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General Motors Co (GM.N)

GM.N on New York Stock Exchange

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23 Jun 2017
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Latest Key Developments (Source: Significant Developments)

-GM settles part of litigation over defective ignition switches
Friday, 23 Jun 2017 01:46pm EDT 

June 23 (Reuters) - * 23-Jun-2017 01:56:10 PM - GENERAL MOTORS REACHES CONFIDENTIAL SETTLEMENT WITH 203 PLAINTIFFS IN IGNITION SWITCH LITIGATION -- COURT FILING * 23-Jun-2017 01:57:02 PM - LAWYERS FOR GM SAY SETTLEMENT COULD RESOLVE HUNDREDS OF STATE COURT CLAIMS AS WELL -- COURT FILING :.  Full Article

General Motors Financial says sees disposal loss of up to $700 mln related to Peugeot S.A. deal
Wednesday, 21 Jun 2017 01:14pm EDT 

June 21 (Reuters) - General Motors Financial Company Inc::Sees disposal loss of up to $700 million related to Peugeot S.A. deal based on current foreign currency exchange rates-SEC filing.  Full Article

GM says Maven Gig expanding initial offering in San Diego to include San Francisco
Tuesday, 20 Jun 2017 12:17pm EDT 

June 20 (Reuters) - General Motors Co ::Maven Gig is expanding initial offering in san diego to now include San Francisco; service will launch in Los Angeles later this year.Additional vehicles, including chevrolet cruze ($189/week+taxes),malibu ($199/week+taxes),trax ($209/week+taxes) can be reserved in san francisco.Maven Gig members can reserve a chevrolet bolt ev for $229 per week plus taxes.  Full Article

GM plans to open new supplier park at its Arlington assembly
Friday, 16 Jun 2017 01:04pm EDT 

June 16 (Reuters) - General Motors Co ::General Motors says plans to open a new supplier park to support future vehicle production at its Arlington assembly.New park expected to house up to 1,250 employees, including bringing more than 850 new jobs to Arlington, Texas.Park is expected to be operational in 2018.  Full Article

General Motors says May total sales were 237,364 vehicles, down about 1 pct
Thursday, 1 Jun 2017 10:12am EDT 

June 1 (Reuters) - General Motors Co :Says May U.S. retail sales of 191,388 vehicles, up slightly from last year.Says May total sales were 237,364 vehicles, down about 1 percent from last year.Says "U.S. economic fundamentals remain strong" with a retail SAAR of 14.2 million through May, equal to last year's pace.Says remain on track to achieve year-end guidance for U.S. vehicle inventory levels.Says anticipate will end 2017 with about same day supply of vehicles as we did at end of 2016.Says launch-related downtime in the second half of year will cut nearly 100,000 units from inventory.  Full Article

GM calls lawsuit's claims over diesel truck emissions baseless
Thursday, 25 May 2017 12:27pm EDT 

May 25 (Reuters) - GM SAYS ITS SILVERADO, SIERRA DIESEL TRUCK EMISSIONS ALREADY COMPLY WITH U.S. EPA AS WELL AS CALIFORNIA EMISSIONS STANDARDS:.  Full Article

General Motors on class action lawsuit says "claims are baseless and we will vigorously defend ourselves"- CNBC
Thursday, 25 May 2017 12:27pm EDT 

May 25 (Reuters) - :General Motors on class action lawsuit says "claims are baseless and we will vigorously defend ourselves"- CNBC.  Full Article

Lawsuit accuses GM of using 'defeat devices' in diesel trucks
Thursday, 25 May 2017 11:10am EDT 

May 25 (Reuters) - LAWSUIT SAYS EMISSIONS TESTING HAS REVEALED THAT SILVERADO, SIERRA MODELS' EMISSIONS ARE HIGHER THAN FEDERAL REGULATORS PERMIT:.  Full Article

General Motors to begin talks on transition plan after decision to stop car sales in India
Wednesday, 24 May 2017 06:00am EDT 

May 24 (Reuters) - General Motors Co :Says to begin talks with dealers on a transition plan this week after co decided to stop sales of cars in India.Says working with dealers to "recognize some of the investments made in dealerships".  Full Article

Maven says to expand New York city operations
Monday, 15 May 2017 07:00am EDT 

May 15 (Reuters) - General Motors Co :Maven expands New York city operations.  Full Article

More From Around the Web

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GM settles hundreds of ignition switch lawsuits

NEW YORK General Motors Co has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows.