-----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, MMVgZ6LhzpRqhi9cqS81bTtC9si3U0PlScDeoGhdswDtr9ttSUtObTJby3j7rZg+ 5DqC6B8ZRZXkrevGiOK8TA== 0000950152-09-000447.txt : 20090121 0000950152-09-000447.hdr.sgml : 20090121 20090121164552 ACCESSION NUMBER: 0000950152-09-000447 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090121 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090121 DATE AS OF CHANGE: 20090121 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: 09537022 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 k47318e8vk.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) January 21, 2009
GENERAL MOTORS CORPORATION
(Exact Name of Registrant as Specified in its Charter)
         
1-43   DELAWARE   38-0572515
(Commission File Number)   (State or other jurisdiction of   (I.R.S. Employer
    incorporation)   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:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17-CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


TABLE OF CONTENTS

ITEM 7.01. REGULATION FD DISCLOSURE
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
SIGNATURE
EX-99.1


Table of Contents

ITEM 7.01. REGULATION FD DISCLOSURE
On January 21, 2009 General Motors Corporation (GM) issued a news release announcing global quarterly and annual 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 January 21, 2009    

 


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 CORPORATION
        (Registrant)
 
           
Date: January 21, 2009
  By:   /s/ NICK S. CYPRUS
 
(Nick S. Cyprus
   
 
      Controller and Chief Accounting Officer)    

 

EX-99.1 2 k47318exv99w1.htm EX-99.1 EX-99.1
(GM LOGO)
         
News
  General Motors   GM Communications
 
  Corporation   Detroit, Mich., USA
 
      media.gm.com
For Release: 8:45 a.m. ET
January 21, 2009
GM Announces 2008 Global Sales of 8.35 Million Vehicles
  GM Asia Pacific sales volume grows 3 percent; Chevrolet sales in China grows 16 percent to nearly 200,000 vehicles; 1.09M vehicles sold in China sets record with 6 percent volume growth
 
  Third consecutive year of more than 2 million vehicles sold in Europe; Chevrolet sales breakthrough 500,000 mark with record share; Opel sets sales record in Central and Eastern Europe with volume up 13 percent
 
  GM beats the industry with more than 1.27 million total vehicle sales in Latin America, Africa and Middle East Region led by top-selling Chevrolet Corsa, Celta and Aveo
 
  GM continues emerging markets leadership with 2008 market share growth in 14 of 26 markets
DETROIT – Record-setting sales performance in GM’s Latin America, Africa and Middle East and Asia Pacific regions, and a third consecutive 2 million vehicles sales performance in Europe during 2008, helped General Motors sell more than 8.35 million vehicles globally last year. GM’s nearly 3 percent growth in both the Asia Pacific and Latin America, Africa and Middle East regions partially offset North America sales that declined 21 percent, and growing pressure in Europe that resulted in 7 percent fewer sales. Compared with 2007, GM’s total sales were down 11 percent, reflecting continuing global economic pressures that include tightening credit, falling commodities prices and lack of GDP growth.
In 2008, GM sold 5.37 million vehicles outside the U.S., accounting for 64 percent of total global sales volume compared with 59 percent a year ago.

In the fourth quarter of 2008, GM sales of 1.70 million vehicles were down 26 percent compared with the same quarter a year ago. Most of that decline was reflected in 379,000 fewer vehicles sold in North America as the market yielded to a crushing lack of consumer confidence, and tightened credit requirements, in the United States.
MORE

 


 

