The value of GM stock was down during the week of March 7th to March 11th, 2022, compared to the stock’s closing value the week prior. Shares closed this week at $41.51 per share, representing a decrease of $0.89 per share, or 2.1 percent compared to the previous week’s closing value of $42.40.
| Date | Open | Close/Last | High | Low |
|---|---|---|---|---|
| 3/11/2022 | $42.08 | $41.51 | $42.34 | $41.48 |
| 3/10/2022 | $41.41 | $41.85 | $42.23 | $40.86 |
| 3/9/2022 | $42.26 | $42.28 | $42.86 | $41.80 |
| 3/8/2022 | $40.84 | $40.20 | $42.31 | $39.96 |
| 3/7/2022 | $42.29 | $39.83 | $42.44 | $40 |
By comparison, shares of GM’s cross-town rival, Ford Motor Company, decreased 4.81 percent, or $0.81 per share, during the same timeframe.
GM stock value was down this week after substantial losses last week and flat performance the week prior.
Some of the factors affecting GM stock value this week included the finalization of autonomous vehicle rules from the NHTSA, with GM working towards launching a fleet of new self-driving ride-share vehicles. It was also reported that GM is looking to secure a reliable source of nickel amid rising prices and falling supply, while GM has confirmed a new imported vehicle business in China.
Finally, in legal news, GM Financial has agreed to pay out $1.8 million after it allegedly violated Massachusetts consumer protection laws.
General Motors continues to drive towards the mass adoption of all-electric vehicles, previously announcing a massive $7 billion investment into its Michigan-based production facilities, including $4 billion to convert the Orion Township plant for production of the new Chevy Silverado EV and Sierra EV, $2.5 billion for a third Ultium Cells battery plant, and a further $500 million to support production of the next-generation Chevy Traverse and Buick Enclave. The investment is largest single investment in GM history, prompting responses from the White House, among other groups. GM is now shooting for EV production capacity greater than 1 million units.
GM says it has 59,000 reservations for the new GMC Hummer EV and 110,000 reservations for the Chevy Silverado EV, plus 25,000 reservations for the BrightDrop EV600 and EV410 all-electric commercial vans. GM also recently announced a fourth Ultium Cells battery plant and an upcoming third EV truck plant.
Back in November of 2021, the automaker hosted the grand opening of its new GM Factory Zero production facility in Michigan, GM’s first dedicated all-electric vehicle assembly plant. The first product rolling of the line is the 2022 GMC Hummer EV Pickup. GM CEO Mary Barra rang the NYSE opening bell from the factory floor the morning of the plant’s opening, and President Biden visited for a tour, driving the new Hummer. GM stock value rose to $65 per share following the opening. GM later revealed that reservations for the GMC Hummer EV rose considerably in November following the media event.
During the previous GM Investor Day event, GM announced several future plans regarding its business, strategy and products. It expects to double its revenue by 2030 through new software platforms and connectivity, as well as the integration of OnStar Insurance with the vehicle purchase process. More recently, GM announced it would add 50 new in-vehicle digital services by 2026, creating a wealth of new potential revenue streams.
To help ramp up EV production, GM has announced a new joint venture with POSCO Chemical to process materials for the automaker’s Ultium batteries. Construction of the Ultium Cells battery plant in Tennessee is currently on schedule. GM is also exploring the possibility of manufacturing EVs in Egypt, while increasing its investment into the GM Lake Orion Plant from $160 million to a whopping $1.3 billion for expanded EV production.
Back in 2020, GM CEO Mary Barra shared the company’s plan to launch a total of 30 new electric vehicles globally by 2025, with a total investment of $7 billion. To put that in perspective, 40 percent of GM’s offerings will be fully electric by the end of 2025, compared to just three percent in 2021. GM CEO Mary Barra has also stated that General Motors could catch up to Tesla in EV sales by 2025, while announcing plans to build 40,000 new charging stations throughout North America. GM has also made a commitment to phase out fossil fuel vehicles by 2040.
GM has also announced an increase in EV and AV investment, with a total of $35 billion earmarked between now and 2025. More recently, GM laid out its plans to roll out new software such as the Future Roads data platform, enhanced subscription services, and the expansion of the OnStar Insurance service to all 50 states by 2022. GM’s Cruise autonomous vehicle brand is expected to rake in $50 billion over the coming years. SoftBank recently announced a further $1.35 billion investment in GM’s Cruise AV arm.
