Weekly Stock Spotlight
Featured Stock: General Motors (GM)
- Ticker Symbol: GM
- Founded: Sept 16, 1908
- Market Cap: $50.6bn
- 2016 Rev.: $166.3bn
- Founders: William C. Durant, Charles Stewart Mott & Frederic L. Smith
- Chairman & CEO: Mary Barra
- HQ: Detroit, Michigan
Word on the Street: Billionaires are buying GM. Last quarter, they bought 47M shares!
- David Einhorn has a $2B stake in GM
- Warren Buffett has a $2B stake in GM
- David Tepper has an $183M stake in GM
GM at a glance:
With over 220,000 employees on six different continents, General Motors (GM) is a giant of a company. GM is one of the world’s largest auto makers which produces well known brands like Buick, Cadillac, Chevrolet and GMC, manufacturing cars and trucks in 35 different countries.
In 2016, General Motors hit a record milestone, selling over 10 million vehicles! As well as making cars, GM also designs, markets, and distributes vehicles and vehicle parts, and sells financial services. It’s an impressive company that has been in business for over 100 years and is one that continues to grow and dominate the auto industry, despite a high-profile bankruptcy in 2009.
David Einhorn and Warren Buffett are two huge investors in GM, who both play a heavy role in trying to boost the company’s value.