$57.65
By comparison, shares of GM’s cross-town rival, Ford Motor Company, fell 5.5 percent, or $0.68, during the same timeframe.
GM Stock Factors
GM stock value was stable this week after several weeks of minor losses and gains. The recent activity follows a dramatic 10-percent gain last month, during which GM stock values crossed the $60-per-share mark on March 17
th, an all-time high for the “new GM,” as well as consistent growth in January that put GM stock value above the $50 per share mark.
The gains seen earlier in April were driven primarily by confirmation of an upcoming all-electric iteration of the popular Chevy Silverado pickup truck. GM stock value hit a record high of $63.44 per share following the announcement.
Ford, GM cutting more production ahead of White House meeting on chip shortage Autoblog 7 hrs ago Reuters
WASHINGTON General Motors and Ford both said on Thursday they will cut more vehicle production due to a semiconductor chip shortage that has roiled the global automotive industry.
The White House plans a summit on the chip shortage issue Monday that is expected to include GM Chief Executive Mary Barra and Ford Chief Executive Jim Farley and top technology firm executives.
A U.S. auto industry group this week urged the government to help and warned that a global semiconductor shortage could result in 1.28 million fewer vehicles built this year and disrupt production for another six months.
GM, Ford cutting more North American production due to chip shortage thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
3 Min Read
WASHINGTON (Reuters) -General Motors Co and Ford Motor Co both said on Thursday they will cut more vehicle production due to a semiconductor chip shortage that has roiled the global automotive industry.
Slideshow ( 2 images )
The White House plans a summit on the chip shortage issue next Monday that is expected to include GM Chief Executive Mary Barra and Ford Chief Executive Jim Farley and top technology firm executives.
A U.S. auto industry group this week urged the government to help and warned that a global semiconductor shortage could result in 1.28 million fewer vehicles built this year and disrupt production for another six months.