General Motors
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LaNeve: GM's Sales Slide has "Bottomed Out" General Motors Corp. U.S. sales decline has “bottomed out,” marketing chief Mark LaNeve told reporters in New York on Wednesday, and the company hopes to end a four-year slide in U.S. market share next year. “If we grow a tenth of a point next year, I’ll be thrilled out of my mind,” LaNeve said, according to a report from Bloomberg News. GM is counting on new SUVs and redesigned cars, pickups and SUVs to stop the fall, LaNeve said. CEO Rick Wagoner is to brief reporters and industry consultants on GM’s restructuring and plans for new models later today at a meeting in Detroit. Detroit Free Press
Last reply by sciguy_0504, -
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abc news boy, these envirowhackos have balls. and no tact or diplomacy skills.
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Rollover Airbags in All GMs by 2012 With a heart-pounding launch of a dark red Buick Ranier SUV traveling 44 mph off a one-wheel ramp, General Motors Corp. today will unveil its state-of-the-art $10.2 million rollover testing facility in Milford. [...] GM also will announce today that by 2012, it will make rollover-enabled air bags standard on all retail vehicles. Currently, the air bags are on 43 percent of light trucks and SUVs. At the new testing facility at its Milford Proving Grounds, GM will perform 150 rollover tests next year in an effort to better understand rollover crashes, unpredictable events that account for less than 3 percent of all crashes but 25 perce…
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http://chirpthird.com/vb/showthread.php?t=6786
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Link Report: Kerkorian sells full stake in GM General Motors' Corp.'s painful process of reinventing itself apparently will continue without Kirk Kerkorian, whose ownership of almost 10 percent of the world's largest automaker failed to become a lever for the changes he sought. The Wall Street Journal, citing a person familiar with the matter, reported in Friday's edition that the billionaire investor sold his entire remaining investment in GM -- 28 million shares -- at $29.95 a share, a transaction worth more than $800 million. The newspaper reported that the shares were sold to Bank of America, a key lender to Kerkorian..
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Click on the link, then scan the bar on the right hand side with blue titles and click on the one at the very bottom that says "Activist Challenged 11/30" http://www.wwj.com/ I'm not sure who the GM rep is that's speaking...could it be Wagoner? This was after the two guys went up on stage at the LA Auto Show at the end of Wagoner's speech to try to get him to sign a document stating GM will lead the industry in fuel economy by 2010. EDIT: I just saw a YouTube video...the guy is someone named Don Fuller...it says he is from MAWG and contributes to Kelly Blue Book. Video http://www.trucks.autoblog.com/2006/11/29/...goners-keynote/
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GM Minivan Plans Panned General Motors Corp. may be bowing out of the minivan business. Faced with a steep drop in demand for the family vehicles, GM confirmed Tuesday that it has scrapped plans to build new minivan models that would have debuted as early as 2009 under Chevrolet, Saturn and other nameplates. While GM declined to comment on future vehicle plans, company insiders told The Detroit News that the company has no immediate plans to build minivans after it closes its last minivan-producing plant. The Doraville, Ga., plant builds the slow-selling Chevrolet Uplander and Buick Terraza minivans. It recently stopped producing the Saturn Relay. The Detroit News
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Obviously everyone is looking forward to what we KNOW is coming. The 08 CTS, 08 Malibu, production Enclave, etc. But I'm talking about surprises. Honestly, I'd love to see, at least in concept form, a RWD sedan for Pontiac. Nothing would tickle me more than the hope that GM will give me a BMW 3-series-sized-Pontiac-priced RWD sedan.
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GM's new key fob can check fuel level, tire pressures Posted 11/15/2006 1:00 AM ET The new fob will be a $150 option next year with Cadillac Escalades and other GM vehicles. By Chris Woodyard, USA TODAY For sleepless car owners who decide they need to check their tire pressure in the middle of the night, General Motors has a solution. GM (GM) plans to introduce a remote-control key fob next April that will allow drivers to not only determine the pressure in each tire, but also check the odometer reading, see if there's enough fuel in the tank to make it to work in the morning, change the radio station settings and see if they remembered to lock the car doors, to n…
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General Motors Corp is prepared to nearly halve the number of Buick models it offers in the United States as it tries to reestablish the luxury brand in its home market, GM's chief executive said on Tuesday. Rick Wagoner, speaking to reporters at the unveiling of the 2008 Buick Enclave, said the automaker would also reduce Buick sales to rental car companies as it shifts toward targeting more profitable retail sales with upcoming new designs. Although Buick has offered as many as seven models in recent years, Wagoner said GM was prepared to accept lower unit sales with about four models in order to try to capture more showroom traffic and shun lower-margin sales to car …
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GM Sells Majority Stake in GMAC General Motors Corp. sold a majority of its General Motors Acceptance Corp. finance unit to a group led by Cerberus Capital Management LP on Thursday, raising $7.4 billion in cash and completing a transaction that began in April. GMAC will be able to borrow at a lower cost by separating from its parent, cutting GM's cost to sell cars to customers. The sale of a 51 percent stake meets a goal of CEO Rick Wagoner as he works to recover from last year's $10.6 billion loss. GM will take a $2.7 billion distribution from GMAC as part of the transaction, meaning it will get a total of $10.1 billion for the stake this year. GM will get another …
