CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / Feature / GM Plans $6 Billion Revenue Goal for OnStar Insurance by 2030

GM Plans $6 Billion Revenue Goal for OnStar Insurance by 2030

October 8, 2021 By CollisionWeek Editor

Vehicle manufacturer details goals to market insurance products and transform claims and parts procurement through its ecosystem of dealers and certified repair facilities.

General Motors Co. (NYSE: GM) provided a detailed roadmap of how the company plans to double its annual revenue and expand margins to 12 to 14 percent by 2030, as a result of GM’s transformation into a growth company driven by EVs, connected services and new businesses such as OnStar Insurance that was launched last year.

During presentations for investors, the vehicle manufacturer detailed a goal to grow the OnStar Insurance business to $6 billion annually

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: Feature Tagged With: American Family, General Motors, OnStar Insurance

Comments

  1. bobsmith@storminc.com says

    October 8, 2021 at 1:21 pm

    And we thought we had problems before….God help us now.

Connect

  • Email
  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems BASF Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Collision Repair Education Foundation Coronavirus Diagnostics Donations Earnings Florida General Motors I-CAR Insurance Auto Auctions Lawsuits legislation LKQ Corporation Mitchell International National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Scholarships Service King Collision Repair Centers Texas United Kingdom Workforce Development

Recent Articles

  • March Total New-Vehicle Sales Pace Projected to Increase Over Last Year March 24, 2023
  • Fix Auto USA Adds Collision Repair Center to Network in Tujunga, California March 24, 2023
  • LKQ Europe Partners with European Council for Motor Trades and Repairs March 24, 2023
  • Universal Technical Institute Announces Purchase of Primary Buildings for Orlando Campus March 24, 2023
  • Legislation to Limit Length of Automotive Design Patents Re-Introduced in U.S. House of Representatives March 23, 2023
  • Coalition of 23 State Attorneys General Urge Kia and Hyundai to Address Vehicle Theft Issues March 23, 2023
  • GHSA, Ford Fund Provide Grants to States to Advance Safe, Equitable Mobility for Teens March 23, 2023

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2023 - QuanDec Corporation - All Rights Reserved ยท Log in