STRATEGIES OF GENERAL MOTORS COMPANY (NYSE:GM) TO EXPAND IN NEW MARKETS
Denver, CO, 07/08/2013 (Avauncer.com) – Shares of General Motors Company (NYSE:GM) closed at $34.67 in the last trading session. The share price gained 1.55% from its previous close. The company’s total market capitalization stands at 47.66 billion.
GM will now be equipping its vehicles with similar features powered by Onstar from AT&T Inc.(NYSE:T). The company is also aiming at concluding an agreement regarding partnership with OnAsset Intelligence Inc., which will help airline companies and their customers to track their high value cargo via wireless applications while in transit. This will help GM increase its customer base, thereby contributing to its consolidated sales figure.
The company is ready to recognize the global quality and bring an amazing automotive customer experience in the other parts of the world. The data proved that the production of Chevrolet Spin,a van with three rows of seats, at its newly restarted plant at Jakarta has significantly pushed sales up. Indonesia’s overall market grew by 25% and is projected to grow another 10% by the end of this year.
The company has announced a release of five hundred models of a premier edition of the 2014 Corvette Stingray, given it is dissatisfied with the hype concerning the release of this model.
The largest competitor of the company is the new Ford and Ram entries, the former built for speed, the latterfor high mileage and heavy loads, hitting the US market as GM recently redesigned the 2014 Chevrolet Silverado. Both trucks feature turbocharged V6 engines, but take different routes to reach different segments of the full-size pickup audience.
GM along with its partners produces vehicles in 30 countries. The company has built up a strong market position in the world’s largest and fastest growing automotive markets. The company is expecting to make a huge investment of approximately $11 billion in China in the year around 2016. Since 2010, GM has targeted China for selling its vehicles, now considered a successful leading automaker in China.
