlook as coronavirus, GM work stoppage weigh

    Shares of American Axle & Manufacturing Holdings Inc. tumbled 10.0% in midday trading Friday, after the auto parts supplier reported a fourth-quarter sales that missed expectations, as results were hurt by a work stoppage at General Motors Corp. , and provided a downbeat outlook. The net loss widened to $454.4 million, or $4.04 a share, from $361.8 million, or $3.24 a share, in the year-ago period. Excluding non-recurring items, such as a $440 million goodwill impairment charge, adjusted earnings per share came to 13 cents, beating the FactSet consensus of breakeven. Sales fell 15.6% to $1.43 billion, below the FactSet consensus of $1.50 billion, with the GM work stoppage reducing results by about $186 million. For 2020, the company expects sales of $5.8 billion to $6.0 billion, below the FactSet consensus of $6.1 billion, with Chief Executive David Dauch saying on the conference call, according to a FactSet transcript, that guidance includes an estimated impact of lower production in China as a result of the coronavirus outbreak of $25 million. That impact assumes production in China resuming over the second half of February and into early March. The company expects 2020 free cash flow of about $300 million, below expectations of $323 million. The stock has shed 37.4% over the past 12 months, while the S&P 500 has gained 22.9%.

  • C-Suite Rides: Volvo’s S90 is part of company’s electric future (PHOTOS)
    American City Business Journals

    C-Suite Rides: Volvo’s S90 is part of company’s electric future (PHOTOS)

    In 2018, Volvo said 50 percent of its cars would be all-electric-powered by 2025. The company’s big push toward electric has appeared a bit bold for a company that came to the electric car business pretty late. Volvo, owned by Chinese company Geely Holding, wants to grow in China, a country making a huge effort to get more electric cars on its roads.

  • A reminder that Tesla follows its own rules: Morning Brief
    Yahoo Finance

    A reminder that Tesla follows its own rules: Morning Brief

    Top news and what to watch in the markets on Friday, February 14, 2020.

  • China's auto sales may fall 10% in H1 due to coronavirus - industry association
    Reuters

    China's auto sales may fall 10% in H1 due to coronavirus - industry association

    China's auto market, the world's largest, is likely to see sales slide more than 10% in the first half of the year due to the coronavirus epidemic, the country's top auto industry body told Reuters on Friday. "We predict auto sales will drop by more than 10% in the first half of this year, and around 5% for the whole year if the epidemic is effectively contained before April," Fu Bingfeng, executive vice chairman of the China Association of Automobile Manufacturers (CAAM), told Reuters in a written interview. Auto executives say the coronavirus, which has killed more than 1,380 people and infected nearly 64,000 in mainland China, is taking a severe toll on the industry, sapping buyer demand and disrupting supply chains for car makers globally.

  • Bernie Sanders' Economic Plan: A Second Bill of Rights
    Investopedia

    Bernie Sanders' Economic Plan: A Second Bill of Rights

    Bernie Sanders could be elected "Organizer in Chief" in 2020. Here's what that would mean for the American economy.

