Wall Street PR

GM (NYSE:GM) Announces Milestone for DMAX Engine Plant – GM, F, HMC, SORL, TTM

General Motors Company (NYSE:GM) reported the milestone on Friday for engine plant, as the Moraine DMAX plant reached the 1.5 million diesel engine production mark this week.
A joint venture of GM and Isuzu Motors Ltd., DMAX Ltd was established in 1998. GM initiated the Duramax diesel in the United States in its 2001 model year.

Maho Mitsuya, DMAX Chief Executive Officer stated that this milestone demonstrates the productivity of their employees and the partnership between GM, Isuzu and the IUE-CWA.
The Duramax 6.6L diesel engine, which comes out of Moraine, is accessible in GM’s Chevrolet Silverado HD and GMC Sierra HD pickups,plus GM’s full-size vans, Chevrolet Express and GMC Savana.

General Motors Company (NYSE:GM) opened at $23.92 with 1.57 billion outstanding shares and touch its highest price of $23.98 of the day and then finished at $23.85 by decreasing -0.13%, as in the whole session stocks gain volume of 9.65 million shares which is higher than its average volume.

As the owner ship concerns stock institutional ownership remained 36.48% while insider ownership included 0.06%. The share capital of GM has 1.57 billion outstanding shares amid them 733.86 million shares have been floated in market.

For investors focus on the performance of the stocks so the GM showed weekly decrease performance of -4.75% which was maintained for the month at -3.79%. The positive performance for the quarter was remained 11.81% and if took notice on yearly performance that was 2.14% whereas the year to date performance halted at 17.66%.

As the moving toward the returns measures returns on Investment ratio is significant measure which investor should have in consideration, the GM return on investment was recorded as 4.59% as compare to its rivals has Ford Motor Company (NYSE:F)’s ROI 15.77%, Honda Motor Co Ltd (ADR) (NYSE:HMC)’s ROI 2.74%, Sorl Auto Parts, Inc. (NASDAQ:SORL)’s ROI 7.91%, Tata Motors Limited (ADR) (NYSE:TTM)’s ROI 18.84%.

Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.