General Motors Company (GM) - NYSE
  • Sep. 18, 2013, 7:18 AM
    • General Motors (GM) plans to integrate Buick and Opel over time in order to save costs.
    • By keeping the models from each brand closely aligned, the automaker will be able to share parts and some assembly.
    | Sep. 18, 2013, 7:18 AM | 1 Comment
  • Sep. 17, 2013, 7:08 AM
    • IHS Automotive's Carlos Da Silva thinks the European automobile market has bottomed out after dissecting the latest round of sub-par sales tallies on the continent.
    • The analyst notes the rate of decline has slowed enough to call a bottom, although the general sentiment in the industry is that any recovery will be choppy at best.
    | Sep. 17, 2013, 7:08 AM | 1 Comment
  • Sep. 17, 2013, 7:00 AM
    • General Motors (GM) sees its Chevrolet Silverado edge out the Chrysler (FIATY.PK) Ram 1500 in a road test conducted by Consumer Reports.
    • The distinction could be an important selling point after the model underwent its first major design change since 2006.
    • "The reality is that you can't go wrong with either one," says a rep from CR.
    | Sep. 17, 2013, 7:00 AM | 2 Comments
  • Sep. 17, 2013, 4:30 AM
    • European car sales dropped 4.9% on year in August to 686,957 units after rising 4.9% in July as new registrations fell in France, Italy and Germany last month. However, the U.K. again continued to enjoy growth, with volumes increasing 10%.
    • In January-August, European sales dropped 5.2%.
    • Peugeot (PEUGF.PK) had a particularly bad August as sales slumped 18%, with Honda (HMC) -19.6%, Fiat (FIATY.PK) -4.9%, Toyota (TM) -4%, Volkswagen (VLKAF.PK) -11%, Audi -6.4% and Ford (F) -0.9%,
    • BMW (BAMXF.PK) +9.9%, Daimler (DDAIF.PK) +5.5%, Renault (RNSDF.PK) +5.8% and GM (GM) +0.7%.
    • The data comes after car executives had expressed hope at the Frankfurt Motor Show that the European car market was stabilizing. (PR)
    | Sep. 17, 2013, 4:30 AM | 1 Comment
  • Sep. 17, 2013, 3:22 AM
    • With Tesla in its sights, GM (GM) is working on an electric car with a range of 200 miles and price of $30,000.
    • However, while the technology is available, the battery costs are still too high to achieve the plan, company VP Doug Parks said.
    • Parks' comments come a few days after Volkswagen said it wants to become the largest seller of EVs by 2018. That crown belongs to Nissan at the moment.
    | Sep. 17, 2013, 3:22 AM
  • Sep. 16, 2013, 8:10 AM
    • U.S. automobile sales will rise to over 16M next year, according to a survey of analysts by Bloomberg.
    • If the forecast is correct, 2014 will be the best year for auto sales since at least 2007.
    • The best news of all for the sector is that consumer demand is solid without incentives or promotions being broadly increased by automakers.
    • Related ETFs: CARZ, VROM
    | Sep. 16, 2013, 8:10 AM
  • Sep. 14, 2013, 8:40 PM
    • General Motors (GM) reaches a deal with Unifor, Canada's largest private sector union which was formed when the Canadian Auto Workers union and the Communications, Energy and Paperworkers Union merged.
    • Unifor's first president Jerry Dias pledged to "stop playing defense and start  playing offense," at his first inaugural address this month.
    • Details of the four-year deal with production and skilled trade workers at a GM plant in Ontario are being "withheld until after the ratification vote on Sunday,"  Reuters says.
    • The preexisting contract was set to expire Monday.
    | Sep. 14, 2013, 8:40 PM
  • Sep. 11, 2013, 1:56 PM
    • General Motors (GM -1.7%) might sell the Opel Adam minicar as a Buick model in the U.S., according to execs.
