GM - General Motors Company

NYSE - NYSE Delayed Price. Currency in USD
36.10
+0.86 (+2.44%)
At close: 4:01PM EST
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Previous Close35.24
Open35.34
Bid0.00 x 900
Ask0.00 x 3200
Day's Range35.24 - 36.29
52 Week Range31.46 - 41.90
Volume10,676,375
Avg. Volume9,131,270
Market Cap52B
Beta (5Y Monthly)1.39
PE Ratio (TTM)5.88
EPS (TTM)6.14
Earnings DateFeb 5, 2020
Forward Dividend & Yield1.52 (4.31%)
Ex-Dividend Date2019-12-05
1y Target Est47.33
  • Cadillac vehicles to go electric by 2030, will get real names
    Autoblog

    Cadillac vehicles to go electric by 2030, will get real names

    The head of General Motors' Cadillac luxury brand said on Thursday that a majority, and possibly all, of the brand's models would be electric vehicles by 2030. Cadillac President Steve Carlisle also said Cadillac was on track for "low double-digit" sales growth in China in 2019, despite a drop in overall sales in the world's largest vehicle market. Retail Cadillac sales in the United States were on track this year for their first increase since 2013, Carlisle said.

  • Barrons.com

    ‘Transportation Is Broken.’ Cruise CEO’s Blog Post Offers a Glimpse Into the Future of Self-Driving Cars

    Dan Ammann, CEO of General Motors’ Cruise automation division, rallied against the automobile’s place in society.

  • Reuters

    UPDATE 1-Cadillac vehicles shifting to electric from gas by 2030 - exec

    The head of General Motors Co's Cadillac luxury brand said on Thursday that a majority, and possibly all, of the brand's models would be electric vehicles by 2030. Cadillac president Steve Carlisle also said Cadillac was on track for "low double-digit" sales growth in China in 2019, despite a drop in overall sales in the world's largest vehicle market. Retail Cadillac sales in the United States were on track this year for their first increase since 2013, Carlisle said.

  • Cadillac vehicles shifting to electric from gas by 2030: executive
    Reuters

    Cadillac vehicles shifting to electric from gas by 2030: executive

    The head of General Motors Co's Cadillac luxury brand said on Thursday that a majority, and possibly all, of the brand's models would be electric vehicles by 2030. Cadillac president Steve Carlisle also said Cadillac was on track for "low double-digit" sales growth in China in 2019, despite a drop in overall sales in the world's largest vehicle market. Retail Cadillac sales in the United States were on track this year for their first increase since 2013, Carlisle said.

  • Reuters

    UPDATE 1-U.S. telecoms, traffic agencies clash on plan to use some auto safety spectrum for Wi-Fi

    The U.S. telecommunications regulator voted on Thursday to advance a plan to split a key spectrum block set aside for auto safety to accommodate the burgeoning number of wireless devices, but the Transportation Secretary warned that doing so could lead to "thousands more deaths" in traffic accidents. The Federal Communications Commission voted Thursday 5-0 to advance the plan to split a block of the 5.9 GHz spectrum band that was reserved in 1999 for automakers to develop technology to allow vehicles to talk to each other, but has so far gone largely unused. Some automakers and the U.S. Transportation Department oppose the proposal to shift a little more than half of the block to wi-fi use.

  • 'Making sure we are here to stay.' GM Tonawanda leaders keep eye on future
    American City Business Journals

    'Making sure we are here to stay.' GM Tonawanda leaders keep eye on future

    The General Motors factory in Tonawanda has successfully launched most of the new products supported by a $300 million corporate investment in 2016. That means a clear view of the next few years, and time again to start thinking about the future.

  • Reuters

    FCC votes 5-0 to advance plan to split spectrum band between auto safety, wi-fi use

    The Federal Communications Commission voted Thursday 5-0 to advance a plan to split a spectrum block set aside for auto safety to accommodate the rapidly growing number of wireless devices. A block of the 5.9 GHz spectrum band was reserved in 1999 for automakers to develop technology to allow vehicles to talk to each other, but it has so far gone largely unused. Some automakers and the U.S. Transportation Department oppose the proposal to shift a little more than half of the block to wi-fi use, saying the spectrum should be used to address the more than 6 million car crashes annually that kill more than 37,000 people on U.S. roads.

