What happened
Shares of General Motors (NYSE: GM) were down on Monday after rival Ford Motor Company (NYSE: F) warned that it will post a loss for the first quarter and that it doesn't expect to reopen its idling factories soon.
Wall Street's main indexes slipped on Monday as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic.
Wall Street's main indexes slipped on Monday as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic.
The underlying premise sounds reasonable enough: Encourage consumers to buy new cars with generous subsidies to sell their older ones, and as a result, you'll give the U.S. economy a much-needed shot in the arm. From that perspective, the recently floated idea has plenty of supp
One of the hallmarks of the bull market of the 2010s was how many companies dramatically boosted the amount of capital they returned to shareholders. Although much of that capital return came in the form of stock buybacks, there was still a significant portion that companies pai
Auto factories in North America are shut down, and it isn't clear when they'll reopen. Both Ford Motor (NYSE: F) and General Motors (NYSE: GM) are scrambling to cut costs, hoping that their cash hoards will hold out until the coronavirus outbreak is under control.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Global automakers reeling from the COVID-19 pandemic are accelerating efforts to restart factories from Wuhan to Maranello to Michigan, using safety protocols developed for China and U.S. ventilator production operations launched in recent weeks.
The United States on Wednesday awarded automaker General Motors Co a contract worth $489.4 million to make ventilators needed to treat severely sick coronavirus patients.
Taiwanese electronics manufacturer Foxconn will make ventilators with U.S. firm Medtronic Plc to help patients afflicted by the coronavirus outbreak, the company said on Wednesday. Foxconn said it was currently cooperating with Medtronic to design and develop ventilators.
What happened
Shares of the three Detroit automakers fell sharply in March, according to data provided by S&P Global Market Intelligence. All were hit hard by the drastic effects of the coronavirus pandemic on their industry.
What happened
Shares of General Motors (NYSE: GM) were surging on Tuesday afternoon, as an analyst's pessimistic downgrade failed to dent investors' growing optimism about GM's prospects once the coronavirus pandemic fades.