Argus published a research note on Tuesday, reaffirming its bullish view on General Motors Company (NYSE:GM), as it reiterated a Buy rating with $45 price target, following stronger-than-expected quarterly results, last week.
In the filing, the corporation disclosed that the FTC notified GM about the investigation on June 3, 2015. The investigation by FTC concerned “certified pre-owned vehicle advertising where dealers had certified vehicles allegedly needing recall repairs.
... EPS of $0.97 on revenue of $37.61 billion. The revenue miss was partially blamed on a Venezuelan currency devaluation. The company also blamed an economic downturn in Russia, where GM announced in March it would stop nearly all manufacturing.
Shares of General Motors Company (NYSE: GM) surged last Thursday when the company produced a Q2 earnings beat. However, CFO Chuck Stevens reaffirmed the company's commitment to investing $14 billion in new vehicles and facilities in China over ...
General Motors Co. on Thursday reported stronger than expected second-quarter earnings of $1.1 billion, with profit boosts coming from North America and China, a region that had been under doubt given slowing sales growth and stock market woes.