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4/9/15Stock Update: General Motors Company (NYSE:GM) – Recall victim: GM shouldn’t get a tax break ... (Jutia Group)

[at CNNMoney.com] - "Our kids dying should not be a tax deduction." That's the message from Laura Christian, mother of Amber Marie Rose the teen who was killed in July 2005 in an accident while driving a GM car ... Read more on this. General Motors Company (GM), valued at $58.39B, began trading [...]

3/13/15Company Update: General Motors Company (NYSE:GM) – GM settles high-profile ignition-switch case... (Jutia Group)

[Reuters] - The family of a woman who died in a crash later blamed on a faulty General Motors Co ignition switch has settled a civil lawsuit against the automaker, ending litigation that helped bring to light the company's decade-long delay in recalling millions of defective vehicles. Lawyers for the parents of Brooke Melton [...]

2/25/15Company Update: General Motors Company (NYSE:GM) – GM cutting production at two N. American car... (Jutia Group)

[Reuters] - General Motors Co is cutting production at two of its North American car plants as supplies of vehicles including the Chevrolet Sonic and Buick Regal rise, a person familiar with the company's plans said on Wednesday. Automotive News initially reported GM's plans for its plants in Lake Orion, Michigan, and Oshawa, Ontario, [...]

2/19/15Market Update: General Motors Company (NYSE:GM) – Exclusive: Ally assumes it will lose entire G... (Jutia Group)

[Reuters] - Ally Financial Inc (ALLY.N) is taking steps to replace its remaining exclusive leasing deals with General Motors Co (GM.N), betting that the largest U.S. carmaker will eventually finish taking that business in-house, the auto lender's chief executive said in an interview. GM has already said that its financing arm, GM Financial, would [...]

2/17/15Market Update: General Motors Company (NYSE:GM) – Judge says could narrow GM’s bankruptcy def... (Jutia Group)

[Reuters] - A judge said on Tuesday that if General Motors Co is found to have violated car owners' constitutional rights by hiding ignition-switch defects during its bankruptcy, he would consider narrowing the legal protections afforded the company under its 2009 bankruptcy sale. Judge Robert Gerber, at a hearing in U.S. Bankruptcy Court in [...]

2/13/15Market Update: General Motors Company (NYSE:GM) – GM union in Canada may seek early bargaining (Jutia Group)

[Reuters] - The union that represents General Motors Co's (GM.N) Canadian workers may seek early negotiations to secure jobs at the company's Oshawa, Ontario, operations, Unifor National President Jerry Dias said on Friday. Unifor's current contract expires in the fall of 2016 and part of GM's Oshawa operations, the consolidated line, is set to [...]

2/12/15Stock Update: General Motors Company (NYSE:GM) – Exclusive: GM turns to banks to help deal with... (Jutia Group)

[Reuters] - DETROIT/NEW YORK (Reuters) - General Motors Co (GM.N) has turned to two investment banks to help it come up with a response to a shareholder group demanding $8 billion in stock buybacks and a seat on the board of the No. 1 U.S. automaker, the company told Reuters. The automaker is working [...]

2/10/15Market Update (NYSE:GM): GM investor seeks board seat, $8 billion stock buyback (Jutia Group)

[Reuters] - Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified [...]

2/5/15Stock Update: General Motors Company (NYSE:GM) – Retired Lockheed Martin Executive Elected to G... (Jutia Group)

[PR Newswire] - DETROIT, Feb. 5, 2015 /PRNewswire/ -- General Motors Co. today announced the election of Linda Gooden, former executive vice president of Lockheed Martin Corporation, to its board of directors effective ... Read more on this. General Motors Company (GM), valued at $58.24B, started the session at $36.28.   [...]

2/3/15Stock Update (NYSE:GM): Chrysler, GM Canada report higher January sales (Jutia Group)

[Reuters] - General Motors Co and Chrysler sold more vehicles in Canada last month than a year ago, with Chrysler setting January sales records for its Ram and Jeep brands, the companies said on Tuesday. GM Canada ... Read more on this. General Motors Company (GM), currently valued at $54.72B, started the session [...]

