GM - General Motors Company

NYSE - Nasdaq Real Time Price. Currency in USD
37.10
-0.09 (-0.26%)
As of 12:25PM EST. Market open.
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Previous Close37.19
Open37.10
Bid37.01 x 1200
Ask37.02 x 1000
Day's Range36.97 - 37.44
52 Week Range31.46 - 41.90
Volume3,191,094
Avg. Volume8,206,253
Market Cap51.078B
Beta (3Y Monthly)1.42
PE Ratio (TTM)6.04
EPS (TTM)6.14
Earnings DateFeb 5, 2020
Forward Dividend & Yield1.52 (4.09%)
Ex-Dividend Date2019-12-05
1y Target Est47.50
  • Startups Like Uber and Airbnb See All. You Do Not.
    Bloomberg

    Startups Like Uber and Airbnb See All. You Do Not.

    (Bloomberg Opinion) -- Startups and tech companies such as Uber, Airbnb, Gojek, Bird and Compass operate in many cities and often multiple countries, and they typically have a repeatable playbook for each time they arrive in a new place.What Gojek, the food delivery and rides startup in Southeast Asia, learns about optimal pay for couriers in Jakarta can translate, at least in part, to Ho Chi Minh City. Airbnb’s experience in navigating local bureaucracies has been honed from its experience in hundreds of cities around the world.That’s not necessarily true for the people, industries and policy makers with whom these companies work. The Gojek courier in Ho Chi Minh City doesn’t necessarily know how to avoid the pitfalls his counterparts in Jakarta already encountered. A city planner in New York may not have the luxury of learning from a counterpart in Paris what taxes or guardrails were effective for Airbnb rentals in that city.The companies are armed with centralized knowledge and act consistently based on those experiences. On the other side, there is often highly fragmented knowledge and action by the contract drivers, homeowners, mom-and-pop restaurants, local real estate agents, trucking companies and governments that deal with startups trying to shake up how the real world functions.This imbalance is what I think about when I read articles like this one about hotel operators, delivery couriers and others who feel they got the short end of the stick from startups backed by SoftBank Group Corp. or its Vision Fund. Bloomberg News has also covered the continuing city-by-city or state-by-state efforts to tax or put limits on on-demand companies such as Airbnb and Uber. (Disclosure: A family member works for a labor organization that has advocated for legislation of short-term home rentals, such as those provided by Airbnb.)There are exceptions. Chain restaurants that deal with delivery startups have the advantage of identifying patterns in their dealings with the tech disruptors, as do multi-city adversaries such as hotel industry trade groups. U.S. cities that were caught off guard by on-demand ride services a few years ago learned to move more quickly when scooter-rental companies came to town. It helped that cities could force companies to comply by impounding scooters, said Brooks Rainwater, director of the Center for City Solutions at the National League of Cities.Coordinated knowledge and action isn’t easy, though. In recently published research on regulating ride-hail services, the New York University Rudin Center for Transportation found that local policy makers were so overwhelmed that it was difficult for cities to learn best practices from one another. Rainwater said that some cities were coordinating a few years ago on effective policies for on-demand ride companies. Then the companies and some lawmakers pushed to take action out of city planners’ hands in favor of statewide rules. Meera Joshi, an NYU visiting scholar and one of the authors of the Rudin Center’s report, said some cities are coordinating directly or have been inspired by others. Mexico City is taking steps that may lead to sliding, per-kilometer fees for on-demand rides similar to those of Sao Paulo, which imposed the surcharges to mitigate traffic congestion. New York and Chicago, she said, gained confidence from talking to each other about compelling ride companies to provide data that can help cities with transportation planning and other goals. The superior knowledge and power of sprawling companies isn’t unique to on-demand startups, of course. When General Motors builds a factory, Walmart opens a distribution center and Amazon pushes for a local tax break, the lawmakers, workers and business partners with whom they’re dealing probably don’t have the same experience as a company that has gone through this process many times before.The scale of the startups, however, is on a whole other level. Uber had 3.9 million contract drivers and couriers working on its system at the end of 2018, and it operates in more than 700 cities. There are more than 100,000 cities with Airbnb listings and more than 7 million listings globally. There are not 100,000 cities with a Walmart.The bigger the startups get, the more the parties they deal with will become fragmented. That is a lot of people potentially learning from scratch how to work a system the companies have mastered.A version of this column originally appeared in Bloomberg’s Fully Charged technology newsletter. You can sign up here.To contact the author of this story: Shira Ovide at sovide@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Reuters