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Kerkorian cut GM stake from 9.9% to 7.4% November 22, 2006 By TOM KRISHER | ASSOCIATED PRESS Link to Original Article @ Detroit Free Press Dissident General Motors Corp. shareholder Kirk Kerkorian said Wednesday that he has agreed to slash his stake in the troubled automaker by selling 14 million shares of its stock this week. In a filing today with the federal Securities and Exchange Commission, Kerkorian’s Tracinda Corp. said it had reached agreement on Monday to sell the shares at $33 each in a private transaction. The agreement will close on Friday, the filing said. Kerkorian now owns 56 million shares, or 9.9% of the company, according to the LionShares.com …
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http://www.foxnews.com/story/0,2933,232598,00.html WASHINGTON — Edwin Black is on a mission. He wants to go head-to-head with the head of General Motors in a showdown at Starbucks. The best-selling author has nothing against the coffee chain, but says he wants a public venue to confront the nation's largest car industry with his charges that GM has addicted the U.S. to the internal combustion engine — and hence oil — and is spelling doom for America. "These are the cigarettes of individual movements. These are the cigarettes of technology. These are eight-cylinder cigarettes. They are killing us," Black said recently in a one-on-one interview. "Stop allowing these he…
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IDA to consider $21M for GM Business First of Buffalo - 10:01 AM EST Thursday by Thomas Hartley An Erie County Industrial Development Agency public hearing Dec. 8 will consider a request for $21 million in incentives for the General Motors Powertrain plant. GM says the package is essential to bringing additional work into the Town of Tonawanda facility. Spokeswoman Doris Powers Toney in Pontiac, Mich., said the automaker is considering renovating the facility "for the purpose of modernizing engine lines and volume for possible new work. "Until after the hearing, we won't have anything further," she said. "There is nothing new to report." The earliest that the ECIDA…
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So, a company called me up last week to ask if I would like to give them my impressions of car commercials - 1 hr, $65. I said sure, why not. So I went today, and they showed me four basic ideas for commercials. They were black and white drawings, some crudely animated, with voiceovers to give me the feel of what the finished commercials would look like. They were all part of a new campaign: "Let's Go: Chevrolet". Included in all of them was the new URL letsgochevrolet.ca, which for now, redirects to gmcanada.com. I'm assuming that they would develop it if they use these ads. Ad #1: Shots of people in an office. A man pops his head into a woman's cubicle, and says, 'l…
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GM continues to upgrade Solstice, Sky Link to Original Article @ LeftLaneNews The Pontiac Solstice and Saturn Sky have been a smash hit for General Motors, and the automaker is looking to keep it that way. Shortly after launching the cars, GM responded to media and consumer feedback by adding a reinforcing brace added between the transmission and differential, implementing a more usable third gear, and improving wind noise. Now, the company is making further changes to ensure continued positive reviews. According to Edmunds, GM is adding power door locks to both roadsters, as well as height-adjustable drivers' seats. The company is also said be looking at improving t…
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So GM is talking more cuts, and Gettelfinger is talking about keeping the job bank. This could get interesting.
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GM Wants 10% of Asian Market by '10 General Motors Corp., its market share shrinking at home, is turning to Asia to boost its profits, and aims to capture 10% of the region's market by 2010, the U.S. automaker's regional chief said 10%. Top target markets are China and India, where rapid economic growth is fueling demand for cars, said Nick Reilly, president of GM Asia Pacific. GM aims to sell 1.3 million vehicles in Asia this year to grab a 6.5% market share, two-thirds of which is expected to come from China, he said. Last year, GM's sales hit just over 1 million units in Asia for the first time, giving it a market share of 5.7%. Detroit Free Press
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We know GM is developing diesels for the US. My question is how are these going to be released? Will they be launched just in new models and MCEs, or will they be made available for all models that can take them ASAP? The reason I am asking this is that my ideal vehicle would be an SRX, and I am wondering the probability that GM would release a diesel version of it as the engine becomes available, especially since its future is in doubt. I want to be green as well as plan for the future (diesel engines can switch to biodiesel fuel with no problem, whereas a gasoline engine making a fuel switch needs modifications).
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Cadillac STS, Holden VE Commodore and Opel Corsa have been nominated for the Overall Car of the Year in the World Car of the Year (WCOTY) Awards 2007. It is only the fourth time the awards have been run since it was launched in January 2004, the 2007 WCOTY will be announced at the New York International Auto Show in April 2007. To be eligible, cars must be sold in a minimum of five countries spread over at least two continents. List of 2007 Design Candidates: Audi A6 Allroad Audi Q7 Audi TT BMW Z4 Coupe / Roadster Cadillac STS Citroen C4 Picasso Citroen C6 Dodge Caliber Fiat Grande Punto Holden VE Commodore Honda CR-V Honda FIT Jaguar XK Jeep Commander Jeep Compass L…
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They just got 2 new XL-7's at the local dealer. I took a few pics Sunday morning. The headlights are not so bad in person. They flow "over" the front wheelwells. The tailights scream Saturn VUE!
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Check this out,(credit to Popular Mechanics) a mini on the lambda platform with real form! a great improvement over the (really) outdated uplander that has been dissapointing to say the least. Great clean euro looking sheet metal, vibe style arched roofline and what seems to be great visability.This shot gives us a glimps of what should prove to be a jump into hyperspace for the twin upcoming people movers.It goes without saying that GM will undoubtably have a world class interior as well. Keep your eyes peeled!!
