General Motors reports 40% drop in net income, warns of cost-cutting measures in 2Q earnings
For the three months ended June 30, 2022, General Motors reported net income of $1.7 billion compared to $2.8 billion for the same quarter in 2021
Company
General Motors Company
NYSE:GM
General Motors Company (GM) is a global automotive company. It develops, produces and markets cars, trucks and parts worldwide. GM also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial), formerly AmeriCredit Corp. (AmeriCredit).
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GM bags US$2.5bn loan to build EV battery factories
It will be the US' Energy Department's first loan for batteries and is set to create 5,000 jobs in the United States
GM to invest US$7bn as battle for EV market heats up
The automaker said it will have more than 1mln units of EV capacity in North America by the end of 2025
GM steps up investment in electric vehicles in attempt to keep up with rivals
GM's investment through to 2025 will be more than the US$20bn outlined by Ford but still pales in comparison with the US$86bn planned by Volkswagen
GM unveils electric flying Cadillac and earthbound vans for families and deliveries
The self-driving vertical take-off and landing (eVTOL) vehicle will help cut down on urban congestion, the company said
General Motors and Ford run out of gas, post disappointing 4Q results
GM saw its operating profit drop precipitously by more than 95% to $105 million, while Ford's net loss deepened to $1.7 billion over the fourth quarter
US stocks rocket higher as November jobs growth soundly beats estimates
US non-farm payrolls increased by 266,000, compared with a consensus estimate of 187,000
Investments and investor services
US stocks blast higher after October jobs growth outpaces expectations
Non-farm payrolls rose by 128,000, while economists had expected paltry growth of only 75,000 jobs
General Motors beats Wall Street estimates again despite being hit by longest strike since 1970
The strike saw 34 of the firm's plants closed across the USA and disrupted operations in Canada and Mexico
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FirstGroup appoints ex-Taylor Wimpey finance director as new CFO, former GM VP brought in as non-exec
The FTSE 250 transport group said Ryan Mangold would take up the CFO position, filling the vacancy left by Matthew Gregory who was promoted to chief executive last year
Investments and investor services
US automakers face diminishing March sales as consumers ditch passenger vehicles
Consumers frequently opted for SUVs and trucks, which are more profitable for manufacturers
Hardware & electrical equipment
Tekcapital jumps as self-driving car firm Guident launches commercial website
Guident focuses on the development of autonomous vehicles software apps and counts the former head of General Motors' Cadillac division among its directors
Late Movers: Walt Disney rallies after reporting 1Q results that beat estimates
Also moving were Electronic Arts and General Motors, which reports Wednesday
Hardware & electrical equipment
ROBO Global says 3D printing poised for a high-growth, ‘profitable future’
A senior research analyst at Robo Global writes that with major industries investing heavily in 3D printing, the sector is a ‘key area of focus’ for investors in the robotics, automation and artificial intelligence space
Hardware & electrical equipment
Tesla turns a profit for second quarter in a row, but Wall Street expected more
The car maker reported earnings per share of US$1.93 for the final quarter of 2018, but analysts had been looking for US$2.10
Investments and investor services
Late Movers: Activision Blizzard tumbles 10% after saying Destiny rights going to Bungie
GM led gains on the S&P 500 after CEO Marry Barra's comments
Investments and investor services
Fiat Chrysler posts November US vehicle sales gain as rivals see decline
The Ram and Jeep brands set the pace for automaker while Ford, Honda, Nissan and Toyota contended with reduced demand
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EARLY MOVERS: General Motors to lay off 14,000 workers and reduce output as sales slide, while Tesla's China sales stats disappoint
Other stocks in focus in pre-market deals were United Technologies Corp and biopharma Amarin Corp
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Berkshire Hathaway’s 13-F filing reveals Warren Buffett added $4B stake in JPMorgan
Buffett’s company bought a new stake in JPMorgan and upped its investment in Apple
Hardware & electrical equipment
Electrameccanica revs up to beat Tesla in the US
The Vancouver company has teamed with Chinese motorcycle maker Zongshen to produce a line of inexpensive electric cars for the US market
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EARLY MOVERS: Newfield Exploration shares gush on Encana's $5.5B deal; all eyes on Apple
Also in the frame in pre-market is Spotify Technology and General Motors after yesterday's strong results
General Motors blows past Wall Street's 3Q estimates and predicts robust performance will continue
GM was able to raise prices on its cars in the US by about $800 per car, which pushed up profits
EARLY MOVERS: General Motors speeds past analysts' expectations, while Facebook shares fly after its quarterly numbers
Also in pre-market deals, Arconic Inc shares went higher and Electronic Arts went lower..
