General Motors Company(GM)- NYSE
  • Today, 3:08 PM
    | Today, 3:08 PM | 6 Comments
  • Sat, Aug. 27, 11:16 AM
    • Volkswagen (OTCPK:VLKAY) plans to unveil an electric vehicle at the Paris Motor Show which will get 300 miles of driving range off a single 15-minute charge.
    • Though the selling specification might only be limited to available charging infrastructure with the required voltage, it's still a significant marketing point from the world's largest automaker.
    • Reports indicate the Golf model-sized EV will arrive in late 2018 or early 2019.
    • Earlier this summer as part of its Diesel scandal reset, Volkswagen announced a target to have 30 new EV models by 2025.
    • More than 24 new EV models are due to showcased at the Paris Motor Show in October at last check, including highly-anticipated looks at new EV models from Mercedes-Benz (OTCPK:DDAIF) and the European version of the Chevy Bolt (NYSE:GM) with the Ampera-E debut.
    • All the EV buzz is sure to factor in to how investors gauge long-term demand for Tesla Motors (NASDAQ:TSLA) with the Model S, Model X, Model 3, and beyond.
    • An interesting side note is that Ford (NYSE:F) is skipping the Paris event. The Detroit player's launch schedule didn't justify the cost and its long-term autonomous vehicle strategy is just now being mapped out.
    | Sat, Aug. 27, 11:16 AM | 151 Comments
  • Fri, Aug. 26, 9:43 AM
    • Edmunds.com projects new car sales in the U.S. will increase in August to 1,553,508 units, up 1.1% M/M and down 2.5% Y/Y. The mark is high enough to keep the U.S. auto industry on pace for a record year by volume.
    • Forecasts by major manufacturers are posted below.
    • General Motors (NYSE:GM): -5.7% Y/Y to 255.151K units, market share of 16.6%.
    • Toyota (NYSE:TM): +1.9% to 218.237K units, market share 14.2%.
    • Ford (NYSE:F): -9.8% to 210.923K, market share of 13.8%.
    • Fiat Chrysler Automobiles (NYSE:FCAU): +0.6% to 202.783K units, market share of 13.2%.
    • Honda (NYSE:HMC): +2.5% to 159.309K units, market share 10.4%.
    • Hyundai/Kia (OTC:HYMLF): +1.2% to 132.475K, market share 8.6%.
    • Nissan (OTCPK:NSANY): -1.5% to 131.3579K units, market share 8.6%.
    • Volkswagen/Audi (OTCPK:VLKAY): -8.7% to 46.68K, market share 3.0%.
    | Fri, Aug. 26, 9:43 AM | 18 Comments
  • Thu, Aug. 25, 5:23 PM
    • A Texas jury finds that a General Motors (NYSE:GM) ignition switch was not to blame for a 2011 accident that killed one driver and injured another, in the company’s third trial win this year in ignition cases.
    • The plaintiff claimed he lost power steering and power brakes when his ignition switch jiggled off, causing him to smash into the oncoming truck; GM told jurors the accident was caused by the plaintiff's reckless speeding on a rain-slick road.
    • Hundreds of ignition switch claims remain, prompted by GM’s recall of millions of vehicles for a flaw ultimately linked to hundreds of deaths and injuries.
    | Thu, Aug. 25, 5:23 PM | 18 Comments
  • Thu, Aug. 25, 8:28 AM
    • Singapore became the first country in the world to offer a self-driving taxi service with the targeted launch of nuTonomy. A full roll-out of an autonomous taxi service across the nation is expected as early as 2018.
    • While self-driving cars from Google (GOOG, GOOGL), Baidu (NASDAQ:BIDU), and others have been out testing on the roads for the last few years, nuTonomy's service is the first commercial application of the nascent technology open to public use. Uber (Private:UBER) plans to test self-driving cars in Pittsburgh next month.
    • NuTonomy will use human drivers as backups in the initial roll-out of the Renault (OTC:RNSDF, OTCPK:RNLSY) Zoe and Mitusubishi (OTCPK:MMTOF) i-MiEV taxis before moving to full autonomy.
