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General Motors Co (GM.N)

GM.N on New York Stock Exchange

35.68USD
12 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Enterprise Holdings Partners With GM To Add 100,000 Connected Cars In 2019
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Enterprise Holdings: :ENTERPRISE HOLDINGS PARTNERS WITH GENERAL MOTORS TO ADD 100,000 CONNECTED CARS IN 2019.  Full Article

GM Posted A Roughly 1 Pct Sales Increase For Nov - Source Familiar
Monday, 3 Dec 2018 

Dec 3 (Reuters) - :GENERAL MOTORS POSTED A ROUGHLY 1 PERCENT SALES INCREASE FOR NOVEMBER, WITH FLEET SALES OFFSETTING SLIGHT DECLINE IN SALES TO CONSUMERS - SOURCE FAMILIAR.  Full Article

GM's South Korea Unit November Sales Down 9 Percent Y/Y
Monday, 3 Dec 2018 

Dec 3 (Reuters) - General Motors Co South Korean unit::SAYS NOVEMBER SALES DOWN 9 PERCENT Y/Y.REPORTED NOVEMBER SALES OF 38,621 UNITS.  Full Article

‍Unifor Statement On GM Decision To Shut Oshawa Assembly Plant
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - UNIFOR::UNIFOR SAYS DOES NOT ACCEPT ANY RESTRUCTURING PLANS THAT WILL RESULT IN THE CLOSURE OF THE OSHAWA OPERATIONS.UNIFOR SAYS ANY PLANS THAT RESULT IN OSHAWA BEING “UNALLOCATED” NEXT YEAR ARE CONTRARY TO COMMITMENTS MADE BY GM IN UNIFOR'S 2016 NEGOTIATIONS WITH GM.UNIFOR SAYS EXPECT THAT GM WILL MEET LEGAL OBLIGATIONS UNDER THE COLLECTIVE AGREEMENT IN CANADA.UNIFOR SAYS CANADA, ONTARIO GOVTS NEED TO PARTNER WITH UNIFOR TO INSIST GM MEET OBLIGATIONS UNDER THE COLLECTIVE AGREEMENT.UNIFOR SAYS GM CLARIFIED THAT “UNALLOCATED” PLANTS IN U.S. WILL NOT BE CLOSED BUT RATHER “IDLED,” SUBJECT TO NEGOTIATIONS WITH UAW NEXT FALL.UNIFOR SAYS COLLECTIVE AGREEMENT WITH GM STIPULATES THAT THERE BE NO CLOSURES BEFORE SEPTEMBER 21, 2020.  Full Article

Senator Rob Portman Says GM About To Hit Cap for EV subsidies- CNBC interview
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - :SENATOR ROB PORTMAN, ON EV SUBSIDIES, SAYS THERE IS A CAP FOR MANUFACTURERS; GM ABOUT TO HIT THAT CAP; HENCE THERE IS NOT LOT OF SUBSIDY FOR THEM - CNBC.  Full Article

Unifor Says It Calls On General Motors To Allocate Product To Oshawa
Monday, 26 Nov 2018 

Nov 26 (Reuters) - Unifor::UNIFOR SAYS IT CALLS ON GENERAL MOTORS TO ALLOCATE PRODUCT TO OSHAWA.UNIFOR, ON GM'S OSHAWA PRODUCTION HALT, SAYS IT WILL "VIGOROUSLY FIGHT TO MAINTAIN THESE GOOD-PAYING AUTO JOBS".  Full Article

Canada's Trudeau expressed "deep disappointment" to GM
Monday, 26 Nov 2018 

Nov 26 (Reuters) - Canadian Prime Minister Justin Trudeau says in a tweet: :GOVERNMENT WILL DO EVERYTHING IT CAN TO HELP FAMILIES AFFECTED BY GENERAL MOTORS <<>> PLANT CLOSURE RECOVER .SPOKE WITH GM'S MARY BARRA ON SUNDAY AND EXPRESSED "DEEP DISAPPOINTMENT".  Full Article

GM Expects To Record Pre-Tax Charges Of $3 Bln To $3.8 Bln Due To Restructuring Actions
Monday, 26 Nov 2018 

