Why General Motors is riding high
The automaker posts strong earnings and earns kudos for its new Chevrolet Impala.
The automaker posted better-than-expected quarterly results and also earned praise from Consumer Reports for the Chevrolet Impala, something that a few years ago seemed like a pipe dream.
GM's financial success was attributed to higher prices on some models, such as the Chevrolet Silverado pick-up truck, coupled with aggressive cost-cutting in Europe. (Click here for a closer look at the numbers.)
The praise that Consumer Reports heaped on the Impala, which GM recently redesigned, was nothing short of extraordinary.
The magazine noted that the Impala (pictured) has "been transformed from a woefully uncompetitive and outdated model that was to be avoided even as a free upgrade at the rental-car counter into a thoroughly modern and remarkably enjoyable vehicle."
Consumer Reports gave the Impala its highest ranking for a sedan, an honor that had exclusively gone to European and Japanese vehicles for at least two decades, according to CNNMoney. The only cars rating higher than the Impala are Tesla Motors' (TSLA) Model S, an electric-powered car, and the BMW 135i coupe.
The Impala's suggested retail price is $27,500, far cheaper than the $31,200 to $48,000 seen for the BMW and the $48,000 for Tesla's Model S.
About the only thing bad that can be said about GM is that the company's stock would have to more than triple for taxpayers to break even on their $49.5 billion bailout of the automaker at the height of the recession. That is highly unlikely, according to many experts.
--Jonathan Berr does not own shares of the listed stocks. Follow him on Twitter@jdberr
- Arctic methane 'belch' could cost $60 trillion
- Should food stamp recipients be required to work?
- Ohio bank repossesses woman's home by mistake
I have all ways been a GM man but now none of the cars are built in the states,.there is only 3 that's built here now and none are GMs
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market began the new trading week on the defensive note with small-cap stocks pacing the retreat. The Russell 2000 (-1.4%) and Nasdaq Composite (-1.1%) displayed relative weakness, while the S&P 500 lost 0.8% with all ten sectors ending in the red.
Global equities began showing some cracks overnight after China's Finance Minister Lou Jiwei poured cold water on hopes for new stimulus measures. Specifically, Mr. Lou said the government has no plans to change ... More
More Market News
New study finds members of this global elite are stashing an average $600 million each in cash -- 10 times more than a year ago.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'