General Motors Company (GM) - NYSE
  • Feb. 6, 2014, 7:44 AM
    • General Motors (GM) comes up well-short of analyst estimates for profit in Q4.
    • GM North America saw a EBIT-adjusted mark of $1.9B for the quarter, but Europe saw a loss and South America was flat.
    • The automaker says it's in "execution" mode now after going through a period of reducing capacity in key regions.
    • GM says it year-end pension obligation of $99B was about 80% funded.
    • GM -3.5% premarket
    | Feb. 6, 2014, 7:44 AM | 6 Comments
  • Feb. 6, 2014, 7:35 AM
    • General Motors Company (GM): Q4 EPS of $0.67 misses by $0.20.
    • Revenue of $40.5B (+3.1% Y/Y) misses by $390M.
    | Feb. 6, 2014, 7:35 AM | 7 Comments
  • Feb. 6, 2014, 7:10 AM
    • Chevrolet (GM) showcases its 2015 City Express van today at the Chicago Auto Show.
    • The new model is aimed at small business owners and other commercial customers.
    • The small van segment has been dominated by the Ford Transit Connect in the recent past.
    | Feb. 6, 2014, 7:10 AM
  • Feb. 6, 2014, 12:05 AM
  • Feb. 5, 2014, 5:30 PM
    | Feb. 5, 2014, 5:30 PM | 1 Comment
  • Feb. 5, 2014, 12:28 PM
    • General Motors (GM -1.4%) and Isuzu Motors (ISUZF) will funnel $60M into a joint venture to upgrade diesel engine technology.
    • The automakers will make the investment with a goal to help their diesel vehicles meet future emission standards.
    | Feb. 5, 2014, 12:28 PM
  • Feb. 4, 2014, 3:06 PM
    • IHS Automotive forecasts global electric vehicle production will increase 67% this year as a number of major automakers (DDAIF, BAMXY, TTM, HYMLF) enter the category (EV and plug-in hybrids) or try new markets.
    • Europe will account for 40% of all EV production, followed by Asia at 30% and the U.S. with 27%, according to IHS.
    • Three EV trends to watch: 1) Automakers (NSANY, TM, GM) needed a high level of incentives to spur electric car demand in the U.S. last year. Will 2014 be any different? 2) Demand in China for EVs could soar if the government keeps instituting mandates to lower pollution in major cities. 3) The war of words between Tesla (TSLA) and Toyota (TM) on electric batteries vs. hydrogen could intensify late in the year as the much-hyped Toyota FCV debut gets closer.
    | Feb. 4, 2014, 3:06 PM | 24 Comments
  • Feb. 4, 2014, 2:52 PM
    • General Motors (GM +1.3%) will lose two board members this year, according to a new SEC filing.
    • David Bonderman won't seek election at the company's annual meeting in June, while Robert Krebs will step down before the meeting as his age hits a retirement threshold.
    • SEC Form 8-K
    | Feb. 4, 2014, 2:52 PM
  • Feb. 4, 2014, 8:00 AM
    • Federal regulators indicate they aim to require automakers (GM, F, TM, FIATY, HMC, NSANY, VLKAY, HYMLF, TSLA, FUJHY) to install technology that helps to warn drivers if a crash is imminent using data broadcast from other vehicles .
    • Cars and trucks would be required to have special technology which would emit data through radio signals. The rate of accidents could be lowered by up to 80% through successful adoption of the program, according to the NHTSA.
    • Privacy advocates oppose the technology while security experts warn hackers could be disruptive in the area.
    • Implementation of the technology standard is expected to be at least a few years off.
    | Feb. 4, 2014, 8:00 AM | 44 Comments
  • Feb. 3, 2014, 10:07 AM
    • General Motors (GM -1.8%) saw a drop across brands in January amid extreme winter weather.
    • On the positive side, the automaker noted half of its light-duty pickup sales were closed at above the $40K mark and still forecasts a pickup in market share for the year.
    • GM ended the month with a 114 days supply of inventory which will create some debate.
    • Model tallies: Buick Enclave -28.3% to 3,509; Cadillac SRZ +1.5% to 4,446; Chevrolet Cruze +15.9% to 16,828; Chevrolet Malibu -25.3% to 11,822.
    | Feb. 3, 2014, 10:07 AM | 2 Comments
  • Feb. 3, 2014, 9:58 AM
    • General Motors (GM) unit sales -12.0% to 171K to miss the consensus estimate which saw a 2.5% falloff.
    • Retail sales were off 10% for the month and fleet sales declined 18%.
    • Sales by brand: Chevrolet -13.3%; GMC -10.0%; Buick -1.4%; Cadillac -13.2%.
    | Feb. 3, 2014, 9:58 AM | 17 Comments
  • Feb. 2, 2014, 1:27 AM
    • General Motors (GM) unit Opel has signed a labor agreement with workers at its plants in Ruesselsheim, Kaiserslautern and Eisenach in Germany.
    • The deal covers 7,150 employees and guarantees job protection until 2018.
    • The inking of the contract comes as another factory in Germany, Bochum, is due to stop producing cars at the end of 2014 as part of GM's attempts to turn around its loss-making European operations.
    | Feb. 2, 2014, 1:27 AM | 12 Comments
  • Jan. 30, 2014, 9:29 AM
    • AutoNation (AN) CEO Mike Jackson thinks automakers are producing too many cars in the U.S.
    • The exec cuts through the "bogus" dealer inventory numbers to highlight what he maintains is a 100-day supply of autos in the nation.
    • Despite the "friendly" advice to the Big Three (F, GM, FIATY), Jackson is optimistic and thinks the industry will crack through the 16M unit sales mark in the U.S. this year.
    | Jan. 30, 2014, 9:29 AM | 5 Comments
  • Jan. 27, 2014, 7:25 AM
    • General Motors (GM) chief Mary Barra met with Opel's top management at the automaker's headquarters in Germany.
    • Barra is well-versed on the affairs at Opel as a current board member. During her short tenure as CEO, she has tipped off that she will maintain a goal to return Opel to profitability by mid-decade.
    | Jan. 27, 2014, 7:25 AM | 3 Comments
  • Jan. 24, 2014, 1:27 PM
    • General Motors China (GM) CEO Tim Lee will retire on April after putting in 45 years at the automaker.
    • Jim DeLuca will take over Lee's other role as executive VP of global manufacturing, while GM China President Matt Tsien will be the top exec in China.
    • Industry insiders think the new team is already closely aligned to CEO Mary Barra's way of thinking.
    | Jan. 24, 2014, 1:27 PM
  • Jan. 24, 2014, 9:53 AM
    • General Motors (GM -2.7%) says over a third of its U.S. dealers have signed up for the Shop-Click-Drive program which lets customers do most of the car buying legwork online.
    • The innovative program is seen by the automaker as a way to engage younger shoppers, but has faced some resistance from dealers.
    • Participation in the online program by GM dealers is still optional.
    | Jan. 24, 2014, 9:53 AM | 5 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