General Motors extends U.S. production cuts due to chip shortage

  • General Motors (GM -1.2%) says it will extend production cuts at three North American plants and add a fourth factory to the list due to the global semiconductor chip shortage.
  • Importantly, the extended cuts do not change GM's forecast from last month that the chip shortage could cut up to $2B from earnings this year.
  • The automaker also didn't back off CFO Paul Jacobson's comment last week that chip supplies should return to normal rates by the second half of the year.

    General Motors fundamentals

    For this year the company, located in Detroit revenue will be around 139.95 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2020's revenue of 122.49 billion USD.

    Historical revenues and results General Motors plus estimates 2020

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    The analysts expect for 2021 a net profit of 7.64 billion USD. Most of the analysts anticipate on a profit per share of 5.18 USD. The price-earnings-ratio equals 10.38.

    Analysts expect a dividend of 73 cents per share. The dividend yield is then 1.36 percent. The average dividend yield of the automobile producers equals a limited 1.36 percent.

    General Motors 's market capitalization is based on the number of outstanding shares around 75.25 billion USD. The General Motors stock was the past 12 months quite volatile. Since last March the stock is even 87 percent higher. This year the stock price moved between 14 and 57 dollar.

    Historical stock prices General Motors

    fundamental data generalmotors

    Click here for dividend General Motors. At 21.07 the stock trades 1.88 percent higher at 53.75 USD.

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