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) December 1, 2010

 

 

GENERAL MOTORS COMPANY

(Exact Name of Registrant as Specified in its Charter)

 

 

 

001-34960   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

(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))

 

 

 


Table of Contents

TABLE OF CONTENTS

ITEM 8.01 Other Events

Signature

Index to Exhibits

Sales Release and Charts Dated December 1, 2010


Table of Contents

 

ITEM 8.01 Other Events

On December 1, 2010, General Motors Company (GM) issued a news release announcing November 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 December 1, 2010

   Attached as Exhibit


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 COMPANY
    (Registrant)
Date: December 1, 2010     By:  

/s/ Nick S. Cyprus

      Nick S. Cyprus
      Vice President, Controller and Chief Accounting Officer
Sales Release and Charts

Exhibit 99.1

 

  LOGO
News   General Motors  

GM Communications

Detroit, Mich., USA

media.gm.com

For Release: 10:45 a.m. EST

December 1, 2010

General Motors Sales Increase 21 Percent in November

 

 

GM’s four brands are on track to gain market share for the year

 

 

Chevrolet monthly sales rise 18 percent; year-to-date sales are up 17 percent

 

 

Buick monthly sales increase 36 percent; year-to-date sales are up 54 percent

 

 

GMC monthly sales improve 30 percent; year-to-date sales are up 28 percent

 

 

Cadillac monthly sales increase 21 percent; year-to-date sales are up 38 percent

DETROIT – General Motors dealers reported 168,704 total sales in November, a 21-percent increase from the prior year for the company’s four brands. The gains were the result of balanced contributions from Chevrolet, Buick, GMC and Cadillac cars, crossovers and trucks. With sales for GM’s four brands up 22 percent through November, GM is on track to gain market share for the year.

November retail sales for the company’s brands rose 20 percent compared to a year earlier.

“Each brand came to the party in November,” said Don Johnson, vice president, U.S. sales operations. “These results show that our brands continue to gain momentum with consumers who want stylish, fuel-efficient vehicles.”

During the month, combined sales of the Chevrolet Equinox, GMC Terrain and Cadillac SRX increased 56 percent, while the combined sales for the Buick Enclave, GMC Acadia and Chevrolet Traverse rose 38 percent versus last year. Combined, GM’s crossovers improved 39 percent during the month, and are up 51 percent year to date.

Combined sales of the Chevrolet Avalanche, Chevrolet Silverado and GMC Sierra full-size pickups increased 16 percent for the month and are 16 percent higher year to date, compared to 2009.

Passenger car deliveries increased 17 percent during November, driven by improving demand for the Chevrolet Cruze (8,066 unit sales) and Buick Regal (1,979 unit sales). Strong increases from Chevrolet Aveo (up 47 percent), Chevrolet Impala (up 19 percent) and Buick LaCrosse (up 20 percent) also helped drive the year-over-year improvement.


“November sales results are consistent with our expectations and show that the plan we laid out earlier this year to steadily grow in the U.S. market is working,” Johnson said. Sales for GM’s four brands have increased 22 percent through November, while the industry has increased approximately 11 percent.

Month-end dealer inventory in the U.S. stood at about 536,000 units, which is about 21,000 higher compared to October, and about 98,000 higher than November 2009.

November Key Facts and Brand Results:

 

   

Calendar-year-to-date total sales for GM’s four brands are up 22 percent

 

   

Calendar-year-to-date retail sales for GM’s four brands are up 15 percent

 

   

GM’s four brands have sold 103,014 more vehicles year-to-date than were sold with eight brands through November 2009

 

   

GM sells the most stylish, fuel-efficient crossovers in the U.S. market, with sales up 51 percent in 2010

 

   

Chevrolet: Chevrolet delivered 117,588 total vehicles in November, an 18-percent increase year over year. Retail sales for Chevrolet rose 13 percent on the strength of improving Cruze sales, and strong Silverado and Equinox retail sales, which were up 15 and 51 percent respectively. Year-to-date total Chevrolet sales are up 17 percent.

 

   

Buick: Buick, the fastest growing major automotive brand in the United States, reported 11,725 total sales, a 36-percent increase compared to a year ago. This includes a 37- percent rise in year-over-year retail sales – the 14th consecutive month of year-over-year sales gains for the brand. Total Buick sales are up 54 percent for the calendar year to date.

