General Motors is losing the sales leadership

After publishing the quarter report, General Motors will get through hard times. Comparing to the past year’s report, General Motors sales in the USA decreased by 1,8%, in Russia sales decreased by half. Comparing to the result of December 2016, company’s sales decreased by 3,8%. The reason is that company reduced the old car models, that previously were in demand. Possibly, General Motors will stabilise income soon, because the company plans to cooperate with Japanese car manufacturer Honda to build a joint factory to produce hydrogen fuel elements.

Since the end of January, General Motors stocks decreased by 6,6%. Trading will be available during American session, from 14:40 to 21:00 GMT.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions.