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4-Traders Homepage  >  Equities  >  Nyse  >  General Motors Company    GM

Delayed Quote. Delayed  - 07/29 10:00:31 pm
31.54 USD   +1.77%
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General Motors : Al Wefaq Rent A Car contest ‘successful’

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07/30/2016 | 08:43pm CEST

AL Wefaq Rent A Car’s new edition of "Evaluate it & Win it" competition ended last July 21. It was organized in collaboration with Al Jomaih Automotive, one of the largest agents for General Motors in Saudi Arabia and the Middle East.

The aim of reconciliation through this competition is to give customers and all car enthusiasts the chance to win a selection of cars from Chevrolet brand including one Tahoe, two Cruze and three Spark cars.

Bashir al-Qahtani, Vice President at Al Wefaq Rent A Car, said: "The participation in the competition in its second edition this year is an unprecedented, which has increased 65% comparing to the first edition last year, that is an important step in strengthening our relationship with our customers, it’s also underpins our commitment to know the views of our customers about the nature of cars that we offer them, and identifying the nature of their needs, then we are sharing these views and requirements to our partners in Al Jomaih Automotive and General Motors. He added:" The success of this competition in its second edition leads us to maintain direct engagement with our customers and to proceed with this competition periodically for positive interactive and continuous communications with our customers and partners to ensure presenting the highest service levels."

Kamran Mansoor, General Manager of Marketing for AAC, congratulated Al Wefaq on this unprecedented turnout for the competition, saying: "We are delighted with the success of the "Evaluate it & Win it" competition and the great interaction from the audience, enabling us to find out closely about their views on Chevrolet vehicles. Being the leading dealership for General Motors in Saudi Arabia and Middle East, we are always keen to meet all our customers’ requirements in coordination with our partners to provide cars which meet their needs."

The competition enabled the company to identify views of the general public about the experience of driving the new Chevrolet cars and know the nature of customer’s needs, and convey all of their views to the Al Jomaih Automotive and General Motors.

(c) 2016 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2016 158 848 M
EBIT 2016 11 547 M
Net income 2016 9 220 M
Finance 2016 6 579 M
Yield 2016 4,71%
P/E ratio 2016 5,64
P/E ratio 2017 5,44
EV / Sales 2016 0,27x
EV / Sales 2017 0,27x
Capitalization 49 263 M
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 36,5 $
Spread / Average Target 16%
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Managers
NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Daniel Ammann President
Charles K. Stevens Chief Financial Officer & Executive Vice President
Randall D. Mott Chief Information Officer & Senior Vice President
Kathryn V. Marinello Independent Director
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