In a surprising move, Berkshire Hathaway, led by Warren Buffett, divested its positions in General Motors (GM) and Activision Blizzard in the third quarter, as revealed in a regulatory filing. General Motors: Berkshire Hathaway sold a staggering 22 million shares in GM during the quarter. This comes as a significant shift since the conglomerate had been holding shares in GM … [Read more...] about Berkshire Hathaway’s Selling Spree: Exiting General Motors and Activision Blizzard
General Motors
United Auto Workers Continue Strikes Against General Motors
Approximately 4,900 United Auto Workers (UAW) have joined the ongoing strike at General Motors' Arlington Assembly Plant in Texas. This manufacturing facility is responsible for producing some of GM's most profitable vehicles including the Chevy Tahoe, Chevy Suburban, GMC Yukon, GMC Yukon XL, Cadillac Escalade, and Cadillac Escalade V. The UAW's decision to expand the strike to … [Read more...] about United Auto Workers Continue Strikes Against General Motors
General Motors Negotiates New Labor Deal
Canadian Auto Workers Union Reaches Tentative Agreement General Motors (ticker: GM) has recently reached a three-year tentative labor deal with Unifor, the union representing Canadian auto workers. While investors are primarily focused on this agreement, there remains uncertainty about the satisfaction of United Auto Workers (UAW) leadership. Highlights of the Agreement Under … [Read more...] about General Motors Negotiates New Labor Deal
Tesla Inc. Earnings Report Analysis
According to a Citi Research analyst, Tesla Inc. is expected to have a "neutral-to-slightly negative" setup for its upcoming earnings report. In comparison, the earnings prospects for General Motors Co. are seen as more compelling. Concerns over Tesla's Valuation Tesla's earnings report, scheduled for July 19, comes at a time when the company's shares have more than doubled … [Read more...] about Tesla Inc. Earnings Report Analysis
General Motors Stock on Track for Ninth Consecutive Trading Day of Gains
General Motors (GM) stock is showing impressive strength in the market, with a streak of gains not seen since July 2017. This positive performance can be attributed to a combination of fundamental news and favorable research from Wall Street. Impressive Second-Quarter Deliveries General Motors recently announced its second-quarter U.S. deliveries, which totaled 691,978 … [Read more...] about General Motors Stock on Track for Ninth Consecutive Trading Day of Gains
