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General Motors Common Stock (NYSE: GM)
General Motors Inc. is a publicly traded company listed on the New York (NYSE) stock exchange under the ticker symbol "GM". General Motors is a component of the S&P 500 Index.
General Motors (GM) is classified under the GICS system as follows:
Sector: Consumer Discretionary
Under this classification, General Motors is considered to be a consumer discretionary company because its products are primarily purchased by consumers for personal use. As an automobile manufacturer, it falls under the industry category of automobiles, which includes companies involved in the design, manufacture, and sale of passenger cars, light trucks, and other vehicles.
(GICS stands for Global Industry Classification Standard, which is a system used by many financial market participants to classify companies into sectors and industries)
As a publicly traded company, General Motors's stock price is subject to fluctuations based on a variety of factors, including the company's financial performance, global economic conditions, and industry trends. General Motors also pays a dividend to its shareholders, although the amount and frequency of the dividend payments may vary depending on the company's financial results and other factors.
Investors who are interested in buying or selling General Motors stock can do so through a brokerage account or an online trading platform. It's important to keep in mind that investing in stocks carries risks, and past performance is not necessarily indicative of future results. Therefore, it's always recommended to do your own research and consult with a licensed financial advisor before making any investment decisions.
General Motors Common Stock Dividend
General Motors reinstated its dividend in August of 2022 and pays a quarterly dividend of $0.09 per share.
General Motors discontinued its dividend in April, 2020 as a reult of the COVID-19 Pandemic shutdown. Prior to COVID-19, GM paid a quarterly dividend of $0.38 per share (March, 2020).
Dividend payments are subject to change, and the decision to pay dividends is at the discretion of the company's board of directors. Factors such as the company's financial performance, cash flow, and capital requirements can influence dividend decisions. Investors should also be aware that past dividend payments are not necessarily indicative of future payments, and there is no guarantee that the company will continue to pay dividends at the same rate or at all.
General Motors (NYSE: GM) stock price by TradingView
About General Motors (NYSE: GM)
General Motors (GM) is an American multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts. The company is headquartered in Detroit, Michigan. GM is one of the largest automakers in the world, with operations in over 30 countries. General Motors was the world's largest automaker for over 70 years, from 1931 to 2007. GM is the largest employer in the US automotive industry, with over 164,000 employees worldwide.
GM has a long and storied history in the automotive industry, with many iconic models and innovations.
General Motors was founded in 1908 by William C. Durant, a businessman from Flint, Michigan. Durant acquired several car companies, including Buick, and merged them to form GM. Here is a brief history of GM:
GM purchased the Oldsmobile brand.
GM acquired the Cadillac brand.
GM introduced the Chevrolet brand.
GM became the largest car manufacturer in the world.
The stock market crash led to the Great Depression, and GM suffered significant financial losses.
GM focused on cost-cutting measures and introduced new models, such as the Chevrolet Suburban and the Cadillac V-16.
During World War II, GM produced military vehicles and equipment for the US government.
GM experienced significant growth and introduced iconic models such as the Chevrolet Bel Air, the Pontiac Bonneville, and the Cadillac Eldorado.
GM continued to grow but faced competition from foreign car manufacturers such as Toyota and Honda. GM introduced new models such as the Chevrolet Camaro and the Pontiac Firebird.
The oil crisis and economic recession hurt GM's sales, and the company faced increasing competition from Japanese car manufacturers. GM introduced smaller, more fuel-efficient cars such as the Chevrolet Vega and the Pontiac Sunbird.
GM faced financial difficulties and made significant cost-cutting measures. The company introduced new models such as the Chevrolet Cavalier and the Buick Regal.
GM faced increased competition from foreign car manufacturers and struggled financially. The company introduced new models such as the Chevrolet Lumina and the Pontiac Grand Prix.
GM continued to face financial difficulties and filed for bankruptcy in 2009. The company restructured and introduced new models such as the Chevrolet Volt and the Buick Enclave.
GM experienced significant growth and introduced new models such as the Chevrolet Cruze and the Cadillac ATS.
GM continues to be a major player in the automotive industry and is investing heavily in electric and autonomous vehicles.
GM's products range from cars and trucks to electric vehicles and self-driving technology. GM's vehicle brands include Chevrolet, Buick, GMC, and Cadillac. The Chevrolet Suburban, a full-size SUV produced by GM, is the longest-running vehicle model in continuous production, having been in production since 1935. In addition to its vehicle brands, GM also owns several subsidiaries that provide automotive financing, insurance, and mobility services. These include GM Financial, OnStar, and Cruise.
GM is investing heavily in electric vehicles (EVs) and autonomous driving technology. The company plans to launch 30 new EV models globally by 2025, with the goal of transitioning to an all-electric future. GM's autonomous driving subsidiary, Cruise, is working to develop self-driving cars for commercial use.
GM has a significant presence in China, which is the world's largest automotive market. The company operates several joint ventures with Chinese automakers, and has invested heavily in developing electric and autonomous vehicles for the Chinese market.
GM has a history of partnering with other companies in the automotive industry. For example, GM and Honda have collaborated on developing fuel cell technology, and GM has worked with Lyft to develop a network of autonomous ride-sharing vehicles.
Throughout its history, GM has been known for its innovation in the automotive industry. For example, in the 1920s, GM introduced the world's first electric starter, which replaced the hand crank that was previously used to start cars. In the 1950s and 1960s, GM pioneered the use of safety features such as seat belts and airbags.
However, GM has also faced challenges and controversy. In the early 2000s, the company struggled with declining sales and financial losses, and filed for bankruptcy in 2009. The US government provided financial assistance to help GM restructure and emerge from bankruptcy, which it did in 2010.
GM has faced criticism over its handling of several high-profile recalls in recent years. In 2014, the company recalled millions of vehicles due to a defect that could cause airbags to fail to deploy. The issue was linked to several deaths and injuries, and resulted in a significant financial penalty for GM. The company has since implemented new safety protocols to prevent similar issues from occurring in the future.
GM has also faced criticism over its environmental impact and labor practices. The company has made efforts to address these issues, such as by investing in electric and autonomous vehicles and negotiating with labor unions to improve working conditions for employees.
GM has a long history of sponsoring sports teams and events. For example, the company has been the official vehicle sponsor of Major League Baseball since 2005, and has sponsored the Olympic Games and Super Bowl in the past.
In 2020, GM announced that it would be rebranding its corporate logo for the first time in over 50 years. The new logo features a lowercase "gm" with a more modern and streamlined design, reflecting the company's focus on innovation and technology.
GM has been involved in various philanthropic initiatives over the years. For example, the company has donated millions of dollars to organizations such as Habitat for Humanity and the American Cancer Society, and has supported disaster relief efforts around the world.
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General Motors (NYSE: GM) Fundamentals by TradingView