Arnhold LLC has sold 71,970 shares of
General Motors Company GM, while
Bayforest Capital Ltd and
Sequoia Financial Advisors LLC, along with other companies, bought shares. GM's electric vehicle production changes have cost a hefty $1.6 billion, as revealed in a SEC filing. Despite this setback, the stock is still seeing a rise in the market.
GM CEO and Chair Mary Barra sold shares, but UBS upgraded GM to Buy and raised the price target to $81. The market's attention has been captured by GM due to the $1.6 billion charge due to EV strategy adjustments, the anticipation of solid Q3 results amid EV and tariff headwinds, and the trending fact that GM has been named the greatest automotive engineering company in the world. GM has announced an investment of $4 billion in its US manufacturing plants amidst uncertainty caused by trade tariffs.
Redwood Materials and GM plan to use U.S.-built batteries for energy storage. However, GM has also placed 900 workers on indefinite layoff at their Kansas plant.
General Motors Company GM News Analytics from Tue, 11 Mar 2025 07:00:00 GMT to Sat, 18 Oct 2025 11:09:44 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor -2
