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Share Price: 816.80
Bid: 820.40
Ask: 820.80
Change: -4.20 (-0.51%)
Spread: 0.40 (0.049%)
Open: 822.20
High: 828.00
Low: 816.80
Prev. Close: 821.00
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GM appeals to American patriotism to sell new Silverado

Tue, 02nd Jul 2013 04:00

By Ben Klayman

DETROIT, July 2 (Reuters) - Chevrolet's marketing campaignfor its redesigned Silverado pickup truck is the U.S.automaker's latest attempt to appeal to American patriotism, ina vehicle segment where its offering has been the oldest on theblock.

General Motors Co's ad campaign, dubbed "Strong,"will launch on Thursday in Texas - the largest pickup market inthe country - and nationally during Major League Baseball'sAll-Star game on July 16 and the home run derby the day before.

Using a song by Grammy-nominated singer Will Hoge, thecompany is linking its trucks to such values as independence andcommitment to family. The campaign calls to mind the "Like aRock" ads that included music by American rock star Bob Segerthat Chevy used to sell the Silverado from the early 1990s to2004.

"We have a great opportunity now with this new truck," ChrisPerry, vice president of Chevy marketing in the United States, told reporters. "We've been competing with the oldest truck inthe market place."

The 2014 Silverado and GMC Sierra full-size pickups, lastredesigned in 2006, are the most important vehicle introductions for the Detroit automaker since its bankruptcy and $450 billionU.S. taxpayer-funded bailout in 2009.

While declining to reveal how much GM is spending on themarketing for the new Silverado's launch, Perry called it thebiggest for GM in at least five or six years and more than thecompany spent when it last redesigned the truck. Last year, GMspent almost $351 million to market the Silverado in the U.S.market, up 29 percent from 2011, according to Kantar Media, aunit of ad giant WPP Plc.

The initial ad is backed by song "Strong" - performed byHoge - which includes images of actual Silverado owners usingtheir trucks on farms, lumber yards and other work sites, aswell as at family events like a son's baseball game. "Ain'tnuthin' gonna knock him off the road he's rollin' on," Hogesings of the truck's owners, many shown with craggy, weatheredfaces.

Perry said the initial spot, shot by Academy award-winningcinematographer Robert Richardson, is meant to hit emotionalthemes that GM and its rivals at Ford Motor Co andChrysler Group LLC have not in recent years. He said GMsees an opportunity to take back the "soulfulness" of the pickupcategory.

With the tagline, "Strong for all the roads ahead," it alsois meant to play off Chevy's new global ad tagline, "Find NewRoads," he said. That global campaign, launched in January, isGM's first attempt at a global message for thebrand.

The new Silverado campaign will start with the emotionalmessage, but also include several spots that emphasize thetruck's features, including fuel efficiency and towing capacity,Perry said. That will make Chevy dealers happy.

"What their plan is and what mine would be is saying they'reabsolutely going to focus on the superiority of this drivetrain," said Don Kerstetter, owner of Classic Chevrolet SugarLand outside Houston. Texas accounts for one of every six truckssold in the United States.

The initial spot, which will also debut as a digitaldownload and music video, was produced by Chevy's global adagency Interpublic Group's Commonwealth, while LeoBurnett of Publicis handled all the other marketing,Perry said. The campaign will include social media and eventswhere customers can see and touch the new truck, includingNASCAR races, baseball games, concerts and gun shows.

The Silverado and Sierra are key to GM's ongoing battle withFord, whose F-150 truck is the auto industry's top-sellingvehicle. GM's rollout will continue through this year and intonext as it introduces different models of the big trucks andcompanion full-size SUVs.

GM's current big trucks and related SUVs, which generate morethan $12,000 per vehicle in profit, account for about 60 percentof the company's global profit, according to analysts. Citi hasestimated the new models could bring the automaker more than $1billion in additional operating earnings in 2013 and 2014. (Additional reporting by Joseph Lichterman in Detroit; Editingby Steve Orlofsky)

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8 Nov 2022 09:51

IN BRIEF: WPP appoints Britvic's Wilson as CFO after Rogers resigns

WPP PLC - London-based advertising and communications company - Says Chief Financial Officer John Rogers to step down from role, and as an executive director of the board, following the finalisation of the 2022 Annual Report & Accounts next year.

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8 Nov 2022 07:29

WPP taps Britvic's Joanne Wilson for CFO

(Sharecast News) - Advertising group WPP said on Tuesday that chief financial officer John Rogers had decided to step down from the company following the finalisation of its full-year results.

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8 Nov 2022 07:09

WPP CFO Rogers to be replaced by Britvic finance boss Wilson

LONDON, Nov 8 (Reuters) - Advertising giant WPP said finance director, John Rogers, would step down next year, to be replaced by the CFO at drinks company Britvic, Joanne Wilson.

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4 Nov 2022 10:15

LONDON BROKER RATINGS: Liberum cuts British Land; Exane cuts Sainsbury

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

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4 Nov 2022 08:57

Berenberg lowers target price on WPP

(Sharecast News) - Analysts at Berenberg lowered their target price on media giant WPP from 915.0p to 864.0p on Friday after the group's Q3 growth was "softer than the whisper".

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27 Oct 2022 10:14

LONDON BROKER RATINGS: Kepler Cheuvreux starts Haleon at 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday afternoon:

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27 Oct 2022 07:52

LONDON BRIEFING: Shell back in black; Lloyds income growth "robust"

(Alliance News) - Another poor set of quarterly figures from a big US tech stock, this time Facebook-owner Meta Platforms, means European markets were set to open lower on Thursday, while traders await the latest interest rate decision by the European Central Bank.

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26 Oct 2022 12:16

LONDON MARKET MIDDAY: Strong sterling growth holds FTSE 100 back

(Alliance News) - The FTSE 100 stock index extended its decline at midday on Wednesday, suffering at the hands of a surging pound, which reached as high as USD1.16.

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26 Oct 2022 09:07

TOP NEWS: WPP ups full-year revenue guidance on "strong momentum"

(Alliance News) - WPP PLC on Wednesday lifted annual top-line guidance after a strong rise in third-quarter revenue.

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26 Oct 2022 08:49

LONDON MARKET OPEN: Sterling climbs above USD1.15, euro above parity

(Alliance News) - London's FTSE 100 index moved lower at the open on Wednesday, as the pound continued to climb higher on the potential for the stability that a Rishi Sunak premiership could bring to Westminster.

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26 Oct 2022 07:51

LONDON BRIEFING: Barclays and StanChart quarterly profit improves

(Alliance News) - Stock prices in London were called to open slightly lower on Wednesday, after Alphabet and Microsoft shares were sold off in after-hours trading in New York on Tuesday, putting a cloud over European markets.

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26 Oct 2022 07:01

WPP Q3 revenues up 10% YOY amid 'broad-based growth'

(Sharecast News) - Advertising giant WPP said on Wednesday that third-quarter revenues had surged, reflecting "broad-based growth" across its agencies, markets and industry sectors.

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25 Oct 2022 15:55

UK dividends calendar - next 7 days

Wednesday 26 October 
Ecora Resources PLCdividend payment date
Midwich Group PLCdividend payment date
Morgan Sindall Group PLCdividend payment date
Smith & Nephew PLCdividend payment date
Thursday 27 October 
AEW UK REIT PLCex-dividend payment date
Balfour Beatty PLCex-dividend payment date
Bankers Investment Trust PLCex-dividend payment date
Brunner Investment Trust PLCex-dividend payment date
City of London Investment Trust PLCex-dividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
CQS New City High Yield Fund Ltdex-dividend payment date
D4T4 Solutions PLCspecial dividend date
Dechra Pharmaceuticals PLCex-dividend payment date
Ferguson PLCex-dividend payment date
Fidelity Asian Values PLCex-dividend payment date
FW Thorpe ex-dividend payment date
Headlam Group PLCex-dividend payment date
Henderson Far East Income Ltdex-dividend payment date
Law Debenture Corp PLCdividend payment date
Learning Technologies Group PLCdividend payment date
MJ Gleeson PLCex-dividend payment date
Morgan Advanced Materials PLCex-dividend payment date
Mulberry Group PLCex-dividend payment date
Next Fifteen Communications Group PLCex-dividend payment date
Wilmington PLCex-dividend payment date
Friday 28 October 
abrdn Latin American Income Fund Ltddividend payment date
abrdn Private Equity Opportunities Trust PLCdividend payment date
abrdn Smaller Companies Income Trust PLCdividend payment date
abrdn UK Smaller Companies Growth Trust PLCdividend payment date
AG Barr PLCdividend payment date
Computacenter PLCdividend payment date
Essentra PLCdividend payment date
Fidelity European Trust PLCdividend payment date
Gateley Holdings PLCdividend payment date
Gresham House PLCdividend payment date
Henderson High Income Trust PLCdividend payment date
Hipgnosis Songs Fund Ltddividend payment date
Hunting PLCdividend payment date
Kainos Group PLCdividend payment date
Keywords Studios PLCdividend payment date
Martin Currie Global Portfolio Trust PLCdividend payment date
Mears Group PLCdividend payment date
North American Income Trust PLCdividend payment date
Pantheon Infrastructure PLCdividend payment date
Petershill Partners PLCdividend payment date
Rightmove PLCdividend payment date
RIT Capital Partnersdividend payment date
Ruffer Investment Co Ltddividend payment date
Safestyle UK PLCdividend payment date
Securities Trust of Scotland PLCdividend payment date
Shires Income PLCdividend payment date
Smart Metering Systems PLCdividend payment date
Smurfit Kappa Group PLCdividend payment date
Ten Entertainment Group PLCdividend payment date
Unite Group PLCdividend payment date
Value and Indexed Property Income Trust PLCdividend payment date
Videndum PlCdividend payment date
Monday 31 October 
Aquila Energy Efficiency Trust PLCdividend payment date
CT Private Equity Trust PLCdividend payment date
European Assets Trust PLCdividend payment date
Life Science REIT PLCdividend payment date
Lowland Investment Company PLCdividend payment date
Tuesday 1 November 
DS Smith PLCdividend payment date
F&C Investment Trust PLCdividend payment date
Mercantile Investment Trust PLCdividend payment date
WPP PLCdividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved. 

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19 Oct 2022 15:39

UK earnings, trading statements calendar - next 7 days

Thursday 20 October 
AJ Bell PLCTrading Statement
Bunzl PLCQ3 Results
Centamin PLCQ3 Results
Dechra Pharmaceuticals PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
International Personal Finance PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Luceco PLCTrading Statement
Nanoco Group PLCFull Year Results
National Express Group PLCTrading Statement
Relx PLCTrading Statement
RPS Group PLCTrading Statement
Schroder AsiaPacific Fund PLCQ3 Results
Schroder British Opportunities TrustTrading Statement
Schroders PLCTrading Statement
Segro PLCTrading Statement
SigmaRoc PLCTrading Statement
St James's Place PLCQ3 Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
XPS Pensions Group PLCTrading Statement
Friday 21 October 
Deliveroo PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Record PLCTrading Statement
SIG PLCTrading Statement
Wickes Group PLCTrading Statement
Monday 24 October 
Bioventix PLCFull Year Results
Dr Martens PLCHalf Year Results
Pearson PLCQ3 Results
Schroder BSC Social Impact Trust PLCFull Year Results
Tuesday 25 October 
HSBC Holdings PLCQ3 Results
Petra Diamonds LtdTrading Statement
Shoe Zone PLCTrading Statement
Softcat PLCFull Year Results
THG PLCTrading Statement
Tristel PLCFull Year Results
Whitbread PLCHalf Year Results
Wednesday 26 October 
Barclays PLCQ3 Results
Bloomsbury Publishing PLCHalf Year Results
Bytes Technology Group PLCHalf Year Results
Ecora Resources PLCTrading Statement
Elementis PLCTrading Statement
Essentra PLCTrading Statement
Fresnillo PLCQ3 Results
Oakley Capital Investments LtdTrading Statement
Reckitt Benckiser Group PLCQ3 Results
RWS Holdings PLCTrading Statement
Standard Chartered PLCQ3 Results
Virgin Wines UK PLCFull Year Results
WPP PLCTrading Statement
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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18 Oct 2022 09:27

CORRECT: LONDON MARKET OPEN: Risk appetite recovers; Publicis rises

(Correcting to clarify that there has been a report of a potential delay to a Bank of England bond sale programme.)

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