Aug 9, 2011
General Motors (NYSE:GM) plans to be leaner in the future by halving the number of car and truck frames its uses worldwide.
The company also says it plans to increase factory capacity 45% in Brazil, Russia, India and China by 2014 to take advantage of growth.
GM made the statements Tuesday in slide presentations for its annual global business conference for industry analysts.
The slides say that GM built cars and trucks on 30 specific frames last year. That number would be cut to 14 by 2018, saving on engineering, design and manufacturing costs.
The company also plans to keep its investment in research and development steady, even when car sales are down. That will save money by terminating the practice of stopping and starting projects.
General Motors has a potential upside of 71.6% based on a current price of $25.21 and an average consensus analyst price target of $43.25.
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