Boston, MA 02/17/2014 (wallstreetpr) – The first woman CEO of the auto industry, Mary Barra, is leading the fight from the front in General Motors Company (NYSE:GM) and has made her strategy known. After coming out of government control in December 2013, the company will continue to focus of cost cutting improving European operations and leveraging its position in the Chinese markets. Europe continues to be of importance to the company despite its lackluster performance. While North America continues strong demand for cars, Europe has continued to disappoint. Both Ford Motor Company (NYSE:F) and General Motors had a torrid time in Europe and are engaged in restructuring their operations. General Motors Company (NYSE:GM) is also closing down its manufacturing operations in Australia. Such bold measures are needed as the auto industry has seen its best year in ages in North America.
Another company affected by the decline in PC shipments is NVIDIA Corporation (NASDAQ:NVDA). The decline impacted the company to such an extent that positive growth in its GPUs GeForce, Quadro, Tesla and Tegra was nullified. Nvidia reported a 3.5% decline in fiscal 2014 revenues. The earnings were also affected due to transition in Tegra, the company’s offering for the smartphone and tablet segment.
