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-0.000712589073634231 -0.000475059382422708 -0.00285035629453676 -0.00380047505938234 -0.0102137767220903 -0.00665083135391927 -0.00760095011876485 -0.0135391923990499
Stock impact report

General Motors: Investors Are Overestimating The Threats [Seeking Alpha]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Seeking Alpha
SummaryGM, like rivals, has halted production in North America to slow the spread of COVID-19, putting severe pressure on near-term cash flow.With over $30 billion of cash on hand at the end of Q1 (including cash recently drawn from its credit lines), GM has ample liquidity for the next several months.GM's restructuring efforts of the past five years have significantly reduced its exposure to high-cost and low-margin markets, particularly Europe.Entering 2020, GM had abnormally low inventory in North America due to the UAW strike last fall, so it won't need to reduce inventory in response to weaker demand.GM's Q4 2019 results show its downturn resilience, as the company posted a small profit despite a 24% plunge in wholesales in North America.The rapid spread of the COVID-19 pandemic in the U.S. beginning last month has decimated domestic auto sales. It has also forced automakers around the country tosuspend productionGeneral MotorsUnsurprisingly, shares of GM,Ford MotorFiat ChryslerF Show less Read more
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