GM Shares Rise on Chevrolet Launches


General Motors Company’s (GM) stock increased 1.1% to $38.12 on Nov 21 after its Chevrolet brand unveiled the 2015 Chevrolet Colorado and announced the launch of two new sedans in the Sonic portfolio. The new 2015 Colorado midsize truck will hit stores next year.

The new Colorado boasts unique design together with better comfort and connectivity features, including forward collision alert and lane departure warning. The vehicle is equipped with 2.5L I-4 or 3.6 L V-6 engines, which offer efficiency and power. The new Colorado offers a payload capacity and trailering capacity of more than 6,700 pounds (3,039 kg). The new Colorado is also available with a diesel engine – the Duramax 2.8L I-4 turbodiesel.

General Motors also announced that its Chevrolet brand will be introducing two new affordably priced sedans in the Sonic portfolio. Sonic RS and Sonic Dusk will be available starting spring 2014 .

The retail price of the 2014 Sonic RS sedan is estimated to begin at $20,530, which includes destination cost of $825. The Sonic Dusk is priced at $20,945 including destination. The title and license fees are not included in the price.

The Sonic RS is equipped with Ecotec 1.4L turbo engine rated at 138 horsepower (103 kW) and 148 lb-ft of torque (200 Nm). The vehicle’s performance is enhanced with the unique transmission gearing in the six-speed manual together with a sport-tuned suspension, lowered ride height and has an air dam design at the front. The interior of the vehicle sports aluminum sport pedals, leather-wrapped steering wheel with contrasting stitching and leather front bucket seats with red RS accents.

The EPA-estimated fuel economy rating of the vehicle is 27 mpg in the city and 34 mpg on highway.

The Sonic Dusk offers a ground effects package, rear spoiler, 18-inch aluminum wheels with a Midnight Silver matte finish and four-wheel disc brakes. The vehicle comes in Ashen Grey Metallic color with Ecotec 1.4L turbocharged engine, rated at 138 horsepower (103 kW). The EPA rating of the vehicle is 29 mpg in the city and 40 mpg on highway.

Currently, General Motors retains a Zacks Rank #2 (Buy). Other major automobile stocks worth considering are Ford Motor Co. (F), Honda Motor Co., Ltd. (HMC) and Daimler AG (DDAIF). All these stocks carry a Zacks Rank #2 (Buy).

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