0001193125-11-264587.txt : 20111005 0001193125-11-264587.hdr.sgml : 20111005 20111005143934 ACCESSION NUMBER: 0001193125-11-264587 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20111003 ITEM INFORMATION: Other Events FILED AS OF DATE: 20111005 DATE AS OF CHANGE: 20111005 FILER: COMPANY DATA: COMPANY CONFORMED NAME: General Motors Co CENTRAL INDEX KEY: 0001467858 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 270756180 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34960 FILM NUMBER: 111126566 BUSINESS ADDRESS: STREET 1: 300 RENAISSANCE CENTER CITY: DETROIT STATE: MI ZIP: 48265-3000 BUSINESS PHONE: 313.556.5000 MAIL ADDRESS: STREET 1: 300 RENAISSANCE CENTER CITY: DETROIT STATE: MI ZIP: 48265-3000 8-K 1 d239149d8k.htm FORM 8-K Form 8-K
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549-1004

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) October 3, 2011

 

 

GENERAL MOTORS COMPANY

(Exact Name of Registrant as Specified in its Charter)

 

 

 

DELAWARE   001-34960   27-0756180

(State or other jurisdiction of

incorporation)

   (Commission File Number)  

(I.R.S. Employer

Identification No.)

300 Renaissance Center, Detroit, Michigan   48265-3000
(Address of Principal Executive Offices)   (Zip Code)

(313) 556-5000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17-CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Table of Contents

TABLE OF CONTENTS

 

ITEM 8.01 Other Events

Signature

Index to Exhibits

Sales Release and Charts Dated October 3, 2011

Table of Contents
ITEM 8.01 Other Events

On October 3, 2011, General Motors Company (GM) issued a news release announcing September sales. The release and charts are attached as Exhibit 99.1.

EXHIBIT

 

Exhibit

   

Description

   

Method of Filing

Exhibit 99.1   

Sales Release and Charts

Dated October 3, 2011

    Attached as Exhibit

Table of Contents

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

   

GENERAL MOTORS COMPANY

(Registrant)

Date: October 5, 2011     By:   

  /s/ Nick S. Cyprus

     

  Nick S. Cyprus

  Vice President, Controller and Chief Accounting Officer

 EX-99.1 2 d239149dex991.htm SALES RELEASE AND CHARTS DATED OCTOBER 3, 2011 Sales Release and Charts Dated October 3, 2011

Exhibit 99.1

LOGO

For Release: Monday, Oct. 3, 2011, 10 a.m. EDT

GM’s U.S. Sales Up 20 Percent in September

Higher sales at all four brands deliver eighth monthly share increase of 2011

DETROIT – General Motors Co. (NYSE: GM) today reported total sales of 207,145 vehicles in September, a 20-percent increase compared with September 2010.

Retail deliveries were up 19 percent compared with the same month a year ago and accounted for 74 percent of GM sales. Deliveries to fleet customers increased 22 percent.

“For GM, all of the factors that say this is a good time to buy a new vehicle outweigh the bad news that appears to be slowing down the broader economic recovery,” said Don Johnson, vice president, U.S. Sales Operations. “We’re well positioned going forward because we have momentum and another wave of fuel-efficient passenger cars launching over the next several months at Chevrolet, Buick and Cadillac.”

In September, year-over-year passenger car sales increased 12 percent, crossover sales increased 7 percent and truck sales, which include full-size pickups and SUVs, increased 34 percent.

 

  •  

Chevrolet: In September, its 12th month since going on sale, Cruze deliveries were 18,097 units, bringing its first full year of sales to 212,019 vehicles. Silverado sales increased 36 percent, Tahoe was up 63 percent and Equinox was up 33 percent.

 

  •  

GMC: Sales have now increased for 24 consecutive months, year over year. Sierra sales were up 26 percent, Terrain sales were up 45 percent and Yukon was up 45 percent.

