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General Motors Company (GM)

  • Oct. 23, 2012, 2:38 PM
    General Motors (GM -2.7%) sees a breakthrough coming in the use of magnesium in automobiles after its engineers find a way to expand the use of the metal to new parts of vehicles. The company notes magnesium is 75% lighter than steel and has a 33% advantage over aluminum which could help the automaker improve gas mileage. Licensing options for GM's patented process to prepare the metal for automobile production could bring in extra revenue down the line.
  • Oct. 22, 2012, 8:09 AM
    General Motors (GM) pushes the pedal to the metal in Brazil with seven new vehicles going on sale this year across different categories. The aim is to turn around the automaker's fortunes in South America where a profitable 2010 turned the other direction in 2011. To that end, relocating operations to lower-cost regions in the nation and managing the tricky currency conversion are in focus.
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  • Oct. 22, 2012, 6:10 AM
    GM (GM) makes an informal offer to buy the 17% of its Korean unit held by state-run Korea Development Bank, which has a veto over decision-making. A deal would boost GM's stake to 94% in the operations - which provide an important production base - and allow the car maker to restructure the unit. Separately, GM and Peugeot plan to announce a joint purchasing agreement soon, but dismiss union claims that they intend to build cars in Brazil.
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  • Oct. 19, 2012, 10:57 AM
    More on GM nabbing 3K IT employees from H-P: The automaker's CIO, Randy Mott, wants to reduce GM's (GM -1.8%) reliance on outsourcing down to 10% from its current level of 90%. With direct management of the tech workforce, Mott thinks he can wring more value out if as he shifts strategy and focus to align fully with GM's.
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  • Oct. 18, 2012, 1:24 PM
    General Motors (GM +1.8%) plans to hire 3K workers from Hewlett Packard as part of its initiative to bring tech operations in-house and step up its team of software developers. The new hires already work on projects for the automaker, but will swap their ID badges to GM.
  • Oct. 16, 2012, 2:53 PM
    Just like that General Motors (GM +0.8%) is drawing young buyers after the company tried to refresh the brand's stodgy image, according to one of its execs. Two key metrics, the average age of buyers and the automaker's conquest rate (percentage of first-time buyers), are reported to be moving in the right direction. If the trends continue, Buick could be a meaningful bottom line driver for GM again.
  • Oct. 16, 2012, 10:45 AM
    Plugging back in: General Motors (GM +0.6%) says production on the first luxury plug-in hybrid, the Cadillac ELR, will begin in late 2013 with a short turnaround before it hits the market. The automaker also says production of its Volt, Ampera (Opel) and Holden Volt (GM Australia) models picked back up after a plant was idled for four weeks.
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  • Oct. 16, 2012, 8:30 AM
    General Motors (GM) increases its stake in its Indian arm by buying out a considerable stake from Chinese partner SAIC. What started as a 50%-50% joint venture is now a 93%-7% arrangement, with GM set to call the shots.
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  • Oct. 16, 2012, 4:32 AM
    EU new-car registrations for September highlight the the sector's troubles in the region, slumping 10.8% to 1.1M, the fastest drop in a year. VW -13.8%, Ford (F) -15%, Opel (GM) -16%, Renault -33% but BMW +11%. In Jan-Sep, sales -7.6% to 9.15M. (PR)
  • Oct. 12, 2012, 11:27 AM
    It's too early to tell which lighter-weight materials will become dominant in carmaking as tough new federal fuel-efficiency rules take hold, NYT reports. The Energy Department says reducing a car’s weight by only 10% can improve fuel economy 6%-8%; technologies showing promise in lightening vehicles are supported by $8M in awards the agency has doled out to the likes of GM, F and CAT.
  • Oct. 12, 2012, 10:45 AM
    General Motors (GM -0.4%) and Peugeot (PEUGY.PK) plan to form a joint venture as talks between the two automakers over merging Opel with Peugeot advance. Though a linkup would reduce costs, it's estimated that it could take over four years to bring a new vehicles to the market.
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  • Oct. 11, 2012, 6:45 AM
    General Motors (GM -0.6%) plans to introduce 13 new models for its Chevrolet brand in 2013 including refreshed versions of the Silverado pickup, Tahoe SUV, and Spark electric vehicle. The company says more younger buyers are considering buying Chevrolet vehicles after being off their radar for years.
  • Oct. 10, 2012, 1:56 PM
    General Motors (GM -0.6%) and Ford (F -0.9%) could be in line for extra global sales in Q4 as rivals Toyota (TM -2%) and Honda (HMC -0.7%) reel from the double-whammy of large recalls and slumping sales in China. Analysts warn that a territorial dispute between China and Japan could keep an informal boycott of Japanese products in place for months, while the safety recalls for both automakers are another hit to their reputation for quality.
  • Oct. 9, 2012, 6:25 PM
    "Government Motors" indeed: Robert Ferguson, named today by GM to the new position of "vice president, global Cadillac," is not a “car guy” - he's a government guy, joining GM in 2010 and serving as GM’s chief lobbyist in D.C. But given recent trade tensions between the U.S. and China, his government relations skills could come in handy.
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  • Oct. 9, 2012, 7:24 AM
    The territorial dispute between China and Japan that sparked anti-Japan sentiment in China (previous) doesn't look like a short-term blip to auto sales, according to analysts. A new study from JPMorgan predicts auto exports to China from Japanese automakers such as Toyota (TM), Honda (HMC), Nissan (NSANY.OB) will crash 70% during Q4 and could stay low through 2013. Waiting in the wings: The flareup occurs with General Motors (GM) just coming off a record month in the nation and ramping up production plans.
  • Oct. 8, 2012, 9:26 AM
    Moving on plans to reabsorb IT workers, General Motors (GM) will create 1,500 jobs at a new Michigan software development center - the second of four planned, after a previously announced location in Austin, Texas. The moves are a reversal of years of outsourcing, but there's still no news on potential costs or savings.
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Company Description
General Motors Company designs, builds and sell cars, trucks and automobile parts. The Company also provides automotive financing services through General Motors Financial Company, Inc.