The Automotive Monthly Metals Index (MMI) picked up one point this month, rising for an MMI value of 93. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales As noted in previous reports, General Motors last year announced a switch from monthly sales reports to quarterly reports. Fellow Big […]
Tag: General Motors
GM Announces a Total of $56 Million in Investments at Two Michigan Plants
Automaker General Motors announced plans to invest $36 million and $20 million in its Lansing and Romulus plants, respectively, in Michigan. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Lansing plant produces the Chevrolet Traverse and Buick Enclave crossovers. “We are proud of the hard work and commitment of […]
Crowdsourcing Campaign Yields Name for GM’s New eBikes
General Motors’ new eBike brand has a name. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook On the heels of a crowdsourcing campaign launched in November, GM announced late last week that its new electronic bike brand will be dubbed ARĪV. The bikes were available for preorder starting Feb. 14. According […]
Tesla Slashes Workforce by 7% in Push to Make More Affordable Electric Vehicle
Competition in the nascent electric vehicle (EV) market continues to grow, but a limiting factor in sales is perhaps the most obvious: cost. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook MetalMiner’s Stuart Burns recently wrote about Chinese automaker Great Wall’s Ora R1, which could sell for under $9,000 (aided […]
Automotive MMI Falls to 17-Month Low as Producers Pray for China Rebound
The Automotive Monthly Metals Index (MMI) fell 3.2% to a value of 92 this month, its lowest level in 17 months. After riding high during mid-2017, above the baseline of 100, the Automotive MMI sub-index — tracking a basket of industrial metals and materials crucial to the automotive sector — has been in a continued overall […]
Automotive MMI: Politicians Pan GM Plant Closures, Workforce Reduction
The Automotive Monthly Metals Index (MMI) picked up one point for a December MMI reading of 95. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Sales General Motors reports sales numbers on a quarterly basis, rather than a monthly basis. The automaker reported sales fell 11% year over year in […]
Is General Motors Ahead of the Curve?
Judging from the howls of protest on Capitol Hill, politicians do not agree with analysts’ estimates that General Motors’ decision to shed 15% of its workforce and close seven facilities worldwide is the act of a smart first mover in an industry facing seismic changes. GM’s plans, reported in the Financial Times, are intended to […]
General Motors Reports 3Q Income of $3.5B
Automaker General Motors shared news of a strong third quarter Wednesday when the company released its third-quarter financial results. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Our third-quarter performance demonstrates our determination to manage risks and deliver strong business results while continuing to advance the future of mobility,” Chairman […]
This Morning in Metals: Chinese Steel Prices Running Opposite the Stock Market
This morning in metals news, Chinese steel prices are not running in the same direction as the Chinese stock market, copper hit a two-week high and automaker shares were up on yesterday’s NAFTA news. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Steel Surging The Chinese stock market has been […]
This Morning in Metals: U.S. Steel Imports Fall to 2.2M MT in June
This morning in metals news, U.S. steel imports dropped in June, General Motors reported its Q2 financial figures and renegotiation talks on the North American Free Trade Agreement (NAFTA) are set to pick up momentum. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Steel Imports Hit 2.2M MT in June According […]
