Thu, Jul. 23, 9:15 AM
Thu, Jul. 23, 7:44 AM
- General Motors (NYSE:GM) reports revenue increased in Q2 on a currency-neutral basis, up $900M from the reported figure.
- EBIT-adjusted totals by operating segment: GM North America +$2.8B (10.5% operating margin), GM Europe flat at $0, GM International +$300M, GM South America -$100M, GM Financial +$200M.
- Automotive net cash flow from operating activities was $5.1B.
- Return on invested capital up to 23.4% from 14.7% a year ago.
- Improved margins in China are cited by GM.
- GM backs previous EBIT-adjusted margin guidance with the Q2 report.
- Previously: General Motors beats by $0.21, misses on revenue
- GM +6.24% premarket to $32.19
Thu, Apr. 23, 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.
Fri, Apr. 10, 7:36 AM
- General Motors (NYSE:GM) is added to the Focus List at Citigroup after the investment firm digested the recent pullback in shares.
- The investment firm thinks a strong product lineup for 2016 and 2017 sets up the automaker for market share gains.
- GM offers 55 different models currently across brands (list).
- Shares of GM are rated by Citi at Buy with a $50 price target.
- GM +0.69% premarket to $36.54
Mon, Apr. 6, 6:11 PM
- General Motors (NYSE:GM) is down 1.5% after hours as Canada's government says it will exit its position in the U.S. automaker by selling more than 73M shares to Goldman Sachs (NYSE:GS).
- Investment arm Canada GEN will provide further details once the trade is reported with regulators in both countries.
- The sale is an unregistered block trade that wraps on Friday, April 10.
- GM common stock closed today at $36.66, making the transaction amount to some $2.7B.
Tue, Feb. 10, 9:02 AM
- General Motors (NYSE:GM) confirms Harry Wilson will nominate himself for the company's board.
- Wilson is expected to propose an accelerated buyback plan for the automaker with the backing of GM investors Taconic Parties, Appaloosa Parties, HG Vora Parties. and the Hayman Parties.
- GM +3.58% premarket to $37.27.
Thu, Feb. 5, 3:53 PM
- Sterne Agee backs its Buy rating on General Motors (GM +1.1%) after digesting the automaker's Q4 report.
- "Auto operations in North America continue to show improvement, operations in China set another record, the company is taking actions to minimize the impact from some of the weaker regions," read the bullish note from Sterne.
- The investment firm's price target of $50 implies considerable upside for investors.
- Previously: General Motors 4% higher on positive results (Feb. 4)
- Previously: GM +3.2% after solid profit read and dividend boost (Feb. 4)
Wed, Feb. 4, 7:48 AM
Wed, Jan. 14, 9:08 AM
- General Motors (NYSE:GM) reiterates it's on track to meet 2016 financial targets, including profitability in Europe.
- Higher EBIT-adjusted margins are expected in 2015.
- Spending on upgrading tooling, equipment, and other tech initiatives will increase to $9B from $7.5B this year.
- Naturally, recall costs will be high once again.
- CEO Mary Barra and other GM execs are attending the Detroit Auto Show and Deutsche Bank 2015 Global Auto Conference, also in the Motor City.
- GM -2.7% premarket.
Mon, Jan. 12, 11:33 AM
- General Motors (GM +0.4%) plans to use its GM Financial lending unit as the exclusive provider of subsidized leases as of Feb. 3 - which could maybe boost GM earnings, but comes at the expense of Ally Financial (ALLY -3.9%) and U.S. Bancorp (USB -0.7%) unit U.S. Bank, which will be largely pushed out of the lucrative business.
- Ally Financial bull Mark Palmer of BTIG says the move shouldn't be wholly unexpected as Ally CEO Michael Carpenter last month warned this could occur. While it's a negative for Ally, says Palmer, a boost in non-GM used car loans should compensate.
Dec. 16, 2014, 8:19 AM
- RBC Capital downgrades General Motors (NYSE:GM) to Sector Perform from Outperform.
- The investment firm cautions on general industry trends and specifically on the high sales and operating margin targets set by the Detroit automaker.
- What to watch: Pricing pressure in the U.S. could be on GM's plate in 2015 and Cadillac will have to deal with the onslaught of the German automakers on the continent.
- Related: Here come the German automakers.
- GM -1.4% premarket
Nov. 28, 2014, 11:05 AM
- Automobile stocks are higher as a group after oil prices slide.
- General Motors (NYSE:GM) is up 2.3% and Toyota is 1.1% higher, while shares of Ford (NYSE:F) are just poking out a modest 0.1% gain.
- There's some concerns that Ford's big bet on aluminum loses some of its relevance if gas prices shoot lower.
- Daimler (OTCPK:DDAIF) and BMW (OTCPK:BAMXY) are both beating broad market averages with +1% gains.
- EV automaker Tesla Motors (NASDAQ:TSLA) is down 2.1% on the day.
Oct. 23, 2014, 8:03 AM
Aug. 18, 2014, 12:41 PM
- Shares of Winnebago (WGO +5.8%) trade higher on what's been a broad rally in vehicle manufacturer stocks off of a mix of positive economic news for the industry.
- Navistar (NAV +4.7%), Arctic Cat (ACAT +4.4%), Polaris (PII +2.1%), and Spartan Motors (SPAR +2.4%) are also showing gains.
- Of the major automobile manufacturers, General Motors (GM +1.7%) is showing the most strength.
- Shares of Harley-Davidson (HOG +1.2%) aren't stuck in neutral either.
Jul. 25, 2014, 8:56 AM
- Downgrading to Outperform from Buy, CLSA says GM's pricing is unpredictable and questions whether the automaker can push new through new truck price gains.
- Also downgrading is Deutsche, which cuts to Hold from Buy.
- Buy the dip, says UBS, calling yesterday's 4.5% decline an overreaction, noting better-than-forecast results in South America and Asia. The team also notes management's confidence for better North American pricing ahead in H2.
- Goldman maintains GM as a Conviction Buy.
- Shares -0.75% premarket
- Earnings coverage
Jul. 24, 2014, 2:45 PM
- General Motors (GM -4.2%) reported in-line Q2 earnings - not including $1.2B related to its never-ending recalls - but its North American margins came in at just 9.3%, which helps explain today's sharp losses in GM shares.
- The Q2 margin result was below general expectations that GM could post 10%-plus underlying (ex-recall) margins this quarter as the company is generating higher sales prices; in its earnings conference call, GM says it remains confident in its 10% margin target.
- Also in the call, CFO Chuck Stevens raised concerns over the Russian economy, saying GM had cut production by 20% in the country amid the political turmoil in the region.
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