General Motors (GM, $35.93) Plans To End Operations at Oshawa Plant in Canada , To Restructure Product Line and Cut Costs
General Motors wants to shut down production in the Canadian city of Oshawa, Ontario by 2019. On Monday, GM chairman and CEO Mary Barra revealed during a conference in Detroit that the auto maker is planning to end production at the Oshawa assembly plant, along with two other facilities in Detroit and Warren, Ohio. The company apparently is looking to focus more on autonomous and electric vehicles.
According to Barra, GM's restructuring of its product manufacturing process will result in cost savings of an estimated $6 billion for the company by 2020, and might include slashing its global salaried and salaried contract staff by 15 per cent. (as reported by Canada’s CBC). But it is not yet fully clear exactly how many of the 2,500 jobs at Oshawa will be lost.
Unifor, which represents 315,000 unionized workers in Canada, said late Sunday that while it does not have the complete details yet, it knows that no GM product has been allocated to the Oshawa Assembly Plant past December 2019. The union also mentioned in the Sunday note that it had been informed that GM will "make a major announcement" on Monday that would likely affect global operations. “Based on commitments made during 2016 contract negotiations, Unifor does not accept this announcement and is immediately calling on GM to live up to the spirit of that agreement," Unifor said.
Monday morning, thousands of General Motors assembly plant workers in Oshawa, Ont., halted production. The union is planning to hold a meeting with GM later in the day.
More than 16 months ago, GM was reportedly considering "whether to cancel at least six passenger cars in the U.S. market after 2020, including the Chevrolet Volt hybrid, Buick LaCrosse, Cadillac CT6, Cadillac XTS, Chevrolet Impala and Chevrolet Sonic," according to Reuters, citing unnamed sources familiar with the matter. The carmaker’s steps seem to be a response to a slowing demand in the auto market.
GM's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for GM turned positive on April 22, 2025. Looking at past instances where GM's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GM's RSI Oscillator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GM advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 233 cases where GM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on GM as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
GM moved below its 50-day moving average on April 29, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for GM crossed bearishly below the 50-day moving average on April 04, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GM broke above its upper Bollinger Band on April 24, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.815) is normal, around the industry mean (6.217). P/E Ratio (6.202) is within average values for comparable stocks, (17.826). Projected Growth (PEG Ratio) (0.846) is also within normal values, averaging (5.723). GM has a moderately low Dividend Yield (0.009) as compared to the industry average of (0.042). P/S Ratio (0.362) is also within normal values, averaging (78.608).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. GM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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a manufacturer of cars, trucks and automobile parts
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