General Motors, vehicle production facilities
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General Motors announced on Tuesday a $4 billion investment over the next two years in three U.S. manufacturing plants, one of which is located in Michigan.According to a news release from the automaker,
GM CFO says $4 billion investment will help rebalance production amid Trump's tariffs uncertainty and EV demand slowdown.
General Motors will invest $4 billion in three U.S. manufacturing sites over the next two years to prepare for changing production slated to begin in 2027. Two popular Chevrolet models also will move to U.
General Motors (GM) quietly backed away from its high-profile pledge to phase out gasoline-powered vehicles over the next decade, effectively
The automaker intends to significantly expand its manufacturing footprint here in the United States.
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I do see a wide margin of safety at General Motors' current price level, at which I believe the downside is priced in but not the upside. See more on GM stock.
Shares of automotive manufacturer General Motors (NYSE:GM) fell 5.2% in the afternoon session after President Trump announced plans to double tariffs on steel and aluminum imports to 50%. Automakers rely heavily on these raw materials for vehicle production,
From 2015 to 2024, GM saw its stock appreciate 51.04%, while its revenues climbed 38.07% and its net income fell by -37.5%. However, in its Q4 2024 earnings call, the company provided stronger guidance for 2025, including net income in the $11.2 billion–$12.5 billion range and diluted EPS of $11–$12, up from 2024’s $6.37.
General Motors Co.'s $4 billion reshoring plan announced this week sketches a blueprint for the Detroit automaker's long-term strategy: ramp up production of the hulking gas-powered vehicles Americans love while growing its expanding fleet of electric vehicles.