GM's Cruise acquires autonomous vehicle player Voyage

GM expands self-driving capacity

  • General Motors ' Cruise unit has acquired self-driving startup Voyage for an undisclosed amount.
  • Cruise's engineering and software capabilities is expected to be combined with Voyage's targeted markets of retirement communities and college campuses.
  • 'The self-driving industry is consolidating, and the leaders of a trillion-dollar market are fast emerging. After being intimately involved with the AV industry for the last five years, I can say with certainty that Cruise - with its advanced self-driving technology, unique auto-maker partnerships, and all-electric purpose-built vehicle with no human controls - is poised to be the clear leader,' writes Voyage's Oliver Cameron International .

    For this year General Motors 's revenue will be around 139.7 billion USD. This is according to the average of the analysts' estimates. This is hugely more than 2020's revenue of 122.49 billion USD.

    Historical revenues and results General Motors plus estimates 2020


    The analysts expect for 2021 a net profit of 7.63 billion USD. Most of the analysts anticipate on a profit per share of 5.18 USD. The price/earnings-ratio therefore equals 11.55.

    Analysts expect a dividend of 73 cents per share. The dividend yield is then 1.22 percent. The average dividend yield of the automobile producers equals a moderate 1.36 percent.

    Based on the current number of shares General Motors 's market capitalization equals 83.75 billion USD. The General Motors stock was the past 12 months quite volatile. Since last March the stock is even 235 percent higher. This year the stock price moved between 17 and 62 dollar.

    Historical stock prices General Motors

    historical stocks generalmotors

    Click here for dividend General Motors. At 21.10 the stock trades 0.93 percent higher at 59.82 USD. Nieuwsdienst: +31 084-0032-842

    Copyright B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.