  • Tesla's Stock Sale Is So Right But Feels So Wrong
    Bloomberg

    Tesla's Stock Sale Is So Right But Feels So Wrong

    (Bloomberg Opinion) -- If it involves a flurry of announcements, filings, subpoena disclosures, a stock with Lebowski levels of insouciance, a surprise equity raise and Larry Ellison backing up the truck, then we must be talking about Tesla.It’s been a busy Thursday morning for the electric-vehicle phenomenon. Not long after Tesla Inc. filed its 10-K annual report, the company announced it would sell up to $2.3 billion worth of new equity, with CEO Elon Musk and director Ellison indicating their “preliminary interest” in buying $10 million and $1 million worth, respectively.The 10-K itself contained several interesting details. There was a reference to a subpoena from the Securities and Exchange Commission seeking information on unspecified contracts and financing arrangements. Regional data for 2019 showed sales in Tesla’s biggest market, the U.S., fell by 15%. Meanwhile, the full cash flow statement confirmed that $204 million of fourth-quarter cash from operations was largely a mix of foreign-exchange gains and amortization and write-down effects. As I wrote here, along with a positive swing in working capital and sales of regulatory credits, those “other” items contributed more than half of Tesla’s free cash flow in the quarter.Let’s stay with free cash flow. Another item in the 10-K was Tesla’s capital expenditure guidance. This is notable because management was unusually reticent on that item when it announced year-end results about two weeks ago, telling investors and analysts to wait for the filing. It is also notable because the new guidance implies a jump of somewhere between 88% and 164% this year — and maybe staying there through 2022.One of the strange things about Tesla is that its valuation and ambitious narrative are pure growth-stock stuff, but its capex in 2019 was more like that of an old car business. At 62%, its ratio of capex to depreciation wasn’t much different from the 54% reported by General Motors Co. Now it seems as if Tesla will make up for that and then some. Plotting the new guidance versus consensus forecasts shows just how much last year stood out in this regard.The final capex bill for 2019 was $1.3 billion. That’s about $1.2 billion lower than the original guidance given a year ago. Meanwhile, Tesla’s free cash flow in 2019 was $1.1 billion.Which brings us back to the surprise equity raise. It’s a surprise because, about two weeks ago, Musk answered a question on this very subject by saying “it doesn’t make sense to raise money because we expect to generate cash despite this growth level.” It’s also a surprise because Tesla had $6.3 billion of cash and equivalents on its balance sheet at the end of December. Plus, the company expects “positive quarterly free cash flow going forward, with possible temporary exceptions.” Certainly, current consensus forecasts for free cash flow imply Tesla could absorb the jump in capex without resort to new financing.It shouldn’t be that surprising, though. Tesla’s stock has gone parabolic. Just six months ago, a $2.3 billion equity raise would have diluted shareholders by almost 6%; at today’s price, it’s just 1.6%. Investors may as well be begging the company to sell more equity (Musk’s compensation package encourages this too).In that sense, Tesla is doing the sensible thing by giving the punters what they want and shoring up its balance sheet. And yet, alongside the stalled growth in revenue, losses and capex-budget boomerang, doing the sensible thing also happens to undercut the price-boosting narrative that Tesla has turned the corner on self-funding. Even if companies can sell equity cheaply, they tend not to do so unless they think they need the money. To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    FOCUS-Hyundai bet big on China. Now coronavirus is twisting its supply chain

    South Korean car giant Hyundai Motor has increasingly relied on China to supply auto parts to its manufacturing hub at home in recent years. One of its main suppliers, Kyungshin, which has rapidly boosted capacity in China over the past two decades to capitalise on the country's lower labour costs and proximity to South Korea, has seen its operations hit hard by the epidemic.

  • 10 Companies' Profits Just Sailed Past All Expectations
    Investor's Business Daily

    10 Companies' Profits Just Sailed Past All Expectations

    Earnings season is turning out better than anyone thought. But investors find most S&P; 500 companies sailing past forecasts aren't necessarily good stocks.

  • GM to retire iconic Australian Holden brand
    Reuters Videos

    GM to retire iconic Australian Holden brand

    US car giant General Motors is scaling back its operations from unprofitable markets, outside of the United States and the latest car brand to be axed is Australia's Holden brand. GM International Senior Vice President, Julian Blissett made the announcement on Monday. (SOUNDBITE) (English) GM INTERNATIONAL OPERATIONS SENIOR VICE PRESIDENT, JULIAN BLISSETT, SAYING: "And I can confirm to you that GM has taken the very difficult decision to wind down Holden operations in Australia and New Zealand by 2021. This was an agonising decision for us and one that we didn't make lightly or easily. The wind down will take place through this year and will impact all functions with the exception of aftersales." The first Holden car rolled off the production line in 1948 and in its heyday the company employed thousands. But it ceased production three years ago and cut jobs to around 600. For many the news was an emotional moment and Australia's industry minister Karen Andrews captured the mood with her own story: (SOUNDBITE) (English) MINISTER FOR INDUSTRY, SCIENCE AND TECHNOLOGY, KAREN ANDREWS, SAYING: "My first car was a Holden Torana that I bought from from grandfather, so like many Australians Holden has a place in my personal history and Holden is a manufacturer, it is a vehicle that is near and dear to many Australian hearts. So it's disappointing that this is the end of an era." GM also announced that China's Great Wall Motors will buy its Thailand car manufacturing plant. GM says the restructuring of its global business will produce profit margins and represent a "$2 billion" improvement from two years ago. Back in Australia -the news was hard for the government to swallow. (SOUNDBITE) (English) MINISTER FOR INDUSTRY, SCIENCE AND TECHNOLOGY, KAREN ANDREWS, SAYING: "It was only a couple of hours ago that the government was advised that Holden was walking away from Australia and Australians. This is a very disappointing outcome, it's disappointing because there will be several hundred workers that are about to lose their jobs because of this decision." GM said they would continue to support existing Holden customers with spare parts, servicing for at least the next 10 years.