General Motors Company
) recently announced its plans to showcase the redesigned
Cadillac CTS at the auto show in N.Y. next month. The mid-sized
luxury sedan is set to be pitted against BMW's popular 5- series.
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The company introduced the current version of CTS in 2007 to
strengthen the position of the Cadillac brand among the older
customers. However, sales volume of the vehicle dropped last year
due to the introduction of new compact ATS and the larger XTS
Cadillac CTS will hit the market as a 2014 model. The company
also plans to launch 10 all-new or significantly refreshed
vehicles globally over the next three years. Cadillac will also
introduce an ATS vehicle next year.
General Motors is a leading global automotive company. The
company has presence in almost 120 countries and has facilities
located in 30 countries. It currently retains a Zacks Rank #3
General Motors posted profit of $0.8 billion or 48 cents per
share in the fourth quarter of 2012 compared with $0.7 billion or
39 cents in the same quarter of 2011. The earnings per share
missed the Zacks Consensus Estimate by a penny,
Revenues moved up 3.4% to $39.3 billion in the quarter, higher
than the Zacks Consensus Estimate of $38.6 billion. Unit sales
escalated 4.2% to 2.3 million vehicles. The improvement was
driven by an increase in worldwide sales volume to 2.3 million
Commercial Vehicle Group Inc.
Strattec Security Corporation
) are performing well in the same industry where General Motors
operates. All of them hold a Zacks Rank #1 (Strong Buy).