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TheStreet Open House

5 Auto Stocks in Top Gear

1. General Motors (GE) develops, produces and markets cars, trucks and parts in more than 30 countries worldwide. It also provides automotive financing services through General Motors Financial Company. The company operates in five segments: GM North America, GM Europe, GM International Operations, GM South America and GM Financial. GM's brands include Chevrolet and Cadillac.

Of the 20 analysts covering the stock, 75% recommend a buy and 25% affirm a hold. The stock's average 12-month price target is $34.14, about 62.9% higher than the current levels, according to data compiled by Bloomberg

GM reported total revenue of $36.7 billion for 2011 third quarter, up 7.62% from $34.1 in the same quarter previous year. Net income attributable to common shareholders stood at $1.7 billion, or $1.03 per fully-diluted share. GM ended the quarter with strong liquidity of $38.8 billion.

GM Sales in the U.S. totalled 180,402 vehicles in November, up 6.9% from 168,739 a year earlier. For the Indian market, GM reported a marginal increase in November sales at 8440 units, vs. 8376 units sold in the same month last year. The company's CEO said that GM would buy Chevrolet Volts from any owner who is concerned about a government investigation of two post-crash-test fires in the car's battery.

Based on the current industry outlook, the company expects adjusted EBIT for the fourth quarter of 2011 to be at the levels of fourth quarter of 2010 (around $2,056 million), due to seasonal trends in North America and weakness in Europe. Also, GM expects to record a special item in the fourth quarter recognizing an $800 million non-cash settlement gain related to a Canadian Health Care Trust settlement.

>>To see these stocks in action, visit the 5 Auto Stocks in Top Gear portfolio on Stockpickr.

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