The U.S. automaker’s chief technology officer declared on Thursday that General Motors Company (NYSE:GM) will soon way out one of its venture capital unit’s investments, moreover through an IPO or the purchase of that firm by another.
GM kicked off its venture capital unit over two years before with a $200M budget to invest in start-up firms with promising auto-related technologies.
While GM Ventures no longer offers details on how many firms it has invested in or how much it has spent, Chief Technology Officer Jon Lauckner declared that the automaker could exit its stake in one of its investments when it is purchased or files for an IPO.
General Motors Company (NYSE:GM) stock hit highest price at $24.99, beginning with a price of $24.93 and reported decreased -2.62% to the closed at $24.17 with day range of $24.10 -$24.99. The total market capitalization remained $37.85 billion, total volume held in the session was 9.58 million shares surprisingly higher than its average volume of 9.50 million shares.
To check the Stocks ups and downs, GM last week stock price volatility remained 2.74% and month was at 2.85%. GM generated revenue of 150.94 billion in the following twelve months income of $4.44 billion. The Company showed a positive 2.93% in the net profit margin and in addition to in its operating margin which remained 3.26%.
The GM past twelve months price to sales ratio was 0.25 and price to cash ratio remained 1.12. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained Ford Motor Company (NYSE:F)’s P/S 0.30% P/C 2.95%, Kandi Technolgies Corp. (NASDAQ:KNDI)’s P/S 2.55% P/C 30.15%, Sorl Auto Parts, Inc. (NASDAQ:SORL)’s P/S 0.21% P/C 1.98%, Toyota Motor Corporation (ADR) (NYSE:TM)’s P/S 0.49% P/C 3.42%.