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General Motors Company (GM) Lays out Bolt Delivery Plans, Where Is Tesla Motors Inc (TSLA)?
– Tesla Motors Inc (NASDAQ:TSLA) is yet to show off the final production version of Model 3 sedan, with which it plans to target the mass markets.It has set a half tag price for Model S and gained nearly 400,000 pre-orders.However, General Motors Company (NYSE:GM) Chevy Bolt matches Model 3 roughly in price, and mileage is already taking to the American roads. .
Are Options Traders Betting on a Big Move in General Motors (GM) Stock?
– Investors in General Motors Company GM need to pay close attention to the stock based on moves in the options market lately.That is because the January 20th, 2017 $24 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility? .
General Motors (GM) Pays $1M to Settle SEC Accounting Control Failure Charges
– The Securities and Exchange Commission today announced that General Motors (NYSE: GM) has agreed to pay a $1 million penalty to settle charges that deficient internal accounting controls prevented the company from properly assessing the potential impact on its financial statements of a defective ignition switch found in some vehicles.According to the SEC’s order, when loss contingencies such as a potential vehicle recall arise, accounting guidance requires companies like General Motors to assess the likelihood of whether the potential recall will occur, and provide an estimate of the associated loss or range of loss or otherwise provide a statement that such an estimate cannot be made.The SEC’s order finds that the company’s internal investigation involving the defective ignition switch wasn’t brought to the attention of its accountants until November 2013 even though other General Motors personnel understood in the spring of 2012 that there was a safety issue at hand. .