    UPDATE 1-U.S. Senate to hold Nov. 20 hearing on testing, deployment of self-driving cars

    The U.S. Senate Commerce Committee will hold a Nov. 20 hearing on the testing and deployment of self-driving vehicles that will include top U.S. safety officials, as Congress has struggled to pass legislation on autonomous vehicles. The hearing will come one day after the National Transportation Safety Board (NTSB) meets to determine the probable cause of a March 2018 Uber Technologies Inc self-driving vehicle crash that killed a pedestrian in Arizona. Documents made public by the NTSB last week show Uber's system had significant flaws and was not programmed to detect a jaywalking pedestrian.

  • GuruFocus.com

    US Indexes Close Mostly Higher Wednesday

    S&P; 500 gains 0.07% Continue reading...

  • American City Business Journals

    Automotive Minute: Nissan listened to customers, committed to dealer training for 2020 Titan launch

    In the ultra-competitive truck market, the Big Three are making it difficult for Nissan and Toyota to gain market share. Nissan has a plan to fix that, writes Eileen Falkenberg-Hull.

  • Nissan (NSANY) Earnings Surpass Estimates in Q2, Decline Y/Y
    Zacks

    Nissan (NSANY) Earnings Surpass Estimates in Q2, Decline Y/Y

    Nissan (NSANY) provides 2019 consolidated revenue and operating income guidance of 10.6 billion yen and 150 million yen, respectively.

  • Chinese Electric-Car Maker Swings To Profit, Snaps Losing Streak
    Investor's Business Daily

    Chinese Electric-Car Maker Swings To Profit, Snaps Losing Streak

    Chinese EV maker Kandi Technologies reported Q3 revenue slid 17% but recorded an adjusted profit on a per-share basis.

  • Barrons.com

    Tesla Stock Has Completed a Round Trip From Oblivion. Its Pickup Truck Is the Key to More Upside.

    Tesla stock has come a long way since dropping 46% to start the year. Following the release of its deliveries on June 3, Tesla closed at $178.97, its lowest level since 2017. Since then, it’s been all upside.

  • Oilprice.com

    Apple Co-Founder Gives Up On Self Driving Cars

    While 2030 has been earmarked as the breakthrough year for autonomous vehicles, several industry leaders believe self-driving cars remain little more than a pipedream

  • Reuters

    UPDATE 2-Trump expected to delay European auto tariff decision - EU officials

    U.S. President Donald Trump is expected to announce this week he is delaying a decision on whether to slap tariffs on cars and auto parts imported from the European Union, likely for another six months, EU officials said. The Trump administration has a Thursday deadline to decide whether to impose threatened "Section 232" national security tariffs of as much as 25% on imported vehicles and parts under a Cold War-era trade law. U.S. Commerce Secretary Wilbur Ross, whose agency is overseeing an investigation into the effect of auto imports on U.S. national security, said on Nov. 3 the United States may not need such tariffs after holding "good conversations" with automakers in the European Union, Japan and South Korea.

  • Benzinga

    The Growing Specialty Car Equipment Industry Brings Unlimited Opportunities

    Over the next few years, passenger car sales are expected to drop whereas demand for light trucks is expected to increase as the growth in CUVs is coming largely at the expense of traditional car sales. By 2025, SEMA projects that light trucks that include: pickups, SUVs, CUVs and vans, will represent 69% of all light vehicles sold.

  • Reuters

    UPDATE 1-China's NEV market may contract this year due to subsidy cut-industry assoc

    BEIJING/SHANGHAI, Nov 11 (Reuters) - Fewer new energy vehicles (NEV) could be sold in China this year than in 2018, an official at the country's biggest auto industry association said on Monday, as customers hold back on purchases following a government decision to cut subsidies. Chen Shihua, assistant secretary general at China Association of Automobile Manufacturers (CAAM), made the comment on Monday after the association reported that sales of NEVs fell 45.6% in October from year-ago levels, following a 33% decline in September. "There is a gap between sales to date and where they were last year, so according to the development trend, we may see negative growth for new energy vehicles this year," he said.