2/2/15Stock Update (NYSE:GM): GM receives over 4,100 injury claims for faulty ignitions (Jutia Group)

[AFP] - General Motors said Monday that it had received more than 4,100 compensation claims for injuries tied to faulty ignitions, including 455 death claims, by its January 31 deadline. Kenneth Feinberg, the attorney in charge of the independent compensation fund set up by GM after recalling 2.6 million cars over the ignition-switch problem [...]

1/29/15Market Update (NYSE:GM): Ally executives brush off worries over loss of GM business (Jutia Group)

[Reuters] - Ally Financial Inc, the largest U.S. auto lender, expects the loss of an exclusive lease agreement with General Motors Co to have a minimal impact on earnings in 2015, executives said Thursday. Starting in February and March, GM plans to use its in-house lending arm, GM Financial, exclusively for leases of Buick, [...]

1/13/15Market Update: General Motors Company (NYSE:GM) – After losing GM business, Ally looks to other... (Jutia Group)

[Reuters] - Ally Financial Inc will overcome General Motors Co's decision to stop using the lender for discounted leases on new cars by expanding business with dealers for other automakers, a spokeswoman said late ... Read more on this. General Motors Company (GM), currently valued at $56.64B, opened at $36.08.   [...]

1/5/15Company Update: General Motors Company (NYSE:GM) – GM Canada says December sales rose 13 percent (Jutia Group)

[Reuters] - General Motors Co's Canadian unit sold 13 percent more vehicles in December than a year earlier, and full-year sales rose 6.3 percent from 2013, the company said on Monday. GM Canada sold 19,247 units ... Read more on this. General Motors Company (GM), with a current market cap of $54.93B, began [...]

1/1/15Market Update (NYSE:GM): General Motors issues 3 new recalls, cites ignition systems (Jutia Group)

[Reuters] - General Motors Co on Thursday announced three new recalls affecting nearly 84,000 sport-utility vehicles and pickup trucks, saying their ignition systems may have problems that could affect engine power ... Read more on this. General Motors Company (GM), with a current market cap of $56.09B, opened at $35.20.   [...]

12/19/14Market Update: General Motors Company (NYSE:GM) – Exclusive: GM develops contingency plans in c... (Jutia Group)

[Reuters] - General Motors Co has developed contingency plans in case recalls of potentially lethal Takata-made air bag inflators widens, forcing the U.S. automaker to repair millions of vehicles, the company said ... Read more on this. General Motors Company (GM), with a current value of $52.72B, began trading this morning at $31.76. [...]

12/15/14Market Update (NYSE:GM): General Motors faulty-switch compensation claims rise (Jutia Group)

[Reuters] - General Motors Co has received 64 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,326, according to the official administering the compensation ... Read more on this. General Motors Company (GM), with a current market cap of $50.10B, started the session [...]

12/11/14Stock Update: General Motors Company (NYSE:GM) – General Motors to invest $5 bln in Mexico -eco... (Jutia Group)

[Reuters] - General Motors will invest $5 billion in Mexico to double its production capacity at its plants around the country, Mexican Economy Minister Ildefonso Guajardo said on Thursday. "With this investment, ... Read more on this. General Motors Company (GM), valued at $52.32B, started the session at $32.17.   [...]

12/2/14Stock Update: General Motors Company (NYSE:GM) – Chrysler, GM Canada sales rise for November (Jutia Group)

[Reuters] - Chrysler Canada new vehicle sales rose 9 percent for the month of November, and GM Canada's sales rose 10 percent from a year earlier, the automakers said on Tuesday. Chrysler sold 20,922 cars and trucks, ... Read more on this. General Motors Company (GM), currently valued at $53.44B, started the session [...]

11/25/14Market Update (NYSE:F): U.S. regulators close probes into about 600,000 Ford, GM vehicles (Jutia Group)

[Reuters] - U.S. safety regulators have closed investigations into about 500,000 Ford Motor Co and about 100,000 General Motors Co vehicles without calling for recalls, the National Highway Traffic Safety Administration ... Read more on this. Ford Motor Co. (F), currently valued at $60.62B, opened this morning at $15.74.   [...]

11/25/14Market Update (NYSE:GM): U.S. regulators close probes into about 600,000 Ford, GM vehicles (Jutia Group)

[Reuters] - U.S. safety regulators have closed investigations into about 500,000 Ford Motor Co and about 100,000 General Motors Co vehicles without calling for recalls, the National Highway Traffic Safety Administration ... Read more on this. General Motors Company (GM), valued at $51.80B, started trading this morning at $32.25.   [...]

