General Motors Co. (GM)
GM closing plant in China as part of restructuring
General Motors is closing a plant this month in the northeastern Chinese city of Shenyang as part of the U.S. automaker's restructuring in China, according to a company source.
Top Wall Street Forecasters Revamp Portland General Electric Price Expectations Ahead Of Q4 Earnings
Portland General Electric Company POR will release its fourth-quarter financial results, before the opening bell, on Friday, Feb. 14, 2025.
Why General Motors (GM) is a Top Value Stock for the Long-Term
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Mercury General Q4 Earnings Top on Higher Net Investment Income
MCY's Q4 results reflect improved net premiums and higher average invested assets and cash, partially offset by wider catastrophe losses.
General Motors: More Headwinds Than Recovery Catalysts - Uncertainties Ahead
General Motors' discounted prospects are well warranted, attributed to the ongoing Cruise restructuring and the uncertainties surrounding its FY2025 performance. Much of the headwind naturally lies in the potential 25% import tariffs from Canada/ Mexico and 10% from China, given that ~49% of its components are sourced from these countries. This is on top of the potentially eliminated "$7,500 tax credit for EV purchases" and likely higher for longer inflationary pressure/ borrowing costs.
Toronto-Dominion Bank (TD) Suffers a Larger Drop Than the General Market: Key Insights
Toronto-Dominion Bank (TD) concluded the recent trading session at $59.95, signifying a -1.2% move from its prior day's close.
Dollar General: Buy The Real Estate, The Business, Or Both
Dollar General's expansion is slowing, but the company remains a strong investment due to its rural focus and counter-cyclical resilience. Despite a significant earnings decline, Dollar General's strategic remodels and new product offerings position it for future growth. With a P/E multiple of 12.9x and a 3.2% dividend yield, DG shares offer potential for over 25% annual returns.
General Motors: An Utter And Complete Bargain
General Motors beat Q4 estimates, showing strong EV sales growth and market share gains, despite a dip in share price post-earnings. The company generated $14.9B in adjusted EBIT for FY 2024, driven by robust North American market performance and strong vehicle demand. General Motors submitted a decent guidance for FY 2025 and benefited from a 20% increase Y/Y in free cash flow in FY 2024.
Report: GM Cuts 1,000 Jobs at Cruise After Ending Robotaxi Project
General Motors is reportedly cutting 1,000 jobs in its Cruise business unit after a previously announced decision to stop funding its robotaxi project. The cuts amount to almost half of the workforce in Cruise, Bloomberg reported Tuesday (Feb. 4), citing an internal memo and unnamed sources.
GM cuts 50% of Cruise staff after ending robotaxi business
General Motors is laying off roughly half of its employees who remain at its discontinued Cruise robotaxi business. The plans come two months after GM said it would no longer fund Cruise after spending more than $10 billion on the robotaxi unit since acquiring it in 2016.
General Motors acquires full ownership of Cruise autonomous business
General Motors has finalized the complete acquisition of its Cruise autonomous vehicle unit to focus on developing the technology for personal vehicles instead of on robotaxis, the company announced on Tuesday.
Cruise to slash workforce by 50% after GM cuts funding to robotaxi operations
Autonomous vehicle company Cruise is laying off 50% of its workforce — cuts that extend to the CEO and several other top executives — as it prepares to shut down operations. What remains of Cruise will move under parent company General Motors as the automaker directs its resources towards improving its hands-free driver assistance system Super Cruise — and eventually roll out personal autonomous vehicles.