Further investments include $154 million for the GM Western New York Lockport Components plant to support EV motor component production, while half of all GM North American and Chinese production facilities will be capable of producing electric vehicles by 2030.
Although investors are eager to see GM pivot to EVs, some groups are frustrated by the automaker’s progress. Recently, investment banking company Morgan Stanley dropped its price target from $75 to $55, sending GM stock tumbling in February.
General Motors has reported its fourth-quarter sales figures, headlined by a 43-percent sales decrease in the U.S., down to 440,745 units. Sales at all four GM U.S. brands decreased, with GM saying that it focused on delivering as many high-demand, capacity-constrained products as possible in the face of record-low inventory resulting from the microchip shortage.
GM stock value was up to a record $65.98 per share following the release of GM’s Q4 2021 sales report, rising on the news of better-than-expected sales numbers and optimism regarding improvements in the global microchip shortage. Notably, General Motors is no longer the number-one automaker in the U.S. in terms of sales, ceding the position to Toyota after a 90-year streak.
GM also sold nearly 400,000 units of the MINI EV hatchback in China last year, making it the best-selling electric vehicle in the market.
| YTD 2021 / YTD 2020 | YTD 2021 | YTD 2020 | |
|---|---|---|---|
| Global Deliveries | -18% | 6,289 | 7,715 |
| North America | -24% | 2,573 | 3,367 |
| - U.S.A | -23% | 2,218 | 2,888 |
| Asia/Pacific, Middle East and Africa | -10% | 3,322 | 3,679 |
| - China | -7% | 2,892 | 3,094 |
| South America | -41% | 394 | 669 |
| - Brazil | -49% | 242 | 476 |
The release of the GM Q4 2021 earnings report was highlighted by $1.7 billion in income on $33.5 billion in revenue. Compared to Q4 of 2020, the figures represent a 38.8 percent decrease in income and 10.5 percent decline in revenue. Factors influencing the figures included strong demand for full-size SUVs and pickups, and strong performance from GM’s captive finance arm, GM Financial. GM forecasts $9.4 billion to $10.8 billion in net income and EBIT-adjusted between $13 billion and $15 billion.
GM’s Q3 2021 earnings were headlined by $2.4 billion in income on $26.8 billion in revenue, a 40-percent decline in income and 25-percent decline in revenue. Investors reacted with disappointment to the automaker’s 2021 profit forecast in the wake of the ongoing global microchip shortage and increasing commodity prices. Some good news on the manufacturing front, though, as GM has raised its profit outlook on the back of an improvement to the microchip shortage. GM is now running overtime at some U.S. plants as microchip supplies continue to show some improvement.
Previously, GM’s Q2 2021 earnings results were headlined by $2.8 billion in income on $34.2 billion in revenue. The figures represent a 450-percent jump in income and 103-percent increase in revenue.
Earlier last year, GM reported its Q1 2021 earnings, including $3 billion on $32.5 billion in revenue, a 900-percent jump in income and 0.6 percent decrease in revenue compared to Q1 of 2020. GM stated that the earnings were driven by strong price and mix performance in North America, as well as strong credit and residual value performance at GM Financial, and industry recovery in China.
