Auto Industry Stocks to Watch: Toyota Motor Corp (NYSE:TM) and General Motors Company (NYSE:GM).
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Toyota Motor Corp (NYSE:TM) recently revealed that three of the executive vice presidents, who were not appointed by the President of the company, are going to retire.
The automaker is going to divert its attention towards emerging and developing sectors of the world while three outsiders, including former General Motors Co. (NYSE:GM) Vice President Mark Hogan, who is acquainted with Toyota when he was working with a U.S. joint venture more than a decade ago, will join in the board.
What Are TM’s Charts Signaling for Traders? Find Out Here
According to Edwin Merner, president of Atlantis Investment Research Corp. in Tokyo, this change is just an important stage of the long term plan of Toyota. He added that this decision is indeed a good one for the automaker.
Should TM be a Buy or Sell Now? Find Out Here
General Motors Company (NYSE:GM) on the other hand, is planning to open its US information technology center, in order to improve itself on the scales of effectiveness and efficiency. This plan is supposedly programmed to enhance the productivity of the company as well.
Can GM Show a Strong Recovery? Find out in This Research Report
The company said that they would be looking to recruit 1000 employees that will include software developers, database experts and business analysts, so that they can staff their facility located in close proximity to Phoenix, Arizona.
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