GM Continues Growth in Emerging Markets
“GM’s 2008 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 – such as the award-winning Opel/Vauxhall Insignia in Europe, the Buick Excelle in China and the Corsa in Latin America,” Jonathan Browning, vice president, global sales, service and marketing, said today. “We saw sales volume increases in the key four emerging markets of Brazil (up 10 percent), Russia (up 30 percent), India (up 9 percent), and China (up 6 percent).”
“The challenges in the global financial markets, including credit tightening, the drop in commodity prices, and economic uncertainty continue to negatively impact overall demand for new vehicles,” Browning added. “For the total global industry, we saw about 3.5 million fewer vehicles sold in 2008 than the previous year.”
With these market challenges comes significant opportunity and GM is well-positioned with new products either on showroom floors or on the way in the near future.
Chevrolet sales in Asia Pacific grew 14 percent in 2008 compared with a year ago. Chevrolet sales in China (up 16 percent) and India (up 9 percent) powered much of this growth. The Wuling brand continued strong growth in China with sales up 17 percent in 2008 compared with a year ago. The Buick channel is very strong in China with the all-new Regal and soon-to-be-launched LaCrosse. The Chevrolet Cruze and Cadillac SRX also will play important roles in taking advantage of China growth in the months and years ahead.
In the Latin America, Africa and Middle East region – a traditional Chevrolet stronghold – 2008 sales grew 3 percent compared with 2007. Chevrolet accounted for nearly 90 percent of GM’s sales in the region and Brazil remains the second-largest volume market for Chevrolet. Also, GMC, Cadillac and Saab showed impressive annual percentage increases in their sales volume – up 24, 22 and 16 percent, respectively, compared with a year ago. GM sales in the LAAM region beat the expected industry performance, with more than 1.27 million vehicles sold.
MORE

 


 

A large, relatively young population with a low car-per-capita ratio, hold promise for the market in years to come. Several new Chevrolet product launches are on tap for 2009 including the Cruze, Malibu, Traverse and Camaro.
Chevrolet sales in Europe also contributed to the brand’s solid 2008 results, growing 11 percent and breaking though the 500,000 vehicle mark for the first time. Chevrolet is also performing strongly in emerging markets. It remains the top-selling import brand in Russia. In addition, Opel sales in Russia increased by 49 percent, while Saab increased 68 percent in 2008 compared with a year ago. The Opel Insignia won the prestigious European Car of the Year Award – a first for Opel in 22 years and a strong statement about GM’s global midsize vehicle architecture. Important launches for GM this year in the region include the Opel Insignia Sports Tourer and Astra; Chevrolet Cruze; and the new Saab 9-3X and 9-5.
A highlight of GM’s North America regional performance was the all-new Chevrolet Malibu sedan that achieved the highest percentage gain in annual sales volume (39 percent) of any of the top-20 selling vehicles in the United States. While GM’s total North America vehicle sales volume in 2008 declined 21 percent, there were a number of bright future product opportunities highlighted at the North America International Auto Show in Detroit this month. They included the new Chevrolet Camaro and second-generation Equinox; the second-generation Cadillac SRX and all-new CTS sport wagon; and the Buick LaCrosse.
Sales of Cadillac outside of the United States were supported by strong growth of the brand in Latin America, Africa and Middle East (up 22 percent).
Note: Global sales results are based on preliminary numbers reported and have been rounded.
MORE

 


 

General Motors Corp. (NYSE: GM), one of the world’s largest automakers, was founded in 1908, and today manufactures cars and trucks in 34 countries. With global headquarters in Detroit, GM employs 252,000 people in every major region of the world, and sells and services vehicles in some 140 countries. In 2008, 8.35 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/us/gm/en 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: our ability to comply with the requirements of our credit agreement with the U.S. Department of Treasury; the availability of funding for future loans under that credit agreement; our ability to execute the restructuring plans that we have disclosed, our ability to maintain adequate liquidity and financing sources and an appropriate level of debt; and changes in general economic conditions, 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. 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 Sales
1
                                                 
    Q4   CYTD
    2008   2007   % Chg   2008   2007   % Chg
GMNA
                                               
Chevrolet
    422,040       614,281       -31.3       2,156,288       2,654,019       -18.8  
GMC
    85,958       142,567       -39.7       438,176       578,845       -24.3  
Pontiac
    62,812       110,742       -43.3       382,949       485,885       -21.2  
Saturn
    32,382       56,207       -42.4       206,733       265,901       -22.3  
Cadillac
    33,348       62,576       -46.7       170,481       225,032       -24.2  
Buick
    27,643       45,219       -38.9       154,275       201,690       -23.5  
HUMMER
    5,810       14,057       -58.7       29,968       59,141       -49.3  
Saab
    4,349       7,514       -42.1       23,186       35,175       -34.1  
Opel/Vauxhall
    418       736       -43.2       1,935       2,248       -13.9  
Other
    0       0       0       0       7,906       0  
         
