General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, and Wuling brand names. The company also sells trucks, crossovers, and cars to dealers for consumer retail sales, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, it offers safety and security services for retail and fleet customers, including automatic crash response, emergency services, roadside assistance, crisis assist, stolen vehicle assistance, and turn-by-turn navigation, as well as connected services comprising mobile applications for owners to remotely control their vehicles and electric vehicle owners to locate charging stations, on-demand vehicle diagnostics, smart driver, marketplace in-vehicle commerce, connected navigation, SiriusXM with 360L, and 4G LTE wireless connectivity. Further, the company provides automotive financing services; and operates an online store. General Motors Company was founded in 1908 and is headquartered in Detroit, Michigan.
IPO Year: 2010
Exchange: NYSE
Website: gm.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/25/2024 | $55.00 | Outperform | Bernstein |
3/15/2024 | $44.00 | Neutral | Piper Sandler |
1/24/2024 | $40.00 | Neutral | Redburn Atlantic |
1/4/2024 | $42.00 | Peer Perform → Outperform | Wolfe Research |
12/4/2023 | $38.00 → $42.00 | Neutral → Buy | Mizuho |
12/4/2023 | $41.30 | Buy | HSBC Securities |
11/1/2023 | $37.00 | Equal Weight → Overweight | Barclays |
9/13/2023 | $41.00 → $44.00 | Neutral → Buy | UBS |
7/14/2023 | $46.00 → $49.00 | Buy | Goldman |
7/12/2023 | $85.00 → $89.00 | Buy | Citigroup |
WASHINGTON, June 25, 2024 /PRNewswire/ -- GM Defense, a subsidiary of General Motors, is providing commercial battery electric technology in support of the University of Texas at Arlington (UTA) Pulsed Power and Energy Laboratory (PPEL) and Naval Surface Warfare Center Philadelphia Division (NSWCPD). The project, Evaluation of Electric Vehicle Batteries to Enable Directed Energy (EEVBEDE), is funded by the Operational Energy Innovation office of the U.S. Department of Defense (DoD), through its Operational Energy Capability Improvement Fund (OECIF). UTA PPEL will evaluate the technology to understand current capabilities of commercial automotive batteries under dynamic discharge and charge s
DETROIT, June 11, 2024 /PRNewswire/ -- General Motors Co. (NYSE:GM) announced today that its Board of Directors has approved a new share repurchase authorization to repurchase up to $6 billion of the company's outstanding common stock. "The investments GM made in its brands and product portfolio over the last several years, and the company's operating discipline, are delivering consistently strong revenue growth, margins and free cash flow," said Paul Jacobson, GM executive vice president and chief financial officer. "We are very focused on the profitability of our ICE business, we're growing and improving the profitability of our EV business and deploying our capital efficiently. This allo
Bridgestone was named as one of General Motors' top global suppliers of 2023, marking the company's ninth consecutive and 22nd overall recognition for this award.Bridgestone and Firestone brands recently developed cutting-edge tire technologies for General Motors, including key fitments for the Chevrolet Blazer EV and Chevrolet Blazer EV Police Pursuit vehicles. Bridgestone was one of 86 suppliers to receive the honor out of General Motors' network of more than 20,000.NASHVILLE, Tenn., May 23, 2024 /PRNewswire/ -- Bridgestone Corporation (Bridgestone) was recognized by General Motors (GM) as one of its top global suppliers of 2023. The company was awarded this distinction during the GM 32nd
WASHINGTON, May 20, 2024 /PRNewswire/ -- GM Defense, a subsidiary of General Motors, and Mistral Inc., a provider of high-performance, reliable and innovative solutions to U.S. defense and federal agencies, announced the integration of the innovative UVision and Mistral's Hero-120 loitering munition with GM Defense's light tactical utility vehicle. Combining GM Defense's expertise in military mobility with Mistral and UVision's loitering munition technology enables the companies to support the tactical needs of a modernized force. The GM Defense utility concept vehicle is base
