Shares of the auto giant have fallen 25% since she took over in 2014.
Barra became CEO of the company nearly a decade ago in January 2014 and since then, General Motors stock has dropped 25%. The stock even has a slightly negative annualized return including reinvested dividends.
Investors value auto makers to a considerable degree on EV success, and GM also has been slow off the mark—with sales trailing many rivals. It produced just 32,000 EVs in the third quarter, against 430,000 for Tesla , and just 40% of GM’s total was on the company’s new Ultium platform that underpins its efforts to offer a wide range of electric cars and trucks.
“As we execute over the coming months and years, we believe our strategy will continue to support strong margins and cash flow and create significant value for our owners.” The GM spokesman noted the company has invested $77 billion over the past 10 years as part of those efforts. Net cash at the automotive operations is about $13 billion, or about a third of its market value. GM also has a valuable financial subsidiary, and the stock trades for half of its book value.
GM also has to contend with an activist union in the United Auto Workers, which has shut down some GM plants and is demanding big wage increases in current contract talks. Barra said GM’s offer, which involves a roughly 25% pay gain over four years, would result in most workers earning about $40 an hour by the end of the agreement.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stock Market Today: Dow, S&P 500 Open Lower; Alphabet Stock Price FallsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Weiterlesen »
Stock Market News Today: Dow, Nasdaq Slip; Alphabet Stock Price FallsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Weiterlesen »
Stock Market News Today: Nasdaq Falls 300 Points; Alphabet Stock Price Falls After EarningsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Weiterlesen »
Kurt Cobain's daughter marries Tony Hawk's son, reports sayDuring training, there is a $20.50 pay rate and a $21.74 pay rate during onboarding.
Weiterlesen »
Rachel Bilson reveals she suffered multiple miscarriages before welcoming daughter, 8: 'I've had losses'Bilson is mom to 8-year-old daughter Briar Rose, whom she shares with ex Hayden Christensen. The pair was together for nearly 10 years before splitting in 2017.
Weiterlesen »
Pa. Superior Court candidate Maria Battista suffered broken collarbone when struck by car: campaignThe Clarion County Republican was released from a hospital Monday, her campaign added.
Weiterlesen »