| Q4 2021 | Q4 2020 | Q4 2021 - Q4 2020 | % CHANGE Q4 2021 / Q4 2020 | |
|---|---|---|---|---|
| GM FINANCIAL EBT-ADJUSTED | $1,180 | $1,039 | $+141.0 | +13.6% |
| GAAP METRICS | ||||
| REVENUE | $33,584 | $37,518 | $-3,934.0 | -10.5% |
| NET INCOME | $1,741 | $2,846 | $-1,105.0 | -38.8% |
| EARNINGS PER SHARE (EPS) DILUTED | $1.16 | $1.93 | $-0.77 | -39.9% |
| NON GAAP METRICS | ||||
| EBIT-ADJUSTED | $2,839 | $3,712 | $-873.0 | -23.5% |
| EBIT-ADJUSTED MARGIN | 8.5% | 9.9% | -1.4% | 11.3% |
| AUTOMOTIVE OPERATING CASH FLOW | $9,384 | $5,243 | $4,141 | +79% |
| ADJUSTED AUTOMOTIVE FREE CASH FLOW | $6,403 | $3,433 | $2,970 | +86.5% |
| EPS DILUTED - ADJUSTED1 | $1.35 | $1.93 | $-0.6 | -30.1% |
| DIVISIONAL RESULTS | ||||
| GM NORTH AMERICA EBIT-ADJUSTED | $2,165 | $2,612 | $-447.0 | -17.1% |
| - GM NORTH AMERICA EBIT-ADJUSTED MARGIN | 8.1% | 8.7% | -0.6% | N/A |
| GM INTERNATIONAL EBIT-ADJUSTED | $275 | $283 | $-8.0 | -2.8% |
| - CHINA EQUITY INCOME | $244 | $248 | $-4.0 | -1.6% |
GM stock value was on the rise early in January with the introduction of several new GM EVs in conjunction with the 2022 Consumer Electronics Show, highlighted by the 2024 Chevy Silverado EV. GM stock value rose to a record high of $67.21 per share following a keynote speech delivered by GM CEO Mary Barra. Following the event, Barra indicated that reservations for the Silverado EV RST First Edition were filled in just 12 minutes. Further announcements at CES 2022 included the Chevy Equinox EV and Cadillac InnerSpace AV concept.
More recently, General Motors unveiled the new 2023 Cadillac Escalade-V, a high-performance version of the iconic luxury SUV with a supercharged V8 engine, while previously, General Motors unveiled several new concepts at the 2021 SEMA Show in Las Vegas, including the Chevy Beast off-roading concept, the all-electric Chevy Project X, and the Silverado High Country Midnight concept.
Late in 2021, GM debuted the fully refreshed 2022 GMC Sierra 1500, which includes two new trim levels, new styling, the latest technology features, and more. GM also recently unveiled the new Chevrolet Performance ZZ632 crate engine, as well as the new 2023 Chevy Corvette Z06 sports car.
GM is now offering the BrightDrop EV600 all-electric light commercial vehicle. The new van is the fastest-developed vehicle in GM history. The EV600 will be joined by the smaller BrightDrop EV410. Merchant Fleet recently placed an order for 5,400 units of the new EV410.
On the software front, GM debuted its new Ultifi end-to-end software platform, designed to provide the latest upgrades and features to future GM vehicles via over-the-air updates.
Even more critical is the debut of the refreshed 2022 Chevy Silverado 1500, which introduces a raft of changes and updates over the preceding 2021 model year and pre-refresh 2022 Chevy Silverado 1500 Limited, such as an all-new interior, updated technology, and the new Silverado ZR2 off-roader.
Cadillac dealerships are now preparing for the arrival of the Lyriq and future all-electric Cadillac models with a slew of upgrades. The new Lyriq is expected to enter production at the end of March.
What’s more, GM announced the new Ultra Cruise autonomous driving system, which promises true “door-to-door hands-free driving” capabilities in 95 percent of all driving scenarios, with plans to eventually make the system available on every paved road in the U.S. and Canada.
One of the big factors affecting GM stock value is the ongoing conflict in Ukraine, with GM indicating that it was suspending is business in Russia. GM will also donated $250,000 towards refugee relocation efforts.
The ongoing global microchip shortage is also affecting GM stock value by impacting production, vehicle supply, and pricing. A previous analysis predicts that the shortage may end up costing the global auto industry upwards of $210 billion in lost revenue, almost twice what was originally forecast. General Motors president Mark Reuss has indicated that he expects the microchip supply to stabilize at a lower level than desired for full recovery. General Motors is also currently gearing up to make significant changes to its supply chain in the hopes of avoiding future shortages. That includes the development of new microcontrollers.
In the meantime, GM has announced that it has shipped pickup truck models stockpiled per the automaker’s “build-shy” strategy. SAIC-GM-Wuling has announced that it is developing its own microchips, which could help to soften the blow of future chip shortages. GM CFO Paul Jacobson also indicated that the chip supply is expected to even out sometime next year as suppliers catch up to demand. Experts are now predicting that the semiconductor crisis could last in 2023.
