We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
General Motors (GM) to Launch 18 Vehicles in China This Year
Read MoreHide Full Article
In order to drive growth in China, General Motors Company (GM - Free Report) plans to launch 18 new and refreshed vehicles in 2017. About half of the vehicles to be launched under the Buick, Chevrolet, Cadillac, Baojun and Wuling brands will be SUVs or MPVs. The automaker expects the string of launches to help it surpass the sales record achieved in 2016.
General Motors and its joint ventures in China reported a 7.1% year-over-year increase in sales in 2016, taking the figure to a record 3,870,587 vehicles. Notably, sales in China make up more than a third of the automaker’s global sales.
General Motors intends to launch 60 models through 2020 in China. The company introduced 13 new and refreshed vehicles in the nation in 2016, with emphasis on the luxury, SUV and MPV segments. The vehicles launched include Buick LaCrosse Hybrid, Chevrolet Malibu XL Hybrid and Cadillac CT6 Plug-In. In 2017, General Motors plans to introduce a number of new energy vehicles.
General Motors has also chalked out plans to enhance its local manufacturing capability. SAIC-GM’s Wuhan plant phase II will start operations this year. SAIC-GM’s battery assembly plant in Shanghai will also start battery pack production for electrified vehicles. Further, General Motors’ joint venture Pan Asia Technical Automotive Center (PATAC) will inaugurate a Research and Development facility in Shanghai.
Moreover, General Motors will offer a range of services including connectivity through Shanghai OnStar, automotive financing through SAIC-GMAC and automotive insurance through INSAIC.
General Motors has outperformed the Zacks categorized Auto Manufacturers-Domestic industry over the last one year. Share price of the company increased 26.9% over a year while the industry saw a 25.5% increase. The company benefitted from the strong results last quarter and business initiatives including the expansion of Maven and investment in facilities. Expectations of higher earnings in 2016 and 2017 also buoy optimism.
Zacks Rank & Key Picks
General Motors currently carries a Zacks Rank #3 (Hold).
Better-ranked companies in the auto space include Oshkosh Corporation (OSK - Free Report) , Fox Factory Holding Corp (FOXF - Free Report) and GKN plc .
Meanwhile, Oshkosh Corporation and GKN carry a Zacks Rank #2 (Buy). Oshkosh Corporation has a long-term growth rate of 8.4% while the same for GKN is pegged at 6.3%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
General Motors (GM) to Launch 18 Vehicles in China This Year
In order to drive growth in China, General Motors Company (GM - Free Report) plans to launch 18 new and refreshed vehicles in 2017. About half of the vehicles to be launched under the Buick, Chevrolet, Cadillac, Baojun and Wuling brands will be SUVs or MPVs. The automaker expects the string of launches to help it surpass the sales record achieved in 2016.
General Motors and its joint ventures in China reported a 7.1% year-over-year increase in sales in 2016, taking the figure to a record 3,870,587 vehicles. Notably, sales in China make up more than a third of the automaker’s global sales.
General Motors intends to launch 60 models through 2020 in China. The company introduced 13 new and refreshed vehicles in the nation in 2016, with emphasis on the luxury, SUV and MPV segments. The vehicles launched include Buick LaCrosse Hybrid, Chevrolet Malibu XL Hybrid and Cadillac CT6 Plug-In. In 2017, General Motors plans to introduce a number of new energy vehicles.
General Motors has also chalked out plans to enhance its local manufacturing capability. SAIC-GM’s Wuhan plant phase II will start operations this year. SAIC-GM’s battery assembly plant in Shanghai will also start battery pack production for electrified vehicles. Further, General Motors’ joint venture Pan Asia Technical Automotive Center (PATAC) will inaugurate a Research and Development facility in Shanghai.
Moreover, General Motors will offer a range of services including connectivity through Shanghai OnStar, automotive financing through SAIC-GMAC and automotive insurance through INSAIC.
General Motors Co. Price
General Motors Co. Price | General Motors Co. Quote
Price Performance
General Motors has outperformed the Zacks categorized Auto Manufacturers-Domestic industry over the last one year. Share price of the company increased 26.9% over a year while the industry saw a 25.5% increase. The company benefitted from the strong results last quarter and business initiatives including the expansion of Maven and investment in facilities. Expectations of higher earnings in 2016 and 2017 also buoy optimism.
Zacks Rank & Key Picks
General Motors currently carries a Zacks Rank #3 (Hold).
Better-ranked companies in the auto space include Oshkosh Corporation (OSK - Free Report) , Fox Factory Holding Corp (FOXF - Free Report) and GKN plc .
Fox Factory sports a Zacks Rank #1 (Strong Buy). The company has an expected earnings growth rate of around 16.6% for the current year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Meanwhile, Oshkosh Corporation and GKN carry a Zacks Rank #2 (Buy). Oshkosh Corporation has a long-term growth rate of 8.4% while the same for GKN is pegged at 6.3%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>