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.
Momentum Indicator for GM turns positive, indicating new upward trend
GM saw its Momentum Indicator move above the 0 level on June 27, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 88 similar instances where the indicator turned positive. In of the 88 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for GM just turned positive on June 27, 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 .
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 .
GM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 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 of 62 cases within the following month. The odds of a continued downward trend are .
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 (79.562).
The Tickeron Price Growth Rating for this company is (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 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock slightly better than average.
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
Industry MotorVehicles
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