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

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

GENERAL MOTORS CORPORATION (GM)
Mes dernières consult.
Most popular
  Report  
Delayed Quote. Delayed  - 02/20 10:00:18 pm
40.77 USD   -0.78%
03:46aGM OFFERS $2.8 : South Korea official
RE
03:45aGENERAL MOTORS : GM offers $2.8 billion investment in South Korea ov..
RE
03:25aSOUTH KOREA HAS : trade minister
RE
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

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 CET
Leaves of a tree are pictured in front of a factory building with a logo of German car manufacturer Opel at the headquarters in Ruesselsheim

HAMBURG/FRANKFURT (Reuters) - 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

Valeurs citées dans l'article
ChangeLast1st jan.
GENERAL MOTORS CORPORATION -0.78% 40.77 Delayed Quote.2.00%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL MOTORS CORPORATION
03:46aGM OFFERS $2.8 BILLION INVESTMENT IN : South Korea official
RE
03:45aGENERAL MOTORS : GM offers $2.8 billion investment in South Korea over 10 years ..
RE
03:25aSOUTH KOREA HAS ASKED FOR AUDIT INTO : trade minister
RE
12:54aHAGENS BERMAN : Federal Judge Upholds Emissions-Cheating Claims Against GM and B..
BU
02/20GENERAL MOTORS : plans July shutdown for upgrades at Flint Assembly
AQ
02/20ISUZU MOTORS : SA receives major boost from Isuzu Motors investment
AQ
02/20BP sees self-driving electric vehicles crimping oil demand by 2040
RE
02/20GENERAL MOTORS : Data Projects Lithium Market to Grow at a CAGR of More Than 10%
PR
02/20Moore Hyundai moving to Kentucky 54/But Toyota, Honda and Nissan will stay on..
AQ
02/20HYUNDAI HCN : Moore Hyundai moving to Kentucky 54
AQ
More news
News from SeekingAlpha
02/20'Safer' Dividends Found From Fredrik Follower Favorite & Rogue Top Gainers Pa.. 
02/20WALL STREET BREAKFAST : Albertsons Scoops Up Rest Of Rite Aid 
02/20GM pitches equity deal for Seoul's support 
02/19TESLA BEARS : The Boys Who Cried Wolf 
02/19FORD : I Was Misinformed 
Financials ($)
Sales 2018 144 B
EBIT 2018 11 449 M
Net income 2018 8 926 M
Finance 2018 5 401 M
Yield 2018 3,85%
P/E ratio 2018 6,57
P/E ratio 2019 6,49
EV / Sales 2018 0,37x
EV / Sales 2019 0,36x
Capitalization 58 365 M
Chart GENERAL MOTORS CORPORATION
Duration : Period :
General Motors Corporation Technical Analysis Chart | GM | US37045V1008 | 4-Traders
Technical analysis trends GENERAL MOTORS CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 48,0 $
Spread / Average Target 17%
EPS 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
Patricia Fiorello Russo Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL MOTORS CORPORATION2.00%58 365
TOYOTA MOTOR CORP-0.12%225 078
VOLKSWAGEN-0.82%104 379
DAIMLER1.60%93 891
BAYERISCHE MOTOREN WERKE0.69%70 043
HONDA MOTOR CO LTD-3.57%65 210