BNET Industries
General Motors Corp. (GM) is in the Auto Industry
- Revenue
- Dec 31 2007
- $181.1B
- Profit
- Dec 31 2007
- ($38.7B)
- Market Cap
- Sep 03 2008
- $6.3B
Latest News and Analysis
Dow 'Dirty Dozen' Offers High Yields and Good Value
J Clinton Hill submits: Michael O’Higgins brought us the "Dogs of the Dow" strategy which he featured in his 1992 book, Beating the Dow. The basic premise of the strategy is selecting blue chip stocks which are out of favor but have a history of stable dividend policies and the...
Chrysler Considers Sale of Gas-Guzzling Dodge Viper
Money Morning submits: by Jennifer Yousfi With the U.S. auto market increasingly focused on practicality and fuel-efficiency, Chrysler LLC announced Wednesday it was entertaining offers for its Dodge Viper sports car. by Money Morning
Sharing Speculative Interest in GM
Jason Kelly submits: Everett writes: You write a lot in your stock book about Value Line and how much you respect their opinion. Yet, you say you like General Motors GM below $10. Value Line hates it. What gives?Liking General Motors below $10 doesn't mean I'm buying yet. What...
Gulf Arab Investors Interested in GM's Hummer Brand
Ron Haruni submits: Over at GM, two Gulf Arab investors seem to have expressed their interest in buying General Motors’ GM Hummer brand: “For sure, there has been interest from various parties within the Gulf … there is a precedent in the cases of Aston Martin, Ferrari or Daimler, and...
Compressed Natural Gas: Key to American Energy Independence?
Paul Killinger submits: In previous posts we've written about the prospects for natursal gas [NG] powered vehicles, and their potential to reduce America's reliance on imported crude oil and increasingly expensive gasoline and diesel fuel. Currently there are only about 150,000 CNG compressed natural gas cars and trucks operating in...
How Bankruptcy Would Wreck GM, Chrysler
Rick Newman submits: The economy is so bad in parts of Detroit that a home there recently sold for $1. For the automakers based nearby, it's not looking much better. Car sales are in a tailspin on account of $4 gas and a swooning economy, and as usual, the...
Automakers: Seeking Billions from Uncle Sam
Ron Haruni submits: The meteoric rise of gasoline prices, particularly since last year, has unequivocally marked a crucial if not a destructive period for the U.S automobile industry. With gasoline prices over $4 a gallon on average basis nationwide only couple of months ago, consumers owning fuel guzzling SUVs and...
Sick and Tired of Financials, Carmakers Blaming Everyone but Themselves
Markham Lee submits: I have to say that I'm sick and bloody tired of companies blaming the economy, the credit crunch, the weather, currency imbalances, paycheck cycles, the Easter Bunny, and everyone else for their troubles, when the truth is usually that they made a few mistakes, mismanaged things, or...
GM's Discount Promotion Could Boost Satellite Radio Subscription Numbers
Tyler Savery submits: General Motors GM has announced that all 2008 and some 2009 vehicles will be available to everyday consumers for the employee discount. The Employee Discount promotion started in 2005 and boosted GM’s sales in a big way. Other auto makers have offered similar promotions as well...
Will GM's Volt Change History?
Jim Kingsdale submits: Details of GM’s GM plans for the first-ever production model plug-in hybrid electric vehicle [PHEV] were discussed in a report in Wednesday’s Financial Times. The car is still scheduled for 2010 delivery. Now we know that it’s 400 pound lithium-ion battery will have a 40 mile range...
Four Factors Likely to Fuel Auto Sales
Tyler Savery submits: Growth in satellite radio is coming from the OEM channel. This has been the case for quite some time, and despite having more installations than ever before, the fact that car sales are down weighs on the investor's psyche. The perception is that poor auto sales...
Automaker Rebadging Revisited
Markham Lee submits: Normally we think of rebadging as a situation when a stronger automaker (profits, engineering prowess, brand, etc.) builds cars for a weaker one to sell under its own name, the idea is that the weaker automaker could benefit by getting one of its competitor's better products and...