 

  •  

Cadillac: Combined sales of the Cadillac CTS sedan, coupe and wagon increased 24 percent compared with September 2010. In addition, the Cadillac SRX was up 22 percent. Cadillac reduced its fleet sales by 54 percent.

 

  •  

Buick: September was the brand’s 24th consecutive month of year-over-year sales gains, with the Regal continuing to build momentum with sales up 87 percent. Enclave, which began the transformation of Buick, increased its sales by 10 percent.

Month-end dealer inventory in the United States was 558,157 units. GM’s full-size truck inventory was 208,650 full-size pickup trucks, which equates to an 88-days supply. GM is on track to meet its target of ending 2011 with a full-size pickup inventory of about 200,000 units.

GM continues to expect that the full-year U.S. vehicle sales will be in the low end of our 13.0 million – 13.5 million unit range, given seasonally strong sales and the fact that some of the company’s domestic and Japanese competitors have largely resolved their production issues.

 

1

Sales Highlights

    Sept. 2011
Total Sales
(vehicles)		      Total
Change vs.
Sept. 2010		     Sept. 2011
Retail Sales
vs. Sept.
2010		     CYTD Total
Sales
(vehicles)		      CYTD Total
Sales
Change vs.
2010		     CYTD Retail
Sales
Change vs.
2010		  

Chevrolet

      147,611         21.5 %      21.3 %      1,353,943         15.2 %      22.6 % 

GMC

      33,194         27.7 %      22.4 %      294,947         27.1 %      23.0 % 

Buick

      13,599         5.6 %      4.3 %      140,092         22.9 %      24.1 % 

Cadillac

      12,741         1.0 %      11.2 %      113,190         7.8 %      16.2 % 
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Total

      207,145         19.8 %      19.1 %      1,902,172         16.9 %      22.3 % 
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

 

Inventory

    Units @
Sept. 30, 2011		      Days Supply
(selling days
adjusted)		      Units @
Aug. 31, 2011		      Days Supply
(selling days
adjusted)		  

All Vehicles

      558,157         67         556,884         66   

Full-size Pickups

      208,650         88         212,520         107   

About General Motors – General Motors (NYSE: GM, TSX: GMM), one of the world’s largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 208,000 people in every major region of the world and does business in more than 120 countries. GM and its strategic partners produce cars and trucks in 30 countries, and sell and service these vehicles through the following brands: Baojun, Buick, Cadillac, Chevrolet, GMC, Daewoo, Holden, Isuzu, Jiefang, Opel, Vauxhall, and Wuling. The global Chevrolet brand is celebrating its 100th anniversary in 2011. GM’s largest national market is China, followed by the United States, Brazil, the United Kingdom, Germany, Canada, and Italy. GM’s OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on the new General Motors can be found at www.gm.com.

CONTACT:

Jim Cain

GM Communications

Cell: 313-407-2843

james.cain@gm.com

Forward-Looking Statements

In this press release and in related comments by our management, our use of the words “expect,” “anticipate,” “possible,” “potential,” “target,” “believe,” “commit,” “intend,” “continue,” “may,” “would,” “could,” “should,” “project,” “projected,” “positioned” or similar expressions is intended to identify forward-looking statements that represent our current judgment about possible future events. We believe these judgments are reasonable, but these statements are not guarantees of any events or financial results, and our actual results may differ materially due to a variety of important factors. Among other items, such factors might include: our ability to realize production efficiencies and to achieve reductions in costs as a result of our restructuring initiatives and labor modifications; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt, including as required to fund our planned significant investment in new technology; the ability of our suppliers to timely deliver parts, components and systems; our ability to realize successful vehicle applications of new technology; and our ability to continue to attract new customers, particularly for our new products. GM’s most recent annual report on Form 10-K and quarterly reports on Form 10-Q provides information about these and other factors, which we may revise or supplement in future reports to the SEC.