  • American City Business Journals

    With the help of an $1.4B expansion, General Motors unveils new 2021 Suburban and Tahoe

    As a $1.4 billion investment in Arlington comes to fruition, General Motors Co. has unveiled the next generation of its Chevrolet Suburban and Tahoe models at the North Texas facility.

  • Benzinga

    Fiat Chrysler, UAW Approve New 4-Year Contract

    The United Auto Workers members' ratification of the collective bargaining agreement closes out the UAW's negotiations with the Big 3 Automakers, a round of talks that included a strike by workers at rival General Motors Company (NYSE: GM). The agreement calls on Fiat Chrysler to double the $4.5 billion it had previously announced it would invest in upgrades and new facilities.

  • Fiat Chrysler's UAW members ratify new four-year contract
    Reuters

    Fiat Chrysler's UAW members ratify new four-year contract

    The United Auto Workers (UAW) union said on Wednesday that rank-and-file members at Fiat Chrysler Automobiles NV have voted in favor of a new four-year labor contract with the automaker, helping the Italian-American firm avoid a strike as it works to merge with France's Groupe PSA. Fiat Chrysler (FCA) and PSA, the maker of Peugeot and Citroen, in October announced a planned $50 billion merger to create the world's fourth-largest automaker. FCA's 47,200 rank-and-file UAW members voted 71% in favor of the new contract.

  • Investopedia

    Ten Stocks That Can Win with the USMCA Deal

    The new USMCA trade pact, the replacement for NAFTA, is heading towards approval and these 10 stocks are poised to reap big benefits.

  • CEO of GM's Cruise driverless vehicle unit hints at offering low-cost shared rides
    Reuters

    CEO of GM's Cruise driverless vehicle unit hints at offering low-cost shared rides

    Ammann did not elaborate on Cruise’s plans in his post. Cruise on Wednesday said it would offer more details at an event in San Francisco on Jan. 21. Cruise previously announced a partnership with Honda Motor Co to develop a purpose-built autonomous vehicle for use in ride-sharing.

  • Bloomberg

    GM’s Former President Calls for the End of Car Ownership

    (Bloomberg) -- Talk about biting the hand that feeds.Dan Ammann, the chief executive officer of a self-driving car startup majority owned by General Motors Co., on Wednesday called solo drivers of gasoline-powered cars “the fundamental problem” behind pollution, congestion and vehicle crashes. His complaint is ironic since as recently as January, Ammann was president of GM, which derives much of its profits from gas-guzzling SUVs and trucks, few of which are owned by commuters who regularly carpool.“Imagine if someone invented a new transportation system and said, ‘I’ve designed a new way of getting around: it’s powered by fossil fuels that will pollute our air. It will congest our cities to the point of inciting rage in its users. Its human operators will be fallible, killing 40,000 Americans — and more than a million people around the world — every year,’” Ammann wrote in a blog post. “You’d say, ‘You’re crazy.’”As head of Cruise LLC, Ammann, 47, is looking to promote the idea that electric, self-driving vehicles purpose built for ride-sharing are the best cure for modern-day urban transportation woes. His old boss, GM CEO Mary Barra, has echoed those comments, but also stressed the need to make money on the company’s current lineup to pay for that transformation to a more sustainable future.GM funds Cruise with $1 billion a year, which it can afford to do thanks to the fat profit margins earned from sales of vehicles like the Chevrolet Tahoe SUV, a revamped and much-larger version of which the company showed off on Tuesday. Notably, the 2021 model lacks an optional electric powertrain or self-driving technology, though GM does have electric SUVs in the works.Meanwhile, Cruise will miss its original goal to launch a self-driven ride-sharing service by the end of this year, something the venture now plans to introduce at an unspecified date.To contact the reporter on this story: David Welch in Southfield at dwelch12@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • American City Business Journals

    Automotive Minute: Completely redesigned 2021 Chevrolet Suburban and Tahoe debut, to be produced in Texas (Photos)

    The Suburban and Tahoe are important vehicles in the Chevrolet lineup. If you don’t factor in Silverado sales, the two SUVs combine to have accounted for nearly 12% of Chevrolet’s sales so far this year.

  • Is bigger better? General Motors increases the size of its SUVs
    American City Business Journals

    Is bigger better? General Motors increases the size of its SUVs

    General Motors is making its 2021 Suburban and Tahoe sport utility vehicles longer with more cargo room.

