8.56 -0.01 (-0.12%)
After hours: 6:29PM EDT
|Bid||8.55 x 1000|
|Ask||8.56 x 309400|
|Day's Range||8.37 - 8.57|
|52 Week Range||7.41 - 12.15|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||9.32|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||0.60 (7.12%)|
|1y Target Est||9.27|
As Lyft Inc cruises toward an initial public offering this month, one of the big winners will be General Motors Co, whose stake in the ride-hailing firm could be worth as much as $1.27 billion. GM is not talking about its plans for that investment, and investors polled by Reuters, owning a collective 35.7 million shares, do not have a consensus view. "Unless GM can leverage its investment in Lyft to accelerate its own robo-taxi ambitions with Cruise, we believe it would be appropriate to cash out its stake to repurchase its own under-valued shares," said Michael Razewski, a partner with Douglas C. Lane & Associates, which owned about 2.6 million GM shares at the end of 2018.
Does Trump’s America Have Space for 'Great' Companies?President Donald Trump Over the last couple of days, President Donald Trump has severely criticized the largest US automaker, General Motors (GM). In a series of tweets, Trump asked GM to either
U.S. prosecutors in Detroit on Monday charged a former high-ranking United Auto Workers official in charge of the labor union's relations with Fiat Chrysler (FCA) of misusing funds for lavish purchases for himself and other union officials. Norwood Jewell, who headed the UAW's FCA department from 2014 until his retirement in January 2018, was charged with conspiracy to violate labor laws and accepting improper payments in a criminal information - often a precursor to a plea agreement. Jewell is the highest-ranking former UAW official charged so far in a wide-ranging investigation into illegal payoffs to UAW officials.
Will GM Listen to President Trump and ‘Do Something Quickly'?The US auto industry For the last couple of years, US new light vehicle sales (XLY) have weakened since peaking in 2016. According to data compiled by MarkLines, US auto sales fell to
Ford's (F) aim to offer customer-focused products is likely to drive growth. However, frequent vehicle recalls due to safety issues is a concern.
Co. plans to cut more than 5,000 jobs in Germany and another undetermined number of employees in the U.K., a company spokeswoman said Friday, as part of a broader effort to redefine its struggling European business laid out earlier this year. “The goal is to significantly decrease structural costs, reduce bureaucracy, empower leaders and managers and eliminate less value-added work,” a Ford spokeswoman said. to restore profitability to its money-losing operations and boost the company’s sagging stock price.
The automaker is restructuring its European business. Ford F is cutting 5,000 jobs in Germany and more in the U.K. as part of an effort to reduce costs in Europe, the company said Friday. The automaker offered voluntary separation packages for employees in Germany and the U.K. to help accelerate its plan to improve performance in the region, where Ford has struggled.
U.S. automaker Ford plans to cut more than 5,000 jobs in Germany and will reduce its workforce in Britain as well as it seeks to return to profit in Europe, the company said on Friday. Ford has offered voluntary redundancy programs for employees in Germany and Britain, it said in a statement. This is part of a turnaround plan announced by the carmaker in January that would involve thousands of job cuts, looking at plant closures and discontinuing loss-making vehicle lines.
Ford Motor Co Chief Executive Officer Jim Hackett earned salary, bonus and stock awards of $17.1 million in 2018, up from $16.3 million the previous year, while adjusted pretax profit for the automaker dropped $2.6 billion from 2017, the company said on Friday. Including pensions and perks, Hackett made $17.7 million. The company said Hackett, who took the helm of the No. 2 U.S. automaker in May 2017, made 276 times the median total compensation of all Ford employees of $64,316.
DEARBORN, Mich.-- -- Ford’s preliminary proxy statement has four company proposals, including the election of directors, an advisory vote on the compensation of this year’s named executive officers, a vote on the tax benefit preservation plan and three shareholder proposals; Ford’s virtual annual meeting will take place at 8:30 a.m. EDT, Thursday, May 9 The SEC requires a preliminary proxy filing for ...
Stefan Mandachi, a restaurateur in northeastern town of Suceava, wants people across the Black Sea nation to stop what they’re doing for 15 minutes at 3 p.m. on March 15 as a signal to the government that frustration is widespread. President Klaus Iohannis, who regularly spars with the government, will join Friday’s standstill, though some ruling-party mayors have also pledged to follow suit.
Advantage Lithium Corp said on Thursday it has temporarily replaced Chief Executive David Sidoo as he battles U.S. fraud charges connected to a sweeping college admissions scandal. The company has named board member Callum Grant, an engineer by training, as its interim president and said it would move forward with plans to develop an Argentine lithium deposit. Sidoo also stepped down as president and CEO of Vancouver-based East West Petroleum on Thursday.
Does the SEC Have Enough Evidence Against Elon Musk?Tesla stockSo far this week, Tesla (TSLA) stock has largely been trading on a positive note. On March 14 at 10:04 AM EDT, Tesla stock was up 3.1% on a week-to-date basis. In comparison, other auto
AUBURN HILLS, Mich., March 14 (Reuters) - "Warning: Don't do anything stupid!" reads the sign to the right of Rick Haas' office computer. It is the same tongue-in-cheek warning affixed to the dashboard of every off-road Mahindra Roxor vehicle that Indian automaker Mahindra and Mahindra Ltd assembles in a suburb north of Detroit. The motto might also apply to the Indian automaker's latest attempt to enter the U.S. auto market - an effort Haas, a former executive at Ford Motor Co and Tesla Inc, is leading.
The leader of the United Auto Workers union on Wednesday warned that job security and preventing the shift of U.S. jobs to Mexico would be top priorities in contract talks with Detroit's automakers slated for later this year. "There will be no more quiet closing of plants, no more shipping jobs to Mexico and abroad without a sound," Gary Jones said in a speech to delegates the union's bargaining convention in Detroit. This year's contract talks between the UAW and General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV are likely to be contentious, with both sides also focusing on healthcare costs and the use of temporary workers.
CAMBRIDGE, Ont. — Management-level jobs will be lost in the planned merger of 20 provincial health agencies, Premier Doug Ford said Wednesday, as his message shifted from no job losses under his government to no front-line job losses.
Said Deep, a spokesman for the second largest U.S. automaker, declined to say how many jobs are being slashed but said the company expects the process to be completed by the end of June. Last month, Ford said it would close its oldest factory in Brazil. Ford has said its global reorganization will involve thousands of jobs and possible plant closures in Europe and result in $11 billion in charges.
Ford Motor Co confirmed on Wednesday it is cutting an unspecified number of U.S. salaried jobs as part of a global reorganization announced last year. Last month, Ford said it would close its oldest factory in Brazil. Ford has said its global reorganization will involve thousands of jobs and possible plant closures in Europe and result in $11 billion in charges.