General Motors Company (NYSE:GM) conducts its operations with efficient energy management, Ford Motor Company’s (NYSE:F)

Posted by Chris Bell July 2, 2013 0 Comment 670 views

General Motors Company (NYSE:GM) has entered in to another collaboration with the U.S. Department of Energy (DOE). The company has showed their interest in participating in the DOE’s program to reduce energy costs. The company has assured that it will lower its energy cost on per unit of production basis at its 25 plants. The company expects that by the end of 2018, the company will achieve in reduction of energy cost by 25 percent or more.

Al Hildreth, the Corporate Energy Manager of the company said that they will continue to prove that the business operations shall be conducted with an efficient energy management. He also said that joining hands with like-minded organization, EPA Energy Star and DOE will help in sharing best practices to lower down the costs thereby reducing the nation’s energy consumption.  The company is pleased that such an initiative will help the nation in energy efficiency. The program will help in saving billions of energy cost, create new manufacturing jobs and strengthen the economic competitiveness and provide a better environment. The compressed air training conducted by DOE helped the employees at Fairfax (Kan.) Assembly to identify that they can save $200,000 annually.

GM has too identified that there are 218 energy saving opportunities which can help the company to apparently gain $7 millions. Earlier GM had become partners with DOE to help to increase the number of employers who provides workplace vehicle charging tenfold within a span of 5 years.

Ford Motor Company’s (NYSE:F) ‘Fusion’ has been an incredible success for the company. The sales of ‘Fusion’ are on a pace to create history for the company which no other vehicle of Ford has created aside from its F-series. The company is rapidly gaining its market share in the United States as compared to its competitors.

About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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