GM investing 449 USD for future Volt

GM investing 449 USD for future Volt

Various
10 Apr 2014
0
1581

General Motors announced that it will invest $449 million to upgrade manufacturing processes in its preparation for the next generation of electric vehicles and battery technologies.

GM recalls 1.7 million cars in North America

GM recalls 1.7 million cars in North America

Various
18 Mar 2014
0
1388

As a result of Mary Barra’s request for a comprehensive internal safety review following the ignition switch recall, General Motors today announced three separate recalls involving U.S. production and sales of approximately: 303,000 Chevrolet Express and GMC Savana from the 2009-2014 model years with gross vehicle weight under 10,000 pounds, 63,900 Cadillac XTS full-size sedan from the 2013 and 2014 model years, 1.18 million Buick Enclave and GMC Arcadia models from the 2008-2013 model years, Chevrolet Traverse from the 2009-2013 model years, and Saturn Outlook from the 2008-2010 model years.

GM to introduce 15 models in 2014

GM to introduce 15 models in 2014

Various
15 Jan 2014
0
1505

General Motors forecasts modest global industry growth in 2014 driven by the United States, China and Europe. Based on this outlook and the introduction of key vehicles globally, the company expects its total earnings before interest and tax (EBIT) adjusted to be modestly improved with improved underlying operating performance more than offsetting increased restructuring expense. Additionally, the company said it expects EBIT-adjusted margins will be similar to last year.

GM sells stake in PSA Peugeot Citroen

GM sells stake in PSA Peugeot Citroen

Various
15 Dec 2013
0
1451

General Motors announced it is selling its entire 7 percent stake of 24,839,429 shares in PSA Peugeot Citroen (PSA) through a private placement to institutional investors. GM acquired the stake in PSA when it entered into its strategic alliance in March 2012.

Mary Barra to replace Dan Ackerson as GM CEO

Mary Barra to replace Dan Ackerson as GM CEO

Various
15 Dec 2013
0
1524

General Motors announced that Dan Akerson, who guided today’s GM to record profits and dramatic improvement in vehicle quality while closing the chapter on government ownership in the company, will step down as chairman and CEO on Jan. 15, 2014.

GM and Honda, to join forces for future fuel-cell vehicles

GM and Honda, to join forces for future fuel-cell vehicles

Various
02 Jul 2013
0
1273

General Motors and Honda announced today a long-term, definitive master agreement to co-develop next-generation fuel cell system and hydrogen storage technologies, aiming for the 2020 time frame. The collaboration expects to succeed by sharing expertise, economies of scale and common sourcing strategies.

GM announces 0.9 billion profit after first quarter

GM announces 0.9 billion profit after first quarter

Market
02 May 2013
0
1206

General Motors today announced first quarter net income attributable to common stockholders of $0.9 billion, or $0.58 per fully diluted share. These results include a net loss from special items that reduced net income by $0.2 billion, or $0.09 per fully diluted share.

GM to invest 230 million euros in Opel test center

GM to invest 230 million euros in Opel test center

Market
25 Apr 2013
0
1377

GM announced today that it will invest 230 Million Euros for new testing facilities into its European Product Development Centre at the Opel headquarters in Ruesselsheim and at the proving ground in Dudenhofen. The investment will be executed in the next three to four years. It only comes two weeks after GM’s Board of Directors visit of the European Opel/Vauxhall operations and a commitment to invest 4 billion Euros for future product between 2013 and 2016.

General Motors sold 1million cars in China in 2013

General Motors sold 1million cars in China in 2013

Market
24 Apr 2013
0
1382

General Motors sold its 1 millionth vehicle in China on Monday, the earliest it has ever done this in a calendar year. GM first sold 1 million vehicles in a single year in China in December 2007.

GM will invest 4 billion euros in Opel until 2016

GM will invest 4 billion euros in Opel until 2016

Various
10 Apr 2013
0
1223

The General Motors Board of Directors used its meeting in Rüsselsheim to approve a comprehensive investment program: GM will invest 4 billion euros in Germany and Europe through 2016.