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) July 19, 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 July 19, 2007 General Motors Corporation (GM) issued a news release
announcing global quarterly sales. The release is as follows:
GM Announces Global Quarterly Sales In Excess of 2.4 Million
Vehicles; Record Sales Outside United States
o Chevrolet Aveo, Corsa, Optra and Celta Drive Record Sales Surge of
20 Percent In Latin America, Africa and the Middle East
o Record Sales Growth in South Korea, India and China Fuels 8 Percent
Asia/Pacific Increase
o Europe Has Best-Ever Second Quarter; Sets All-Time Sales Record for
First Half of 2007
o GM Maintains Sales Leadership in Key Emerging Markets
DETROIT - General Motors sold 2.405 million cars and trucks around the world in
the second quarter of 2007, reporting record sales outside the United States,
according to preliminary sales figures released today. GM sold 2.395 million
vehicles in the second quarter last year.
"GM's second quarter sales were driven by exceptionally strong demand in
emerging markets. GM global sales of 4.67 million vehicles for the first half of
the year reflects solid results, in fact 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 second quarter we experienced record sales growth around the globe including
20 percent growth in Latin America, Africa and the Middle East - an all-time
quarterly record for that region, and 8 percent growth in the Asia/Pacific
region. We're also pleased to see almost 5 percent growth in Europe where we
sold more than 574,000 vehicles."
Chevrolet global sales of 1.13 million vehicles in the second quarter of 2007
were up more than 4,000 vehicles compared with a year ago. The brand grew by 34
percent in Europe, 24 percent in Latin America, Africa and the Middle East and 3
percent in Asia-Pacific.
Saturn sales in the United States and Canada were up 27 percent, based largely
on the popularity of three new vehicles, the Sky roadster, Aura mid-car and
Outlook mid-utility crossover vehicle. Saturn is launching the all-new Vue small
utility crossover and soon will introduce the Astra small car. Saturn has two
hybrid offerings in its lineup, the Aura Green Line and Vue Green Line.
Global sales highlights include:
o Second quarter 2007 global sales of 2.405 million vehicles.
o Second quarter sales outside the United States set a record. At 1.39 million
vehicles, Q2 2007 sales outside of the United States accounted for about 58
percent of GM's total global sales, growing at close to 8 percent compared
with Q2 2006, outpacing the industry average growth rate of 6 percent.
o In the Latin America, Africa and Middle East region, GM sales surged to
293,300 vehicles, up 20 percent in volume compared with 2006, which set the
industry and GM record for the second quarter. Sales in Brazil were up 23
percent for the quarter.
o In the Asia/Pacific region, GM sales of 338,000 vehicles were 8 percent higher
than the previous year's second quarter, and were a record for the quarter. GM
China sales of 234,000 vehicles posted a more than 6 percent sales increase
compared with 2006. GM remained the top-selling automaker in China. With these
results, GM is on track to become the first manufacturer in China to exceed
one million vehicles sold annually. GM's sales in China include sales by
SAIC-GM-Wuling, in which GM owns the maximum permissible interest for a
foreign company, 34 percent.
o In Europe, GM also set a quarterly sales record with deliveries of 574,000
vehicles, up 5 percent. Growth in Russia, up 106 percent, led the increase.
Chevrolet achieved record European sales of 114,900 vehicles, up 34 percent,
and is fueling GM's growth in Russia. Vauxhall sales strength in the UK helped
offset significant reductions in the German market, keeping Opel/Vauxhall
share in Europe at 7.4 percent for the first half of the year.
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 7 percent compared with a
strong quarter the previous year. Despite a competitive market for full-size
pickups, GM continues to show pickup truck segment leadership with share gains
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.
