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
(Registrants 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 8.01 | Other Events |
Sales Release and Charts Dated October 3, 2011
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 |
Description |
Method of Filing | ||
Exhibit 99.1 | Sales Release and Charts Dated October 3, 2011 |
Attached as Exhibit |
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 |
Exhibit 99.1
For Release: Monday, Oct. 3, 2011, 10 a.m. EDT
GMs 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. Were 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 brands 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. GMs 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 companys 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 |
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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 | % | ||||||||||||||
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Total |
207,145 | 19.8 | % | 19.1 | % | 1,902,172 | 16.9 | % | 22.3 | % | ||||||||||||||
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Inventory |
Units
@ Sept. 30, 2011 |
Days Supply (selling days adjusted) |
Units
@ Aug. 31, 2011 |
Days Supply (selling days adjusted) |
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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 worlds 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. GMs largest national market is China, followed by the United States, Brazil, the United Kingdom, Germany, Canada, and Italy. GMs 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. GMs 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 |
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*S/D Prev: 25 |
2011 | 2010 | % Chg Volume |
%Chg per S/D |
2011 | 2010 | %Chg Volume |
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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
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2011 | 2010 | %Chg Volume |
%Chg per S/D |
2011 | 2010 | %Chg Volume |
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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 | ***.* | |||||||||||||||||||||
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GM Vehicle Total |
207,145 | 173,155 | 19.6 | 19.6 | 1,902,172 | 1,638,544 | 16.1 | |||||||||||||||||||||
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* | 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 |
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Selling Days (S/D) |
25 | 25 | ||||||||||||||||||||||||||
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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 | |||||||||||||||||||||
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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 | |||||||||||||||||||||
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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 | |||||||||||||||||||||
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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 | |||||||||||||||||||||
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Brand Total |
207,145 | 172,969 | 19.8 | 19.8 | 1,902,172 | 1,626,899 | 16.9 | |||||||||||||||||||||
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HUMMER Total |
0 | 163 | ***.* | ***.* | 0 | 3,507 | ***.* | |||||||||||||||||||||
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Pontiac Total |
0 | 8 | ***.* | ***.* | 0 | 962 | ***.* | |||||||||||||||||||||
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Saab Total |
0 | 0 | ***.* | ***.* | 0 | 608 | ***.* | |||||||||||||||||||||
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Saturn Total |
0 | 15 | ***.* | ***.* | 0 | 6,568 | ***.* | |||||||||||||||||||||
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Other Brand Total |
0 | 186 | ***.* | ***.* | 0 | 11,645 | ***.* | |||||||||||||||||||||
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GM Vehicle Total |
207,145 | 173,155 | 19.6 | 19.6 | 1,902,172 | 1,638,544 | 16.1 | |||||||||||||||||||||
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Sales Reporting and Data Management | Page 2 of 2 |