Graham and Doddsville -- Value Investing In The New Era Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Freedom Fighter who wrote (963)	11/10/1998 9:00:00 PM
From: porcupine --''''>	Read Replies (1) of 1722

GM sees higher output, market share in '99 WARREN, Mich., Nov 10 (Reuters) - General Motors Corp. President G. Richard Wagoner on Tuesday said the automaker expects higher North American output for the first three quarters of next year, as well as market share gains. The world's largest automaker, still recovering from two summer strikes, has previously said its fourth quarter North American output will be its highest fourth quarter level in 10 years. "It's fair to say the first several quarters of next year...will be up year-to-year in production," Wagoner said at a news briefing announcing $1.5 billion in new investments for southeastern Michigan. Wagoner also said assuming the annual U.S. vehicle market stays in the 1999 range of 15 million to 15.5 million, the company will be in a position to boost its market share next year as well. Separately, GM officials confirmed a USA Today report that GM North American Operations President Ronald Zarrella told top North American managers the company wants to hit 32 percent U.S. market share in 1999. Zarrella also said during a recent annual conference GM has a North American 1999 profit target of $4 billion. GM so far this year has 29 percent of the U.S. market. Its 1997 level was 31 percent. GM's 1997 North American profits were $2.3 billion.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next