2007-04-26 -- General Motors has scheduled the release of its first-quarter 2007 financial results for 7:00 a.m. EDT, Thursday, May 3, 2007, via PR Newswire and GM Media Online.
GM Vice Chairman and Chief Financial Officer Fritz Henderson will conduct a conference call at 9:30 a.m. EDT. A question-and-answer session with financial analysts and the media will follow a brief review of the results. The call is expected to last approximately 90 minutes.
Conference Call Information: To participate in North America, dial 1-800-718-6845. To participate outside North America, dial 1-212-231-6043. The conference call will also be webcast live on GM's Investor website http://investor.gm.com in the Calendar/Events section. Charts will be posted in the Earnings Release section.
Archive: A taped replay of this call will be made available from 12:45 p.m. EDT, May 3, 2007, until 12:45 p.m. EDT, May 7, 2007. In North America, please dial 1-800-633-8284 (or +1-402-977-9140 for access outside North America ) and enter reservation number 21336756 to access the taped replay.
Source: GM
Showing posts with label General Motors. Show all posts
Showing posts with label General Motors. Show all posts
Friday, April 27, 2007
Thursday, April 26, 2007
Three Chevrolet Models to be Assembled in Kazakhstan
- Azia Avto will assemble and distribute Chevrolet Captiva, Chevrolet Epica and Chevrolet Lacetti
- First Chevrolets on display at Astana Motor Show this week
- Strong market growth expected in next five years
Astana, Kazakhstan, 2007-04-24 -- The first Chevrolets assembled by General Motors' local partner, Azia Avto, in Ust-Kamenogorsk, go on show in the Kazakh capital, Astana, today. The Chevrolet Captiva SUV, Chevrolet Epica sedan and Chevrolet Lacetti compact models are assembled from kits supplied from General Motors' South Korean manufacturing facilities (GM DAT).
The assembly of 1500 units this year and more than 3000 in 2008 will put Chevrolet in a strong position in a market with significant growth potential. Kazakhstan, with a population of 18 million, saw annual vehicle sales exceed 60,000 for the first time in 2006. Based on continued economic growth, this figure is expected to increase to 250,000 within five years. The cars produced in Ust-Kamenogorsk are to be sold exclusively within Kazakhstan.
“Kazakhstan has a prosperous future and we are very pleased to have a reliable and knowledgeable manufacturing partner to work with,” said Chris J. Lacey, Executive Director GM Central and Eastern Europe. “There is plenty of opportunity to extend General Motors' activities and model offer in Kazakhstan and, working with our ever growing dealer network, we will be able to reach out to even more prospective customers.”
“We are very proud to bring one of world’s top three brands to our country”, said Yerzhan Mandiyev, President of Azia Avto. “Chevrolet’s reliability, attractive design and strong brand image are exactly what a growing number of Kazakhstan’s new car buyers are looking for.”
In recent years, Chevrolet has been particularly successful in Europe's fastest growing markets. While the company’s sales growth in the first quarter of 2007 in all of Europe was at a considerable 33 percent, sales volume in Romania increased by 128 percent and in Russia the growth was 109 percent in the first three months of 2007 versus the same period last year. With a 90-percent growth rate, Bulgaria also contributed considerably to Chevrolet’s success in the region.
General Motors Corp. (NYSE: GM), the world’s largest automaker, has been the global industry sales leader for 76 years. Founded in 1908, GM today employs about 284,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. In Europe, GM sells its Opel, Vauxhall, Saab, Chevrolet, Cadillac, Corvette and Hummer ranges in over 30 markets. It operates 10 production and assembly facilities in seven countries and employs around 60,500 people.
More information on GM can be found at http://www.gmeurope.com
Source: GM Central and Eastern Europe
Monday, April 23, 2007
General Motors to Complete Process of Delisting Common Stock from Trading on the London Stock Exchange
General Motors Corporation (NYSE: GM) announced today that at the Corporation's request, the Financial Services Authority ("FSA") in the U.K. has authorized shares of GM's $1-2/3 Par Value Common Stock to be delisted from trading on the London Stock Exchange ("LSE") at the opening of trading on the LSE on Monday, May 21, 2007.
The request by GM for delisting on the LSE is part of GM's plan to concentrate the trading of its shares on the NYSE, to eliminate the listing fees charged by other exchanges, and to avoid multiple regulatory schemes that govern corporations whose shares are traded on exchanges located in more than one jurisdiction. GM recently delisted its shares from the Toronto Stock Exchange, Pacific Stock Exchange, Chicago Stock Exchange and Philadelphia Stock Exchange in North America and the Frankfurt Stock Exchange and Dusseldorf Stock Exchange in Germany.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the global industry sales leader for 76 years. Founded in 1908, GM today employs about 280,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services.
More information on GM can be found at www.gm.com
# # #
Source: General Motors
The request by GM for delisting on the LSE is part of GM's plan to concentrate the trading of its shares on the NYSE, to eliminate the listing fees charged by other exchanges, and to avoid multiple regulatory schemes that govern corporations whose shares are traded on exchanges located in more than one jurisdiction. GM recently delisted its shares from the Toronto Stock Exchange, Pacific Stock Exchange, Chicago Stock Exchange and Philadelphia Stock Exchange in North America and the Frankfurt Stock Exchange and Dusseldorf Stock Exchange in Germany.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the global industry sales leader for 76 years. Founded in 1908, GM today employs about 280,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services.
