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General Motors Co (GM.N)

GM.N on New York Stock Exchange

37.12USD
21 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Greenlight Capital Cuts Stake In GM, Takes In Scientific Games
Wednesday, 14 Aug 2019 05:23pm EDT 

Aug 14 (Reuters) - Greenlight Capital Inc::GREENLIGHT CAPITAL INC CUTS SHARE STAKE IN GENERAL MOTORS CO BY 35.7% TO 5.86 MILLION SHARES - SEC FILING.GREENLIGHT CAPITAL INC TAKES SHARE STAKE OF 1.5 MILLION SHARES IN SCIENTIFIC GAMES CORP.GREENLIGHT CAPITAL INC TAKES SHARE STAKE OF 400,000 CLASS A SHARES IN DILLARD'S INC.GREENLIGHT CAPITAL INC - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2019.  Full Article

GM sees China auto industry at 30 mln plus vehicles annually long term-CFO
Tuesday, 13 Aug 2019 09:54am EDT 

Aug 13 (Reuters) - General Motors Co ::CFO SAYS INDUSTRY AUTO SALES IN CHINA IN 2ND HALF WILL BE BETTER THAN 1ST HALF.GM CFO SAYS COMPANY BELIEVES CHINA AUTO MARKET IS A 30 MILLION-PLUS INDUSTRY ANNUALLY IN LONG TERM.GM CFO SAYS AT J.P. MORGAN CONFERENCE COMPANY WILL HIT $2.25 BILLION IN SAVINGS BY YEAR END FROM COST CUTTING PLAN MEANT TO SAVE $4.5 BILLION THROUGH 2020.GM CFO SAYS COMPANY DOESN'T SEE IMMINENT U.S. DOWNTURN COMING.  Full Article

General Motors Says Ernesto Hernandez, President & MD, GM De Mexico, Has Elected To Retire
Friday, 9 Aug 2019 01:35pm EDT 

Aug 9 (Reuters) - General Motors Co ::GENERAL MOTORS CO - ANNOUNCED THAT ERNESTO M. HERNANDEZ, PRESIDENT AND MANAGING DIRECTOR, GM DE MEXICO, HAS ELECTED TO RETIRE.GENERAL MOTORS CO - FRANCISCO GARZA WILL SUCCEED HERNANDEZ IN LEADING GM OPERATIONS IN MEXICO, CENTRAL AMERICA AND THE CARIBBEAN.GENERAL MOTORS CO - HERNANDEZ WILL REMAIN ON AS GM ADVISOR AND ASSIST IN A SMOOTH LEADERSHIP TRANSITION.GENERAL MOTORS - JUAN CARLOS GARCIA, CURRENTLY CFO, GM DE MEXICO, IS NAMED VICE PRESIDENT, VEHICLE SALES, SERVICE AND MARKETING, GMM.  Full Article

EV Connect Announces Collaboration With General Motors
Tuesday, 6 Aug 2019 06:00am EDT 

Aug 6 (Reuters) - General Motors Co ::EV CONNECT - ANNOUNCED COLLABORATION WITH GENERAL MOTORS.TO HELP GM IMPROVE CHEVROLET BOLT EV DRIVERS' CHARGING EXPERIENCE WITH CHARGE STATION DATA, INCLUDING INSIGHTS ON STATION STATUS.EXPECTS TO FINALIZE TERMS OF ITS COLLABORATION & AGREEMENT WITH GM DURING Q3.  Full Article

GM CFO says pricing fundamentals intruck market remain strong
Thursday, 1 Aug 2019 08:32am EDT 

Aug 1 (Reuters) - General Motors Co ::CFO, ASKED ABOUT PRICING, SAYS COMPANY BELIEVES FUNDAMENTALS REMAIN STRONG, ESPECIALLY IN TRUCK MARKET.GM CFO SAYS U.S. INTEREST RATE CUT WILL HELP CONSUMER CONFIDENCE.GM CFO SAYS COMPANY'S FREE CASH FLOW IN SECOND HALF WILL BE SIMILAR IN Q3 AND Q4.  Full Article