  • How one family went from being $55,000 in debt to saving $350,000 — ‘the fun money really allows us spend on junk’
    MarketWatch

    How one family went from being $55,000 in debt to saving $350,000 — ‘the fun money really allows us spend on junk’

    More than 10 years ago Ryan and Courtney Luke were both working, but with nothing to show for it except big cars and big debts. The Phoenix, Ariz. couple was making $72,000 in take-home pay, yet Ryan had $20,000 of debt, between the loan for his Nissan XTerra (NSANY) and the wedding band and engagement ring he bought on a credit card for his bride. With all their money tied up in their cars and debts, they couldn’t afford to spend on other activities or experiences, said Ryan, a 35-year-old police lieutenant at a large law enforcement agency in Arizona.

  • Tesla’s competitors find that going electric has its own set of problems
    MarketWatch

    Tesla’s competitors find that going electric has its own set of problems

    Not all is good in EV Land. Nio, a Chinese electric-car manufacturer vying to become the next Tesla (TSLA) has fallen on hard times. Harley-Davidson (HOG) in mid-October briefly halted the production of its LiveWire electric motorcycle because of problems with charging the vehicle using low-voltage outlets (the ones found in your home or garage).

  • Barrons.com

    GM and Ford Are Ready to Take On Tesla in Electric Pickup Trucks

    Both companies are making investments to ensure their truck leadership for the long-run—even as Tesla and start-ups ramp up.

  • Benzinga

    Workhorse Sees Lordstown Tie-Up Creating New Revenue Streams

    Workhorse Group Inc. (NASDAQ: WKHS) signed several partnership deals to leverage its intellectual property in electric trucks and drones in the third quarter while more than doubling its loss of a year ago. "We are in the final stages of transition from our first-generation vans to the next generation," Workhorse Chief Financial Officer Paul Gaitan said on a Nov. 8 conference call with analysts.

  • The Zacks Analyst Blog Highlights: Toyota Motor, Fiat Chrysler, General Motors, Ford, LKQ and BorgWarner
    Zacks

    The Zacks Analyst Blog Highlights: Toyota Motor, Fiat Chrysler, General Motors, Ford, LKQ and BorgWarner

    The Zacks Analyst Blog Highlights: Toyota Motor, Fiat Chrysler, General Motors, Ford, LKQ and BorgWarner

  • Benzinga

    GM Sells Shuttered Lordstown Plant To Workhorse Founder

    General Motors Co. (NYSE: GM) confirmed the sale of its shuttered Lordstown Assembly complex in northeast Ohio to startup Lordstown Motors Corp., which plans to build a battery-powered electric pickup truck focused on fleet customers. Neither Lordstown Motors Corp. founder Steve Burns nor GM would disclose a sale price for the 6.2 million-square-foot plant that opened in 1966. "The major fundraising starts today," Burns told FreightWaves in a telephone interview Thursday.

  • General Motors (GM) Sells Ohio Plant to Lordstown Motors
    Zacks

    General Motors (GM) Sells Ohio Plant to Lordstown Motors

    General Motors' (GM) Ohio factory sale is expected to turn the Lordstown area into a centre for electric-vehicle manufacturing.

  • Benzinga

    Workhorse Group Trades Higher Despite Weak Q3 Sales

    Workhorse Group (NASDAQ: WKHS ) reported third-quarter sales of $4,000 on Friday, which missed the analyst consensus estimate of $60,000. The company reports third-quarter net loss of $11.5 million versus ...

  • Benzinga

    GM To Sell Lordstown Plant To Startup Electric Truck Company

    General Motors Co. (NYSE: GM) planned to announce Thursday that it has sold its Lordstown, Ohio plant to an electric truck startup, Bloomberg reported. Terms of the deal with Lordstown Motors Corp., which was created to buy the GM plant, weren't disclosed. Shares of Workhorse Group Inc. (NASDAQ: WKHS), which created the affiliated Lordstown Motors and said it planned to have a minority stake in it, shot up nearly 30% on the news.

  • Trump expected to delay auto tariffs decision by six months
    Yahoo Finance Video

    Trump expected to delay auto tariffs decision by six months

    Trump is expected to announce a delay in imposing European auto tariffs for another six months. Yahoo Finance’s Dan Roberts, Anjalee Khemlani, Scott Gamm and Rick Newman discuss on YFi AM.