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General Motors Company (GM)

  • Thu, Oct. 1, 3:04 PM
    • GM Canada (NYSE:GM) reports sales rose 2% to 24,960 units in September.
    • Models showing strong demand in Canada during September included Chevrolet Impala (+39%), Chevrolet Corvette (+48%), GMC Suburban (+220%), and Cadillac Escalade (+50%).
    • GM Canada sales are up 5.5% YTD.
    • Earlier today, GM reported strong sales growth and higher pricing in the U.S.
    | Thu, Oct. 1, 3:04 PM | 1 Comment
  • Thu, Oct. 1, 12:13 PM
    • New car prices rose 2.0% Y/Y to an average transaction price of $33,730, according to Kelley Blue Book.
    • Prices were 0.5% from the level seen in August.
    • The Detroit Three (GM, F, FCAU) led the way on pricing gains to make their impressive sales growth reported earlier today look even stronger. GM's average price was up 3.7% to $38,656. Ford came in with a 3.8% rise to $36,803. Fiat Chrysler's ATP was up 4.1% to $34,809.
    • A higher mix of passenger cars impacted pricing at Toyota. ATP +0.6% to $30,733.
    • Volkswagen (OTCQX:VLKAY) was the only major automaker with a drop in ATP, presumably impacted at the end of the month with its emissions cheating scandal. Next month could be even dicier for the German automaker.
    • Previously: Strong Jeep demand paces Fiat Chrysler in Sep. (Oct. 01 2015)
    • Previously: GM higher after powerhouse month of U.S. sales (Oct. 01 2015)
    • Previously: Ford swoops up U.S. market share in Sep. (Oct. 01 2015)
    | Thu, Oct. 1, 12:13 PM | 14 Comments
  • Thu, Oct. 1, 9:42 AM
    • General Motors (NYSE:GM) easily topped estimates for U.S. sales in September off broad sales strength across brands.
    • Sales by brand: Chevrolet +10.9% to 170,675; GMC +23.8% to 47,386; Buick +5% to 18,341; Cadillac +7.8% at 14,908.
    • Sales by model: Buick Encore +46% to 5,624; Chevrolet Cruze -24% to 14,032; Chevrolet Equinox +25% at 21,537; Chevrolet Silverado-C/K Pickup +7% to 53,725; Chevrolet Spark +17% to 2,371; Chevrolet Sonic +17% to 3,780; GMC Sierra +18% to 19,754; GMC Yukon +23% to 3,963; GMC Acadia +4% to 6,647.
    • GM's average transaction price during the month was up $800 Y/Y. Incentive spending down -1%.
    • YTD GM sales +4.2% to 2,299,847 units.
    • GM +1.3% in early trading.
    | Thu, Oct. 1, 9:42 AM | 27 Comments
  • Thu, Oct. 1, 9:35 AM
    • General Motors (NYSE:GM) unit sales +12.5% to 251,310 units to top the 6%-7% gain expected by analysts.
    • Retail sales were up 17% during the month.
    • Commercial sales and government sales were also higher.
    • The automaker ended the month with 67 days supply, compared to 63 days supply a month ago.
    • GM +1.63% in early trading.
    | Thu, Oct. 1, 9:35 AM | 9 Comments
  • Thu, Oct. 1, 7:45 AM
    • United Auto Workers union members reject a tentative contract offered by Fiat Chrysler (NYSE:FCAU), the first time a tentative national labor contract has been rejected by UAW members in 30 years.
    • UAW President Dennis Williams is scheduled to meet with hundreds of UAW local officials today in Warren, Mich., to discuss the union's next step and whether issues such as two-tier pay structure can be resolved if he were to return to bargaining with FCAU CEO Sergio Marchionne.
    • Williams had hoped to use a contract to wring higher payouts from the financially stronger Ford (NYSE:F) and GM, who already balked at the FCAU contract.
    | Thu, Oct. 1, 7:45 AM | 18 Comments
  • Wed, Sep. 30, 11:32 AM
    • UAW workers at Fiat Chrysler Automobiles (NYSE:FCAU) appear likely to reject the new four-year agreement hashed out with labor reps earlier this month.