This marks the tenth time the company has been awarded this recognition BELLEVILLE, Mich., April 25, 2024 /PRNewswire/ -- General Motors ("GM") has recognized Ascent Global Logistics ("Ascent"), a leading global provider of expedited, time-critical logistics solutions, as a 2023 Supplier of the Year. GM recognized 86 of its top global suppliers at its 32nd annual Supplier of the Year event in Miami, Florida, earlier this month. GM's Supplier of the Year award recognizes global suppliers that distinguish themselves by exceeding GM's requirements, in turn providing customers wit
Worthington Steel, Inc. (NYSE:WS) today announced that it was named a GM Supplier of the Year winner in General Motors' 32nd annual Supplier of the Year awards. This is the Company's third time achieving this distinction. It previously won recognition in 2020 and 2021 as part of Worthington Industries. "Our employees and dedicated GM account team exemplify what it means to put our customers first. They are proactive, solution-focused and committed to finding new ways to add value every day," said Worthington Steel president and CEO Geoff Gilmore. "We're honored to be recognized for their efforts and look forward to our continued collaboration with GM in their pursuit to pioneer innovation
DETROIT, April 23, 2024 /PRNewswire/ -- General Motors Co. (NYSE:GM) today reported first-quarter 2024 revenue of $43.0 billion, net income attributable to stockholders of $3.0 billion and EBIT-adjusted of $3.9 billion. GM is also updating its 2024 full-year earnings guidance: Updated 2024 Guidance Previous 2024 Guidance Net income attributable to stockholders $10.1 billion - $11.5 billion $9.8 billion - $11.2 billion EBIT-adjusted $12.5 billion - $14.5 billion $12.0 billion - $14.0 billion Automotive operating cash flow $18.3 billion - $21.3 billion $18.0 billion - $21.0 billion Adjusted automotive free cash flow $8.5 billion - $10.5 billion $8.0 billion - $10.0 billion EPS-diluted $8.94 -
DETROIT, April 22, 2024 /PRNewswire/ -- General Motors Co. (NYSE:GM) announced today that its Board of Directors has declared a second-quarter 2024 cash dividend on the company's outstanding common stock of $0.12 per share payable June 20, 2024, to all common shareholders of record as of the close of trading on June 7, 2024. General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick,
WARREN, Mich., April 19, 2024 /PRNewswire/ -- Universal Logistics Holdings, Inc. (NASDAQ:ULH) was named a 2023 Supplier of the Year by General Motors ("GM"). GM celebrated honorees at its 32nd annual Supplier of the Year event in Miami, Florida last week. A global, cross-functional GM team rigorously selects Supplier of the Year award winners based on performance, innovation, cultural alignment with GM's values, and commitment to achieving GM's ambitious goals. This is the third time Universal has won this award. "Being named Supplier of the Year by GM is a humbling validation
GM Energy's initial product offerings for home customers are now available for purchase through a newly launched e-commerce platformFlexible GM Energy bundle offerings and software integration through GM vehicle brand apps provide customers with greater control over personal energy management between vehicle, home and other productsEnergy Live platform provides educational resource to learn more about benefits of personal energy management, grid resiliency and an all-electric lifestyleDETROIT, April 18, 2024 /PRNewswire/ -- As EV technology continues to evolve, GM is working toward elevating the overall ownership experience by introducing new ways for customers to unlock additional value and
Bernstein initiated coverage of General Motors with a rating of Outperform and set a new price target of $55.00
Piper Sandler initiated coverage of General Motors with a rating of Neutral and set a new price target of $44.00
Redburn Atlantic initiated coverage of General Motors with a rating of Neutral and set a new price target of $40.00
Wolfe Research upgraded General Motors from Peer Perform to Outperform and set a new price target of $42.00
Mizuho upgraded General Motors from Neutral to Buy and set a new price target of $42.00 from $38.00 previously
HSBC Securities initiated coverage of General Motors with a rating of Buy and set a new price target of $41.30
Barclays upgraded General Motors from Equal Weight to Overweight and set a new price target of $37.00
UBS upgraded General Motors from Neutral to Buy and set a new price target of $44.00 from $41.00 previously
Goldman reiterated coverage of General Motors with a rating of Buy and set a new price target of $49.00 from $46.00 previously
Citigroup reiterated coverage of General Motors with a rating of Buy and set a new price target of $89.00 from $85.00 previously
