Abstracts » Business

General Motors

Article Abstract:

General Motors plans to reduce its size and planned disposals include Electronic Data Systems, acquired in 1984 from Ross Perot. The company's brand names include Opel, Vauxhall, and Cadillac. The company retained a market share of 33% in the US in 4th qtr 1995. Car sales in both the US and Europe may be boosted by lower interest rates. The company will need to increase efficiency, and should be protected by activities outside the automobile industry such as defense electronics.

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General Motors

Article Abstract:

General Motors has suffered a fall in its share price despite a rise in sales and earnings. The group's overseas operations accounted for some 33% of profits and about a fifth of sales. Poor profitability is a problem in the US, though many plants are working at full capacity. The group's US operations moved into profit from 1993 but there was a loss for 3rd qtr 1994 which management called a temporary aberration. The group has made progress, and has further challenges to face.

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General Motors

Article Abstract:

General Motors saw its earnings for 1st qtr 1996 affected by a strike at a plant producing brakes for cars. The company increased plant utilization and reduced costs after the strike which cost some $900 million. Overseas automobile profits dropped and higher costs for labor and materials in Latin America, and currency issues were factors affecting this. Model replacements will boost costs but should also help the company increase its market share.

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