11/20/14Company Update: Raytheon Co (NYSE:RTN) – Raytheon and General Motors win National Excellence in... (Jutia Group)

[PR Newswire] - DULLES, Va., Nov. 20, 2014 /PRNewswire/ -- Raytheon Professional Services (RPS) LLC, a subsidiary of Raytheon Company (NYSE: RTN) in partnership with General Motors (NYSE: GM) received a 2014 Automotive ... Read more on this. Raytheon Company (RTN), valued at $32.14B, opened at $103.95.   During the [...]

11/19/14Market Update (NYSE:GM): Arizona Attorney General sues General Motors for $3 billion over recalls (Jutia Group)

[Reuters] - Arizona State said it had filed a lawsuit against General Motors Co claiming the automaker deliberately put the public at risk by intentionally concealing safety defects to avoid the cost of recalls. The ... Read more on this. General Motors Company (GM), with a current value of $51.38B, started trading this [...]

11/17/14Stock Update (NYSE:GM): GM ignition-switch claims deadline extended to Jan. 31 (Jutia Group)

[Reuters] - The deadline to file claims under General Motors Co's faulty ignition-switch compensation program has been extended by one month to Jan. 31, said Kenneth Feinberg, the program's administrator. Feinberg's office on Monday updated its list of claims submitted, saying it had approved compensation for the families of 33 victims killed in GM [...]

11/5/14Stock Update: General Motors Company (NYSE:GM) – GM Promotes Engineering Careers at Society of ... (Jutia Group)

[PR Newswire] - DETROIT, Nov. 5, 2014 /PRNewswire/ -- General Motors will encourage Hispanic students to pursue engineering careers with the automaker when it welcomes the annual conference of the Society of Hispanic Professional Engineers (SHPE) to Detroit from Nov. 5-9 at Cobo Center. GM is the Visionary Sponsor for the conference, the largest [...]

11/4/14Market Update (NYSE:GM): Auto Companies are Back to Their Old Tricks (Jutia Group)

[ETFguide] - This week GM (NYSE:GM) reported “its best October in seven years” as sales ticked up 0.2%, but wound up well below the consensus estimate of 3.1%. As a result the autos fell in price on Monday when the ... Read more on this. General Motors Company (GM), with a current market [...]

11/3/14Company Update: General Motors Company (NYSE:GM) – U.S. October auto sales best in several year... (Jutia Group)

[Reuters] - Automakers reported their strongest U.S. October sales in years on Monday, but top-seller General Motors Co missed expectations. Monthly U.S. sales of the six largest automakers as measured in U.S. market ... Read more on this. General Motors Company (GM), valued at $50.00B, started the session at $31.34.   [...]

10/28/14Market Update (NYSE:GM): The U.S. Army, GM and Raytheon Announce Graduation of Inaugural Class fr... (Jutia Group)

[PR Newswire] - Army, General Motors (GM) and Raytheon Company (RTN) today announced the successful graduation of the first Shifting Gears: Automotive Technician Training Program class. Created as a multi-year partnership between the two companies and the Army, the program provides and empowers transitioning soldiers with the skills required to secure careers as GM [...]

10/27/14Market Update (NYSE:GM): GM Ventures Makes a Strategic Investment in Telogis (Jutia Group)

[Marketwired] - Telogis announced that it has received an equity investment from GM Ventures, the venture capital subsidiary of General Motors. The investment extends the existing partnership between General Motors and ... Read more on this. General Motors Company (GM), with a current market cap of $48.33B, started the session at $30.15. [...]

10/24/14 (Jutia Group)

[Reuters] - General Motors Co persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company. Circuit Court of Appeals in Cincinnati on Friday said Spyker failed to show GM intentionally [...]

10/23/14Company Update (NYSE:GM): GM Financial receives second subpoena into subprime auto lending (Jutia Group)

[Reuters] - GM Financial, the in-house financing arm of General Motors Co, said on Thursday it received subpoenas in September from state attorneys general and other authorities over its subprime auto lending and securitization practices. In July, the auto lender received a subpoena from the U.S. GM Financial issued more securities backed by subprime [...]