It was previously reported that GM is stockpiling unfinished vehicles waiting for new chips to arrive in a “build-shy” strategy intended to keep production rolling. Additionally, GM is building select units of the 2021 Chevy Silverado 1500 and 2021 GMC Sierra 1500 without certain fuel-saving technologies as a result of the shortage, including automatic engine stop-start. More recently, however, GM announced that production of the 3.0L I6 LM2 turbodiesel Duramax engine for GM’s full-size SUV lineup had resumed.
In January, the Biden Administration pushed Congress to pass a $52 billion microchip production bill aimed at alleviating the ongoing shortage. GM has also announced that it will retrofit models affected by the deletion of certain comfort features as a result of the chip shortage, including heated seats and heated steering wheels, only to retrofit those features at a later date.
Looking ahead, strong demand for new cars is expected to continue in 2022, while new vehicle incentives are down to a five-year low amid low inventory.
General Motors CEO Mary Barra has indicated that there are no plans to return GM inventory to pre-pandemic levels, making GM leaner and more efficient.
Unrelated to the chip shortage, production at GM’s Delta Township plant is now down as a result of the Ambassador Bridge blockade, with additional production cut at the GM CAMI plant, Flint Assembly, and Spring Hill.
The General previously announced that LG Electronics Inc. has agreed to over $1.9 billion of the $2 billion in costs associated with the replacement of the recalled Chevy Bolt EV and Chevy Bolt EUV battery packs. General Motors has also announced a new battery software update for the recalled Chevy Bolt EV and EUV. However, a lawsuit against the automaker was recently filed regarding the recall. GM has announced that production downtime for the Chevy Bolt EV and EUV will be extended through February.
GM previously announced that it will replace the battery modules on roughly 50,000 units of the 2017 though 2019 Chevy Bolt EV affected by a potential fire risk. The automaker later decided to extend the battery replacement on all model years of the Bolt EV, in addition to the all-new Bolt EUV. Despite the fault laying with battery producer LG Energy Solution, GM CEO Mary Barra announced that GM will continue its relationship with LG going forward.
The National Highway Traffic Administration (NHTSA) recently closed its investigation into the recent Chevy Bolt and Bolt EUV fires.
Several other GM recalls have also been announced in recent months, the most significant of which involves roof rail airbags that could rupture in more than 400,000 units of the Chevy Silverado and GMC Sierra, followed by a block heater cable short circuit issue in some 330,000 units of the Silverado HD and Sierra HD.
In political news, General Motors voiced support for the EPA’s proposed emissions rule changes. GM also indicated that it is on track to hit carbon neutrality for its U.S. operations by 2025, five years earlier than originally announced. The Biden administration has proposed a new EV incentive offering point-of-sale rebates on new electric vehicles, while also outlining a plan to build-out the nationwide EV charging infrastructure, recently detailing a $5 billion EV charging network plan. California can once again set its own emissions guidelines, while the Biden administration is urging automakers to ensure that their vehicle lineups consist of at least 40 percent EVs by 2030. Biden also recently signed an executive order calling for an end to the purchase of fossil fuel fleet vehicles by 2035, while the finalization of stricter emissions requirements is expected to speed up electric vehicle adoption.
The greater auto industry, including the UAW workers union and major manufacturers like General Motors, have called on President Biden to roll out tax credits and incentives to drive EV sales. The latest is that the Biden Administration plans to roll out a $100 billion plan for new EV rebates.
GM stock value recently fell following the announcement that Dan Ammann was stepping down as CEO of the GM-backed autonomous vehicle startup Cruise. Ammann’s departure was the second high-profile executive shakeup in a week, following the departure of GM innovation head Pam Fletcher.
GM stock value increased considerably over the course of 2021, only to later rescind some of those gains and fall below the $50-per-share mark. GM stock value was back on the rise later in the year, hovering around the $55- to $60-per-share mark in December before breaking into record highs in January, peaking at $67.21 following CES 2022. In February, GM stock value fell back around the $50-per-share mark, dipping below the mark later in the month to open at $46 per share in March.
| Month | Opening Value |
|---|---|
| January 3rd | $59.87 |
| February 1st | $52.85 |
| March 1st | $46.02 |
We’ll continue to stay on top of all the latest developments related to GM stock, so be sure to subscribe to GM Authority for ongoing GM stock news and complete GM news coverage.
