General Motors (GM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
General Motors GM is slated to release second-quarter 2024 results on Jul 23, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at $2.59 per share and $45 billion, respectively.
The market for electric vehicles and EV stocks and is going through a transition. Consumers have become frustrated by high prices, low battery range and a lack of charging infrastructure to support them.
The latest trading day saw General Motors (GM) settling at $49.77, representing a +0.95% change from its previous close.
Is General Motors Company (NYSE:GM) backtracking from its production target of 1 million electric vehicles in North America by the end of 2025? Based on CEO Mary Barra's comments, the answer to the above is a resounding 'yes'.
The EV market is heating up in both domestic and international markets. While the EV sector in the U.S. has a projected compound annual growth rate of 15.5% until 2032, the international market is looking at a slightly higher target of 15.9%.
General Motors on Monday declined to reiterate its previously announced forecast that it would have 1 million units of electric vehicle production capacity in North America by the end of 2025.
GM's target of being capable of producing 1 million all-electric vehicles in North America by the end of 2025 is heavily in doubt. The production capacity goal was one of the last standing EV targets GM hadn't lowered or withdrawn amid slower-than-expected demand for EVs.
General Motors (GM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
During LSEG Lipper's fund-flows week that ended July 11, 2024, investors were overall net purchasers of fund assets for the tenth week in 12, adding a net $6.5 billion. This past week, money market funds (+$4.3 billion), taxable bond funds (+$3.4 billion), tax-exempt bond funds (+$775 million), and alternative investments funds (+$640 million) attracted inflows. Equity funds (-$2.3 billion), mixed-assets funds (-$226 million), and commodities funds (-$37 million were the only groups to see outflows.
Automakers General Motors (GM) and Stellantis (STLA) are getting almost $1.1 billion in grants from the White House to convert “at-risk” plants into electric vehicle (EV)-related production facilities, the U.S. Department of Energy said Thursday.
General Motors plans to invest at least $900 million to retool a Lansing, Michigan auto plant to build electric vehicles, Energy Secretary Jennifer Granholm said Thursday.