 

   

GMC: GMC reported total sales of 27,590, a 30-percent increase compared to the same month last year. This marks the 14th consecutive month of year-over-year sales increases. Retail sales were 29 percent higher than last year, spurred by Sierra, Acadia and Terrain – up 16 percent, 76 percent and 55 percent, respectively. For the year, GMC total sales are up 28 percent.

 

   

Cadillac: Cadillac, the fastest-growing luxury brand in the United States, reported total sales of 11,801 for November – 21 percent higher than last November, with retail sales increasing 46 percent. November was the 10th consecutive month of year-over-year total and retail sales gains. SRX retail sales were up 39 percent, compared to a year ago. CTS retail sales rose 97 percent, driven by strong demand for the all-new CTS Coupe. Total sales for Cadillac are up 38 percent for the year.

 

   

Fleet sales for GM’s four brands were 47,330 for the month.

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 209,000 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 31 countries, and sell and service these vehicles through the following brands: Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Jiefang, Opel, Vauxhall and Wuling. GM’s largest national market is China, followed by the United States, 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

313-667-2702


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

 

*S/D Curr: 24

   November      (Calendar Year-to-Date)
January - November
 

*S/D Prev: 23

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

Vehicle Total

     168,739         151,427         11.4         6.8         1,991,042         1,875,981         6.1   

Brand Total

     168,704         139,672         20.8         15.8         1,978,995         1,621,982         22.0   

Other Brand Total

     35         11,755         -99.7         -99.7         12,047         253,999         -95.3   
GM Vehicle Deliveries by Marketing Division                     
     2010      2009      %Chg
Volume
     %Chg
per S/D
     2010      2009      %Chg
Volume
 

Buick Total

     11,725         8,627         35.9         30.2         138,294         90,069         53.5   

Cadillac Total

     11,801         9,721         21.4         16.3         130,207         94,347         38.0   

Chevrolet Total **

     117,588         100,023         17.6         12.7         1,417,672         1,209,007         17.3   

GMC Total **

     27,590         21,301         29.5         24.1         292,822         228,559         28.1   

Brand Total

     168,704         139,672         20.8         15.8         1,978,995         1,621,982         22.0   

HUMMER Total

     25         221         -88.7         -89.2         3,774         8,721         -56.7   

Pontiac Total

     7         7,426         ***.*         ***.*         1,052         169,890         -99.4   

Saab Total

     0         371         ***.*         ***.*         608         7,812         -92.2   

Saturn Total

     3         3,737         ***.*         ***.*         6,613         67,576         -90.2   

Other Brand Total

     35         11,755         -99.7         -99.7         12,047         253,999         -95.3   
                                                              

GM Vehicle Total

     168,739         151,427         11.4         6.8         1,991,042         1,875,981         6.1   
                                                              

 

* Twenty-four selling days for the November period this year and twenty-three for last year.
** Effective August 2007, GM 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 November 2010 by Model

 

     November      (Calendar Year-to-Date)
January - November
 
     2010      2009      % Chg
Volume
     %Chg per
S/D
     2010      2009      %Chg
Volume
 

Selling Days (S/D)

     24         23                  

Enclave

     3,810         3,056         24.7         19.5         48,792         37,701         29.4   

LaCrosse

     4,070         3,400         19.7         14.7         56,038         23,237         141.2   

Lucerne

     1,866         2,171         -14.0         -17.6         24,197         29,085         -16.8   

Rainier

     0         0         ***.*         ***.*         0         4         ***.*   

Regal

     1,979         0         ***.*         ***.*         9,267         0         ***.*   

Rendezvous

     0         0         ***.*         ***.*         0         9         ***.*   

Terraza

     0         0         ***.*         ***.*         0         33         ***.*   

Buick Total

     11,725         8,627         35.9         30.2         138,294         90,069         53.5   
                                                              

CTS

     3,727         2,705         37.8         32.0         40,485         34,637         16.9   

DTS

     1,384         1,408         -1.7         -5.8         17,102         15,429         10.8   

Escalade

     1,347         1,618         -16.7         -20.2         13,832         14,736         -6.1   

Escalade ESV

     763         507         50.5         44.2         7,412         5,713         29.7   

Escalade EXT

     197         145         35.9         30.2         1,816         2,160         -15.9   

SRX

     4,076         3,004         35.7         30.0         45,229         15,251         196.6   

STS

     307         279         10.0         5.5         4,144         5,677         -27.0   

XLR

     0         55         ***.*         ***.*         187         744         -74.9   

Cadillac Total

     11,801         9,721         21.4         16.3         130,207         94,347         38.0   
                                                              

Avalanche

     1,459         1,373         6.3         1.8         18,409         14,312         28.6   

Aveo

     3,262         2,212         47.5         41.3         44,586         35,157         26.8   

Camaro

     4,164         6,867         -39.4         -41.9         75,685         54,100         39.9   

Chevy C/T Series

     0         0         ***.*         ***.*         9         36         -75.0   

Chevy W Series

     28         41         -31.7         -34.6         286         648         -55.9   

Cobalt

     931         5,112         -81.8         -82.5         96,740         96,052         0.7   

Colorado

     1,598         1,316         21.4         16.4         22,255         30,614         -27.3   

Corvette

     836         952         -12.2         -15.8         11,645         12,901         -9.7   

Cruze

     8,066         0         ***.*         ***.*         13,630         0         ***.*   

Equinox

     15,387         9,587         60.5         53.8         127,215         73,437         73.2   

Express

     4,760         3,489         36.4         30.7         53,279         49,140         8.4   

HHR

     4,118         4,720         -12.8         -16.4         71,371         67,402         5.9   

Impala

     14,693         12,375         18.7         13.8         160,667         151,952         5.7   

Kodiak 4/5 Series

     6         303         -98.0         -98.1         1,189         3,965         -70.0   

Kodiak 6/7/8 Series

     4         16         -75.0         -76.0         245         875         -72.0   

Malibu

     11,651         11,113         4.8         0.5         187,250         142,194         31.7   

Monte Carlo

     0         0         ***.*         ***.*         0         6         ***.*   

Silverado-C/K Pickup

     25,619         22,101         15.9         11.1         327,617         283,243         15.7   

Suburban (Chevy)

     4,726         4,678         1.0         -3.2         40,888         36,350         12.5   

Tahoe

     6,325         6,528         -3.1         -7.1         68,193         63,971         6.6   

TrailBlazer

     1         165         -99.4         -99.4         216         8,715         -97.5   

Traverse

     9,954         7,054         41.1         35.2         96,221         82,210         17.0   

Uplander

     0         21         ***.*         ***.*         76         1,727         -95.6   

Chevrolet Total

     117,588         100,023         17.6         12.7         1,417,672         1,209,007         17.3   
                                                              

Acadia

     5,541         3,877         42.9         37.0         60,677         47,834         26.8   

Canyon

     598         452         32.3         26.8         7,166         9,481         -24.4   

Envoy

     1         81         -98.8         -98.8         82         4,757         -98.3   

GMC C/T Series

     0         18         ***.*         ***.*         54         437         -87.6   

GMC W Series

     25         105         -76.2         -77.2         382         1,591         -76.0   

Savana

     949         650         46.0         39.9         12,792         11,118         15.1   

Sierra

     9,781         8,371         16.8         12.0         112,999         99,698         13.3   

Terrain

     5,902         3,683         60.2         53.6         51,216         8,486         503.5   

Topkick 4/5 Series

     6         139         -95.7         -95.9         907         2,511         -63.9   

Topkick 6/7/8 Series

     0         129         ***.*         ***.*         418         1,707         -75.5   

Yukon

     2,317         2,253         2.8         -1.4         24,890         26,073         -4.5   

Yukon XL

     2,470         1,543         60.1         53.4         21,239         14,866         42.9   

GMC Total

     27,590         21,301         29.5         24.1         292,822         228,559         28.1   
                                                              

Brand Total

     168,704         139,672         20.8         15.8         1,978,995         1,621,982         22.0   
                                                              

HUMMER Total

     25         221         -88.7         -89.2         3,774         8,721         -56.7   
                                                              

Pontiac Total

     7         7,426         ***.*         ***.*         1,052         169,890         -99.4   
                                                              

Saab Total

     0         371         ***.*         ***.*         608         7,812         -92.2   
                                                              

Saturn Total

     3         3,737         ***.*         ***.*         6,613         67,576         -90.2   
                                                              

Other Brand Total

     35         11,755         -99.7         -99.7         12,047         253,999         -95.3   
                                                              

GM Total

     168,739         151,427         11.4         6.8         1,991,042         1,875,981         6.1   
                                                              

 

Sales Reporting and Data Management   Page 1 of 1