Edition:
United Kingdom

General Motors Co (GM.N)

GM.N on New York Stock Exchange

41.25USD
22 Jun 2018
Change (% chg)

-- (--)
Prev Close
$41.25
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
2,978,205
52-wk High
$46.76
52-wk Low
$33.87

Latest Key Developments (Source: Significant Developments)

General Motors and Honda Agrees For New Advanced Chemistry Battery Components
Thursday, 7 Jun 2018 

June 7 (Reuters) - Honda Motor Co Ltd <7267.T>::GENERAL MOTORS - CO, HONDA ANNOUNCED AGREEMENT FOR NEW ADVANCED CHEMISTRY BATTERY COMPONENTS, TO ACCELERATE BOTH COS PLANS FOR ALL-ELECTRIC VEHICLES.UNDER AGREEMENT, CO, HONDA TO COLLABORATE BASED ON CO'S NEXT GENERATION BATTERY SYSTEM WITH INTENT FOR HONDA TO SOURCE BATTERY MODULES FROM CO.  Full Article

GM Says At Closing Of Its Investment, Softbank Vision Fund Can Nominate 1 Additional Director To GM Cruise
Thursday, 31 May 2018 

May 31 (Reuters) - General Motors Co ::GENERAL MOTORS CO SAYS AT CLOSING OF SOFTBANK VISION FUND INVESTMENT, GM CRUISE BOARD WILL CONSIST 5 DIRECTORS APPOINTED BY GENERAL MOTORS HOLDINGS.SAYS AT CLOSING OF ITS INVESTMENT, SOFTBANK VISION FUND WILL HAVE RIGHT TO NOMINATE 1 ADDITIONAL DIRECTOR, 1 OBSERVER TO GM CRUISE BOARD.SAYS VISION FUND MAY EXCHANGE EQUITY SECURITIES OF GM CRUISE FOR GM SHARES IF THERE IS NO GM CRUISE IPO, SPIN-OFF, SALE/DISSOLUTION IN 7 YRS OF DEAL CLOSE.  Full Article

GM Says Softbank Vision Fund To Invest $2.25 Billion In GM Cruise
Thursday, 31 May 2018 

May 31 (Reuters) - General Motors Co ::SOFTBANK VISION FUND TO INVEST $2.25 BILLION IN GM CRUISE.SAYS SOFTBANK VISION FUND INVESTMENT VALUES GM CRUISE AT $11.5 BILLION.SAYS IT WILL ALSO INVEST $1.1 BILLION IN GM CRUISE UPON SOFTBANK DEAL CLOSE.SAYS SOFTBANK VISION FUND INVESTMENT TO BE MADE IN 2 TRANCHES.SAYS AT TIME THAT CRUISE AVS ARE READY FOR COMMERCIAL DEPLOYMENT, SOFTBANK VISION FUND TO COMPLETE SECOND TRANCHE OF $1.35 BILLION.SAYS AT DEAL CLOSE, SOFTBANK VISION FUND TO INVEST FIRST TRANCHE OF $900 MILLION.SAYS DEAL WILL RESULT IN SOFTBANK VISION FUND OWNING 19.6 PERCENT EQUITY STAKE IN GM CRUISE.SAYS CO, SOFTBANK VISION FUND INVESTMENTS EXPECTED TO PROVIDE CAPITAL NEEDED TO REACH COMMERCIALIZATION AT SCALE STARTING IN 2019.  Full Article

GM Announces $16.5 Billion Revolving Credit Facility
Wednesday, 18 Apr 2018 

April 18 (Reuters) - General Motors Co ::GM ANNOUNCES $16.5 BILLION REVOLVING CREDIT FACILITY.GENERAL MOTORS CO - TOTAL AVAILABLE CREDIT TO AUTOMOTIVE SEGMENT UNDER FACILITY REMAINS UNCHANGED AT $14.5 BILLION.GENERAL MOTORS CO - RENEWED FACILITY CONSISTS OF A $10.5 BILLION FIVE-YEAR FACILITY, A $4.0 BILLION THREE-YEAR FACILITY, AND A $2.0 BILLION 364-DAY FACILITY.GENERAL MOTORS CO - GM HAS ALLOCATED $2.0 BILLION 364-DAY FACILITY FOR EXCLUSIVE USE BY GM FINANCIAL.GENERAL MOTORS CO - EXECUTED UNSECURED $16.5 BILLION REVOLVING CREDIT FACILITY THAT AMENDS & EXTENDS GM'S EXISTING $14.5 BILLION REVOLVING CREDIT FACILITY.  Full Article

