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General Motors Co (GM.N)

GM.N on New York Stock Exchange

33.22USD
23 May 2017
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Latest Key Developments (Source: Significant Developments)

General Motors to begin talks on transition plan after decision to stop car sales in India
6:00am 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

Greenlight Capital sends letter to GM's shareholders
Thursday, 4 May 2017 09:00am EDT 

May 4 (Reuters) - General Motors Co ::Greenlight Capital sends letter to general motors’ shareholders.Greenlight Capital - urges shareholders to vote for greenlight’s three director nominees and for proposal to split GM common stock into two classes.Greenlight Capital - "while a higher stock price will not cause GM to sell more cars today, it may be essential to GM's ability to compete in future".  Full Article

GM's China sales in April down 1.9 pct y/y
Thursday, 4 May 2017 02:26am EDT 

May 4 (Reuters) - General Motors Co says::China sales in April totalled 272,770 vehicles, down 1.9 percent from a year earlier.China sales during the first four months of this year totalled 1,186,212 vehicles, down 4.5 percent from a year-ago period, according to Reuters' calculation.  Full Article

Mastercard announced expansion of long-standing relationship with General Motors
Tuesday, 2 May 2017 01:00pm EDT 

May 2 (Reuters) - Mastercard Inc :Mastercard Inc says announced a expansion of its long-standing relationship with General Motors.  Full Article

General Motors says April U.S. retail sales fell 5.8 pct to 244,406 vehicles
Tuesday, 2 May 2017 11:26am EDT 

May 2 (Reuters) - General Motors Co ::April U.S. retail sales of 244,406 vehicles, down 5.8 percent on a volume basis.Expects to end 2017 at essentially same inventory levels as 2016 on a days’ supply basis, but with fewer cars, more trucks & crossovers in stock.  Full Article

GM announces deconsolidation of its business in Venezuela, effective as of May 1
Tuesday, 2 May 2017 09:16am EDT 

May 2 (Reuters) - General Motors Co : :GM says announced the deconsolidation of its business in Venezuela, effective as of May 1, 2017.Deconsolidation follows the unexpected seizure of GM's Venezuelan plant on April 18 by judicial authorities.Deconsolidation of Venezuelan business is expected to result in a charge of up to approximately $100 million.All former employees have since been paid separation benefits as legally required.Seizure of GM's Venezuelan plant forced co to "cease operations and terminate employment relationships due to causes beyond parties' will".Executives expressed willingness to talk with government officials, union leaders about possiblity to start production, employ some workers with new business model.  Full Article

GM says aware of one putative class action pending against Co in U.S. court through April 17
Friday, 28 Apr 2017 11:56am EDT 

April 28 (Reuters) - GM::Through April 17, aware of one putative class action pending against company in U.S. court based on allegations of defective Takata airbag inflators - SEC filing.Through April 17, aware of one putative class action against company in Mexico, 7 putative class actions pending in various provincial courts in Canada.New Mexico Attorney General has initiated litigation against Takata and numerous automotive manufacturers, including GM.  Full Article

General Motors Co reports Q1 earnings per share $1.70
Friday, 28 Apr 2017 07:31am EDT 

April 28 (Reuters) - General Motors Co :Q1 earnings per share $1.70; Q1 adjusted earnings per share $1.70; Q1 revenue $41.2 billion, up 10.6 percent.Q1 earnings per share view $1.48, revenue view $40.75 billion -- Thomson Reuters I/B/E/S.Q1 worldwide retail vehicle sales of 2.34 million units versus 2.38 million units sold last year.Says Q1 GM North America net income $3.42 billion versus $2.30 billion.Q1 GM International Operations net profit $319 million versus $379 million.Q1 GM financial net revenue $2.9 billion, up 38.7 percent.Sees fy 2017 adjusted earnings per share $6.00 - $6.50; sees FY 2017 earnings per share $3.06 - $3.56.FY2017 earnings per share view $5.95 -- Thomson Reuters I/B/E/S.Q1 GM Europe net loss $201 million versus net loss of $6 million last year.For FY 2017, expect improved total net sales and revenue, ebit-adjusted, ebit-adjusted margins that equal or exceed corresponding amounts in 2016.  Full Article

General Motors sets quarterly dividend of $0.38 per share
Thursday, 27 Apr 2017 02:44pm EDT 

April 27 (Reuters) - General Motors Co ::GM declares dividend.Sets quarterly dividend of $0.38 per share.  Full Article

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BRIEF-General Motors to begin talks on transition plan after decision to stop car sales in India

* Says to begin talks with dealers on a transition plan this week after co decided to stop sales of cars in India