David Einhorn, the activist investor who has proposed that General Motors create two classes of stock, has accused the company of misleading credit-rating agencies about the plan. Einhorn told Business Insider that rating agencies were …
A large shareholder of General Motors Co. stock said Tuesday it has a plan it believes would “unlock substantial value” for GM shareholders by moving the Detroit automaker’s common stock into two classes: one that would receive dividends …
General Motors Company ( GM) as a business has never been better, and 2015 was yet another record year. GM sold 9.8 million vehicles last year, a 0.2% increase over its previously set sales record in 2014. Yet despite this strong …
Investors with a bullish thesis on major automakers General Motors (NYSE: GM) and Ford Motor Company have been proven correct as record profits have flowed in over the past couple of years. Investors have also become disgruntled as …
General motors stock is tumbling today. It’s down more than 3 percent so far. That’s after news that GM stocks plunged 18 percent in May. The company blames a drop in sales on low gas prices, among other things.
Make in U.S.A.or pay big border tax! — Donald J. Trump (@realDonaldTrump) January 3, 2017 GM’s stock dropped by about 1 percent, roughly a quarter billion dollars in value, after his tweet. ADVERTISEMENT The automaker revealed …
General Motors Co. rejected Greenlight Capital Inc.’s plan to have it separate its stock into dividend- and nondividend-paying classes as “unprecedented,” adding that the move would create “an unacceptable level of risk.” It would not be …
General Motors announced a $5 billion stock buyback Monday, a move that will end a potential battle with a group of shareholders about how the automaker uses its cash. Shares of GM (GM) rose nearly 3% following the news. The …
DETROIT, MI- General Motors Co.’s stock this morning hit an all-time low since its record initial public offering in November 2010. The Detroit-based automaker’s stock [NYSE: GM] price per share fell to as low as $18.85. Its previous …