GM On The Road To Recovery Like A Slow Rolling Locomotive

By Richard West on March 7, 2010, 10:10 am

There are some positive indicators that General Motors (NYSE:GM) may be on the road to making a comeback. The recent problems with the Toyota Motor Company (NYSE:TM) recalls could be giving the auto giant an even bigger boost.

Dealerships Reinstated

The intended closing of almost 700 of GM’s dealerships may have been a premature notion as the have now announced that they are going to reinstate 661 of the troubled dealerships. Even though fierce rival Ford Motor Company (NYSE:F) had more sales in February GM’s sales were quite strong.

Financial

What is likely to be a very hot topic if and when GM moves forward in an initial public stock offering sometime in 2010. Wall Street is eagerly awaiting any kind of news on that forefront. GM, at this point has lost somewhere in the neighborhood of 34,000 jobs but that number could soon change. Total employees in the United States totals in the neighborhood of 75,000 employees. US market share is holding steady at about 20 percent.

Chairman Girsky

It has been recently announce that Vice Chairman Girsky will receive approximately $5M for the added responsibilities that he has taken on. Nearly all of it will be in the form of stock. On the completive front companies like Chrysler (NYSE:DCX), Honda (NYSE: HMC) and Nissan (OTC: NSANY) will most likely continue an assault on Toyota.

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