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Tag Archives: GM
GM Sells Peugeot Shares. Claims Strategic Alliance Lives
As GM was issuing its statement, PSA shares in Paris were sinking after the automaker said more write-downs are coming with perhaps the need to raise more capital. GM has already written of part of its investment in PSA and it is clearly cutting its losses, with another write-down likely to follow in its Q4 results. Peugeot is trading at $15 a share, down from $30 in 2012. Continue reading
Posted in financial results, news analysis, people
Tagged autoinformed, autoinformed.com, GM, Ken Zino, psa group
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Mary Barra to become GM CEO when Dan Akerson Retires
There’s the sound of breaking glass in Detroit this morning as General Motors says that Dan Akerson steps down as chairman and CEO on 15 January 2014 with Mary Barra, 51, currently executive vice president, Global Product Development is elected by the Board of Directors to become the next CEO.
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Chrysler Group Up, General Motors Down in Q3 Earnings
Both results were significantly less than Ford Motor Company’s Q3 profit of $2.6 billion, which was based largely on sales and financing in North America with some contributions from other regions, the same pattern at Chrysler an GM. Continue reading
Posted in auto news
Tagged autoinformed, autoinformed.com, fiat chysler, GM, Ken Zino, q3 earnings
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Peugeot Q3 Sales, Revenues Down. GM JV Scaled Back
The Peugeot Group this morning in Paris posted Q3 revenues of €12.1 billion, down -3.7%. Automotive revenues were €8 billion, down -5.8%. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, eu, GM, Ken Zino, Peugeot
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GM Declares Dividend on Series B Preferred Stock
General Motors (NYSE: GM) will pay a quarterly dividend of $0.59375 per share on its Series B mandatory convertible junior preferred stock on 2 December 2013 to Series B holders of record as of 15 November. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, GM, Ken Zino, tarp
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GM to Buy Back UAW Held Stock. Dividends to Follow?
The VEBA currently holds 260 million shares of Preferred Stock, and Canada GEN Investment Corporation holds another 16 million shares. Until the ownership of these shares transfer back to GM or other independent buyers, the slur “Government Motors” still applies since the shares where part of a controversial but effective bankruptcy reorganization that Canadian and U.S.> taxpayers subsidized in 2009. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, GM, Ken Zino, uaw veba
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Chrysler, Ford, GM Post Double Digit August Sales Gains
Chrysler, Ford and GM all recorded double digit gains in U.S. August sales as the market went back to the pre-Great Recession levels of 2007. Robust pickup truck sales, a relatively trouble free changeover to the production of 2014 models, cheap credit and strong retail demand, all were factors in an overall industry that is now running at more than 16 million units annually. Continue reading
Posted in economy, sales
Tagged autoinformed, autoinformed.com, chrysler, Ford, GM, Ken Zino, toyota, u.s. august sales
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GM Sales Up 4% in First Half of 2013. Chevrolet Sets Record
General Motors sold more than 4.85 million vehicles in the first half of 2013, an increase of under 4% compared to the same period in 2012. The question now is will GM remain Number Two in Global Auto sales when current leader Toyota Motor reports sales results for the period. GM in a rising global market increased its share only 0.1% year-over-year, while Toyota has been rebounding at a much higher rate. Continue reading
Posted in auto news, sales
Tagged autoinformed, autoinformed.com, global sales, GM, Ken Zino, toyota vw group
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GM OnStar Telematics Now in Mexico
OnStar Mexico, announced today that its telemetric services are now active on the new Chevrolet Cheyenne (aka Silverado) and GMC Sierra pickups, and will be available on the Cadillac ATS later this year. More vehicles across GM’s four vehicle brands – Chevrolet, Buick, GMC and Cadillac – will be equipped with OnStar throughout 2014. Continue reading
Posted in auto news, marketing
Tagged autoinformed, autoinformed.com, GM, Ken Zino, onstar, telematics
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Alan Batey Named Global Head of Chevrolet
In a convoluted position that likely resulted from GM insider politics and bureaucratic infighting, in his global Chevrolet role, Batey will report to GM Chairman and CEO Dan Akerson; in his U.S. Sales, Service and Marketing role, he will report to Mark Reuss, president, GM North America. Continue reading
Posted in auto news, people
Tagged alan batey, autoinformed, autoinformed.com, Chevrolet, GM, Ken Zino, susan docherty
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GM Maintains Number One Spot in China over VW Group
In the closely watched sales race in China, the world’s largest car market by far, the reigning champion GM held off its strongest contender, VW Group, for the Number One position, according to sales numbers through May. Continue reading
Posted in auto news, sales
Tagged autoinformed, autoinformed.com, china, GM, Ken Zino, porsche china, vw group
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General Motors Sales up Slightly in May as Trucks Dominate
Executive summary: GM remains Number One in the U.S. by 100,000 in sales over quality challenged Ford Motor, which has just announced another massive recall on its best-selling 2013 models. In terms of retail sales though, Toyota Motor continues to be Number One. Continue reading
Posted in auto news, results, sales
Tagged autoinformed, autoinformed.com, GM, Ken Zino
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General Motors Sells 1 Million Vehicles in China
With total overall light vehicle sales projected at more than 20 million for 2013, China will easily retain its title as the world’s largest auto market followed by the U.S. at more than 15 million. Continue reading
Posted in auto news, milestones, sales
Tagged autoinformed, autoinformed.com, china, GM, Ken Zino, vw group
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General Motors Global Q1 Sales Increase 3.6%
General Motors posted sales of more than 2.36 million during Q1 of 2013, an increase of 3.6%, in a global auto industry that was up 1.5%, compared with the same period in 2012. Continue reading
