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GM Market Currents
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Tuesday 6:20 PM A Booz survey of ~200 auto industry executives finds bullish views abound, as 94% of automaker execs and 92% of auto supplier execs say the sector is somewhat or much better off Y/Y. Profitable growth is seen, with 52% projecting revenue will rise 11% or more, and strong majorities expect Detroit's big three to hold or gain market share next year.
4 Comments[Consumer]
- Monday 11:25 AM Amidst slow sales and mass overcapacity, no European automaker wants to be the first to shut a plant. Unlike in the U.S., EU automakers were under no pressure to restructure in exchange for bailout money. Four years later, all but the luxury brands are under pressure, with 30% rebates in Germany and Italy an all-time high. GM has lost money in Europe for 12 consecutive years. [Global & FX]
- Monday 7:06 AM Are competitors pouncing on General Motors' (GM) nervousness over the high costs of advertising? While last week Ford said it will remain a friend of Facebook after GM bailed out, now Hyundai (HYMLF.PK) announces that it will be an advertiser for the 2013 Super Bowl - a mega event that GM is curiously passing on. [Consumer, Global & FX]
- Friday 3:23 PM First no Facebook, now no Super Bowl, as General Motors (GM -1.6%) decides advertising in next year's Super Bowl would prove too costly. GM is in the process of evaluating all its media properties in an effort to maximize the efficiency of its ad budget, but the automaker says it isn't cutting back; GM spent $4.47B on advertising last year. [Consumer, On the Move]
- Friday 7:07 AM "It's like a contagious disease that will spread," says an executive with the Chinese Auto Dealers Association of car inventories that risen to more than 45 days of sales - typically a level at which dealers being "debilitating" price cuts. Total sales declined 1.3% in the January-April period, the worst showing since 1998. [Global & FX]
GM in Focus
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at CNBC.com (Wed, 7:11PM)
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at CNBC.com (Wed, 4:36PM)
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at CNBC.com (Wed, 1:45PM)
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at MarketWatch.com (Wed, 1:05PM)
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at MarketWatch.com (Tue, 7:50PM)
GM Press Releases and Filings
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PR Newswire (Wed, 10:58AM)
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PR Newswire (Thu, 3:23PM)
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PR Newswire (May 2, 2012)
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PR Newswire (May 2, 2012)
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PR Newswire (Apr 27, 2012)
GM Latest Transcript
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Thu, May 3
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GM vs. ETF Alternatives
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