On Wednesday,General Motors Co (NYSE:GM) and its Chinese JVassociates reported that they intend to construct a $1 billion auto assembly facility in the city of Chongqing as an element of its push to stay as the leader in the world’s biggest auto market.
GM, SAIC Motor Corp and Wuling Motors Holdings Ltd stated that they would start building the plant in the start of next year pending appropriate Chinese government consents. The 6.6 billion Chinese yuan ($1.06 billion) initial phase is slated to start in 2015.
Its competitors include Ford Motor Company (NYSE:F) that slipped -0.54% to $11.04 with the total traded volume of 6.68 million shares and Toyota Motor Corporation (ADR) (NYSE:TM) that dropped -1.00% to $84.39 with the total traded volume of 129,611.00 shares.
Other Consumer Goods stocks with bullish trend include Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) up +23.39% to $35.72, Mondelez International Inc (NASDAQ:MDLZ) up 0.55% to $25.41 and Xerox Corporation (NYSE:XRX) up +0.61% to $6.57, whereas with bearish trend include The Coca-Cola Company (NYSE:KO) down -0.59% to $37.20, Monster Beverage Corp (NASDAQ:MNST) down -3.61% to $50.06 and Meritor Inc (NYSE:MTOR) down -7.60% to $3.89.
General Motors Company (NYSE:GM) stock reports on Nov 28, 2012 decreased -0.04% to the trading price of $24.99. Its fifty two week range is $18.72-$27.68. The total market capitalization remained $39.18 billion.
The overall volume in the current trading session is 1.28 million shares. In its share capital GM has 1.57 billion outstanding shares among them 733.86 million shares have been floated in market exchange. GM stock institutional ownership remained 36.46% while insider ownership included 0.06%.
GM is ahead its 52 week low with +33.12% and going forward from its 52 week high price with -9.97%. GM last month stock price volatility remained 2.87%. The stock price of HD is moving forward from its 20 days moving average with +0.01% and remote positively from 50 days moving average with +1.71%.
GM current year earnings per share experienced an addition with +58.46% while its current quarter performance remained +18.08%.
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