More information on GM can be found at www.gm.com
# # #
Source: General Motors
Saturday, April 21, 2007
GM Family Brings Record Number of Vehicles to Auto Shanghai 2007
Shanghai, China, 2007-04-19 - Under the theme of Driving China’s Automotive Industry into the Future, General Motors Corp. and its China joint ventures are showcasing a record number of vehicles of today and tomorrow at Auto Shanghai 2007.
The 41 vehicles from GM, Shanghai General Motors and SAIC-GM-Wuling represent an array of production, concept and clean-energy products. All six brands offered by the GM family in China are represented on their 4,500-square-meter stand at this year's leading auto show in China.
"GM is proud to be joining our joint ventures to show the people of China our unmatched lineup of vehicles in addition to some new products and technologies that are making their first appearance in China," said GM China Group President and Managing Director Kevin E. Wale. "Our stand demonstrates how China's vehicle buyers are benefiting from our partnerships today and will continue to benefit from our partnerships well into the future."
Global Concepts of Tomorrow
The highlight of GM's stand is two concepts that are making their worldwide premiere. Both products were personally introduced by GM Chairman and CEO Rick Wagoner.
The Buick Riviera is a stunning coupe developed with global design input by GM's Pan Asia Technical Automotive Center (PATAC) in Shanghai by GM’s Pan Asia Technical Automotive Center (PATAC) automotive engineering and design joint venture in Shanghai. It was creatdesigned to showcase Buick's new global design direction in a stylish vehicle that combines East and West. It also marks the return of a renowned Buick nameplate after an eight-year hiatus.
GM's latest achievement in electric and fuel cell technologies is appearing in the next iteration of the E-Flex electric architecture. This second variant of theThe E-Flex system being shown for the first time in Shanghai uses GM's new fifth-generation fuel cell propulsion technology and a lithium-ion battery. The system was first initially shown in January at the North American International Auto Show in Detroit in the Chevrolet Volt concept vehicle, which is also appearing on GM's stand.
Among the other concept vehicles from around the world appearing on the GM stand are the Chevrolet Camaro sports car, the Chevrolet WTCC race car and the Cadillac Cien sedan.
Production Vehicles of Today
In addition to highlighting several of its vehicles of the future, GM and its joint ventures are also displaying an arraya range of products that are currently or will soon be offered in China.
New from Buick is the Buick Park Avenue luxury sedan, the brand's top-of-the-line model, which is fresh off its worldwide debut in Shanghai on April 10. Buick's lineup also includes all three members of the Excelle family, Shanghai GM's best-selling model, as well as the ever-popular Buick GL8 executive wagon and the hot-selling Buick LaCrosse premium sedan.
Cadillac, GM's American luxury brand, has on display all five vehicles that it currently offers in China. One of the five models and Cadillac's best-selling product, the Cadillac SLS luxury business sedan, is making its maiden appearance at Auto Shanghai.
Chevrolet has on display a range of cars that begin with the Chevrolet Spark mini-car and go all the way up to the new Chevrolet Epica intermediate sedan, which went on sale across China beginning in March. Visitors will also see standard and sporty versions of the Chevrolet Aveo hatchback as well as the popular Chevrolet Lova compact sedan.
Being shown for the first time in Asia are two models courtesy of GM's Opel import brand from Germany. The Opel Astra GTC with a panorama windshield offers both the driver and front seat passenger an almost unlimited field of vision. Passengers experience their surroundings just like in the cockpit of an airplane because there is no crossbeam restricting the view. The Opel Astra TwinTop, which was launched in Europe last May, is a slimline four-seat cabrio-coupe that is one of the first cars in its class to feature an innovative three-part roof system.
Saab, GM's premium brand from Sweden, is showcasing four members of its Saab 9-3 family: the Convertible, Linear sedan, Sporthatch and Vector sedan. Also appearing is the Saab 9-5 Aero sedan.
The Wuling mini-vehicle brand from SAIC-GM-Wuling is represented by the Hong Tu minivan, which is making its first appearance at the Shanghai auto show, and the GM China family's most popular model, the Sunshine minivan.
Auto Shanghai 2007 begins on April 22 and runs through April 28 at the Shanghai New International Expo Center. Vehicles from GM, Shanghai GM and SAIC-GM-Wuling are being displayed on the GM stand in Hall E1.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the global industry sales leader for 76 years. Founded in 1908, GM today employs about 280,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services.
More information on GM can be found at www.gm.com
# # #
Source: General Motors China
The 41 vehicles from GM, Shanghai General Motors and SAIC-GM-Wuling represent an array of production, concept and clean-energy products. All six brands offered by the GM family in China are represented on their 4,500-square-meter stand at this year's leading auto show in China.
