The auto maker's stock was upgraded to Buy from Hold by Morgan Stanley Tuesday. The share are up 47% in 2024.
With the S&P 500 up by 29% in 2024, it has become more difficult to find solid investment opportunities. However, in this video, we'll explain why General Motors (GM 0.26%) and Total Energy (TTE -0.94%) could still be attractive choices right now.
General Motors' China woes pose near-term concerns. But its long-term outlook is bright on U.S. market strength, cost discipline, solid finances and EV strides.
NFL football games taking place on Thanksgiving Day is a tradition dating back to 1920 when the league was founded. This year's three NFL broadcasts continued the infamous tradition but were unique in their own regard by sharing a commonality: they rated big.
In the most recent trading session, General Motors (GM) closed at $53.36, indicating a -0.56% shift from the previous trading day.
Earlier this week, General Motors (GM -1.03%) announced it is selling its stake in a battery plant to its partner LG Energy Solution. Some interpret this as another sign GM is pulling back on EVs, but that's not the case.
GM recalls more than 132,000 trucks, including the 2024 Chevrolet Silverado HD 2500, 3500 and GMC Sierra HD 2500, 3500, to fix the tailgate issue.
General Motors Company (NYSE:GM) has warned of a "material loss in value" of its investments in China, forcing it into taking an accounting charge of up to $5.6 billion. Before the full potential impact can be calculated, the Chevrolet, Buick and Cadillac maker said it was making a "temporary impairment" of its stake in its China joint venture of between $2.6 billion and $2.9 billion for the final quarter of 2024 and recognizing additional equity losses of roughly $2.7 billion due to the cost of restructuring.
Automaker is restructuring in China after losing about $350m in the region in the first three quarters of this year
CNBC's Phil LeBeau joins 'Squawk Box' with the latest news from General Motors.
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.
GM's 50-50 joint venture with SAIC Motor Corp. faces ‘market challenges and competitive conditions.'