  • Benzinga

    GM Unveils 2021 Chevrolet Tahoe And Suburban SUVs

    General Motors Company (NYSE: GM ) on Tuesday has unveiled new versions of its full-size Chevrolet Tahoe SUVs, with advanced technology features. What Happened General Motors revealed the first look of ...

  • Insight: How Uber drains carmaker profits in Latin America's biggest market
    Reuters

    Insight: How Uber drains carmaker profits in Latin America's biggest market

    Like many Uber drivers in Sao Paulo, the ride-hailing app's busiest city in the world, Augusto Caio Pereira does not actually own or lease the car he nudges through the city's notorious traffic jams every day. Instead, he rents Brazil's best-selling car, the Chevrolet Onix hatchback, for 390 reais ($93) a week from Localiza Rent a Car, the country's largest rental company. Pereira lost his job at a law firm a few months ago, joining Brazil's 12 million unemployed.

  • How Uber drains carmaker profits in Latin America's biggest market
    Reuters

    How Uber drains carmaker profits in Latin America's biggest market

    Like many Uber drivers in Sao Paulo, the ride-hailing app's busiest city in the world, Augusto Caio Pereira does not actually own or lease the car he nudges through the city's notorious traffic jams every day. Instead, he rents Brazil's best-selling car, the Chevrolet Onix hatchback, for 390 reais ($93) a week from Localiza Rent a Car , the country's largest rental company. Pereira lost his job at a law firm a few months ago, joining Brazil's 12 million unemployed.

  • Reuters

    UPDATE 1-GM, doubling down on big SUVs, unveils longer Chevy Tahoe, Suburban

    General Motors Co could expand the lineup of vehicles using its large truck and sport utility vehicle architecture and sees big opportunities in over-the-air software updates, President Mark Reuss told Reuters on Tuesday. GM, which controls about 70% of the large sport utility market in North America with six models, unveiled the redesigned Chevrolet Tahoe and Suburban, the first of a new generation of large SUVs whose profits will help fund development of electric vehicles that the automaker promises for the future. The 2021 Chevrolet Tahoe, revealed at the arena where the Detroit Red Wings hockey team plays in downtown Detroit, is 6.7 inches longer than the current Tahoe and can carry as much as 122.9 cubic feet of cargo.

  • GM, doubling down on big SUVs, unveils longer Chevy Tahoe, Suburban
    Reuters

    GM, doubling down on big SUVs, unveils longer Chevy Tahoe, Suburban

    General Motors Co could expand the lineup of vehicles using its large truck and sport utility vehicle architecture and sees big opportunities in over-the-air software updates, President Mark Reuss told Reuters on Tuesday. GM, which controls about 70% of the large sport utility market in North America with six models, unveiled the redesigned Chevrolet Tahoe and Suburban, the first of a new generation of large SUVs whose profits will help fund development of electric vehicles that the automaker promises for the future. The 2021 Chevrolet Tahoe, revealed at the arena where the Detroit Red Wings hockey team plays in downtown Detroit, is 6.7 inches longer than the current Tahoe and can carry as much as 122.9 cubic feet of cargo.

  • GM doubles down on SUVs to fund electric future
    Reuters Videos

    GM doubles down on SUVs to fund electric future

    General Motors revealed even bigger SUVs on Tuesday (December 11) that it says will help pay for an electric future. The 2021 Chevrolet Suburban is a longer version of the familiar design...adding over an inch to make it one of the longest passenger vehicles on the market. It shares boomerang-shaped lights with the new Tahoe, which was also unveiled. And - the digital electronics inside are all new. Like Tesla, GM hopes to use new 'over-the-air' wireless software updates to make money or fix problems at a low cost. The company hopes the new models will help fund the development of electric vehicles. Big SUVs are profitable with margins as high as 30 percent. GM controls more than two-thirds of the market for large SUVs in North America. And their Arlington, Texas factory is running 24 hours a day to keep up with demand. With fuel economy rules from President Obama's era, automakers are encouraged to make SUVs even bigger. Cars with a larger 'footprint' have easier CO2 targets to meet. President Donald Turmp says he wants to ease these standards, but he hasn't released a final plan. GM has sided with Trump in a dispute with California, a state that's sued to maintain the stronger Obama standards.

  • General Motors Drives for Change
    Meredith Videos

    General Motors Drives for Change

    What’s next for the future of mobility? General Motors is on a mission to create a world with zero crashes, zero emissions and zero congestion.