|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||45.14 - 45.73|
|52 Week Range||30.21 - 46.11|
|PE Ratio (TTM)||7.93|
|Earnings Date||Oct 24, 2017|
|Forward Dividend & Yield||1.52 (3.38%)|
|1y Target Est||42.77|
Australia's near 100-year automotive industry ended on Friday as Holden, a unit of General Motors, closed its plant in South Australia to move manufacturing to cheaper locations. The closure comes a year after Toyota and Ford similarly moved out, eliminating thousands of manufacturing jobs. "The end of Holden making cars in Australia is a very sad day for the workers and for every Australian.
With range anxiety in the rearview, General Motors’ under-$30,000 electric family car charges into the future. Dan Neil takes it for a looong spin.
General Motors will announce its Q3 2017 earnings on October 24, and after reporting strong sales in August and September, it is likely to be a solid quarter for the company.
Over the last seven weeks, auto stocks have outperformed the broader market with original equipment manufacturers (OEMs) higher 19%, and suppliers climbing 16%, the firm noted.
General Motors (GM) announced that it wants to test a few semi-driverless cars next year on the streets of New York City.
The major market indexes advanced early Friday as the Apple, Boeing and Cisco gave the Dow a boost.
PSA Group (PEUP.PA) Chief Executive Carlos Tavares has signalled possible cost cuts at its Opel unit, noting in a newspaper interview that production costs were at least 50 percent higher than at the company's French factories. "My impression is that many problems are due to the fact that things are out of proportion at Opel, that they consume too much energy, that processes are not efficient enough," Tavares said in an interview published on Friday in Die Welt. The car industry is still a place where there is a lot of waste," Tavares said.
Shares of Ford Motor Company (NYSE:F) struggled Wednesday and closed down about 65 basis points, likely thanks to a new recall. General Motors Company (NYSE:GM) is up an impressive 12% this month, and that’s after falling over the last few sessions. Some 1.3 million Ford F-150 trucks are affected by this door latch recall.
General Motors (GM) registers year-over-year rise in total U.S. vehicles sales for August and September. This should boost investors' confidence in the stock.