Back to top

Analyst Blog

General Motors Company (GM - Analyst Report) signed an agreement to purchase the original Durant-Dort Carriage Co. facility in Flint, Mich. The 133-year old Flint facility, which is the birth place of General Motors, is known as the Factory One and spans 25,000 square feet.

In addition to the purchase, General Motors plans to act as the curator of the Durant-Dort office building and covert it to a museum with the original boardroom. Currently, the building is being maintained by Flint Historical Foundation. The repair and maintenance of the building is very costly. Henceforth, General Motors will pay for the maintenance and repairs.

General Motors will invest $215 million in Flint Engine Operations, which is a part of $331.8 million total investment in four of the manufacturing facilities. With this strategy, the automaker will be saving 1,000 jobs.

The 1.4-liter Ecotec gas engine will be produced in the Flint Engine Operations. This is part of new family of engines of three to four cylinders, with engine displacement ranging from 1.0 to 1.5 liters.

General Motors is a leading global automotive company. The company has presence in almost 120 countries and has facilities located in 30 countries. It currently retains a Zacks Rank #3 (Hold).

General Motors reported a 28.0% fall in earnings to 67 cents per share in the first quarter of the year from 93 cents in the same quarter of 2012 (all excluding special items) due to lower revenues generated from the company’s all geographic operations except Europe. Despite this, the automaker’s earnings exceeded the Zacks Consensus Estimate by 11 cents per share.

Revenues in the quarter slid 2.4% to $36.9 billion, despite a 3.6% rise in retail unit sales to 2.4 million vehicles globally. It was higher than the Zacks Consensus Estimate of $36.4 billion.

Few stocks that are performing well in the broader industry include Visteon Corp. (VC - Snapshot Report), STRATTEC Security Corporation (STRT - Snapshot Report) and Denso Corp. (DNZOY). All carrying a Zacks Rank #1 (Strong Buy).


Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ERBA DIAGNO… ERB 3.00 +3.09%
SANCHEZ ENE… SN 34.18 +2.67%
THE PANTRY… PTRY 21.02 +2.09%
INTEL CP INTC 35.15 +1.88%
PIPER JAFFR… PJC 54.54 +1.70%