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General Motors Company (GM)

- NYSE
  • Jun. 6, 2013, 11:06 AM
    Auto sales in Brazil slipped 5.2% M/M in May but still showed 10% improvement from a year ago. The market in Brazil is being closely watched by major automakers (HMC, TM, GM, VLKAY.PK) because consumer-friendly tax cuts have provided a demand boost which they hope won't peter out.
    | Jun. 6, 2013, 11:06 AM | 1 Comment
  • Jun. 6, 2013, 8:23 AM
    Welcome back. General Motors (GM) officially returns to the S&P 500 Index today in what is turning out to be an eventful week with the Treasury Department also announcing it would sell 30M shares of GM. Perhaps lost in the GM news shuffle, amid a rather ho-hum 3% increase in U.S. sales for May the automaker saw large pickup sales improve 23% and large SUV sales shoot up 30%. It's a trend that could help improve GM's profitability in Q2 and beyond.
    | Jun. 6, 2013, 8:23 AM | Comment!
  • Jun. 6, 2013, 7:00 AM
    SAIC Motor says sales in China rose 9.6% Y/Y in March to 404,655 vehicles. The automaker, a partner of both General Motors (GM) and Volkswagen (VLKAY.PK) in the region, focuses on the mid- to- high-end of the Chinese automobile market.
    | Jun. 6, 2013, 7:00 AM | 1 Comment
  • Jun. 5, 2013, 9:16 AM
    The accelerated pace of the government's sale of General Motors (GM) stock will be a boost to its share price, according to Barclay Capital's Brian Johnson. The auto analyst thinks long-term investors will take comfort in the early exit as it removes an overhang on the automobile giant. GM -0.1% premarket to narrow an earlier loss.
    | Jun. 5, 2013, 9:16 AM | Comment!
  • Jun. 5, 2013, 8:16 AM
    The Treasury Department plans to sell an additional 30M shares of General Motors (GM), according to CNBC. The offering to be sold on the market will also include shares held by the UAW Trust. GM -1.5% premarket.
    | Jun. 5, 2013, 8:16 AM | 1 Comment
  • Jun. 5, 2013, 7:54 AM
    General Motors (GM) sold 252,942 vehicles in China during May to mark an increase of 9.4% from the same period a year ago. The Buick brand put in the most impressive month, with sales jumping 23% to 63,007.
    | Jun. 5, 2013, 7:54 AM | Comment!
  • Jun. 4, 2013, 2:23 PM
    It was trucks that made up most of the difference between sales for Ford (F -1.2%) and General Motors (GM +1.5%) in May, +14% vs. +3%, but that could change quickly. Most of GM's new trucks are just arriving on dealer lots which means the automaker could catch up to its rivals that came to the market earlier with fresh models.
    | Jun. 4, 2013, 2:23 PM | 5 Comments
  • Jun. 3, 2013, 5:38 PM
    In addition to the S&P 500, GM will also take Heinz's spot in the S&P 100. Meanwhile, AIG will replace Baker-Hughes (BHI) in the S&P 100 as of Thursday's close. AIG +0.6% AH, BHI -0.8%. GM pares its gains, shares now +3.5%.
    | Jun. 3, 2013, 5:38 PM | Comment!
  • Jun. 3, 2013, 5:20 PM
    GM is finally returning to the S&P 500: the auto giant will replace Heinz (HNZ), which is getting acquired by Berkshire Hathaway and 3G Capital. GM +4.7% AH.
    | Jun. 3, 2013, 5:20 PM | 6 Comments
  • Jun. 3, 2013, 10:07 AM
    General Motors (GM) May U.S. sales: +3.1% to 252,984 vs. estimates for a gain of 5.5%. Retail sales +9%, fleet sales -10% (represent 26% of total sales). Cadillac sales +39.9% Y/Y (company announced this minutes ahead of time), Chevy +0.9%, GMC +7%, Buick -3.1%. (PR)
    | Jun. 3, 2013, 10:07 AM | 3 Comments
  • May 31, 2013, 5:43 PM
    New U.S. auto sales are expected to reach 1.42M in May, rising 6.5% Y/Y and 11% from April, according to Edmunds.com, as May sales "chased away any of last month's concerns that the auto recovery is stalling." Among U.S. auto makers, Edmunds expects GM sales to rise 1.9% Y/Y and Ford (F) to jump 13%. Projections for Japanese firms: Nissan (NSANY.OB) +20%, Honda (HMC) +1.7%, Toyota (TM) -0.2%.
    | May 31, 2013, 5:43 PM | 6 Comments
  • May 31, 2013, 9:21 AM
    General Motors (GM) will display its restyled Chevrolet Malibu today in the hopes that criticism over its bland style will abate. Malibu sales have trailed segment rivals the Ford Fusion and Honda Accord by a wide margin this year.
    | May 31, 2013, 9:21 AM | Comment!
  • May 31, 2013, 7:49 AM
    The NHTSA sets new guidelines for self-driving cars including a safeguard that they can be taken over by a human driver in the case of a malfunction. So far, Google and Audi (VLKAY.PK) are at the forefront of the new technology, although almost every major automaker (GM, F, TM HMC, FIATY.PK, NSANY.OB) has been dabbling with the concept due to the long-term potential existing that some forms of mass transit (taxis, buses, shuttles) could be replaced with self-driving models.
    | May 31, 2013, 7:49 AM | 2 Comments
  • May 30, 2013, 12:09 PM
    May Auto Sales preview: Analysts expect the big Memorial Day weekend to have helped boost the monthly U.S. sales tally for automakers to the best level in 6 years as the allure of energy efficient models and easier credit terms helps to motivate buyers. By the numbers, Nissan (NSANY.OB), Volkswagen (VLKAY.PK), and Ford (F) are forecast to see the biggest Y/Y gains - while by segment full-size pickup trucks and compact crossovers are viewed as doing most of the heavy lifting. General Motors (GM) is pegged at a +250K unit month, while Toyota (TM) may have the lost the most market share. On the electric-vehicle front, a pricing war should lift sales a bit at the expense of profitability - while the Tesla Motors (TSLA) juggernaut rolls on.
    | May 30, 2013, 12:09 PM | 11 Comments
  • May 30, 2013, 6:37 AM
    SAIC Motor says it will move forward with plans to expand in Thailand and is also considering a dramatic move to enter new markets such as South America and the Middle East. The joint venture partner of General Motors (GM) and Volkswagen (VLKAY.PK) in China isn't satisfied with its languishing share price and wants to compete on a more global basis.
    | May 30, 2013, 6:37 AM | Comment!
  • May 28, 2013, 12:00 PM
    General Motors (GM +3.1%) will keep a plant building large crossover SUVs open all summer and will only idle a heavy-duty pickup plant for a week, according to sources at the automaker. Execs with GM say the company will take a more strategic approach to summer shutdowns instead of idling all of them at once.
    | May 28, 2013, 12:00 PM | 1 Comment
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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.