Big Plans In Place From General Motors Company (NYSE:GM) & Ford Motor Company (NYSE:F)

Posted by Lacee Page December 18, 2013 0 Comment 1539 views

General Motors Company (NYSE:GM)’s stock has performed far better with 44% year to date gains as compared to 29% gains reported by the arch rival Ford Motor Company (NYSE:F) in the same period. If we talk of analyst opinion, 6 analysts maintain “strong buy” and 9 analysts maintain “buy” rating for the stock of General Motors Company (NYSE:GM), of the total 18 analysts following the stock. Of the 18 analysts following Ford Motor Company (NYSE:F)’s stock, 4 maintain “strong buy” and 6 maintain “buy” rating for the stock.

$1.3 billion Investment Announcement

On Tuesday, General Motors Company (NYSE:GM) announced its plan to investment approximately $1.3 billion in 5 manufacturing plants located across 3 states of the U.S. The investment is intended to upgrade assembly plants as well as for the production of transmissions and new fuel-efficient engines.

To upgrade the assemble plants, General Motors Company (NYSE:GM) plans to open a new paint shop in its Flint plant and a logistics optimization center in the Detroit-Hamtramck Assembly plant. The company will be producing new V6 engine using this investment as well as new 6-speed and 10-speed transmission.

In the U.S. operations, General Motors Company (NYSE:GM) has invested about $10.1 billion since 2009 including $2.8 billion investment in 2013 itself. With this investment, the automaker has created more than 26,500 jobs and now with an additional investment it is expected to retain or create 1,000 jobs.

Ford’s Encouraging Announcements

Ford Motor Company (NYSE:F) also announced its plan to open a new manufacturing facility in South America and two such facilities in the Asia Pacific. The company also announced that it intends to hire 11,000 workers in the U.S. and Asia. These would support the automakers plan to launch more than 20 new models during 2014, including the new 2014 Ford Fiesta. Ford Motor Company (NYSE:F) in a separate event also displayed its much awaited obstacle-avoidance technology in a test car.

About Lacee Page

Lacee Page is our White House and political campaign reporter. Lacee also covers justice and national law enforcement issues and congressional reporter focusing on the outputs of the legislative process: government spending, agency regulation and congressional oversight. Lacee received a national Edward R. Murrow for spot news award and the regional Associated Press award for best newscast. Lacee attended Riverview High School near Coshocton, and graduated from Ashland College in Ashland, Ohio with a Bachelor of Arts degree in Communications.

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