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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)

General Motors Says Amount Of Money Co Would Save From Proposed Alliance With Honda Would Help Fund Vision Of An All-Electric Future
Thursday, 3 Sep 2020 

Sept 3 (Reuters) - Honda Motor Co Ltd <7267.T>::GENERAL MOTORS SAYS AMOUNT OF MONEY CO WOULD SAVE FROM PROPOSED ALLIANCE WITH HONDA WOULD HELP FUND VISION OF AN ALL-ELECTRIC FUTURE.  Full Article

Soros Fund Management Takes Share Stake In JPMorgan, Citigroup
Saturday, 15 Aug 2020 

Aug 14 (Reuters) - Soros Fund Management: :SOROS FUND MANAGEMENT TAKES STAKE OF 258,252 SHARES IN JPMORGAN CHASE & CO - SEC FILING.SOROS FUND MANAGEMENT TAKES SHARE STAKE OF 297,500 SHARES IN GM - SEC FILING.SOROS FUND MANAGEMENT TAKES SHARE STAKE OF 515,302 COMMON SHARES IN CITIGROUP INC - SEC FILING.SOROS FUND MANAGEMENT TAKES SHARE STAKE OF 1.2 MILLION SHARES IN BANK OF AMERICA CORP - SEC FILING.SOROS FUND MANAGEMENT TAKES SHARE STAKE OF 582,263 COMMON SHARES IN MORGAN STANLEY - SEC FILING.SOROS FUND MANAGEMENT - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2020 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2020.  Full Article

Online Payments Group Stripe Poaches GM's Finance Chief Dhivya Suryadevara- FT
Tuesday, 11 Aug 2020 

Aug 11 (Reuters) - :ONLINE PAYMENTS GROUP STRIPE POACHES GM’S FINANCE CHIEF - FT.  Full Article

GM Names John Stapleton As Acting CFO
Tuesday, 11 Aug 2020 

Aug 11 (Reuters) - General Motors Co ::GM NAMES JOHN STAPLETON ACTING CFO.GENERAL MOTORS CO - GM NAMES JOHN STAPLETON ACTING CFO.GENERAL MOTORS CO - JOHN STAPLETON, GM NORTH AMERICA CHIEF FINANCIAL OFFICER, HAS BEEN NAMED ACTING GLOBAL CHIEF FINANCIAL OFFICER, EFFECTIVE AUG. 15.GENERAL MOTORS CO - DHIVYA SURYADEVARA WILL LEAVE COMPANY FOR EXTERNAL OPPORTUNITY OUTSIDE AUTOMOTIVE INDUSTRY.GENERAL MOTORS CO - GM WILL CONDUCT AN INTERNAL AND EXTERNAL SEARCH FOR A SUCCESSOR.  Full Article

General Motors Says On October 1, John Stapleton To Get A One-Timegrant Of $1 Million In Performance Share Units
Tuesday, 11 Aug 2020 

Aug 11 (Reuters) - General Motors Co ::GENERAL MOTORS - ON OCTOBER 1, JOHN STAPLETON TO GET A ONE-TIMEGRANT OF $1 MILLION IN PERFORMANCE SHARE UNITS UNDER 2020 LONG-TERM INCENTIVE PLAN.GENERAL MOTORS CO - STAPLETON RECEIVED A MODEST INCREASE IN SALARY & BONUS POTENTIAL COMMENSURATE WITH HIS NEW RESPONSIBILITIES AS ACTING CFO.  Full Article

Unifor To Begin Negotiations August 12th With Detroit Three Automakers
Friday, 7 Aug 2020 

Aug 6 (Reuters) - Unifor::UNIFOR TO BEGIN NEGOTIATIONS AUGUST 12TH WITH DETROIT THREE AUTOMAKERS.UNIFOR - WILL BEGIN FORMAL CONTRACT TALKS WITH FIAT CHRYSLER, FORD, GM, TO REACH COLLECTIVE AGREEMENTS FOR NEARLY 20 THOUSAND MEMBERS.  Full Article

GM sees 2H adjusted EBIT of $4-5 bln if economic recovery continues-CFO
Wednesday, 29 Jul 2020 

July 29 (Reuters) - General Motors Co ::CEO BARRA SAYS BUSINESS ENVIRONMENT IN CHINA IS IMPROVING.GM CEO SAYS COMPANY EXPECTS 'GRADUAL RECOVERY' IN SOUTH AMERICA OVER TIME.GM CEO SAYS EXPECTS 'EXCITING UPDATES' IN ITS CRUISE SELF-DRIVING UNIT IN SECOND HALF OF YEAR.GM CFO SAYS IF GLOBAL ECONOMY CONTINUES RECOVERY, COMPANY EXPECTS 2H ADJUSTED EBIT IN THE RANGE OF $4 BILLION-$5 BILLION, WITH Q3 SLIGHTLY STRONGER THAN Q4.ASKED IF GM WOULD SELL ITS ULTIUM BATTERY TECH TO OTHER COMPANIES, GM CEO SAYS COMPANY WILL 'REMAIN OPEN' IN FUTURE.GM CEO SAYS OUTLOOK FOR LONG-TERM TARGET OF 10% PROFIT MARGINS IN NORTH AMERICA IS UNCHANGED BY CORONAVIRUS OUTBREAK.ASKED IF GM WOULD CONSIDER SPINOFF OF ITS ELECTRIC VEHICLE ASSETS, GM CEO SAYS 'NOTHING IS OFF THE TABLE' IF IT BOOSTS SHAREHOLDER VALUE.  Full Article

