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GM

General Motors Company

6/19/2013, 5:11 PM ET

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Wednesday, June 19, 10:44 AM Winners and losers from Chrysler's (FIATY.PK) fight with the NTHSA: Though it capitulated and agreed to a recall, Chrysler scored a cheap fix (adding trailer hitches) to what could have been a more expensive issue and protected its brand in front of the planned buyout by Fiat and eventual IPO. The NHTSA saves itself what may have been a painful process of going through discovery - while General Motors (GM) and Ford (F) got a free look at how a battle with the agency goes down. Consumers with 1993-2004 Grand Cherokees and 2002-07 Libertys walk away with a little extra value due to the new trailer hitch, but might still be wondering about those rear-end collisions. 2 Comments [Consumer, Global & FX]
Wednesday, June 19, 7:11 AM General Motors (GM) says it has no plans to invest more money in PSA Peugeot Citroen (PEUGF.PK). The two automakers share costs to jointly manufacture cars in Europe under a broad agreement. Comment! [Consumer]
Wednesday, June 19, 6:50 AM General Motors (GM) sets a goal of increasing its market share of the luxury automobile market in China to 10% by 2020. In order to achieve the mark, GM will need to increase the number of Cadillacs it sells in the country to close to 250K per year from a current level of around 30K. The automaker has plans to introduce 10 new or upgraded models in China per year through 2016 1 Comment [Consumer]
Tuesday, June 18, 3:06 AM The EU new-car market showed no signs of bottoming out in May as registrations dropped 5.9% to 1.04M units, the lowest level for the month since 1993. The fall followed a 1.7% gain in April. In January-May, registrations slid 6.8% to 5.07M vehicles. GM (GM) was among those to suffer the most in May with an 11.3% decline. Toyota registrations dropped 4.9% but those of Ford fell just 0.3%. (PR) 1 Comment [Consumer, Global & FX]
Monday, June 17, 1:30 PM Nissan (NSANY.OB) is threatening to put a damper on the summer profits of the Big Three (GM, F, FIATY.PK) automakers with new aggressive pricing stemming from a lower yen and an urge to gain market share in the U.S. What to watch: Nissan's "scorched-earth" pricing policy is running up against an onslaught of new models from Detroit with positive reviews. The U.S. automakers may hold the line on prices - unless Toyota (TM) gets aggressive as well and forces the issue. 3 Comments [Consumer]
Monday, June 17, 7:14 AM General Motors (GM) expands a previous recall of SUV models to include another 231K vehicles and bring the total to 480K vehicles. The recall is to address an issue with a potential electrical short which could cause a fire. Comment! [Consumer]
Friday, June 14, 1:08 PM The new 2014 Cadillac CTS sedan will sticker at $46,025, more than $6K above the previous version of the luxury car. The updated model is still selling for less than main rivals the 2014 Mercedes-Benz E350 sedan and the 2014 BMW 5-series sedan. The big picture: A lot of the success of General Motors (GM -0.9%) in the U.S. can be tied to the resurgence of Cadillac. Will the brand's heightened prestige help push GM's margins higher? 3 Comments [Consumer]
Friday, June 14, 10:10 AM The Big Three (GM, F, FIATY.PK) automakers are lobbying hard for continued tariffs on Japanese cars, according to Nikkei. The existing import tariffs in the U.S. on Japanese automakers (TM, HMC, NSANY.OB, MZDAY.PK, SZKMY.PK) have been a key negotiating point in recent trade talks and proposed agreements. 2 Comments [Consumer]
Thursday, June 13, 9:43 AM Automobile industry watchers see some tension developing over a plan by Apple to make iOS more integrated into vehicle systems as they resist giving up control of the consumer experience and in the case of OnStar potentially making a valuable asset less appealing. Chevrolet (GM), Opel (GM), Nissan (NSANY.OB), Honda (HM), Acura (TM), and Jaguar (TTM) amongst others have indicated they plan to use iOS in vehicles - but how far will they go? 3 Comments [Consumer, Global & FX]
Thursday, June 13, 7:06 AM General Motors (GM) round up: 1) The automaker says it has a goal of having an investment grade credit rating within a year. 2) OnStar is expanding with plans to launch in Mexico later this year. 3) GM sets a target of having 9% of the luxury market by 2016 and 9.2% by 2020, up from this year's market share of 8.5%. (GM Global Business Conference Call) Comment! [Consumer]
Thursday, June 13, 6:49 AM General Motors (GM) disputes a report in a German newspaper that it plans to start building the Chevrolet Cruze at an Opel plant in Poland beginning at the end of next year. The automaker is looking for a new production facility after confirming the next generation of the Cruze won't be built in South Korea. 1 Comment [Consumer]
Wednesday, June 12, 3:01 PM General Motors (GM -1.3%) indicates it will take a two-week break from production at a plant in St. Petersburg this summer to adjust for a slowdown in demand in the Russian automobile market. Car sales are off 4% YTD in Russia and suffered a double-digit drop in May. Comment!
Wednesday, June 12, 11:50 AM General Motors (GM -0.2%) top product development exec tells analysts at a briefing that the automaker is making progress in meeting its goal of significantly boosting its profit margins. One shining example of GM's cost-savings initiative is a move to go from 11 air bag systems across models to a single design. (Previous: GM margins in focus) Comment! [Consumer]
Wednesday, June 12, 7:47 AM General Motors (GM) exec Bob Ferguson thinks Cadillac sales can increase 30% this year as new models hit showrooms - including the 2014 CTS and 2014 plug-in ELR coupe. For the first time in a long while, Cadillac's lineup is broader than peers Mercedes, BMW, and Lexus. 3 Comments [Consumer]
Tuesday, June 11, 3:27 PM General Motors (GM -2.1%) appears to be firing on all cylinders with refreshed models set to come to the market amid strong demand in the U.S. The automaker has also improved its market share while starting the process of shedding the stigma of being propped up by the government. What's left? Margins, according to CEO Dan Akerson. For the success story to be complete, profit margins need to improve to a daunting 10% by mid-decade after averaging 7.4% over the last three years. Comment! [Consumer]
Tuesday, June 11, 8:30 AM General Motors (GM) plans to cut the price of its electric Chevy Volt by $4K in order to boost sales and match promotional activity from Nissan and Toyota. After factoring in tax incentives, a 2013 Volt can be snapped up for as low as $28,500 or leased for three years at $269 per month with a $2,399 down payment. What to watch: GM is sitting on plenty of Volt inventory it needs to clear to make way for new EV models. Will pricing hit a break point to spur sales? 3 Comments [Consumer]

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