-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QVyiDSDhedTCe9GYqgSyrASiUJFrqsKqvbtMkAr2orlqCllpVTTWAWaJJIf6FEpf jw3VUJ4jRQRw3AmG5f8HRQ== 0000040730-08-000026.txt : 20081029 0000040730-08-000026.hdr.sgml : 20081029 20081029130752 ACCESSION NUMBER: 0000040730-08-000026 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081029 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081029 DATE AS OF CHANGE: 20081029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL MOTORS CORP CENTRAL INDEX KEY: 0000040730 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 380572515 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00043 FILM NUMBER: 081147157 BUSINESS ADDRESS: STREET 1: 300 RENAISSANCE CTR STREET 2: MAIL CODE: 482-C34-D71 CITY: DETROIT STATE: MI ZIP: 48265-3000 BUSINESS PHONE: 3135565000 MAIL ADDRESS: STREET 1: 300 RENAISSANCE CTR STREET 2: MAIL CODE: 482-C34-D71 CITY: DETROIT STATE: MI ZIP: 48265-3000 8-K 1 globalq3salescover102908.htm 8-K COVER FOR GM'S GLOBAL QUARTERLY SALES 2008

 

 

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 29, 2008

 

 

GENERAL MOTORS CORPORATION

(Exact Name of Registrant as Specified in its Charter)

 

 

1-143

(Commission File Number)

DELAWARE

(State or other jurisdiction of

incorporation)

38-0572515

(I.R.S. Employer

Identification No.)

 

300 Renaissance Center, Detroit, Michigan

(Address of Principal Executive Offices)

 

48265-3000

(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))

 

 

 

ITEM 7.01. REGULATION FD DISCLOSURE

 

On October 29, 2008 General Motors Corporation (GM) issued a news release announcing global quarterly sales. The release and charts are attached as Exhibit 99.1.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

 

EXHIBIT

 

Exhibit

Description

Method of Filing

 

Exhibit 99.1

Sales Release and Charts

Attached as Exhibit

 

Dated October 29, 2008

 

 

 

 

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 CORPORATION

(Registrant)

 

 

 

Date: October 29, 2008

By:

/s/NICK S. CYPRUS

(Nick S. Cyprus

Controller and Chief Accounting Officer)

 

 

 

 

 

EX-99 2 ex99globalq3sales102908.htm PRESS RELEASE AND CHART FOR QUARTERLY SALES 2008

News

For Release: 8:45 a.m. ET

October 29, 2008

 

General Motors Corporation

 

GM Communications

Detroit, Mich., USA

media.gm.com

 

 

Exhibit 99.1

 

GM Announces Third Quarter Global Sales of

2.1 Million Vehicles, Setting Records in Two Regions

 

o

Chevrolet posts growth in emerging markets, sales up 3 percent outside North America

o

Cadillac sales outside North America up 16.3 percent

 

DETROIT – Record-setting sales performance in GM’s Latin America, Africa and Middle East and Asia Pacific regions during the third quarter of 2008 helped General Motors sell more than 2.1 million vehicles globally during the third quarter 2008. Compared with the third quarter of 2007, GM’s total sales were down 11.4 percent, reflecting continuing economic pressures in the U.S. market, which pushed North America sales down 18.9 percent, and growing pressure in Europe, where sales were down 12.3 percent. Sales of 1.286 million vehicles outside the U.S. accounted for nearly 61 percent of GM’s total global sales volume compared with just over 56 percent a year ago.

GM sold 6.7 million vehicles in the first nine months of 2008. Sales outside of North America grew by 164,000 vehicles during the same period. On a year-over-year basis, GM total global sales were down 5.8 percent for the first nine months of 2008, again, largely reflecting the economic pressures of the U.S. and Western European markets.

GM Continues Growth in Emerging Markets

“The recent challenges in the global financial markets, including credit tightening and the drop in commodity prices, have negatively impacted market demand. However, our sales performance shows that we are continuing to take advantage of new emerging market opportunities and are meeting customer needs with fuel-efficient products that offer compelling design and great value,” Jonathan Browning, vice president, global sales, service and marketing, said today.

MORE

 


“Our sales performance during the third quarter saw increases by Chevrolet outside North America and Wuling and GM Daewoo regionally,” Browning added.

Chevrolet sales in Asia Pacific, the industry’s second-largest region, grew 5.3 percent compared with the third quarter a year ago. Chevrolet sales in China (up 4.3 percent) and India (up 4.9 percent) powered much of this growth. The Wuling brand continued strong growth in China with sales up 21.9 percent in the third quarter compared to the same period a year ago.

In the Latin America, Africa and Middle East region – a traditional Chevrolet stronghold where the Captiva recently won Best of Show at the International Sao Paulo auto show – sales grew 3.4 percent compared with the third quarter 2007. Chevrolet accounted for 90 percent of GM’s third quarter sales in the region.

Chevrolet sales in Europe also contributed to the brand’s solid third-quarter results, growing 2.7 percent. Chevrolet is seeing strong growth in emerging markets including Eastern Europe. Chevrolet was up 6.2 percent for the first nine months of the year in Russia. In addition, Opel sales in Russia increased by 39 percent, while Saab increased 90.4 percent.

Chevrolet sales in North America were down 16.6 percent; however, GM added production capacity to satisfy the strong demand for the all-new Malibu sedan.

Sales of Cadillac outside of the United States grew 10.7 percent in the third quarter, supported by strong growth of the brand in Latin America, Africa and Middle East (up 10 percent) and Asia Pacific (up 39.2 percent). Cadillac sales in Europe were down 9.3 percent. In North America, Cadillac sales declined about 28 percent, largely reflecting the negative impact of the financing environment in the luxury vehicle market.

