GM - General Motors Company

NYSE - Nasdaq Real Time Price. Currency in USD
34.90
+0.49 (+1.42%)
As of 11:14AM EST. Market open.
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Previous Close34.41
Open34.53
Bid34.86 x 2900
Ask34.87 x 900
Day's Range34.53 - 35.02
52 Week Range32.97 - 41.90
Volume2,542,905
Avg. Volume9,893,563
Market Cap49.871B
Beta (5Y Monthly)1.34
PE Ratio (TTM)7.64
EPS (TTM)4.57
Earnings DateMay 05, 2020
Forward Dividend & Yield1.52 (4.37%)
Ex-Dividend DateMar 04, 2020
1y Target Est47.12
  • Australian PM 'angry' at General Motors decision
    Reuters Videos

    Australian PM 'angry' at General Motors decision

    Morrison added that Australian taxpayers put billions into this multinational company. "They let the brand just wither away on their watch," he told reporters in Melbourne. Like Britain, Australia and New Zealand are right-hand drive markets. With sales of GM's Australian Holden brand plummeting, the company could not justify the investment to continue building right-hand drive vehicles. "Tax payers were giving a multi-national extra money, year after year, and at the end of the day they walked away. And I think that says everything you need to know about the success of those sorts of policies," said Morrison.

  • 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.

  • GM to lay off 1,500 in Thailand following sale to Great Wall
    Autoblog

    GM to lay off 1,500 in Thailand following sale to Great Wall

    General Motors will begin laying off around 1,500 employees in Thailand in June, after announcing the sale of its production plants in the country, a government official said on Wednesday. GM said on Monday it would sell its two plants in the eastern industrial province of Rayong to China's Great Wall Motor. Jak Punchoopet, adviser to the Minister of Labour, told Reuters all of the Rayong plants' employees would be laid off under the terms of GM's sale agreement with Great Wall.

  • General Motors to lay off all 1,500 plant workers in Thailand following sale
    Reuters

    General Motors to lay off all 1,500 plant workers in Thailand following sale

    General Motors will begin laying off around 1,500 employees in Thailand in June, after announcing the sale of its production plants in the country, a government official said on Wednesday. GM said on Monday it would sell its two plants in the eastern industrial province of Rayong to China's Great Wall Motor . Jak Punchoopet, adviser to the Minister of Labour, told Reuters all of the Rayong plants' employees would be laid off under the terms of GM's sale agreement with Great Wall.

  • China’s tourism, automotive industries sink amid COVID-19 outbreak
    MarketWatch

    China’s tourism, automotive industries sink amid COVID-19 outbreak

    China’s extraordinary economic growth over the past four decades transformed the country into the world’s second-biggest economy. The key to this growth is global trade. China is not only the largest trading partner in the world, but it is also central to a myriad of supply chains.

  • CARZ ETF Gains on Tesla's Rally Despite Mixed Auto Earnings
    Zacks

    CARZ ETF Gains on Tesla's Rally Despite Mixed Auto Earnings

    Tesla's relentless rally is providing support to the automobile ETF amid mixed earnings results.

  • American Axle's (AXL) Q4 Earnings Trump Estimates, Down Y/Y
    Zacks

    American Axle's (AXL) Q4 Earnings Trump Estimates, Down Y/Y

    American Axle (AXL) projects full-year 2020 sales and adjusted EBITDA of $5.8-$6 billion and $930-$960 million, respectively.

  • Benzinga

    GM Ceases Operations In Australia, New Zealand, Thailand, Ends Iconic Holden Brand

    "I've often said that we will do the right thing, even when it's hard, and this is one of those times," GM Chairman and CEO Mary Barra said in a statement. GM has been winding down in international markets where it has struggled to turn profits since at least 2015. According to the automaker, while many emotions may be attached to the iconic brand, the economics doesn’t support its presence in right-hand-drive markets, most of the Commonwealth countries, like Australia and New Zealand.

  • GuruFocus.com

    Berkshire Hathaway Buys The Kroger Co, Occidental Petroleum Corp, Biogen Inc, Sells Wells Fargo ...

    Warren Buffett's Berkshire Hathaway Q4 portfolio update Continue reading...

  • 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.