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General Motors Co (GM.N)

GM.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Fiat Chrysler Issues Statement On GM Lawsuit
7:43am IST 

Nov 20 (Reuters) - Fiat Chrysler ::CONFIRMS THAT IT WILL DEFEND ITSELF VIGOROUSLY AGAINST LAWSUIT FILED YESTERDAY BY GENERAL MOTORS.  Full Article

Greenlight Capital Dissolves Share Stake In Hilton Grand Vacations, Ups in General Motors
Friday, 15 Nov 2019 

Nov 14 (Reuters) - GREENLIGHT CAPITAL INC: :GREENLIGHT CAPITAL INC DISSOLVES SHARE STAKE IN HILTON GRAND VACATIONS INC - SEC FILING.GREENLIGHT CAPITAL INC UPS SHARE STAKE IN GENERAL MOTORS CO BY 5.0 PERCENT TO 6.2 MILLION SHARES.GREENLIGHT CAPITAL INC DISSOLVES SHARE STAKE IN CARS.COM INC.GREENLIGHT CAPITAL INC - CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2019.  Full Article

UAW Workers Have Approved Tentative Deal, Effectively Ending 40-Day Strike Against GM - Fox News
Saturday, 26 Oct 2019 

Oct 25 (Reuters) - :SOURCE FAMILIAR WITH UAW CONTRACT VOTE SAYS WORKERS HAVE APPROVED TENTATIVE DEAL, EFFECTIVELY ENDING 40-DAY STRIKE AGAINST GM - FOX NEWS REPORTER TWEET.  Full Article

Valeo pegs at around 50 mln euros impact of General Motors strike on op margin
Thursday, 24 Oct 2019 

Oct 24 (Reuters) - Valeo ::SAYS Q3 SALES 4.772 BILLION EUROS, UP 8 PERCENT.SAYS TO OUTPERFORM CAR PRODUCTION BY 8 PERCENTAGE POINTS.SAYS REITERATES 2019 GOALS, EXCLUDING GENERAL MOTORS STRIKE IMPACT.SAYS PEGS AT THIS STAGE AT AROUND 160 MLN EUROS IMPACT OF GENERAL MOTORS STRIKE ON REVENUE, IMPACT OF AROUND 50 MLN EUROS ON OPERATING MARGIN.  Full Article

Gentex Reports Third Quarter EPS $0.44
Friday, 18 Oct 2019 

Oct 18 (Reuters) - Gentex Corp ::Q3 EARNINGS PER SHARE $0.44.Q3 EARNINGS PER SHARE ESTIMATE $0.42 -- REFINITIV IBES DATA.GENTEX REPORTS THIRD QUARTER 2019 FINANCIAL RESULTS.SEES FY 2019 REVENUE UP 3 TO 8 PERCENT.SEES Q4 2019 SALES $430 MILLION TO $455 MILLION.Q3 SALES $477.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF $474.4 MILLION.GM STRIKE NEGATIVELY IMPACTED QUARTERLY NET SALES BY APPROXIMATELY 2% IN QUARTER.GROSS MARGIN OF 37.7% INCLUDES TARIFF IMPACT OF 110 BASIS POINTS IN QUARTER.FOR MUCH OF YEAR, ACTUAL LIGHT VEHICLE PRODUCTION LEVELS HAVE FALLEN WELL SHORT OF ESTIMATES, THIS TREND CONTINUED IN Q3 OF 2019.SEES CALENDAR YEAR 2019 TOTAL LIGHT VEHICLE PRODUCTION OF 75.19 MILLION.INTENDS TO CONTINUE TO REPURCHASE ADDITIONAL SHARES OF ITS COMMON STOCK IN FUTURE.GUIDANCE FOR Q4 OF 2019 REFLECTS COMPANY'S BEST ESTIMATE OF IMPACT OF ONGOING GM STRIKE.SEES 2019 GROSS MARGIN 36.6% - 37.0%.BASED ON ORDER CHANGES OVER LAST SEVERAL WEEKS FROM GM, CO ESTIMATES IMPACT TO BE ABOUT $7 - $8 MILLION IN LOST SALES, PER WEEK OF STRIKE.  Full Article

