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The magazine noted that the Impala (pictured) has "been transformed from a woefully uncompetitive and outdated model that was to be avoided even as a free upgrade at the rental-car counter into a thoroughly modern and remarkably enjoyable vehicle."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 © 2013 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.
A basic income policy can actually ensure a decent standard of living for everyone.
- People left $500,000 in coins at airports last year
- How your driving can affect your credit
- Obamacare projected to cost hundreds of billions less
- November jobs report: Winners and losers
- Student loan debt climbs for 5th year in a row
- Wall Street finally notices Bitcoin
- Part-time workers hurt by on-call system
- 5 myths about late payments and your FICO scores
- Auto loan interest rates hit record low
[BRIEFING.COM] A solid November employment report translated into a solid day of gains for the major averages. While there was some talk that the encouraging job growth raised the odds of the Fed announcing a tapering at its December meeting, the message of the markets today was either that it didn't believe there would be a tapering this month or that it doesn't fear a tapering this month.
It was just one day, yet there was ample meaning wrapped up in the connection that the 10-yr ... More
More Market News
The Fed may start tapering in just a few months. Here are a few of the likely winners and losers.