4 Consumer Stock Stories for Wednesday Investment Shopping
General Motors Company (NYSE:GM): Current price $28.16
GM’s German division, Opel, reported on Tuesday that it received in excess of 20,000 orders for its city car model Adam during the first week after the auto’s launch, indicating solid demand even as the business expects the European automarket to contract slightly again in 2013. Subsequent to a $747 million loss in 2011, these orders are obviously quite welcome. GM estimates that its European division will post a loss of between $1.5 billion and $1.8 billion, depending on restructuring costs for 2012.
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