General Motors Company (NYSE:GM) is adding incentives to the Chevrolet Volt as part of a plan to reduce their inventory. GM is preparing to start the production of the 2014 model of the vehicle. GM currently has a 140-day supply of the currency Chevy Volt model, which is more than double what analysts believe are healthy.
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General Motors Posts
According to The New York Times, the Treasury Department reported today that they are planning to sell 30 million shares of General Motors Company (NYSE:GM). This news comes on the heels that General Motors is going to be reinserted into the Standard & Poor’s 500-stock index. In the past, the Treasury Department made it clear that they were going to sell their 300 million shares of GM (around 18% of the company) by early 2014. The Treasury Department said that they will sell the shares through predefined written trading plans.
Chevrolet has dropped the price of the Spark EV to $27,495. If a buyer qualifies for the federal tax credit of $7,500 – the price will drop to $19,995. The Spark EV went for sale in June in California and Oregon. Spark EV buyer in California can apply for further credits that are up to $2,500.
General Motors Company (NYSE:GM) is seeing their stock price steadily increasing. The company’s stock price cloud at $33.42 per share on Friday, which is up 3.18%. This is the company’s highest close in over two years. This stock price beats the company’s initial public offering price at $33 per share in November 2010. The increases started earlier this year as the company saw an increase in sales throughout the United States, China, and Europe.
Today General Motors Company (NYSE:GM) announced that they are building a new $130 million enterprise data center in Warren, Michigan. The facility will have 5,040 square feet of space, 48 work stations, and a 955-square foot video wall with 28 configurable screens. The facility will be designed to monitor the use of data across their operations. The data center will be able to handle computer simulations on vehicle design, fuel economy, quality, and safety.
Facebook is rolling out a new platform that focuses on serving users with advertising based on where they are located, their history of online purchasing, and browsing history. Facebook launched around 500 “partner categories” that uses data from third parties like Acxiom, Datalogix, and Epsilon. An example Facebook provided is that a local car dealership may now be able to show ads to people who are likely in the market for a new car who live near their dealership. Facebook was previously only capable of showing ads to people based on their expressed interests and “Likes” on the social network. Facebook can show ads to people based on the products and brands that they buy on the desktop and mobile devices.
General Motors is going to build around 36,000 Chevrolet Volt and plug-in hybrids this year. This is 20% more than they sold in 2012. GM is working on building around 1,500-3,000 plug-in vehicles per month. The company sold around 30,000 Volt and Opel Ampera cars in 2012 according to GM spokesman Jim Cain.
General Motors has announced today that they plan to deliver a new generation of connected cars and trucks that have 4G LTE mobile broadband integrated into them. The first vehicles to have 4G LTE built-in will be most 2015 Chevrolet, Buick, GMC, and Cadillac models available in 2014. The 4G LTE will be powered by AT&T. GM plans to announced more carrier and supplier relationships in the coming months.
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