General Motors Company (NYSE:GM) is apparently expanding its workforce in the Detroit-Hamtramck assembly plant by increasing 200 new workers. The decision comes in the wake of surging demand previous to the beginning of the production of 2013 Chevrolet Malibu.
At present, the assembly plant employs around 1,350 people. Around 1,200 employees job on hourly basis and the other are 150 General Motors' salaried employees. The plant at current operates on a shift basis which involves working for ten hours a day and 4 days a week.
Moving readers toward the broader market, let's consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Ford Motor Company (NYSE:F) surged +0.09% with highest volume gainer in sector, Tata Motors Limited (ADR) (NYSE:TTM) grew +0.08%, Toyota Motor Corporation (ADR) (NYSE:TM) slipped -0.52%, Honda Motor Co Ltd (ADR) (NYSE:HMC) dropped -0.87%, Tesla Motors Inc (NASDAQ:KNDI) which also decreased -1.68% and Kandi Technologies Corp. (NASDAQ:KNDI) moved up +3.81%.