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Well today was an eventful, rainy, cold day for a Ride & Drive, but what other kind of weather are we to expect from Pittsburgh? Anyhow... Just got back from the All New Silverado Ride & Drive Event where we pit the new 900 pick-up vs. our immediate competition including: F-150, Ram and Titan. After running 2 full road courses with Acceleration, Hard Braking, Large Off-set Speed Bumps, Lower Higher Speed Bumps, Avoidance Lane-Change Manuevers, and Motor Cross-like curves, I was very impressed with the new Silverado! In terms of Acceleration the Silverado felt more powerful, had better throttle response and really had a great pedal feel. The Titan had the…
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Lutz: GM Still Open to Alliances No. 1 U.S. carmaker General Motors is open to an alliance with its No. 2 rival Ford, Vice-Chairman Bob Lutz said in a newspaper interview on Sunday. Asked whether GM would choose to go it alone or merge with Ford, Lutz said, "We are open to alliances. But we can also be successful alone." Lutz spoke in an interview in the Swiss newspaper SonntagsZeitung. Both Ford and GM are restructuring North American operations to adjust to a loss of market share in their home markets. GM is attempting to recover from a $10.6 billion loss in 2005. Lutz said GM remained open to a smaller deal with Renault-Nissan after GM declined to pursue a large…
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GM ready for Toyota trucks Tundra will claim some of the pickup market, but Detroit automaker is confident in its products. David Shepardson / Detroit News Washington Bureau Link to Original Article @ DetNews WASHINGTON -- General Motors Corp. Vice Chairman Robert Lutz said Toyota's redesigned Tundra pickup, hitting showrooms in February, is likely to be a strong seller, but GM doesn't expect to cede much market share to the Asian automaker. "They'll do well," Lutz said in a brief interview with reporters Monday in Washington, but he doesn't think the Tundra will steal much from GM's full-size truck sales, which add up to about 1 million units annually. Toyota Mot…
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GM to launch Red Tag year-end sale Saturday By JAMIE LAREAU | AUTOMOTIVE NEWS AutoWeek | Published 11/16/06, 3:57 pm et Link to Original Article @ Autoweek DETROIT -- General Motors will start its year-end clearance sale, called the Red Tag Event, on Saturday, Nov. 18. The sale will run through Jan. 2 and include all brands except Cadillac, Hummer and Saab. The Chevrolet Corvette and Pontiac Solstice also are not included, GM says. The sale is similar to the promotion GM ran last year at this time, spokesman John McDonald said today. "What a consumer will see is a Red Tag hanging from the mirrors," McDonald said. "It will list the MSRP and then the price the…
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TCC Test: 2007 Suzuki XL-7 Your first thought when shopping a crossover might not be Suzuki. It's one of the few brands known more for its name than its vehicles (what exactly is a Forenza, anyway?). And even then, the Suzuki most of us know has two wheels and a 200-mph top end. But that may change after a first drive of the new XL7. Suzuki doesn't have the cachet of a Honda or a Toyota , but its XL7 readily compares with the RAV4 and CR-V, and now offers seven-passenger seating, too. The sharply-dressed new XL7 is also a cheaper alternative to the coming class of crossovers that includes Ford's Edge and the Honda Pilot, as well as existing Subaru wagons. The Car Con…
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Honda, GM Hybrids Can Get Full Tax Credit Honda, GM Hybrids Are Still Eligible for Full Tax Credit Thursday November 16, 5:55 pm ET Link to Full Article @ Yahoo!Reuters WASHINGTON (AP) -- The Internal Revenue Service said Thursday that hybrid cars made by Honda Motor Co. and General Motors Corp. are still eligible for a tax credit intended to encourage the purchase of fuel-efficient cars, as the credit phases out for Toyota Motor Corp. and its Lexus division. The tax credit for hybrid vehicles begins to phase out after a manufacturer has sold 60,000 hybrid or other fuel-efficient vehicles. The IRS said Wednesday that it made the determination on Honda hybrids af…
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JD power sales satisfaction survey
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Pontiaction: 3,600 Workers to be Relocated General Motors Corp. said Wednesday it will move 3,660 workers out of Pontiac to other metro Detroit offices by the first quarter of 2008 in an effort to become more efficient. Most of the workers will relocate to GM's technical center in Warren, and others will go to the corporate headquarters in downtown Detroit. No jobs are to be lost in the moves, which will allow GM to get rid of excess office space created through years of restructuring and retirement, GM spokesman Dan Flores said. Detroit Free Press
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BY JUSTIN HYDE, DET. FREE PRESS WASHINGTON BUREAU Link- On table: Health care, trade Sought: Help, not a bailout WASHINGTON - The meeting should "enhance the president's understanding of the importance of the domestic auto industry to the economic health of the United States," General Motors Vice Chairman Bob Lutz said in a recent interview, emphasizing the word "domestic." Foreign automakers that build cars in the United States help the economy, "but it's not the same as a fully integrated American auto company that retains the intellectual property in the United States, has primarily American shareholders," he said, so "the wealth gets reinvested in the U.S." For…
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WI Couple Donates $1.3M to Corvette Museum A Wisconsin couple donated $1.3 million to the National Corvette Museum in south-central Kentucky, the largest gift in the museum’s history. The money, from Ivan and Mary Shrodt of Sherwood, Wis., will go toward a planned $14 million expansion, museum director Wendell Strode said. The project is scheduled for completion in the summer of 2009, Strode said. The Shrodts said they gave the money to the Bowling Green museum because they have no children and an affection for Corvettes. Detroit Free Press
Last reply by Sixty8panther, -
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Find Your Style It chose for me the SSR, something they don't make anymore. Thanks, GM.
