GM recalls 69,000 Chevrolet Bolt Evs

  • General Motors (GM) announced Friday that it was recalling 69,000 Chevrolet Bolt electric vehicles due to fire risk concerns.
  • The Bolt EV models were already recalled in November for a similar issue, but two new fires have been reported even after the fix.
  • GM and National Highway Traffic Safety Administration urge Bolt owners to park their vehicles outside away from their homes and keep charge levels above 70 miles until GM replaces the cars' battery modules.
  • 'The question is whether GM has the technological capability to detect and identify defective batteries. If there is not, they may have to replace the total batteries, which will be costly, like Hyundai did," South Korean battery expert Park Chul-wan commented.
  • Ford Motor Company had to recall 851,000 cars and trucks last week due to faulty parts.

    For this year the company, based in Detroit revenue will be around 135.82 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2021's revenue of 122.49 billion USD.

    Historical revenues and results General Motors plus estimates 2021

    aandelenanalyses

    The analysts expect for 2021 a net profit of 9.32 billion USD. For this year the consensus of General Motors 's result per share is a profit of 6.56 USD. So the price/earnings-ratio equals 8.3.

    For this year most of the analysts expect a dividend of 44 cents per share. The dividend yield is then 0.81 percent. The average dividend yield of the automobile producers is a good 2.83 percent.

    Based on the current number of outstanding shares General Motors 's market capitalization 76.22 billion USD. 105

    Historical stock prices General Motors

    stock price generalmotors

    On Thursday the stock closed at 54.44 USD.

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