GM Names Steve Carlisle Senior VP And President, Cadillac
Wednesday, 18 Apr 2018 

April 18 (Reuters) - General Motors Co ::GM NAMES STEVE CARLISLE SENIOR VP AND PRESIDENT, CADILLAC.GENERAL MOTORS CO - STEVE CARLISLE REPLACES JOHAN DE NYSSCHEN, WHO IS LEAVING THE COMPANY EFFECTIVE IMMEDIATELY.GENERAL MOTORS CO - STEVE CARLISLE WAS MOST RECENTLY PRESIDENT AND MANAGING DIRECTOR OF GM CANADA.GENERAL MOTORS - TRAVIS HESTER, CURRENTLY VP, GLOBAL PRODUCT PROGRAMS, IS NAMED PRESIDENT AND MANAGING DIRECTOR, GM CANADA, REPLACING STEVE CARLISLE.  Full Article

GM Cuts Several Hundred Jobs At Ohio Plant As Car Sales Continue To Slide -CNBC
Friday, 13 Apr 2018 

April 13 (Reuters) - :GM CUTS SEVERAL HUNDRED JOBS AT OHIO PLANT AS CAR SALES CONTINUE TO SLIDE -CNBC.  Full Article

GM expects Cadillac profitability to grow 100 pct over 4 yrs with refreshed lineup - NY Auto Summit‍​
Wednesday, 28 Mar 2018 

March 28 (Reuters) - General Motors Co ::GENERAL MOTORS CEO SAYS MAKING "GREAT PROGRESS" TOWARD ITS STATED GOAL TO ACHIEVE 10 PERCENT MARGINS IN ITS CORE BUSINESS - NY AUTO SUMMIT‍​.GENERAL MOTORS AFFIRMS ITS PLANS TO LAUNCH BOLT AUTONOMOUS VEHICLE AT SCALE IN A DENSE URBAN ENVIRONMENT BY 2019 - NY AUTO SUMMIT‍​.GENERAL MOTORS CEO SAYS ITS UPCOMING PORTFOLIO WILL PLAY A VERY IMPORTANT ROLE FOR CADILLAC - NY AUTO SUMMIT‍​.GENERAL MOTORS CEO SAYS EXPECTS TO ROLL OUT PRODUCTS BETWEEN NOW AND 2021 THAT WILL TAKE ITS SHARE FROM 65 PERCENT OF THE LUXURY MARKET TO OVER 90 PERCENT - NY AUTO SUMMIT‍​.GENERAL MOTORS CEO SAYS CO EXPECTS TO GROW BOTH IN THE UNITED STATES AND CHINA, AND THIS VOLUME INCREASE “WILL LEAD TO A 100 PERCENT INCREASE IN CADILLAC PROFITABILUITY OVER THE NEXT FOUR YEARS” - NY AUTO SUMMIT‍​.GENERAL MOTORS CEO SAYS COST OF RIDE SHARING IN DENSE URBAN ENVIRONMENTS COULD COME DOWN TO $1 PER MILE, AS AUTONOMOUS VEHICLE CAPABILITY GOES UP - NY AUTO SUMMIT‍​.  Full Article

Automodular And Hls Receive Shareholder And Court Approval For Plan Of Arrangement
Thursday, 8 Mar 2018 

March 8 (Reuters) - Automodular Corp ::AUTOMODULAR AND HLS RECEIVE SHAREHOLDER AND COURT APPROVAL FOR PLAN OF ARRANGEMENT.AUTOMODULAR - FOLLOWING RECEIPT OF REQUISITE SHAREHOLDER APPROVALS, ONTARIO SUPERIOR COURT OF JUSTICE GRANTED FINAL ORDER WITH RESPECT TO ARRANGEMENT.AUTOMODULAR CORP - UNDER ARRANGEMENT, HLS AND AMD WILL AMALGAMATE TO FORM A COMPANY TO BE NAMED "HLS THERAPEUTICS INC".AUTOMODULAR - ONTARIO SUPERIOR COURT OF JUSTICE RULED $7 MILLION SETTLEMENT OF AMD'S LITIGATION WITH GENERAL MOTORS IS INCLUSIVE OF HST.  Full Article

General Motors Says Total Sales In January In U.S. Totaled 198,548 Units, Up More Than 1 Pct
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - General Motors Co ::GENERAL MOTORS SAYS TOTAL SALES IN JANUARY IN U.S. TOTALED 198,548 UNITS, UP MORE THAN 1 PERCENT.  Full Article

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

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

RPT-UPDATE 1-EU to respond to any U.S. auto tariff move - report

PARIS, June 23 The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row.