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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 18, 2007
GENERAL MOTORS CORPORATION
(Exact Name of Registrant as Specified in its Charter)
STATE OF DELAWARE 38-0572515
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(State or other jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
300 Renaissance Center, Detroit, Michigan 48265-3000
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(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))
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ITEM 8.01. OTHER EVENTS
On October 18, 2007 General Motors Corporation (GM) issued a news release
announcing global quarterly sales. The release is as follows:
GM Announces Record Global Third Quarter Sales, Up 4 Percent
o Chevrolet Aveo, Corsa and Celta Drive Record Sales Surge of 22 Percent In
Latin America, Africa and the Middle East
o Record Sales in China, India Fuel 16 Percent Asia-Pacific Increase
o Opel/Vauxhall and Chevrolet Performance Drives Europe to Set Q3 Sales Record
with 15 Percent Growth
o 21 Consecutive Quarters of Year-Over-Year Growth Outside the U.S.
DETROIT - General Motors sold a record 2.38 million cars and trucks around the
world in the third quarter of 2007, a 4 percent increase compared with last
year, according to preliminary sales figures released today. GM also reported
record sales outside the United States, marking the 21st consecutive quarter of
year-over-year sales increases outside the U.S.
"GM's record third quarter sales were driven by exceptionally strong demand in
emerging markets and our improving competitiveness in developed markets. GM
global sales of 7.06 million vehicles for the first nine months of the year
reflects solid results and more than 2 percent growth. We're on track to have
our second-best annual sales performance in our almost 100-year history," John
Middlebrook, GM vice president, Global Sales, Service and Marketing Operations,
said today. "In the third quarter we experienced record sales around the globe
including a 22 percent increase in Latin America, Africa and the Middle East -
an all-time quarterly record for that region - and 16 percent growth in the
Asia-Pacific region. We're also pleased to post a sales gain of 15 percent in
Europe where we sold more than 523,600 vehicles and set a Q3 record."
Global sales highlights include:
o Record third quarter 2007 global sales of 2.38 million vehicles, up 4 percent.
o Record third quarter sales outside the United States, marking the 21st
consecutive quarter of year-over-year sales increases. At 1.34 million
vehicles, Q3 2007 sales outside of the United States accounted for about 56
percent of GM's total global sales, growing at close to 14 percent compared
with Q3 2006, outpacing the industry average growth rate of 10 percent.
o Record third quarter sales in the Latin America, Africa and Middle East
region, up almost 22 percent to 329,400 vehicles. Record sales in Brazil were
up 29 percent for the quarter. Cadillac sales were up 45 percent; Chevrolet
sales were up 27 percent; Saab sales were up 17 percent and HUMMER saw a
triple-digit increase in the region. For the first nine months of the year, GM
LAAM region sales are up almost 20 percent, to 893,800 vehicles.
o Record third quarter sales in the Asia-Pacific region of 327,500 vehicles were
16 percent higher than the previous year's third quarter. Sales by GM China
(including sales by SAIC-GM-Wuling) of 230,000 vehicles posted a more than 21
percent sales increase compared with 2006. GM is on pace to become the first
group to sell 1 million vehicles a year in China. Cadillac sales were up 122
percent; Chevrolet sales were up 46 percent; and Saab sales were up 12 percent
in the region. For the first nine months of the year, GM Asia-Pacific region
sales are up more than 14 percent to 1.05 million vehicles.
o GM posted record third quarter sales in Europe with deliveries of 523,600
vehicles, up 15 percent. GM had the highest quarterly volume increase of the
top-ten manufacturers in Europe. Growth in Russia led the increase with a
record 65,700 vehicles sold, up 75 percent. GM's growth in Russia is also
supported by the start of Opel Antara production in St. Petersburg. GM is on
track to sell more than 200,000 vehicles in Russia this year. Chevrolet
achieved record European sales of 113,000 vehicles, up 28 percent.
Opel/Vauxhall grew volume more than 12 percent in Europe. Cadillac sales were
up 61 percent and HUMMER sales were up 28 percent in the region. For the first
nine months of the year, GM Europe regional sales are up more than 8 percent
to 1.65 million vehicles.
o In North America, planned reductions in daily rental sales and softness in the
U.S. market due to increasing fuel prices and concerns about housing, resulted
in sales of 1.20 million vehicles, a decline of 6 percent compared with last
year. Despite a competitive U.S. market for full-size pickups, GM continued to
show pickup truck segment leadership in the quarter thanks to the North
America Truck of the Year Chevrolet Silverado and all-new GMC Sierra. GM's
mid-car and mid-utility crossover segments also saw retail sales gains on the
strength of mid-cars Saturn Aura, Pontiac G6 and Chevrolet Impala, and
mid-utility crossovers GMC Acadia, Saturn Outlook and Buick Enclave. The
newly-launched 2008 Chevrolet Malibu is building momentum as dealer demand is
taxing available supply.
Chevrolet global sales of 1.18 million vehicles in the third quarter of 2007
were up more than 5 percent compared with a year ago. The brand grew by 46
percent in Asia-Pacific, 28 percent in Europe and 27 percent in Latin America,
Africa and the Middle East.
GMC sales in North America were up 8 percent in Q3, largely due to the
popularity of the Acadia mid-utility crossover and all-new Sierra full-size
pickup truck. Saturn sales for the first nine months of the year were up more
than 13 percent due to the sales performance of three new vehicles, the Sky
roadster, Aura mid-car and Outlook mid-utility crossover vehicle.
