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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) March 2, 2010

 

 

GENERAL MOTORS COMPANY

(Exact Name of Company as Specified in its Charter)

 

 

 

333-160471   DELAWARE   27-0756180
(Commission File Number)  

(State or other jurisdiction of

incorporation)

  

(I.R.S. Employer

Identification No.)

 

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

(313) 556-5000

(Company’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 company 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 March 2, 2010

Table of Contents

ITEM 8.01 Other Events

On March 2, 2010, General Motors Company (GM) issued a news release announcing February 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 March 2, 2010    Attached as Exhibit

Table of Contents

SIGNATURE

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

 

  

GENERAL MOTORS COMPANY

(Company)

Date: March 5, 2010    By:  

/S/    NICK S. CYPRUS        

     Nick S. Cyprus
     Vice President, Controller and Chief Accounting Officer
Sales Release and Charts Dated March 2, 2010

Exhibit 99.1

 

News    LOGO

For Release: 9:45 a.m. ET

March 2, 2010

February Combined Chevrolet, Buick, GMC and Cadillac Sales Up 32 Percent

 

•  

Combined Retail Sales for Chevrolet, Buick, GMC and Cadillac Increase 7 percent

 

•  

Fifth Consecutive Month of Year-over-Year Retail Sales Gains for GM’s Four Brands

 

•  

Combined Chevy Equinox, GMC Terrain, Cadillac SRX Retail Sales Up 198 Percent

DETROIT – Chevrolet, Buick, GMC and Cadillac dealers in the U.S. reported sales of 138,849, up a combined 32 percent compared to February 2009. These results were driven by the continued strong growth of new GM crossovers and passenger cars.

GM’s Chevrolet, Buick, GMC and Cadillac brands continue to build momentum in the marketplace, according to Susan Docherty, GM vice president, Sales, Service and Marketing. “Although we’ve been operating as a new company with four brands for just seven months, our February results demonstrate that our long-term plan is already paying dividends,” Docherty said.

Retail sales for GM’s four brands were up 7 percent for the month, driven by strong consumer demand for GM’s crossovers. February retail sales of GM’s newest crossovers – Chevrolet Equinox, GMC Terrain and Cadillac SRX – were up 198 percent compared to the vehicles they replaced. This was the seventh month in a row that retail sales of these vehicles were up more than 100 percent.

“We’ll earn every sale by delivering the value customers expect, in the vehicle they want,” said Docherty. “Our sales results for the Chevrolet Equinox, GMC Terrain and Cadillac SRX show these vehicles have what customers are looking for today – style, fuel efficiency, quality and the safety and security of OnStar.”

Month-end dealer inventory in the U.S. stood at 420,000, which is 30,000 higher compared to January 2010, and 361,000 lower than February 2009.

Other Key Facts:

 

•  

Chevrolet: total sales up 32 percent; retail sales up 1 percent; Chevrolet Equinox retail sales increased 121 percent

 

•  

Buick: total sales up 47 percent; retail sales up 18 percent; Buick LaCrosse retail sales rose 100 percent

 

•  

GMC: total sales up 26 percent; retail sales up 25 percent; GMC Terrain retail sales were up 303 percent (compared to the Pontiac Torrent – the vehicle it replaced)

 

•  

Cadillac: total sales up 32 percent; retail sales up 13 percent; Cadillac SRX retail sales were up 490 percent

About General Motors: General Motors, one of the world’s largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 204,000 people in every major region of the world and does business in some 140 countries. GM and its strategic partners produce cars and trucks in 34 countries, and sell and service these vehicles through the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel, Vauxhall and Wuling. GM’s largest national market is the United States, followed by China, Brazil, Germany, the United Kingdom, Canada, and Italy. GM’s OnStar subsidiary is the industry leader in vehicle safety, security and information services. General Motors acquired operations from General Motors Corporation on July 10, 2009, and references to prior periods in this and other press materials refer to operations of the old General Motors Corporation. More information on the new General Motors can be found at www.gm.com.

###

CONTACT:

Tom Henderson

tom.e.henderson@gm.com

313-410-2704 cell

GM U.S. Deliveries for February 2010 - Divisional Brand Level

 

*S/D Curr: 24    February   

(Calendar Year-to-Date)

January - February

*S/D Prev: 24    2010    2009    % Chg
Volume		    %Chg per  
S/D  		    2010    2009    %Chg
Volume

Vehicle Total

    141,951    127,296    11.5    11.5      288,776    256,523    12.6

Brand Total

    138,849    104,993    32.2    32.2      283,947    216,767    31.0

Other Brand Total

    3,102    22,303    -86.1    -86.1      4,829    39,756    -87.9

GM Vehicle Deliveries by Marketing Division

 

      2010    2009    %Chg
Volume		    %Chg per  
S/D  		    2010    2009    %Chg
Volume

Buick Total

    9,121    6,196    47.2    47.2      19,182    13,165    45.7

Cadillac Total

    9,273    7,038    31.8    31.8      17,713    15,537    14.0

Chevrolet Total **

    99,999    75,555    32.4    32.4      205,293    152,741    34.4

GMC Total **

    20,456    16,204    26.2    26.2      41,759    35,324    18.2

Brand Total

    138,849    104,993    32.2    32.2      283,947    216,767    31.0

HUMMER Total

    296    1,053    -71.9    -71.9      561    2,275    -75.3

Pontiac Total

    84    14,200    -99.4    -99.4      473    23,304    -98.0

Saab Total

    97    712    -86.4    -86.4      608    1,667    -63.5

Saturn Total

    2,625    6,338    -58.6    -58.6      3,187    12,510    -74.5

Other Brand Total

    3,102    22,303    -86.1    -86.1      4,829    39,756    -87.9

GM Vehicle Total

    141,951    127,296    11.5    11.5      288,776    256,523    12.6

 

*  Twenty-four selling days (S/D) for the February period this year and twenty-four for last year.

