General Motors Company (NYSE:GM)
About General Motors Company (NYSE:GM) General Motors Company (GM) is a global automotive company. The Company develops, produces and markets cars, trucks and parts worldwide. Its business is diversified across products and geographic markets, with operations and sales in over 120 countries. GM assembles its passenger cars, crossover vehicles, light trucks, sport utility vehicles, vans and other vehicles in 71 assembly facilities worldwide and has 87 additional global manufacturing facilities. With a global network of over 21,700independent dealers it meets the local sales and service needs of its retail and fleet customers. GMâ€™s business is organized into three geographically-based segments: General Motors North America (GMNA), General Motors International Operations (GMIO) and General Motors Europe (GME). It offers a global vehicle portfolio of cars, crossovers and trucks. In addition to the products GM sells to its dealers for consumer retail sales, it also sells cars and trucks to fleet customers.
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Financials General Motors Company (NYSE:GM) generated current quarterly total revenue of $34.06 billion that are considerably greater than last quarter closing of $33.17billion. Operating and net income have also increased that led to increasein EPSof current quarter by 87 percent. The companyâ€™s cash flow from operations has increased noticeably up to$8.71 billion from last quarter ending cash flow of $6.08billion. That is a good sign because company would not face any problems to repay debts. Total assets of company mount up to $137.23 billion as of 30th September, 2010 that is 4% greater than last quarter ending but it has managed to maintain the current ratio. The companyâ€™s total equity is gradually increasing which depicts that company is going to have less funding liquidity problems and more funds would be available to invest in future profitable opportunities.
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General Motors Company (NYSE:GM) About General Motors Company (NYSE:GM) The company’s cash flow from operations has increased noticeably up...