GM Stock Value Rises 3 Percent During Week Of July 26 gmauthority.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gmauthority.com Daily Mail and Mail on Sunday newspapers.
$52.63
By comparison, shares of GM’s cross-town rival, Ford Motor Company, increased 1.54 percent, or $0.21, during the same timeframe.
GM Stock Factors
GM stock value fell slightly this week after a 6-percent drop last week and stable performance the week prior.
Some of the factors affecting GM stock value this week include the announcement of a second recall for the Chevy Bolt EV over a potential fire risk, affecting some 50,000 units. GM previously issued a recall in November of 2020 for 69,000 Chevy Bolt EV models, while issuing an initial fix for the issue in April.
In GM production news, the automaker will be forced to idle North American pickup production through the remainder of July, while downtime at the GM CAMI plant in Canada has been extended to August 16
GM Stock Value Stable During Week Of July 6 gmauthority.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gmauthority.com Daily Mail and Mail on Sunday newspapers.
$58.43
By comparison, shares of GM’s cross-town rival, Ford Motor Company, decreased 1.71 percent, or $0.26, during the same timeframe.
GM Stock Factors
GM stock value fell this week after minor gains last week.
Some of the factors affecting GM stock value this week include second-quarter sales reporting, headlined by a 40-percent jump for GM sales in the U.S., with sales increasing for all four of GM’s U.S. brands.
GM-backed automotive data startup Wejo also announced $25 million in fresh investments from Microsoft and Sompo Holdings Inc.
Meanwhile, GM announced an accelerated timeline for conversion of the GM CAMI Assembly plant in Ingersoll as the all-electric BrightDrop EV600 light commercial vehicle heads towards production. In other production-related news, the Chevy Malibu and Cadillac XT4 will resume production at the GM Fairfax Assembly facility on August 16