Ford Motor Company (F), General Motors Company (GM): Fortune 500 Update

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General Motors Company (NYSE:GM) is also bringing back two midsize truck models in a segment that Ford has entirely walked away from. In addition to the factors that are figured to increase revenue, it plans to undergo its largest portfolio refresh in company history. GM plans to shake things up with 90% of its models being replaced, redesigned, or refreshed by 2016 – a strategy that could significantly improve sales numbers.

Bottom line
This year both Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM)slid in the rankings, yet still remained juggernauts in the top 10. I think it’s very likely with the automotive market rebounding in the U.S., and China expanding rapidly, that both will jump up in the rankings in the years ahead.

This will be especially true if Ford has continued success with its new models and GM can lure back lost consumers with its fresh portfolio of vehicles. Both companies trade at seemingly attractive stock price valuations and still represent two of the Fortune 500’s strongest companies.

The article Detroit Automakers Slide in Fortune 500 originally appeared on Fool.com.

Motley Fool contributor Daniel Miller owns shares of Ford and General Motors. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford.

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