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Small GM Cars go Global Gamma platform to be produced in low-cost countries By ALYSHA WEBB | AUTOMOTIVE NEWS AutoWeek | Published 11/13/06, 8:25 am et Sketch by C&G member Bearrunner44 Link to Original Article @ Autoweek SHANGHAI -- General Motors is a global company, but so far it has had trouble creating truly global platforms that use huge volumes to cut costs. That's starting to change. Supplier and GM sources say GM is planning a new platform for small cars with worldwide annual volume of 1.4 million cars. The platform, called Gamma inside GM, will provide mechanicals for the next Opel Corsa and Chevrolet Aveo starting in 2009. Final decisions h…
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GM raises its prices to help offset costs Automaker increases stickers on about a third of its vehicles to cope with costlier raw materials. Sharon Terlep / The Detroit News Link to Original Article @ DetNews General Motors Corp. raised prices an average of 0.5 percent on about one-third of its vehicles this week to help cope with the soaring cost of raw materials, a company official said Wednesday. Prices rose from $60 to $425 a vehicle on 35 percent of GMs cars and trucks, GM spokesman John McDonald said. Most increases were from $90 to $140, he said. The company won't increase prices on the redesigned 2007 Chevrolet Silverado and GMC Sierra pickup truck, which …
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http://mag1.olivesoftware.com/am/getBookWR...R&OnePageMode=1 link to winding road article on the new CTC.
Last reply by Dsuupr, -
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In the past I have made the suggestion that each of the original divisions, except Chevy, have one single division exlusive platform. For example, all cadillac cars be built on the sigma, all buicks be built on zeta, etc. Saab and saturn could share with over seas divisionsb and therefor have exclusive plateforms here in the states. this would affod GM similar economies of scale while promoting brand uniqueness. Rather than 8 versions of W-body over 4 divisions like the had back in the day, they could have 5 versions of W-body at one division. (sm, md, lg sedan and sm, lg coupe) for example. The second advantage is that when the platform is updated the entire division'…
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Sorry, I this isn't really "GM news" but didn't know where else to put it. My Bro-in-law works as a web designer and is working on the new GM High Perf. Div. website. GM HPD is holding a meeting on Monday in regards to the new site. What they are asking for is info from GM gearheads like us to give some input on what they'd like to see on the new site. I need to turn these suggestions in to him by tommorow morning (Friday 11/10/06). My main thoughts are that I would like to see a section of the site dedicated to photo's and writeup's on each of their factory tuner cars that they've produced through the last few years... for example, that Orange GTO, the green RWD Mon…
Last reply by pineapple67, -
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New Step, Same Direction No way GM will kill the electric car says Lutz By JAMIE LAREAU | AUTOMOTIVE NEWS AutoWeek | Published 11/06/06, 12:37 pm et Link to Original Article @ Autoweek DETROIT -- General Motors CEO Rick Wagoner will reveal a new step in GM's alternative-fuel vehicle programs at the Los Angeles auto show this month. While not saying which direction GM will take, Vice Chairman Bob Lutz says GM executives believe electric vehicles are the future. GM's work on fuel cell vehicles may first bear fruit as a "series hybrid" vehicle, he says. A series hybrid could run primarily on electricity from lithium-ion batteries, with an engine as backup to…
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betcha rick wasnt looking to get some sushi or checking out the ps3. Bushido Whacked the recent interest/acquisition in isuzu probably ruffled some feathers. just guessing. reminds me of the keep your friends close, and your enemies etc kind of thing. i know its in another forum but the whole thing is like a game of monopoly gone bad. gm's mortgaged so much already and toyotas got plenty of pocket change and doesnt mind dropping it. good for them, it just turns my stomach a little.
Last reply by regfootball, -
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Link The price increases range from $60 to $425 per vehicle with a majority of the hikes in the $90 to $120 range.
