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GM Reports $210M Loss In China Joint Venture: 'The Headwinds Are Not Easy'
Wednesday, July 24, 2024 - 9:34am | 438General Motors Company‘s (NYSE:GM) joint venture with China’s SAIC General Motors Corporation, has been a profitable business since it was formed in 1997 — until this year, that is. The company lost $210 million during the first six months of this year, according to earnings...
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Tesla Is Best At Stealing Customers And Keeping Them: New Report Calls Company's Brand Loyalty 'Extraordinary'
Tuesday, January 31, 2023 - 12:30pm | 897Electric vehicle giant Tesla Inc (NASDAQ: TSLA) has dominated the electric vehicle segment of the automotive industry. And while competition is increasing from new players and incumbent automotive companies turning to electric, Tesla may have several key advantages. What Happened: Tesla is guiding...
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GM Tries To Regain China Drive By Aiming At Super-Rich: Here's What It's All About
Thursday, September 8, 2022 - 2:09am | 488General Motors Company (NYSE: GM) is planning to woo the urban rich in China through a new direct sales platform that will curate its most elite products across multiple brands as the American automaker tries to regain momentum in the world's biggest car market. Reuters reported on...
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GM To Stop Making Buick Regal Next Year
Wednesday, December 4, 2019 - 1:25pm | 362General Motors Company (NYSE: GM) will discontinue the Buick Regal next year as it continues to shift its focus to crossovers and SUVs. Motor Authority reported Tuesday that GM's Buick division confirmed the Regal won't get a 2021 model in North America after a nearly half century run,...
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Automakers In Top Gear As November Sales Accelerate
Thursday, December 1, 2016 - 1:34pm | 532Automakers are truly in the fast lane, as is evident from the monthly sales results reported for November by companies within the space. Easy credit terms, heavy promotions, two extra selling days this year, benign gas prices and buoyant consumer confidence have all served to work in unison to...
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General Motors Sees Record Sales For Third Year In A Row; Chinese Market Huge Driver of Sales
Thursday, January 21, 2016 - 1:25pm | 244General Motors Company (NYSE: GM) reported its third consecutive year of record sales Thursday, with 9.8 million vehicles moved in 2015. The figure represents a 0.2 percent increase over 2014 sales. Chinese sales in the luxury car market were a large factor in GM's success in 2015. Buick sales...
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Bank Of America On 2015 Auto Manufacturers: Keep Those Wheels Turning
Wednesday, February 4, 2015 - 4:28pm | 708In a report published Tuesday, analysts at Bank of America took a look at the U.S. auto manufacturers' industry, which saw January U.S. light vehicle sales rise 9.3 percent year-over-year on a selling-day-adjusted basis, above the firm’s mid-month estimate of +8.0 percent “for a...
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Why You Should Buy An American Car
Tuesday, May 27, 2014 - 3:59pm | 897The traditional argument for buying an American-made automobile has been patriotic. Support your country and its workers by buying a vehicle made here. That argument, as Bloomberg noted, plays strongly on a sense of nationalism and the notion that some industries like the Detroit-based...
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U.S. Auto Sales: Who Gained, Who Lost?
Tuesday, December 3, 2013 - 5:34pm | 765Many auto companies have released their U.S. sales figures for November. Investors closely follow these monthly data releases as an indication of the strength of the macro-economic environment, the entire auto sector and individual companies. Barclays boosted its fourth quarter GDP tracking...
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Five Star Stock Watch: General Motors (GM)
Tuesday, October 15, 2013 - 12:52pm | 348The company: General Motors Ticker Symbol: (NYSE: GM) Sector: Consumer Goods Industry: Auto Manufacturers General Motors designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. The company markets its vehicles primarily under the Buick, Cadillac,...
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Big Car Makers Take Sales Back Seat To Tesla In California
Monday, August 26, 2013 - 2:52pm | 619The Tesla (NASDAQ: TSLA) Model S is quickly proving itself to be much more than a novelty or a toy for the rich and famous. According to the California New Car Dealers Association, in June Tesla outsold several “heavy hitters” in the state including General Motors (NYSE: GM)’s Buick and...
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Determining the Impact of General Motors' Recall
Monday, June 10, 2013 - 10:15am | 359General Motors (NYSE: GM) will begin recalling up to 208,000 cars this week due to potential brake fluid leaks, according to The Wall Street Journal. These defective Buick Lacrosses were produced in China between 2006 and 2009. While it is hard to estimate the cost of the recall, one can...
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These 13 American Cars Released After the Bailout Are the Most Important
Monday, May 6, 2013 - 2:46pm | 192For more than a brief moment during the Great Recession, it appeared the fate of the Big Three automakers was in jeopardy. General Motors (NYSE: GM) declared Chapter 11 bankruptcy, while Chrysler filed its third bankruptcy before its ownership stake was sold to Cerberus Capital Management. Ford (...
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Cadillac Headed for Brazil
Tuesday, October 23, 2012 - 9:05am | 453In an effort to increase global awareness of its finest luxury brand, General Motors (NYSE: GM) is contemplating exporting the crested cars to other parts of the world, the latest possibility is to Brazil. GM has no plans to actually build the cars in Brazil, which currently sits as the world's...
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General Motors Offers Financing to Subprime Buyers
Thursday, August 2, 2012 - 8:49am | 471General Motors (NYSE: GM) will continue efforts to increase vehicle sales and is expected to release another purchase program for buyers with low credit scores. This same program was introduced back in 2010 after General Motors purchased AmeriCredit Corporation for $3.5 billion in efforts to gain...