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May 10, 2019
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General Motors (GM, $37.72) to invest $700 million and create 450 jobs in Ohio

General Motors (GM, $37.72) to invest $700 million and create 450 jobs in Ohio

General Motors confirmed plans of selling its Lorsdtown, Ohio factory to electric truck maker Workhorse Group, a deal in which GM has confirmed its plans of reinvesting $700 million and bringing 450 new manufacturing jobs at Toledo, Parma and Moraine facilities in Ohio.

If the deal is finalized, Workhorse -- which specializes in manufacturing electric vehicles -- would be run by a newly formed affiliate partially owned by Workhorse.

Once the deal is complete, Workhorse will have a stronger position in the electric vehicle community as the company can focus on building a commercial electric pickup truck. The plant could begin its production as soon as the sale is finalized.

In March, GM closed its Lordstown plant to reorient its attention on more profitable trucks and SUVs. GM’s Lordstown plant has built more than 16 million new vehicles over 50 years. On the other hand, Barra is shuttering most of its sedans to refocus on utility vehicles, autonomous driving and electric vehicles. By this year’s end, the company will have closed five production plants across the U.S., cutting more than 14,000 jobs.

United Auto Workers union, which represents workers at the Lordstown plant, will be monitoring the situation as it holds GM responsible for idling plants.

President Trump preempted the automaker's announcement over Twitter about an hour beforehand, thanking Barra for selling the plant to Workhorse and reinvesting money in other facilities in Ohio.

Related Ticker: GM

GM in upward trend: price rose above 50-day moving average on October 29, 2026

GM moved above its 50-day moving average on October 29, 2026 date and that indicates a change from a downward trend to an upward trend. In 29 of 33 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 88%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 29, 2026. You may want to consider a long position or call options on GM as a result. In 75 of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 79%.

The Moving Average Convergence Divergence (MACD) for GM just turned positive on October 28, 2026. Looking at past instances where GM's MACD turned positive, the stock continued to rise in 36 of 50 cases over the following month. The odds of a continued upward trend are 72%.

Following a +5.96% 3-day Advance, the price is estimated to grow further. Considering data from situations where GM advanced for three days, in 237 of 343 cases, the price rose further within the following month. The odds of a continued upward trend are 69%.

GM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

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 50 of 62 cases within the following month. The odds of a continued downward trend are 65%.

The Aroon Indicator for GM entered a downward trend on October 23, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron PE Growth Rating for this company is 3 (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 Price Growth Rating for this company is 45 (best 1 - 100 worst), indicating steady price growth. GM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 46 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock slightly better than average.

The Tickeron Valuation Rating of 62 (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 (1.237) is normal, around the industry mean (1.972). P/E Ratio (38.000) is within average values for comparable stocks, (14.594). Projected Growth (PEG Ratio) (0.283) is also within normal values, averaging (2.450). Dividend Yield (0.008) settles around the average of (0.141) among similar stocks. P/S Ratio (0.426) is also within normal values, averaging (2.648).

The Tickeron SMR rating for this company is 88 (best 1 - 100 worst), indicating weak sales and an unprofitable 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.

The Tickeron Seasonality Score of 95 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F), NIO Inc. (NYSE:NIO).

Industry description

Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.

Market Cap

The average market capitalization across the Motor Vehicles Industry is 78.56B. The market cap for tickers in the group ranges from 669 to 1.58T. TSLA holds the highest valuation in this group at 1.58T. The lowest valued company is PEVM at 669.

High and low price notable news

The average weekly price growth across all stocks in the Motor Vehicles Industry was -2%. For the same Industry, the average monthly price growth was -14%, and the average quarterly price growth was -32%. GM experienced the highest price growth at 15%, while FFAI experienced the biggest fall at -33%.

Volume

The average weekly volume growth across all stocks in the Motor Vehicles Industry was 7%. For the same stocks of the Industry, the average monthly volume growth was 18% and the average quarterly volume growth was -33%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 44
P/E Growth Rating: 46
Price Growth Rating: 72
SMR Rating: 87
Profit Risk Rating: 91
Seasonality Score: 11 (-100 ... +100)
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General Information

a manufacturer of cars, trucks and automobile parts

Industry MotorVehicles

Industry
Motor Vehicles
Address
1240 Woodward Avenue
Phone
+1 313 667-1500
Employees
156000
Web
https://www.gm.com
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