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$59.29
By comparison, shares of GM’s cross-town rival, Ford Motor Company, decreased $0.28 per share, or 2.2 percent, during the same timeframe.
GM Stock Factors
GM stock value decreased 2.41 percent this week, following a 4-percent gain last week and 2.26-percent gain the week prior. The small gains and losses follow 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 recent gains seen last week 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.
Tuesday, April 13, 2021
This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.
Key developments
LMC Automotive raised its forecast for U.S. light vehicle sales to
16.6 million units for full year 2021, while noting an increased risk of production disruptions stemming from parts shortages.
Due to the semiconductor shortage,
GM and
traditional two-week summer shutdown has been
canceled for the majority of Ford’s U.S. plants.
U.S. fleet sales were down by 28% for Q1 2021 compared to the same period last year, according to Cox Automotive.
New-vehicle inventories fell to 2.4 million units industrywide for the U.S. in March, representing a decline of 37% from March 2020.
Chicago Assembly Plant; and the Transit van side of
Kansas City Assembly in Missouri; the automaker will also reduce output at its Ohio Assembly plant. Ford’s
Dearborn Truck Plant produces the
highly profitable F-150 pickup truck.
GM will roll out a new navigation system, Maps+, beginning April 30 through over-the-air updates available on approximately 900,000 vehicles as an upgrade from GM’s OnStar navigation product. Maps+ will have Alexa Built-in1 voice control. The automaker first announced in 2019 that it would partner with Amazon to make the Alexa voice assistant available for download in select 2018 model year vehicles.
Connected/Autonomous Vehicles and Mobility Services
GMC Unveils Electric Hummer SUV to Join Pickup - Governors Wind Energy Coalition governorswindenergycoalition.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from governorswindenergycoalition.org Daily Mail and Mail on Sunday newspapers.