How can you buy General Motors shares?
General Motors is a large, American car manufacturer that sells its cars in more than 35 different countries. Because the company operates in different regions, the company can protect itself from regional economic declines. This can make it interesting to invest in General Motors. In this article, we will discuss how to buy General Motors shares. You can also find the latest stock price here.
General Motors is building a strategic presence in the Chinese and Indian markets. These regions are remarkably interesting: both countries’ prosperity is increasing, which means that more and more people can buy a nice car. If the company manages to build a strong position there, then the revenues can increase sharply in the future. It may then be attractive to invest in General Motors shares.
A good broker where you can buy General Motors shares for the long term is eToro. At eToro you do not pay set commissions. When you buy a stock, you only pay the spread, which is the difference between the bid and the offer price. Do you want to buy General Motors shares yourself? Then use the button below and get started immediately:Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.
How to actively invest in General Motors?
The car industry does not always do well: especially in economically though times, car companies struggle. Above all, competition is increasing. A company like General Motors will always have to stay one step ahead of the competition. This is not always easy and in 2005 the company got into a lot of trouble. As an active speculator, in these bad times, you can still benefit from an investment in General Motors.
You do this by using CFDs. With a CFD you can open a short position on the Share of General Motors. With a short position you achieve a positive result when the share price falls. So, you do not have to stop investing when the company is not doing so well. A good broker where you can trade in General Motors CFDs is Plus500. Use the button below to open a free demo with this broker:72% of retail CFD accounts lose money.
What is General Motors’ stock price?
General Motors’ stock price may vary from day to day. As an investor, it is therefore interesting to keep an eye on General Motors’ CFD share price. Use the button below to open a position immediately.
About the company General Motors
General Motors Company (GM) is one of the largest automotive companies in the world. In 2016, GM was ranked third place in terms of car sales. The first two places were for Volkswagen and Toyota. GM’s cars are sold in more than 200 countries. Globally, GM has a market share of 8.5%. The company was founded in 1908; its headquarters are in Detroit, Michigan.
The early years of General Motors
The founder of General Motors Company is William Durant. In 1908, he founded the company in Flint, Michigan. The company quickly took over Olds Motor Works (Oldsmobile) and Cadillac. William Durant had to hand over part of his company to his creditors. That is why he decided to start the Chevrolet Motor Company together with Louis Chevrolet.
The profits of the successful Chevrolet made it possible to buy back shares of GM. They decided that Chevrolet would become part of General Motors.
Expansion of the company
The successful General Motors grew: In 1920, it opened its first office in Asia. Three years later, a factory was opened in Copenhagen. This was GM’s first plant outside the United States. Not much later, factories and offices were built worldwide. For example, General Motors opened offices in Argentina, Brazil, and Japan. Brands were also acquired: For example, the Opel and Pontiac brands were acquired in the year 1929.
Interest in aviation and railways
GM’s interest was not limited to cars: GM was also interested in automotive construction. For example, the company was one of the shareholders of Fokker in the Netherlands. The technology used in building aircraft was also used in the construction of cars.
A second interest of GM is the industry of diesel locomotives. General Motors decided to buy the Winton Engine Company, a manufacturer of diesel engines. The Electro-Motive Company, a manufacturer of railway equipment, was also bought by General Motors. These two companies were merged. This is how the Electro-Motive Division was formed. This company later became a large manufacturer of diesel trains.
General Motors in World War II.
From 1942 onwards, GM stopped making cars. Only war equipment such as aircraft, cannons, and tanks were produced. In Europe, the car factories were severely damaged by bombing. Factories that were still standing were usually looted. It was not until 1950 that General Motors could produce cars again.
Growing interest in smaller cars
In the 1970s there was a growing interest in smaller and cheaper cars from Japan. General Motors responded to this by introducing the diesel engine. The diesel engine made it possible to offer more fuel efficient and cheaper cars. In addition, partnerships were entered into with Toyota, Suzuki, Saab, Lotus, Ford and Chrysler.
Trouble starting in 2005
General Motors ran into trouble in 2005 due to over-indebtedness. That year, they decided to cut back by laying off 30,000 workers in America and by closing 12 factories. The company also decided to divest its European division. With the profit after the sale of parts of the company and with the help of state aid, a new, smaller GM was established.
Today, General Motors is back on its feet. The company is doing better, which has allowed them to fully repay the $38 billion in government aid.