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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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Hespen Rally: Car Lovers Unite To Honor Fellow Enthusiast
Monday, September 21, 2015 - 3:04pm | 943The automotive community is a unique one. Regular folk might not realize though that it’s also an incredibly close-knit one as well. The Hespen Rally was created as a fundraiser for bile duct cancer research, an uncommon form of cancer that affects 2,000-3,000 people annually, according...
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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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Cars.com Executive Editor: 'I Don't Know How Much Of A Threat Chevrolet Bolt Will Be To Tesla Model 3'
Monday, January 12, 2015 - 6:42pm | 182After General Motors Company (NYSE: GM) revealed its Chevrolet Bolt concept car at the North American International Auto Show, Cars.com Executive Editor Joe Wiesenfelder told Benzinga he didn’t know how much of a threat it would be to the Tesla Motors Inc (NASDAQ: TSLA) Model S. The...
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Timeline: General Motors Stock Since 2010 Initial Public Offering
Friday, November 28, 2014 - 11:46am | 960The General Motors Company (NYSE: GM) IPO launched on November 17, 2010. Since then, much has happened with the “new” General Motors. Over the past four years, from November 17, 2010, when the “new” GM launched, to now, General Motors Company share prices were down...
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General Motors Reports Higher October U.S. Sales
Monday, November 3, 2014 - 12:32pm | 223General Motors Company (NYSE: GM) on Monday reported its U.S. October sales rose 0.2 percent from a year ago to 226,819 units. General Motors' U.S. Vice President of Sales Operations Kurt McNeil said that its October sales, which were its best in seven years, was due to an improving economy...
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Did #ChevyGuy Steal The Show From World Series MVP?
Friday, October 31, 2014 - 2:24pm | 883After the San Francisco Giants won the World Series Wednesday night, Chevrolet official Rikk Wilde became an instant Internet sensation after making a nervous speech while presenting MVP Madison Bumgarner with the keys to a 2015 Chevrolet Colorado. The phrase that pays? “It combines class...
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June Auto Sales Beat Street Views
Wednesday, July 2, 2014 - 6:49am | 338Wall Street got an upside surprise from the U.S. vehicle sales figures for June, which showed some of the strongest monthly data since 2007. Chrysler Group LLC and General Motors Corp. (NYSE: GM) saw sales rise 9.2 percent and one percent respectively, while Ford Motor Co. (NYSE: F) sales were...
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General Motors CEO Mary Barra Steps Up To Congress Once Again
Wednesday, June 18, 2014 - 1:45pm | 374General Motors (NYSE: GM) came under fire Wednesday as Mary Barra and Anton Valukas were questioned by congress regarding the plague of recalls. The main concern was culture. The head of the committee, for example, cited that only 15 of 200,000 GM employees were terminated, making any change...
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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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General Motors Announces 5 Recalls Covering 2.7 Million Vehicles In The U.S
Thursday, May 15, 2014 - 9:33am | 183General Motors (NYSE: GM) recalled 2.7 million vehicles in the United States and said it expected to take a charge of $200 million in the second quarter related to the cost of recall-related repairs. General Motors' latest recall, which has been informed to the National Highway Traffic Safety...
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January's Auto Sales Data A Mix Of Good And Bad
Monday, February 3, 2014 - 1:42pm | 763Major manufacturers January U.S. sales data were released on Monday. General Motors: Consensus miss General Motors (NYSE: GM) reported that its U.S. sales fell 12 percent to 171,000 vehicles in January. The consensus estimate was looking for a 2.5 percent falloff. Retail sales fell 10 percent...
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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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The Ford Mustang at 50: Does the Iconic Car Still Have a Market?
Tuesday, December 3, 2013 - 2:49pm | 716Here's a bit of startling news, especially if you're a Baby Boomer: the Ford (NYSE: F) Mustang turns 50 next year. Ford is launching a full-court press campaign for its iconic pony car starting on Thursday, when the new, sixth-generation Mustang is unveiled on ABC's (NYSE: DIS) Good Morning...
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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,...