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MarketScreener Homepage  >  Equities  >  Nyse  >  General Motors Company    GM

GENERAL MOTORS COMPANY

(GM)
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General Motors : GM Defers Some Pay for White-Collar Workers

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03/26/2020 | 04:58pm EDT

By Mike Colias

 

General Motors Co. said it will defer some salary for more than 60,000 salaried employees to conserve cash as the coronavirus outbreak cripples auto production and car sales world-wide.

Employees will have 20% of their cash compensation deferred starting April 1, GM said Thursday. They will be repaid in a lump sum by March 15, 2021. GM executives will have 25-30% of their salaries deferred, the company said.

About 6,500 salaried GM employees in the U.S. will be put on a "paid absence," receiving 75% of their normal salary. Those are mostly employees in manufacturing or engineering jobs that can't be done remotely.

Ford Motor Co. earlier Thursday said its top 300 executives would have 20% to 50% of their pay deferred.

 

Write to Mike Colias at mike.colias@wsj.com

 

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Financials (USD)
Sales 2020 134 B
EBIT 2020 9 748 M
Net income 2020 6 598 M
Finance 2020 5 388 M
Yield 2020 6,93%
P/E ratio 2020 3,42x
P/E ratio 2021 3,60x
EV / Sales2020 0,15x
EV / Sales2021 0,12x
Capitalization 25 994 M
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Technical analysis trends GENERAL MOTORS COMPANY
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 36,28  $
Last Close Price 18,19  $
Spread / Highest target 224%
Spread / Average Target 99,4%
Spread / Lowest Target -23,0%
EPS Revisions
Managers
NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Mark L. Reuss President
Dhivya Suryadevara Chief Financial Officer & Executive Vice President
Jon J. Lauckner Chief Technology Officer & Executive VP
Randall D. Mott Chief Information Officer
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