"GM is proud to be joining our joint ventures to show the people of China our unmatched lineup of vehicles in addition to some new products and technologies that are making their first appearance in China," said GM China Group President and Managing Director Kevin E. Wale. "Our stand demonstrates how China's vehicle buyers are benefiting from our partnerships today and will continue to benefit from our partnerships well into the future."
Global Concepts of Tomorrow
The highlight of GM's stand is two concepts that are making their worldwide premiere. Both products were personally introduced by GM Chairman and CEO Rick Wagoner.
The Buick Riviera is a stunning coupe developed with global design input by GM's Pan Asia Technical Automotive Center (PATAC) in Shanghai by GM’s Pan Asia Technical Automotive Center (PATAC) automotive engineering and design joint venture in Shanghai. It was creatdesigned to showcase Buick's new global design direction in a stylish vehicle that combines East and West. It also marks the return of a renowned Buick nameplate after an eight-year hiatus.
GM's latest achievement in electric and fuel cell technologies is appearing in the next iteration of the E-Flex electric architecture. This second variant of theThe E-Flex system being shown for the first time in Shanghai uses GM's new fifth-generation fuel cell propulsion technology and a lithium-ion battery. The system was first initially shown in January at the North American International Auto Show in Detroit in the Chevrolet Volt concept vehicle, which is also appearing on GM's stand.
Among the other concept vehicles from around the world appearing on the GM stand are the Chevrolet Camaro sports car, the Chevrolet WTCC race car and the Cadillac Cien sedan.
Production Vehicles of Today
In addition to highlighting several of its vehicles of the future, GM and its joint ventures are also displaying an arraya range of products that are currently or will soon be offered in China.
New from Buick is the Buick Park Avenue luxury sedan, the brand's top-of-the-line model, which is fresh off its worldwide debut in Shanghai on April 10. Buick's lineup also includes all three members of the Excelle family, Shanghai GM's best-selling model, as well as the ever-popular Buick GL8 executive wagon and the hot-selling Buick LaCrosse premium sedan.
Cadillac, GM's American luxury brand, has on display all five vehicles that it currently offers in China. One of the five models and Cadillac's best-selling product, the Cadillac SLS luxury business sedan, is making its maiden appearance at Auto Shanghai.
Chevrolet has on display a range of cars that begin with the Chevrolet Spark mini-car and go all the way up to the new Chevrolet Epica intermediate sedan, which went on sale across China beginning in March. Visitors will also see standard and sporty versions of the Chevrolet Aveo hatchback as well as the popular Chevrolet Lova compact sedan.
Being shown for the first time in Asia are two models courtesy of GM's Opel import brand from Germany. The Opel Astra GTC with a panorama windshield offers both the driver and front seat passenger an almost unlimited field of vision. Passengers experience their surroundings just like in the cockpit of an airplane because there is no crossbeam restricting the view. The Opel Astra TwinTop, which was launched in Europe last May, is a slimline four-seat cabrio-coupe that is one of the first cars in its class to feature an innovative three-part roof system.
Saab, GM's premium brand from Sweden, is showcasing four members of its Saab 9-3 family: the Convertible, Linear sedan, Sporthatch and Vector sedan. Also appearing is the Saab 9-5 Aero sedan.
The Wuling mini-vehicle brand from SAIC-GM-Wuling is represented by the Hong Tu minivan, which is making its first appearance at the Shanghai auto show, and the GM China family's most popular model, the Sunshine minivan.
Auto Shanghai 2007 begins on April 22 and runs through April 28 at the Shanghai New International Expo Center. Vehicles from GM, Shanghai GM and SAIC-GM-Wuling are being displayed on the GM stand in Hall E1.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the global industry sales leader for 76 years. Founded in 1908, GM today employs about 280,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services.
More information on GM can be found at www.gm.com
# # #
Source: General Motors China
Thursday, April 12, 2007
Preh Honored by General Motors as a 2006 Supplier of the Year
NOVI, Mich., April 11 /PRNewswire/ -- Preh was presented the General Motors 2006 Supplier of the Year award for its overall business performance in providing GM with world-class parts and services. The 15th annual award - themed the "Best of the Best" - was given during ceremonies Saturday, March 31 at the JW Marriott Orlando Grande Lakes in Orlando, Fla.
"We are proud to honor Preh as one of the 'Best of the Best' GM suppliers in 2006," said Bo Andersson, GM group vice president, Global Purchasing and Supply Chain. "Preh achieved the award based on outstanding performance in 2006. We appreciate their energy, hard work and dedication to the success of GM."
"For us to be selected a second time as GM Supplier of the Year is a great honor," said Dr. Michael Roesnick, president and CEO of Preh GmbH. "The primary reason for our success is due to outstanding Preh internal teamwork, coupled with an excellent working relationship with GM. All the climate control systems that we supply to GM are developed in-house with customer participation prior to manufacturing, ensuring the highest product quality right from the start. The award testifies that we are on the right track with this strategy."
The GM Supplier of the Year award began as a global program in 1992. Winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 89 suppliers for their outstanding performance throughout 2006.