GM U.S. Deliveries for September 2011 - Divisional Brand Level

 

*S/D Curr: 25

    September      (Calendar Year-to-Date)
January - September		  

*S/D Prev: 25

    2011      2010      % Chg
Volume		      %Chg
per S/D		      2011      2010      %Chg
Volume		  

Vehicle Total

      207,145         173,155         19.6         19.6         1,902,172         1,638,544         16.1   

Brand Total

      207,145         172,969         19.8         19.8         1,902,172         1,626,899         16.9   

Other Brand Total

      0         186         ***.*         ***.*         0         11,645         ***.*   

GM Vehicle Deliveries by Marketing Division

 

  

     2011      2010      %Chg
Volume		      %Chg
per S/D		      2011      2010      %Chg
Volume		  

Buick Total

      13,599         12,875         5.6         5.6         140,092         114,000         22.9   

Cadillac Total

      12,741         12,620         1.0         1.0         113,190         105,013         7.8   

Chevrolet Total **

      147,611         121,479         21.5         21.5         1,353,943         1,175,790         15.2   

GMC Total **

      33,194         25,995         27.7         27.7         294,947         232,096         27.1   

Brand Total

      207,145         172,969         19.8         19.8         1,902,172         1,626,899         16.9   

HUMMER Total

      0         163         ***.*         ***.*         0         3,507         ***.*   

Pontiac Total

      0         8         ***.*         ***.*         0         962         ***.*   

Saab Total

      0         0         ***.*         ***.*         0         608         ***.*   

Saturn Total

      0         15         ***.*         ***.*         0         6,568         ***.*   

Other Brand Total

      0         186         ***.*         ***.*         0         11,645         ***.*   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

GM Vehicle Total

      207,145         173,155         19.6         19.6         1,902,172         1,638,544         16.1   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

* Twenty-five selling days for the September period this year and twenty-five for last year.
** Calendar Year 2010 includes GMC & Chevrolet Dealer deliveries of commercial vehicles distributed by American Isuzu Motors, Inc.

 

Sales Reporting and Data Management   Page 1 of 2

GM U.S. Deliveries for September 2011 by Model

 

                                 (Calendar Year-to-Date)  
     September      January - September  
     2011      2010      % Chg
Volume		      %Chg per
S/D		      2011      2010      %Chg
Volume		  

Selling Days (S/D)

      25         25                  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Enclave

      4,868         4,408         10.4         10.4         44,404         40,289         10.2   

LaCrosse

      4,338         4,741         -8.5         -8.5         45,058         47,536         -5.2   

Lucerne

      1,068         1,950         -45.2         -45.2         17,973         20,521         -12.4   

Regal

      3,325         1,776         87.2         87.2         32,657         5,654         477.6   

Buick Total

      13,599         12,875         5.6         5.6         140,092         114,000         22.9   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

CTS

      4,663         3,760         24.0         24.0         41,900         32,516         28.9   

DTS

      583         1,870         -68.8         -68.8         10,755         13,987         -23.1   

Escalade

      1,527         1,211         26.1         26.1         10,491         11,053         -5.1   

Escalade ESV

      713         824         -13.5         -13.5         5,770         5,698         1.3   

Escalade EXT

      174         180         -3.3         -3.3         1,415         1,376         2.8   

SRX

      4,901         4,027         21.7         21.7         39,861         36,730         8.5   

STS

      180         745         -75.8         -75.8         2,986         3,473         -14.0   

XLR

      0         3         ***.*         ***.*         12         180         -93.3   

Cadillac Total

      12,741         12,620         1.0         1.0         113,190         105,013         7.8   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Avalanche

      1,861         1,760         5.7         5.7         13,989         15,028         -6.9   

Aveo

      1,271         6,552         -80.6         -80.6         28,482         35,286         -19.3   

Camaro

      6,994         6,323         10.6         10.6         70,249         66,508         5.6   

