General Motors Company (GM) - NYSE
  • May 1, 2015, 9:39 AM
    • General Motors (NYSE:GM) unit sales -5.9% to 269,056, level with a forecast from TrueCar.
    • The automaker's retail sales increased 5% during the month, while commercial and fleet sales were up by 8%.
    • The automaker ended the month with 72 days supply, compared to 76 days supply a month ago.
    | May 1, 2015, 9:39 AM | 2 Comments
  • Apr. 30, 2015, 11:38 AM
    • General Motors (GM -0.5%) confirms it will spend $5.4B over three years to beef up its U.S. plants.
    • The company disclosed investments in three plants in Michigan, but didn't provide details yet for $4.6B of the investment.
    • Naturally, the UAW is full of approval on GM's announcement after watching Mexico land several major automaker investments.
    • Previously: General Motors to announce major plant investment (Apr. 29 2015)
    | Apr. 30, 2015, 11:38 AM | 1 Comment
  • Apr. 30, 2015, 11:08 AM
    • A 25-page thesis from Fiat Chrysler Automobiles titled "Confessions of Capital Junkie" presents the case that automakers need to consider consolidating through mergers.
    • The automobile industry is set up for failure unless costs from R&D and regulatory changes can be shared on a larger scale, according to the company.
    • "Capital consumption rate by OEMs is unacceptable—it is duplicative, does not deliver real value to consumers and is pure economic waste," reads the presentation.
    • There's even a slide with a quote from Alice in Wonderland to hammer home the automaker's main points on the need for M&A.
    • Today, Ford CEO Mark Fields told CNBC the company isn't looking for a merger within the auto space. Similar comments have been made by execs with General Motors, Nissan, and Toyota in the recent past.
    • FCA's industry analysis (.pdf)
    • Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF, OTCPK:MZDAY, TSLA.
    | Apr. 30, 2015, 11:08 AM | 31 Comments
  • Apr. 29, 2015, 5:35 PM
    • General Motors (NYSE:GM) will announce a new series of investments for plants in the U.S. tomorrow at a media event, according to Detroit Free Press.
    • The planned outlay is reported to be several billion dollars.
    • A new $1.3B SUV facility being considered for Arlington, Texas is not one of the targets of the investment.
    • Last year, GM used about 87% of its plant capacity in the U.S.
    | Apr. 29, 2015, 5:35 PM
  • Apr. 27, 2015, 12:57 PM
    • TrueCar estimates U.S. car sales will rise 6.1% Y/Y in April to 1.475M units.
    • Strong demand is expected to be reported in the crossover, SUV, and pickup truck segments. Incentive spending is seen increasing 0.6% Y/Y to $2,601 per unit. April U.S. forecasts from TrueCar by automaker are listed below.
    • Fiat Chrysler Automobiles (NYSE:FCAU): +10.6% to 198.6K units, market share +60 bps Y/Y to 13.5%.
    • Ford (NYSE:F): +6.2% to 223.3K units, market share flat at 15.1%.
    • General Motors (NYSE:GM): +5.9% to 269.1K units, market share -10 bps Y/Y to 18.3%.
    • Honda (NYSE:HMC): +1.9% to 135K units, market share -30 bps Y/Y to 9.2%.
    • Hyundai (OTC:HYMLF): -5.8% to 62.3K units, market share -60 bps to 4.2%.
    • Kia (OTC:HYMLF): +7.9% to 57.9K units, market share flat at 3.9%.
    • Nissan (OTCPK:NSANY): +8.7% to 113K units, market share +20 bps Y/Y to 7.7%.
    • Subaru (OTCPK:FUJHY): +23.5% to 49.5K units, market share +50 bps Y/Y to 3.4%.
    • Toyota (NYSE:TM): +3.4% to 206.4K units, market share -40 bps Y/Y to 14.0%.
    • Volkswagen (OTCQX:VLKAY): -4.7% to 48.4K units, market share -40 bps Y/Y to 3.3%.
    | Apr. 27, 2015, 12:57 PM | 73 Comments
  • Apr. 27, 2015, 11:18 AM
    • General Motors (GM +0.8%) provided an update from its ignition compensation facility.
    • The automaker has processed and approved 90 death claims and 163 injury claims.
    • Just three weeks ago, the tally stood at 80 death claims and 148 injury claims.
    • During GM's earnings call last week execs noted the company was on target with the expected run rate of free cash flow for recall expenses - a category which includes more than compensation payments.
    • GM earnings call transcript
    • GM ignition compensation update (.pdf)
    | Apr. 27, 2015, 11:18 AM
  • Apr. 24, 2015, 8:25 AM
    | Apr. 24, 2015, 8:25 AM | 5 Comments
  • Apr. 23, 2015, 8:14 AM
    • General Motors (NYSE:GM) missed earnings estimates after Q1 results in parts of Europe and Brazil acted as a drag.
    • EBIT-adjusted totals by operating segment: GM North America +$2.182B, GM Europe -$239M, GM International +$371M, GM South America -$214M, GM Financial +$214M.
    • The automaker reported its total global market share fell 10 bps to 11.0% with one of the biggest slips in the U.S. cars category.
    • North America capacity utilization stood at 100.5% at the end of the quarter vs. 104.4% a year ago.