10/17/14Stock Update (NYSE:GM): GM Announces $12.5 Billion Revolving Credit Facility (Jutia Group)

[PR Newswire] - DETROIT, Oct. 17, 2014 /PRNewswire/ -- General Motors Co. today announced the execution of an unsecured $12.5 billion revolving credit facility consisting of a $5 billion three-year facility and a $7.5 billion five-year facility. The facility amends and extends GM's existing $11 billion credit facility. "This credit facility further strengthens our [...]

10/15/14Company Update (NYSE:GM): Ford Vs. GM: New Leaders, Big Dreams (Jutia Group)

[Benzinga] - A few weeks ago, two of Detroit’s Big Three automakers — General Motors Company (NYSE: GM ) and Ford Motor Company (NYSE: F ) — released forecasts for the end of the year and the next few years. The forecasts ... Read more on this. General Motors Company (GM), valued at [...]

10/15/14Company Update (NYSE:F): Ford Vs. GM: New Leaders, Big Dreams (Jutia Group)

[Benzinga] - A few weeks ago, two of Detroit’s Big Three automakers — General Motors Company (NYSE: GM ) and Ford Motor Company (NYSE: F ) — released forecasts for the end of the year and the next few years. The forecasts ... Read more on this. Ford Motor Co. (F), with a [...]

9/26/14Market Update: General Motors Company (NYSE:GM) – First GM victims accept Feinberg settlement (Jutia Group)

[at CNNMoney.com] - The families of two teenage girls killed in a crash of a recalled GM car are the first to accept settlement offers from the automaker's victim's fund. The girls, Amy Rademaker, age 15, and Natasha Weigel, ... Read more on this. General Motors Company (GM), with a current market cap [...]

9/24/14Company Update: General Motors Company (NYSE:GM) – GM Salaries Busted U.S. Bailout Limit Last Y... (Jutia Group)

[at Bloomberg] - Treasury Department signed off on General Motors Co. (GM) pay packages that broke a pledge to cap cash salaries at $500,000 for employees at companies bailed out by the federal government in most cases, according to a watchdog report. Sixteen top employees at GM and the automaker’s former lending unit, Ally [...]

9/23/14Market Update: General Motors Company (NYSE:GM) – GM Earns Perfect Scores for Climate Change Ac... (Jutia Group)

[PR Newswire] - DETROIT, Sept. 23, 2014 /PRNewswire/ -- General Motors for the first time achieved perfect scores on both climate change data disclosure and performance submitted to CDP, the world's only global environmental disclosure system. Featured in the CDP S&P 500 Climate Change Report 2014, GM ranks among the world's largest companies acting [...]

9/19/14Stock Update (NYSE:GM): GM to Add New ‘Top-End’ Cadillac Sedan as U.S. Sales Slump (Jutia Group)

[at Bloomberg] - General Motors Co. (GM) said it will begin building a new “top-end, high-technology” sedan next year in Detroit, as the largest U.S. Production of the rear-wheel-drive model will start in 2015’s final quarter at the Detroit-Hamtramck plant, GM said in a statement today. The sedan, which hasn’t been named yet, “adds [...]

9/16/14Market Update (NYSE:GM): GM to boost output of mid-sized pickups in U.S., add jobs (Jutia Group)

[Reuters] - General Motors Co will add a third shift and 750 jobs at its Missouri assembly plant to build more of its new mid-sized pickup trucks, the No. 1 U.S. With early orders for the Chevrolet Colorado and GMC Canyon at nearly 30,000, GM decided to add the third shift at the Wentzville [...]

9/15/14Stock Update (NYSE:GM): GM to offer compensation for 19 deaths related to ignition switch (Jutia Group)

[Reuters] - General Motors Co will pay compensation for 19 deaths linked to a faulty ignition switch, according to the lawyer overseeing the process, more than the 13 deaths the automaker had previously admitted were caused by the now recalled part. Outside attorney Ken Feinberg is still reviewing claims of death and injury that [...]

9/12/14Company Update: General Motors Company (NYSE:GM) – Argentina dismisses General Motors’ claim ... (Jutia Group)

[Reuters] - Car makers in Argentina have sufficient dollars to meet production and sales targets, the government said Friday, a day after General Motors announced it had suspended exports from Brazil to its Argentine unit due to a hard currency shortage. Argentina has tightened controls on imports since it defaulted on its debt in [...]

