Executives in the U.S. auto industry, which is fortified with rising sales and strong financial position, predict to add workers and expand plants in the coming year, according to a latest survey released by KPMG LLP, the audit, tax, and advisory firm. Despite their optimism in general, executives mention some major setbacks ahead, including continuing pricing pressures, an increasing gap in qualified labor, and the current European revenue setback.
The survey results reveal that U.S. auto companies are regaining confidence, according to Gary Silberg, who is a national automotive industry leader for KPMG LLP. Although the overall economic revival appears weak, that is not the case in the automotive industry, Gary noted.
Ford Motor Company (NYSE:F)
Ford Motor, a producer of cars and trucks, recently announced the Ford C-MAX Energi Plug-In Hybrid, expected to Deliver 550-Mile Range and Nearly Double Electric-Only Range of Toyota Prius.
[article_detail_ad_1]The all-new C-MAX Energi utility, Ford’s first-ever plug-in hybrid, is the only vehicle that enables customers to drive from Sacramento to San Diego on a tank of gas and make the average travel on electricity alone. Ford C-MAX Energi plug-in hybrid is expected to travel 550 miles of total range.
Ford Motor will develop their plants and employ more people to meet the increasing consumer demand for replacement of aging vehicles and trucks.
In last trading session of Ford Motor Company (NYSE:F), it declined -1.50% closed at $9.21 and its total volume during the last trading session was 27.97 million shares. Ford Motor has earnings per share of $4.75 and its price to earnings ratio ended at 1.94.
General Motors Company (NYSE:GM)
GM is the newest in a chain of auto companies announcing growth of operations in Mexico, or setting up production operations for the first time. General Motors (GM) invested $420 million in the states of Guanajuato and San Luis Potosi to make a new compact car, a new generation of big pick-up trucks, and a more competent transmission to be used in numerous of the company’s passenger cars. Mexico’s auto exports in June were 14% more than in the year-ago. GM has invested more than $5 billion in Mexico in the last six years.
General Motors Company (NYSE:GM) key financials illustrate that GM reported the fall of -3.87% and closed at $19.36 with the total traded volume of 8.80 million shares beating the average volume of 8.00 million. Stock’s 52 weeks high price was $30.29 and 52 weeks low was $19.00. GM has market capitalization of 30.31 billion.