Dallas, Texas 07/25/2013 (Financialstrend) – General Motors Company (NYSE:GM) builds designs and sells trucks, automobiles and cars parts. The demands of the customers are met by the company’s automotive operations and through its four major automotive segments namely GM South America, GM Europe, GM North America and GM International Operations. The total sales of the vehicles are about 9.3 million in the Worldwide attained by the company directly or indirectly through various regional subsidiaries such as Shanghai General Motors Co and GM Korea Company.
The company is expected to book second-quarter earnings of 81 cents per share on revenue of $38.37 billion, which is compared with earnings of 90 cents a share on revenue of $37.60 billion in the previous year quarter. Mr. Alan Batey was promoted as the head of U.S. sales, service and marketing in this company. This company had 25 facilities in U.S. and the company was participated to lower the energy costs per unit of production in the Department of Energy program. Collaboration among companies was also encouraged by this program. The company also postponed the manufacturing of the Tavera which is the biggest selling models in India, until it decides on certain issues related to the regulatory approvals. The company bought the historic factory which is called Durant-Dort Carriage Co. to use for multiple purposes which includes exhibiting GM vehicles.
General Motors Company (NYSE:GM) had gained 1.45% on Wednesday to close at $37.14 per share, after opening the day at a price of $37.10 per share. The stock had through the day moved with prices fluctuating between $36.87 and $37.45 per share. The company presently has 52 week low at $18.72 and 52 week high at $37.45. The institutional holding is at 41% and there are 1.65 million shares outstanding in the market with a market cap of the stock presently at $61.30 billion.