GM investor day Friday January 11th

[Bikerjulio]

Looks like it's going to be an announcement that Caddy will be their lead EV badge.

WASHINGTON (Reuters) - Cadillac is expected to become General Motors Co's <GM.N> lead electric vehicle brand as the largest U.S. automaker gears up to introduce a new model under that luxury marquee to challenge Tesla Inc <TSLA.O>, two people briefed on the matter said Thursday.

GM is set to announce Friday as part of an investor update that a Cadillac will be the first vehicle based on its forthcoming "BEV3" platform, the people said. The vehicle platform is the basis for vehicle underpinnings, including the battery system and other structural and mechanical parts.

Story here https://finance.yahoo.com/m/b0310518...-cadillac.html

And this from Bloomberg:

Whatever financial guidance or product announcements GM may have in store, analysts are more interested in the bigger picture. U.S. carmakers are navigating a fast-changing global industry, with China, the biggest market in the world, mired in a slump, and trade wars weighing on demand. They’re also dealing with rapidly evolving consumer preferences and the steady advent of electric and self-driven vehicles.

The shifting industry dynamics have prompted analysts to suggest automakers rethink the old way of doing business. The ideas range from name and brand changes to large-scale mergers, spinoffs and restructuring.

https://ca.finance.yahoo.com/news/gm...181240408.html

Meanwhile my ownership stake has declined in value somewhat. Hope the stock perks up today.

(for those that missed it, I recently became a big time holder of GM stock and expect to be invited onto the board any day now )

[Boomer]

Meanwhile my ownership stake has declined in value somewhat. Hope the stock perks up today.

Yup ur doing better. GM up 8.35% today!

GM Stock Jumps As General Motors Forecasts Strong 2019 Earnings

[Bikerjulio]

Well, the good news is that I cashed out with a nice profit (the old day trader in me kicked in. plus I was dubious about becoming a longer term investor. too many negatives with autos in general)

I guess I can forget about that seat on the board now.

[Boomer]

Probably good move on your part. I'm always somewhat skeptical of economic/earnings forecasts. Predicting the future of such things can be a crapshoot.

[John]

Here is the official GM Press Release:

[Bikerjulio]

No mention of out favourite subject though. In fact it hardly seems to fit within this vision.

[John]

GM noted earlier that by 2025 (I believe that was the date), that they would be down to four platforms, yet specifically mentioned niche vehicles are being an exception. IMO, our favorite subject will be here, in customer hands, early next year. Interesting from our current pole, that every single option was selected, showing how confused we are are as to when it will be here.

I would love to be wrong and have first customers driving it this fall.

[Mobius]

No mention of out favourite subject though. In fact it hardly seems to fit within this vision.

Interesting point; perhaps when the C8 is revealed GM will also provide a tease about the long-rumored 1000HP C8 Hybrid...

[John]

To do so would be a massive change from GM past practice. My expectation is that when the first year’s C8 is revealed, we learn absolutely zero about even the Z06 model, and when the Z06 model is revealed, we would similar learn absolutely zero about the ZORA version.

In fact if past practice is again what they do at the C8’s reveal, if they would then only reveal the coupe initially, they would not even mention they HT convertible version; and, when asked about the HT convertible in the follow Q&A session, we would again hear that oft-repeated, familiar seven words, “we do not discuss potential future product.”