Most electric vehicle stocks advanced in the week that ended on July 5, led by market leader Tesla, Inc. (NASDAQ:TSLA), with the broader market strength also contributing to the upside. Tesla shares are now in the green after the company reported better-than-feared deliveries. Here are the key events that happened in the EV space during the week: Tesla Knocks Off Lowered Number: After prolonged weakness, Tesla shares turned the corner, thanks to a second-quarter deliveries report that came in better than expectations. Analysts attributed the positive number to the lavish financing options facilitated by the company. Skeptics weren’t impressed as they pointed to the sharply lowered esti
This week, Ford Motor Company (NYSE:F) revealed it had its second-best quarter despite challenges as its U.S. EV sales improved both during the quarter and in June. General Motors (NYSE:GM) also posted its best quarterly sales figures in more than three years and it owes it to notable increases in pickup truck and EV sales. Moreover, its second quarter EV deliveries reached a record, while its full-size pickup truck deliveries were the highest since 2021. General Motors In the second quarter, GM delivered 696,086 vehicles, marking a 0.6% YoY increase and highest since the fourth quarter of 2020. GM reported record EV sales that grew 40% YoY to 21,930, boosted by a jump in deliveries of the
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA CALL SWEEP BULLISH 07/05/24 $250.00 $40.9K 21.8K 243.5K GM CALL TRADE NEUTRAL 07/12/24 $47.00 $2
Dearborn-based automaker Ford Motor Co (NYSE:F) sold 23,957 EVs in the second quarter in the U.S., trumping rival General Motors Co‘s (NYSE:GM) EV sales but lagging behind EV giant Tesla Inc (NASDAQ:TSLA). What Happened: Ford sold a total of 23,957 EVs from April to June, marking a 61.4% jump from the corresponding quarter of last year. The surge in sales was mostly due to the popularity of its Mustang Mach-E SUV of which the company sold 12,645 units. The F-150 Lightning electric pickup truck was the second best-selling EV from the company, followed by its E-transit electric vans. ModelQ2 Sales In U.S.Mustang Mach-E12,645F-150 Lightning7,902E-transit3,410Total23,957 The two
Successful traders know that some price levels are more important than others. They are called support and resistance levels. This is important because stocks tend to reverse when they reach them, and this is when trading profits can be made. These levels form because of investor and trader psychology. Seller's remorse is a common dynamic, and it can be seen on the chart of General Motors Company (NYSE:GM). Our team of technical analysts have made it our Stock of the Day. As you can see on the chart, General Motors found support around the $42.50 level in mid-April. After this, the shares rallied. Then in late May another selloff occurred and once again the shares found supp
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Consumer Discretionary sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA CALL SWEEP BULLISH 07/05/24 $250.00 $40.9K 21.8K 243.5K GM CALL TRADE
Shares of automobile major General Motors Co (NYSE:GM) are trading lower today. The company has agreed to retire approximately 50 million metric tons of greenhouse gas credits to address excess CO2 emissions identified by the U.S. Environmental Protection Agency (EPA). This agreement follows an EPA investigation that revealed excess emissions from around 5.9 million GM vehicles from the 2012-2018 model years. The company will also pay a $145.8 million penalty. The National Highway Traffic Safety Administration (NHTSA) announced that GM would pay the penalty for fuel economy compliance issues and cancel over 30.6 million fuel economy credits for the 2008-2010 model years, reported Re
Detroit-based automaker General Motors Co. (NYSE:GM) said on Tuesday that the company has sold nearly 22,000 EVs in the U.S. in the second quarter, thanks to the rising popularity of its Cadillac Lyriq SUV. What Happened: GM sold 21,930 EVs in the second quarter, marking a jump of over 40% from the corresponding quarter of last year. The sales were mostly buoyed by the Cadillac Lyriq SUV starting at nearly $60,000, of which the company sold nearly 7,300 units, making up for the year-on-year drop in sales of the Chevrolet Bolt which the company discontinued in late 2023. GM sold only 1,374 units of the Bolt in the second quarter, down from the 13,959 sold in the second quarter of 2023.