    • Sources tell The Detroit Free Press that the voting came in strongly against ratifying the deal at key plants in Toledo and Sterling Heights. Not all the separate UAW votes have been counted yet.
    • If the UAW goes back to the negotiating table with Fiat, it will push talks with Ford (NYSE:F) and GM (NYSE:GM) further down the calendar.
    | Wed, Sep. 30, 11:32 AM | 34 Comments
  • Wed, Sep. 30, 8:28 AM
    • General Motors (NYSE:GM) gave a sneak peek at new advertisements for the next-gen plug-in hybrid Chevrolet Volt during a press event this week.
    • The automaker is taking dead aim at the Nissan Leaf on driving range and the Toyota Prius on battery technology in the spots.
    • A refreshed 2016 Volt will be sold on a limited basis in California and a few other states before a full national roll-out of the 2017 Volt begins next year.
    • The new Volt is expected to have an all-electric driving range of 53 miles and a combined gas/electric range of 420 miles.
    • EPA information on the 2016 Chevrolet Volt
    | Wed, Sep. 30, 8:28 AM | 9 Comments
  • Tue, Sep. 29, 7:17 AM
    • General Motors (NYSE:GM) aims to build more connectivity in its vehicles across brands, according to CEO Mary Barra.
    • Barra highlighted "hop, skip, and jump" features which would allow drivers to export their driving preferences across different cars through a smartphone app.
    • GM will launch its SuperCruise automated driving feature next year and continues to aggressively push 4G LTE services in new models.
    | Tue, Sep. 29, 7:17 AM | 6 Comments
  • Mon, Sep. 28, 7:40 AM
    • Kelley Blue Book forecasts new car sales in the U.S. will jump 11.9% Y/Y in September to 1.39M units. The KBB estimate marks the highest September sales volume since 2006 with a later Labor Day weekend providing a boost.
    • Forecasts by major manufacturers are posted below.
    • General Motors (NYSE:GM): +10.1% Y/Y to 246K units, market share of 17.7%.
    • Ford (NYSE:F): +14.2% to 205K, market share of 14.7%.
    • Toyota (NYSE:TM): +13.6% to 190K units, market share 13.7%.
    • Fiat Chrysler Automobiles (NYSE:FCAU): +10.7% to 188K units, market share of 13.5%.
    • Honda (NYSE:HMC): +14.2% to 135K units, market share 9.7%.
    • Nissan (OTCPK:NSANY): +2.7% to 116K units, market share 8.3%.
    • Hyundai/Kia (OTC:HYMLF): +12.7% to 114K, market share 8.2%.
    • Volkswagen/Audi(OTCQX:VLKAY): +7.8% to 48K, market share 3.5%. The Volkswagen emission scandal hit near the end of the month.
    | Mon, Sep. 28, 7:40 AM | 24 Comments
  • Wed, Sep. 23, 11:20 AM
    • General Motors (GM -0.6%) may cut capacity even further in South Korea if it can't increase the pace of sales in the region.
    • Any reduction in output by GM in the region would create a backlash from the strong South Korean labor unions.
    • The company is only running at 60% capacity at the moment due to soft demand.
    | Wed, Sep. 23, 11:20 AM | Comment!
  • Tue, Sep. 22, 11:03 AM
    • There's some anxiety with investors over Tata Motors (TTM -6.7%) and Fiat Chrysler Automobiles (FCAU -5.7%) after the Volkswagen emissions scandal.
    • Though neither company is accused of using "defeat devices" like VW to beat emissions testing, calls have increased in Europe for a broader probe into the industry.
    • Daimler (OTCPK:DDAIF) and BMW (OTCPK:BAMXY) fell 7.1% and 5.5%, respectively, in European trading.
    • Ford (F -3.6%), Toyota (TM -2.6%), Honda (HMC -2.5%), and General Motors (GM -2.5%) are also lower than broad market averages with global growth concerns adding significantly to the regulatory firestorm.
