Edition:
United States

General Motors Co (GM.N)

GM.N on New York Stock Exchange

35.42USD
17 Aug 2017
Change (% chg)

$-0.33 (-0.92%)
Prev Close
$35.75
Open
$35.61
Day's High
$35.65
Day's Low
$35.35
Volume
267,875
Avg. Vol
3,230,378
52-wk High
$38.55
52-wk Low
$30.13

Latest Key Developments (Source: Significant Developments)

GM announces voluntary delisting from Toronto Stock Exchange‍​
Wednesday, 16 Aug 2017 11:21am EDT 

Aug 16 (Reuters) - General Motors Co ::GM announces voluntary delisting from Toronto Stock Exchange‍​.After delisting from the TSX, the company’s common stock will continue to trade on the NYSE under the symbol GM‍​.Says "company believes that the costs associated with maintaining a dual listing are no longer justified"‍​.Effective at the close of markets on Nov. 30, 2017 the company’s shares will no longer be traded on the TSX‍​.Given relatively low trading volume of company's shares on TSX, company believes costs associated with maintaining a dual listing are no longer justified‍​.  Full Article

GM recalling roughly 800,000 pickups for steering defect - AP
Friday, 4 Aug 2017 06:12pm EDT 

Aug 4 (Reuters) - :GM recalling roughly 800,000 pickups for steering defect - ap.Recall includes roughly 800,000 Chevrolet Silverado 1500 and GMC Sierra 1500 pickup trucks worldwide - AP.  Full Article

BRIEF-GM prices $3 bln of senior unsecured notes (August 2)‍​
Thursday, 3 Aug 2017 08:14am EDT 

Aug 2 (Reuters) - General Motors Co ::GM prices $3.0 billion of senior unsecured notes‍​.General Motors Co - pricing of four series of senior unsecured notes for a total of $3.0 billion‍​.GM - notes include $0.5 billion of floating rate notes due in 2020, $0.75 billion of 4.20 pct notes due in 2027.GM - notes also include $1 billion of 5.15 pct notes due in 2038, $0.75 billion of 5.40 pct notes due in 2048‍​.  Full Article

GM prices $3 bln of senior unsecured notes‍​
Wednesday, 2 Aug 2017 06:28pm EDT 

Aug 2 (Reuters) - General Motors Co ::GM prices $3.0 billion of senior unsecured notes‍​.General Motors Co - pricing of four series of senior unsecured notes for a total of $3.0 billion‍​.GM - notes include $0.5 billion of floating rate notes due in 2020, $0.75 billion of 4.20 pct notes due in 2027.GM - notes also include $1 billion of 5.15 pct notes due in 2038, $0.75 billion of 5.40 pct notes due in 2048‍​.  Full Article

General Motors offers senior unsecured notes
Wednesday, 2 Aug 2017 09:04am EDT 

Aug 2 (Reuters) - General Motors Co :General Motors offers senior unsecured notes.General Motors Co - ‍launched an offering of senior unsecured fixed and floating rate notes​.General Motors - intends to use net proceeds from sale of notes to fund payments related to certain European pension obligations.  Full Article

General Motors reports July U.S. retail sales down about 14 pct
Tuesday, 1 Aug 2017 09:45am EDT 

Aug 1 (Reuters) - General Motors Co :General motors reports July U.S. retail sales of 202,220 vehicles, down about 14 percent.General motors says under current economic conditions, anticipate u.s. Auto sales in second half of 2017 to be "much stronger than the first half".  Full Article

General Motors says anticipate to end 2017 at or below last year’s level in U.S.
Tuesday, 1 Aug 2017 09:43am EDT 

Aug 1 (Reuters) - General Motors Co ::General Motors says anticipate to end 2017 at or below last year’s level, with fewer cars and more trucks, crossovers and utilities in mix in U.S..General motors says pickup, crossovers and utility sales are expected to be stronger in the second half of 2017 versus first half in u.s..  Full Article

GM says not experienced supply interruptions from Takata insolvency proceedings
Tuesday, 25 Jul 2017 12:44pm EDT 

July 25 (Reuters) - General Motors Co::Company has not experienced any supply interruptions arising from Takata initiating formal insolvency proceedings - SEC filing‍​.Says expects to recognize charge resulting from sale of the European business of about $5.5 to $6.0 billion.Anticipate Takata will continue uninterrupted supply of component parts to GM during insolvency proceedings.Will retain net underfunded pension liabilities of about $7.0 billion primarily to current pensioners, former employees of European business with vested pension rights.  Full Article

General Motors reports Q2 earnings per share from cont ops of $1.60
Tuesday, 25 Jul 2017 09:25am EDT 

July 25 (Reuters) - General Motors Co ::Q2 earnings per share from continuing operations $1.60.Q2 adjusted earnings per share from continuing operations $1.89.Q2 GAAP revenue $37.0 billion.Q2 earnings per share view $1.69, revenue view $40.15 billion -- Thomson Reuters I/B/E/S.Q2 GM North America net income $3.48 billion versus $3.75 billion.Q2 GM international operations net income $340 million versus $190 million.Q2 GM Financial net income $357 million versus $214 million.Says strong Q2 performance supports 2017 FY EPS-adjusted from continuing operations guidance of $6.00 to $6.50.Sees FY 2017 revenue more than or equal to FY 2016 revenue.Sees FY 2017 consolidated company cash flow of about $6 billion.FY2017 earnings per share view $6.07, revenue view $157.18 billion -- Thomson Reuters I/B/E/S.Sees FY 2017 EBIT-adjusted margin of more than or equal to FY 2016 EBIT-adjusted margin.Says for 2017, sees to return up to $7 billion in capital to shareholders with share repurchases of about $5 billion, dividends of about $2.2 billion.Says Q2 was negatively impacted by special items of $654 million.  Full Article

General Motors sets quarterly dividend of $0.38/share
Monday, 24 Jul 2017 11:42am EDT 

July 24 (Reuters) - General Motors Co ::Sets quarterly dividend of $0.38per share.  Full Article

Photo

GM's Maven assembling building blocks for ride, delivery services

General Motors Co's Maven car sharing and rental unit is expanding its partnerships in ride and delivery services as parent GM considers whether to enter the on-demand mobility business now dominated by Uber Technologies and Lyft Inc.