Is General Motors an Attractive Investment?
T = Trends for a Stock’s Movement
General Motors designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. The company markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Opel, Holden, and Vauxhall brand names, as well as under the Alpheon, Jiefang, Baojun, and Wuling brand names. It sells cars and trucks to dealers for consumer retail sales as well as to fleet customers in daily rental car companies, commercial fleet customers, leasing companies, and governments.
General Motors Co’s chief financial officer said on Sunday that the U.S. automaker is close to reintroducing a common stock dividend, but he declined to provide any details on timing. ”It’s clear to us that investors are anticipating a dividend,” Ammann, who is set to become GM president on Thursday, said on the sidelines of the North American International Auto Show.”We’re closer than we have been given all the actions that we have taken, investment grade rating, all of that. When we have something to announce we’ll do it.” GM last paid a dividend on its common stock in May 2008. Ammann also said he believed the European car market has bottomed but wasn’t sure how fast it would rebound. Mary Barra, who will succeed Dan Akerson as GM CEO later this week, said the automaker would continue to strive to offer good values to customers after she takes the helm this week.