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GM Defense is the military product subsidiary of General Motors, headquartered in Concord, North Carolina. It focuses on defense industry needs with hydrogen fuel cell and other advanced mobility technologies. [ 2] GM Defense projects include SURUS (Silent Utility Rover Universal Superstructure), an autonomous modular platform joint project ...
Penske had asked GM to extend the time it was to build Saturns until it could reach a deal with the Renault Group for vehicle replacements in 2012, but since that deal fell through Penske cancelled the planned sale. GM has said that the Saturn brand will be phased out by the 2010 model year, and the brand was declared defunct on October 31, 2010.
GM has recorded eight consecutive quarters of year-over-year U.S. retail sales growth, which drove company revenue compound annual growth rate (CAGR) to roughly 16% over the past 24 months. Second ...
But GM remained afloat and the company's stock in the Dow Jones industrial average posted the biggest percentage gain in 2006. [36] In June 2007, GM sold its military and commercial subsidiary, Allison Transmission, for $5.6 billion. Having sold off the majority, it will, however, keep its heavy-duty transmissions for its trucks marketed as the ...
Overall, GM sales in the second quarter are boosting the company’s bottom line at the right time, and EV sales are strong as well. In the quarter, GM delivered 696,086 vehicles in the US, up 0.6 ...
For the quarter, GM reported: Revenue: $43.1 billion vs. $40 billion expected. Adjusted EPS: $2.12 vs. $1.69 expected. On the profitability front, GM reported adjusted EBIT (earnings before ...
As of May 2008, Dingell owned GM stock worth up to $350,000, GM stock options worth up to $1 million more, and a GM pension fund. In 2000, the Dingells owned GM stock options worth up to $5 million. In 1998, Dingell sold GM stock options worth up to $1 million. [103]
Prior to today's announcement, GM shares had been down about 20% in the past year, compared to a 15% gain for the S&P 500 . Investors have fretted on several aspects of the GM investment thesis ...
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