    • The development indicates GM is moving to link the Buick and Opel brands to strategically cross-produce the vehicles.
    | Sep. 11, 2013, 1:56 PM
  • Sep. 11, 2013, 10:32 AM
    • One of the biggest developments at the Frankfurt Auto Show is the showcasing of new electric vehicles models from luxury automakers such as Mercedes-Benz, Audi, Volkswagen, and BMW.
    • But with only a paltry 0.2% of total vehicle registrations in Europe of the EV/hybrid variety will all the development costs pay off?
    • Industry insider think it will as they point to the ability of automakers to lower their average fleet mileage ratings to appease regulators and a long-term trend toward alternative-fuel vehicles that nobody wants to miss out on.
    | Sep. 11, 2013, 10:32 AM
  • Sep. 11, 2013, 8:38 AM
    • General Motors (GM) trades lower after Ottawa unloads a block of 30M shares.
    • Analysts think the short-term pressure on GM's share price from the sale - along with Uncle Sam's unwinding of its position - could give investors some nice entry points to stock up on GM.
    • GM -1.4% premarket.
    | Sep. 11, 2013, 8:38 AM
  • Sep. 11, 2013, 3:27 AM
    • The Canadian and Ontario governments are selling 30M common shares in GM (GM) in a block trade to Bank of America (BAC) and RBC Capital Markets (RY) in a deal valued at around $1.1B.
    • The transaction is part of the governments' plan to sell the holdings in the automaker that they received as part of its bailout in 2009. They will be left with over 110M GM common shares and over 16.1M preferred shares.
    | Sep. 11, 2013, 3:27 AM
  • Sep. 10, 2013, 7:58 AM
    • Automobile sales in China rose 11% to 1.35M units in August, according to the China Association of Automobile Manufacturers. The pace of sales in the nation is the highest of the last four months.
    • Chinese cars accounted for 38% of total sales, while Japanese-made cars slipped during the month.
    • Related stocks: GM, F, VLKAY.PK, NSANY.OB, HMC.
    | Sep. 10, 2013, 7:58 AM
  • Sep. 10, 2013, 4:24 AM
    • The auto market in Europe is stabilizing after five years of steep declines, car executives have said, but they expect the recovery to be long and slow due to high unemployment and soft bank lending in the region.
    • Europe should "see the end of the tunnel next year," said Renault (RNSDF.PK) chief Carlos Ghosn, who was speaking at the Frankfurt Motor Show.
    • Meanwhile, Volkswagen (VLKAF.PK) aims to increase car sales to 9.5M this year from 9.3M in 2012, helping to boost shares 2.1% in Frankfurt. Brand sales dropped 1% in August to 461,600 cars, giving a year-to-date figure of 3.84M. That up 3.1% from last year.
    | Sep. 10, 2013, 4:24 AM
  • Sep. 9, 2013, 2:26 PM
    • The Frankfurt Auto Show will feature several new SUV models from automakers eager to gain an edge in the profit-making segment.
    • Many of the new introductions are smaller in size with demand for compact SUVs strong in Europe and China.
    • SUV compact challengers: Nissan (NSANY.OB), General Motors (GM), and Ford (F) among others.
    | Sep. 9, 2013, 2:26 PM
  • Sep. 9, 2013, 1:46 PM
    • General Motors (GM +1.2%) will sell its 2014 Buick Regal at $30,615, up about $700 from last year's version.
    • The new Regal is a near complete overhaul with a more powerful engine, major styling changes, and improved gas mileage.
    • The automaker is trying to make Buick relevant with younger buyers after seeing sales plummet recently.
    | Sep. 9, 2013, 1:46 PM
  • Sep. 6, 2013, 1:21 PM
    • S&P maintains a BB+ issuer-credit rating on General Motors (GM +0.5%), but bumps its outlook on the automaker to positive from stable.
    • The agency says GM's strong sales in China should help support its profitability.
    | Sep. 6, 2013, 1:21 PM | 9 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