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General Motors Company Message Board

  • jeyebolt2003 jeyebolt2003 Oct 25, 2012 2:27 PM Flag

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    Also vote for Mitt Romney.
    General Motors (NYSE:GM) has been looking forward to the ongoing Sao Paulo auto show to showcase some of its new models which could help reverse its market share losses in Brazil over the past several years. Increased competition from the Korean and Japanese automakers and a lack of model refreshments have eroded GM’s market share in the country from 24.2% in 2002 to 18.2% in 2011. GM’s sales are up 1.9% to 470,000 vehicles in Brazil in the first nine months of the year. [1]

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    GM’s most important vehicle could be the new Onix, the subcompact specially designed for the Brazilian market, which will debut in the Sao Paulo auto show. Brazil’s auto market is primarily skewed towards subcompact/smaller cars with 60% of total sales coming from this segment. Moreover, smaller cars attract lower taxation, a practice common in many developing countries, to discourage people from buying bigger cars since they generally contribute more towards traffic congestion and pollution. GM’s luxury brand Cadillac could also be introduced in the country within the next five years.

    Sentiment: Strong Buy

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