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General Motors Co (GM.N)

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Latest Key Developments (Source: Significant Developments)

General Motors sees total revenue in 2016 of about $165 bln
Tuesday, 10 Jan 2017 05:35pm EST 

General Motors Co : Sees total revenue in 2016 of about $165 billion - SEC filing . Sees 2017 CAPEX of about $9 billion Source: (http://bit.ly/2jfWJvj) Further company coverage: [GM.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

General motors co -expands availability of rear seat reminder technology
Tuesday, 6 Dec 2016 08:34am EST 

General Motors Co : General Motors Co - GM expands availability of rear seat reminder technology .General Motors Co - rear seat reminder will be offered across many buick, Cadillac, Chevrolet and GMC vehicles by the 2018 model year.  Full Article

GM says November China vehicle sales +7 percent y/y
Monday, 5 Dec 2016 02:47am EST 

General Motors Co says: November China vehicle sales total 371,740 units, +7 percent y/y, versus +5.7 percent in October .Jan-Nov China vehicle sales total 3,435,788 units, +8.5 percent y/y, versus +4.1 percent same period a year ago.  Full Article

General Motors says U.S. vehicle sales in November rose 10.2 pct
Thursday, 1 Dec 2016 09:30am EST 

General Motors Co : General Motors says U.S. vehicle sales in November rose 10.2 percent to 252,644 units . General motors estimates seasonally adjusted annual selling rate (SAAR) for light vehicles in November was about 17.9 million units .General motors says U.S. auto industry "well-positioned for sales to continue at or near record levels into 2017".  Full Article

GM China venture to recall 40,600 vehicles for possible brake line rupture
Tuesday, 29 Nov 2016 10:06pm EST 

China quality watchdog General Administration of Quality Supervision, Inspection and Quarantine says: General Motors' China venture with SAIC Motor Corp Ltd <600104.SS> to recall 40,600 vehicles due to possible rupture in brake line .GM spokeswoman says that recall includes some Buick Envision sport-utility vehicles exported to U.S..  Full Article

GM to buy 50 MW of wind power produced in Texas
Wednesday, 16 Nov 2016 01:15pm EST 

General Motors Co : Says it will purchase 50 megawatts of power produced at Cactus Flats, a 150-megawatt wind farm being developed in Concho County, Texas .Will source wind power through an agreement with Renewable Energy Systems.  Full Article

General Motors says total U.S. sales in October were 258,626 vehicles
Tuesday, 1 Nov 2016 08:28am EDT 

General Motors Co : Total U.S. sales in October were 258,626 vehicles, down less than 2 percent from last year . Sold 208,290 vehicles in October to individual or "retail" customers in U.S., up 3 percent from last year . Estimates seasonally adjusted annual selling rate (SAAR) for light vehicles in October was approximately 18.0 million units . Says Chevrolet Silverado pickup truck Oct sales down 3.6 percent from year ago . Says on a calendar year-to-date basis, GM estimates the light-vehicle SAAR was 17.4 million units Source (http://bit.ly/2f9dfMe) Further company coverage: [GM.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

GM Financial says net income of $147 mln for qtr ended Sept 30
Tuesday, 25 Oct 2016 07:40am EDT 

General Motors Financial Company : Net income of $147 million for quarter ended september 30, 2016, compared to $179 million for quarter ended september 30, 2015 . Consumer loan and lease originations of $11.2 billion for september quarter .Net charge-offs were 2.0% of average retail finance receivables for quarter ended September 30, 2016 versus 1.9%.  Full Article

GM's 3rd-qtr revenue rises 10.3 pct
Tuesday, 25 Oct 2016 07:30am EDT 

General Motors Co : Q3 non-GAAP earnings per share $1.72 . Q3 GAAP earnings per share $1.76 . Q3 GAAP net revenue rose 10.3 percent to $42.8 billion . Q3 global deliveries were 2.4 million units, up 3.8 percent . Q3 non-GAAP EBIT-adjusted margin 8.3 percent, up 0.3 pts .Q3 earnings per share view $1.45, revenue view $39.29 billion -- Thomson Reuters I/B/E/S.  Full Article

GM expects FY2016 adj. diluted EPS at $6.00
Tuesday, 25 Oct 2016 07:30am EDT 

General Motors Co : GM expects full-year earnings per diluted adjusted share at the high end of its previously stated range of $5.50 - $6.00 .FY2016 earnings per share view $5.85 -- Thomson Reuters I/B/E/S.  Full Article

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General Motors says to invest additional $1 billion in U.S.

WASHINGTON General Motors Co on Tuesday confirmed it will invest an additional $1 billion in its U.S. factories in 2017 and will move some parts production from Mexico to the United States that was previously handled by a supplier.