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General Dynamics Wins Contract to Aid Columbia Class Submarine Program
ZACKS· 2025-04-09 13:45
General Dynamics Corp.’s (GD) business segment, Mission Systems, recently secured a modification contract involving the Columbia ballistic missile submarine program. The award has been offered by the Strategic Systems Programs, Washington, D.C.Details of the DealValued at $13.1 million, the contract is expected to be completed by Nov. 30, 2027. Per the terms of the deal, General Dynamics will supply new procurement spares to support Columbia ballistic missile submarine class development, production and inst ...
General Motors: When Good News Isn't Good Enough
MarketBeat· 2025-04-09 11:47
Core Viewpoint - General Motors (GM) reported a 17% year-over-year increase in first-quarter deliveries, but the stock has dropped over 6% following the announcement of new tariffs by the Trump administration [1][2]. Group 1: Tariff Impact - A 25% tariff is now in effect on vehicles not assembled in the U.S., with additional tariffs on certain auto parts set to take effect on May 3, 2025 [2]. - JPMorgan estimates that these tariffs could cost GM up to $14 billion, nearly equal to its entire profit for 2024, based on $38 billion of vehicle imports and $4 billion for parts subject to tariffs [2]. - Ford is projected to incur a smaller hit of about $6 billion from the tariffs [3]. Group 2: Consumer Behavior - Anticipation of price increases due to tariffs has led consumers to buy cars in advance, which is expected to continue into the second quarter [4]. Group 3: Company Strategy - GM is actively working on strategies to offset potential tariffs, including increasing production of light-duty trucks at its Fort Wayne, Indiana assembly plant [6]. Group 4: Stock Performance and Forecast - As of April 8, GM's stock is down 18.3% year-to-date and has turned negative for the past 12 months [7]. - Analysts have a consensus price target of $61.00 for GM, indicating a potential upside of 43.67% from the current price of $42.46 [7][9]. - The stock is trading at a forward P/E ratio of 3.81, suggesting it may be undervalued compared to other automotive stocks [8]. Group 5: Market Sentiment - The options market shows a nearly even split between bullish and bearish sentiment, with call options for $47 and put options for $42 receiving similar trading volumes [9]. - Analysts currently hold a "Hold" rating on GM, with some suggesting it may be the best option among auto stocks, albeit in a challenging market environment [10][12].
Gentherm Recognized as 2024 Supplier of the Year by General Motors
Newsfilter· 2025-04-08 20:30
NOVI, Mich., April 08, 2025 (GLOBE NEWSWIRE) -- Today, General Motors presented Gentherm with a 2024 Supplier of the Year Award at GM's 33rd annual Supplier of the Year event in Phoenix, Arizona. This is the third time Gentherm has received the award. "We are incredibly honored to be recognized as a General Motors Supplier of the Year," said Jaymi Wilson, Senior Vice President and General Manager, North America Automotive and Global Sales and Marketing at Gentherm. "This award reflects the long-standing rel ...
GM axing Cadillac XT6 crossover, extending production of another vehicle in Tennessee
CNBC· 2025-04-08 18:52
Group 1 - General Motors will end production of the gasoline-powered Cadillac XT6 crossover at its Spring Hill assembly plant by the end of this year [1][2] - The production of the smaller Cadillac XT5 crossover will continue at the same facility until at least the end of 2026 [2] - The changes in production are part of Cadillac's strategy to transition towards a full lineup of all-electric vehicles, rather than being influenced by tariffs [3] Group 2 - Cadillac has adjusted its goal of exclusively selling electric vehicles by 2030, while actively rolling out new products, including six new or updated models in the past year [4]
Dollar General Up 29% in Three Months: Book Profit or Hold DG Stock?
ZACKS· 2025-04-08 14:35
Dollar General Corporation (DG) has made an impressive comeback, rising about 28.5% over the past three months. For investors who stayed invested during the retailer’s difficult stretch, this recent rally may feel like long-overdue validation. But with the sharp rebound in the stock, many are now asking a critical question — is it time to lock in gains, hold their position or invest more?Closing yesterday’s trading session at $92.02, Dollar General has outpaced the industry, which has fallen 4.4%, and the b ...
Vermilion Energy Inc. Confirms First Quarter 2025 Release Date and Filing of the Management Information Circular in Connection with the Annual General Meeting of Shareholders
Prnewswire· 2025-04-07 20:05
CALGARY, AB, April 7, 2025 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX: VET) (NYSE: VET) will release its 2025 first quarter operating and condensed financial results on Wednesday, May 7, 2025 after the close of North American markets. The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2025 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR+") at www.sedarplus.ca, on EDGAR at ...
