General Motors (NYSE:GM) CEO Dan Akerson struck an optimistic note on Wednesday, predicting that the American auto market will remain strong for at least another four to five years, Reuters is reporting. Pent-up demand will spread out over that time frame, as drivers move to replace their aging vehicles, and many were unable to do so during the financial flatline. ”There’s this underlying strength that may go for the next four or five years until we get it back to eight, nine (year) range of average age of the car …” in the United States, Akerson said on the CNBC cable news channel. The average age for a vehicle right now is 11 years, an all-time high.
These institutional firms indicated owning shares of General Motors in Q1 2013. They reported owning a total of 108,364 shares on 03/31/2013. The shares closed at $27.82 on 03/31/2013.
Here are the ten largest positions in General Motors Corporation at the end of March 31st, 2013.
Abner, Herrman & Brock LLC held 44,104 shares on 03/31/2013 worth $1,227,000. This brought the portfolio total to 0.57%.
BB&T Corp. held 20,251 shares on 03/31/2013 worth $563,000. This brought the portfolio total to 0.02%.
Fulton Bank N.A. held 7,839 shares on 03/31/2013 worth $218,000. This brought the portfolio total to 0.03%.
Capital Research Global Investors held 80,550,250 shares on 12/31/2012 worth $2,322,263,701. This brought the portfolio total to 1.11%.
JPMorgan Chase & Co. held 34,574,505 shares on 12/31/2012 worth $996,782,977. This brought the portfolio total to 0.35%.
Berkshire Hathaway Inc. held 25,000,000 shares on 12/31/2012 worth $720,749,998. This brought the portfolio total to 0.96%.
Vanguard Group Inc. held 23,170,059 shares on 12/31/2012 worth $667,992,799. This brought the portfolio total to 0.08%.
T. Rowe Price Associates Inc. held 21,886,425 shares on 12/31/2012 worth $630,985,631. This brought the portfolio total to 0.19%.
Greenlight Capital Inc. held 21,172,063 shares on 12/31/2012 worth $610,390,575. This brought the portfolio total to 9.56%.
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