$GM (General Motors Company)

$GM {{ '2016-01-04T19:40:27+0000' | timeago}} • Announcement

Auto maker $GM said that its Board of Directors have elected Mary Barra as Chairman, effective immediately. Barra succeeds Theodore Solso, who will continue serving as the board's Lead Independent Director. Barra previously served as the company's CEO since Jan. 15, 2014.

$GM {{ '2017-07-05T11:21:05+0000' | timeago}} • Announcement

$GM and its JV in China achieved its highest June sales ever, with deliveries rising 4.3% on an annual basis to 285,191 vehicles. The Buick, Cadillac and Baojun brands had record results for June, while Chevrolet had its strongest growth in six months. $GM's SUV segment remained the key driver of its sales growth and grew 42% in June.

$GM {{ '2017-07-03T14:04:22+0000' | timeago}} • Announcement

$GM reported a 3% annual decrease in overall US retail sales in June. However, sales of crossover vehicles jumped 23% on strong performance by the Chevrolet Equinox and Buick brands. Commercial sales in the US rose 36% during the month.  Total global vehicle sales were lower by 5% compared to June 2016.

$GM {{ '2017-06-05T12:15:56+0000' | timeago}} • Announcement

$GM and its JV in China recorded sale of 294,425 vehicles in China in May 2017. On a YoY basis, Cadillac deliveries surged 65%, while Baojun sales increasing 47%. $GM deliveries of SUVs, MPVs and luxury vehicles rose a combined 9.5% YoY. Deliveries for Buick totaled 94,023 units, while that for Chevrolet was 37,571 units during this period.

$GM {{ '2017-05-26T17:31:28+0000' | timeago}} • Announcement

Independent proxy advisory firm Glass Lewis recommended that $GM shareholders vote For All of the Board’s nominees and Against the Greenlight proposal at the company's 2017 Annual Meeting of Shareholders to be held on June 6, 2017.

$GM {{ '2017-05-04T12:05:34+0000' | timeago}} • Announcement

$GM and its joint ventures in China delivered 272,770 vehicles in April. Sales were down 1.9% YoY. The Cadillac and Baojun brands increased 98% and 58% in April respectively from a year earlier. GM deliveries of luxury vehicles, SUVs and MPVs increased a combined 14% on an annual basis and represented nearly half of the company’s sales in April.

$GM {{ '2017-05-02T15:31:22+0000' | timeago}} • Announcement

$GM’s total sales in April were down 6% as there was one fewer selling day YoY. Selling-day-adjusted sales were about 4 percentage points higher than reported sales. Retail sales were 191,911 units, down 4%, while fleet sales were 52,495 units, down 11%.

$GM {{ '2017-04-28T19:10:39+0000' | timeago}} • Webcast

$GM stated that on the commodity mix for 2017, through April, the headwind is greater than expected. In 1Q17, on a YoverY basis, commodities were about a $200MM headwind.

$GM {{ '2017-04-28T18:49:23+0000' | timeago}} • Webcast

$GM said that it is running against a challenging environment mainly in the Middle East. The biggest driver of the YoY deterioration in GMI is the contraction of the Middle East industry, given the oil prices. On Australia impact, $GM stated it won't see that until 2018, when the company fully winds down manufacturing.

$GM {{ '2017-04-28T14:55:20+0000' | timeago}} • Infographic

$GM General Motors Earnings AlphaGraphics: Q1 2017 highlights

$GM {{ '2017-04-28T12:47:42+0000' | timeago}} • Announcement

$GM expects to return up to $7Bil to shareholders by the end of FY17 through common stock dividends, and through share buybacks. The automaker sees improved total net sales and revenue for the year, with diluted EPS at $3.06-3.56. Adjusted automotive free cash flow is expected at $6Bil.

$GM {{ '2017-04-28T12:44:30+0000' | timeago}} • Announcement

In 1Q17, $GM delivered 689,521 total vehicles in the United States, driven by a 16% increase in crossover deliveries and a 3% growth in truck deliveries. In China, retail deliveries decreased 5.2% to 913,442 vehicles, due to a reduction in the country’s vehicle tax purchase incentive.

$GM {{ '2017-04-28T12:42:45+0000' | timeago}} • Announcement

In 1Q17, $GM's average equity was $44.8Bil vs. $38.1Bil a year ago. ROE was 22.5%, compared to 28.1% a year ago. Worldwide new vehicle sales went up to 1.48MM from last year's 1.41MM vehicles. Total worldwide retail sales were 2.34MM vehicles, down from 2.38MM.

$GM {{ '2017-04-28T12:35:05+0000' | timeago}} • Announcement

Total sales at $GM soared 10.6% to $41.2Bil in 1Q17, as the auto giant posted a 33.5% jump in net income of $2.61Bil from last year's $1.95Bil. Earnings rose 37.1% to $1.70 per diluted share, driven by retail sales of full-size trucks and crossovers in the United States.

$GM {{ '2017-04-05T12:48:55+0000' | timeago}} • Announcement

$GM said Cadillac sold 27,406 vehicles in March 2017 globally, up 22.1%, helped by 65% growth in midsize luxury crossover segment. Cadillac’s growth in China was 63% in March.

$GM {{ '2017-04-03T16:04:37+0000' | timeago}} • Announcement

$GM sees inventory in 2Q17 to be lower than 1Q, in range around 90 days' supply. This reflects strong sales, lower car output and strategic, launch-related growth in truck and crossover stocks. $GM expects to end 2017 at essentially same inventory levels as 2016 on a days' supply basis, but with fewer cars and more trucks and crossovers in stock.

$GM {{ '2017-04-03T16:01:36+0000' | timeago}} • Announcement

$GM expects deliveries to daily rental companies to decline for the third year in a row, and ten all-new or recently redesigned crossovers to drive $GM's sales and share higher in 2017. $GM believes strong car-buying fundamentals are reflected in the retail component of the light vehicle SAAR, which was 14MM in March, up 0.3MM versus a year ago.

$GM {{ '2017-04-03T15:59:07+0000' | timeago}} • Announcement

$GM's commercial deliveries for 1Q17 were up 4% and daily rental deliveries were down 8%, or about 6,000 units. Total sales rose 1% to 689,521 units and market share was up an estimated 0.3 percentage points to an estimated 16.7%. Average transaction prices were about $34,000, in line with last year.

$GM {{ '2017-04-03T15:56:19+0000' | timeago}} • Announcement

$GM's retail sales for 1Q17 rose 1.9% to 546,838 units and retail market share was up 0.2 percentage points to an estimated 16.8%. The gains were primarily driven by crossovers, which were up 21%. Truck deliveries were up half a percentage point. Chevrolet increase its 1Q retail share by an estimated 0.1 percentage point, as did GMC.

$GM {{ '2017-04-03T15:53:56+0000' | timeago}} • Announcement

$GM's commercial deliveries for the month of March 2017 were up 3% driven by a 67% increase in Malibu deliveries and strong pickup and large van sales. Daily rental sales down 18% or more than 5,100 units. Fleet sales were down 9%.

$GM {{ '2017-04-03T15:52:28+0000' | timeago}} • Announcement

$GM reported retail sales for the month of March 2017 of 203,113 units, up 5% from last year, and market share was up 0.6 percentage points to an estimated 16.1%. Chevrolet's expected retail market share rose 0.4 percentage points and Buick was up 0.3 percentage points. Total sales rose 2% to 256,224 units.

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