agent Entrepreneur logo
MenuMENU
SearchSEARCH

GM to Share its Finances with Potential Investors

June 29, 2010
2 min to read


General Motors Co. today is hosting an invitation-only briefing on its financial plans, ahead of the automaker's planned stock offering, reported The Detroit News.


GM isn't planning any major announcements at the session, at its Warren Tech Center. But executives will offer detailed financial information on its business, industry trends and plans -- especially in foreign markets.

Ad Loading...


About 200 people, most from the financial community, are expected to attend.


They are to hear presentations from many GM execs, including Chief Financial Officer Chris Liddell.


The meeting is "monumentally important" for GM, in convincing potential investors that it will be a sound investment, said Maryann Keller, an auto analyst and head of Maryann Keller & Associates in Stamford, Conn.


GM must give potential investors a clear picture of its long-term plans, including investments and how it will boost its market share. Executives also need to convince investors that the auto company will generate sufficient cash to fund new vehicle investments, she said.


"They need to tell us how, in a brutally competitive automotive world, they're going to earn a return on an investment," Keller said.

Ad Loading...


GM Chairman and Chief Executive Ed Whitacre will speak, and Tom Stephens, vice chairman of global product operations, will update investors on the company's product planning.


GM stock could be offered as early as October, and raise $20 billion as the U.S. Treasury Department divests 20 percent, or more, of its 61 percent stake. GM is still working on its stock registration.


GM plans to more regularly update the financial community as it works to complete its initial public offering registration statement.


The meeting will serve as a coming out party of sorts for Liddell, and could answer prospective investor questions about whether he is a worthy candidate to succeed Whitacre, Keller said.


"This is his first major in-person presentation to a very, very large audience," she said. "One question any prospective investor would ask is 'Who's going to run the business in the future?' At some point, when Mr. Whitacre declares he's finished and his work is done, do they have his replacement inside the company?"

More Industry

Hyundai logo and 40 Years in America in front of a starry background
Industryby Lauren LawrenceMarch 5, 2026

Hyundai Celebrates U.S. Milestone

The South Korean automaker said it supports 570,000 jobs in the U.S. with a planned investment of $26 billion between 2025 and 2028, according to President and CEO José Muñoz.

Read More →
Showroomby Lauren LawrenceMarch 4, 2026

Used-Vehicle Program Aims to Draw More Buyers

GM says more than 750 dealers across the U.S. are enrolled in CarBravo and that in January CarBravo dealers sold over two times the certified volume of Chevrolet, Buick and GMC dealers using traditional CPO.

Read More →
Industryby Hannah MitchellMarch 2, 2026

Meet the Editor: Hannah Mitchell

A longtime newspaper journalist, Bobit Dealer Group's editor was raised on news back in the South. Now she brings that news-hound ethic to our four auto retail magazines.

Read More →
Ad Loading...
Summit Updatesby StaffMarch 2, 2026

Enhance Your Dealer's F&I Workflow at Agent Summit

This session is designed to equip general agents with actionable strategies that can help their dealers enhance the efficiency of financial services managers.

Read More →
Industryby Hannah MitchellMarch 2, 2026

Auto Brands Hold the Line on Retention

A flat national rate despite inflation and other financial challenges shows industry loyalty stability, annual Reynolds and Reynolds research finds.

Read More →
F&Iby Lauren LawrenceFebruary 27, 2026

Price Driving Insurance Churn

Over half of insurance holders ages 18 to 29 reported to be 'somewhat' likely to change providers in the next 90 days, according to CivicScience, which found that interest was lower among older age groups.

Read More →
Ad Loading...
Industryby Lauren LawrenceFebruary 26, 2026

AI Drives Dealer Website Traffic

Total visits to dealer websites from generative artificial intelligence platforms grew more than 15 times year-over-year, signaling a shift in how many consumers shop for cars online.

Read More →
Industryby Hannah MitchellFebruary 26, 2026

Automakers Tops in Fuel Economy

In the U.S., Honda has the most efficient gas-electrified combo lineup while Tesla beats all automakers in annual EPA ranking as brands built their alternative-fuel offerings.

Read More →
Industryby Lauren LawrenceFebruary 25, 2026

Report Finds Year-End F&I Strength

Deal volume ebbed and flowed throughout 2025, but product performance remained steady, according to automotive technology and data intelligence solutions provider StoneEagle.

Read More →
Ad Loading...
Industryby Hannah MitchellFebruary 24, 2026

Overall Consumer Confidence Up

Americans’ view of present business conditions, the labor market and family finances, though, are still in the dumps, and if they plan to buy cars, many target used units.

Read More →