Note: Global sales results are based on preliminary numbers reported and have
been rounded.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the
annual global industry sales leader for 76 years. Founded in 1908, GM today
employs about 280,000 people around the world. With global headquarters in
Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly
9.1 million GM cars and trucks were sold globally under the following brands:
Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab,
Saturn and Vauxhall. GM's OnStar subsidiary is the industry leader in vehicle
safety, security and information services. More information on GM can be found
at www.gm.com.
Note: GM sales and production results are available on GM Media OnLine at
http://media.gm.com by clicking on News, then Sales/Production. In this press
release and related comments by General Motors management, we use words like
"expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and
similar expressions to identify forward-looking statements, representing our
current judgment about possible future events. We believe these judgments are
reasonable, but actual results may differ materially due to a variety of
important factors. Among other items, such factors might include: the pace of
introductions and market acceptance of new products; the effect of competition
on our markets and significant changes in the competitive environment; price
increases or shortages of fuel; and changes in laws, regulations or tax rates.
GM's most recent annual report on Form 10-K and quarterly report on Form 10-Q
provide information about these factors, which may be revised or supplemented in
future reports to the SEC on Form 10-Q or 8-K.
# # #
General Motors Corporation
Global Vehicle Sales(1)
Q3 CYTD
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2007 2006 % Chg 2007 2006 % Chg
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GMNA
Chevrolet 700,391 749,260 -6.5 2,039,738 2,197,389 -7.2
GMC 156,197 144,756 7.9 436,278 410,068 6.4
Pontiac 135,329 150,180 -9.9 375,143 421,105 -10.9
Saturn 69,730 71,576 -2.6 209,694 184,993 13.4
Cadillac 59,494 62,351 -4.6 162,456 177,817 -8.6
Buick 57,594 70,215 -18.0 156,471 207,866 -24.7
HUMMER 16,487 21,512 -23.4 45,084 56,670 -20.4
Saab 9,284 10,751 -13.6 27,661 29,893 -7.5
Opel/Vauxhall 473 328 44.2 1,512 1,169 29.3
Other 1,173 3,859 -69.6 7,906 11,050 -28.5
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Total 1,206,152 1,284,788 -6.1 3,461,943 3,698,020 -6.4
GME
Opel/Vauxhall 389,494 347,408 12.1 1,252,909 1,203,533 4.1
Chevrolet 113,029 88,337 28.0 329,304 250,263 31.6
Saab 19,292 19,687 -2.0 64,580 70,359 -8.2
Cadillac 1,256 781 60.8 3,769 2,594 45.3
HUMMER 519 407 27.5 1,520 1,363 11.5
Other 0 161 0 0 519 0
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Total 523,590 456,781 14.6 1,652,082 1,528,631 8.1
GMLAAM
Chevrolet 296,824 233,194 27.3 798,265 643,882 24.0
Opel/Vauxhall 12,872 15,456 -16.7 37,877 39,990 -5.3
GMC 5,976 9,585 -37.7 21,573 27,113 -20.4
HUMMER 3,269 634 415.6 5,996 2,221 170.0
Cadillac 847 583 45.3 2,619 1,753 49.4
Buick 182 185 -1.6 726 629 15.4
Saab 104 89 16.9 348 314 10.8
Other 9,324 10,768 -13.4 26,386 29,828 -11.5
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Total 329,398 270,494 21.8 893,790 745,730 19.9
GMAP
Wuling(2) 104,669 86,504 21.0 384,388 314,000 22.4
Buick 80,059 72,837 9.9 237,557 218,677 8.6
Chevrolet 69,346 47,552 45.8 194,511 165,761 17.3
Holden 39,217 37,808 3.7 121,124 118,210 2.5
Daewoo 30,185 35,094 -14.0 102,335 91,472 11.9
Cadillac 1,615 728 121.8 5,574 2,810 98.4
Opel/Vauxhall 1,061 1,536 -30.9 4,019 4,861 -17.3
Saab 949 846 12.2 2,981 2,981 0.0
HUMMER 90 248 -63.7 321 857 -62.5
Other 331 270 22.6 748 688 8.7
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Total 327,522 283,423 15.6 1,053,558 920,317 14.5
GLOBAL
Chevrolet 1,179,590 1,118,343 5.5 3,361,818 3,257,295 3.2
Opel/Vauxhall 403,900 364,728 10.7 1,296,317 1,249,553 3.7
GMC 162,173 154,341 5.1 457,851 437,181 4.7
Pontiac 135,329 150,180 -9.9 375,143 421,105 -10.9
Buick 137,835 143,237 -3.8 394,754 427,172 -7.6
Wuling 104,669 86,504 21.0 384,388 314,000 22.4
Saturn 69,730 71,576 -2.6 209,694 184,993 13.4
Cadillac 63,212 64,443 -1.9 174,418 184,974 -5.7
Holden 39,217 37,808 3.7 121,124 118,210 2.5
Daewoo 30,185 35,094 -14.0 102,335 91,472 11.9
Saab 29,629 31,373 -5.6 95,570 103,547 -7.7
HUMMER 20,365 22,801 -10.7 52,921 61,111 -13.4
Other 10,828 15,058 -28.1 35,040 42,085 -16.7
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Total 2,386,662 2,295,486 4.0 7,061,373 6,892,698 2.4
Notes:
(1) Quarterly sales data is preliminary and subject to change
(2) Wuling volumes are included in china due to the combination of the market
environment and GM's equity position
SIGNATURES
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 CORPORATION
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(Registrant)
Date: October 18, 2007 By: /s/NICK S. CYPRUS
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(Nick S. Cyprus
Controller and
Chief Accounting Officer)