Nov 26 (Reuters) - General Motors Co ::GENERAL MOTORS ACCELERATES TRANSFORMATION.GENERAL MOTORS CO - TAKING COST ACTIONS AND OPTIMIZING CAPITAL EXPENDITURES TO DRIVE ANNUAL RUN-RATE CASH SAVINGS OF APPROXIMATELY $6 BILLION BY YEAR-END 2020.GENERAL MOTORS CO - ACTIONS ARE EXPECTED TO INCREASE ANNUAL ADJUSTED AUTOMOTIVE FREE CASH FLOW BY $6 BILLION BY YEAR-END 2020 ON A RUN-RATE BASIS.GENERAL MOTORS CO - ASSEMBLY PLANTS THAT WILL BE UNALLOCATED IN 2019 INCLUDE OSHAWA ASSEMBLY IN OSHAWA, ONTARIO, CANADA.GENERAL MOTORS CO - GM EXPECTS TO RECORD PRE-TAX CHARGES OF $3.0 BILLION TO $3.8 BILLION RELATED TO RESTRUCTURING ACTIONS.GENERAL MOTORS CO - ASSEMBLY PLANTS THAT WILL BE UNALLOCATED IN 2019 INCLUDE DETROIT-HAMTRAMCK ASSEMBLY IN DETROIT.  Full Article

General Motors To Reduce Staff, Close Some Plants
Monday, 26 Nov 2018 

Nov 26 (Reuters) - General Motors Co ::GENERAL MOTORS ACCELERATES TRANSFORMATION.GENERAL MOTORS CO - TAKING COST ACTIONS AND OPTIMIZING CAPITAL EXPENDITURES TO DRIVE ANNUAL RUN-RATE CASH SAVINGS OF APPROXIMATELY $6 BILLION BY YEAR-END 2020.GENERAL MOTORS CO - CONTRIBUTING TO CASH SAVINGS OF APPROXIMATELY $6 BILLION ARE COST REDUCTIONS OF $4.5 BILLION.GENERAL MOTORS CO - INTENDS TO PRIORITIZE FUTURE VEHICLE INVESTMENTS IN ITS NEXT-GENERATION BATTERY-ELECTRIC ARCHITECTURES.GENERAL MOTORS CO - CONTRIBUTING TO CASH SAVINGS OF APPROXIMATELY $6 BILLION ARE LOWER CAPITAL EXPENDITURE ANNUAL RUN RATE OF ALMOST $1.5 BILLION.GENERAL MOTORS CO - MANUFACTURING ACTIONS ARE EXPECTED TO SIGNIFICANTLY INCREASE CAPACITY UTILIZATION.GENERAL MOTORS CO - IT IS EXPECTED THAT MORE THAN 75 PERCENT OF GM'S GLOBAL SALES VOLUME WILL COME FROM FIVE VEHICLE ARCHITECTURES BY EARLY NEXT DECADE.GENERAL MOTORS CO - PROPULSION PLANTS THAT WILL BE UNALLOCATED IN 2019 INCLUDE BALTIMORE OPERATIONS IN WHITE MARSH, MARYLAND.GENERAL MOTORS CO - GM EXPECTS TO FUND RESTRUCTURING COSTS THROUGH A NEW CREDIT FACILITY.GENERAL MOTORS CO - PROPULSION PLANTS THAT WILL BE UNALLOCATED IN 2019 INCLUDE WARREN TRANSMISSION OPERATIONS IN WARREN, MICHIGAN.GENERAL MOTORS - ACTIONS BEING TAKEN TO REDUCE SALARIED, SALARIED CONTRACT STAFF BY 15 PERCENT,INCLUDES 25 PERCENT FEWER EXECUTIVES TO STREAMLINE DECISION MAKING.GM - EXPECTS TO RECORD PRE-TAX CHARGES OF $3.0 BILLION TO $3.8 BILLION RELATED TO RESTRUCTURING ACTIONS.  Full Article

GM Expects Maven To Double Market Presence In U.S. In 2019
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - General Motors Co ::GENERAL MOTORS EXPECTS MAVEN TO DOUBLE MARKET PRESENCE IN U.S. NEXT YEAR, SEES OPPORTUNITIES FOR INTERNATIONAL GROWTH AS WELL - BARCLAYS CONF.  Full Article

Key U.S. senator calls self-driving legislation a 'long shot'

WASHINGTON, Dec 12 A landmark U.S. bill that would speed adoption of self-driving cars is now "a long shot" to pass before the current Congress adjourns in the coming weeks, a key Republican senator behind the legislation said.