About Preh
Preh was founded in Germany in 1919. As a full-service supplier, Preh works directly with major automakers in the development and manufacture of complete interior control systems, sensors and electronic control units.
The company maintains in-house capabilities for plastics injection molding, precision mechanics, light-pipe design, electronics hardware, surface finishing, laser etching and software development.
With sales of $360 million (USD) in 2006, Preh employs over 1,900 people located in Germany, Portugal, France, Mexico and the U.S. 86 percent of Preh's annual revenue comes from its automotive business. Preh's U.S. customer service center is located in Novi, Mich.
Source: Preh
"We are proud to honor Preh as one of the 'Best of the Best' GM suppliers in 2006," said Bo Andersson, GM group vice president, Global Purchasing and Supply Chain. "Preh achieved the award based on outstanding performance in 2006. We appreciate their energy, hard work and dedication to the success of GM."
"For us to be selected a second time as GM Supplier of the Year is a great honor," said Dr. Michael Roesnick, president and CEO of Preh GmbH. "The primary reason for our success is due to outstanding Preh internal teamwork, coupled with an excellent working relationship with GM. All the climate control systems that we supply to GM are developed in-house with customer participation prior to manufacturing, ensuring the highest product quality right from the start. The award testifies that we are on the right track with this strategy."
The GM Supplier of the Year award began as a global program in 1992. Winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 89 suppliers for their outstanding performance throughout 2006.
About Preh
Preh was founded in Germany in 1919. As a full-service supplier, Preh works directly with major automakers in the development and manufacture of complete interior control systems, sensors and electronic control units.
The company maintains in-house capabilities for plastics injection molding, precision mechanics, light-pipe design, electronics hardware, surface finishing, laser etching and software development.
With sales of $360 million (USD) in 2006, Preh employs over 1,900 people located in Germany, Portugal, France, Mexico and the U.S. 86 percent of Preh's annual revenue comes from its automotive business. Preh's U.S. customer service center is located in Novi, Mich.
Source: Preh
Wednesday, April 11, 2007
GM Europe First Quarter 2007 Sales Reach All-time Record
- GME Q1 market share of 9.8 percent is best since 1997
- Best Opel/Vauxhall Q1 result since 2001 (428,787units)
- Chevrolet reaches all-time records for sales volumeand market share
- GM Russia sales up 128percent
In the first quarter of 2007, General Motors (GM) Europe sales reached an all-time record of 553,621 units*, an increase of 30,354 compared to Q1 2006. The company market share established a 10-year record, reaching 9.8 percent, up 0.4 point from the previous Q1.
“These strong results show our multi-brand strategy is beginning to make an impact, as is an aggressive strategy for growth in Eastern and Central Europe. Importantly, we are achieving our sales momentum while improving the profitability of our sales, raising contribution margins and generating higher residual values for our customers”, said Jonathan Browning, GM Europe Vice President for Sales, Marketing and Aftersales.
“Last year was the first time in history we sold over two million vehicles”, Browning said. “At the same time, we improved the quality of our sales and increased margins and revenue. Clearly, we must continue to work on the revenue side and further leverage our multi-brand strategy for growth and profit.”
Opel/Vauxhall reaches best Q1 result since 2001
Accounting for 78 percent of GM’s European sales, Opel/Vauxhall sold 428,787 vehicles in the first quarter of 2007, the best sales volume since 2001. Market share was stable at 7.6 percent. Strong results in Russia and the U.K. offset significant weakening in the German market.
New models, like the recently launched New Opel Corsa and the Opel Astra, are now among the best sellers in the European market. The Opel Corsa sales increased 57 percent compared to Q1 2006. Meriva was the leading model in the small monocab segment and Zafira/Meriva leaded the total monocab segment.
Chevrolet reaches all-time records for sales volume and market share
Chevrolet maintained its sales momentum in Europe, reaching an all-time record in the first quarter, beating last year’s first quarter record by 25,076 units, and bringing total sales for the quarter up to 100,526 units. Market share also grew 0.4 point, to 1.8 percent, another all-time record for the brand.
“The success of the new Chevrolet Captiva and the additional diesel versions of the Chevrolet Epica, Chevrolet Lacetti and Chevrolet Nubira are now driving even more customers to Chevrolet”, said Browning.
On the premium brand side, Saab sold 22,169 units in Europe, with a market share of 0.4 percent, while Cadillac, Hummer and Corvette sold 1,699 units, 7 percent more than in Q1 2006.
GM Russia sales are up 128 percent
GM brands in Russia continued their fast growth rate with sales increasing 128 percent, up to 46,546 units, in the first quarter of 2007, significantly outpacing the 26 percent market growth. Market share grew 4.3 points to 9.5 percent, showing the success of GM’s aggressive Eastern Europe strategy.
Opel and Chevrolet both performed well in Russia and in the Central and Eastern European markets. Opel sales in Russia were up to 9,380 units, 6,643 more compared to Q1 2006, with market share growing from 0.7 to 1.9 percent.
Chevrolet Q1 sales in Russia more than doubled compared to Q1 2006. The brand’s share in Russia grew from 4.5 percent to 7.5 percent, with sales of 36,735 vehicles, accounting for 37 percent of Chevrolet sales in Europe.