Investments and investor services
Ford and GM stock climbs on report China to cut sales tax
Ford also got boost from an upgrade by investment bank Goldman Sachs
Investments and investor services
Uber IPO may be worth all-time record $120 billion, says Wall Street Journal
The offering could easily eclipse the record held by Alibaba when it listed in 2014
US Auto Sales Roundup: Ford, GM, Toyota, Honda hit speed bump in September as Tesla accelerates output
Most of the car companies fared worse given the scorching pace of car sales racked up after Hurricane Harvey bolstered September a year ago
Hardware & electrical equipment
Small-Cap Snapshot: Cloud service provider Brightcove misses analyst estimates in its second quarter
The Boston-based company's customer list includes big names like Ford, GM, Dunkin' Brands and Oracle
Ford flops in quarter, cuts profit forecast
Ford joined General Motors Co. and Fiat Chrysler Automobiles NV in lowering forecasts for 2018
PRE-MARKET MOVERS: General Motors shares take foot off the gas after guidance, while Usana Health Sciences stock perks up
Also in play in pre-market trade is fizzy drinks giant The Coca-Cola Co and Boston Scientific Corp
US benchmarks end the day on a positive note ahead of US tariffs on China
The tech-heavy Nasdaq jumped more than 80 points by the closing bell
PRE-MARKET MOVERS: Ford and fellow car giants rev up pre-market, Praxair gains too
A look at US stock movers in pre-market deals in New York
US car manufacturing giants go into reverse amid Trump tariff worries
Car makers have been notable casualties in the trade spat, caught in the crossfire
Hardware & electrical equipment
Tesla faces tough competition as General Motors’ self-driving unit receives US$2.5bn investment
SoftBank Vision Fund will add muscle to GM's autonomous vehicle unit
IPO Roundup: Two blank-check companies will price shares this week
The third company pricing shares this week is an edtech company offering video training courses
GM 1Q earnings easily beat the Street on strong US sales
Despite major restructuring, the automaker's profit, revenue surpassed Street expectations
US shares firmly higher at close; Dow adds 428 points
A look at US and Canada markets as the day (Tuesday) progresses
Investments and investor services
US stocks close higher, buoyed by some heavyweights but market remains cautious ahead of key CPI data
The Dow Jones closed up 0.16% or 39.18 points to 24,640.45 - for a third straight session
General Motors tops expectations with fourth-quarter results
The stock was expected to start in forward gear when trading starts, which given the market has reversed off a cliff is impressive going
General Motors Company, Centene, Archer Daniels Midland and more - PRE-MARKET
General Motors shares added 1.16% to US$40 as its quarterly numbers beat expectations.
Investments and investor services
New highs for Dow Jones and S&P 500
Stocks got off to a flyer after non-farm payrolls increased by more than expected in November
GM shares reverse after Goldman Sachs downgrades stance to ‘sell’ from 'neutral'
Goldman's analysts said: "Looking ahead into 2018 and given the current valuation level, we see a downward inflection in GM earnings and consequently downgrade shares to sell”
Hardware & electrical equipment
Apple, Dynegy, Vistra Energy, Constellation Brands – PRE-MARKET
A look at what's moving the share needle and interest ahead of the bell in New York
Ford falls as RBC reverses its bullish stance
“We believe new CEO Jim Hackett can get Ford back on an improved track, but it is very early in the turnaround story and specifics are light”
Tesla could miss its ‘iPhone moment’ warns Barclays if Model 3 production problems persist
Like Apple did in the not-so-distant past, Tesla needs to prove the viability and popularity of its new model to investors who aren’t necessarily “true believers”
Uber’s closest US rival, Lyft has repeatedly met with Transport for London officials over past year
Transport for London (TfL) published details of the meetings with Lyft executives in response to a UK government freedom of information request in July, according to media reports.
Uber, Transocean, Facebook, General Motors and more
We look at what stories are trending in New York before the bell..
Chevy maker General Motors accelerates on second quarter earnings beat
Earnings per share (EPS) in the three months to end June came in at $1.89 compared to the $1.69 expected.
McDonalds Corp, Michael Kors, Caterpillar Inc and more – PRE-MARKET
Proactive talks a look at the main movers in pre-market deals in New York
Tesla Motors expects first production of Model 3 electric car this week
Tesla is taking its first step as a producer of mass-market electric cars
General Motors trims sales forecasts as market weakens
The car maker now expects to sell a 'low 17mln' units this year
Tesla is very expensive but is it time to short stock in the electric car maker?
