General Motors Company (GM) Avoids Inventory Problem With New Silverado

Reuters reports that CEO Dan Akerson said:

We’re in the midst of a huge truck launch right now. We’ve produced tens of thousands of these new trucks. Initial cut is it’s probably our best launch ever. … I won’t tell you that we’re going to be flawless, but that’s what we’re going to strive for.

Bottom line
Of course I’ll take a biased statement from Akerson with a grain of salt, but thus far the Silverado launch does appear to be happening smoothly on the inventory side. It is yet to be seen how the new Silverado fares on the quality and recall side of the equation, but if it can pull it off smoothly it will be a huge win for General Motors Company (NYSE:GM) and its investors. The pressure will then be on Ford Motor Company (NYSE:F) to make sure that its 2015 F-150, which looks to be impressive, has a nearly flawless launch to make up lost ground. Things are heating up between crosstown rivals in the all-important full-size segment; investors would be wise to keep an eye on future developments.

The article GM Avoids Inventory Problem With New Silverado originally appeared on Fool.com and is written by Daniel Miller.

Fool contributor Daniel Miller owns shares of Ford and General Motors Company (NYSE:GM). The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford.

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