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General Motors Co (GM)

GM on New York Consolidated

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22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

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

Expect production in Q4 to be up versus Q3 - GM CFO on CNBC
Tuesday, 24 Oct 2017 08:33am EDT 

Oct 24 (Reuters) - General Motors Co :General Motors CFO Chuck Stevens on CNBC says expect production in Q4 to be up versus Q3.  Full Article

GM Q3 non-GAAP adj. earnings per share $1.32
Tuesday, 24 Oct 2017 07:30am EDT 

Oct 24 (Reuters) - General Motors Co ::Q3 GAAP earnings per share from continuing operations $0.08; Q3 non-GAAP adjusted earnings per share $1.32; Q3 GAAP net revenue $33.6 billion, down 5.3 percent.Q3 earnings per share view $1.12, revenue view $32.72 billion -- Thomson Reuters I/B/E/S.Q3 worldwide retail vehicle sales of 2.32 million versus 2.39 million.Q3 North America net income $2.07 billion versus $3.58 billion.Q3 international operations net income $337 million versus $220 million.Q3 GM Financial net income $310 million versus $193 million.Project to be in the middle of 2017 adjusted EPS guidance range of $6.00 - $6.50, based on YTD performance.FY2017 earnings per share view $6.19, revenue view $146.15 billion -- Thomson Reuters I/B/E/S.For the full year, plans to return about $7 billion to shareholders in share buybacks and dividends.Continues to project that FY 2017 financial results will generally be in-line with 2016 results.  Full Article

GM sets quarterly dividend of $0.38/share
Monday, 23 Oct 2017 11:38am EDT 

Oct 23 (Reuters) - GM ::Sets quarterly dividend of $0.38 per share.  Full Article

GM, Cruise Automation to apply for testing fully autonomous vehicles in NY state
Tuesday, 17 Oct 2017 10:07am EDT 

Oct 17 (Reuters) - New York Governor Andrew Cuomo::GM, Cruise Automation applying for first sustained testing of vehicles in fully autonomous mode in NY state in early 2018‍​.  Full Article

GM says to buy LIDAR-tech firm Strobe
Monday, 9 Oct 2017 09:38am EDT 

Oct 9 (Reuters) - General Motors Co ::GM announces acquisition of lidar technology company Strobe Inc.GM says as part of deal, Strobe's engineering team to join GM’s cruise automation team to develop lidar solutions for self-driving vehicles‍​.  Full Article

General Motors posts 12 pct YOY rise in total U.S. Sales in September
Tuesday, 3 Oct 2017 09:25am EDT 

Oct 3 (Reuters) - General Motors Co :General Motors Co - ‍reported a 12 percent year-over-year increase in total U.S. Sales in September to 279,397 units​.General Motors Co - ‍"GM remains committed to decrease daily rental sales by 50,000 units in 2017​".General Motors Co - ‍"with U.S. Economy strengthening, retail sales should remain strong for foreseeable future"​.General Motors Co says "‍regions devastated by recent hurricanes will continue to recover, helping spur new and used vehicle sales"​.General Motors Co - Co's inventory target is unchanged, which is to end year with stocks at or below last year's level of about 850,000 vehicles​.  Full Article

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Peugeot-owner to use Opel site to assemble engines-Les Echos

PARIS Peugeot-owner PSA will use an existing Opel site in eastern Europe to assemble 200,000 petrol engines instead of building new capacity on its own site in Slovakia as initially planned, Les Echos newspapers said on Thursday.