Boston, MA 12/23/2013 (wallstreetpr) – General Motors Company (NYSE:GM) after freeing itself from the control of United States government has made many big announcements. The first big announcement is that it no longer owes the bailout dollar to Fed. Around four years ago, the company received this bailout dollar at its hour of need. Also, the company recently announced that Mr. Daniel Akerson, the current Chief Executive Officer is due for retirement next year, and that it will appoint Ms. Mary Barra as the new CEO.
News headlines
General Motors Company (NYSE:GM) becomes the first major automaker to have a woman CEO, subsequent to the promotion of Ms. Mary Barra as CEO. The company also joins the select group of Fortune 500 companies which are headed by women. The board of the company made it clear, that gender has nothing to do with the appointment of Ms. Barra as CEO but still this news, worldwide, has excited the female community. This excitement can result into women buying more cars of General Motors Company (NYSE:GM) as they are produced by one of their own gender community. Thus, in this way, the excitement can be converted into money by General Motors Company (NYSE:GM).
New report
General Motors Company (NYSE:GM) has announced price adjustment in India for all its vehicle models. The company will now charge Rs 10,000 more than what it is currently charging on all of its models in India. This rise in price will come in effect in January, next year. The company, Tesla Motors Inc (NASDAQ:TSLA) has just announced that it can enter the vehicle market by the year 2016. Therefore, the announcement of price hike by General Motors sparks a lot of speculation. It seems that the electric car maker is ready for a competitive pricing war with giants like General Motors.
Plans of Tesla
Tesla Motors Inc (NASDAQ:TSLA) stated that the price of its mass market car will start at $30,000. So, it is quite possible that General Motors Company (NYSE:GM) wants to fix itself against this company by announcing price hikes.
