GM's (GM) CFO Daniel Ammann Sees 10% Profit Margin in Future
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In an interview with the WSJ, General Motor’s (NYSE: GM) chief financial officer, Daniel Ammann, stated the company is looking to increase its profit margin from its current level of 6 percent to 10 percent over the next several years.
This announcement comes as the company reclaimed its title as the world’s top selling automaker in 2011. General Motors is expected to announce its fourth quarter and full year fiscal 2011 results on February 16th. The Street’s consensus is calling for earning of $0.42 and $3.91 for the quarter and full year, whiles total revenues are expected to be $38.08 billion and $150.1 billion.
Shares of GM are trading up 1.26 percent in the pre-market hours of trading today and are up 29.16 percent year to date.
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This announcement comes as the company reclaimed its title as the world’s top selling automaker in 2011. General Motors is expected to announce its fourth quarter and full year fiscal 2011 results on February 16th. The Street’s consensus is calling for earning of $0.42 and $3.91 for the quarter and full year, whiles total revenues are expected to be $38.08 billion and $150.1 billion.
Shares of GM are trading up 1.26 percent in the pre-market hours of trading today and are up 29.16 percent year to date.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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