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General Motors Co (GM.N)

GM.N on New York Stock Exchange

24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

General Motors says will add or retain about 900 jobs across three Michigan facilities during next 12 months
Wednesday, 15 Mar 2017 09:19am EDT 

General Motors Co : it will add or retain approximately 900 jobs across three Michigan facilities during the next 12 months .900 jobs are in addition to the 7,000 jobs and $1 billion in U.S. investments GM announced earlier this year.  Full Article

GM, Honda announce executive structure for their JV, Fuel Cell System Manufacturing
Tuesday, 7 Mar 2017 12:13pm EST 

General Motors Co : Co, Honda announced executive structure for their joint venture company, Fuel Cell System Manufacturing LLC . Suheb Haq of GM will serve as president of FCSM, and Tomomi Kosaka of Honda will be the new company’s vice president . FCSM will include a board of directors consisting of three executives from each company that will include a rotating chairperson .Co, Honda plan to rotate the positions of president and vice president for Fuel Cell System Manufacturing, every two years.  Full Article

GM India to cease vehicle manufacturing at Halol plant on April 28
Tuesday, 7 Mar 2017 05:15am EST 

GM India: GM India to cease vehicle manufacturing at Halol plant on April 28 . "Will support our employees at the Halol plant throughout this transition" . Have in place the options of separation package or continuity of employment at Talegaon plant . Will cease production at Halol manufacturing facility on April 28, 2017, as co consolidates manufacturing at its Talegaon facility . "Transition support for employees will include financial counselling and tax advice," . GM India continues to work towards the asset-only sale of the Halol site.  Full Article

GM says Feb China vehicle sales +0.4 pct y/y
Sunday, 5 Mar 2017 09:23pm EST 

General Motors Co says: Feb China vehicle sales total 246,730 units, +0.4 percent y/y, versus -24 percent in Jan .Jan-Feb China vehicle sales total 567,994 units, -14.8 percent y/y, versus +0.5 percent year ago.  Full Article

General Motors says Feb U.S. total sales up 4 pct to 237,388 units
Wednesday, 1 Mar 2017 09:35am EST 

General Motors Co : Feb U.S. total sales were up 4 percent to 237,388 units . sees U.S. February auto industry sales at 17.5 million vehicles on an annualized basis . says 2017 year-end inventories, which include in-transit vehicles, are expected to be in same range as 2016 .says GM's 2017 deliveries to daily rental companies expected to decline as percentage of total sales for third year in a row.  Full Article

Axalta Coating Systems renews 3-year deal with General Motors UK
Wednesday, 1 Mar 2017 09:00am EST 

Axalta Coating Systems Ltd : Axalta Coating Systems and General Motors UK renew three-year agreement .Axalta Coating Systems - deal names Axalta's 3 brands Cromax, Spies Hecker, Standox officially approved suppliers for paint repairs on Vauxhall in UK.  Full Article

Isuzu Motors says it will purchase stake in General Motors East Africa- Nikkei
Tuesday, 28 Feb 2017 02:41pm EST 

Nikkei- :Isuzu announced Tuesday that it will purchase as early as April a 57.7% stake in General Motors East Africa- Nikkei.  Full Article

UK PM May speaks to Peugeot chairman Tavares- PM's office
Wednesday, 22 Feb 2017 03:25pm EST 

: PM May spoke to chairman of PSA Peugeot-Citroen Carlos Tavares this afternoon- PM's office . UK PM May, Peugeot chairman Tavares discussed desire to protect and promote the jobs Vauxhall's plants supports- PM's office . UK PM May, Peugeot chairman Tavares discussed 'shared goal' of strengthening UK's automotive supply chain- PM's office Further company coverage: [PEUP.PA] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

General Motors, Peugeot said to value Opel at about $2 bln,talks advance- StreetInsider, citing Bloomberg
Friday, 17 Feb 2017 12:38pm EST 

: General Motors , Peugeot said to value Opel at about $2 billion, talks advance - StreetInsider, citing Bloomberg ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Opel CEO says merger with PSA makes sense in principle
Friday, 17 Feb 2017 06:32am EST 

Opel CEO on Twitter : Says merger with PSA makes sense in principle, doing everything to create sustainable future for Opel Further company coverage: [GM.N] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

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