Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  General Motors Company    GM

Delayed Quote. Delayed  - 09/28 10:00:16 pm
31.9 USD   +0.95%
02:08a AUTONOMOUS CARS : Barra, Ford, Snyder, Duggan to speak about future
02:08a GENERAL MOTORS : Lyft drivers will be among first Chevrolet Bolt cus..
09/28DJJPMORGAN CHASE : Ban Business Dinners and 7 Other Career Tips From t..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

General Motors Company : Opel revamp deal expected this week - German union

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/28/2013 | 01:35pm CEST

German union IG Metall expects to strike a deal this week with General Motors Co's Opel unit over the restructuring of the carmaker's German operations.

"We are just about to reach an agreement," said a spokesman for IG Metall on Thursday.

The negotiations, which started in June and were supposed to complete by the end of October, could be concluded on Thursday but may need an extra day, according to the union spokesman.

Opel could not be reached immediately for comment.

The deal is expected to extend job guarantees by another two years to 2016 for all four German plants, which together employ around 20,000 workers.

At the start of 2017 at the latest, however, assembly lines at the Bochum car plant will cease running and only some components and warehousing jobs will remain under the deal.

A union source involved in the negotiations told Reuters labour leaders were not willing to agree on further wage concessions and job cuts in Bochum.

Workers fear GM wants to "hollow out" Opel, where labour has had certain rights under German law ever since it became a joint stock company in 2010.

Operating assets outside of Germany once owned by the company were being successively regrouped directly under parent GM, triggering union suspicions that Detroit wanted to undermine union influence in product, investment and strategy decisions.

Unions want to avoid further decisions such as the one taken a year ago to build the Opel Antara SUV in South Korea, taken by parent GM above the heads of Opel management and its supervisory board, in which unions have a seat at the table.

GM's second-largest brand behind only Chevrolet, Opel has lost billions in recent years as Europe's car market has plumbed near 20 year lows, despite repeated bouts of job cuts that included closing a car plant in Belgium at the end of 2010.

(Editing by David Holmes)

By Jan Schwartz and Christiaan Hetzner

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL MOTORS COMPANY
02:08a AUTONOMOUS CARS : Barra, Ford, Snyder, Duggan to speak about future
02:08a GENERAL MOTORS : Lyft drivers will be among first Chevrolet Bolt customers
09/28DJJPMORGAN CHASE : Ban Business Dinners and 7 Other Career Tips From the CEOs of G..
09/28 GENERAL MOTORS : Jerry L. Bryant
09/28 HONDA MOTOR : South Korea orders recall of automobiles with Takata airbags
09/28 GENERAL MOTORS : Barra, Ford, Snyder, Duggan to address mobility forum
09/28DJAir-Bag Maker Takata in Talks to Settle Likely Criminal Case
09/28DJGENERAL MOTORS : Promoting Women Is Crucial -- WSJ
09/27DJFord Fights Back Against Trump Debate Claims
09/26 SEPTEMBER U.S. AUTO SALES SEEN DOWN : JD Power-LMC
More news
Sector news : Auto & Truck Manufacturers - NEC
04:15a VOLKSWAGEN : VW CEO hopeful of deal with U.S. authorities by year-end
09/28DJSolarCity Names Finance Chief, in Solar Funds Venture
09/28DJFORD MOTOR : Recalls Focus Hatchbacks
09/28 HONDA MOTOR : reports another Takata airbag rupture in fatal Malaysia crash
09/28DJHanjin Sale Is Possible, Court Says
More sector news : Auto & Truck Manufacturers - NEC
News from SeekingAlpha
09/28 AUTOMOTIVE TRENDS AND STRONG FINANCI : Why I Am Bullish On Integrated Device Tec..
09/27 GM, FORD OR FIAT CHRYSLER : Which Do You Think Is The Best?
09/27 Should You Buy General Motors For Its 4.7% Yield?
09/27 India To Ratify COP21 Agreement; Legal Attempts To Make U.S. The Spoiler Cont..
09/27 The Prisoner's Dilemma And Carmakers' Profits
Advertisement
Financials ($)
Sales 2016 158 768 M
EBIT 2016 11 457 M
Net income 2016 9 078 M
Finance 2016 6 040 M
Yield 2016 4,72%
P/E ratio 2016 5,65
P/E ratio 2017 5,58
EV / Sales 2016 0,27x
EV / Sales 2017 0,27x
Capitalization 49 357 M
More Financials
Chart GENERAL MOTORS COMPANY
Duration : Period :
General Motors Company Technical Analysis Chart | GM | US37045V1008 | 4-Traders
Full-screen chart
Technical analysis trends GENERAL MOTORS CO...
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 36,7 $
Spread / Average Target 16%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Daniel Ammann President
Charles K. Stevens Chief Financial Officer & Executive Vice President
Randall D. Mott Chief Information Officer & Senior Vice President
Kathryn V. Marinello Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL MOTORS COMPANY-7.09%49 669
TOYOTA MOTOR CORP-20.65%195 811
DAIMLER AG-20.73%74 444
VOLKSWAGEN AG-15.36%68 954
BAYERISCHE MOTOREN WER..-25.04%53 925
HONDA MOTOR CO LTD-23.63%52 843
More Results