“As we continue to grow sales and profit in Russia we are building on a growing and highly professional dealer body”, Browning said.
GME publishes its sales press releases on a quarterly basis. The next dates will be July 9, October 8 and January 7. In between these releases, individual questions regarding sales may be directed to Nelson Silveira, Manager, GME Corporate Communications.
About GM
General Motors Corp. (NYSE: GM), the world’s largest automaker, has been the global industry sales leader for 76 years. Founded in 1908, GM today employs about 284,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, motorists bought nearly 9.1 million cars and trucks globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. In Europe, GM sells its Opel, Vauxhall, Saab, Chevrolet, Cadillac, Corvette and Hummer ranges in over 30 markets. It operates 10 production and assembly facilities in seven countries and employs around 60,500 people.
More information on GM can be found at http://www.gmeurope.com
Source: General Motors
Saturday, April 7, 2007
DENSO Honored by General Motors as a 2006 Supplier of the Year
DENSO International America was presented the General Motors 2006 Supplier of the Year award for its overall business performance in providing GM with world-class parts and services. The 15th annual award -- themed the "Best of the Best" -- was given during ceremonies Saturday, March 31 at the JW Marriott Orlando Grande Lakes in Orlando, Fl.
"We are proud to honor DENSO as one of the 'Best of the Best' GM suppliers in 2006," said Bo Andersson, GM group vice president, Global Purchasing and Supply Chain. "DENSO achieved the award based on outstanding performance in 2006. We appreciate their energy, hard work and dedication to the success of GM."
"DENSO is honored to receive the Supplier of the Year Award for four different products this year," said Terry Helgesen, senior vice president, Marketing Division, DENSO International America. "This would not be possible without the hard work and dedication of all of our manufacturing, engineering and sales employees who are committed to providing GM with the highest quality and best value. We are committed to working to provide the highest total value to GM."
DENSO was recognized for its heating, ventilation and air conditioning (HVAC) system, windshield wipers, fuel injectors and navigation system.
The GM Supplier of the Year award began as a global program in 1992. Winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 89 suppliers for their outstanding performance throughout 2006.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world's major carmakers. Worldwide, the company employs approximately 106,000 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2006 totaled US$27.3 billion.
For more information, go to http://www.globaldenso.com/
In the Americas, DENSO employs more than 15,000 people at 33 companies with consolidated sales of US$5.9 billion for the above fiscal year. Southfield, Mich.-based DENSO International America, Inc., serves as DENSO's North American headquarters.
For more information, go to http://www.densocorp-na.com/
Source: DENSO Corporation
"We are proud to honor DENSO as one of the 'Best of the Best' GM suppliers in 2006," said Bo Andersson, GM group vice president, Global Purchasing and Supply Chain. "DENSO achieved the award based on outstanding performance in 2006. We appreciate their energy, hard work and dedication to the success of GM."
"DENSO is honored to receive the Supplier of the Year Award for four different products this year," said Terry Helgesen, senior vice president, Marketing Division, DENSO International America. "This would not be possible without the hard work and dedication of all of our manufacturing, engineering and sales employees who are committed to providing GM with the highest quality and best value. We are committed to working to provide the highest total value to GM."
DENSO was recognized for its heating, ventilation and air conditioning (HVAC) system, windshield wipers, fuel injectors and navigation system.
The GM Supplier of the Year award began as a global program in 1992. Winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 89 suppliers for their outstanding performance throughout 2006.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world's major carmakers. Worldwide, the company employs approximately 106,000 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2006 totaled US$27.3 billion.
For more information, go to http://www.globaldenso.com/
In the Americas, DENSO employs more than 15,000 people at 33 companies with consolidated sales of US$5.9 billion for the above fiscal year. Southfield, Mich.-based DENSO International America, Inc., serves as DENSO's North American headquarters.
For more information, go to http://www.densocorp-na.com/
Source: DENSO Corporation
Wednesday, April 4, 2007
GM Reports 909,094 Deliveries in Q1, 349,867 Deliveries in March 2007
Q1
March
DETROIT, 2007-04-03 - GM dealers in the United States delivered 349,867 vehicles in March, a reduction of 7.7 percent on a sales day-adjusted basis (down 4.2 percent non-adjusted), compared with 365,375 total sales a year ago. Fleet sales were down 11.8 percent due to continuing reductions in daily rental sales. GM's March retail sales were down 6.2 percent compared with year-ago levels on a sales day-adjusted basis (down 2.8 percent non-adjusted).
For the first quarter of 2007, GM delivered 909,094 vehicles, a decline of 5.6 percent, driven by reductions of almost 60,000 daily rental vehicle sales. For the first quarter of 2007, GM retail sales were up 0.5 percent. The reductions in fleet sales have resulted in a significant improvement in the retail/fleet mix.
