PSA Group’s bid to create a European auto giant by acquiring General Motors Co.’ s neglected regional business may be the best chance Peugeot, Citroen and Opel have to thrive.
Category: Chevrolet
Why General Motors’ Profit in North America Fell Last Quarter
Its pre-tax income of $2.4 billion capped a year in which its revenue, pre-tax income, and operating margin all set records. But there were some points of concern in GM’s fourth-quarter earnings report.
Highlights and Takeaways From General Motors’ January Sales Data
All in all, it wasn’t such a bad start to 2017 after the U.S. auto industry set yet another annual sales record last year. While sales did decline 1.9% in January, compared to the prior year, the industry’s seasonally adjusted annual rate managed to top estimates and reached 17.57 million — just barely under the prior year’s 17.62 million in January 2016.
GM’s Chevy Bolt Hopes to Break Through to More Than Just a Niche Audience
With 238 miles of range and price incentivized by federal tax credit, GM;s Chevy Bolt is the best electric vehicle of its class so far. Irony of ironies: Just as General Motors begins selling arguably the best battery-powered car ever, the new U.S. president’s administration prepares to relax environmental regulation and possibly withdraw the U.S. from the global climate coalition.
GM Sees Higher Profit in ’17, Plans $5 Billion Buyback
General Motors Co. predicted profit will rise more than analysts estimate in 2017 after meeting the high end of last year’s targets, enabling the largest U.S. automaker to buy back an additional $5 billion in shares.
Automakers’ December Deals Push 2016 to a Record Seventh Gain
Automakers bought themselves a holiday present in 2016 to achieve a record seventh straight annual sales gain — at a steep cost. Aggressive dealmaking in December ultimately pushed the year’s total sales to a record 17.55 million cars and light trucks — a feat considered unlikely just six months earlier.
Automakers’ December Deals Push 2016 Toward Record Seventh Gain
Automakers bought themselves a holiday present and pushed 2016 toward a record seventh straight annual sales gain — at a steep cost. Aggressive dealmaking over the past two months probably helped the year end with a higher vehicle sales tally, something many analysts considered elusive just six months earlier.
Trump Threatens ‘Big Border Tax’ on GM Over Chevy Cruze Production
President-elect Donald Trump took aim at General Motors Co. on Tuesday, saying the company needs to be taxed for certain versions of the Chevrolet Cruze small car that it imports from Mexico to U.S. dealers.
GM, Fiat Chrysler Idling 7 Plants Next Month as Sales Slow
General Motors Co. will idle some production at five U.S. passenger-car plants in January while Fiat Chrysler Automobiles NV halts output for New Year’s week at two Canadian vehicle factories.