General Motors Targeting $5.5b in Cost Efficiencies by 2018
Source: BFW (Bloomberg First Word)
Tickers
GM US (General Motors Co)
To de-activate this alert, click here
UUID: 7947283
(Bloomberg) -- General Motors says on track to meet 2016 commitments; sees 2016 net. rev. greater than 2015’s $152b.
Alert: HALISTER- On track for Ebit-adj. margins 9-10% by early next decade
- Sees growth in China market avg 3%-5% over near term
- Repeats 2016 adj EPS view
- To start over 60 new/refreshed vehicles in China by 2020
- To introduce 29 new vehicle models in Europe by 2020
- Ended some manufacturing in Indonesia, Russia, Australia
- Shift to more flexible/modular approach 4 vehicle set by ’25
- NOTE: Sept. 20, Canada Auto Union in Tentative Agreement With General Motors
Source: BFW (Bloomberg First Word)
Tickers
GM US (General Motors Co)
To de-activate this alert, click here
UUID: 7947283