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General Motors Co (GM.N)

GM.N on New York Stock Exchange

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19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

General Motors Reports Dec U.S. Deliveries Of 308,539 Vehicles Down 3.3 Pct‍​
Wednesday, 3 Jan 2018 09:38am EST 

Jan 3 (Reuters) - General Motors Co ::GENERAL MOTORS CO - REPORTS DEC U.S. DELIVERIES OF 308,539 VEHICLES; DOWN 3.3 PCT‍​.GENERAL MOTORS CO - GM’S CHIEF ECONOMIST FORECASTS 2018 TOTAL VEHICLE SALES (INCLUDING MEDIUM AND HEAVY TRUCKS) TO EXCEED 17 MILLION UNITS.GENERAL MOTORS CO - 2018 LIGHT VEHICLE SALES ARE FORECASTED TO BE IN HIGH 16 MILLION-UNIT RANGE.  Full Article

Autocanada Reaches Agreements With GM Canada And Priestner
Thursday, 7 Dec 2017 05:15pm EST 

Dec 7 (Reuters) - Autocanada Inc ::AUTOCANADA REACHES AGREEMENTS WITH GM CANADA AND PRIESTNER.AUTOCANADA INC - AUTOCANADA WILL RECEIVE A ONE-TIME NET PAYMENT OF APPROXIMATELY $23 MILLION FROM CANADAONE AUTO GROUP AS PART OF TRANSACTION.AUTOCANADA INC - ANNOUNCED TWO NEW AGREEMENTS WITH GM CANADA.AUTOCANADA INC - EXECUTED PUBLIC COMPANY MASTER AGREEMENT WITH GM CANADA THAT PERMITS AUTOCANADA'S DIRECT OWNERSHIP & CONTROL OF GM CANADA DEALERSHIPS.AUTOCANADA - UNDER NEWLY NEGOTIATED DEALS, 5 DEALERSHIPS WILL BECOME MAJORITY OWNED & CONTROLLED BY AUTOCANADA & REMAINING 4 BY CANADAONE AUTO GROUP.AUTOCANADA - UNDER TERMS OF PCMA, EACH GENERAL MANAGER IN AUTOCANADA/GM CANADA DEALERSHIP TO BE REQUIRED TO OWN MINORITY EQUITY POSITION IN DEALERSHIP.  Full Article

GM Report 245,387 Deliveries In The United States In November, Down 2.9 Pct
Friday, 1 Dec 2017 10:42am EST 

Dec 1 (Reuters) - General Motors Co ::GM SAYS REPORTED 245,387 DELIVERIES IN THE UNITED STATES IN NOVEMBER, DOWN 2.9 PERCENT.GM SAYS "U.S. ECONOMIC GROWTH HAS STEPPED UP AND WE EXPECT THE MOMENTUM WILL CARRY OVER TO 2018".GM SAYS U.S. RETAIL SALES IN NOV WAS 197,340 VEHICLES, DOWN 0.1 PERCENT.GM SAYS ON TRACK TO CLOSE 2017 WITH "SIGNIFICANTLY" FEWER VEHICLES IN STOCK THAN IT HAD IN DEC 2016.  Full Article

GM Says New Trucks And SUVs Coming In 2018 Will Generate Strong Returns
Thursday, 30 Nov 2017 02:11pm EST 

Nov 30 (Reuters) - General Motors Co ::GM CEO MARY BARRA SAYS “MONETIZATION OF DATA (IN SHARED AVS) WILL BE ORDERS OF MAGNITUDE HIGHER THAN WE HAVE TODAY”.GM EXEC MARK REUSS SAYS GM HAS BRANDED NEW LOW-COST BATTERY SYSTEM AS EME 1.0, FOR ELECTRIC MOBILITY FOR EVERYBODY ‍​.CRUISE AUTOMATION CEO KYLE VOGT SAYS GM ACCELERATING TIMELINE TO FIRST MAJOR DRIVERLESS DEPLOYMENT‍​.CRUISE AUTOMATION CEO KYLE VOGT SAYS DEPLOY SELF-DRIVING VEHICLES IN KEY MAJOR METRO MARKETS TO DISRUPT INCUMBENTS.CRUISE AUTOMATION CEO KYLE VOGT SAYS SCALE UP PRODUCTION VOLUME TO DRIVE DOWN COSTS AND RAPIDLY DEPLOY IN ADDITIONAL MARKETS.CRUISE AUTOMATION CEO KYLE VOGT SAYS GM BOOSTING GLOBAL SELF-DRIVING DEVELOPMENT TEAM FROM 1,200 TO 2,100 IN 2018.CRUISE AUTOMATION CEO KYLE VOGT SAYS GM’S SELF-DRIVING TEAM LOCATED IN CALIFORNIA, MICHIGAN AND ISRAEL.CRUISE AUTOMATION CEO KYLE VOGT SAYS GM REDUCING THE COST OF LONG-RANGE LIDAR SENSORS FROM $20,000 TO $300.CRUISE AUTOMATION CEO KYLE VOGT SAYS GM TESTING SELF-DRIVING PROTOTYPES WITH 40 SENSORS, INCLUDING RADAR, LIDAR, CAMERAS.CRUISE AUTOMATION CEO KYLE VOGT SAYS GM’S EXPANDED SELF-DRIVING TEST FLEET WILL ACCUMULATE ABOUT 1 MILLION MILES PER MONTH BY EARLY 2018.CRUISE AUTOMATION CEO KYLE VOGT SAYS GM CAN DEPLOY SELF-DRIVING FLEETS IN MULTIPLE CITIES SIMULTANEOUSLY.CRUISE AUTOMATION CEO KYLE VOGT SAYS ACTION PLAN IN PLACE TO DEPLOY AT SCALE QUICKLY IN MULTIPLE CITIES.  Full Article

