Lakeway, NY -- (SBWIRE) -- 02/28/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
People familiar said that General Motors Company (NYSE:GM) is planning to build as many as 36,000 Chevrolet Volts and other plug-in hybrids for worldwide delivery this year, 20% more than in 2012.
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In a month it plans to build 1,500 to 3,000 of the fuel- efficient vehicles.
The 36,000 target is “probably a doable number,” Jim Hall, principal of consultancy 2953 Analytics, said. “It will have a full calendar year in Europe” and GM will probably sell more this year now that the Volt is eligible for the car-pool lane in California, he said.
Chief Executive Officer Dan Akerson said during a Bloomberg Radio interview in April 2012 that he wanted to increase U.S. Volt sales to 3,000 a month. In June, he cut his original 2012 forecast of 60,000 worldwide and 45,000 U.S. Volt sales to “somewhere between” 35,000 and 40,000, without specifying a breakdown by region.
Starting at $39,145, the four-seat Volt is loaded with pricey batteries and more expensive than a similar-size gasoline compact, even with a $7,500 U.S. tax credit. The Toyota Corolla, for example, starts at $16,230.
Seeking expansion plans in Europe AT&T Inc. (NYSE:T) plans to license Digital Life– a home monitoring system activated on wireless devices like cellphones.
Is T a Strong Buying Opportunity After The Recent Slump? Find out Here
Besides conventional telecom services like voice and data, the company is making sound progress in the innovative and emerging products category, thereby accelerating revenue generation and enhancing profitability.
AT&T will provide wireless support to this service, which already boosts similar agreements with other automobile companies like Ford Motor Co. (F) and Nissan Motor Co.
The company boasts the best Internet speeds in the industry as it is the only U.S. carrier that provides 4G networks through both Long Term Evolution (:LTE) and High-Speed Packet Access Plus (HSPA+) technologies.
However, risk factors such as a saturated wireless market, persistent losses in access lines, labor union issues and aggressive pricing plans of direct competitors are likely to weigh on the company’s revenues and margins in the near to medium term.
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