General Motors Company (GM) News

GM new 52 hi

GM new 52 hi

GM new 52 hi

GM new 52 week high

Detroit plant on fire. Breaking news

Each Electric Vehicle contains between 25 and 50 grams of silver, depending on the model, and hybrid cars use 18 to 34 grams of silver.
https://twitter.com/silverbars $GM

Wait what?? LOL

Look out https://www.reuters.com/business/autos-transportation/canoo-finalizes-incentive-package-with-oklahoma-cherokee-nation-2023-08-14/ $GM

Bankruptcy otw

$GM Total Debt (mrq) $122B

:)

When one loses another wins. Such is the market. Short term trades are all I do. It's been an easy market to read the past 2 months. Treasury yields falling and the market climbs since Friday. Easy money. Good luck to you bud.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172795681 $GM

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172762267 $GM

TRUST: Why am I not surprised AST ALL to find you on this board?

The ONLY GM car I ever owned after my initial brush with a Chevy Malibu was an Oldsmobile Custom Cruiser. NEVER AGAIN!

Hi Moon: Fancy seeing you here on the LOSER's board....

Unreal! And they say that TSLA is in a bubble...

As long as GM is investing its own money, and is not taxpayer-funded, it can bet all it wants....

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172704028 $GM and $GOEV oversold ?

China's passenger vehicle sales fell for a second month in July, as discounts and government support measures failed to persuade consumers wary of buying cars amid a sputtering economy and a prolonged slump in the housing market.

Automakers are concerned about a demand slowdown as the world's second-largest economy loses its post-pandemic bounce.

Car sales totalled 1.79 million units in July, down 2.6% from last year, data from the China Passenger Car Association (CPCA) showed, the second contraction in a row after a 2.9% slide in June.

https://www.reuters.com/business/autos-transportation/chinas-car-sales-fall-2nd-month-july-price-war-continues-2023-08-08/#:~:text=Automakers%20are%20concerned%20about%20a,a%202.9%25%20slide%20in%20June. $GM

Electric Car Sales Growth Slows in US as Inventory Builds Up
https://www.bloomberg.com/news/articles/2023-07-06/electric-vehicle-sales-growth-slows-in-us-as-inventory-builds-up#xj4y7vzkg $GM

$GM Total Debt (mrq) $120.92 Billion

General Motors

GM invests big bucks in battery startup in a bet on new chemistry:

https://electrek.co/2023/08/16/gm-invests-big-bucks-in-battery-startup-in-a-bet-on-new-chemistry/

Electric Semi Trucks https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172598663


$GM $MULN

GM's Cruise Win Approval to Expand Robotaxi Services in San Francisco

August 11, 2023
https://www.investopedia.com/alphabet-s-waymo-and-gm-s-cruise-win-approval-to-expand-robotaxi-services-in-san-francisco-7642342


https://wolfstreet.com/2023/08/11/full-commercialization-of-robotaxis-has-arrived-in-san-francisco/

https://www.bloomberg.com/news/articles/2023-07-06/electric-vehicle-sales-growth-slows-in-us-as-inventory-builds-up#xj4y7vzkg $GM

GM finally hit $40

Woke = Broke!
https://www.cnbc.com/2023/06/27/lordstown-motors-files-for-bankruptcy-protection-sues-foxconn.html

Word is you still owe Ohio $60M+ damages for breach of contract. Going to be hard to make money with products that nobody will buy! Perhaps you can get some of that back by suing the EPA for unconstitutionally burdensome regulations that you helped draft!

Breaking news: musk to talk with GM CEO on charging stations for ev. As per what his tweet said.

Happening in 3 minutes.

https://twitter.com/i/spaces/1OwxWwQOPlNxQ

RIP General Motors I’m happy to say I never was a fan of your products…except for my Cadillac but we have Teslas now anyways.

Had a long run

Electric vehicles are exploding from water damage after Hurricane Ian, top Florida official warns
https://www.foxnews.com/politics/electric-vehicles-exploding-water-damage-hurricane-ian-top-florida-official-warns $F

$MULN EV maker Mullen recently taped ex- $GM executive John Schwegman

Former GM exec John Schwegman will be the electric vehicle maker's chief commercial officer. https://www.autonews.com/executives/ev-maker-mullen-taps-ex-gm-executive-john-schwegman

Mullen Automotive Hires Former GM Executive John Schwegman To Oversee EV Growth https://www.benzinga.com/news/22/10/29360179/mullen-automotive-hires-former-gm-executive-john-schwegman-to-oversee-ev-growth $GM $MULN

Shares of several companies in the auto & auto component space are trading lower amid overall market weakness following better-than-expected U.S. unemployment data, which could weigh on consumer spending as it dims the outlook of a Fed policy pivot. $GM

Mullen a start -up EV company.
Is in partnership with Watergen to provide water in cars .
I'm surprised Gm wasn't the first but they dont have to be the last .

Imo a great invention for travelers.
No need to stop for water.

40% profit drop. Nothing to see here. Move along.

golfer101mi'

Not fun filling up a gas hog truck at $4.00 a gallon unleaded $100.00 plus. I drive a Prius and 9 gallon at $4.00 is $36.00
GM only has very limited EV trucks and i am told retail around $100,000.00 and the Ford E truck is just as bad

Also i seeing rebates in a lot of autos and trucks

jmho

Are there GM EV & EV Hybrids trucks for sale on those dealership? The price of gas, maybe EV trucks? stock at 60 + to 80 -100?

Drove past several big GM dealers Saturday and lots almost FULL .

This tells me people do not want them gas hogs !

My guess the chip shortage is almost over !


jmho

Interesting.....GM now $43 ?

This makes me want to Sanction China even more!
https://www.cnbc.com/2022/03/21/gm-creating-new-import-business-of-iconic-vehicles-from-us-to-china.html

This stock is a POS!! F and TSLA was the place to put your money in hindsight !!

52 week high here is $68 !! Wow! That’s why they say to never chase stocks!!

P

P

Where to hide in this market? GM may be a place--if you do not want to go to cash.

There will be a rebound. The EV story will provide support.

HaHa Thanks That’s Awesome!

Low of 47.58 - Appreciate your feedback !

Agree with your conclusion on near term support around $45-$48.

Sector rotation going on in the market will help profitable companies with revenues and growing vs. the insanity of FANG valuations from the past.