Boston, MA 01/27/2014 (wallstreetpr) – General Motors Company (NYSE:GM) is brimming with changes. Last week the company decided to take on Mary Barra as the new Chief Executive Officer. The America’s largest Automaker also shook the media with its first-ever decision to stop presenting sales and trends through its monthly conference calls that happen with automotive media.
About the change
While mostly, the company’s recent changes of stopping publications and sales discussions are perceived to be a move in a wrong direction, but some experts believe just the contrary. As per them, the company is transitioning positively from its 20 year old historical routines and seems to be recharged to take up matters of more importance on priority.
The Way Ahead Under The New Leadership
General Motors Company (NYSE:GM), First female CEO Barra, also reiterate these plans. She said in a recent roundtable that she will follow the footsteps of her predecessor in terms of modest expansion globally in the year 2014. She highlighted that some of the key targets of the company include are reaching a 5 million sales number in China, an area offering an abundance of growth, particularly for Chevrolet and to break-even in Europe, after the launch of Opel products and cost-cutting measures undertaken in the region. The company also aims to achieve 10% of profit margin in North America as well as attain profitability in all the markets alike. The company is eyeing to achieve all these targets by the end of 2016.
As General Motors Company (NYSE:GM) go into its first full year of sales for its revamped 2014 full-size pickup trucks, the Wall Street is keen to analyze as how the automaker gets rewarded in terms of its market share and can generate more profits from its products, which are core to its business. The company’s shares recorded a fall of $1.59 and closed at $36.83.
