|Bid||25.16 x 1000|
|Ask||25.20 x 2900|
|Day's range||25.02 - 25.23|
|52-week range||14.33 - 41.90|
|Beta (5Y monthly)||1.42|
|PE ratio (TTM)||7.72|
|Forward dividend & yield||N/A (N/A)|
|1y target est||36.94|
The National Highway Traffic Safety Administration (NHTSA) said the investigation, which was opened on Sunday, covers more than 614,000 vehicles from 2008 to 2010 model years. "The fuel leaks are the result of corrosion of the metal fuel lines underneath the vehicle towards the rear and in the vicinity of the left rear wheel well," the regulator said after it received 208 complaints of fuel leaks from vehicle owners.
While General Motors' (GM) defense arm secures contracts worth $223 million to manufacture infantry squad vehicle, Ford (F) ties up with Disney for the launch of its Bronco SUV.
U.S. automakers have been squeezed this year by a combination of falling demand because of the weak economy and supply constraints because of coronavirus-related plant shutdowns. GM and its dealers delivered 492,489 vehicles in the U.S. during the second quarter: down 34% year over year. All four of its brands posted sales declines in excess of 30%, including a 41.4% drop at Cadillac, which was hurt by a soft luxury vehicle market.
Tesla shares have soared to new record highs this week, with the company now more valuable than ExxonMobil – one of the largest oil companies on earth
General Motors Co's <GM.N> vehicle sales in China dropped 5.3% between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world's biggest auto market. China's overall figure, which includes passenger and commercial vehicles, rose 4.4% in April and 14.5% in May, said the China Association of Automobile Manufacturers (CAAM), adding that it expected auto sales to grow 11% in June. GM, China's second-biggest foreign automaker after Volkswagen AG <VOWG_p.DE>, delivered 713,600 vehicles in the country in the second quarter, the company said in a statement, after reporting a drop of 43% in sales in the first quarter, due to the pandemic.
Moody's forecasts global auto sales decline of at least 20% year over year in 2020, with major impacts to be felt in North America and EMEA.
General Motors' (GM) latest contract is for the first batch of 649 such vehicles, while the overall approved requisition objective is for 2,065 vehicles over the next decade.
Gentex Corporation (NASDAQ:GNTX) was named a GM Supplier of the Year by General Motors during a virtual ceremony honoring the recipients of the company’s 28th annual Supplier of the Year awards on Wednesday, June 24, 2020. During the event, GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created outstanding value or introduced innovations to the company. The awards ceremony was originally scheduled as a live-event to be held in March but was postponed due to the impact of the COVID-19 pandemic.
Ohio Attorney General Dave Yost said Tuesday that General Motors Co should repay $60 million in state tax credits after it closed its Lordstown Assembly plant in March 2019. In a brief to the Ohio Tax Credit Authority, Yost said GM in 2009 agreed to maintain operations at its northeast Ohio plant through 2028 and retain 3,700 jobs through 2040 in exchange for the credits. "We demand the money that is rightfully owed to Ohio – no more, no less," Yost said in a statement.
Weak fleet orders are expected to hurt June sales, which automakers will report on Wednesday. Cox Automotive forecasts fleet sales will fall nearly 56% to 1.3 million vehicles after plunging 83% in May and 77% in April. In the short term, fleet sales are not a major concern for automakers focused on ramping up production to beef up anemic dealer inventories for higher-profit sales to consumers.
A U.S. appeals court on Monday stayed a lower court's order requiring officials from General Motors Co and Fiat Chrysler Automobiles to resolve GM's racketeering lawsuit. "In order to provide sufficient time to consider the matters raised in GM’s petition, and having considered the relevant factors, we conclude that a temporary stay is appropriate," the Sixth Circuit Court of Appeals said in a court filing. GM said in a statement that it looked forward to the appeals court's review and decision.
General Motors Co <GM.N> on Friday asked a U.S. appeals court to allow it to continue pursuing its civil racketeering suit against rival Fiat Chrysler Automobiles NV <FCAU.N> <FCHA.MI>, rejecting a lower court judge's belittling of the complaint. The automaker's filing with the Sixth Circuit Court of Appeals comes less than a week after U.S. District Court Judge Paul Borman called GM's suit against Fiat Chrysler a "waste of time and resources" at a time when both automakers should be focused on surviving the coronavirus pandemic. Borman ordered GM Chief Executive Mary Barra and Fiat Chrysler CEO Mike Manley to meet by July 1 to negotiate a resolution.
During the event, GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created outstanding value or introduced innovations to the company. The awards ceremony was originally scheduled as a live-event to be held in March but was postponed due to the impact of the COVID-19 pandemic. This is the first time Gentherm has received the award.
The automaker unveiled the all new version of America’s top selling vehicle at an online event on Thursday night, claiming the new all F-150 is targeting the most “towing, payload, torque and horsepower of any light-duty full-size pickup,” all the while providing a completely new interior and technology package, updated exterior styling, and productivity tools like an integrated power generator, and tailgate that doubles as a workbench.
Lordstown Motors Corp is showing its planned electric pickup truck at an event on Thursday as the startup seeks to begin producing vehicles at a former General Motors factory in northeastern Ohio. Lordstown Motors, which hopes to start delivering the electric pickup to customers by January 2021, will face significant competition from other automakers. Also on Thursday, Goodyear Tire & Rubber Co announced a strategic relationship with Lordstown Motors and said it would acquire new Endurance vehicles for its fleet.
Lordstown Motors Corp unveiled its future electric pickup truck at an event on Thursday as the startup seeks to begin producing vehicles at a former General Motors <GM.N> factory in northeastern Ohio. Lordstown Motors, which hopes to start delivering the electric pickup to customers by January 2021, will face significant competition from other automakers. U.S. Vice President Mike Pence was driven on stage in the pre-production Endurance vehicle on Thursday in the politically important state.
The U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday it has opened two investigations into reports of headlight failures in 392,000 Kia Sorento sport utility vehicles and steering issues in 781,000 General Motors vehicles. NHTSA said it had received 74 reports of sudden, unexpected loss of headlights in model year 2011-2013 Kia Sorento vehicles including some while drivers were making a turn or traveling on the highway. Kia did not immediately comment.
Honda (HMC) and General Motors (GM) are jointly producing nearly 12,000 gallons of hand sanitizers for employees and health-care facilities.
A federal judge in Detroit on Tuesday ordered the chief executives of automakers General Motors Co and Fiat Chrysler Automobiles NV (FCA) to meet by July 1 to try to resolve GM's racketeering lawsuit. U.S. District Court Judge Paul Borman called on GM CEO Mary Barra and FCA CEO Mike Manley to meet in person to try to resolve a case that could drag on for years.
The system, called Active Drive Assist, will be offered on several Ford models, most notably the Mustang Mach-E, an all-electric crossover vehicle that goes on sale later this year and is targeted at the Tesla Model Y market. Ford said U.S. buyers can order the Mustang Mach-E this fall with the Active Driver Assist hardware package, which includes extra radar sensors and a driver-facing camera, but the software won't be ready until fall 2021. Tesla introduced its first semi-automated hands-free driver assist package, called Autopilot, in 2015.