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General Motors Company (GM)

  • Apr. 2, 2013, 10:10 AM
    General Motors (GM) March U.S. sales: +6.4% to 245,950, short of the mark of analysts but the automaker's best March tally in five years. Sales gains were led by crossover (+31%) and truck (+2%) models while car sales dipped 3% during the month compared to a year ago. Total sales by brand: Cadillac +50%; Buick +37%; GMC +11.6%; Chevrolet +0.5%. The Cadillac ATS put in its best sales month ever with deliveries of 3,587 units. (PR)
  • Apr. 1, 2013, 2:18 PM
    General Motors (GM -0.2%) says its new slate of pickups will feature the most fuel-efficient V-8 engines in the segment in addition to the highest tow ratings. The bold claims come as the automaker looks to put a major dent into the formidable market share claimed by Ford's line of F-150 pickup models.
  • Apr. 1, 2013, 9:04 AM
    The New York International Auto Show saw a number of automakers (GM, FIATY.PK, BAMXY.PK) introduce a return of diesel models to the U.S., although some industry experts question the wisdom. The gap between diesel-powered engines and traditional gas-fired engines has been narrowed considerably making the option a tougher sale to consumers.
  • Mar. 29, 2013, 7:12 AM
    GM (GM) reckons it can save $200M a year by improving the resale value of its cars and therefore reduce the costs of lease deals, as monthly payments are based on the residual values of the vehicles at the end of their leases. "Residual values...are the ultimate acid test of whether the vehicle has been successful," says GM's Alan Batey.
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  • Mar. 28, 2013, 8:04 AM
    The Big Three automakers (GM, F, FIATY.PK) are impressing analysts and consumers at the New York International Auto Show with a fresh slate of models that consumers will actually want to buy. It's in stark contrast to the recent Geneva Motor Show where a parade of struggling European automakers bumped up against each other with glitzy cars aimed at competing with high-end models from Lamborghini, Ferrari, and Rolls-Royce. What to watch: March auto sales in the U.S. could topple a 15M annual selling rate with the Big Three picking up momentum.
  • Mar. 27, 2013, 1:37 PM
    American Axle (AXL +4.3%) rallies after dipping slightly in Tuesday's post-trading session, when it disclosed its FY13 outlook. The company anticipates FY13 sales to be $3.25B, slightly below the consensus estimate of $3.27B, adding that it expects the labor strike at GM's Rayong factory in Thailand to have an estimated adverse impact on Q1 sales of approximately $15M. However, it also said its rate of sales has increased to about 15M vehicle units in FY13 from 14.4M vehicle units in FY12, which is fueling the upside move today.
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  • Mar. 27, 2013, 10:19 AM
    Another firm is out with an optimistic outlook for U.S. car sales in March. Kelley Blue Book sees 1.45M units sold during the month with hybrids set to have their best month in history. The Big Three are all expected to put in a solid month, with sales gains of 6.5% for General Motors (GM -0.4%), 4.5% for Ford (F -1%), and 3.4% for Chrysler (FIATY.PK) forecast.
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  • Mar. 27, 2013, 8:25 AM
    Chevrolet takes center stage today at the New York International Auto Show (preview) with the first widespread peak at the newly designed Camaro. General Motors (GM) hopes the latest version of the iconic model will dazzle younger consumers and stoke new sales. The automaker has already tipped off significant Camaro "design and performance" enhancements. (Live stream of Camaro unveiling at 12:45 pm ET)
  • Mar. 26, 2013, 6:53 PM
    Possibly inviting a political backlash, GM is cutting 598 jobs at a Brazilian plant in the state of Sao Paulo due to low productivity. The layoffs, which involve a complex that employed 7.5K workers last year, come as GM struggles to turn a profit on its Brazilian ops, and the auto giant is pressured by the Brazilian government to abstain from layoffs in exchange for tax breaks. (previous)
  • Mar. 26, 2013, 2:11 PM
    Toyota (TM +0.1%) says it is "very optimistic" about the outlook for its U.S. operations citing jobs growth and (ironically) rising consumer confidence. VP for U.S. operations Bob Carter says March was very good to "all manufacturers" and predicts Toyota will sell 2.2M vehicles in the U.S. this year representing a 5.5% increase from 2012. 
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  • Mar. 26, 2013, 12:48 PM
    What to watch for from the New York International Auto Show: 1) General Motors (GM -0.5%) will unveil a full slate of new models including Cadillac CTS, Buick Regal, Chevy SS, Buick LaCrosse - and the highly anticipated Chevy Camaro retooling. 2) Chrysler (FIATY.PK) will showcase the next-generation Jeep Cherokee, to be rebranded as the Liberty SUV, along with a few limited edition muscle cars. 3) The most-watched model from Toyota (TM -0.1%) will be the new midsize 2013 Highlander SUV. 4) On the EV front, Nissan (NSANY.OB) is out with a hybrid version of the Pathfinder and Subaru (SBUOF.PK) hopes to make a splash with the XV Crosstek Hybrid.
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  • Mar. 22, 2013, 8:40 AM
    Another electric vehicle bombshell: A new report from McKinsey indicates a third of all electric vehicle owners in Japan say they won't buy another with the nation's infrastructure not yet ready to support a network of charging stations. Sluggish sales and the looming threat of federal subsidies getting pulled away seems to have more major automakers subtly shifting their focus toward hybrid production instead of pure EV.
  • Mar. 22, 2013, 6:56 AM
    U.S. auto sales will rise 8% in March to 1.465M at an annual selling pace which should top 15M, according to a new forecast from LMC. The average retail sale price is expected to increase 3% to $28,504 per vehicle. The outlook is a slight improvement over earlier forecasts and bodes well for the Big Three (GM, F, FIATY.PK). (full report .pdf)
  • Mar. 21, 2013, 2:33 PM
    General Motors (GM -1.2%) CEO Dan Akerson told Congressman the automaker is performing well as he tried to convince the lawmakers to take the automaker out of the political debate. The exec says the "report card" was well-received by both Republicans and Democrats.
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  • Mar. 21, 2013, 8:46 AM
    General Motors (GM) and Ford (F) are making solid progress selling cars to younger U.S. buyers, increasing market share in both the 18- to 24-year old demographic and the 25- to 34-year old range of buyers. The key appears to be the push by the U.S. automakers to offer smaller fuel-efficient vehicles with modern on-trend design.
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  • Mar. 21, 2013, 7:08 AM
    A turnaround plan by General Motors (GM) for Opel in Germany faces a key union vote today at a plant in Bochum. Even if workers don’t approve the deal, the automakers says it will end production at the plant after 2014.
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Company Description
General Motors Company designs, builds and sells cars, trucks and automobile parts. The Company also provides automotive financing services through General Motors Financial Company, Inc.