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GM Posts Strong Second Quarter Earnings Growth with Net Income of $1.1 Billion and EBIT-Adjusted of $2.9 Billion

General Motors Co. (NYSE: GM) today reported strong earnings growth for the second quarter with net income attributable to common stockholders of $1.1 billion, or $0.67 per diluted share, which included a $1.1 billion loss from special items before tax, or $(0.62) per diluted share. Earnings before interest and taxes (EBIT) adjusted increased to $2.9 billion […]

Johann Verster

Published : Thursday July 23, 2015

Ten Dealers in South Africa Named GM International Grandmasters

Ten South African car dealers officially became 2015 General Motors (GM) International Grandmasters. They were among the 167 dealers in the region that traveled to San Francisco to receive GM’s highest honour for its dealerships.

Johann Verster

Published : Friday May 15, 2015

Exciting December sales open new doors for GMSA in 2015

07 JANUARY 2015 – General Motors South Africa (GMSA) ended 2014 on a high note after an increase in domestic retail sales in December 2014 versus November 2014 with 4 412 units sold. GMSA market share has also increased by 0.4 share points, to 8.6%.

Gerald Ferreira

Published : Wednesday January 7, 2015

Chevrolet, Opel and Isuzu October Sales Performance

03 NOVEMBER 2014 – The South African motor industry continues to grow despite a turbulent year, with October 2014 new vehicle sales totalling 59 384 units – almost 3 000 units and a 4.7% gain versus the same period in 2014. The recent growth in the overall industry can be attributed to strong direct channel sales whilst […]

Gerald Ferreira

Published : Tuesday November 4, 2014

DEMAND FOR NEW MOTOR VEHICLES SLOWS AS YEAR DRAWS TO A CLOSE

DEMAND FOR NEW MOTOR VEHICLES SLOWS AS YEAR DRAWS TO A CLOSE Chevrolet Spark achieves sales of 495 units as demand for small cars continues to grow Chevrolet Utility continues to lead the sub-1 ton segment with 1279 sales Chevrolet Spark Pronto continues to expand its niche in the market with 125 sales for the […]

Gerald Ferreira

Published : Tuesday December 3, 2013

NAAMSA CAR SALES – General Motors South Africa

VEHICLE SALES IMPACTED BY SHORT TRADING MONTH AND SUPPLY CONSTRAINTS DURING SEPTEMBER Total vehicle sales for September of 54281 units (excludes 505 by GWM not formally reported) GMSA sales of 5096 units Strong demand from rental sector with sales up 21,6% on September 2012 Chevrolet Spark achieves sales of 718 as top selling locally produced […]

Gerald Ferreira

Published : Wednesday October 2, 2013

GM South Africa NAAMSA Car Sales April 2013

April Vehicle Sales Continue Growth Trend Chevrolet Utility dominates sub-1 ton segment with 1628 sales Demand for locally manufactured Spark remains strong New Isuzu KB begins to establish itself GM South Africa’s recent product entries came in with a strong performance says Malcolm Gauld, GMSA’s Vice President Vehicle Sales, Service and Marketing, “GM South Africa […]

Gerald Ferreira

Published : Friday May 3, 2013

February Vehicle Sales Provide More Realistic View Of Market Conditions

Vehicle sales numbers released by NAAMSA today provide a more realistic snapshot of market conditions with 2013 well on its way.  February sales were up just 882 units on the same month last year with a total of 53 220 new vehicles delivered for the month.

Gerald Ferreira

Published : Monday March 4, 2013

NAAMSA Car Sales GMSA

Motor Vehicle Sales Surprise in January January saw a welcome improvement in sales of light commercial vehicles. This segment is up by 20% versus January last year with 13 346 vehicles sold compared to the 11 120 last year. GMSA showed growth of 39,3% here, largely attributable to the popularity of the Chevrolet Utility.  The […]

Gerald Ferreira

Published : Monday February 4, 2013

Motor Industry Ends 2012 On A Positive Note With Growth Of 9.2%

Total industry volume exceeds 620 000 target with 623 914 sales for 2012 Passenger vehicle sales up by 11,3% for year Light commercial vehicle sales lag with growth of just 4,6% GMSA retains leadership in sub-1 ton LCV market with Chevrolet Utility GMSA delivers a total of 69 968 vehicles for a Full Year market […]

Gerald Ferreira

Published : Wednesday January 9, 2013

Vehicle Sales Remain Steady Through October

 11,6% market share for GMSA with 6 716 sales for month Chevrolet Utility continues leadership in sub-1 Ton segment with 53,6% of sales Chevrolet Sonic ranked 8th in total passenger sales with 969 sales Chevrolet Spark rounds out top ten best passenger sellers with 688 units General Motors South Africa (GMSA) achieved a market share […]

Gerald Ferreira

Published : Monday November 5, 2012

GM Reports Third Quarter Net Income of $1.5 billion as EBIT-adjusted increases to $2.3 billion

DETROIT – General Motors Co. (NYSE: GM) today announced third quarter net income attributable to common stockholders of $1.5 billion, or $0.89 per fully diluted share including the impact of special items, which reduced net income by $0.1 billion and diluted earnings per share by $0.04.  In the third quarter a year ago, GM’s net […]

Gerald Ferreira

Published : Wednesday October 31, 2012

General Motors South Africa: Expect The Unexpected Following Strong Vehicle Sales In August

