GM - General Motors Company

NYSE - NYSE Delayed Price. Currency in USD
35.50
-0.07 (-0.20%)
At close: 4:00PM EDT
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Previous Close35.57
Open35.39
Bid35.44 x 4000
Ask0.00 x 800
Day's Range35.26 - 35.56
52 Week Range30.56 - 41.90
Volume5,561,126
Avg. Volume7,875,244
Market Cap50.684B
Beta (3Y Monthly)1.25
PE Ratio (TTM)5.65
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
  • 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.

  • Stocks Quiet on Bank Holiday
    Investopedia

    Stocks Quiet on Bank Holiday

    Homebuilding stocks extended their lead, while consumer spending in the fourth quarter may spur stocks.

  • 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.

  • Ford Motor Stock Could Hit 10-Year Low
    Investopedia

    Ford Motor Stock Could Hit 10-Year Low

    Shares of battered auto manufacturer Ford have entered a critical test at June's multi-year low and could break down in coming months.

  • China’s Auto Market Slowdown Deepens—Ford, GM Reel
    Market Realist

    China’s Auto Market Slowdown Deepens—Ford, GM Reel

    China, the world’s largest auto market, is faltering like never before. September was the 15th month of annual car sales decline for the company.

  • Market Exclusive

    Market Morning: Economists Say Spend More, Viagra For Leukemia, Aerospace Mergers

    Economists Say Spend $2 Trillion to Combat Next Recession In another sign that economics as the study of scarcity and choice has completely lost its way, economists, whose title suggests that they study scarcity and choice and the art of economizing resources, are in general agreement, according to Reuters, that in order to save the […]The post Market Morning: Economists Say Spend More, Viagra For Leukemia, Aerospace Mergers appeared first on Market Exclusive.

  • Reuters

    Sanders unveils economic plan a day before U.S. Democratic debate

    Senator Bernie Sanders, a day before the next debate among the Democratic U.S. presidential candidates, released a plan on Monday underscoring his left-leaning economic views aimed at curbing corporate tax avoidance, tightening antitrust enforcement and empowering workers. Sanders, one of the top three contenders for his party's nomination, said in a statement his plan would raise up to $3 trillion over 10 years by upping the corporate tax rate to 35 percent, eliminating most corporate tax breaks and loopholes, and taking steps to eliminate use of offshore tax havens. The 78-year-old senator from Vermont, set to take part in Tuesday's debate in Ohio after a heart attack this month, has sought to differentiate himself from another top contender for the party's nomination, Senator Elizabeth Warren, who has issued her own set of economic proposals.

  • GuruFocus.com

    General Motors' 3rd-Quarter China Sales Fall

    Cadillac was the only brand to report a sales gain Continue reading...

  • Barrons.com

    The Best Income Investments for a Low-Rate World

    How to sort through the rewards and dangers in short-term paper, corporates, munis, preferred stocks, and taxable bonds.

  • UAW boosts strike pay as GM walkout continues
    Reuters

    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.

  • Tesla's (TSLA) Rally Could Be An Opportunity
    Zacks

    Tesla's (TSLA) Rally Could Be An Opportunity

    The market for electric vehicles is proven, and Tesla not only is the market leader, but it produces the highest-quality vehicles.

  • Mexican motor city 'getting desperate' as GM's U.S. strike takes heavy toll
    Reuters

    Mexican motor city 'getting desperate' as GM's U.S. strike takes heavy toll

    Half a continent away from the auto plants of Detroit, U.S. strikes at General Motors (GM) have sent shivers through the central Mexican city of Silao, where the local GM factory furloughed 6,000 workers last week when parts from the United States ran out. Rich or poor, residents are anxiously hoping the labour dispute will end so the company reopens the plant, which has been an anchor of the local economy since GM arrived a generation ago, transforming the landscape forever. "General Motors is the biggest source of income here.

  • Women CEOs: 5 Names You Should Know
    Market Realist

    Women CEOs: 5 Names You Should Know

    Of all the Fortune 500 companies, only 5% have women CEOs. We rounded up five of the biggest names investors should know. Here's why.

  • 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.

  • The Zacks Analyst Blog Highlights: General Motors, LKQ, Tesla, Volkswagen and AutoZone
    Zacks

    The Zacks Analyst Blog Highlights: General Motors, LKQ, Tesla, Volkswagen and AutoZone

    The Zacks Analyst Blog Highlights: General Motors, LKQ, Tesla, Volkswagen and AutoZone

  • Bloomberg

    In a Post-WeWork IPO World, New Age Auto Startups Now at Risk

    (Bloomberg) -- What could the automotive sector learn from the recent fiasco around rental-office company WeWork? A lot, according to some Sanford C. Bernstein analysts.The collapse of WeWork’s attempted IPO is not only a warning sign for technology startups with inflated valuations -- funded by investors pouring money into unprofitable companies in search of the next Amazon or Netflix -- but, strangely, augers ill for many new companies in the auto industry.They too have have benefited from venture capital money that swarmed into ride-hailing, autonomous driving and electric-vehicle technologies, a team of Bernstein analysts including Max Warburton and Robin Zhu wrote in a note to clients.“It’s hard to think of an industry that’s been the target of as much venture capital spending as automotive,” the analysts wrote, noting that WeWork backer SoftBank has been the single biggest investor in “disruptive” automotive-related technology. The Japanese firm has big holdings in Uber, Ola, Grab, GM Cruise and other autonomous startups, which have all attracted billions more from other investors. “The investment going into these firms has created huge concern and crushed the valuations” of traditional carmakers, the analysts said.The Bernstein analysts said many ride-hailing, mobility & autonomous-driving startups don’t look to have a viable, profit-generating model -- which could be an obstacle when they want to go public. “If their backers can’t exit, then at some point the supply of cheap capital will dry up,” the analysts said.Many electric-vehicle startups have run into challenges recently, with NIO close to failure, Byton possibly being absorbed into FAW and Dyson canceling its electric car project, the analysts said. Faraday and Lucid may never even get started. “Most of these startups will likely fold,” they said, adding that only Rivian, which is backed by Amazon, may prove an exception.“The truth is barriers to entry in autos remain high. Making cars is hard,” the analysts said, adding that the move to electric cars will be expensive and will probably be led by traditional auto companies, with far less disruption than feared.To contact the reporter on this story: Esha Dey in New York at edey@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Scott Schnipper, Jim SilverFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GM urges UAW to speed up talks amid strike: WSJ
    Yahoo Finance Video

    GM urges UAW to speed up talks amid strike: WSJ

    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.