Note: Global sales results are based on preliminary numbers reported and have been rounded.

MORE

 


General Motors Corp. (NYSE: GM), the world’s largest automaker, has been the annual global industry sales leader for 77 years. Founded in 1908, GM today employs about 266,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 34 countries. In 2007, nearly 9.37 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. 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: GM sales and production results are available on GM Media OnLine at http://media.gm.com by clicking on News, then Sales/Production. 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: market acceptance of our products; shortages of and price increases for fuel; significant changes in the competitive environment and the effect of competition on our markets, including on our pricing policies; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt; and changes in general economic conditions. 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.

 

# # #

 

Contact:

 

John McDonald

GM Corporate News

313-667-3714 (office)

313-418-2139 (mobile)

John.m.mcdonald@gm.com

 


General Motors Corporation

Global Vehicle Sales1

 

 

 

Q3

CYTD

 

 

2008

2007

% Chg

2008

2007

% Chg

GMNA

 

 

 

 

 

 

 

Chevrolet

583,844

700,391

-16.6

1,734,248

2,039,738

-15.0

 

GMC

124,904

156,197

-20.0

352,218

436,278

-19.3

 

Pontiac

103,470

135,329

-23.5

320,137

375,143

-14.7

 

Saturn

63,249

69,730

-9.3

174,351

209,694

-16.9

 

Cadillac

43,090

59,494

-27.6

137,133

162,456

-15.6

 

Buick

45,875

57,594

-20.3

126,632

156,471

-19.1

 

HUMMER

6,861

16,487

-58.4

24,158

45,084

-46.4

 

Saab

5,912

9,284

-36.3

18,837

27,661

-31.9

 

Opel/Vauxhall

599

473

26.6

1,517

1,512

0.3

 

Other

0

1,173

0

0

7,906

0

 

Total

977,804

1,206,152

-18.9

2,889,231

3,461,943

-16.5

GME

 

 

 

 

 

 

 

Opel/Vauxhall

326,844

388,686

-15.9

1,174,534

1,251,457

-6.1

 

Chevrolet

116,520

113,492

2.7

386,611

331,320

16.7

 

Saab

14,292

19,296

-25.9

53,805

64,604

-16.7

 

Cadillac

1,128

1,243

-9.3

3,746

3,591

4.3

 

HUMMER

408

590

-30.8

1,781

1,614

10.3

 

Other

27

177

-84.7

142

820

-82.7

 

Total

459,219

523,484

-12.3

1,620,619

1,653,406

-2.0

GMLAAM

 

 

 

 

 

 

 

Chevrolet

308,819

297,440

3.8

906,329

798,986

13.4

 

GMC

11,870

8,019

48.0

34,751

24,605

41.2

 

Other

9,658

9,781

-1.3

31,900

26,805

19.0

 

Opel/Vauxhall

9,482

12,775

-25.8

31,587

37,734

-16.3

 

Cadillac

946

860

10.0

3,602

2,682

34.3

 

HUMMER

821

1,319

-37.8

3,024

3,014

0.3

 

Buick

167

181

-7.7

596

724

-17.7

 

Saab

113

107

5.6

349

351

-0.6

 

Total

341,876

330,482

3.4

1,012,138

894,901

13.1

GMAP

 

 

 

 

 

 

 

Wuling2

127,637

104,669

21.9

457,479

384,388

19.0

 

Chevrolet

73,910

70,221

5.3

242,835

196,947

23.3

 

Buick

65,144

80,058

-18.6

211,683

237,556

-10.9

 

Holden

34,733

39,231

-11.5

106,998

121,175

-11.7

 

Daewoo

30,629

29,255

4.7

101,837

99,978

1.9

 

Cadillac

2,250

1,616

39.2

6,229

5,582

11.6

 

Saab

621

946

-34.4

2,462

3,004

-18.0

 

Opel/Vauxhall

392

1,044

-62.5

2,153

4,002

-46.2

 

HUMMER

312

125

149.6

1,339

375

257.1

 

Other

233

328

-29.0

748

741

0.9

 

Total

335,861

327,493

2.6

1,133,763

1,053,748

7.6

 

 


 

 

 

 

 

 

 

 

GLOBAL

 

 

 

 

 

 

 

Chevrolet

1,083,093

1,181,544

-8.3

3,270,023

3,366,991

-2.9

 

Opel/Vauxhall

337,317

402,978

-16.3

1,209,791

1,294,705

-6.6

 

Wuling

127,637

104,669

21.9

457,479

384,388

19.0

 

GMC

136,774

164,216

-16.7

386,969

460,883

-16.0

 

Buick

111,186

137,833

-19.3

338,911

394,751

-14.1

 

Pontiac

103,470

135,329

-23.5

320,137

375,143

-14.7

 

Saturn

63,249

69,730

-9.3

174,351

209,694

-16.9

 

Cadillac

47,414

63,213

-25.0

150,710

174,311

-13.5

 

Holden

34,733

39,231

-11.5

106,998

121,175

-11.7

 

Daewoo

30,629

29,255

4.7

101,837

99,978

1.9

 

Saab

20,938

29,633

-29.3

75,453

95,620

-21.1

 

HUMMER

8,402

18,521

-54.6

30,302

50,087

-39.5

 

Other

9,918

11,459

-13.4

32,790

36,272

-9.6

 

 

 

 

 

 

 

 

 

Total

2,114,760

2,387,611

-11.4

6,655,751

7,063,998

-5.8

 

Notes

 

(1)

Quarterly sales data is preliminary and subject to change

(2)

We own 34% of SGMW and under the joint venture agreement have significant rights as a member as well as the contractual right to report SGMW global sales in China as part of our global market share.

 

 

 

 

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