Aug 1, 2011
The Detroit News reported that General Motors (NYSE:GM) has begun production of the Chevrolet Sonic at its Orion Assembly Plant. The company's executive director for global and North American Manufacturing Engineering made the announcement today.
Ken Knight, executive director for global and North America Manufacturing Engineering for GM, said "We started our regular production today -- two-and-a-half hours ago. Since, my phone hasn't rung off the hook. I think we are doing well."
General Motors (NYSE:GM) has a potential upside of 56.3% based on a current price of $27.81 and an average consensus analyst price target of $43.45.
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