Shares of General Motors Company (NYSE:GM) ended Wednesday session in red amid volatile trading. The shares closed down -0.23 points or -0.74% at $30.71 with 12.90 million shares getting traded. Post opening the session at $30.79, the shares hit an intraday low of $30.49 and an intraday high of $30.87 and the price vacillated in this range throughout the day. The company has a market cap of $47.60 billion and the numbers of outstanding shares have been calculated to be 1.56 billion shares.
On Aug. 1, 2016 Grand Rapids, Mich.-based lifestyle company, The Mitten State (TMS), has partnered with General Motors to develop an exclusive new line of t-shirts inspired by the company’s iconic and vintage performance cars. The new premium t-shirts offer a modern shape, fit, and feature a vintage look that is revved up to celebrate the passion of auto-lovers in authentic and fashionable designs.
The partnership was formed as a unique way to help General Motors celebrate its rich vehicle heritage. Being auto-enthusiasts themselves, the owners at The Mitten State, Scott Zubrickas and Will Bransdorfer, gladly accepted the licensing opportunity.
“General Motors approached us with the idea and of course we were thrilled to be a part of it,” said Will Bransdorfer, co-owner of The Mitten State. “Being fans of vintage muscle cars ourselves, and with Michigan’s historic connection to the automotive industry, we knew it would be a perfect fit. It’s been a fun history lesson working with GM to explore their logo and photo archives, some of which haven’t seen the light of day for decades.”
Shares of The Coca-Cola Co (NYSE:KO) ended Wednesday session in red amid volatile trading. The shares closed down -0.17 points or -0.40% at $42.11 with 9.82 million shares getting traded. Post opening the session at $42.27, the shares hit an intraday low of $41.99 and an intraday high of $42.41 and the price vacillated in this range throughout the day. The company has a market cap of $117.92 billion and the numbers of outstanding shares have been calculated to be 4.32 billion shares.
On September 1, 2016 Gold Peak, known for its premium line of iced teas and coffee products that deliver home-brewed taste, announced that it will introduce new ready-to-drink tea lattes and coffees in the first quarter of 2017. The RTD tea latte segment is considered an emerging beverage category, while RTD coffees have enjoyed very strong growth over the past five years.
Gold Peak will join Illy in Coca-Cola’s burgeoning RTD coffee portfolio in the United States. Together, they will be part of a multi-brand strategy to give consumers a variety of great-tasting options, and help the company become a major player in a beverage category that continues to rise in popularity.
“Gold Peak has a passionate following of fans who love the ‘taste that brings you home,’” said Geoff Henry, Vice President Tea & Coffee for Coca-Cola. “We are excited to introduce new ways for people to enjoy the brand. Our new tea lattes and cold brew iced coffees will feature our signature high quality ingredients and distinct taste for a delicious pick-me-up anytime of the day.”
Gold Peak’s RTD teas and coffees will feature real milk and sugar in an array of tasty flavors.
A shining star in The Coca-Cola Company’s ever broadening portfolio of popular beverages, Gold Peak is one of the fastest-growing national iced tea brands. In 2014, it eclipsed $1 billion in annual sales for the first time, becoming the 20th Coca-Cola brand to do so.