GM, Ford: Big Mistakes Keep Piling Up
Michael Shedlock submits: How Ford F and General Motors GM were ever able to raise money as they did through bond offerings over the years remains somewhat of a mystery, even in a world of too much liquidity of the world. Mistake after mistake keeps piling up at...
Chrsyler's Rebadging Plan: Strategic Blunder for Nissan?
Markham Lee submits: Last week one of the more bigger stories coming out of Detroit were the discussions between Chrysler and Nissan around Chrysler potentially reselling rebadged versions of mid-sized cars designed and manufactured by Nissan. From the WSJ: by Markham Lee
Wagoner’s Crack Dealer Delivers to China
Greg Newton submits: Rick Wagoner, chairman and chief executive of General Motors GM, said the worst may be over for the beleaguered carmaker, in terms of US job cuts, retiree healthcare costs and pension problems. by Greg Newton
Sinking Slowly into the Sunset
Paul Killinger submits: 80-year old billionaire T. Boone Pickens stays busy these days making money on alternative energy ideas he's putting into practice. Meanwhile, America's formerly "Big 3" automakers are losing billions of dollars due to the high cost of gasoline. So what, you may ask. Where's the...
General Motors: Sales and Stock Price Continue to Decline
It should come as no surprise in this economy that US auto sales are down dramatically. General Motors GM last week posted a $15.5 billion loss for the most recent quarter see earnings call transcript. Fully $9.2 billion of this loss was related to one-time expenses as the company wrote...
Citigroup Analyst Lowers General Motors' Estimates; Expects Bigger Loss
FP Trading Desk submits: Citing deepening problems for automakers selling in the United States, Citigroup Global Markets analyst Itay Michaeli has lowered his earnings estimates and price target for shares of General Motors Corp. GM. The analyst said he now believes GM will report a loss of $14.39 per...
Is One Automaker Default Almost a Sure Thing?
Michael Shedlock submits: Bloomberg is reporting Auto Industry Default Risk Soars to 95% on GM, Ford. One of America's three biggest automakers is almost certain to default within the next five years, according to UniCredit SpA analysis of the market for credit-default swaps. by Michael Shedlock
Leasing and the Big Three Automakers
FP Trading Desk submits: Auto financing companies want out of the leasing business. Chrysler DMX Credit said it is getting out of the leasing game entirely, Ford Motor Co.’s F credit arm and GMAC are tightening leasing rules, and independent financers like Wells Fargo WFC are no longer interested...
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- Incorporated: 1916
- CEO: Mr. G. Richard Wagoner Jr.
General Motors is primarily engaged in the worldwide development, production and marketing of cars, trucks and parts. Co. develops, manufactures and markets its vehicles worldwide through its four automotive regions: GM North America, GM Europe, GM Latin America/Africa/Mid-East and GM Asia Pacific. Co.'s total worldwide car and truck deliveries were 9.4 million as of Dec 31 2007. In addition, Co. also sells cars and trucks to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. As of Dec 31 2007, Co. operated through two businesses, consisting of Automotive as well as Financing and Insurance Operations.
Key Competitors
General Motors Corp. Company Info
Board of Directors
Mr. G. Richard Wagoner Jr.
Chairman
Mr. Kent Kresa
Ms. Ellen J. Kullman
Mr. Philip A. Laskawy
Ms. Kathryn V. Marinello
Mr. Eckhard Pfeiffer
Mr. Percy N. Barnevik
Mr. Erskine B. Bowles
Mr. John H. Bryan
Mr. Armando M. Codina
Mr. Erroll B. Davis Jr.
Mr. George M. C. Fisher
Mr. E. Neville Isdell
Ms. Karen Katen
Contact Information
300 Renaissance Center
P.O. Box 300
Detroit, MI
313 556-5000
NAICS Code
Automobile Manufacturing: 336111
