|Bid||44.30 x 2300|
|Ask||44.31 x 1800|
|Day's range||44.21 - 44.95|
|52-week range||31.92 - 46.76|
|PE ratio (TTM)||7.71|
|Forward dividend & yield||1.52 (3.41%)|
|1y target est||N/A|
Tesla (TSLA) is considered a tech company, despite some protestations (if you have doubts just look at its valuation). General Motors' (GM) 28% rise this year has come largely as a result of the willingness to consider the possibility that maybe it is too. Ford's shares have dropped 0.1% so far this year, as investors widely perceive that it's fallen behind GM, Tesla and others in the tech race that's consuming the auto business.
The earnings season is approaching its end. Toyota and Volkswagen scale up operation in EV race. General Motors plans to provide an update on its autonomous vehicles technology status.
GM is expected to make a major announcement next week on self-driving vehicles. Here's what to expect.
CEO Mary Barra said GM's upcoming electric vehicles are being designed with an emphasis on profitability, something that has eluded Tesla so far.
The United States, Mexico and Canada were wrapping up a fifth round of talks to update NAFTA on Tuesday with major differences yet to be resolved, casting doubt on whether a deal could be reached by the end of March 2018 as planned. The 1994 North American Free Trade Agreement underpins much of the more than $1 trillion (£755.69 billion) in annual trilateral trade, and Washington's repeated threats to walk away from the pact unless it is reworked in the United States' favour have spooked markets.
I’d tap into AT&T and General Motors before da Vinci’s diminutive portrait of Salvator Mundi whose authenticity nobody can prove conclusively.
As of November 20, 2017, GM stock was trading on a positive note at $44.88. On October 24, 2017, the stock posted an all-time high of $46.76.
Advance Auto Parts (AAP) stock rose 9.9% last week. General Motors (GM) rose 2.9%, and Tesla (TSLA) rose 4%. That made them last week’s top three gainers for the auto industry.
General Motors (GM) is trading higher Monday, thanks to an upgrade from Guggenheim. Analysts Emmanuel Rosner and Edison Yu upgraded the stock from Neutral to Buy, and boosted their price target from $48 to $52, citing the company's highly-anticipated November 30 event--shades of Tesla (TSLA)?--which should provide greater detail on its vision for autonomous vehicles (AV), and as well as their "increased comfort" around GM's 2018 outlook. Rosner and Yu write that GM will display the "advanced status" of its AV technology, which they believe can give it a competitive advantage in putting (and monetizing) self-driving cars on the road. They write that GM has expressed "notable optimism" about its AVs, and seems confident it can launch a ride-hailing fleet of "robo-taxis" well before 2020 in certain urban areas.
For some reason, Wall Street doesn't want to give shares of General Motors, American Outdoor Brands, or National Oilwell Varco much of a premium.
Guggenheim upgraded shares of General Motors to buy from neutral on Monday, citing the company's "vision for an autonomous future."
It wasn't long ago that some global automakers failed to have a vision beyond the next product cycle. Now, that story has reversed, especially considering a few announcements made this week.
Canada and Mexico will not make counterproposals to U.S. demands for tougher NAFTA automotive content rules but instead will offer rebuttals and pepper American negotiators with technical questions on Monday, people familiar with the talks said. Canada will make a presentation arguing U.S. demands would cause serious damage to U.S. as well as North American automotive manufacturing, a Canadian source with knowledge of the negotiations said.
The time between Thanksgiving and New Year is the best time to buy a new car, but arm yourself with the right information and tools.
Nineteen automakers will have to recall 69 million Takata air bag inflators in 42 million vehicles by 2020. They have replaced only 43 percent of the 43.1 million inflators recalled so far. Here's the completion rate for each automaker as of Oct. 27:
Tesla is a "losing enterprise" that won't last, Bob Lutz, former vice chairman of General Motors, told CNBC on Friday.
In fiscal 3Q17, AAP’s gross profit stood at $948.0 million, about 4.1% lower than its gross profit of $988.0 million in fiscal 3Q16.
Europe's largest carmaker by unit sales will spend more than 34 billion euros (£30.3 billion) on electric cars, autonomous driving and new mobility services by the end of 2022. Several carmakers have unveiled plans to mass produce electric vehicles, spurred on by government crackdowns on engine emissions, falling battery costs and an increasing range of electric cars. China has set strict quotas for electric and plug-in hybrid cars that come into effect from 2019.
Nov 17 (Reuters) - Zhejiang Yinlun Machinery Co Ltd * Says it receives contract from U.S. General Motors Co and SAIC General Motors Corp to supply cooler from 2021 Source text in Chinese: http://bit.ly/2A6RcmG ...
Wal-Mart and Cisco Systems skyrocketed Thursday on strong earnings reports. They are among several no-growth giants acting like growth stocks as investors see bright futures.
GUANGZHOU/BEIJING (Reuters) - General Motors' (GM.N) Cadillac luxury brand expects its China sales to surge 60 percent in 2017, faster than it had projected at the start of the year, on strong demand from younger buyers, the brand's country chief said. The GM premium brand, which saw a sharp spike in sales after it opened its first dedicated factory in the country last year, had said in January that China sales would continue growing at a double-digit rate but at a slower pace than the roughly 50-percent growth it posted in 2016. Cadillac, relatively late to introduce local production in the world's biggest auto market, is among a second wave of luxury car brands in China that seek to take market share from established brands such as BMW (BMWG.DE), Daimler's (DAIGn.DE) Mercedes-Benz, and Volkswagen's (VOWG_p.DE) Audi.