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GM Revises Third-Quarter Numbers Link to Article @ TheCarConnection.com General Motors Corp. has revised its third-quarter earnings report, boosting its net income and reducing its loss by $24 million to $91 million or 16 cents per share. Last month, the automaker reported it had lost $115 million in the third quarter but in a new filing with the U.S. Securities Exchange Commission, GM added new revenue from its finance arm, General Motors Acceptance Corp. The changes bolstered chairman and chief executive officer Richard Wagoner's argument that GM's recovery continues to pick up momentum. Last year, GM lost $1.664 billion, or $2.94 a share, during the third quarter. …
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http://www.gmgoodwrench.com/GMPerformanceParts/home.jsp ...with Virtual Dyno
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http://www.autonet.ca/News/story.cfm?story...06/2253409.html
Last reply by the_yellow_dart, -
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...the catch is that neither are out yet. Interesting choices: http://money.cnn.com/popups/2006/autos/crossovers/index.html
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FOR RELEASE: 2006-10-25 GM Reports Preliminary Third-Quarter Financial Results *Reported net loss of $115 million, or $0.20 per share *Adjusted net income of $529 million, or $0.93 per share diluted *Record third-quarter revenue of $48.8 billion *Upper end of estimated Delphi exposure reduced by $4.5 billion DETROIT – General Motors Corp. (NYSE: GM) today reported significantly improved preliminary financial results for the third quarter of 2006. The company posted a profit on an adjusted basis, excluding special items, and generated its third consecutive quarter of record revenue. GM reported a net loss of $115 million, or $0.20 per share, for the third quar…
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I need a lot of opinions on this truck. I want to get the opinions of everybody on the SEMA Z71 Plus concept. Its a radical step away from the current 355 trucks. It obviously includes some of the traits of the 900 series, as evidenced by the tremendous new fender flairs. It also has some flavor of other GM cars, with Camaro-style low profile lights, a cleaner tailgate, and revised interior. This is the fourth time GM has unveiled a Colorado Concept model with the 5.3 V8. I see alot of pre-production hints in this truck. I need the opinions of everybody here. What do you like? What do you hate? What else would you like to see happen? Please, let us know any opinions, an…
Last reply by turbo200, -
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TCC Test: 2007 Suzuki SX4 Though it's called a crossover, the SX4 has all the desirable attributes of a "station wagon"-you know, that ancient phrase for, um, essentially the same thing. It's a five-door hatchback with second-row seats that tumble forward for maximum cargo-carrying. Five passengers fit in its chairs, and as long as you're not the poor guy sitting in the middle of the second row, life is pretty good. And its bottom line includes one very coveted attribute: standard all-wheel drive. Suzuki says the $14,999 SX4 is the lowest-priced all-wheel-drive vehicle sold in the United States. Read "2007 Suzuki SX4: A little good news today." @ The Car Connection
Last reply by regfootball, -
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a base XL-7 2wd for like 23,500. with AWD it adds 1600. great deal. 7 passenger adds a grand. about 26,500 for the model with leather. the top model is another 2 grand, or 28,500. Maxxed out this thing would barely top 30g. I think this vehicle should sell well. the GM engine and features per dollar should make it a hit.
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GM to Use Cost Savings to Fight Toyota `Green' Cars, People Say By Jeff Green Oct. 27 (Bloomberg) -- General Motors Corp., losing sales to Toyota Motor Corp., will use some of the $9 billion in savings from cost cuts this year to make vehicles that match the Japanese automaker in technology and fuel efficiency, according to people familiar with the strategy. GM's plans include a hybrid-electric vehicle with a battery that recharges at any outlet, improved gasoline engines, hybrid versions of its Silverado pickup trucks and hydrogen-powered fuel-cell models that emit only water vapor, according to the people, who didn't want to be identified because the plan isn't pub…
Last reply by CARBIZ, -
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In case anyone missed it during Game 3, here's the ad -- along with an interesting quote by Kim Kosak, Chevy's marketing director. And yes, we extrapolate a bit: http://jalopnik.com/cars/ad-watch/ad-watch...a-on-210477.php Ray @ Jalopnik
Last reply by sciguy_0504, -
Another One Bites The Dust
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Cherry Hill dealership to close Scott Eckenhoff, owner of the Buick dealership across Route 38 from the Cherry Hill Mall, will close the store next month. GM DEALERS The number of dealerships for each General Motors brand in North America: Chevrolet: 3,990 Pontiac: 1,226 Buick: 666 Saturn: 432 Cadillac: 334 GMC: 314 Saab: 243 Hummer: 30 Total: 7,235 as of Aug. 31, 2006 Eckehoff's decision to sell was influenced by GM's drive to diversify the selection at its dealerships. October 7, 2006 By EILEEN STILWELL Courier-Post Staff CHERRY HILL All those Toyotas, Hondas, Subarus and Volkswagens have finally driven Scott Eckenhoff off Church R…
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http://www.imediaconnection.com/news/11900.asp GM has announced they will be buy a virtual island in Second Life to help promote products such as the solstice GXP and the G5. Sounds like it is the next big thing.
Last reply by aaaantoine, -
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http://money.cnn.com/2006/10/25/news/compa...dex.htm?cnn=yes
Last reply by turbo200, -
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I don't know if GM is running the same ad campaign in the US, but it's got me completely baffled. For months now, the overall message I've got from Chevy's ads is that losers should buy a Chevy. Their website pretty much sums it up. http://www.johnny.ca/ You can view the commercials there as well. Check out the one for the Aveo. Some chick wants to get some from Johnny and all he's concerned about is getting a parking ticket. What message are they trying to send? I honestly don't get it and it sure as hell doesn't make me want to drive a Chevy!!
Last reply by bdubsee, -
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currently holding steady just above it's $34 a share 52 week high. Good thing I shorted the stock, eh Buickman?
Last reply by Mr.Krinkle, -
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GM Sales Fall But Market Share Rises NewsTrack - Business Link to Original Article @ UPI.com DETROIT, Oct. 20 (UPI) -- General Motors Corp. said Friday this summer's sales were down 3 percent compared to last year's summer sales. On the positive side, however, GM's U.S. market share has risen each quarter of the current year, from 23.8 percent in the first to 24.1 percent in the second, MarketWatch reported. Overall, the world's biggest carmaker sold almost 2.3 million cars and trucks worldwide from July through September, with China and Russia showing unit sales increases of 37 percent and 64 percent, respectively. Year-to-date sales of Chevrolet were up 27 pe…
Last reply by razoredge, -
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GM Prepares for Battle with Kerkorian General Motors has retained two investment banks as the automaker attempts to protect itself from a potential proxy fight from its largest individual shareholder, Kirk Kerkorian, according to a report published Wednesday. Citing people familiar with the situation, The Detroit News reported that the automaker hired Goldman Sachs (Charts) and Morgan Stanley (Charts) and began devising other safeguards against Kerkorian while GM discussed a possible alliance with Renault-Nissan. Read "GM reportedly bracing for Kerkorian fight" @ CNNMoney
Last reply by jry, -
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Her are some pics of the new Transformers movie Camaro named bumblebee. This could be the first hint of what the production camaro looks like. Notice the headlight, interior shot and smaller wheels. More Pics of the Transformer Movie at link: http://www.flickr.com/photos/suzanneandsim...with/158237936/
Last reply by corvette_dude729, -
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more uncle bob. http://www.venturacountystar.com/vcs/busin...5071127,00.html gotta love that optimism.
