Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWPP Share News (WPP)

Share Price Information for WPP (WPP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
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
WPP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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)

More News
8 Sep 2022 09:22

LONDON BROKER RATINGS: Morgan Stanley cuts ITV to 'underweight'

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

Read more
1 Sep 2022 09:55

WPP buys Netherlands-based e-commerce consultancy Newcraft

(Alliance News) - WPP PLC on Thursday said it is buying Newcraft Group BV, a European e-commerce consultancy based in the Netherlands, for an undisclosed sum.

Read more
1 Sep 2022 07:02

WPP acquires Dutch e-commerce consultancy

(Sharecast News) - Communications and advertising giant WPP revealed on Thursday that it will acquire European e-commerce consultancy Newcraft for an undisclosed sum.

Read more
31 Aug 2022 09:54

LONDON BROKER RATINGS: Berenberg likes Workspace, less keen on peers

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

Read more
8 Aug 2022 09:37

LONDON BROKER RATINGS: JPMorgan raises L&G but cuts M&G and Phoenix

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

Read more
5 Aug 2022 17:31

Heat stroke: A jobs report deep dive

HEAT STROKE: A JOBS REPORT DEEP DIVE (1229 EDT/1429 GMT) As a heatwave persisted across much of the United States, the Labor Department's highly anticipated employment report tossed gasoline on the fire, suggesting the U.S. economy is running hot enough to withstand all the interest rate hikes the Federal Reserve has been and is expected to keep throwing at it.

Read more
5 Aug 2022 17:19

FTSE 100 dented by Wall St losses, plunge in ad firm WPP

Aug 5 (Reuters) - Britain's FTSE 100 closed lower on Friday as Wall Street slipped after strong jobs data raised fears about faster U.S. interest rate hikes, but a weakening pound helped the UK blue-chip index log its third consecutive week of gains.

Read more
5 Aug 2022 17:06

LONDON MARKET CLOSE: Stocks edge lower after blowout US jobs report

(Alliance News) - Stocks in London ended lower on Friday after the unexpectedly strong US jobs report boosted the odds of further aggressive interest rate hikes by the Federal Reserve.

Read more
5 Aug 2022 16:02

Quality stocks shine during earnings season

QUALITY STOCKS SHINE DURING EARNINGS SEASON (0943 GMT)

Read more
5 Aug 2022 12:04

LONDON MARKET MIDDAY: Markets subdued ahead of US jobs report

(Alliance News) - London's FTSE 100 index struggled to make headway on Friday, not helped by a weaker Brent price hitting oil majors, as investors shied away from big moves in the run-up to the latest US jobs report.

Read more
5 Aug 2022 10:56

Quality stocks shine during earnings season

QUALITY STOCKS SHINE DURING EARNINGS SEASON (0943 GMT)

Read more
5 Aug 2022 10:02

LONDON BROKER RATINGS: Jefferies cuts Go-Ahead, Mediclinic to 'hold'

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

Read more
5 Aug 2022 09:01

TOP NEWS: WPP raises annual outlook and lifts interim payout by 20%

(Alliance News) - WPP PLC on Friday upped its annual outlook as both interim revenue and profit rose by double-digit percentages, and it also lifted its dividend by 20%.

Read more
5 Aug 2022 08:58

LONDON MARKET OPEN: Stocks mixed as attention turns to US nonfarms

(Alliance News) - European equities made an uncertain start to the Friday session, with investors awaiting the latest US jobs report with "bated breath".

Read more
5 Aug 2022 08:56

STOXX flat as traders await for U.S. job data

STOXX FLAT AS TRADERS AWAIT FOR U.S. JOB DATA (0744 GMT)

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.