Tag Archives: GM

Economics, Not Disinterest Explains Low Car Sales to Young

Disinterest in new cars by young people is a myth that ignores fundamental economic trends, General Motors Chief Economist Mustafa Mohatarem said at the CAR Management Briefings in Traverse City, Michigan. New car affordability, a crushing student loan debt and higher operating and insurance costs are delaying young people from buying new vehicles. “It’s not a permanent withdraw from the market, it’s more of a delay,” Mohatarem said. Continue reading

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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

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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

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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

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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

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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

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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

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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

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Ford and GM to Develop 9- and 10-Speed Automatic Transmissions

Ford Motor Company and General Motors Corporation have signed an agreement whereby both companies will jointly develop an all-new generation of 9- and 10-speed automatic transmissions for cars, crossovers, SUVs and trucks. Continue reading

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General Motors to Invest €4 Billion in Loss-Making Opel

GM has lost more than $18 billion in Europe since 1999, including $1.8 billion in 2012. GM also wrote down more than $5 billion in assets in the Eurozone, and it wrote off more than half the value of its PSA Citroën stock (-$220 million) acquired latest year in what GM said at the time was a collaboration that would, eventually, save billions. Nothing was really new in today’s speeches. Continue reading

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