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well GM has updated GMbuypower.com to allow consumers to find the GMT900 silverados. And apparently we have already 9 at my dealership, while our competators have 0... dont know if thats true... should go out to the back to check what the train has brought us... but this should be a great month for the silverado as GM has increased the inecntives from just 2,000 to 4,000 to help blow out all avalible classics... hopefully the factorys will be able to keep up with demand. and fill our inventory to 1000 + silverados... with the options these trucks are going to have... dealerships will need to better manage their inventorys... between the 4.3 v6 4.8 v8.... 4 differe…
Last reply by Newbiewar, -
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China Boom: GM up 36.7% in China General Motors Corp. (NYSE:GM - news), the world's largest auto maker, said on Monday its vehicle sales in China rose 36.7 percent in the first nine months from a year earlier, and expected sales for all of 2006 to jump 30 percent. GM sold 645,680 vehicles via its two local ventures in the January-September period, it said in a statement. "For the year as a whole, GM and our joint ventures are on track to again outpace the market," it said. "We anticipate annual sales growth of about 30 percent." Read "General Motors says China sales rose 36.7 pct" @ Yahoo
Last reply by Robert Hall, -
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Crossover Concerns - Autoweek
Last reply by regfootball, -
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Kerkorian won't buy more GM GM's No. 1 individual shareholder says due to end of Nissan-Renault talks he won't try to buy 12M more shares; Kerkorian's advisor quits GM board. October 6 2006: 12:28 PM EDT NEW YORK (CNNMoney.com) -- Kirk Kerkorian, General Motors's largest individual shareholder, has dropped plans to buy another 12 million shares of the company's stock, and his advisor Jerome York has resigned from the GM board, due to the company breaking off alliance talks with Renault and Nissan. The moves were announced Friday in a filing with the Securities and Exchange Commission by Tracinda, Kerkorian's own investment firm. Tracinda already owns 56 million shares…
Last reply by GMman, -
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GM Death Watch 95: Dear John
by Guest buickman-
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From www.thetruthaboutcars.com According to the highly credible “Ford and GM set to merge” journalists over at Automotive News, The General has agreed to pay bankrupt parts supplier Delphi’s remaining union workers an unspecified amount of money for an unspecified amount of time to avoid a planet-killing strike. Yes, it’s The Mother of All Extortion Pay-Offs– providing you don’t count that huge pile of money GM’s already agreed to pay twenty thousand not-so-dearly departed members of the United Auto Workers (UAW) who labored on behalf of Delphi. And here’s the funny part: that’s the good news. As always, you gotta read the fine print. As part of this deal, Delphi wil…
Last reply by GEESIXER, -
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Top Bob Grease Job
by Guest buickman-
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Gunnar Heinrich Friday, October 13, 2006 A Car Czar Too Far: Why Bad Things Happen to Good Saabs From www.thetruthaboutcars.com Leave it to the Germans. When it comes to resurrecting, producing and managing foreign niche marques, the Aktiengesellschaft do the job right. While German ownership is not without its faults (think BMW's troubled relations with MG Rover), their batting average is league leading. Meanwhile, at the bottom of the pile& Not to put too fine a point on it, GM does European automobiles as convincingly as Chinese Premier Jiang Zemin sang O Sole Mio in karaoke; the results are muddled, embarrassing and on view for an international audience. …
Last reply by Drew Dowdell, -
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DETROIT – General Motors today announced the best warranty of any full-line automaker, with coverage up to 100,000 miles or five years across its entire 2007 car and light-duty truck lineup in the United States and Canada, reflecting its success in dramatically improving the quality and durability of its vehicles. GM’s new 100,000 Mile Warranty coverage is a fully transferable five-year, 100,000-mile powertrain limited warranty with no deductible. GM also has decided to expand its roadside assistance and courtesy transportation programs to match the powertrain warranty term. Altogether, it’s the best coverage in the auto industry. “We’ve been telling everyone how strong…
Last reply by joe_cool, -
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EXCLUSIVE FREE PRESS INTERVIEW: Wagoner: GM's very much alive Don't write off carmaker yet, CEO says September 10, 2006 BY JOE GUY COLLIER Link to Original Article at Detroit Free Press General Motors Corp. Chairman and CEO Rick Wagoner has taken his fair share of criticism this year. Some in the business media have called for him to step down. Wall Street analysts put odds on the likelihood of GM filing for bankruptcy. A major investor pushed him into talks with Renault SA and Nissan Motor Co. about forming an alliance. So, after a string of positive developments -- costs are down, operating profits are up -- Wagoner can hardly be blamed for being on the offensi…
Last reply by joe_cool, -
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Canadian Driver
Last reply by sciguy_0504, -
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FOR RELEASE: 2006-10-13 GM Expands Onstar Services To All Mobility-Adapted Vehicles Customers who purchase new vehicles equipped with mobility technology to get additional 2-years of OnStar DETROIT – General Motors today announced that customers who purchase any new 2006 or 2007MY GM vehicle equipped with OnStar and eligible adaptive mobility equipment will receive two additional years of standard OnStar service at no charge (in addition to the first year of included service). The GM Mobility Program was launched in 1991 to assist people with disabilities with their transportation needs. Under the terms of the program, GM reimburses customers up to $1,000 when th…