GM reveals Corvette EV concept car as it reconfirms commitment to Europe
CNBC· 2025-04-07 19:37
DETROIT — General Motors on Monday revealed a new all-electric Chevrolet Corvette concept car as part of the opening of a new design studio in England.The car features a sleek, aerodynamic exterior that resembles a futuristic IMSA race car more than a traditional Corvette, but it does pay some homage to the American sports car in featuring a split window design from the 1963 Sting Ray model, among other design elements.GM said the new concept — which is a "design study" not intended to be a production model ...
TikTok reportedly stays on App Store after assurance from Attorney General Pam Bondi
CNBC· 2025-04-06 19:47
Group 1 - Apple will keep TikTok on its App Store for at least 75 more days after receiving assurances from Attorney General Pam Bondi [1][3] - President Trump signed an executive order to extend the TikTok ban deadline for the second time, requiring ByteDance to sell its U.S. operations under a national security law [2] - The extension of the TikTok ban comes after Trump announced cumulative tariffs of 54% on China, indicating a potential negotiation for tariff reductions to facilitate the sale of TikTok's U.S. operations [5] Group 2 - TikTok briefly went offline for U.S. users in January after the initial ban deadline, and it was unavailable for download until February 13, when Apple reinstated it following a similar assurance from Bondi [4] - AG Bondi's letter indicated that Apple would not be penalized for hosting TikTok, aligning with Trump's deadline extension [3] - Trump suggested that he might reduce tariffs to help facilitate a deal for ByteDance to sell TikTok's U.S. operations, emphasizing the significance of tariffs over the TikTok deal [5]
LG新能源拟收购这一电池厂全部股份
起点锂电· 2025-04-05 06:30
4月3日消息,LG 新能源(即 LG Energy Solution、LG Ensol)在当地时间4月1日向韩国证券交易所部门披露的文件中表示,计划收购通用汽 车在双方合资企业 Ultium Cells 下属密歇根州兰辛 (Lansing) 第三电池工厂的股份。 Ultium Cells 兰辛电池工厂账面价值为 20.84 亿美元(现汇率约合 152.05 亿元人民币),由于 LG 新能源和通用汽车在该项目持股比例为 50% : 50%,因此 LG 新能源此次实际需出资约 10 亿美元。这笔交易预计在 5 月底前完成。 01 | 亿纬锂能大圆柱电池良率突破97% 02 | 2.6亿元超高倍率锂电池项目落地北 京 03 | 宁德时代入股储能企业敲钟上市 04 | 小米SU7事故后续:动力电池成焦 点 往 期 回 顾 Directing Friday 2 程高物电 > 新闻: Publ 20起点轻型动力电池技朮高峰论坛 25 第五 届 起 点 两 轮 车换 电 大 会 方 果 拓展新兴应用市场 码上参会 ** 2025年7月10-11日|江贡元锡 点击阅读原文,即可报名参会! LG 新能源表示此举可降低 Ulti ...
How's General Motors Faring in China Amid Fierce Competition?
ZACKS· 2025-04-04 17:40
Core Viewpoint - General Motors (GM) is facing significant challenges in the Chinese market, which is crucial for its operations, while also experiencing growth in new energy vehicle (NEV) sales. The company is restructuring its operations to regain profitability amidst increasing competition from local automakers and other global players like Tesla and BYD [1][4][6]. Group 1: Market Performance - In Q1 2025, GM delivered 442,000 vehicles in China, showing a nearly flat performance year over year but a decline of 26.3% sequentially [2]. - NEV sales for GM surged by 53.2% year over year, indicating a strong demand for electric vehicles [2]. - The Buick GL8 led the premium MPV segment with 24,000 units sold, while the Wuling Hong Guang MINIEV remained popular [3]. Group 2: Competitive Landscape - Tesla's sales in China have faced challenges, with a reported decline of 11.5% year over year in January, February, and March [5]. - BYD has emerged as a strong competitor, delivering 416,388 battery electric vehicles (BEVs) in Q1 2025, surpassing Tesla's 336,681 units [6]. - GM is under pressure to expand its market share as local players like BYD increasingly dominate the industry [6]. Group 3: Strategic Initiatives - GM has initiated a major restructuring of its China operations, which includes cost-cutting measures, rightsizing, and refreshing its product lineup [4]. - Positive equity income was reported in the last quarter of 2024, excluding $5 billion in restructuring costs, indicating that restructuring efforts are beginning to yield results [4]. - GM aims to restore profitability in China within the current year [4]. Group 4: Financial Metrics - GM's shares have declined approximately 14% year to date, which is better than the industry's decline of 24% [7]. - The company trades at a forward price-to-earnings ratio of 3.96, significantly lower than the industry average, and carries a Value Score of A [9]. - The Zacks Consensus Estimate for GM's Q1 EPS has decreased over the past 30 days, while estimates for Q2 have increased [10].