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General Motors Co (GM.N)

GM.N on New York Stock Exchange

38.55USD
19 Apr 2018
Change (% chg)

$-0.38 (-0.98%)
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Latest Key Developments (Source: Significant Developments)

GM Announces $16.5 Billion Revolving Credit Facility
2:00am IST 

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
Saturday, 14 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
Friday, 9 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

Autocanada Reaches Agreements With GM Canada And Priestner
Friday, 8 Dec 2017 

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 

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
Friday, 1 Dec 2017 

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

BRIEF-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