General Motors Qtrly Adj EPS $1.64
Thursday, 1 Aug 2019 08:00am EDT 

Aug 1 (Reuters) - General Motors Co ::GENERAL MOTORS - QTRLY EARNINGS PER SHARE $1.66; QTRLY ADJUSTED EARNINGS PER SHARE $1.64; QTRLY TOTAL NET SALES & REVENUE $36.06 BILLION VERSUS $36.76 BILLION.GENERAL MOTORS - QTRLY GLOBAL DELIVERIES OF 1,939,000 VEHICLES VERSUS 2,065,000 VEHICLES.GENERAL MOTORS - QTRLY GM NORTH AMERICA NET INCOME $3.02 BILLION VERSUS $2.67 BILLION.GENERAL MOTORS - QTRLY GM CRUISE NET LOSS $279 MILLION VERSUS NET LOSS OF $154 MILLION.GENERAL MOTORS - QTRLY GM FINANCIAL NET INCOME $536 MILLION VERSUS $536 MILLION.GENERAL MOTORS SEES FY EPS $5.91 TO $6.75.GENERAL MOTORS SEES FY CAPEX $8 BILLION TO $9 BILLION.GENERAL MOTORS - AFFIRMS FY ADJUSTED EPS OF $6.50 TO $7.00.GENERAL MOTORS - AFFIRMS FY ADJUSTED AUTOMOTIVE FREE CASH FLOW OF $4.5 BILLION - $6.0 BILLION.GENERAL MOTORS SAYS INCREASING PRODUCTION OF NEW MODEL OF CHEVROLET CORVETTE STINGRAY, ADDING 2ND SHIFT & MORE THAN 400 HOURLY JOBS AT BOWLING GREEN ASSEMBLY PLANT.GENERAL MOTORS SAYS EXPECT H2 OF 2019 TO BE STRONGER THAN H1.GENERAL MOTORS SAYS DUE TO CHINA'S ECONOMIC SLOWDOWN, CHINA INDUSTRY UNIT SALES EXPECTED TO REMAIN WEAK THROUGH H2.GENERAL MOTORS SEES CHINA EQUITY INCOME IN H2 TO BE GENERALLY IN LINE WITH H1, DUE TO ONGOING HEADWINDS.GENERAL MOTORS - QTRLY WORLDWIDE TOTAL VEHICLE SALES 1.94 MILLION VERSUS 2.07 MILLION.GENERAL MOTORS - ON TRACK TO ACHIEVE COST SAVINGS OF $2.0 BILLION TO $2.5 BILLION THROUGH 2019.GENERAL MOTORS - QTRLY GM INTERNATIONAL NET LOSS $48 MILLION VERSUS NET INCOME OF $143 MILLION.  Full Article

GM's South Korea Unit July Sales Down 14% Y/Y To 31,851 Vehicles
Thursday, 1 Aug 2019 01:00am EDT 

Aug 1 (Reuters) - General Motors Co ::SOUTH KOREA UNIT SAYS JULY SALES DOWN 14% Y/Y TO 31,851 VEHICLES.  Full Article

GM Declares Quarterly Dividend
Wednesday, 31 Jul 2019 02:25pm EDT 

General Motors Co ::DECLARES QUARTERLY DIVIDEND.SETS QUARTERLY DIVIDEND OF $0.38PER SHARE.  Full Article

CN And GM Extend Agreements, Grow Relationship
Friday, 26 Jul 2019 08:00am EDT 

July 26 (Reuters) - Canadian National Railway Co ::CN AND GM EXTEND AGREEMENTS, GROW RELATIONSHIP.CANADIAN NATIONAL RAILWAY CO - REACHED A NEW MULTIYEAR AGREEMENT WITH GENERAL MOTORS FOR TRANSPORTATION OF FINISHED VEHICLES AND ASSEMBLY PARTS.CANADIAN NATIONAL RAILWAY CO - GM WILL ALSO BE FIRST CUSTOMER TO USE CN'S NEW AUTOMOTIVE COMPOUNDS IN VANCOUVER AND IN MINNEAPOLIS..CANADIAN NATIONAL RAILWAY CO - IS NOW ADDING TWO NEW AUTOPORT TERMINALS TO ITS NORTH AMERICAN NETWORK.CANADIAN NATIONAL - MINNEAPOLIS AUTOMOTIVE COMPOUND CONSTRUCTION IS EXPECTED TO BE COMPLETED IN LATE 2020, WITH GM OPERATIONS AT SITE COMMENCING IN 2021.  Full Article

GM Reports Q2 Total U.S. Vehicle Deliveries Of 746,659, Down 1.5%
Tuesday, 2 Jul 2019 10:23am EDT 

July 2 (Reuters) - General Motors Co ::GENERAL MOTORS CO - REPORTS Q2 TOTAL U.S. VEHICLE DELIVERIES OF 746,659, DOWN 1.5%.GENERAL MOTORS CO - U.S. LIGHT-VEHICLE SAAR FOR FIRST HALF OF YEAR IS EXPECTED TO BE 17.0 MILLION UNITS.GENERAL MOTORS CO - ESTIMATES CO'S Q2 RETAIL MARKET SHARE WAS EVEN WITH A YEAR AGO.GENERAL MOTORS CO - AUTO DEMAND WAS BETTER THAN ANTICIPATED IN H1 2019, EXPECT "STRONG PERFORMANCE" IN H2 OF THE YEAR.GENERAL MOTORS CO - SHARPLY INCREASING PRODUCTION OF CREW CAB AND DIESEL MODELS OF HEAVY-DUTY PICKUPS TO MEET CUSTOMER DEMAND.  Full Article

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Trump attacks Ford Motor for not backing fuel economy rollback

WASHINGTON U.S. President Donald Trump stepped up a series of attacks on automakers on Wednesday for not backing his administration's plan to roll back Obama-era fuel efficiency rules, singling out Ford Motor Co in particular for backing a deal with California for stricter fuel economy standards.