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MarketScreener Homepage  >  Equities  >  Nyse  >  General Motors Corporation    GM

GENERAL MOTORS CORPORATION

(GM)
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General Motors : GM says Cadillac brand points to strong growth in China

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04/17/2019 | 03:05pm EDT
Woman walks past a board with a sign of Cadillac of GM during the media day for Shanghai auto show

(Reuters) - General Motors' luxury Cadillac brand is enjoying strong growth in China, the No.1 U.S. automaker said at a conference on Wednesday in New York.

GM Cadillac President Steve Carlisle said that Cadillac would expand its network of dealers to 500 in China by 2025.

The U.S. automaker will launch a new product every 6 months for the next 3 years in China, Carlisle said at a Bank of America Merrill Lynch conference.

Cadillac is expected to become the company's lead electric vehicle brand to challenge Tesla Inc.

Sales of the Cadillac brand in China rose 17.2 percent in 2018, and GM's Chief Executive Mary Barra has said that the company aims to sell 1 million electric vehicles per year by 2026, many of them in China, which has set strict production quotas on such vehicles.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by James Emmanuel)

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Financials ($)
Sales 2019 146 B
EBIT 2019 11 920 M
Net income 2019 8 693 M
Finance 2019 6 183 M
Yield 2019 4,24%
P/E ratio 2019 6,08
P/E ratio 2020 6,47
EV / Sales 2019 0,32x
EV / Sales 2020 0,31x
Capitalization 52 481 M
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Technical analysis trends GENERAL MOTORS CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 46,3 $
Spread / Average Target 25%
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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