Can someone please rewrite this in your own words? Please do not go to any sites and get informaton and copy it. Thanks.
The leadership at General Motors has been together for nine months, and they have collaborated together for some time developing goals for GM’s future which includes creating a specific strategic plan. The strategic plan includes initiatives like the 4G LTE for which GM anticipates will assist them in achieving nine to ten percent margins on an EBIT-adjusted basis by the next ten years.
Their plan consists of launching the globe’s biggest automotive utilization of 4G LTE high-speed mobile broadband. They will be presenting this vehicle-to-vehicle technology in the 2017 Cadillac CTS and launching an exceedingly computerized driving technology that they presently call Super Cruise. This permits prolonged times of hands-free driving on the roads.
With the 4G LTE technology joint venture in China, they are arranging to capitalize fourteen billion dollars from 2014 through 2018 opening five new auto-manufacturing facilities and sales support of around five million autos on an annual basis. GM Financial has gotten their grossing assets grow from eight point seven billion dollars in 2010 to thirty-seven billion today. They continue to capitalize to fund the trade of new GM cars, trucks and crossovers all over the globe. The customers that GM serves have grown in the South America, Canada and the United States, and Europe.
In Europe, their financials are anticipated to return to lucrativeness in 2016 and in China the joint venture will continue net income margins in the nine to ten percentiles. “GM intends to return excess cash flow to stockholders primarily through strong and growing dividends based on sustained improvements in the company’s underlying financial performance” (Investors News, 2014).
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