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GM Marketing
by Guest buickman-
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From www.autoextremist.com by Peter M. DeLorenzo GM Marketing goes back to the future. Detroit. Big changes for GM marketing are imminent, as the path they have followed for years and the path that contributed mightily to the company's freefall in the market is going to be abandoned. GM is about to give its moribund divisional structure a serious boost by reconfiguring the individual divisions, giving them more autonomy and giving the divisional leaders serious clout for the first time in years. To understand where GM wants to go with this move, you first have to go back - way back - to GM's "glory days" to understand where it once was and why they need to take a p…
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General Motors Corp. (GM) Wednesday said its Cadillac luxury brand will be available in South Africa in early 2007. GM said three Cadillac models will be sold initially in South Africa - the BLS mid-size sedan, the SRX crossover SUV, and the STS full-size sedan. GM said it will begin a direct distribution network of retailers that will open in major South African cities such as Johannesburg, Cape Town and Durban. Original Article: http://www.marketwatch.com/News/Story/Stor...ABCD9B35BFD8%7D
Last reply by ZL-1, -
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GM Death Watch 94 1 2 3
by Guest buickman-
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So much for Maximum Bob From www.thetruthaboutcars.com GM’s September sales figures are out. Despite generous Labor Day incentives, zero per cent financing to anyone with a pulse and an easy year-on-year comparison (GM was in the post-Fire Sale mode last September), vehicle sales are down seven percent. Given GM’s upcoming production cutbacks, there’s only one way sales can go from here: down, taking GM’s declining market share with it. Never mind. According to GM Exec Maximum Bob Lutz, "Whatever our market share stabilizes at in the US— 22, 23, 24 percent— I don’t really care. The idea that GM… has got to get back to 30 percent is a wacky notion with all this global …
Last reply by GEESIXER, -
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Bob Lutz has a few things to say about it http://www.canada.com/nationalpost/financi...dea646c&k=13708
Last reply by Mr.Krinkle, -
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http://www.forbes.com/feeds/ap/2006/10/09/ap3075322.html I am just happy to see Toyota is losing their grip. not so easy once you get close to the top is it!!
Last reply by GEESIXER, -
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I think it's time for KK to go.... http://today.reuters.com/news/articlebusin...=&from=business
Last reply by GEESIXER, -
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On August 08, 2006, GM trademarked the name '8 Speed'.
Last reply by Robert Hall, -
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Kerkorian May Boost His Stake in GM Billionaire investor Kirk Kerkorian pressed his case for a three-way alliance between General Motors Corp., Renault and Nissan on Thursday, backing up his argument with a threat to push his GM holdings to more than 10 percent. Kerkorian's Tracinda Corp., broke the news in a filing with the Securities and Exchange Commission, sending GM's stock to a 52-week high at $33.64 in early trading on the New York Stock Exchange. By closing, though, the price had eased to $33.06, up 78 cents, or 2.4 percent. Read "Kerkorian may buy 12M more GM shares" @ Yahoo
Last reply by bdubsee, -
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- 28 replies
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GM: Feeding the Healthcare Giant The world's largest automaker is being driven deep into financial trouble not only by the cars of a competitor, but also by the medical bills of its own workers and retirees. Last year, GM spent $5.3 billion on health care -- enough to buy a GMC Yukon for each of its U.S. employees. By 2008, General Motors will likely spend more on health care in the United States than on its hourly-worker payroll. Read "Stranglehold" @ The Detroit News
Last reply by CARBIZ, -
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Car & Driver has developed a new phase in thier road test criteria. They will be using Virginia International Raceway or VIR. They did a big spread in the newest issue. In the future they will incorporate a lap time into overall testing. They will use this benchmark on most performance based cars. It's common performance knowledge that if you run a sub 8 minute lap a Nurburgring you've got a great performer. This is our comparable benchmarking location in the US, as defined by C&D. Now something good for GM which came out of the first tests. The Cobalt SS bested the Maxda MX-5 Honda Civic Si & the Volkswagen GTi (by 4-5 seconds per lap) which were in its pric…
Last reply by PacerX, -
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http://www.autoweek.com/apps/pbcs.dll/arti...024/PROMOBLOG01 Bob Lutz Speaks By BOB GRITZINGER AND NATALIE NEFF AutoWeek | Published 10/02/06 While GM Chairman Rick Wagoner was pow-wowing with Nissan-Renault head Carlos Ghosn, GM Vice Chairman Bob Lutz held court at the Paris motor show. Here’s what he shared with AutoWeek: AW: What’s in your future product portfolio these days? Lutz: Obviously, a lot of really good stuff, much of which will be displayed at the upcoming season of auto shows. In fact, we have so much stuff coming we have to split it up over four auto shows because the stuff’s that coming would overwhelm any one show. For example, the Saturn Vue, aka …
Last reply by Mr.Krinkle, -
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Read the full article here. "Hummer needs some more products. It needs two or three more products to give it sufficient market coverage," General Motors Vice Chairman Bob Lutz told reporters at the opening of a Hummer dealership in Paris. Lutz said making a Hummer-branded pickup truck, which would have ample passenger seating, remained an "option."
