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 |
---|---|---|---|
12/11/2024 | $58.00 | Buy → Hold | HSBC Securities |
12/10/2024 | $46.00 → $54.00 | Underweight → Equal-Weight | Morgan Stanley |
10/11/2024 | $49.00 | Buy → Hold | DZ Bank |
9/25/2024 | $47.00 → $42.00 | Equal-Weight → Underweight | Morgan Stanley |
9/23/2024 | $53.00 | Outperform → Mkt Perform | Bernstein |
9/10/2024 | $53.00 | Hold | Deutsche Bank |
9/5/2024 | Peer Perform | Wolfe Research | |
8/5/2024 | Neutral → Reduce | Nomura | |
7/24/2024 | $46.00 → $47.00 | Overweight → Equal-Weight | Morgan Stanley |
4/25/2024 | $55.00 | Outperform | Bernstein |
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HSBC Securities downgraded General Motors from Buy to Hold and set a new price target of $58.00
Morgan Stanley upgraded General Motors from Underweight to Equal-Weight and set a new price target of $54.00 from $46.00 previously
DZ Bank downgraded General Motors from Buy to Hold and set a new price target of $49.00
Morgan Stanley downgraded General Motors from Equal-Weight to Underweight and set a new price target of $42.00 from $47.00 previously
Bernstein downgraded General Motors from Outperform to Mkt Perform and set a new price target of $53.00
Deutsche Bank resumed coverage of General Motors with a rating of Hold and set a new price target of $53.00
Wolfe Research resumed coverage of General Motors with a rating of Peer Perform
Nomura downgraded General Motors from Neutral to Reduce
Morgan Stanley downgraded General Motors from Overweight to Equal-Weight and set a new price target of $47.00 from $46.00 previously
Bernstein initiated coverage of General Motors with a rating of Outperform and set a new price target of $55.00
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WASHINGTON, Jan. 7, 2025 /PRNewswire/ -- GM Defense is providing next generation Suburban Shield armored vehicles to the Qatar Armed Forces and Special Forces Command for protected diplomatic security and VIP transport. The Suburban Shield is based on General Motors' full-size pickup truck and sport utility vehicle architecture. The vehicle features a high percentage of commercial parts, including the body, exterior, propulsion, interior, and brakes. Suburban Shield includes a new and unique body-on-frame chassis and suspension system, designed to support increased vehicle wei
Thanks largely to some blockbuster projects, the value of industrial construction presently underway in Indiana and tracked by Industrial Info exceeds $39 billion. The projects cover a range of sectors from pharmaceutical-biotech projects to cutting-edge data centers. By far the largest project presently underway in the state is pharmaceutical giant Eli Lilly and Company's ((LLY) (Indianapolis, Indiana) expansion of its campus in Lebanon, about 30 miles from Lilly's headquarters in Indianapolis. The project broke ground in the summer of 2023, with engineering, procurement and construction (EPC) firm Fluor Corporation ((FLR) (Irving, Texas) leading the work. Other multibillion projects i
Chargers to feature class-leading charging speeds for current and future EVs Today, ChargePoint (NYSE:CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), and General Motors (GM) today announced plans to further accelerate EV infrastructure growth in the U.S. The companies are joining efforts to install hundreds of ultra-fast charging ports at strategic locations across the U.S., featuring the latest innovations in EV charging to improve access to chargers and help drivers get back on the road faster than ever. ChargePoint and GM intend for the locations to be opened and available to the public before the end of 2025. This press release features multimed
MONTREAL, Dec. 17, 2024 /CNW/ - Canada Growth Fund Inc. ("CGF") is pleased to announce that it has entered into a definitive agreement with respect to a ~C$35.6 million private placement with Nouveau Monde Graphite Inc. (TSXV:NOU) (NYSE:NMG) ("NMG"), a Québec-based integrated graphite mining and processing company. With operations in Saint-Michel-des-Saints and Bécancour, NMG is developing an integrated value chain to transform natural graphite into active anode material, a critical component of lithium-ion batteries. NMG's Phase-2 Matawinie Mine and Bécancour Battery Material Plant represent one of the most advanced integrated critical minerals opportunities in Canada and will support North
Together, the companies doubled their fast-charging footprint over the last year, expanding nationwide access to public fast charging EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company"), one of the nation's largest providers of public fast charging infrastructure for electric vehicles (EVs), and General Motors (GM) have surpassed 2,000 public fast charging stalls opened through their ongoing metropolitan charging collaboration. To date, EVgo and GM have built fast charging stalls in more than 390 locations in 45 metropolitan markets across 32 states as part of a longstanding collaboration to broaden access to public charging in amenity-rich locations, such as grocery stores, retail centers
