Showing posts with label General Motors. Show all posts
Showing posts with label General Motors. Show all posts

Thursday, May 29, 2014

GM's China Growth Plans Face Speedbumps

This article was originally published by TheStreet on May 21, 2014.
By Sarfaraz A. Khan. Research Asst. Gohar Yousuf
NEW YORK (TheStreet) -- Leading U.S. automaker General Motors (GM_) has been struggling at home due to its worsening recall crisis, but it's expecting robust sales growth in its second home, China.

The company's president predicted 8% to 10% growth in vehicle sales in China this year, according to a report in The Wall Street Journal.

GM is the No. 2 carmaker in China, the world's biggest auto market. The company is expanding its production capacity in the country to meet the rising demand. It faces tough competition, however, from international rivals, particularly Volkswagen AG (VLKAY_), which plans to spend nearly $25 billion in the country over the next four years. 

Friday, April 25, 2014

Amid Recall Crisis, GM Could Be Up For 50% Or Greater Upside

This article was originally published by GuruFocus on April 18, 2014

By Sarfaraz A. Khan. Research Assistant: Gohar Yousuf
The shares of General Motors (GM) have struggled as the company deals with its recall crisis. The auto giant has estimated $1.3 billion as the recall cost, which does not account for its tarnished reputation. Long-term investors, however, might consider this as a buying opportunity.

Although the company’s shares might continue to struggle in the short term, by the end of the year, when the crisis would be history, analysts at JPMorgan believe that the GM could rise to $52 per share, which shows a potential upside of 53% from the current levels.