Tag: General Motors stock

General Motors will double down on its electric vehicle production in the second part of 2023. This was revealed by the company’s CFO, Paul Jacobson, in a recent chat with Yahoo Finance Live. According to Jacobson, the demand for the company’s electric cars remains “firm,”...

General Motors shares skyrocketed by 9% during early trading on Tuesday after the company reported a surge in profit for the fourth quarter. Profits for the quarter hit $3.8 billion, beating estimates of $3.2 billion. Full year profits hit $14.5 billion, thereby landing at...

The week is off to a bad start for Ford and General Motors. After their stocks have been downgraded to Sell by UBS analyst Patrick Hummel, Ford’s shares dipped around 7% while GM saw its own shares plunge more than 5%. Hummel based his evaluation...