The electric car maker is now worth more than both Ford and General Motors - yet it has a fraction of their sales
General Motors extends summer shutdown as cars increasingly sidelined for SUVs by consumers
Reportedly, the group's Ohio plant and one in Kansas will close for up to five weeks
Leading Edge riding the electric car wave with encouraging Woxna tests
Graphite is also a component in lithium-ion batteries used in electric cars
Liberty One Lithium picks opportune time to begin its lithium-brine odyssey
Lithium is hotter than a Samsung smartphone battery right now
GM reports record first-quarter profit driven by strong sales of high-profit trucks and SUVs
The autos giant saw its net income rise to US$2.6bn for the three months to March, up from US$2.0bn a year earlier, giving an operating profit of US$1.70 per share, well above market estimates for US$1.47 per share.
FTSE 100 ends tough week on a flat note
Friday was a bit of a wash-out, with the Footsie ending little changed after a rough week
General Motors Co poised to take legal action after Venezuelan car plant is illegally seized
It did not provide details about the seizure, saying only that vehicles and other assets had been taken
Second hand Teslas sell quicker, and for more money, than other used cars
Used Model Ss take, on average, 87 days to sell, with similar luxury cars taking more than 90
General Motors' shares reverse again after European exit despite positive broker comment
Japan's Nomura hiked its stance for GM to ‘buy’ from ‘neutral’, saying the US automaker's exit "from long-struggling Europe is a major positive”
US shares end lower on GM, Snap and airline sags and geopolitical risks
US stocks ended lower on Monday, never once managing to enter positive space, as a March rate hike was fully priced in, investors fretted over the small print of GM’s exit from Europe, and Snap shares ended below their $24 price at which th
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New uncirculated 12-sided £1 coin available today for £10 - or £1,995 if you want it in gold
The new 12-sided coins will be released for general use on March 28 and the old pound coins, which have been around since 1983, will cease being legal tender on October 15.
Fine details worry as General Motors confirms US$2.3bn sale of Opel/Vauxhall to French maker of Peugeot cars
GM will receive €1.32bn for the Opel manufacturing business - €650mln in cash and €670mln in PSA share warrants.
US shares pare losses to end flat-to-firmer after Yellen signals rate hike
US stocks pared initial losses to end flat to firmer on Friday, with the Dow just clutching onto its 21,000 milestone, after the Federal Reserve as good as signalled rates will be going up this month
Miners to get boost as electric vehicles drive demand for lithium, cobalt and nickel
Glencore and Bacanora Minerals are among the miners that stand to benefit from rising demand for electric vehicles
US stocks end mixed but Dow powers on with record closes as oil rallies
US stocks closed mixed on Thursday, with the stand-out record-breaker the Dow Jones Industrial Average as oil prices rallied
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UK workers see pay grow more slowly than expected; living costs rise at fastest pace in nearly four years
The ONS said workers' total earnings including bonuses rose by an annual 2.6% in the three months to December, slowing from 2.8% growth in the three months to November.
Could GM be about to offload its European Opel and Vauxhall brands to the French?
Peugeot, Citroen and DS carmaker PSA Group SA today disclosed it is holding talks with the US autos giant about buying its European division.
US, Canadian stock tickers hit record highs, again
US stocks hit record highs for the third successive session on Tuesday, with the S&P 500 market bellwether and Dow Jones Industrial Average both closing at their record intraday highs
US stocks fall from record highs as oil prices wipe out two weeks’ of gains
US stocks gave back most or all of their record heights on Tuesday as oil prices wiped out more than two weeks of gains
Strong US pick-up, SUV sales helps General Motors post record profits, but shares fall
GM – the largest US auto maker in terms of sales – saw its operating profits for the full-year rise by 15.9% to US$12.5bn, as revenues rose by 9.2% to a record US$166.4bn.
US stocks hit record highs as Trump rally resumes, miners gain
US stocks chalked up fresh record closing highs on Tuesday, reminiscent of the Trump-inspired rallies seen in late 2016
US shares end up as oil investors crowd out depressed pharma post-Trump speech
US shares ended higher on Wednesday, as energy investors shrugged off a jump in US oil stocks, and markets took a sanguine view of President-elect Donald Trump’s first speech since he won the November election
US stocks ended flat after oil prices fall on output fears
US stocks ended Tuesday right back where they started, as falling oil prices and forecasts of heightened American fuel output this year, wiped out initial gains on the bourse
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Trending: Will Trump’s threats turn idle?
Several major companies have faced the wrath of US President-elect Donald Trump during or since the November elections. Now a foreign-owned business has been put in its place too. But how long will it last in government?
