Company Overview of General Motors Europe AG
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.
Founded in 1986
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Key Executives for General Motors Europe AG
Chief Financial Officer and Vice President
Chief Executive Officer of Saab Automobile and President of Saab Automobile
President of Chevrolet and Managing Director of Chevrolet
Vice President and General Counsel
Vice President and Managing Director of GM Russia & CIS
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
Jan 16 14
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
Oct 30 13
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
Jul 25 13
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.
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