General Motors (GM) obliged Barclays analyst Brian Johnson's call on a bottom in auto companies...


General Motors (GM) obliged Barclays analyst Brian Johnson's call on a bottom in auto companies stocks, as shares climbed 3.2% on GM's plan to reorganize global operations. Johnson's focus is on the average age of vehicles on the road today, which are well above historical averages. In the past six months, GM is down 19% and Ford is off 24%.
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Comments (2)
  • MICHAELIRISH131
    , contributor
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    GM and suppliers most likely will continue to stream line operations and eliminate redundancy across administrative and technical jobs.
    17 Aug 2012, 06:04 PM Reply Like
  • phxcrane
    , contributor
    Comments (750) | Send Message
     
    I hope Barclays is talking about Honda,Toyota, Kia and other non UAW made cars. I've said it before and I'll say it again Government Motors and the UAW have gotten all the money they are going to get from me.
    17 Aug 2012, 08:14 PM Reply Like
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