Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  General Motors Corporation    GM

GENERAL MOTORS CORPORATION (GM)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

General Motors Company : Chevrolet to Oversee Restoration of Damaged Vintage Corvettes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/13/2014 | 11:56pm CEST

Chevrolet will oversee the restoration of eight vintage Corvettes that were damaged falling into a sinkhole that opened inside the National Corvette Museum, General Motors said Thursday.

The sinkhole opened under the floor of the museum's skydome area early Wednesday morning.

Officials were alerted to the sinkhole--estimated to be 40 feet across and 25 to 30 feet deep--after security alarms were triggered at 5:45 a.m., according to the museum's website. The museum is located in Bowling Green, Ky.

A structural engineer was called to assess the situation.

The affected vehicles include a 1993 ZR-1 Spyder and 2009 ZR1 Blue Devil, both on loan from General Motors Co. The remaining cars--owned by the museum--include a 1962 Black Corvette, 1984 PPG Pace Car, 1992 White 1 Millionth Corvette, 1993 Ruby Red 40th Anniversary Corvette, 2001 Mallett Hammer Z06 Corvette and 2009 White 1.5 Millionth Corvette.

The restoration process will be managed by General Motors Design in Warren, Mich., and will be overseen by Ed Welburn, vice president of GM Global Design, according to the company.

"The vehicles at the National Corvette Museum are some of the most significant in automotive history," said Mark Reuss, executive vice president of global product development at GM. "There can only be one 1-millionth Corvette ever built."

GM said once the cars are recovered, they will be shipped to a small specialty shop within GM Design, where the best restoration approach will be determined.

Images of the destruction began lighting up Twitter on Wednesday. The most detailed photo shows a large section of the gray-carpeted floor pulled away and two Corvettes sitting vertically in the middle of the sinkhole.

The skydome exhibit area is a separate structure that is connected to the main museum. Both were closed to the public Wednesday. The museum is located across the street from GM's Corvette assembly plant.

Write to Erin McCarthy at [email protected] and Jeff Bennett at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL MOTORS CORPORATION
04/19GENERAL MOTORS CO : Change in Directors or Principal Officers, Financial Stateme..
AQ
04/19PEUGEOT : Opel labor leaders fear Eisenach plant workforce could halve
RE
04/19PEUGEOT : Opel labour leaders fear Eisenach plant workforce could halve
RE
04/19Peugeot boss faces toughest adversary yet in IG Metall
RE
04/19GENERAL MOTORS : eBay CEO Devin Wenig Elected to GM Board of Directors
PR
04/19GENERAL MOTORS : 2019 Corvette ZR1 To Pace 102nd Indianapolis 500
PU
04/19GENERAL MOTORS : GM Korea, union fail to reach agreement before Friday deadline
RE
04/19GENERAL MOTORS : GM, supplier plant file notifications
AQ
04/19GENERAL MOTORS : Can GM Korea avoid bankruptcy? Company says deal deadline is Fr..
AQ
04/19GENERAL MOTORS : As GM mulls options for unit, how does bankruptcy work in South..
RE
More news
News from SeekingAlpha
04/19GM's showdown in South Korea ratchets up 
04/18An Inside Look Into My Portfolio Strategy And Holdings 
04/18GM picks new boss for Cadillac 
04/17Meet the electric/autonomous vehicle ETF 
04/17Tesla's Build Quality Remains High 
Financials ($)
Sales 2018 144 B
EBIT 2018 11 299 M
Net income 2018 8 857 M
Finance 2018 5 757 M
Yield 2018 4,02%
P/E ratio 2018 6,23
P/E ratio 2019 6,13
EV / Sales 2018 0,34x
EV / Sales 2019 0,33x
Capitalization 54 522 M
Chart GENERAL MOTORS CORPORATION
Duration : Period :
General Motors Corporation Technical Analysis Chart | GM | US37045V1008 | 4-Traders
Technical analysis trends GENERAL MOTORS CORPORATION
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 47,5 $
Spread / Average Target 22%
EPS Revisions
Managers
NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Daniel Ammann President
Charles K. Stevens Chief Financial Officer & Executive Vice President
Randall D. Mott Chief Information Officer & Senior Vice President
Patricia Fiorello Russo Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL MOTORS CORPORATION-5.03%54 522
TOYOTA MOTOR CORP-5.16%210 690
VOLKSWAGEN4.75%107 672
DAIMLER-7.87%86 362
BAYERISCHE MOTOREN WERKE4.57%73 037
HONDA MOTOR CO LTD-5.96%62 672