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The magazine noted that the Impala (pictured) has "been transformed from a woefully uncompetitive and outdated model that was to be avoided even as a free upgrade at the rental-car counter into a thoroughly modern and remarkably enjoyable vehicle."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.
Australia just did, and it's doing fine. Mature countries know when to walk away from a fight.
- Will new mortgage rules mean fewer lenders?
- Why GM, Chrysler are riding high
- Survey: Dashboard lights fail to send right message
- Can you opt out of Medicare?
- Student loan debt climbs for 5th year in a row
- Plans revived for 'floating city' of 50,000 people
- Homeowners insurance: Bountiful coverage for bad cooking
- 3 stocks for the 3-D printing revolution
- Why restaurants are adding tablets to the tables
[BRIEFING.COM] Just when it looks like the market is poised for a bigger recovery run, the sellers turn up again and knock it back. That has been the prevailing order of things since the last update as a downdraft on no news ensued.
To be fair, though, sellers haven't been allowed to take total control of the market today either. Losses have been pretty modest in scope for most of the session and the Russell 2000 (+0.3%) is actually up today, reflecting the relative strength ... More
More Market News
Is it possible to have yield and growth? With these picks, we say yes.