    • Recall and restructuring costs were also a factor during the quarter.
    • GM backed its previous guidance with the Q1 report.
    • Previously: General Motors slides 3.1% on earning miss
    • GM -3.23% premarket to $35.96.
    | Apr. 23, 2015, 8:14 AM | 4 Comments
  • Apr. 23, 2015, 7:41 AM
    • General Motors (NYSE:GM): Q1 EPS of $0.86 misses by $0.11.
    • Revenue of $35.7B (-4.6% Y/Y) misses by $1.91B.
    • Shares -3.1% PM.
    | Apr. 23, 2015, 7:41 AM | 14 Comments
  • Apr. 22, 2015, 5:30 PM
    | Apr. 22, 2015, 5:30 PM | 2 Comments
  • Apr. 22, 2015, 2:29 PM
    • 22% of hybrid and electric car owners making a trade-in this year opted to go for a SUV, according to data from Edmunds.com
    • The mark stood at 18.8% a year ago and 11.9% three years ago.
    • The rate at which hybrid and EV car owners bought another green car fell below 50%.
    • Edmunds.com connects the dots to conclude that the level of gas prices in the U.S. was a primary factor in the trade-in trend.
    • The break-even point for higher-priced EVs lengthens as gas prices fall.
    • Automobile industry analysts think the trend could snap back just as quick with an energy market shock.
    • YTD U.S. plug-in sales are up ~2.9%.
    • Related stocks: OTCPK:NSANY, TM, HMC, GM, F, TSLA.
    | Apr. 22, 2015, 2:29 PM | 50 Comments
  • Apr. 21, 2015, 9:22 AM
    • General Motors (NYSE:GM) reports it sold 2.4M vehicles in Q1.
    • The volume mark is 2% higher than a year ago and was led by gains in China (+9%) and North America (+6%).
    • The GMC and Buick brands were standouts during the quarter with sales growth of 15% and 8% respectively during the quarter.
    • GM +0.78% premarket to $37.40.
    | Apr. 21, 2015, 9:22 AM | 1 Comment
  • Apr. 20, 2015, 3:37 PM
    • General Motors (NYSE:GM) is a new long position at Greenlight Capital.
    • The hedge fund thinks GM is set to top EPS estimates this year with buybacks and strong demand providing a tailwind.
    • Shares of GM are up 1.31% on the day.
    | Apr. 20, 2015, 3:37 PM | 3 Comments
  • Apr. 20, 2015, 2:49 AM
    • Shanghai GM, a joint venture between General Motors (NYSE:GM) and China's SAIC Motor, plans to spend 100B yuan ($16B) over the next five years developing new vehicles.
    • "In terms of new energy, we are keen on power efficiency...and are ardent to go electrical throughout our portfolio," Shanghai GM President Wang Yongqing said on Sunday.
    • With the investment, the automaker expects to seize at least 10% of the Chinese market by creating around 10 new or upgraded models a year through 2020.
    | Apr. 20, 2015, 2:49 AM | 4 Comments
  • Apr. 18, 2015, 9:48 AM
    • The roll-out of 4G LTE high-speed wireless connections in all 2016 General Motors (NYSE:GM) models could provide the automaker with new sources of revenue and jump-start tech initiatives of rivals.
    • GM sees OnStar 4G leading to e-commerce revenue from transaction splits (fast-food, hotel rooms, entertainment, advertising), services, and data usage.
    • Software upgrades pushed out via broadband connections could also save GM money on repair and warranty costs.
    • While execs with GM estimate OnStar will generate $350M in profit over the next three years, some analysts have aimed much higher with their projections.
    • Gartner sees 10% of all revenue from the automobile industry generated from connected broadband platforms by 2020 - a formidable mark which explains the increasing presence of Apple and Google in the sector.
    • Partnerships between Silicon Valley and Detroit are expected to accelerate.
    • GM sits in a nice position to defend its turf against the tech heavyweights through its valuable OnStar property - while BMW (OTCPK:BAMXY), Audi (OTCQX:VLKAY), Nissan (OTCPK:NSANY), and Tesla Motors (NASDAQ:TSLA) are also a few steps away from Internet-based revenue streams.
    • Other companies which might benefit to a degree from a connected car explosion: MBLY, NVDA, AMBA, SWKS,SBUX, DPZ, T - add your own in the comments.
    | Apr. 18, 2015, 9:48 AM | 44 Comments
  • Apr. 16, 2015, 8:57 AM
    • Opel (NYSE:GM) car registrations -1.0% to 119,053 units in March, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +10.6% Y/Y in March, powered by double-digit growth in Spain, Italy, and France. YTD registrations +8.6%.
    • Opel market share: 7.2% vs. 8.1% a year ago.
    • Opel YTD registrations -3.6%.
    • Results include the Opel, Vauxhall, Chevrolet, and other GM brands.
    • EAMA release (.pdf)
    | Apr. 16, 2015, 8:57 AM | 3 Comments
Company Description
General Motors Co. engages in the business of design, manufacturing and sale of cars, trucks and automobile parts worldwide. It operates through four segments: GM North America, GM Europe, GM International Operations and GM South America. The GM North America segment sells vehicles under the... More
Industry: Auto Manufacturers - Major
Country: United States