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General Motors LogoTo me, General Motors Corp. (NYSE: GM) is beginning to take on the persona of Rocky Balboa, the consummate tough guy who is winning against all odds. Forget for a moment who sells more autos and just look at all the smart work it has taken to get GM this far in the struggle to effectively manufacture and market automobiles. Take a contrasting look at the last few week's announcements from America's auto manufacturing block. Take a look at the news about Ford (NYSE: F) and Chrysler in contrast to what you hear about GM. It is my opinion that of those three, GM is the only company which has a realistic grasp on what it must do to survive and regrow.

General Motors posted 2007 second-quarter adjusted net income, excluding special items, of $1.4 billion, or $2.48 per diluted share, compared to $1.1 billion, or $2.03 per diluted share, in the year-ago quarter. However, bear in mind that while GM increased its market share over 9% outside of North America, it's global market share was down 0.4%, meaning that there was a decline in the number of vehicles sold at home. Current analyst consensus is a quiet hold on GM. I would take that position also, but overall I expect GM shares to move steadily upward as company outlook improves.

Continue reading General Motors (GM) earnings preview: You gotta' have heart

General Motors (GM) earnings preview: You gotta' have heart originally appeared on BloggingStocks on Sun, 04 Nov 2007 11:40:00 EST. Please see our terms for use of feeds.

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General Motors logoVenture capital is flowing, engineers are chomping at the bit and layman sources claim that mechanical components of the Chevy Volt are already being road tested on the streets of Detroit. General Motors (NYSE: GM) is not letting anything get in the way of its plans to place a successful electric car on the streets of America and the world by 2010. A report by RedHerring outlines the broad and powerful collection of top tier companies which are coming together to help GM bring its mission to fruition.

Two new research projects targeted towards electric car development were recently announced by General Electric (NYSE: GE) and are specifically geared towards the needs of the Chevy Volt. GE has been asked to design high density electric capacitors and hybrid drive train components in pursuit of our first generation of truly plug-in electric cars. It would seem that GM, GE and the Department of Energy are not willing to settle for an automobile with simple hybrid status. The goal would appear to be full blown electric automobiles at a price within reach of the public. Once the car is built, add the current advances in solar technology and you'll have an automobile that can be charged from a solar powered battery array at home.

Continue reading General Motors is ramping up the Chevy Volt

General Motors is ramping up the Chevy Volt originally appeared on BloggingStocks on Thu, 25 Oct 2007 10:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>autoblogautobloggreenautomobilebatteriesbatterycarChevroletChevy-VoltCorporationEatonelectricETNGEgeneral motorsGeneral-ElectricGeneral-MotorsGeneralMotorsGMgreendailyhybridsolartransmissionUnited-Parcel-ServiceUPSVoltThu, 25 Oct 2007 10:50:00 EST