Moving opposite to market trends.
With four model years recommended for purchase.
This example is a former NCRS award winner.
Many automakers oppose right-to-repair laws citing cybersecurity concerns.
Breaking out the spec sheets for a comparison.
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Yes, I finally got my new 2022 Camaro. My question is all the stuff to make batteries is from either China or Russia, but I guess Gm runs like Biden one step behind. At least I'm not in Calif. getting gas at $7.00+...
Exactly as I predicted last year. One again I’m right as usual.
Forget about GM stock. I'll make you a millionaire if you give me 10 million.
Get a job beggar.
Jitters in the stock markets due to Putin's war, inflation, and gasoline and diesel price increases. Also the sense that electric kWh prices will be increasing due to closure and demolition of coal fired power plants and switch to windfarms and solar fields. Solar fields in the Southwest, but none in the rustbelt and Northeast. Windfarms are costly and high maintenance. Also the grain belt is not switching to solar fields. More $$$ in corn and soybeans.
We are at a juncture at this point in confusion due to the war in Europe and China's ambitions. The perfect storm is unfortunately brewing. The winds are starting. We are just now getting over Covid which has been deemed the greatest criminal activity in the world to date.
Mary and her team have big challenges ahead in steering the ship with an all in electric vehicle objective, and Brandon and his team at the national controls. I wish them all good luck and success for the sake of our country. Sleepless nights and anxiety at all these events to keep GM in the green, and America in the forefront. We have sadly lost a lot of ground.
George Romney had many sleepless nights with American Motors and launch of the Rambler. And that was nothing compared to this. Thank God Lee Ioccoca saved Chrysler and American Motors. Lee was buying AM for their Jeep division. Jeep has been a winner for all the various owners of Chrysler to date. And Cummins saved Dodge Truck, aka RAM. This was also a win-win for Cummins making them the king of the Hill in on highway diesel engines across the board. Another story for another time.
And then we have all the Asian automakers in play with their dominant combined position. Wonder how Lee Ioccocca RIP, or John DeLorean RIP, or Bunkie Knudsen RIP, would play this game ahead? Fasten your seat belt folks and prepare for a fast roller coaster ride.
God help us.
Davie Alan: FYI, I know there are a couple of solar farms planned for Indiana. One of the largest solar farms in the U.S. will sit on 13,000 acres and produce enough power for 75,000 households. This particular project will be done in 2023. This project is in 2 northern Indiana counties: Starke and Pulaski. I believe another solar farm is planned for southern Indiana, near Evansville.
doubletime:
Thanks. I didn't consider Indiana, the Mainstreet of the USA, to be a sunbelt area during the winter. I know summers in Indiana are sunny. ???
Utah and Nevada are building solar fields like crazy. Land underneath is not suitable for any crop production.
David Alan: FYI, I believe that earlier this year I read an article about the one of the Indiana solar farms that was designed to have crops under the panels.
However, just 'googling' the topic I came up with this response:
Universities in the United States, Germany and elsewhere are testing the concept of “dual use farming,” as some advocates call it, where crops grow below canopies of solar panels. They are finding they grow just fine — and, in some cases, better than crops in full sun. All Kinds of Benefits
doubletime:
Thanks. If so, this is a terrific development of growing crops under solar fields. I know that years ago in the greenhouse or hothouse industry which is long gone due to air freight and the interstate system, greenhouse operators would coat the roof glass panels with a chalky white wash to cut down on the harshness of the sun's radiation.
If crop production is improved with solar fields atop farm fields this will be a milestone in ag and energy development. Why not greenhouses with solar panels on the top for year round crop production?
Keep those updates coming. Thanks again.
Ah J Lo, another long winded article, same pictures, same content as your other two articles! I guess you can't be accused of plagiarizing yourself? Your the only writer I know that can take what only deserves a paragraph and turn it into a book! Any way getting back to the story, we all see where GM is headed. Maybe if GM and all the other auto manufacturers stayed in the US and brought back that "Made in America" vibe, by staying out of these volatile foreign markets, their stocks would rise and our economy might get a little better?
No dividends with this garbage stock.