General Motors Company (GM - Free Report) showcased the redesigned 2014 Buick LaCrosse at the New York International Auto show. The mid-sized luxury sedan will be manufactured in the Fairfax plant in Kansas City, KS.
In order to attract young buyers, the vehicle is equipped with LED daytime running lamps and LED tail lamps. The sculpted body shape including new grill will help in reducing aerodynamic drag and improve fuel efficiency of the vehicle.
The vehicle is equipped with advanced safety features including radar- and camera-based Side Blind Zone Alert, Lane Change Alert, Lane Departure Warning, Rear Cross Traffic Alert and Automatic Collision Preparation. All the systems work together with the Safety Alert Seat, which provides vibration pulses along with other visual or audio warnings.
The interior is also remodeled with new seats, redesigned instrument panel with intuitive controls and voice recognition. The car comes with two powertrain options: the 2.4L engine with eAssist light electrification and 3.6L direct-injected V-6.
General Motors has a presence in almost 120 countries and has facilities located in 30 countries. It currently retains a Zacks Rank #3 (Hold).
General Motors posted an increase in profits to $0.8 billion or 48 cents per share in the fourth quarter of 2012 compared with $0.7 billion or 39 cents in the same quarter of 2011. The earnings per share missed the Zacks Consensus Estimate by a penny.
Revenues moved up 3.4% to $39.3 billion in the quarter, higher than the Zacks Consensus Estimate of $38.6 billion. Unit sales escalated 4.2% to 2.3 million vehicles. The improvement was driven by an increase in worldwide sales volume to 2.3 million units.
Few stocks that are performing well in the industry where General Motors operates include Gentherm Incorporated (THRM - Free Report) , STRATTEC Security Corporation and Visteon Corp. (VC - Free Report) . All these companies carry a Zacks Rank #1 (Strong Buy).