General Motors Company
NYSE: GM
$51.81
+$1.47 (+2.9%)
Closing Price on December 20, 2024
GM Articles
Tesla's success continues to be a miracle to some industry experts. It was supposed to be too small to beat large car companies with big balance sheets and dealer networks.
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For the fifth consecutive year, new vehicle sales in the United States topped 17 million. Since the peak in 2016, however, sales are down 2.5%.
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Tesla now has a market value that is almost the total market values of General Motors and Ford combined.
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As shares of Tesla reached an all-time high, its market cap soared to about 49% higher than that of General Motors.
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Electric pickup truck and SUV maker Rivian landed a Christmas present of $1.3 billion in fresh cash as it works to get its first deliveries out the door by late next year.
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China is absolutely critical to U.S. car manufacturers. It is the largest car market in the world, as it moved ahead of the American market in 2009.
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In the last few days, Volkswagen’s Audi division management said it will cut as many as 9,500 people. BMW management has stated it will cut many people as well. Today, Mercedes parent Daimler’s...
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While the average price for a new car in America is nearly $40,000, one sells for barely more than $14,000 and is ideal for people who don't care much about legroom or how much it can carry.
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When Consumer Reports recently released its annual car survey, American luxury car brand Cadillac fell to the bottom of the list.
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If car companies learned anything in the last recession, it is that a sharp drop in car buyers can ruin a manufacturer. GM would certainly find Ford a strong partner as the industry consolidation...
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General Motors reported much-better-than-expected Q3 profits and revenues Tuesday morning despite the recent UAW strike.
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Auto sales should stay steady, moving along at a near-record pace, in October. However, some car companies will suffer a fall-off in sales.
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When GM reports third-quarter results Tuesday, the company will be aiming to clear an earnings bar that is a third lower than it was just three months ago. Labor strikes will do that.
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GM's union 46,000 union employees on Friday will complete voting on a new contract. If the deal is approved, Ford and Chrysler negotiations will go into high gear.
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GM reportedly has finalized a settlement to end a multiweek strike by the United Auto Workers union. With earnings season kicking off, there will be more of a focus the strike's price tag for GM.
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