Marcio Alaor of BMG Analyzes the Performance of Different Automaker Companies
Recently, the stock market has started attracting more members of the auto industry such as Volkswagen despite speculations and scandals. Marcio Alaor, an executive of the Banco de Minas Gerais (BMG) gave an overview of the key automakers in the stock market. He said that General Motor was among the first firms to go public after marking a century of its Initial Public Offering (IPO). Currently, the firm has a market value of around $53.52 billion. Ford floated its initial public offer in 1956. The company made the greatest initial public offer of $600 million. An Initial Public Offering allows a company to raise funds and capital investment from the public thus enabling the organization to enhance its strategic projects. Once the IPO is successful, a corporation can start trading with individuals, private investors and institutional investors.
Through the IPO process, a private company is converted to a public entity by virtue of inviting the public to subscribe to its shares. Marcio asserts that when Ferari had floated its IPO, its stocks registered an impressive increase of 5%. This increase saw an augmentation in Ferari’s market value to $10 billion. Exame Magazine documented the performance data of the major automakers alongside their IPOs.
The value of shares and the performance in the stock market for the major companies were documented. Some of the companies that Marcio documented are discussed below. Ford Motors had a performance of -10% while General motors’ had a performance of 0%. In terms of the value of each share, Ford had $ 13.95 while General Motors had a value of $34.77. Honda had a performance of +12% while Toyota had a -18%. The companies reported 3952 yen and 1256 yen in their respective share values.
Marcio Alaor is the vice president of BMG. He was born and raised in the town of Santo Antonio do Monte. During his formative years, Marcio took up a job as a cobbler so that he could take care of his family. However, he has not forgotten where he was born and raised because been quite instrumental in enhancing different economic activities for the community.
Recently, he was honored during the 33rd annual Santo Antonia do Monte agricultural exhibition. During the ceremony, a food court was opened and named after him. He also received a plaque. His attributes were captured in the plaque. Marcio is regarded as a hard working man. Over the years, he has been able to overcome a number of barriers and hardships, which have enabled him, reach at the summit of his career.