Company captures 11% of sales in active trading conditions 1 555 sales recorded for Chevrolet Utility Chevrolet Spark ranks ninth in passenger segment with 822 sales Strong month for Chevrolet Sonic just outside top ten with 730 sales General Motors South Africa (GMSA) recorded sales of 6 169 vehicles in August out of a total […]

Gerald Ferreira

Published : Wednesday September 5, 2012

General Motors Sales in China Set July Record

Increase 15.1 percent on annual basis to 199,503 Units SHANGHAI – General Motors and its joint ventures sold a July record 199,503 vehicles in China, a 15.1 percent increase from last year’s previous high for the month. Shanghai GM’s sales in China rose 5.7 percent on an annual basis to a July record 97,064 units. […]

Gerald Ferreira

Published : Monday August 6, 2012

GM REPORTS SECOND QUARTER NET INCOME OF $1.5 BILLION AND EBIT-ADJUSTED OF $2.1 BILLION

DETROIT – General Motors Co. (NYSE: GM) today announced second quarter net income attributable to common stockholders of $1.5 billion, or $0.90 per fully-diluted share.  In the second quarter a year ago, GM’s net income attributable to common stockholders was $2.5 billion, or $1.54 per fully-diluted share.

Gerald Ferreira

Published : Thursday August 2, 2012

GM South Africa: Motor Industry Enters Second Half Of Year On A Sound Note

Motor Industry Enters Second Half Of Year On A Sound Note GMSA captures 11,8% of market in July• New Chevrolet Utility dominates sub-1 ton segment with 1 747 sales for 56% share of segment Chevrolet Cruze ranked 8th in passenger sales for the month and Aveo 9th Total market of 54 067 vehicles is up […]

Gerald Ferreira

Published : Thursday August 2, 2012

Sustained Demand For Motor Vehicles During May

Total vehicle sales reflect sustained demand during May with 50 228 sales Market up 20,7% on May 2011 GMSA delivers 5 845 new vehicles for 11,6% share of the market Chevrolet Utility continues to lead sub-1 ton segment with 1 898 sales  General Motors South Africa (GMSA) delivered 5 845 new vehicles during May to […]

Gerald Ferreira

Published : Tuesday June 5, 2012

GM REPORTS FIRST QUARTER NET INCOME OF $1.0 BILLION

EBIT-adjusted of $2.2 billion Net income of $0.60 per share after net loss from special items of $0.33 per share  DETROIT – General Motors Co. (NYSE: GM) today announced first quarter net income attributable to common stockholders of $1.0 billion, or $0.60 per fully diluted share.  These results include a net loss from special items […]

Gerald Ferreira

Published : Thursday May 3, 2012

GM South Africa Vehicle Sales Strong

Motor Vehicle Sales Strengthen Through April Chevrolet Utility heads sub-1 ton segment in April and in YTD sales GMSA market share of 11,1% for month with sales of 4 744 units Chevrolet Aveo captures top ten position in sales Total vehicle market up 10,5% on April 2011 General Motors South Africa ranked in fourth position […]

Gerald Ferreira

Published : Thursday May 3, 2012

Vehicle Sales Momentum Carried Through Into 2012

Chevrolet Aveo maintains sales spot in Top 10 Newly launched vehicle well accepted by market The first vehicle sales month of 2012 saw momentum carried forward from the past year with an increase in sales of 6,97% over January 2011. In this market General Motors South Africa sold 5 136 vehicles for a market share […]

Gerald Ferreira

Published : Thursday February 2, 2012

Vehicle sales consolidate in November General Motors South Africa

GMSA achieves market share of 11,5% Chevrolet Utility retains 80 months of consecutive segment leadership ahead of the launch of the all-new 3rd generation Chevrolet Utility in December High demand for Chevrolet Orlando continues Chevrolet Aveo is ranked fourth in passenger sales General Motors South Africa continued its strong performance in the market ahead of […]

Gerald Ferreira

Published : Saturday December 3, 2011

GMSA PREVIEWS THIRD GENERATION CHEVROLET UTILITY

General Motors South Africa has taken the opportunity presented by the Johannesburg International Motor Show to preview its third generation Chevrolet Utility prior to its public launch towards the end of 2011. The imminent launch of the third generation Chevrolet Utility into the popular sub-1 ton market sector marks the completion of the first phase […]

Gerald Ferreira

Published : Thursday October 6, 2011

GENERAL MOTORS CONTINUES TO GROW MARKET SHARE

GMSA makes further gains in market share Spark sales of 949 units make it the eighth most popular passenger vehicle for August Orlando makes its mark in MPV market Continued strength for Captiva and Cruze Strong sales month for Opel Corsa General Motors South Africa (GMSA) continued to improve its market share during August as […]

Gerald Ferreira

Published : Friday September 2, 2011

General Motors South Africa December 2007 New Vehicle Sales

GENERAL MOTORS SOUTH AFRICA (GMSA) sold a total of 6515 new vehicles in December against a backdrop of a significantly reduced end of year market. This good showing by GMSA resulted in a year-best monthly market share of 15,6 percent. GMSA passenger vehicles sold 2764 units, Light Commercial Vehicles (LCV) 3502 and trucks the balance. […]

Gerald Ferreira

Published : Friday January 9, 2009

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