General Motors Company has selected Fuel Systems Solutions, Inc Automotive unit as the Tier-One supplier for a new compressed natural gas (CNG) bi-fuel commercial pickup truck.
IMPCO possesses an effective CNG bi-fuel system which will be integrated into the pickups at the company’s OEM conversion center in Union City, Indiana, alongside the CNG-dedicated Chevrolet Express and GMC Savana cargo vans.
GM is basically a Auto Manufacturers – Major industry company. The sales of company resulted $146.51 billion for last consecutive twelve months, and the company’s net income recorded $7.86 billion. The company’s growth of its sales in recent quarter vs. year ago quarter recorded 18.70% which is above the Industry benchmark of -3.20% and above from Standard and Poor’s benchmark of 14.90%.
Company is on an optimistic track of growth as the pre-tax margin of General Motors Company is 4.7% which is above the industry benchmark for pre-tax margin of 4.3% and below the Standard and Poor’s benchmark for pre-tax margin of 18%.
The stock price of company on October 26, 2011 increased 0.52% and settled to the closing price of $24.99. The overall volume in the last trading session was 17.50 million shares. Its fifty two week range was $19.05-$39.48. The total market capitalization remained $39.03 billion.
GM current stock price is moving above its 52 week low by 31.18% and moving below from 52 week high price by 36.70%. GM last month stock price volatility remained 4.49%. In its share capital GM has 1.56 billion outstanding shares while company’s float is 723.94 million shares. Ownership of company is 35.76% institutional.
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Article source: http://www.cngnow.com/News/Post.aspx?ID=514