|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||43.62 - 45.32|
|52 Week Range||14.33 - 46.71|
|Beta (5Y Monthly)||1.35|
|PE Ratio (TTM)||19.66|
|Earnings Date||Feb. 10, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar. 05, 2020|
|1y Target Est||47.76|
GM is backing away from an agreement to take a stake in electric automaker Nikola Corp., marking the collapse of a deal that has been problematic since it was announced just two months ago. GM has instead signed a nonbinding memorandum of understanding to supply Nikola with its Hydrotec fuel cell system. This supplier agreement replaces its previous transaction announcement made on September 8, 2020 to take an 11% stake in Nikola and produce a fuel cell pickup for the company by the end of 2022.
Nikola and GM revise the terms of their previous headline-grabbing deal.
General Motors Co, which has long struggled with labour relations in South Korea, will have to renegotiate a preliminary labour deal after a majority of union members voted against it. Only about 45% of members were in favour of an agreement reached with union negotiators last week for each member to receive a lump sum payment of 4 million won ($3,615) by early 2021, a union official said on Tuesday. GM has rejected employee demands to raise the retirement age by five years to 65 and to build more vehicles at one of its South Korean plants.