"As we continue to build upon our strategy of focusing on value, lowering daily rental sales and increasing residual values, we were able to grow retail sales for the quarter, posting year-over-year increases in 19 vehicle lines. That's very good news. In March, we saw continued strength and stability in our retail business led by gains in mid-cars, crossovers, economy cars and luxury SUVs," said Mark LaNeve, vice president, GM North American Sales, Service and Marketing. "The Chevrolet Silverado, GMC Sierra, GMC Acadia and Saturn Outlook are exceeding our expectations and confirm that when you offer the best product, value, segment-leading fuel economy and the best warranty coverage in the industry, customers respond."
GM March sales reflected the continuing strength of the new product portfolio with competitive incentive spending, balanced with ongoing reductions in daily rental fleet sales.
Chevrolet Aveo, Chevrolet Impala, Chevrolet Equinox, Chevrolet HHR, Chevrolet Suburban and Chevrolet Avalanche; Pontiac G6; Saturn Sky; GMC Yukon XL; Cadillac SRX, Cadillac Escalade ESV and Cadillac Escalade EXT all had March retail sales increases compared to a year ago. Pontiac G5; Saturn Aura and Saturn Outlook and the GMC Acadia are newly-offered products and continue to contribute retail sales momentum. The GMC Acadia and Saturn Outlook drove a 235 percent retail increase in the mid-crossover segment.
For the first quarter, Chevrolet Chevrolet Aveo, Chevrolet Impala, Chevrolet Colorado, Chevrolet Silverado, Chevrolet Suburban and Chevrolet Avalanche; Buick Rendezvous; Pontiac G6 and Pontiac Vibe; Saturn Sky; GMC Canyon, GMC Sierra and GMC Yukon XL; Cadillac SRX, Cadillac Escalade, Cadillac Escalade ESV and Cadillac Escalade EXT; Saab 9-5 and Saab 9-7X all had retail sales increases compared with the first quarter of 2006. Pontiac G5, Saturn Aura and Saturn Outlook and GMC Acadia built retail strength in the quarter.
"GM offers the best coverage with a 5 year/100,000 mile powertrain limited warranty with roadside assistance and courtesy transportation. For customers, that translates to tangible value versus competitive cars, SUVs and trucks," LaNeve added. "Our customers are telling us that we have great products, industry-leading fuel economy and the best value out there. And with new products such as the Buick Enclave, Cadillac CTS and Chevrolet Malibu still to come this year, we expect to build on this momentum."
Certified Used Vehicles
March 2007 sales for all certified GM brands, including GM Certified Used Vehicles, Cadillac Certified Pre-Owned Vehicles, Saturn Certified Pre-Owned Vehicles, Saab Certified Pre-Owned Vehicles and HUMMER Certified Pre-Owned Vehicles, established a new monthly sales record for the certified category with sales of 53,734 units, up 9.7 percent from last March. Total year-to-date certified GM sales are 139,851 units, up 8 percent from the same period last year.
Leading the way was GM Certified Used Vehicles, the industry's top-selling manufacturer-certified used brand, which set a new industry monthly sales record for the certified pre-owned category with sales of 47,394 units. GM Certified sales were up 11 percent from the previous March. Year-to-date sales for GM Certified Used Vehicles are 122,784 units, up nearly 9 percent.
Cadillac Certified Pre-Owned Vehicles posted sales of 3,847 units, comparable to last March. Saturn Certified Pre-Owned Vehicles sold 1,615 units in March, down 7 percent. Saab Certified Pre-Owned Vehicles sold 761 units, comparable to last March, and HUMMER Certified Pre-Owned Vehicles sold 117 units, up 41 percent.
"March was a record month for GM certified sales," LaNeve said. "GM Certified Used Vehicles, which sold 47,394 units, set a new industry monthly sales record for a certified brand. This puts an exclamation mark on an outstanding first quarter by GM Certified Used Vehicles. With the 5 year/100,000 mile warranty on qualifying Certified Used Vehicles, we're optimistic this momentum will continue throughout the year."
GM North America Reports March and First-Quarter 2007 Production, 2007 Second-Quarter Production Forecast is Revised at 1.160 Million Vehicles
In March, GM North America produced 401,000 vehicles (134,000 cars and 267,000 trucks). This is down 59,000 units or 13 percent compared to March 2006 when the region produced 460,000 vehicles (182,000 cars and 278,000 trucks).
(Production totals include joint venture production of 15,000 vehicles in March 2007 and 16,000 vehicles in March 2006.)
GM North America built 1.063 million vehicles (399,000 cars and 664,000 trucks) in the first-quarter of 2007. This is down 192,000 vehicles or 15 percent compared to first-quarter of 2006 when the region produced 1.255 million vehicles (496,000 cars and 759,000 trucks). Additionally, the region's 2007 second-quarter production forecast is revised at 1.160 million vehicles (410,000 cars and 750,000 trucks), down 15,000 units or 1.3 percent from last month's guidance.
GM also announced revised 2007 first-quarter and second-quarter production forecasts for its international regions.
GM Europe - GM Europe's 2007 first-quarter production forecast is revised at 511,000 units, up 3,000 units from last month's guidance. In the first-quarter of 2006 the region built 494,000 vehicles. The region's 2007 second-quarter production forecast is revised at 473,000 vehicles, up 6,000 units from last month's guidance. In the second-quarter of 2006 the region built 495,000 vehicles.
