GM has $38.40 billion market capitalization. In 2012, the company reported $152.3 billion revenue and $4.9 billion net income. Its fully diluted earnings per share were $2.92 per share, and adjusted EBIT was $7.9 billion. The company ended the year with strong automotive liquidity, with $37.2 billion and $26.2 billion automotive cash marketable securities. The automaker settled $28 billion of its U.S. salaried pension liability through annuitization and lump sums.
The company recently announced a $1.5 billion investment in its North American facilities to introduce 20 new vehicles this year.
I believe GM is driving smoothly on the road to prosperity based on its strong sales performance not just in the United States, but also in rapidly growing markets. The company is posting outstanding sales record in China every month. In Thailand, GM recorded 139% sales growth last year. The management is focused on increasing its profitability through innovation to ensure the safety and quality of its vehicles in order to retain the loyalty of its customers, and to deliver a long-term investment value. GM will soon be able to remove the “Government Motors” stigma.