News from GM Europe

Media Advisory: GM Q3-2008 Financial Results to be published Nov. 7
 

November 6, 2008Print this page

General Motors will post its Q3 2008 financial results press release, financial statements and operating statistics, and financial charts on its investor website http://investor.gm.com in the Earnings Releases section at approximately 16:30 h CET on November 7, 2008.

GM Vice President and GM Europe President, Carl-Peter Forster, will be in Russia on Friday, November 7, where he will - joined by the Russian government - open GM's new and flexible $300 million assembly plant in Shushary, near St. Petersburg. This plant has capacity for 70,000 cars and will produce Opel Antaras, Chevrolet Captivas and as of next year also Chevrolet Cruzes for the Russian market. Carl-Peter Forster is planning to publish a blog post on Friday to provide his perspective on GM's European financial results. Please check back at http://drivingconversations.gmblogs.com/ on Friday, November 7 after 16:30 h CET.

GM will be holding a global analyst/media conference call to review and discuss its Q3 2008 earnings on Friday, November 7, 2008 at 18:15 h CET. The conference call will be hosted by Ray G. Young, GM Executive Vice President & Chief Financial Officer. The call will include a review of the company’s third quarter financial results, an update on liquidity analysis and initiatives, and a question-and-answer session with financial analysts and media. The conference call is expected to last approximately 90 minutes.

To access the conference call, please dial +1-416-641-6283 for international access, 10 minutes prior to the start time and ask to be connected to the General Motors conference call.

A taped replay of this call will be made available from 21:00 h CET, November 7, 2008, until 21:00 h CET on November 11, 2008. Please dial +1-402-977-9140 for international access and enter reservation number 21398615 to access the taped replay.

We will also webcast the conference call live on our investor website http://investor.gm.com in the Earnings Releases section. A replay of the webcast will also be made available.

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1. Jean-Charles Jacquemin says:
   
   #1 2008-11-06 17:11 (Reply)

   This announcement is quite disturbing, never on this blog, we got such a news.
   
   Knowing how auto sales have decreased in the last month in North America and in Western Europe, I fear the worst : that is a situation in which our hopes for new EFlex electric vehicles from GM in the next future could never be satisfied.
   
   Let's hope that if some development is still possible, it will be done at first in this sector and let's hope that the GM financial problems in the USA will not jeopardize the European branches.

2. Keith Childs says:
   
   #2 2008-11-07 11:22 (Reply)

   When we started the social media newsroom we focused on product news, but we decided to add our corporate news too as it's clear this also generates online commentary. I'm sorry you find it disturbing, but we routinely publish media advisories on our media sites. In fact, before every quarterly earnings release we publish a media advisory. This is important for those who like to report news the moment it is released and, in the case of financial reporting, announces conference dial-in details for analysts and media requiring more information. As for GM Europe, I'm sure Carl-Peter Forster will provide some interesting commentary in the post he is planning for the Driving Conversations blog later today (http://drivingconversations.gmblogs.com).
   
   Keith Childs
   GM Europe Communications

3. Jean-Charles Jacquemin says:
   
   #2.1 2008-11-07 14:27 (Reply)

   Thanks Keith for your explanation.
   I should have been clearer. What is disturbing me is not the subject : we appreciate the transparency of the quick publication of quarterly results. But it is the conjunction of the news we get from across the Atlantic Ocean and, IMHO, the importance of the event as stated (even implicitly) in the post.
   Be sure I am very interested and I'll wait impatiently for the post from Carl-Peter Forster and the views he could express on the future of the European branches of GM. Thanks again.

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In reply to	[ Top level ]#1: Jean-Charles Jacquemin on 2008-11-06 17:11 #2: Keith Childs on 2008-11-07 11:22   #2.1: Jean-Charles Jacquemin on 2008-11-07 14:27
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