    • Other companies with autonomous vehicles on their radar include Mobileye (NYSE:MBLY), Delphi Automotive (NYSE:DLPH), Volvo (OTCPK:GELYF), Ford (NYSE:F), Tesla Motors (NASDAQ:TSLA), Toyota (NYSE:TM), Hertz Global (NYSE:HTZ), Avis Budget (NASDAQ:CAR), Nissan (OTCPK:NSANY), BMW (BAMXY), Intel (NASDAQ:INTC), Honda (NYSE:HMC), FedEx (NYSE:FDX), Lyft (Private:LYFT), and General Motors (NYSE:GM) to name just a partial list -- although analyzing which stocks may benefit from a future of a mix of self-driving cars on the road is a tricky business.
    • Previously: Scientists warn on self-driving car rush (July 8)
    • Previously: Self-driving car push adds a little buzz for restaurants (Aug. 6)
    | Thu, Aug. 25, 8:28 AM | 103 Comments
  • Mon, Aug. 22, 9:03 AM
    • Amazon Prime members in the Los Angeles area can have a Hyundai (OTC:HYMLF) Elantra brought to them for a test drive in a new promotion.
    • It's one of the first attempts of the on-demand test drive concept in the U.S. and an intriguing push by Amazon (NASDAQ:AMZN) to see if it could shake things up in the automobile industry.
    • The company is well-positioned to be used as a selling channel with 63M members now signed up for Prime.
    • Last week, Hyundai announced that it would feature Amazon Alexa in its luxury Genesis model.
    • Related auto stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, BAMXY, TTM, TSLA, AN, KMX, SONC.
    • Hyundai press release
    | Mon, Aug. 22, 9:03 AM | 21 Comments
  • Mon, Aug. 22, 7:24 AM
    • General Motors (NYSE:GM) plans to cut hours at two Opel plants in Germany to help counterbalance the impact of Brexit. Details on the planned action weren't disclosed.
    • GM CFO Chick Stevens says reduced manufacturing levels and model prices increases are other options being considered for Opel with an eye on profitability.
    | Mon, Aug. 22, 7:24 AM
  • Fri, Aug. 19, 4:38 PM
    • Ride-hailing firm Lyft (Private:LYFT) -- reported to have turned down a takeover from General Motors (NYSE:GM) -- has held sales talks with with a wide number of companies, also including Apple, Google, Amazon.com, Uber and China's Didi Chuxing, The New York Times reports.
    • All those overtures resulted in no deal, the NYT says -- mainly due to cost. Lyft was valued at $5.5B after a January investment round, and a sale would have to come at a premium to that.
    • Tech publisher The Information reported that Lyft turned down GM in their talks. The NYT says its sources said GM never made a written offer to buy the ride-sharing firm.
    • Lyft was set to pursue a new funding round, and it has $1.4B in cash, giving it cushion to continue as an independent entity.
    | Fri, Aug. 19, 4:38 PM | 5 Comments
  • Tue, Aug. 16, 2:07 PM
    | Tue, Aug. 16, 2:07 PM | 206 Comments
  • Tue, Aug. 16, 9:35 AM
    • Ford (NYSE:F) says it will make an announcement at 2:00 p.m. EDT to discuss the company's expanding presence in Silicon Valley and autonomous vehicle development.
    • The automaker will also host a conference call with analysts at 4:00 p.m. to discuss its smart mobility ambitions. The roster of Ford execs on the call include global development and technology heavyweights.
    • Earlier today on CNBC, CEO Mark Fields joined the group of leaders predicting a seismic change in the automobile industry.
    • "Our view is autonomous vehicles could have just as much [of an] impact on society as Ford's moving assembly line did 100 years ago," Fields noted. In an important revelation, Fields says more customers are telling the company that they are interested in the autonomous driving option -- an anecdote that  runs counter to the view of some that drivers don't want to give up the wheel (partially or fully).
    • Field hinted that the scheduled autonomous announcement for today will be significant. It's a development that could have some bearing on the self-driving plans of General Motors (NYSE:GM), Audi (OTCPK:VLKAY), Tesla Motors (NASDAQ:TSLA), Nissan (OTCPK:NSANY), and Toyota (NYSE:TM). Lyft (Private:LYFT) and Uber (Private:UBER) are also feeling their way around the autonomous driving landscape. Plenty of auto suppliers such as Mobileye (NYSE:MBLY), Autoliv (NYSE:ALV), BorgWarner (NYSE:BWA), Tenneco (NYSE:TEN), Dana (NYSE:DAN), STMicroelectronics (NYSE:STM), and Delphi Automotive (NYSE:DLPH) will also be listening intently to details on Ford's plans.
