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General Motors Company (NYSE:GM): Current price $27.58
Chief Executive Karl-Thomas Neumann of GM’s Opel remarked that he took the job at the revenue-losing European subsidiary because of its improved vehicles and the automaker’s commitment to spend billions of dollars in a company remake. On his third day as CEO on Tuesday, Neumann said that he believes GM executives will continue on a 10-year growth strategy targeted at reversing the billions in losses that Opel has experienced for more than a decade, commenting: “We have a new leadership team, a 10-year plan…and we have financing from GM in Detroit that not only allows us to cover our losses but also to invest billions of euros into new product.”
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