"Earlier this summer, it was reported that the company will invest $888 million at its Buffalo, N.Y.-based Tonawanda Propulsion plant to build its next-generation V8 engines. Despite GM's significant investments in EVs, the legacy automaker saids it will start the small-block V8 production in 2027. The company still faces tariff headwinds, with GM sourcing its parts from a global network of 3,100 primary suppliers and a significant presence in Mexico, Canada and Asia, has suffered according."
"GM's ascent to the pinnacle of U.S. manufacturing clout and excellence in post-WWII era America made Chevrolet and Buick household names, with Cadillac hailed as the Holy Grail of luxury cars. General Motors' supremacy has since been supplanted by rivals - both foreign and domestic - but the company continues to maintain a global presence in the automotive industry. The Detroit-headquartered carmaker has seen its stock produce a healthy 101.20% return over the past five years, not factoring for its dividend."
General Motors' shares gained 14.06% over the past month and have produced a 35.37% year-to-date increase, with a five-year return of 101.20% excluding dividends. The stock's dividend yields 0.86%, or $0.15 quarterly. The company plans an $888 million investment at the Tonawanda Propulsion plant to build next-generation small-block V8 engines, with production slated for 2027 despite parallel investments in electric vehicles. GM sources parts from about 3,100 primary suppliers and maintains significant operations in Mexico, Canada and Asia, exposing it to tariff headwinds. Mary Barra became CEO in 2014 and oversaw a major 2014 ignition-switch recall and settlement.
Read at 24/7 Wall St.
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