03:06:09 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



General Motors Company
Symbol GMM
Shares Issued 1,494,723,270
Close 2017-06-30 U$ 34.95
Market Cap U$ 52,240,578,287
Recent Sedar Documents

Globe/wire say GM shortening summer shutdowns

2017-07-04 07:37 ET - In the News

The Globe and Mail reports in its Tuesday, July 4, edition that General Motors, Ford Motor and Fiat Chrysler are all shortening summer shutdowns or forgoing them altogether at some U.S. plants that make popular SUVs and pickups as demand for the bigger vehicles continues to chug along. A Bloomberg dispatch to The Globe reports that at the same time, several car plants are bracing for a cut in summertime shifts and output as manufacturers try to align supply with still-slumping passenger-car demand. Kelley Blue Book analyst Alec Gutierrez says: "It's been encouraging to see the level of discipline we've seen so far. We have seen a targeted cutback in production. There is recognition that the market is cooling off a bit." The full-year total of 17.2 million analysts have been projecting would end a seven-year winning streak for the auto sector but would still mark the fourth-best year on record. The industry sold 17.55 million cars and light trucks last year. Ford's U.S. sales chief Mark LaNeve says, "It doesn't look like there's any indication that we would gain enough momentum as an industry in the second half to eclipse last year."

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