Total
    674,760       1,053,899       -36.0       3,563,991       4,515,842       -21.1  
 
                                               
GME
                                               
Opel/Vauxhall
    284,295       378,336       -24.9       1,458,769       1,629,863       -10.5  
Chevrolet
    121,856       128,012       -4.8       508,124       459,436       10.6  
Saab
    12,857       20,613       -37.6       66,582       85,206       -21.9  
Cadillac
    619       1,166       -46.9       4,556       4,759       -4.3  
HUMMER
    474       704       -32.7       2,286       2,322       -1.6  
Other
    63       188       -66.5       216       1,008       -78.6  
         
Total
    420,164       529,019       -20.6       2,040,533       2,182,594       -6.5  
 
                                               
GMLAAM
                                               
Chevrolet
    240,391       308,699       -22.1       1,143,874       1,107,685       3.3  
GMC
    7,633       9,604       -20.5       42,384       34,209       23.9  
Other
    8,116       9,078       -10.6       40,950       35,883       14.1  
Opel/Vauxhall
    8,177       11,619       -29.6       39,764       49,353       -19.4  
Cadillac
    801       914       -12.4       4,377       3,596       21.7  
HUMMER
    758       1,165       -34.9       3,781       4,179       -9.5  
Buick
    83       250       -66.8       679       974       -30.3  
Saab
    172       100       72.0       521       451       15.5  
         
Total
    266,131       341,429       -22.1       1,276,330       1,236,330       3.2  
 
                                               
GMAP
                                               
Wuling2
    149,020       132,047       12.9       606,499       516,435       17.4  
Chevrolet
    69,136       77,826       -11.2       311,971       274,773       13.5  
Buick
    68,758       95,575       -28.1       280,440       333,131       -15.8  
Holden
    32,569       37,059       -12.1       139,407       158,234       -11.9  
Daewoo
    19,244       34,550       -44.3       121,081       134,528       -10.0  
Cadillac
    1,394       2,188       -36.3       7,624       7,770       -1.9  
Saab
    543       890       -39.0       3,006       3,894       -22.8  
Opel/Vauxhall
    479       1,249       -61.6       2,632       5,251       -49.9  
HUMMER
    204       328       -37.8       1,538       703       118.8  
Other
    147       215       -31.6       895       956       -6.4  
         
Total
    341,494       381,927       -10.6       1,475,093       1,435,675       2.7  
 
                                               
GLOBAL
                                               
Chevrolet
    853,423       1,128,818       -24.4       4,120,257       4,495,913       -8.4  
Opel/Vauxhall
    293,369       391,940       -25.1       1,503,100       1,686,715       -10.9  
Wuling
    149,020       132,047       12.9       606,499       516,435       17.4  
GMC
    93,591       152,171       -38.5       480,560       613,054       -21.6  
Buick
    96,484       141,044       -31.6       435,394       535,795       -18.7  
Pontiac
    62,812       110,742       -43.3       382,949       485,885       -21.2  
Saturn
    32,382       56,207       -42.4       206,733       265,901       -22.3  
Cadillac
    36,162       66,844       -45.9       187,038       241,157       -22.4  
Holden
    32,569       37,059       -12.1       139,407       158,234       -11.9  
Daewoo
    19,244       34,550       -44.3       121,081       134,528       -10.0  
Saab
    17,921       29,117       -38.5       93,295       124,726       -25.2  
HUMMER
    7,246       16,254       -55.4       37,573       66,345       -43.4  
Other
    8,326       9,481       -12.2       42,061       45,753       -8.1  
         
Total
    1,702,549       2,306,274       -26.2       8,355,947       9,370,441       -10.8  
 
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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