This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The New General Motors Is Taking on the World

NEW YORK ( TheStreet) -- When it's time to buy a new car I'm like most consumers, I want the most for my money which is another way of saying that I want my money's worth.

So I shopped and did a careful search. In my best version of an "orange-to-orange" fair market comparison I settled on a car manufactured by the Buick division of GeneralMotors (GM - Get Report) .

Dollar-for-dollar I felt the irresistible urge to purchase a Buick La Crosse and I've been happy with my choice ever since. To see what it looks like here's a photo that speaks for itself .

When I'm driving my Buick I'm reminded that this isn't the old GM I've purchased but the new one. I also own an older Park Avenue model that I've driven for years so you might say I'm a "veteran."

Even the company calls itself "the New General Motors" and you can see the determination and the wave of passion GM is riding when you visit its web site.

GM has recreated itself with a lofty vision to build and sell the best quality autos in the world. The company currently builds and sells nearly 10 million vehicles worldwide.

Amazingly, its No. 1 market is China, not the U.S. which is No. 2. GM's trailing 12 month revenue is nearly $153 billion. In the most recent quarter ending June 30 its total cash tallied close to $26 billion.

This is almost as much as the $26.75 billion total debt it has on its books. GM's balance sheet is looking healthier with every passing year since that ominous moment in 2008 when it filed for Chapter 11 bankruptcy.

The U.S government bought up a large percentage of GM stock early on thus enabling the company to reorganize. It did so in late 2010 and has been determined to buy back shares from Uncle Sam.

As of last count the federal government still owns around 16% of the outstanding shares. That's great news for the United Auto Workers Retiree Medical Benefits Trust which owns more than 140 million shares.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GM $36.34 0.00%
AAPL $118.03 0.00%
FB $105.41 0.00%
GOOG $748.15 0.00%
TSLA $229.64 0.00%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs