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

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General Motors : HOLDEN CONFIRMS GAME-CHANGING ONSTAR TECHNOLOGY COMING IN 2019

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10/06/2017 | 12:15am CET
  • Safety, Security and Connectivity - OnStar to revolutionise customer experience
  • Holden to become the regional hub for OnStar in Asia Pacific, with Australia the first country to come on-line
  • Australian-based call centre to offer the human touch OnStar is renowned for

GM started the connected car revolution 20 years ago, with the launch of OnStar and continues to deliver innovative solutions at a scale unmatched by anyone in the industry. Now Holden has confirmed that cutting-edge OnStar technology will be rolled out across the Holden portfolio from 2019 - offering customers connectivity and peace of mind like no other brand. Holden will be launching OnStar in 2019 initially with the Equinox SUV and then progressively rolling the technology out across all Holden products

Originally launched in North America in 1996, OnStar offers emergency, security, navigation, connections and vehicle manager services and will be available in Holden vehicles through a subscription model. OnStar serves nearly 13 million members in the U.S., Canada, China, Mexico, Europe and South America. Offering a range of standard, subscription and a la carte services such as the MyBrand mobile app, Advanced Diagnostics, Automatic Crash Response, Stolen Vehicle Assistance, AtYourService, OnStar Smart Driver and 4G LTE Wi-Fi.

In 2016, OnStar surpassed 1.5 billion customer interactions and leads the industry with nearly six million 4G LTE Wi-Fi equipped-vehicles world-wide.

OnStar offerings are broken into five key streams:

Emergency:

Automatic Crash Response, Emergency Services, Crisis Assist and Roadside Assistance

Security:

Stolen Vehicle Assistance, including Remote Ignition Block, Stolen Vehicle Slowdown, and Theft Alarm Notification, Family Link

Navigation & Commerce

Turn-By-Turn Navigation and the 'At Your Service' Marketplace

Connectivity:

OnStar with 4G LTE and Wi-Fi Hotspot and Hands-Free Calling.

Vehicle Management:

Advanced Diagnostics, OnStar Smart Driver, Remote Access and Location Manager

OnStar will offer Australian customers a proven automatic crash and emergency response feature, the ultimate peace of mind, utilising GPS satellites and enhanced mobile capability to provide greater accuracy of location and greater coverage to get emergency services to customers wherever they need them.

OnStar will also provide unmatched security with the ability to protect your vehicle by providing alerts should the vehicle move away from its defined location, ignition blocking, and remote slow-down of confirmed stolen vehicles.

Providing real-time health checks of your vehicle to better tailor maintenance requirements to your specific driving conditions, and allows customers to use their mobile phone to monitor and track the health and service requirements of their vehicles via the MyHolden app.

The convenience of being able to remotely lock and unlock your vehicle wherever you might be in the world as well as assistance in helping you to find your vehicle in a crowded car park not just through location but by remote activation of the vehicle horn and hazard flashers

Furthermore, OnStar provides the ability to become a safer and more fuel-efficient driver by obtaining direct feedback on your driving style and techniques.

For fleet users, Holden will be able to provide a range of services to assist companies to promote a safe workplace when employees are in vehicles as well as full telematics capability.

'While OnStar uses very powerful and advanced technologies to deliver its services in the car and via the web and smart devices, it is simple and easy for the customer to use,' said Peter Keley, Managing Director, OnStar General Motors International.

'OnStar's human touch is what makes it unique and differentiates it from other telematics services in the market. And the above is just the beginning. Once we connect you to your car remotely the possibilities to create experiences that make your drive more enjoyable and the way that we can enhance the usage of your time are endless.

'This is an important step as we will continue to grow GM's connected vehicle solutions in this region of the world in the coming years,' said Mr Keley.

Additional information about availability of Holden vehicles sold in Australian with OnStar service and pricing will be announced in due course.

At a glance, OnStar is planning to offer the following services in Australia as a minimum:

• Automatic Crash Response
• 24/7 Emergency Services
• Stolen Vehicle Assistance
• Vehicle Diagnostics
• MyHolden Mobile Application
• Remote Start and Door Unlock
• In-vehicle 4G LTE Wi-Fi internet hotspots with ability to connect up to seven devices

To stay up to date with Holden news, connect with Holden:

Media Note

For media inquiries, contact:

Sean Poppitt
Director - Communications
GM Holden
Tel: +61 3 9647 5482
Mob: +61 427 173 336

GM - General Motors Company published this content on 06 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 October 2017 22:14:06 UTC.

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Sales 2017 145 B
EBIT 2017 12 125 M
Net income 2017 6 705 M
Finance 2017 5 604 M
Yield 2017 3,72%
P/E ratio 2017 9,83
P/E ratio 2018 7,27
EV / Sales 2017 0,37x
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Capitalization 59 686 M
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General Motors Corporation Technical Analysis Chart | GM | US37045V1008 | 4-Traders
Technical analysis trends GENERAL MOTORS CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 46,8 $
Spread / Average Target 11%
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NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Daniel Ammann President
Randall D. Mott Chief Information Officer & Senior Vice President
Patricia Fiorello Russo Independent Director
Carol M. Stephenson Independent Director
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