    • Previously: Ford pushes the accelerator on autonomous vehicles (Aug. 16)
    | Tue, Aug. 16, 9:35 AM | 141 Comments
  • Tue, Aug. 16, 4:48 AM
    • A Texas judge has thrown out a lawsuit against General Motors (NYSE:GM) from a woman who blamed a 2012 car crash on a faulty ignition switch that later prompted the company to recall 2.6M vehicles.
    • The order came in a case that GM had selected as the second test trial amid 20 similar cases in that state court over the ignition switch.
    • The first bellwether trial, picked by plaintiffs' lawyers, began last week.
    | Tue, Aug. 16, 4:48 AM | 1 Comment
  • Sat, Aug. 13, 11:48 AM
    • Automobile deliveries in China soared 26% Y/Y to 1.6M units in July, according to the China Passenger Car Association. The pace of sales was the highest in over 40 months, although it came against a weak comparable from a year ago.
    • Car deliveries in China are up 11% since the government lowered the tax on small vehicles to 5%.
    • Demand for SUVs and crossovers remained strong, with deliveries up 47% to over 580K. Domestic automakers posted strong growth during the month, led by Guangzho Automobile (+37%), Geely Automobile Holdings (+72%), and Great Wall Motors (+49%).
    • EV watch: A new proposal in China aims to boost EV sales by forcing automakers to produce more electric cars or purchase carbon credit offsets from peers. If Beijing grants final approval, the new rules will replace direct subsidies that are set to expire by 2020. On the production front, LeEco announced plans this week for a $1.8B plant in China capable of producing 400K electric vehicles a year. The online video giant is also a backer of Faraday Futures, the somewhat mysterious EV startup out of California. In Japan, execs with Toyota and Nissan continue to drop hints on a strategy to focus on cheaper EVs.
    • Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BMWYY, GM, OTC:GNZUF, OTC:GNZUY, TSLA, F, OTCPK:NSANY, TM.
    | Sat, Aug. 13, 11:48 AM | 121 Comments
  • Fri, Aug. 12, 6:21 PM
    • Ride-sharing pioneer Lyft (Private:LYFT) has spurned takeover talk from General Motors (GM -0.6%), a report says, and instead will head toward a new funding round.
    • Tech publisher The Information reported that Lyft -- which got a $500M infusion from GM in January -- said no to a strategic deal with its bigger partner, and had solicited other potential strategic acquirers before deciding to pursue a new funding round.
    • Lyft had hired Qatalyst Partners as an adviser in June and its president, John Zimmer, told Reuters that the company had several advisers talking to it about options.
    | Fri, Aug. 12, 6:21 PM | 44 Comments
  • Fri, Aug. 12, 2:21 AM
    • General Motors (NYSE:GM) is seeking a rehearing of an appeals court ruling that exposes it to hundreds of potential lawsuits and some $10B in liabilities from faulty ignition switches.
    • Lawyers for the nation's largest automaker said the court made two "fundamental errors" when it last month ruled against the company's efforts to use its 2009 bankruptcy to shield itself from the litigation.
    | Fri, Aug. 12, 2:21 AM | 7 Comments
  • Wed, Aug. 10, 9:46 AM
    • Powerful Canadian union group Unifor begins contract talks with the Detroit Three today in what will be a closely watched development. The existing contract expires on September 19.
    • Auto workers in Canada already make more than their U.S. counterparts before F/X swings are factored in which is one of the reason some jobs have gone to Mexico.
    • General Motors (GM +0.2%), Ford (F +0.2%), and Fiat Chrysler Automobiles (FCAU +0.7%) are expected to ask for a variable compensation model with a profit-sharing component - while Unifor pushes for production commitments.
    • Some economists anticipate that the crucial labor negotiations could end up having broad economic ramifications in Canada.
    • Related ETFs: FXC, EWC, FCAN, QCAN, HEWC.
    | Wed, Aug. 10, 9:46 AM | 24 Comments
  • Tue, Aug. 9, 1:17 PM
    • General Motors (GM +0.9%) is in court today as its third ignition switch trial begins.
    • Though the company prevailed in the first two, it faces a bigger challenge in the Houston case with an unanimous verdict not needed by the plaintiff. Juries in Texas are also known for making large awards.
    • The civil cases filed against GM are from victims who in many cases turned down offers from the GM ignition switch compensation fund.
    | Tue, Aug. 9, 1:17 PM
Company Description
General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks, and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. It operates through the following automotive segments: GM North America, GM Europe, GM... More
Industry: Auto Manufacturers - Major
Country: United States