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 Units
Q2 CYTD
--------------------------------------------------------------
2007 2006 % Chg 2007 2006 % Chg
--------------------------------------------------------------
GMNA
Chevrolet 696,498 772,905 -9.9 1,339,347 1,448,129 -7.5
GMC 153,653 147,425 4.2 280,081 265,312 5.6
Pontiac 136,232 143,899 -5.3 239,814 270,925 -11.5
Saturn 78,089 61,531 26.9 139,964 113,417 23.4
Cadillac 53,572 62,320 -14.0 102,962 115,466 -10.8
Buick 52,739 70,667 -25.4 98,877 137,651 -28.2
HUMMER 14,841 16,893 -12.1 28,597 35,158 -18.7
Saab 10,445 10,262 1.8 18,377 19,142 -4.0
Opel/Vauxhall 515 347 48.4 1,039 841 23.5
Other 3,710 4,243 -12.6 6,733 7,191 -6.4
--------------------------------------------------------------
Total 1,200,294 1,290,492 -7.0 2,255,791 2,413,232 -6.5
GME
Opel/Vauxhall 434,561 434,848 -0.1 863,303 856,334 0.8
Chevrolet 114,928 85,705 34.1 216,028 161,321 33.9
Saab 23,074 25,961 -11.1 45,275 50,701 -10.7
Cadillac 1,197 1,080 10.8 2,350 1,813 29.6
HUMMER 486 456 6.6 915 956 -4.3
Other 0 180 0 0 373 0
--------------------------------------------------------------
Total 574,246 548,230 4.7 1,127,871 1,071,498 5.3
GMLAAM
Chevrolet 261,131 211,222 23.6 499,746 410,688 21.7
Opel/Vauxhall 12,410 12,595 -1.5 25,123 24,534 2.4
GMC 7,640 9,849 -22.4 15,255 17,528 -13.0
HUMMER 2,016 904 123.0 2,955 1,587 86.2
Cadillac 945 637 48.4 1,771 1,170 51.4
Buick 231 237 -2.5 544 444 22.5
Saab 112 99 13.1 240 225 6.7
Other 8,826 9,466 -6.8 18,129 19,060 -4.9
--------------------------------------------------------------
Total 293,311 245,009 19.7 563,763 475,236 18.6
GMAP
Wuling 115,774 97,382 18.9 279,719 227,195 23.1
Buick 74,901 80,061 -6.4 157,499 145,836 8.0
Chevrolet 64,069 62,356 2.7 125,163 116,833 7.1
Holden 41,191 38,678 6.5 82,016 80,402 2.0
Daewoo 36,883 29,748 24.0 72,150 56,382 28.0
Cadillac 1,943 711 173.3 3,960 2,082 90.2
Opel/Vauxhall 1,753 1,802 -2.7 2,959 3,301 -10.4
Saab 1,046 1,017 2.9 2,032 2,135 -4.8
HUMMER 95 276 -65.6 230 609 -62.2
Other 200 192 8.1 419 418 3.2
--------------------------------------------------------------
Total 337,855 312,223 8.2 726,147 635,193 14.3
GLOBAL
Chevrolet 1,136,626 1,132,188 0.4 2,180,284 2,136,971 2.0
Opel/Vauxhall 449,239 449,592 -0.1 892,424 885,010 0.8
GMC 161,293 157,413 2.5 295,336 283,131 4.3
Pontiac 136,244 143,939 -5.3 239,835 271,006 -11.5
Buick 127,871 150,972 -15.3 256,920 283,944 -9.5
Wuling 115,774 97,382 18.9 279,719 227,195 23.1
Saturn 78,089 61,533 26.9 139,965 113,420 23.4
Cadillac 57,657 64,748 -11.0 111,043 120,531 -7.9
Holden 41,191 38,678 6.5 82,016 80,402 2.0
Daewoo 36,883 29,748 24.0 72,150 56,382 28.0
Saab 34,677 37,339 -7.1 65,924 72,203 -8.7
HUMMER 17,438 18,529 -5.9 32,697 38,310 -14.7
Other 12,724 13,893 -8.4 25,259 26,654 -5.2
--------------------------------------------------------------
Total 2,405,706 2,395,954 0.4 4,673,572 4,595,159 1.7
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: July 19, 2007 By: /s/NICK S. CYPRUS
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(Nick S. Cyprus
Controller and
Chief Accounting Officer)