Anderson Economic Group Estimates GM Strike Impacted About 150,000 Workers Throughout Auto Industry
Tuesday, 8 Oct 2019 

Oct 8 (Reuters) - ANDERSON ECONOMIC GROUP::ANDERSON ECONOMIC GROUP - ESTIMATES UAW-GM STRIKE JUMPED FROM IMPACTING INITIAL 49,000 UAW WORKERS TO NEARLY 150,000 WORKERS THROUGHOUT AUTO INDUSTRY.ANDERSON ECONOMIC GROUP - THROUGH OCT. 6; WEEK 3 OF STRIKE, AEG ESTIMATED $660 MILLION IN LOST PROFITS FOR GM.ANDERSON ECONOMIC GROUP - THROUGH OCT. 6; WEEK 3 OF UAW-GM STRIKE, AEG ESTIMATED DIRECT WAGE LOSSES FOR ALL EMPLOYEES OF OVER $412 MILLION.ANDERSON ECONOMIC GROUP - THROUGH OCT. 6; WEEK 3 OF UAW-GM STRIKE, AEG ESTIMATED $9.1 MILLION IN LOST MICHIGAN INCOME TAX REVENUE.ANDERSON ECONOMIC GROUP - ADDITIONAL 75,000 EMPLOYEES OF AUTO PARTS SUPPLIERS HAVE EITHER BEEN TEMPORARILY LAID OFF/HAD WAGES CUT SINCE UAW-GM STRIKE.  Full Article

GM Suppliers Temporarily Lay Off Nearly 1,500 Canadians As U.S. Strike Drags On - BNN Bloomberg
Monday, 7 Oct 2019 

Oct 7 (Reuters) - :GM SUPPLIERS TEMPORARILY LAY OFF NEARLY 1,500 CANADIANS AS U.S. STRIKE DRAGS ON - BNN BLOOMBERG.  Full Article

Unifor Says Unifor Members At Local 1090 Secured Agreement With Great Canadian Gaming
Tuesday, 1 Oct 2019 

Oct 1 (Reuters) - Great Canadian Gaming Corp ::UNIFOR SAYS UNIFOR MEMBERS AT LOCAL 1090 SECURED AGREEMENT WITH GREAT CANADIAN GAMING.UNIFOR - AGREEMENT WITH GCG WILL ASSIST GM & AUTO PARTS SUPPLIER WORKERS IN OSHAWA TO TRANSITION TO JOBS AT THREE UNIONIZED WORKPLACES WITHIN REGION.  Full Article

UAW And GM Close In On Tentative Deal To End Strike-CNBC
Thursday, 26 Sep 2019 

Sept 25 (Reuters) - :UAW AND GM CLOSE IN ON TENTATIVE DEAL TO END STRIKE-CNBC.  Full Article

Thousands More Auto Workers Furloughed With More Layoffs Coming As GM, Suppliers Idle Plants In UAW Strike - CNBC
Friday, 20 Sep 2019 

Sept 20 (Reuters) - :THOUSANDS MORE AUTO WORKERS FURLOUGHED WITH MORE LAYOFFS COMING AS GM AND SUPPLIERS IDLE PLANTS IN UAW STRIKE - CNBC.CANADIAN TRADE UNION UNIFOR SAID ROUGHLY 4,500 OF ITS MEMBERS HAVE BEEN TEMPORARILY LAID OFF BECAUSE OF THE GM STRIKE SO FAR - CNBC.  Full Article

GM's electric pickup truck to go on sale fall 2021 - CEO

DETROIT, Nov 21 General Motors Co's first electric pickup truck model will go on sale in the fall of 2021, the company's top executive said on Thursday, around the same time as electric carmaker Tesla Inc's own model is expected to debut.