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March 30, 2015 10:14 PM 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 Executive Officer of Saab Automobile and President of Saab Automobile
Vice President and General Counsel
Head of Design
Chairman of U K Operations
Managing Director of Vauxhall
Compensation as of Fiscal Year 2014.

General Motors Europe AG Key Developments

GM Europe Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

GM Europe (gme) reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported LBIT-adjusted of $0.4 billion, which includes $0.1 billion for restructuring costs. This compares with $0.4 billion in 2013, which also included $0.1 billion in restructuring costs. Total net sales and revenue was $5,415 million against $5,708 million a year ago. Expenditures for property were $300 million against $256 million a year ago. For the full year, LBIT-adjusted was $1.4 billion, which includes $0.7 billion in restructuring costs. This compares with LBIT-adjusted of $0.9 billion in 2013, which included $0.2 billion in restructuring costs. Total net sales and revenue was $22,235 million against $21,962 million a year ago. Expenditures for property were $887 million against $818 million a year ago.

GM Europe Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

GM Europe announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported negative EBIT-adjusted of $387 million against $238 million a year ago. For the nine months, the company reported negative EBIT-adjusted of $976 million against $504 million a year ago.

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.

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