General Motors Company
NYSE: GM
$49.85
-$1.15 (-2.3%)
Closing Price on January 10, 2025
GM Articles
New car registrations in the European Union for the month of September totaled 1.46 million units, a volume record for the month.
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Fiat Chrysler on Monday night reached an 11th-hour agreement with its Canadian labor union that dodged a strike set to begin at midnight.
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Toyota claims more than two-thirds of the U.S. market for hybrid car sales. Not exactly a surprise because the company's Prius was the first mass-produced hybrid car on the market.
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The good news for buyers is that competition among the U.S. pickup makers is generating steep discounts as automakers launch an end-of-the-year price war.
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The three top-selling vehicles in the United States tend to remain the same month after month, but natural order dissolved in September.
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Global demand for new cars and light trucks is softening and analysts at Moody's Investors Service rates the automakers' outlook for the next 12 to 18 months as negative.
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Costco Wholesale has announced that it will offer 29 different General Motors cars during what is now an annual holiday sales event.
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Regardless of what rates do, these four companies should do fine as they have very strong and mature businesses.
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Sales in September were down more than 2% year over year for the country's best-selling vehicle. Sales of Silverado pickups plunged more than 15%.
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General Motors on Monday posted total September U.S. sales fractionally lower than a year ago but better than analysts expected.
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Tesla's third-quarter numbers are impressive, but not nearly what is needed to hit the company's goal of 500,000 deliveries in 2018.
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Bets against Tesla's stock price are likely justified, as the company is losing a war on three fronts.
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Canadian autoworkers union members voted on and approved a four-year contract agreement with General Motors over the weekend by a margin of nearly two to one.
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Cadillac has offered buyouts to 400 dealers as it tries to improve customer service in the midst of new model launches.
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