Sure, you can caravan with your friends across the Bay Bridge....but imagine doing it with your hands off the steering wheel. SAN FRANCISCO, Nov. 18, 2024 /PRNewswire/ -- General Motors made history recently, driving all 20 of our Super Cruise-enabled models in a record-breaking hands-free caravan across the Bay Bridge linking San Francisco and Oakland, the largest of its kind in history. GM initially launched Super Cruise in 2017 as the industry's first true hands-free advanced driver assistance system. It's now available on 20 vehicles - the widest selection in the market
Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Lance Rosenzweig as the Company's permanent Chief Executive Officer ("CEO"), effective immediately. The Company's Board of Directors (the "Board") carried out an extensive CEO search process that was supported by a nationally recognized executive recruiting firm and included both internal and external candidates. After assessing Mr. Rosenzweig's considerable contributions as interim CEO and his track record of value creation at Pitney Bowes and at other co
CONCORD, N.C., Oct. 28, 2024 /PRNewswire/ -- GM Defense has completed production of the first vehicles in support of the Diplomatic Security Service's Heavy-Duty armored Sport Utility Vehicle (HD SUV) program. DSS is the law enforcement and security arm of the U.S. Department of State. GM marked the milestone event with Assistant Secretary of State for Diplomatic Security Gentry Smith and other key stakeholders at GM Defense's Concord, North Carolina-based Manufacturing and Customer Innovation Center. GM Defense's HD SUV solution, the Suburban Shield, features a new design wit
DETROIT, Oct. 22, 2024 /PRNewswire/ -- General Motors (NYSE:GM) today reported third-quarter 2024 revenue of $48.8 billion, net income attributable to stockholders of $3.1 billion, and EBIT-adjusted of $4.1 billion. GM is also updating its 2024 full-year earnings guidance for the third consecutive quarter: Updated 2024 Guidance Previous 2024 Guidance Net income attributable to stockholders $10.4 billion - $11.1 billion $10.0 billion - $11.4 billion EBIT-adjusted $14.0 billion - $15.0 billion $13.0 billion - $15.0 billion Automotive operating cash flow $22.0 billion - $24.0 billion $19.2 billion - $22.2 billion Adjusted automotive free cash flow $12.5 billion - $13.5 billion $9.5 billion - $
DETROIT, Oct. 21, 2024 /PRNewswire/ -- General Motors (NYSE:GM) announced today that its Board of Directors has declared a fourth-quarter 2024 cash dividend on the company's outstanding common stock of $0.12 per share payable Dec. 19, 2024, to all common shareholders of record as of the close of trading on Dec. 6, 2024. General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future. Learn more at GM.com.
Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Lance Rosenzweig as the Company's permanent Chief Executive Officer ("CEO"), effective immediately. The Company's Board of Directors (the "Board") carried out an extensive CEO search process that was supported by a nationally recognized executive recruiting firm and included both internal and external candidates. After assessing Mr. Rosenzweig's considerable contributions as interim CEO and his track record of value creation at Pitney Bowes and at other co
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
DETROIT, Oct. 22, 2024 /PRNewswire/ -- General Motors (NYSE:GM) today reported third-quarter 2024 revenue of $48.8 billion, net income attributable to stockholders of $3.1 billion, and EBIT-adjusted of $4.1 billion. GM is also updating its 2024 full-year earnings guidance for the third consecutive quarter: Updated 2024 Guidance Previous 2024 Guidance Net income attributable to stockholders $10.4 billion - $11.1 billion $10.0 billion - $11.4 billion EBIT-adjusted $14.0 billion - $15.0 billion $13.0 billion - $15.0 billion Automotive operating cash flow $22.0 billion - $24.0 billion $19.2 billion - $22.2 billion Adjusted automotive free cash flow $12.5 billion - $13.5 billion $9.5 billion - $
DETROIT, Oct. 21, 2024 /PRNewswire/ -- General Motors (NYSE:GM) announced today that its Board of Directors has declared a fourth-quarter 2024 cash dividend on the company's outstanding common stock of $0.12 per share payable Dec. 19, 2024, to all common shareholders of record as of the close of trading on Dec. 6, 2024. General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future. Learn more at GM.com.
DETROIT, July 23, 2024 /PRNewswire/ -- General Motors Co. (NYSE:GM) today reported second-quarter 2024 revenue of $48.0 billion, net income attributable to stockholders of $2.9 billion and EBIT-adjusted of $4.4 billion. GM is also updating its 2024 full-year earnings guidance for the second consecutive quarter: Updated 2024 Guidance Previous 2024 Guidance Net income attributable to stockholders $10.0 billion - $11.4 billion $10.1 billion - $11.5 billion EBIT-adjusted $13.0 billion - $15.0 billion $12.5 billion - $14.5 billion Automotive operating cash flow $19.2 billion - $22.2 billion $18.3 billion - $21.3 billion Adjusted automotive free cash flow $9.5 billion - $11.5 billion $8.5 billion
DETROIT, July 22, 2024 /PRNewswire/ -- General Motors Co. (NYSE:GM) announced today that its Board of Directors has declared a third-quarter 2024 cash dividend on the company's outstanding common stock of $0.12 per share payable Sept. 19, 2024, to all common shareholders of record as of the close of trading on Sept. 6, 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, 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