CDK statement: 'We are ahead of the anticipated schedule, and as of this morning, substantially all dealer connections are live on the Dealer Management System.'https://www.autonews.com/retail/cdk-outage-reboot-substantially-all-dealer-connections-are-live
- Bloomberg
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DETROIT, June 11, 2024 /PRNewswire/ -- General Motors Co. (NYSE:GM) announced today that its Board of Directors has approved a new share repurchase authorization to repurchase up to $6 billion of the company's outstanding common stock. "The investments GM made in its brands and product portfolio over the last several years, and the company's operating discipline, are delivering consistently strong revenue growth, margins and free cash flow," said Paul Jacobson, GM executive vice president and chief financial officer. "We are very focused on the profitability of our ICE business, we're growing and improving the profitability of our EV business and deploying our capital efficiently. This allo
DETROIT, April 23, 2024 /PRNewswire/ -- General Motors Co. (NYSE:GM) today reported first-quarter 2024 revenue of $43.0 billion, net income attributable to stockholders of $3.0 billion and EBIT-adjusted of $3.9 billion. GM is also updating its 2024 full-year earnings guidance: Updated 2024 Guidance Previous 2024 Guidance Net income attributable to stockholders $10.1 billion - $11.5 billion $9.8 billion - $11.2 billion EBIT-adjusted $12.5 billion - $14.5 billion $12.0 billion - $14.0 billion Automotive operating cash flow $18.3 billion - $21.3 billion $18.0 billion - $21.0 billion Adjusted automotive free cash flow $8.5 billion - $10.5 billion $8.0 billion - $10.0 billion EPS-diluted $8.94 -
DETROIT, April 22, 2024 /PRNewswire/ -- General Motors Co. (NYSE:GM) announced today that its Board of Directors has declared a second-quarter 2024 cash dividend on the company's outstanding common stock of $0.12 per share payable June 20, 2024, to all common shareholders of record as of the close of trading on June 7, 2024. General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick,
DETROIT, Jan. 30, 2024 /PRNewswire/ -- General Motors Co. (NYSE:GM) today reported fourth-quarter 2023 revenue of $43.0 billion, net income attributable to stockholders of $2.1 billion and EBIT-adjusted of $1.8 billion. GM reported full-year 2023 revenue of $171.8 billion, net income attributable to stockholders of $10.1 billion and EBIT-adjusted of $12.4 billion. The chart below summarizes GM's 2023 financial guidance and 2023 results, as well as the company's 2024 guidance, which is for a year of strong financial performance. Final 2023 Guidance 2023 Results 2024 Guidance Net income attributable to stockholders $9.1 billion - $9.7 billion $10.1 billion $9.8 billion - $11.2 billion EBIT-ad
DETROIT, Jan. 29, 2024 /PRNewswire/ -- General Motors Co. (NYSE:GM) announced today that its Board of Directors has declared a first-quarter 2024 cash dividend on the company's outstanding common stock of $0.12 per share payable March 14, 2024, to all common shareholders of record as of the close of trading on March 1, 2024. This represents a 33% increase over GM's previous quarterly dividend. General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries an
DETROIT, Nov. 29, 2023 /PRNewswire/ -- General Motors Co. (NYSE:GM) announced today it is reinstating its full-year 2023 earnings guidance. In addition, the company announced a $10 billion accelerated share repurchase (ASR) program and its intention to increase its common stock dividend by 33% beginning with the January 2024 declaration. "GM will deliver very strong profits in 2023 thanks to an exceptional portfolio of vehicles that customers love and our operating discipline," said GM Chair and CEO Mary Barra. "We are finalizing a 2024 budget that will fully offset the incremental costs of our new labor agreements and the long-term plan we are executing includes reducing the capital intens
DETROIT, July 25, 2023 /PRNewswire/ -- General Motors Co. (NYSE:GM) today reported second-quarter 2023 revenue of $44.7 billion, net income attributable to stockholders of $2.6 billion and EBIT-adjusted of $3.2 billion. The results include a $792 million charge for new commercial agreements GM has with LG Electronics and LG Energy Solution. The charge reflects the conscious decision GM made during the Chevrolet Bolt EV and Bolt EUV recall to serve customers in ways that go beyond traditional remedies, and GM is taking new steps that will reduce its costs and improve EV margins over time. GM is also updating its full-year 2023 guidance for the second consecutive quarter: U.S. GAAP net income