US stocks rise as autos and oil jump
US stocks rose solidly on Wednesday and the Dow crept ever closer to the 20,000 record level as automotives and oil prices were the main talk of the Street
GM races ahead of Tesla on electric car manufacture
GM races ahead of Tesla Motors with car manufacture
US stocks drop on election jitters
US stocks closed lower in a broad fall on Tuesday, led by dividend-paying sectors, as traders eyed a safer haven-inspired drop in Treasury bond yields as well as headlines on the looming presidential election a week away
US stocks close lower on mixed earnings, weaker consumer confidence, rate fears
US stocks closed lower on Tuesday, unwinding initial gains after mixed earnings were compounded by weaker consumer confidence data as well as raised fears of a rate hike after a Treasury note sale flopped
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PayPal stock downgraded as growth factors are passe
PayPal, the online payment firm, had its stock downgraded to "hold" from "buy" by Canaccord Genuity analysts on Monday.
Wall St shares end flat-to-higher
US top line stocks gave up all their intraday gains on growing fears oil supply will not be curbed this month, while mid- and small-cap stocks advanced on Monday
GM electric car has longer range than Tesla Model S
Automaker General Motors’ new Chevy Bolt will be able to travel 238 miles on a single charge, a longer range than the 210 for the Tesla Model S
Ford slams on brakes of motor manufacturing, GM recalls 4.3mln autos
Ford Motors closed 3% lower on Friday after the motoring behemoth said it is exploring new modes of transport as the century-long love affair with the private car may be coming to an end. General Motors will recall almost 4.3mln vehicles ov
US major and small-cap stocks mark record highs as oil prices surge
US bellwether and small-cap marked intraday highs on Monday as oil prices pushed energy stocks north
US stocks resume record-breaking sprint after oil prices gain
US stocks resumed chalking up ever higher record levels at midsession on Monday as oil prices jumped higher after recent comments from OPEC and Saudi Arabia raised hopes for an output freeze as early as next month
Wall Street opens the new week positively
The Dow Jones, S&P 500 and Nasdaq all began Monday’s session helped by positive oil prices and international equity markets.
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US stocks eke out gains thanks to tech stocks
US stocks eked out gains on Thursday, propelled by tech stocks to counterweigh negative news about oil prices, Ford Motors and Atlanta Fed's growth forecast ahead of GDP numbers
US shares struggle as oil, Ford and Atlanta Fed deliver bad news
US shares stretched over the line to post a modest gain in afternoon trading on Thursday, despite weaker oil prices, a downbeat motor outlook from industry behemoth Ford and depressed growth forecasts from the Atlanta Fed
Trending: Car Wars - General Motors gains while Tesla decelerates
Old economy motor shares did better than those of the new economy, at least on Thursday. If it was a Car Wars day, then the traditional autos of General Motors beat the limos of the future Tesla Motors on the stockmarket
General Motors revs up share gains on raised FY earnings forecast
General Motors Company closed higher on Thursday as the world’s third-biggest automotive raised its forecast for full-year earnings after reporting a record second-quarter profit that beat forecasts
Investments and investor services
Papers: Yahoo may sell web business after Starboard boardroom shake-up
Also mentioned - Google, Ford, Facebook, Amazon, Marriott Hotels...
Wall Street shares seen higher with spotlight on earnings
Wall Street shares are seen opening slightly higher with earnings again in focus and after US markets closed up on Wednesday.
Investments and investor services
Papers: Virtual Reality demand comes back down to realistic figures
The Papers including Facebook Inc, Abercrombie & Fitch Co, Buzzfeed, American Apparel, Deutsche Bank PLC and General Motors Company
Investments and investor services
Papers: FBI crack iPhone without Apple's help
Also, Wal-Mart, Valeant Pharmaceuticals, Virgin America and General Motors...
Car giants down as all eyes on potential record-breaking 2015 sales
Shares in big car makers General Motors (NYSE:GM) and Toyota (NYSE:TM) eased back as the companies reported strong December sales numbers today and as US auto firms disclose hotly - anticipated numbers today.
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Wall Street retreats as oil slump weighs
Valeant extends losses; Piedmont Natural Gas surges 38%
U.S. Risers/Fallers: Valeant, Piedmont, Roper, Xerox, GM, Concordia, FedEx
Below are the main news driven share price changes at 11:33 a.m. in New York on Monday:
Wall Street opens lower ahead of earnings reports, Fed meeting
Valeant extends losses; Piedmont Natural Gas surges 38%
Wall Street futures point to downbeat start to week
After a strong finish to the last week,Wall Street futures point to a muted start to Monday
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US stocks give up gains as Valeant weighs on health-care shares
Sports car firm Ferrari makes racing debut; shares rise over 15%
US shares mixed at the open as Ferrari makes racing debut
US stocks painted a mixed picture at the opening bell as a clutch of firms released quarterly numbers.