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MarketScreener Homepage  >  Equities  >  Nyse  >  General Motors Company    GM

GENERAL MOTORS COMPANY

(GM)
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GM Joint Venture Seeking 1,100 Workers for Ohio Battery Plant

11/05/2020 | 04:01pm EST

By Stephen Nakrosis

General Motors Co. on Thursday said it was accepting applications for workers at the Ultium Cells LLC battery cell manufacturing facility in Lordstown, Ohio.

The facility, which will be run through a joint venture with LG Chem, is looking to hire over 1,100 workers, the auto maker said.

GM also said the plant will "be about the size of 30 football fields" and "have annual capacity of more than 30 gigawatt hours and room for expansion." The plant will produce battery cells for the GMC HUMMER EV, Cadillac LYRIQ, Cruise Origin shared self-driving vehicle and other vehicles.

"This facility will lead us into a new era of manufacturing and sustainability as we push toward a zero-emissions future," said Thomas Gallagher, plant director, Ultium Cells LLC.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

11-05-20 1600ET

Stocks mentioned in the article
ChangeLast1st jan.
GENERAL MOTORS COMPANY 0.58% 55.4 Delayed Quote.33.05%
GENUINE PARTS COMPANY -0.57% 101.64 Delayed Quote.1.20%
LG CHEM, LTD. -1.32% 975000 End-of-day quote.18.33%
LG CORP. -7.36% 107000 End-of-day quote.22.29%
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Financials (USD)
Sales 2020 120 B - -
Net income 2020 5 731 M - -
Net cash 2020 6 160 M - -
P/E ratio 2020 13,8x
Yield 2020 0,71%
Capitalization 79 294 M 79 294 M -
EV / Sales 2020 0,61x
EV / Sales 2021 0,52x
Nbr of Employees 164 000
Free-Float 95,0%
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Technical analysis trends GENERAL MOTORS COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 57,24 $
Last Close Price 55,40 $
Spread / Highest target 30,0%
Spread / Average Target 3,31%
Spread / Lowest Target -22,4%
EPS Revisions
Managers and Directors
NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Mark L. Reuss President
Paul A. Jacobson Chief Financial Officer & Executive Vice President
Randall D. Mott Chief Information Officer
Matthew Tsien Chief Technology Officer & Executive VP
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1st jan.Capitalization (M$)
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