GM Says Expect Commercial Launch Of AV in "Dense Urban Environments" In 2019 - Presentation
Thursday, 30 Nov 2017 12:38pm EST 

Nov 30 (Reuters) - General Motors Co ::GM SAYS BASED ON CURRENT RATE OF CHANGE, EXPECT COMMERCIAL LAUNCH OF AV AT SCALE IN "DENSE URBAN ENVIRONMENTS" IN 2019 - PRESENTATION.GM SAYS CRUISE TEST VEHICLES FLEET WILL ACCUMULATE ABOUT 1 MILLION MILES PER MONTH BY EARLY 2018 ‍​.GM SAYS BELIEVE REGULATIONS "WILL SUPPORT SAFE DEPLOYMENT" OF AUTONOMOUS VEHICLES.GM SAYS TO LAUNCH NEW TRUCK AND SUV ARCHITECTURE‍​.  Full Article

SA's ‍Competition Commission approves merger whereby Isuzu Motors (SA) (Pty) Ltd intends to acquire Isuzu Light Commercial Vehicle Business
Monday, 27 Nov 2017 07:31am EST 

Nov 27 (Reuters) - SA'S ‍COMPETITION COMMISSION: :APPROVED MERGER WHEREBY ISUZU MOTORS SOUTH AFRICA PROPRIETARY LTD (IMSA) INTENDS TO ACQUIRE ISUZU LIGHT COMMERCIAL VEHICLE BUSINESS OF GMSA.COMMISSION HAS IMPOSED CONDITION THAT A TOTAL OF 927 GMSA EMPLOYEES BE TRANSFERRED TO IMSA.  Full Article

GM plans to launch new battery system for EVs with lower cell cost
Wednesday, 15 Nov 2017 09:55am EST 

Nov 15 (Reuters) - General Motors Co ::Says it expects GM Global electric vehicle volume to reach 1 million vehicles by 2026 - presentation.Says plans to launch new battery system for electric vehicles with cell cost of less than $100/kWhr.Says it expects total enterprise cost per unit to fall 30 percent for future electric vehicles.  Full Article

Avis Budget Group subsidiary entered into agreement with General Motors
Friday, 3 Nov 2017 04:57pm EDT 

Nov 3 (Reuters) - Avis Budget Group Inc :Avis Budget Group Inc - on oct 31, 2017, co's subsidiary Avis Budget Car Rental, LLC entered into letter agreement with General Motors LLC -SEC filing.Avis Budget Group Inc - agreement for the purchase of vehicles from dealers for the 2018 vehicle model year.  Full Article

GM Oct China vehicle sales up 11 pct y/y
Friday, 3 Nov 2017 02:12am EDT 

Nov 3 (Reuters) - General Motors Co said on Friday::Oct China vehicle sales total 382,723 units, up 11 percent y/y, versus 6.6 percent increase in September.Jan-Oct China vehicle sales total 3,130,862 units, up 2.2 percent from year earlier, versus 8.6 percent increase in the same period year ago..  Full Article

GM reports total U.S. deliveries of 252,813 vehicles for Oct, down 2.2 pct
Wednesday, 1 Nov 2017 09:55am EDT 

Nov 1 (Reuters) - General Motors Co ::GM reports total U.S. deliveries of 252,813 vehicles for October 2017, down 2.2 percent.GM says heading into Q4 "with good momentum, thanks to a strong U.S. economy and very strong pickup and crossover sales".GM says reduced month-end inventory from September and is on track to close 2017 with significantly fewer vehicles in stock than in December 2016.GM says daily rental sales in 2017 expected to be down about 50,000 units year over year.  Full Article

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Judge tosses GM settlement on ignition switch

NEW YORK A federal bankruptcy judge on Thursday said a settlement agreement that would require General Motors Co to pay $1 billion in stock to car owners suing the company over faulty ignition switches was not enforceable.