GM to repay revolver debt by year end if U.S. economy recovery continues-CFO
Wednesday, 29 Jul 2020 

July 29 (Reuters) - GM CFO Says Company Sold Remaining Shares Of Lyft ::CFO SEES $7-9 BILLION OF CASH GENERATION FOR SECOND HALF OF YEAR IF ECONOMY CONTINUES RECOVERY.GM CFO SAYS AS COMPANY REBUILDS ITS CASH BALANCE, IT EXPECTS TO PAY FULL CREDIT REVOLVER BACK IF ECONOMY CONTINUES RECOVERY IN SECOND QUARTER.  Full Article

GM Expects To Achieve Cost Savings Target Of $4.0 To $4.5 bln
Wednesday, 29 Jul 2020 

July 29 (Reuters) - General Motors Co ::GENERAL MOTORS CO - EXPECTS TO ACHIEVE COST SAVINGS TARGET OF $4.0 TO $4.5 BILLION, WITH ANOTHER $0.2 BILLION IN THE SECOND QUARTER.GENERAL MOTORS CO - GM’S U.S. SECOND-QUARTER VEHICLE SALES DECLINED ABOUT 34 PERCENT COMPARED TO A YEAR AGO.GENERAL MOTORS CO - QTRLY U.S. RESULTS WERE IMPACTED BY SIGNIFCANTLY REDUCED INDUSTRY DEMAND DUE TO THE COVID-19 PANDEMIC AND TIGHT DEALER INVENTORIES.GM - SALES IN U.S. SHOWED SIGNS OF RECOVERY – ESPECIALLY RETAIL, WHICH IMPROVED FROM APRIL’S 35% DECLINE TO MAY & JUNE, WHERE DECLINES WERE ABOUT 20%.GM - FORT WAYNE ASSEMBLY PLANT WILL BE INCREASING REGULAR PRODUCTION OF LIGHT-DUTY FULL-SIZE PICKUPS BY ABOUT 1,000 UNITS A MONTH BEGINNING SEPT 1.GENERAL MOTORS CO - QTRLY GM CRUISE EBIT-ADJUSTED NEGATIVE $0.2 BILLION VERSUS NEGATIVE EBIT-ADJUSTED OF $0.3 BILLION.GM - RESTARTED ALL U.S. FULL-SIZE PICKUP TRUCK AND FULL-SIZE SUV PLANTS TO THREE SHIFTS.GM - QUARTER BENEFTTED FROM A $500-MILLION DIVIDEND FROM GM’S CHINA OPERATIONS AND A $400-MILLION DIVIDEND FROM GM FINANCIAL.GM - LAUNCH PLANS FOR GM’S FULL-SIZE SUVS ALSO REMAINED ON TRACK, WITH FRST CUSTOMERS TAKING DELIVERIES IN JUNE.GM - AUSTERITY MEASURES EXPECTED TO NORMALIZE AS PRODUCTION AND DEMAND STABILIZE, WITH SOME OF AUSTERITY MEASURES REMAINING PERMANENT.GENERAL MOTORS CO - QTRLY TOTAL WORLDWIDE VEHICLE SALES 1,466,000 UNITS VERSUS 1,938,000 UNITS.  Full Article

General Motors Reports Qtrly Revenue Of $16.8 Bln
Wednesday, 29 Jul 2020 

July 29 (Reuters) - General Motors Co ::GM SECOND-QUARTER RESULTS SHOW BUSINESS RESILIENCY.GENERAL MOTORS CO - QTRLY REVENUE OF $16.8 BILLION.GENERAL MOTORS CO - QTRLY LOSS PER SHARE OF $0.56.GENERAL MOTORS CO - QTRLY ADJUSTED LOSS PER SHARE OF $0.50.GENERAL MOTORS CO - QTRLY GM NORTH AMERICA EBIT-ADJUSTED NEAR BREAKEVEN AT NEGATIVE $0.1BLN.GENERAL MOTORS CO - QUARTER-END AUTOMOTIVE LIQUIDITY OF $30.6 BILLION.GENERAL MOTORS CO - QTRLY GM FINANCIAL EBT-ADJUSTED OF $0.2 BILLION.GENERAL MOTORS CO - QTRLY AUTOMOTIVE OPERATING CASH FLOW OF NEGATIVE $8.0 BILLION, AND ADJUSTED AUTOMOTIVE FREE CASH FLOW OF NEGATIVE $9.0 BILLION.  Full Article

UPDATE 5-California sets goal to ban sale of new gasoline-powered passenger vehicles starting in 2035

WASHINGTON/LOS ANGELES, Sept 23 California plans to ban the sale of new gasoline-powered passenger cars and trucks starting in 2035 as the top U.S. auto market shifts to electric vehicles to reduce climate-warming emissions, Governor Gavin Newsom said on Wednesday.