August 31, 2014 4:27 AM ET

Automobiles

Company Overview of General Motors Europe AG

Company Overview

General Motors Europe AG produces, sells, and services cars and trucks in Switzerland and internationally. The company offers passenger cars, commercial vehicles, and automotive services, as well as vehicle safety, security, and information services. It offers products through distributors and a network of dealers. The company was founded in 1986 and is based in Glattbrugg, Switzerland. General Motors Europe AG operates as a subsidiary of General Motors Europe Holdings, S.L.

Stelzenstrasse 4

Glattbrugg,  8152

Switzerland

Founded in 1986

Phone:

41 44 828 28 28

Fax:

41 44 828 21 55

Key Executives for General Motors Europe AG

Chief Financial Officer and Vice President
Age: 59
Chief Executive Officer of Saab Automobile and President of Saab Automobile
President of Chevrolet and Managing Director of Chevrolet
Age: 58
Vice President and General Counsel
Vice President and Managing Director of GM Russia & CIS
Age: 57
Compensation as of Fiscal Year 2014.

General Motors Europe AG Key Developments

General Motors Europe to Invest EUR 210 Million in Spanish Plant in 2014

General Motors Europe is planning to invest EUR 210 million (USD 286.2 million) at its Figueruelas plant in Zaragoza (Spain) during 2014. The site's money will be spent on the introduction of new products and would be far more than the EUR 160 million spent in 2013. The investment would continue in 2015, although not at the same level. The investment and uplift in output will coincide with the company beginning production of the Opel Mokka to the site after previously building it at operations in South Korea to help meet strong demand. In order to achieve this, the company has also been forced to relocate up to 70 major vehicle components which could have had an impact on output from a logistical point of view.

General Motors Europe Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

General Motors Europe reported unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported that lbit-adjusted was $214 million compared with $487 million in the third quarter of 2012. Total net sales and revenue was $4,858 million compared to $4,702 million a year ago. Equity income, net of tax was $1 million. For the nine months, the company reported that lbit-adjusted was $499 million compared with $1,175 million a year ago. Total net sales and revenue was $14,830 million compared to $15,489 million a year ago. Equity income, net of tax was $1 million. Expenditures for property was $527 million compared to $813 million a year ago.

General Motors Europe AG Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2013

General Motors Europe AG announced earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported adjusted LBIT of $110 million compared to $394 million for the same period year ago. Total net sales and revenue was $5,154 million compared to $5,532 million for the same period year ago. For the six months, the company reported adjusted LBIT of $285 million compared to $688 million for the same period year ago. Total net sales and revenue was $9,972 million compared to $10,787 million for the same period year ago.

Similar Private Companies By Industry

Company Name Region
IVECO (Schweiz) AG Europe
Rosenbauer AG Europe
General Motors Europe AG Europe
Ford Motor Company (Switzerland) SA Europe
Biketec AG Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact General Motors Europe AG, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.