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MarketScreener Homepage  >  Equities  >  Nyse  >  General Motors Company    GM

GENERAL MOTORS COMPANY

(GM)
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General Motors : Despite labor costs, GM averts financial woes of its past

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10/18/2019 | 01:57pm EST

DETROIT (AP) — The new four-year deal between General Motors and 49,000 United Auto Workers will drive up the company's expenses with pay raises, bonuses and other increases.

But analysts say GM is far better able to handle the expenses now than it was a decade ago, when the high cost of labor helped send it into bankruptcy protection.

Workers still have to vote on the agreement. But they'll get pay raises, lump-sum payments and an $11,000 signing bonus. GM did score some victories, largely by avoiding many costly items the union wanted.

Analysts say GM is a far leaner company than it was during the Great Recession with far fewer employees.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed., source Associated Press News

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Financials (USD)
Sales 2019 137 B
EBIT 2019 8 580 M
Net income 2019 6 281 M
Finance 2019 4 076 M
Yield 2019 4,20%
P/E ratio 2019 8,37x
P/E ratio 2020 5,95x
EV / Sales2019 0,35x
EV / Sales2020 0,30x
Capitalization 52 708 M
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Technical analysis trends GENERAL MOTORS COMPANY
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 47,15  $
Last Close Price 36,89  $
Spread / Highest target 84,3%
Spread / Average Target 27,8%
Spread / Lowest Target -7,83%
EPS Revisions
Managers
NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Mark L. Reuss President
Dhivya Suryadevara Chief Financial Officer & Executive Vice President
Randall D. Mott Chief Information Officer & Senior Vice President
Patricia Fiorello Russo Independent Director
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