As General Motors and Ford gear up to report their fourth-quarter results, let's see how expectations stack up and which stock looks a better bet now.
General Motors (NYSE: GM) turned in a strong 2024 on the back of rising sales. In fact, Detroit's largest automaker consistently topped Wall Street estimates and raised guidance while crosstown rival Ford Motor Company grappled with higher warranty costs.
GM announced profit-sharing checks up to $14,500 for 45,000 U.S. hourly workers, a record linked to its strong pre-tax earnings but contrasted by layoffs and an unchanged focus on gasoline vehicles.
Shares of General Motors rose Tuesday after Deutsche Bank analysts upgraded the stock, citing the automaker's recent strategic moves like shuttering its Cruise robotaxi program.
GM announced a record-setting profit-sharing bonus for workers. The profit-sharing amount is much larger than in the past two years, amid workforce cuts. Scott Bessent confirmed as Treasury secretary, giving him a key role in extending Trump's tax cuts
Cox Automotive said December saw a record volume of buyers pay more than $80,000 for a new car, pushing the overall transaction price near a record.
EV owners of GM vehicles like the Chevrolet Silverado EV and Cadillac Lyriq will now officially have access to Tesla’s Superchargers.
Deutsche Bank upgraded General Motors (GM) to Buy from Hold with a ... top stocks recommended by analysts >> Read More on GM: Ford Motor NewsMORE Related Stocks Indices Commodities Currencies ...
Ford loves to remind us that the F-Series is “America’s favorite truck.” By this, the automaker means that its “F-Series” of full-size trucks is the best-selling vehicle model in the U.S. And this has remained true for decades.
Tesla stock opened down 0.7% at $395.19 ahead of earnings. Coming into this report, Tesla stock has fallen for five of the past six trading days, losing almost 7% over that span. The year-over-year gain is worth more than the market value of General Motors,
According to Nikkei, Honda plans to launch a smaller EV priced under $30,000 in the US as early as 2026. It will be made locally, starting with the batteries, to cut costs. The new EV is expected to be the entry-level model for its upcoming Honda 0 Series. It will be a cornerstone for Honda’s global expansion.
NHTSA’s latest safety notices feature rupturing air bag inflators, battery failure, sticking throttle pedal assemblies, and more.