DETROIT, July 24, 2023 /PRNewswire/ -- General Motors Co. (NYSE:GM) announced today that its Board of Directors has declared a third-quarter 2023 cash dividend on the company's outstanding common stock of $0.09 per share payable Sept. 14, 2023, to all common shareholders of record as of the close of trading on Sept. 1, 2023. General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick,
DETROIT, April 25, 2023 /PRNewswire/ -- General Motors Co. (NYSE:GM) today reported first-quarter 2023 revenue of $40.0 billion, net income attributable to stockholders of $2.4 billion and EBIT-adjusted of $3.8 billion. GM is also updating its full-year 2023 earnings guidance: U.S. GAAP net income attributable to stockholders of $8.4 billion-$9.9 billion, compared to the previous outlook of $8.7 billion-$10.1 billion, including $0.9 billion of charges related to the voluntary separation programEBIT-adjusted of $11.0 billion-$13.0 billion, compared to the previous outlook of $10.5 billion-$12.5 billionU.S. GAAP net automotive cash provided by operating activities of $16.5 billion-$20.5 billio
DETROIT, April 24, 2023 /PRNewswire/ -- General Motors Co. (NYSE:GM) announced today that its Board of Directors has declared a second-quarter 2023 cash dividend on the company's outstanding common stock of $0.09 per share payable June 15, 2023, to all common shareholders of record as of the close of trading on June 2, 2023. General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick,
SDVerse serves as a ‘matchmaking' platform between buyers and sellers of embedded automotive softwareFocuses on matching automotive software buyers and sellers, over captive software developmentThe digital platform increases transparency and reduces inefficiencies in software development and procurementAmpere*, FEV, Forvia, HL Mando, NXP Semiconductors, TTTech Auto, and Valeo lead a "Launch Partner" group supporting SDVersePrashant Gulati has been named CEO of the new SDVerse organization effective March 5th, 2024 DETROIT, March 05, 2024 (GLOBE NEWSWIRE) -- General Motors (GM), global automotive supplier Magna, and leading technology services and consulting company Wipro Limited, have tea
Developed in partnership with General Motors, Girl Scouts' new playbook will serve as a comprehensive guide for adults, geared to get girls of all grade levels interested in science, technology, engineering and mathematics (STEM). NEW YORK, Feb. 7, 2024 /PRNewswire/ -- Today, Girl Scouts of the USA (GSUSA), the largest girl-led organization in the world, announces a new STEM Playbook, offering guidance, resources and support to all staff, volunteers and caregivers on how to continue sparking girls' interest in STEM. This multifaceted playbook, supported by General Motors, provides adults with ideas to help create hands-on, exciting activities to engage their Girl Scouts in STEM.
Chair Mary J. Guilfoile, Who Has Served With Distinction, to Step Down Following the 2024 Annual Meeting William S. Simon and Jill Sutton, Who Collectively Possess Experience in Capital Allocation, Corporate Governance and Transformations, Have Been Added to the Board Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced that Mary J. Guilfoile will step down as Chair and retire from the Board of Directors (the "Board") following the 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The Board will elect a new Chair following Ms. Guilfoile's retirement. Add
LOS ANGELES, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises General Motors Company ("GM" or the "Company") (NYSE:GM) investors that a lawsuit was filed on behalf of investors that purchased Archer-Daniels-Midland securities between February 10, 2021 and October 26, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. General Motors (GM), a global
Former Corporate Vice President of R&D for General Motors Joins Accomplished Executives and Industry Pioneers from Procter & Gamble, Vonage, and Dataminr Wejo, a global leader in connected vehicle data, today announced the appointment of Lawrence D. Burns, former Corporate Vice President of Research and Development at General Motors, to its Board of Directors. Mr. Burns' appointment will take effect following its upcoming business combination with Virtuoso Acquisition Corp. (NASDAQ:VOSO) ("Virtuoso"). Mr. Burns joins a board that includes directors with diverse and complementary backgrounds in areas critical to Wejo's business. Non-executive directors include Timothy Lee, Chairman of the