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The stock shed another 1% through midday trading on Wednesday. The stock had gained 50% in 2024 as GM moved quickly to slash billions in costs and repurchase stock. Results also consistently beat ...
GM stock hit a 52-week high of $61.24 in December and is up 47% year to date — far ahead of its Big Three peers. Ford's stock is down 15% in 2024, while Stellantis shares have dropped nearly 40%.
General Motors rewarded investors with a 48% gain in 2024, compared to Ford's 18% decline. China's auto industry is in the midst of a brutal price war that has its roots in the industry's own prowess.
The U.S.-based automaker also predicts another good year in 2025 with even better bottom-line results. GM shares remained down by 10.4% as of 11:44 a.m. ET. ... Before you buy stock in General ...
GM data by YCharts. While there were plenty more positive aspects of GM's second quarter, investors might be wondering why the stock was trading roughly 6% lower as of 3 p.m. ET Tuesday.
Scratching at the surface of the question won't give you any answers. For instance, Ford's total U.S. sales increased 4% during 2024, compared to the prior year, to nearly 2.1 million vehicles ...
The auto industry has generally not been a lucrative investment opportunity.
Overall, GM said sales jumped 14.1% to 2.6 million vehicles for 2023, making it the company's best year since 2019. The automaker also grew its market share by 0.3% to 16.3% overall in the US.