GM Asia Pacific - The region's 2007 first-quarter production forecast is revised at 539,000 vehicles, up 1,000 units from last month's guidance. In the first-quarter of 2006 the region built 472,000 vehicles. GM Asia Pacific's 2007 second-quarter production forecast is revised at 568,000 vehicles, up 8,000 units from last month's guidance. In the second-quarter of 2006 the region built 482,000 vehicles.
GM Latin America, Africa and the Middle East - The region's 2007 first-quarter production forecast is revised at 222,000 units, down 3,000 units from last month's guidance. In the first-quarter of 2006 the region built 194,000 vehicles. The region's 2007 second-quarter production forecast is unchanged at 233,000 vehicles. In the second-quarter of 2006 the region built 206,000 vehicles.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the global industry sales leader for 76 years. Founded in 1908, GM today employs about 284,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services.
More information on GM can be found at www.gm.com
Note: In this press release and related comments by General Motors management, we use words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions to identify forward-looking statements, representing our current judgment about possible future events. We believe these judgments are reasonable, but actual results may differ materially due to a variety of important factors. Among other items, such factors might include: the pace of introductions and market acceptance of new products; the effect of competition on our markets and significant changes in the competitive environment; price increases or shortages of fuel; and changes in laws, regulations or tax rates. GM's most recent annual report on Form 10-K and quarterly report on Form 10-Q provide information about these factors, which may be revised or supplemented in future reports to the SEC on Form 10-Q or 8-K.
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Source: GM
- Retail Sales Up 0.5 Percent - Mid-Cars Up 14.5 Percent; Full-Size Pickups up 12.2 Percent
- Saturn and GMC Post Substantial Gains Led By Saturn Aura Mid-Size Sedan and Crossovers Saturn Outlook and GMC Acadia
- Chevrolet Impala and Chevrolet Aveo Post Quarterly Record Sales
- Daily Rental Sales Down 32 Percent; Non-Rental Fleet Sales Up 3 Percent
March
- Sales Down 7.7 Percent vs. Year Ago
- GMC Acadia and Saturn Outlook Fuel 235 Percent Retail Increase in Mid-Utility Crossover Sales
- Record March Cadillac Escalade Sales Drive 17.6 Percent Retail Increase in Large Luxury Utilities
- Chevrolet Impala, Pontiac G6 and Saturn Aura Contribute To Retail Sales Increase For Mid-Car Segment
- Daily Rental Sales Down 35 Percent
DETROIT, 2007-04-03 - GM dealers in the United States delivered 349,867 vehicles in March, a reduction of 7.7 percent on a sales day-adjusted basis (down 4.2 percent non-adjusted), compared with 365,375 total sales a year ago. Fleet sales were down 11.8 percent due to continuing reductions in daily rental sales. GM's March retail sales were down 6.2 percent compared with year-ago levels on a sales day-adjusted basis (down 2.8 percent non-adjusted).
For the first quarter of 2007, GM delivered 909,094 vehicles, a decline of 5.6 percent, driven by reductions of almost 60,000 daily rental vehicle sales. For the first quarter of 2007, GM retail sales were up 0.5 percent. The reductions in fleet sales have resulted in a significant improvement in the retail/fleet mix.
"As we continue to build upon our strategy of focusing on value, lowering daily rental sales and increasing residual values, we were able to grow retail sales for the quarter, posting year-over-year increases in 19 vehicle lines. That's very good news. In March, we saw continued strength and stability in our retail business led by gains in mid-cars, crossovers, economy cars and luxury SUVs," said Mark LaNeve, vice president, GM North American Sales, Service and Marketing. "The Chevrolet Silverado, GMC Sierra, GMC Acadia and Saturn Outlook are exceeding our expectations and confirm that when you offer the best product, value, segment-leading fuel economy and the best warranty coverage in the industry, customers respond."
GM March sales reflected the continuing strength of the new product portfolio with competitive incentive spending, balanced with ongoing reductions in daily rental fleet sales.
Chevrolet Aveo, Chevrolet Impala, Chevrolet Equinox, Chevrolet HHR, Chevrolet Suburban and Chevrolet Avalanche; Pontiac G6; Saturn Sky; GMC Yukon XL; Cadillac SRX, Cadillac Escalade ESV and Cadillac Escalade EXT all had March retail sales increases compared to a year ago. Pontiac G5; Saturn Aura and Saturn Outlook and the GMC Acadia are newly-offered products and continue to contribute retail sales momentum. The GMC Acadia and Saturn Outlook drove a 235 percent retail increase in the mid-crossover segment.
For the first quarter, Chevrolet Chevrolet Aveo, Chevrolet Impala, Chevrolet Colorado, Chevrolet Silverado, Chevrolet Suburban and Chevrolet Avalanche; Buick Rendezvous; Pontiac G6 and Pontiac Vibe; Saturn Sky; GMC Canyon, GMC Sierra and GMC Yukon XL; Cadillac SRX, Cadillac Escalade, Cadillac Escalade ESV and Cadillac Escalade EXT; Saab 9-5 and Saab 9-7X all had retail sales increases compared with the first quarter of 2006. Pontiac G5, Saturn Aura and Saturn Outlook and GMC Acadia built retail strength in the quarter.