 

**Effective August 2007, GM includes GMC & Chevrolet dealer deliveries of commercial vehicles distributed by American Isuzu Motors, Inc.

 

Global Market and Industry Analysis - Sales Reporting and Data Management    Page 1 of 1

GM U.S. Deliveries for February 2010 by Model

 

      February   

(Calendar Year-to-Date)

January - February

      2010    2009    % Chg
Volume		    %Chg per  
S/D  		    2010    2009    %Chg
Volume

Selling Days (S/D)

    24    24                         

Enclave

    3,778    3,366    12.2    12.2      7,853    6,078    29.2

LaCrosse

    4,045    1,536    163.3    163.3      8,291    3,025    174.1

Lucerne

    1,298    1,289    0.7    0.7      3,038    4,048    -25.0

Rainier

    0    0    ***.*    ***.*      0    3    ***.*

Terraza

    0    5    ***.*    ***.*      0    11    ***.*
Buick Total    9,121    6,196    47.2    47.2      19,182    13,165    45.7

CTS

    2,690    3,259    -17.5    -17.5      5,255    6,677    -21.3

DTS

    611    982    -37.8    -37.8      1,229    2,344    -47.6

Escalade

    1,418    1,238    14.5    14.5      2,655    2,591    2.5

Escalade ESV

    552    416    32.7    32.7      948    1,088    -12.9

Escalade EXT

    102    166    -38.6    -38.6      223    501    -55.5

SRX

    3,542    552    541.7    541.7      6,776    1,440    370.6

STS

    332    357    -7.0    -7.0      565    770    -26.6

XLR

    26    68    -61.8    -61.8      62    126    -50.8
Cadillac Total    9,273    7,038    31.8    31.8      17,713    15,537    14.0

Avalanche

    1,029    820    25.5    25.5      2,401    2,301    4.3

Aveo

    2,062    1,564    31.8    31.8      4,105    3,159    29.9

Camaro

    6,482    0    ***.*    ***.*      11,853    0    ***.*

Chevy C/T Series

    0    2    ***.*    ***.*      1    7    -85.7

Chevy W Series

    30    48    -37.5    -37.5      67    143    -53.1

Cobalt

    14,101    8,317    69.5    69.5      27,063    13,508    100.3

Colorado

    1,247    1,685    -26.0    -26.0      3,186    5,096    -37.5

Corvette

    624    1,027    -39.2    -39.2      1,478    1,869    -20.9

Equinox

    8,061    3,462    132.8    132.8      17,574    8,865    98.2

Express

    3,899    2,918    33.6    33.6      6,661    5,636    18.2

HHR

    4,658    2,557    82.2    82.2      10,110    4,257    137.5

Impala

    11,740    7,807    50.4    50.4      22,679    14,867    52.5

Kodiak 4/5 Series

    155    385    -59.7    -59.7      293    731    -59.9

Kodiak 6/7/8 Series

    17    95    -82.1    -82.1      36    191    -81.2

Malibu

    15,150    11,516    31.6    31.6      31,589    20,828    51.7

Monte Carlo

    0    3    ***.*    ***.*      0    3    ***.*

Silverado-C/K Pickup

    19,822    19,788    0.2    0.2      42,594    43,775    -2.7

Suburban (Chevy)

    1,680    1,451    15.8    15.8      3,995    3,589    11.3

Tahoe

    3,325    4,490    -25.9    -25.9      7,881    8,339    -5.5

TrailBlazer

    22    1,040    -97.9    -97.9      88    3,501    -97.5

Traverse

    5,882    6,417    -8.3    -8.3      11,606    11,632    -0.2

Uplander

    13    163    -92.0    -92.0      33    444    -92.6
Chevrolet Total    99,999    75,555    32.4    32.4      205,293    152,741    34.4

Acadia

    6,478    4,758    36.1    36.1      11,938    7,991    49.4

Canyon

    510    553    -7.8    -7.8      1,210    1,731    -30.1

Envoy

    6    545    -98.9    -98.9      34    1,487    -97.7

GMC C/T Series

    21    36    -41.7    -41.7      29    61    -52.5

GMC W Series

    27    76    -64.5    -64.5      105    232    -54.7

Savana

    720    787    -8.5    -8.5      1,222    2,007    -39.1

Sierra

    6,296    6,400    -1.6    -1.6      13,567    14,420    -5.9

Terrain

    3,789    2    ***.*    ***.*      8,091    2    ***.*

Topkick 4/5 Series

    125    208    -39.9    -39.9      315    426    -26.1

Topkick 6/7/8 Series

    41    276    -85.1    -85.1      80    364    -78.0

Yukon

    1,261    1,826    -30.9    -30.9      2,764    4,089    -32.4

Yukon XL

    1,182    737    60.4    60.4      2,404    2,514    -4.4
GMC Total    20,456    16,204    26.2    26.2      41,759    35,324    18.2
Brand Total    138,849    104,993    32.2    32.2      283,947    216,767    31.0
HUMMER Total    296    1,053    -71.9    -71.9      561    2,275    -75.3
Pontiac Total    84    14,200    -99.4    -99.4      473    23,304    -98.0
Saab Total    97    712    -86.4    -86.4      608    1,667    -63.5
Saturn Total    2,625    6,338    -58.6    -58.6      3,187    12,510    -74.5
Other Brand Total    3,102    22,303    -86.1    -86.1      4,829    39,756    -87.9
GM Total    141,951    127,296    11.5    11.5      288,776    256,523    12.6

 

Global Market and Industry Analysis - Sales Reporting and Data Management    Page 1 of 1