GM Moves to New Headquarters, Reducing Office Space to 200,000 Square Feet
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
- New Headquarters Launch: GM's new headquarters in Detroit occupies four of six office floors, totaling approximately 200,000 square feet, aimed at enhancing employee collaboration and adapting to post-pandemic work styles.
- Cultural Integration: The new office is adorned with artifacts and design elements tied to GM's history, showcasing the company's culture and innovation, which is intended to strengthen employee belonging and corporate identity.
- Flexible Work Model: GM requires about 50,000 U.S. salaried employees to work in-office from Tuesday to Thursday, with the new flexible policy reflecting the company's adaptation to modern work environments, thereby improving employee satisfaction.
- Diverse Amenities: The new headquarters also features social gathering areas, food services, and a pickleball court, aimed at enhancing employee work experience and fostering team cohesion.
Analyst Views on GM
Wall Street analysts forecast GM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GM is 74.71 USD with a low forecast of 46.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
14 Buy
2 Hold
1 Sell
Strong Buy
Current: 85.130
Low
46.00
Averages
74.71
High
100.00
Current: 85.130
Low
46.00
Averages
74.71
High
100.00
About GM
General Motors Company designs, builds and sells trucks, crossovers, cars and automobile parts and provides software-enabled services and subscriptions worldwide. The Company's segments include GMNA, GMI, Cruise and GM Financial. Its GM North America (GMNA) and GM International (GMI) develop, manufacture and/or markets vehicles under the Buick, Cadillac, Chevrolet and GMC brands. The Company provides automotive financing services through its General Motors Financial Company, Inc. (GM Financial) segment. Its Cruise segment is engaged in the development and commercialization of autonomous vehicle technology. Its software-enabled services and subscriptions, including OnStar, its advanced driver-assistance systems (ADAS), including Super Cruise driver assistance technology, and its end-to-end software platform. The Company is also focused on investing in electric vehicles (EVs) and AVs, software-enabled services and subscriptions and new business opportunities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