    • Previously: Volkswagen -35% in two-day drubbing after cheating scandal (Sep. 22 2015)
    • Previously: Volkswagen scandal weighs down auto parts sector (Sep. 22 2015)
    | Tue, Sep. 22, 11:03 AM | 58 Comments
  • Mon, Sep. 21, 9:03 AM
    • The cost of batteries for electric vehicles and hybrids is a major topic at the Frankfurt Motor Show where execs stressed the continued double-digit annual decline in cost per kilowatt.
    • Battery prices are down to a $300/kWh-$400/kWh range and are forecast to drop below $200/kWh by the end of the decade.
    • Analysts think a drop in battery prices to $100 kWh is necessary to help the EV industry compete at a comparable scale to gas-powered models.
    • Talk will fade into hard numbers as Nissan (OTCPK:NSANY), Tesla Motors (NASDAQ:TSLA), and General Motors (NYSE:GM) produce their new electric vehicles in larger numbers.
    | Mon, Sep. 21, 9:03 AM | 96 Comments
  • Mon, Sep. 21, 7:28 AM
    • The accusations over Volkswagen deliberately hiding software in diesel cars to defeat emissions testing continues to rock the industry.
    • Evercore ISI drew the comparison of a back-street garage looking to get a used car through a vehicle inspection through a dirty move. Other investment firms agree that CEO Martin Winterkorn is a likely casualty from the scandal.
    • While major complications for Volkswagen are unavoidable, there could also be a broad impact on the push to increase the sale of diesel models in the U.S. General Motors (NYSE:GM), Ford (NYSE:F), BMW (OTCPK:BAMXY), and Mercedes-Benz (OTCPK:DDAIF) are active in the U.S. diesel market.
    • Shares of Volkswagen (OTCQX:VLKAY) are down over 20% today in Frankfurt trading.
    • Previously: The EPA accuses Volkswagen of Clean Air Act violations (Sep. 18 2015)
    • Previously: Volkswagen orders probe into EPA emissions violations (Sep. 20 2015)
    | Mon, Sep. 21, 7:28 AM | 41 Comments
  • Mon, Sep. 21, 7:01 AM
    • Execs with Cadillac (NYSE:GM) are mulling over a significant upgrade to its Escalade model to put it into direct competition with Rolls-Royce, Bentley, and Maserati in the +$100K market.
    • Market research suggests demand will stretch out into the higher price points.
    • Escalade sales in the U.S. are up 25% YTD.
    | Mon, Sep. 21, 7:01 AM | 18 Comments
  • Sun, Sep. 20, 11:03 AM
    • HP (NYSE:HPQ) recently announced that it would cut around 30K jobs, but despite its size, the corporate layoffs are not the largest of the recent past.
    • According to outplacement firm Challenger, Gray & Christmas, the following list can claim that distinction.
    • IBM (NYSE:IBM) layoffs: 60K - July 1993
    • Citigroup (NYSE:C) layoffs: 50K - November 2008
    • Sears (NASDAQ:SHLD) layoffs: 50K - January 1993
    • General Motors (NYSE:GM) layoffs: 47K - February 2009
    • AT&T (NYSE:T) layoffs: 40K - January 1996
    • Ford (NYSE:F) layoffs: 35K - January 2002
    • Kmart (SHLD) layoffs: 35K - January 2003
    • Circuit City layoffs: 34K - January 2009
    • Boeing (NYSE:BA) layoffs: 31K -September 2001
    • Bank of America (NYSE:BAC) layoffs: 30K - September 2011
    | Sun, Sep. 20, 11:03 AM | 66 Comments
  • Fri, Sep. 18, 12:26 PM
    | Fri, Sep. 18, 12:26 PM | 301 Comments
GM vs. ETF Alternatives
Company Description
General Motors Company designs, builds and sells cars, trucks and automobile parts. The Company also provides automotive financing services through General Motors Financial Company, Inc.