$GM (General Motors Company)

$GM {{ '2016-06-09T19:30:58+0000' | timeago}} • Announcement

$GM said it has promoted Alicia Boler-Davis as EVP, Global Manufacturing. She succeeds Jim DeLuca, who is retiring after a 37-year career that included key positions in manufacturing, labor relations and quality. The company said the transition will begin immediately.

$GM {{ '2017-07-25T19:12:04+0000' | timeago}} • Webcast

As the carmaker posted 2Q17 results, $GM expects to return up to $7Bil to shareholders by the end of 2017 through dividends and share buybacks. GM's production is seen to be impacted in 3Q17.

$GM {{ '2017-07-25T14:26:13+0000' | timeago}} • Infographic

$GM General Motors Earnings AlphaGraphics: Q2 2017 highlights

$GM {{ '2017-07-25T12:53:46+0000' | timeago}} • Announcement

$GM expects the India and South Africa restructuring announcements to generate $0.1Bil of run rate EBIT-adjusted improvements on an annual basis. Following the close of the Opel/Vauxhall transaction, GM sees to reduce its average cash balance target to $18Bil.

$GM {{ '2017-07-25T12:10:39+0000' | timeago}} • Announcement

With $GM's plan to phase out the Chevrolet brand in South Africa and India markets by the end of 2017, GM China plans to introduce 10 new models in the second half of 2017. Chevrolet will introduce the Bolt EV in the U.S. markets nationwide by August 1.

$GM {{ '2017-07-25T12:02:34+0000' | timeago}} • Announcement

US auto market slowdown reached the car making giant $GM with 2Q17 attributable earnings slumping 42% to $1.60Bil or $1.09 per diluted share. Net revenue from continuing operations fell 1.1% to $37.0Bil, even as GM delivered a total of 725,000 vehicles in the United States for the quarter.

$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.

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