CHICAGO North America
continues to be a growth market for General Motors Co.,
chairman and chief executive officer Daniel F. Akerson said
during the automakers first-quarter earnings conference
"This was a solid quarter for
GM, and we are much more of a formidable competitor now than we
have been in more than a generation," Akerson said. "We
increased our global market share to 11.4 percent, with
(realized) gains in North America, Europe and international
U.S. dealer inventory totaled
744,000 vehicles at the end of the first quarter, up from a
year earlier due to recently launched vehicles in new segments,
senior vice president and chief financial officer Daniel Ammann
Detroit-based GM has launched
two new full-sized pickup trucksthe 2014 Chevrolet
Silverado 1500 and the 2014 GMC Sierra 1500and expects to
ramp up the new K2XX pickup truck platform during second and
"On a two-shift basis,
were running (North American facilities) at about 100
percent," Akerson said. "As we think about (future) U.S.
industry sales at 16.5 million to 17 million (vehicles), we
would expect to build and meet that by increasing the number of
our facilities on three shifts."
GM has eight facilities, or 50
percent of its plants, on three shifts now, so it could still
double the number of operations running 24/7. "Our expectation
is to run at a 120- to 130-percent utilization rate going
forward (on a two-shift basis), or closer to 100 percent on a
three-shift basis," Akerson said.
GM and other automakers have
reported consistently strong pickup and SUV sales this year (
amm.com, May 2).