123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

The Lexington Group Predicts Bullish Q3 And Q4 For General Motors

By Author: Lexington Group
Total Articles: 20

July 16, 2013 - CHIYODA-KU, Japan -- General Motors is a multi-national auto manufacturer; it is one of the world´s largest automakers, doing business in 157 countries. Since the beginning of quarter one this year, General Motors has increased its worldwide market share from 11.2% to 11.4% and seen an impressive gain from 17.2% to 17.7% in the United States. Last month sales increased in China by 10%. However, 62 percent of its revenue is still generated in North America.

General Motors has lost a bit of ground in its home market, North America. Net profits have dropped 14% to $1.41 billion. The decrease is related to a decrease in production of two of its highest profit margin trucks and renovations of a number of their manufacturing plants.

The company has managed to reduce losses in Europe from $256 million to $175 million in the first quarter and is now hoping to reach the break-even point by 2015. Their top competitor, Ford Motors, posted a far greater loss of $462 million from European operations.

Lead Auto Industry Analyst Matthew Stevens, at The Lexington Group said, "I´m expecting General Motors to improve in the second half of 2013. They are planning to release 13 new vehicles from Chevrolet in the United States and 12 new vehicles in other markets. General Motors also announced they are planning to open four new factories in China that would boost production by 30%. General Motors has positioned itself to take advantage of higher demand from emerging markets. They have improved sales in Europe, and increased demand for trucks in the US should propel General Motors to the top of the industry."

Total Views: 61Word Count: 275See All articles From Author

Business Articles

1. 11 Things Your Podiatrist Really Wishes You Wouldn’t Do
Author: Unknown Member

2. Top 10 Ways To Promote Your Artwork
Author: Alina jain

3. How To Design An Efficient Trade Show Booth
Author: Graham Stewart

4. Tax Accountant In Rockdale Are An Added Protection For Your Business
Author: Austin Loader

5. Leave No Trace
Author: Leave No Trace

6. Rock Climbing Tips Forbeginners
Author: Rock Climbing Tips ForBeginners

7. Genuine Exotic Leather Products
Author: Genuine Exotic Leather Products

8. Electric Motors Market Size, Share, Growth Analysis, Ana Forecast To 2022 – By Credence Research
Author: Chris Smith

9. Welcome To Jranter Store
Author: Welcome To Jranter Store

10. Head Up Display Market Size, Share, Growth Analysis, Ana Forecast To 2022 – By Credence Research
Author: Chris Smith

11. Binary Options Strategy – Explore Complete Details
Author: William Stinner

12. Global Point Of Sale Terminals Market Share, Demand And Growth Analysis, Forecast 2017 To 2022 – By
Author: Chris Smith

13. Motorcycle Rallies – Interesting Facts About These Bike Shows
Author: Jeffrey Ween

14. Video Conferencing Market Share, Demand And Growth Analysis, Forecast 2017 To 2022 – By Credence Res
Author: Chris Smith

15. Erp-enterprise Resource Planning.understanding Erp System
Author: Eresource Infotech

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: