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General Motors Company

5/22/2013, 6:44 AM ET

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Tuesday, May 21, 11:28 AM General Motors (GM -1.6%) says it will invest $44.5M in a Michigan factory which builds Cadillac ATS and CTS sedans as well as being slated to produce the 2015 Chevrolet Camaro. As part of its investment, a 400K square foot building will be built next to the plant to build parts in the correct order for assembly. Comment! [Consumer]
Tuesday, May 21, 8:27 AM Strengthening rumors of a steep 20% consumption tax on luxury cars in China could create a ripple in the automobile industry with expectations high for the segment and productions plans ramping up. On watch: Lincoln (F), Cadillac (GM), Mercedes-Benz (DDAIF.PK), Audi (VLKAY.PK), Tata Motors (TTM), and Porsche ((POAHY.PK). 9 Comments [Consumer]
Monday, May 20, 1:06 PM LMC Automotive thinks demand for automobiles in China will return to a double-digit pace next year and stay stable for the four to five years. It's a common enough forecast in the industry with IHS Automotive going so far as to say there is "no chance" for a negative growth environment in China due to the less than 7% of the population that owns a car. Rough forward-looking China capacity counts: General Motors (GM +1.4%) 5M vehicles a year; Hyundai and Kia (HYMLF.PK) combined 1.8M; Ford (F +0.4%) 1.2M by 2015; Volkswagen (VLKAY.PK) 4M by 2018. Comment! [Consumer]
Monday, May 20, 9:12 AM General Motors (GM) CFO Dan Ammann says the automaker is "reasonably" on its way to realizing cost savings by streamlining its business across divisions and operations. The automaker's reorganization involves breaking down long-standing fiefdoms within GM and banking on its ability to bring many tech and engineering functions in-house. Comment! [Consumer]
Monday, May 20, 6:57 AM The National Development and Reform Commission in China reports that prices for imported cards fell 3.4% Y/Y in April in contrast to a minor gain on prices for domestically-produced vehicles. It's one of the first solid indications that a government mandate to cut back on lavish spending in the nation is having an impact on automakers (GM, DDAIF.PK, BAMXY.PK). 4 Comments [Consumer]
Friday, May 17, 7:18 PM Shares of General Motors (GM +3.1%) eclipsed their $33 IPO price as investors speculate that the U.S. government may soon exit its ownership stake in the auto maker. The auto maker rose to $33.42 to close above its November 2010 IPO price for the first time since February 2011. U.S. taxpayers currently hold a 16.4% stake, or 241.7M shares worth about $8.08B. 4 Comments [Consumer, U.S. Economy]
Friday, May 17, 11:05 AM A nice little jump in consumer sentiment bodes well for automobile companies, according to CNBC's Phil LeBeau. The outlook for the industry looks extremely good with fresh models from automakers (F, GM, TM, FIATY.PK, HMC, NSANY.OB, VLKAY.PK) coinciding with structural pent-up demand and the uptick in sentiment. 4 Comments [Consumer]
Friday, May 17, 10:10 AM China says it will encourage investment in vehicle manufacturing in the western part of the nation to reverse a prior decision on the issue. General Motors (GM +2.5%) and Volkswagen (VLKAY.PK) could benefit from the development due to their aggressive expansion plans in the region. Comment! [Consumer, Global & FX]
Friday, May 17, 7:53 AM China's top safety agency say Shanghai GM (GM) will recall 2.6K Cadillac SRX vehicles for a potential issue with wheel nuts. Shanghai GM is coming off a roaring April as sales rose 29% to 121,559 units - a faster pace than GM's other joint ventures in China. Comment! [Consumer]
Wednesday, May 15, 7:12 AM General Motors (GM) will move production for Opel's Zafira to Ruesselsheim from Bochum in Germany to help clear the path for the closure of another plant. The automaker continues to prod for ways to cut losses on the continent to meet its goal for Opel of being profitable by 2015. Comment! [Consumer]
Tuesday, May 14, 10:40 AM General Motors (GM +1.6%) and Nissan (NSANY.OB) work out a deal that will see Nissan produce small cargo vehicles for GM to sell in the U.S. and Canada. The arrangement appears to be way for GM to fill a void in its commercial fleet business. 1 Comment [Consumer]
Tuesday, May 14, 7:04 AM General Motors (GM) won't chase "volume at all costs" with its Cadillac brand, according to CFO Dan Ammann. While German automakers (DDAIF.PK, BAMXY.PK, VLKAY.PK) start to chase each other in every luxury segment, GM will pick and choose where Cadillac competes. YTD U.S. sales: Mercedes-Benz 98,511; BMW 88,127; Lexus 74,831; Cadillac 55,942; Audi 47,343. 2 Comments [Consumer, Global & FX]
Monday, May 13, 2:33 PM General Motors (GM -1.4%) will invest $546M in two data centers in Michigan in a move designed to help the automaker identify potential manufacturing issues quicker. Over the next three years, GM plans to bring almost all of IT needs in-house and reduce the number of IT facilities to two from 23. 1 Comment [Consumer]
Monday, May 13, 8:44 AM For the first time in more than a decade, the Big Three automakers (GM, F, FIATY.PK) claimed a majority of the category winners in a prestigious vehicle quality survey. The increase in quality by the trio dovetails nicely with a pickup in demand for U.S. models that has Japanese automakers scrambling (TM, HMC, NSANY.OB) to respond. 2 Comments [Consumer, Global & FX]
Monday, May 13, 6:52 AM General Motors (GM) plans to spend $200M to update dealer showrooms and relocate under-performing outlets. The automaker will focus on dealers in California, New York, and New Jersey in particular in a bid to improve market share in metropolitan areas. Execs think the fresh slate of models will be attractive in areas where GM's market share lags some foreign manufacturers. 4 Comments [Consumer]
Friday, May 10, 8:10 AM General Motors (GM) says it will consider more expansion in Indonesia after early reaction to a new model in the nation is positive. The automaker reports 10K orders for its Chevrolet Spin which is twice the numbers of cars it sold in Indonesia all of last year. 1 Comment [Consumer]

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