General Motors Company Makes Major Investment Plan for Ohio and Indiana ...
General Motors Company NYSE:GM yesterday announced that it plans to make significant investment of about $129 million for General Motors Powertrain plants in Ohio and Indiana that make transmissions for Buick and Chevrolet models with eAssist fuel-saving technology.
The current investment is part of $2 billion being invested in 17 facilities in eight states over the next 18 months and will create or retain 4,000 jobs. For plants in Toledo, Ohio, and Bedford, Indiana, since May it is a second helping of investment, bringing total investment at the plants to $287 million and $81 million respectively.
GM is basically a Auto Manufacturers - Major industry company. Company’s stock price is on a negative trend as for the most recent quarter General Motors Company’s three consecutive months’ share decline is -0.10% with its relative strength index of 59. However on semiannual basis the last six consecutive months’ decrement recorded -20.30%.
To Combat Lax Sales, GM Offers Free Insurance to Buyers in Pacific Northwest
You might remember the car-dealer refrain, “Buy a car, get a check,” or those once-ubiquitous friends and family discounts. In the Pacific Northwest, General Motors is putting another twist on the incentive game, offering a year of free car insurance.
This week, G.M. began a pilot program in Oregon and Washington that bundled a yearlong insurance policy, provided through MetLife Auto and Home, with a customer’s purchase of a new 2010, 2011 or 2012 model-year vehicle.
The program, which runs through Sept. 6, is intended to increase G.M.’s market share in the Pacific Northwest, where dealers say they are not experiencing the same rebound in auto sales that their counterparts in other regions have experienced.
“We’re light on traffic right now,” said Terry Olson, general manager of Braley & Graham Buick GMC in Portland, Ore., in a telephone interview. “We always take some time to recover.”
Buyers in the region are also more loyal to foreign brands, according to a recent survey by CarGurus.com , which examined buying behaviors of customers from January through June. While 67 percent of buyers in St. Louis and Detroit bought cars from domestic brands, only 37 percent of buyers in Portland and 34 percent of Seattle buyers did.
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