"GM offers the best coverage with a 5 year/100,000 mile powertrain limited warranty with roadside assistance and courtesy transportation. For customers, that translates to tangible value versus competitive cars, SUVs and trucks," LaNeve added. "Our customers are telling us that we have great products, industry-leading fuel economy and the best value out there. And with new products such as the Buick Enclave, Cadillac CTS and Chevrolet Malibu still to come this year, we expect to build on this momentum."
Certified Used Vehicles
March 2007 sales for all certified GM brands, including GM Certified Used Vehicles, Cadillac Certified Pre-Owned Vehicles, Saturn Certified Pre-Owned Vehicles, Saab Certified Pre-Owned Vehicles and HUMMER Certified Pre-Owned Vehicles, established a new monthly sales record for the certified category with sales of 53,734 units, up 9.7 percent from last March. Total year-to-date certified GM sales are 139,851 units, up 8 percent from the same period last year.
Leading the way was GM Certified Used Vehicles, the industry's top-selling manufacturer-certified used brand, which set a new industry monthly sales record for the certified pre-owned category with sales of 47,394 units. GM Certified sales were up 11 percent from the previous March. Year-to-date sales for GM Certified Used Vehicles are 122,784 units, up nearly 9 percent.
Cadillac Certified Pre-Owned Vehicles posted sales of 3,847 units, comparable to last March. Saturn Certified Pre-Owned Vehicles sold 1,615 units in March, down 7 percent. Saab Certified Pre-Owned Vehicles sold 761 units, comparable to last March, and HUMMER Certified Pre-Owned Vehicles sold 117 units, up 41 percent.
"March was a record month for GM certified sales," LaNeve said. "GM Certified Used Vehicles, which sold 47,394 units, set a new industry monthly sales record for a certified brand. This puts an exclamation mark on an outstanding first quarter by GM Certified Used Vehicles. With the 5 year/100,000 mile warranty on qualifying Certified Used Vehicles, we're optimistic this momentum will continue throughout the year."
GM North America Reports March and First-Quarter 2007 Production, 2007 Second-Quarter Production Forecast is Revised at 1.160 Million Vehicles
In March, GM North America produced 401,000 vehicles (134,000 cars and 267,000 trucks). This is down 59,000 units or 13 percent compared to March 2006 when the region produced 460,000 vehicles (182,000 cars and 278,000 trucks).
(Production totals include joint venture production of 15,000 vehicles in March 2007 and 16,000 vehicles in March 2006.)
GM North America built 1.063 million vehicles (399,000 cars and 664,000 trucks) in the first-quarter of 2007. This is down 192,000 vehicles or 15 percent compared to first-quarter of 2006 when the region produced 1.255 million vehicles (496,000 cars and 759,000 trucks). Additionally, the region's 2007 second-quarter production forecast is revised at 1.160 million vehicles (410,000 cars and 750,000 trucks), down 15,000 units or 1.3 percent from last month's guidance.
GM also announced revised 2007 first-quarter and second-quarter production forecasts for its international regions.
GM Europe - GM Europe's 2007 first-quarter production forecast is revised at 511,000 units, up 3,000 units from last month's guidance. In the first-quarter of 2006 the region built 494,000 vehicles. The region's 2007 second-quarter production forecast is revised at 473,000 vehicles, up 6,000 units from last month's guidance. In the second-quarter of 2006 the region built 495,000 vehicles.
GM Asia Pacific - The region's 2007 first-quarter production forecast is revised at 539,000 vehicles, up 1,000 units from last month's guidance. In the first-quarter of 2006 the region built 472,000 vehicles. GM Asia Pacific's 2007 second-quarter production forecast is revised at 568,000 vehicles, up 8,000 units from last month's guidance. In the second-quarter of 2006 the region built 482,000 vehicles.
GM Latin America, Africa and the Middle East - The region's 2007 first-quarter production forecast is revised at 222,000 units, down 3,000 units from last month's guidance. In the first-quarter of 2006 the region built 194,000 vehicles. The region's 2007 second-quarter production forecast is unchanged at 233,000 vehicles. In the second-quarter of 2006 the region built 206,000 vehicles.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the global industry sales leader for 76 years. Founded in 1908, GM today employs about 284,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services.
More information on GM can be found at www.gm.com
Note: In this press release and related comments by General Motors management, we use words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions to identify forward-looking statements, representing our current judgment about possible future events. We believe these judgments are reasonable, but actual results may differ materially due to a variety of important factors. Among other items, such factors might include: the pace of introductions and market acceptance of new products; the effect of competition on our markets and significant changes in the competitive environment; price increases or shortages of fuel; and changes in laws, regulations or tax rates. GM's most recent annual report on Form 10-K and quarterly report on Form 10-Q provide information about these factors, which may be revised or supplemented in future reports to the SEC on Form 10-Q or 8-K.
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Source: GM
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