9/5/14Company Update: General Motors Company (NYSE:GM) – GM wins dismissal of lawsuit over its IPO (Jutia Group)

[Reuters] - General Motors Co has won dismissal of a shareholder lawsuit accusing it of padding sales around the time of its November 2010 initial public offering by quietly unloading vehicle inventory on its dealers. District Judge Laura Taylor Swain in Manhattan said the automaker disclosed in its IPO offering materials "all of the [...]

9/4/14Stock Update (NYSE:GM): GM and GM Financial Enter into Support Agreement (Jutia Group)

[PR Newswire] - DETROIT, Sept. 4, 2014 /PRNewswire/ -- General Motors Co. (GM) and General Motors Financial Company, Inc., (GM Financial) announced today they have entered into a support agreement, reaffirming the critical role GM Financial plays in GM's success. The agreement provides for leverage limits and liquidity support to GM Financial if needed, [...]

8/26/14Stock Update: General Motors Company (NYSE:GM) – GM Shareholder Alert: Do You Own Stock in Gene... (Jutia Group)

[PR Newswire] - SAN FRANCISCO, Aug. 26, 2014 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP is investigating potential derivative claims on behalf of shareholders of General Motors Company (NYSE: GM), related to the belated ... Read more on this. General Motors Company (GM), currently valued at $55.70B, ended trading yesterday at $34.67. [...]

8/22/14Market Update: General Motors Company (NYSE:GM) – GM reviewing timing of Russia plant expansion (Jutia Group)

[Reuters] - General Motors Co said on Friday it was reviewing the timing of the expansion of its Russian plant near St Petersburg because of a slump in the auto market. The plant currently makes Chevrolet Cruze, Opel Astra, and Chevrolet Trailblazer models. "In view of the current business situation in Russia and the [...]

8/19/14Stock Update: General Motors Company (NYSE:GM) – GM expands website for owners of recalled vehi... (Jutia Group)

[Reuters] - General Motors Co's website for owners of its vehicles recalled for faulty ignition switches has been expanded to include all 20 models involved, the automaker said. The site launched in April initially informed owners of the 2.59 million mostly small cars, including the Chevrolet Cobalt and the Saturn Ion, that had ignition [...]

8/14/14Market Update (NYSE:GM): GM Plans Top-Range Cadillac, SRX Redesign for Next Year (Jutia Group)

[at Bloomberg] - General Motors Co. (GM) , aiming to reverse a sales slump for its Cadillac luxury brand, plans to introduce a top-range car and a redesigned SRX utility vehicle next year, an executive said. The car will have rear-wheel drive and arrive in late 2015, Dave Leone, Cadillac’s chief engineer, told reporters [...]

8/12/14Company Update: General Motors Company (NYSE:GM) – Heavy Michigan rains close GM tech center, a... (Jutia Group)

[Reuters] - Heavy rains in southeast Michigan hit the operations of U.S. automakers in the region, including forcing the closure of General Motors Co's technical center outside Detroit Detroit city officials said Monday night's heavy rainfall was the most rain the city had seen in almost nine decades. It caused flooding, power losses and [...]

8/5/14Company Update: General Motors Company (NYSE:GM) – Compass Point Cites Industry Iceberg As Feds... (Jutia Group)

[Benzinga] - Federal prosecutors' recent request that General Motors' (NYSE: GM ) finance unit hand over documents concerning its subprime lending practices could be the tip of a regulatory iceberg for the industry. ... Read more on this. General Motors Company (GM), valued at $53.53B, opened this morning at $33.57.   [...]

7/29/14Market Update (NYSE:GM): The U.S. Army, GM and Raytheon partner on advanced training initiative f... (Jutia Group)

[PR Newswire] - ARLINGTON, Va., July 29, 2014 /PRNewswire/ -- The U.S. Army, General Motors (GM) and Raytheon Company (RTN), today announced they are teaming up to provide eligible transitioning Army soldiers with skills to become service technicians at GM dealerships after they return to civilian life. The Shifting Gears: Automotive Technician Training Program, [...]


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