Caprice

      140         0         ***.*         ***.*         498         0         ***.*   

Chevy C/T Series

      0         0         ***.*         ***.*         0         8         ***.*   

Chevy W Series

      0         13         ***.*         ***.*         0         234         ***.*   

Cobalt

      4         3,462         -99.9         -99.9         843         93,838         -99.1   

Colorado

      2,171         2,723         -20.3         -20.3         23,985         18,426         30.2   

Corvette

      1,147         1,109         3.4         3.4         10,270         9,798         4.8   

Cruze

      18,097         516         ***.*         ***.*         187,524         516         ***.*   

Equinox

      15,497         11,658         32.9         32.9         145,035         99,055         46.4   

Express

      7,556         5,233         44.4         44.4         51,674         43,475         18.9   

HHR

      158         5,209         -97.0         -97.0         36,771         62,451         -41.1   

Impala

      13,822         12,186         13.4         13.4         138,122         133,585         3.4   

Kodiak 4/5 Series

      0         44         ***.*         ***.*         10         1,154         -99.1   

Kodiak 6/7/8 Series

      0         16         ***.*         ***.*         0         215         ***.*   

Malibu

      11,114         16,289         -31.8         -31.8         171,266         163,246         4.9   

Silverado-C/K Pickup

      43,698         32,185         35.8         35.8         296,436         267,715         10.7   

Sonic

      1,426         0         ***.*         ***.*         1,706         0         ***.*   

Suburban (Chevy)

      5,246         2,863         83.2         83.2         33,055         31,808         3.9   

Tahoe

      8,813         5,422         62.5         62.5         56,636         55,143         2.7   

TrailBlazer

      0         2         ***.*         ***.*         33         213         -84.5   

Traverse

      7,873         7,914         -0.5         -0.5         83,464         78,012         7.0   

Uplander

      0         0         ***.*         ***.*         0         76         ***.*   

Volt

      723         0         ***.*         ***.*         3,895         0         ***.*   

Chevrolet Total

      147,611         121,479         21.5         21.5         1,353,943         1,175,790         15.2   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Acadia

      5,287         4,608         14.7         14.7         62,013         49,729         24.7   

Canyon

      458         782         -41.4         -41.4         7,634         5,655         35.0   

Envoy

      0         2         ***.*         ***.*         5         80         -93.8   

GMC C/T Series

      0         0         ***.*         ***.*         0         52         ***.*   

GMC W Series

      0         17         ***.*         ***.*         0         325         ***.*   

Savana

      846         923         -8.3         -8.3         13,096         10,601         23.5   

Sierra

      13,904         11,077         25.5         25.5         107,342         90,235         19.0   

Terrain

      6,910         4,777         44.7         44.7         63,451         39,869         59.1   

Topkick 4/5 Series

      0         15         ***.*         ***.*         5         850         -99.4   

Topkick 6/7/8 Series

      0         19         ***.*         ***.*         8         367         -97.8   

Yukon

      3,338         2,305         44.8         44.8         24,337         18,869         29.0   

Yukon XL

      2,451         1,470         66.7         66.7         17,056         15,464         10.3   

GMC Total

      33,194         25,995         27.7         27.7         294,947         232,096         27.1   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Brand Total

      207,145         172,969         19.8         19.8         1,902,172         1,626,899         16.9   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

HUMMER Total

      0         163         ***.*         ***.*         0         3,507         ***.*   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Pontiac Total

      0         8         ***.*         ***.*         0         962         ***.*   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Saab Total

      0         0         ***.*         ***.*         0         608         ***.*   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Saturn Total

      0         15         ***.*         ***.*         0         6,568         ***.*   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Other Brand Total

      0         186         ***.*         ***.*         0         11,645         ***.*   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

GM Vehicle Total

      207,145         173,155         19.6         19.6         1,902,172         1,638,544         16.1   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

Sales Reporting and Data Management   Page 2 of 2
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