GM Goes Big: Strongest Sales Since Fall 2008

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Chevy Silverado Red Pickup

Summer 2013 continues to be a good one for General Motors Co. (NYSE:GM), the U.S. automaker who just a few years ago was deflecting “Government Motors” jibes and struggling to stay above water. The company has been able to turn itself around and start resurrecting sales again, a reality evidenced by its latest sales victory.

According to MarketWatch, GM reported Tuesday that its U.S. vehicle sales in June totaled 264,843 units, a 6.5 percent rise from the same month a year earlier. The automaker’s June sales were the highest since September 2008, a lucrative period for the automaker before its government bailout.

GM is a company in transition. Its CEO, Dan Akerson, has implemented several major corporate structure changes and has been able to delegate responsibility to experienced GM veterans such as Grace Lieblein. As the automaker works to win back consumer confidence, stem losses in Europe, and maintain its current success rate, it has focused on strengthening each of its brands and rolling out a new array of vehicles that cater to each consumer’s wants and needs.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business