Year to date 2013, shares of the General Motors Company have appreciated by 12.9 percent, closing at 32.55 on June 26. That’s up from a 52-week low of 18.72, but slightly down from a high of 35.49. The new share value gives The General a market capitalization of $44.74 billion.
Shares of crosstown rival (or is it frenemy?) Ford are also higher this year, having increased by 18.07 percent — 5.17 percent higher than those of GM. Ford’s shares have a 52-week low of 8.82, and a high of 16.09. The new share price gives The Blue Oval a market cap of roughly $60 billion. Notably, the ebbs and flows of both automakers’ shares are very similar, as shown in the following graph.
GM and Ford stocks seem to move in unison. Chart YTD June 26th 2013.
Analysts widely expect GM to grow its profitability over the next several years, something that will likely be achieved by eliminating complexity (with fewer engines and platforms), launching new class-leading vehicles, strengthening vehicle brands, and achieving overall scale efficiencies. We can’t wait for the day when all of those items have been realized.
Comments
GM is the automaker that first spawned my interest in cars (specifically a Buick Riviera), so I’m glad to see that things are looking up there. I’m really glad that the company didn’t die off in the 2009 fiasco, and am looking forward to seeing it at its zenith in the near future.
Just love skyscrapers & big city’s, I take it this is Detroit. For the record its the Vauxhall Cavalier MK1 & then MK2 that got me into Vauxhall’s, GM & cars 😀
Yupp, that’s the Renaissance Center — GM’s global headquarters in downtown Detroit.
What first got me into GMs was the first-generation Opel Astra and first-gen Chevy Blazer (1994)… and what reignited my passion was the 5th Gen Camaro. It will only get better from here.
An old W-body Cutlass. It was showing it’s age and parts of it were gradually succumbing to effects of time and wear….except the 3.1, which always, ALWAYS, started every morning. The paint faded, 1 or 2 accidents had scarred it (but it remained driveable), and I believe that a squirrel had a nest in the rear fascia in the last few years, but it always started and ran like it always did.
I remember being told countless times in my early years that all American cars were unreliable. That might have been true back in the 70’s and 80’s, but that Cutlass simply wasn’t unreliable.
It was then that I started following the activities of GM.