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Latest GM News From Around the Web
Below are the latest news stories about General Motors Co that investors may wish to consider to help them evaluate GM as an investment opportunity.
Kandi Swimming in Turbulent Waters Another EV company making a splash in investment waters is China-based Kandi Technologies Group, Inc., (KNDI). It is a pure player in the EV car market. It is a stock to watch but a risky investment for retail value investors. Recent events sparking a rise...
Third-quarter automobile sales declined 10% year-over-year in the United States. Here is a look at how some of the larger automotive companies performed. Ford: Ford Motor Company (NYSE: F ) hit total U.S. sales of 551,796 in the third quarter. This was broken down as 311,751 trucks, 191,803 SUVs and 48,42 cars. Third-quarter sales were down 4.9% year-over-year. Truck sales were up 0.6%, SUV sales down 0.7% and car sales were down 37.5%. When removing discontinued cars from the equation, retail sales gained 1.3% year-over-year. The F-Series pickup saw a 3.5% increase to 221,647 trucks sold, which was the best third quarter for the pickup in 15 years. General Motors: Sales hit 665,192 vehicles for General Motors Company (NYSE: GM ) in the third quarter, down 10% year-over-year. The Chevro...
General Motors ([[GM]] +2.6%) reports auto sales in the U.S. declined 10% in Q3 to 665,192 units vs. -14.1% forecast by Edmunds.The Chevrolet brand experienced best quarter ever with 45% growth, while the Cadillac brand was also +45% and Envision increased 44%.Kurt McNeil, GM vice president, U.S. Sales Operations said, “Industry-wide, dealers are selling...
The much-hyped Nikola Badger electric pickup looks like an endangered species. It is absent from the electric truck startup's road map of milestones, and a delayed manufacturing deal with General Motors Company (NYSE: GM ) points to its demise before a physical prototype is ever revealed. The Badger was not in Nikola Corp. (NASDAQ: NKLA ) business plan a year ago. And it isn't there now. Founder Trevor Milton used it as a buzz-building tool for the company following the reveal of rival Tesla Inc. (NASDAQ: TSLA ) Cybertruck, a polarizing design that the electric truck leader plans to build at a new plant in Austin, Texas. "A lot of people didn't like the look of the Cybertruck, including me," Nikola CEO Mark Russell said on the company's earnings call on Aug. 4. "I think it looks like a ...
On Sept. 8, General Motors agreed to an equity stake in Nikola that would have been worth $2 billion. Since then, Nikola's stock price has crashed.
Goldman Sachs Group Inc is buying General Motors Co's credit card business for about US$2.5 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Through the first three quarters of 2020, this year can only be described as auspicious when it comes to the returns that I have generated for my personal account (PA as it is colloquially referred to in the business) and my Second Wind Capital readers. For context, I am up...
Nikola's shares have tanked after a series of scandals surfaced this month. This is GM's opportunity to renegotiate for a better deal.
General Motors Co and Nikola Corp have not finalized their deal to jointly build electric pickup trucks and hydrogen fuel cell tractor-trailers, one day ahead of the date targeted, and are continuing discussions, GM said on Tuesday.
Whitney Tilson’s email to investors discussing SPAC Investment Summit on October 8; General Motors extends talks on Nikola deal; Spruce Point short report on Sunnova Energy. Q2 2020 hedge fund letters, conferences and more SPAC Investment Summit 1) I’m going to be writing quite a bit in upcoming e-mails about special purpose acquisition companies (“SPACs“). […] The post GM extends talks on Nikola deal appeared first on ValueWalk .