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General Motors Company (NYSE:GM): Current price $28.11
General Motors will lead its plans for growth in Africa by sales of its Isuzu KB range of pick-up trucks, with output set to begin in South Africa and Egypt later in 2013, according to Bloomberg. President Mario Spangenberg of GM Africa said to reporters in Johannesburg, that sales of all vehicles on the continent are expected to jump by 43 percent to 2 million units by 2016, versus 1.4 million last year. GM operates four manufacturing facilities across South Africa, Kenya, and Egypt, with production anticipated to increase to 100,000 units from 2013. Spangenberg remarked that “we can anticipate that the continent as a whole will become more and more important. The Isuzu KB is a vehicle vitally important to GM in Africa.”
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