Boston, MA 06\/02\/2014 (wallstreetpr) \u2013\u00a0<\/b>It is baffling that General Motors Company (NYSE:GM)<\/b> stock is holding steady despite the massive recall. Although the stock is down since the beginning of the year, the drop in the stock is nothing compared to the big recall and the negative publicity that surrounds the company.<\/p>\n
\u00a0Shares of GM remained almost neutral in April during which the company announced more recalls. To the end of May, for instance, the company had already recalled more cars and trucks in the U.S. than the total sold in America within the five years since the company filed for bankruptcy. However, no amount of recalls or the death reports connected to the faulty ignition have had a firm grip on the company\u2019s stock thereby begging the question \u201cwhy?\u201d<\/p>\n
\u00a0Answering the question<\/b><\/p>\n
According to analysts and pundits, General Motors Company (NYSE:GM)\u2019s strong product pipeline is something that keeps the market hopeful that the company\u2019s future is bright. Additionally, the robust automotive market is also a reason that investors are hopeful.<\/p>\n
\u00a0Therefore, despite the recalls, investors believe that the company will recoup the losses linked to the massive recall and even make more sales especially in the international market where GM seem to be gaining ground. The company reported encouraging results from its Asian operations especially in China.<\/p>\n
\u00a0The company reported positive April sales in Canada where year-over-year sales grew 1.5 percent on the wholesale side and 6 percent on the retail side.<\/p>\n
\u00a0The proactive manner by which the company\u2019s management is addressing the whole recall affair also demonstrates a company that is far from being devastated by the unfolding events.<\/p>\n
\u00a0\u00a0More recall by tip the scale<\/b><\/p>\n
Although investors are optimistic that General Motors Company (NYSE:GM) will overcome its present challenges, the company may see a big change in investor perception if it announces further big weekly recalls this month because that would signal deeper underlying problems.<\/p>\n
\u00a0General Motors Company (NYSE:GM) is recalling cars over flawed ignition switch. The ignition problem has been linked to 13 deaths.<\/p>\n
\u00a0Shares of the company are down 15.39 percent since the beginning of 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 06\/02\/2014 (wallstreetpr) \u2013\u00a0It is baffling that General Motors Company (NYSE:GM) stock is holding steady despite the massive recall. Although the stock is down […]<\/p>\n","protected":false},"author":12,"featured_media":22841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2018],"tags":[1700,632],"stock_ticker":[],"class_list":["post-24221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automobile","tag-general-motors-company-nysegm","tag-nysegm","entry"],"acf":[],"yoast_head":"\n