However, Jonas was more bullish on auto retailers including AutoNation (AN) and CarMax (KMX), which could benefit as Fed rate cuts bring down auto loan rates. GM was the only automaker cut to underweight, as Jonas lowered his price target to 42 from 47 – below Tuesday's closing price...
Good morning, and welcome to the General Motors Company second-quarter 2024earnings conference call[Operator instructions] As a reminder, this conference call is being recorded Tuesday, July 23rd, 2024. I would now like to turn the conference over to Ashish Kohli, GM's vice president of investo...
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General Motors (GM) Detroit’s auto giant, GM, reported impressive revenue and profit growth, upgrading its profit prediction for the second time this year. Despite global challenges, the company continues to see robust demand for its vehicles and reduced expenditure. For the fiscal second quarter...
ContentsGENERAL MOTORS COMPANY AND SUBSIDIARIESGM Financial generally seeks to fund its operations in each country through local sources of funding 112、 to minimize currency and country risk.GMFinancial primarily finances its loan,lease and commercial origination volume through the use of secured and ...
The money will be used to finance a greenfield car assembly of General Motors in the area. It is a seven-year syndicated loan that will finance the construction of the plant which will supply the fastest growing automobile market in the country....
The motto of General Motors (GM) is to earn customers for life. They are a global car company serving in 6 Continents, across 23 time zones. Headquartered in Detroit, Michigan, GM makes cars, trucks and crossovers. The company also currently has more than 7 million OnStar customers. Custom...
Well, it is important to remember that giant auto companies have been turned around before. In 1980, aided by $1.5 billion in loan guarantees from the U.S. government and his own pitchman routines on television, Lee Iacocca brought Chrysler back from the abyss. Nearly 20 years later Carlos...
GMAC to retain its home loan subsidiaries Reports on General Motors Acceptance Corp.'s (GMAC) retention of its mortgage subsidiaries GMAC Mortgage Corp. and Residential Funding Corp. Strategic review conducted by GMAC; Amount of servicing portfolio and home loans of the subsidia......
Electrical steel, a crucial material used in EV motors, can be less than a quarter of a millimeter thick for the highest grade. It’s in high demand. https://t.co/CYzVkw3xyn I had never heard of electrical steel before today. Mar 27, 2023 Posted in GeneralLeave a Comment on Sorted...