Last reply by Northstar, -
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GM, Renault and Nissan Issue Joint Statement Regarding Alliance Prospects PARIS (Sept. 27, 2006) -- General Motors, Renault and Nissan today said that a meeting was held between Carlos Ghosn, President and Chief Executive Officer of Renault, SAS and Nissan Motor Co., Ltd., and Rick Wagoner, Chairman and Chief Executive Officer of General Motors, Corp., regarding ongoing discussions concerning the possibility of creating an industrial alliance among these three companies. Through the work of the three study teams, our companies continue to explore the potential opportunities of an industrial alliance. The teams are conducting a thorough and objective analysis of potenti…
Last reply by csaba1218, -
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Interesting figures on automakers' profitability in NA, from CNNMoney.com. To view the article, click here. I hope Nissan's $2,135 profit per vehicle, vs. GM's loss, won't give the Kerkorian-York-Ghosn team more fuel for the fire.
Last reply by WCCPSGM, -
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Link to article:http://www.marketwatch.com/News/Story/Stor...44}&siteId=mktw
Last reply by Robert Hall, -
First Thing I'd Cut 1 2
by Guest buickman- 1 follower
- 56 replies
- 7.9k views
The General Motors Standards for Excellence program gives dealers the opportunity to meet sales and service criteria after having ponied up an initial investment and, upon achievement of said goals, receive back tens, or hundreds, of thousands of dollars quarterly from GM. Independent contractors hired by the factory visit dealers under the guise of "SFE Coordinators". In essence, these individuals really perform the work that should be done by district managers anyway, namely informing and consulting franchisees on their operations. Having these coordinators is truly an exercise in duplicity. In fact, the entire program was ill-conceived from the beginning. Targets were …
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Toyota to Upgrade NUMMI Japan's top carmaker Toyota says it is upgrading a US plant equally owned with ailing General Motors, which has been negotiating an alliance with the French-Japanese Renault-Nissan group. But Toyota Motor Corp., widely seen as set to overtake GM as the world's top vehicle maker, denied that the new investment in the California plant was aimed at strengthening its partnership with the US car giant. Read "Toyota upgrading joint US plant with GM" @ Yahoo
Last reply by PurdueGuy, -
On the Brink 1 2
by Guest buickman-
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Detroit's carmakers are entering a period of crisis. For the next half-year car sales are likely to decline because of rising interest rates, bad news from Iraq and, above all, the climb in the price of gasoline. Even as that price retreats below $3, the damage has been done. People will have reason to worry about buying fuel, and that's bad for the car business. It is especially bad for Detroit's car business, dependent as it is on pickup trucks and big sport utility vehicles: Chevy Silverados and Suburbans, Ford (nyse: F - news - people ) F150s and Expeditions, Dodge Durangos and Jeep Grand Cherokees. These parts of the business are hurting the most. The Japanese and…
Last reply by Chicagoland, -
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more talk about GM "alliance" http://www.businessweek.com/ap/financialnews/D8KBV1200.htm http://biz.yahoo.com/ft/060925/fto09252006...28541.html?.v=1
Last reply by Mr.Krinkle, -
What we need is a real good nickname
by Guest buickman- 4 replies
- 1.5k views
What Ford Motor Co. needs is more top execs with nicknames. You know, like "Red" Poling. At least that's the theory of one Ford lifer who's been there since "Hank the Deuce" was CEO. Technically, "Hank the Deuce" isn't a nickname. It's the way some people refer to Henry Ford II, just as some call Jacques Nasser "Jac the Knife" because he was a cost-cutter. In addition to Harold "Red" Poling, there also was Charles B. "Tex" Thornton, the former army colonel who led the 10 "Whiz Kids" into Ford after World War II. But not all nicknames carry the same weight. Semon Knudsen's nickname, "Bunkie," seems a little trite when you compare it to the "Big Bill" moniker his fa…
Last reply by prototype66, -
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GM Holden has dispatched its first shipment of all-new generation export versions of Commodore, Statesman and Caprice from Adelaide's AAT Port to its largest export market, the Middle East. The 500 cars, prepared as the Chevrolet Lumina and Chevrolet Caprice, are destined for ports throughout the Middle East where they will be distributed into the United Arab Emirates, Oman, Kuwait, Qatar, Saudi Arabia and Bahrain. The shipment represents an exciting new chapter in what has been Australia's longest and largest automotive export program. GM Holden Chairman and Managing Director, Denny Mooney, said exports were a key part in Holden ensuring its South Australian vehicl…
Last reply by Robert Hall, -
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- 12 replies
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GM Canada Partnership Key as Chevrolet Prepares to Launch the World's Largest Fuel Cell Vehicle Fleet OSHAWA, ON - There was a special Canadian connection today when General Motors Corp. committed to building the world's largest fuel cell vehicle fleet during the Company's reveal of its next generation fuel cell vehicle - the Chevrolet Equinox Fuel Cell. "General Motors is demonstrating its commitment to hydrogen fuel cells as the answer for taking the automobile out of the environmental debate and reducing our dependence on petroleum," said Arturo Elias, President, GM Canada. "We are especially proud that through partnerships with the Federal and Ontario governments,…
Last reply by Centurion, -
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I thought about posting this article on the Ford forum but since GM is also mentioned prominently in the article I decided to post it in the GM forum. Much of the stuff said in the article I think we already know about http://money.cnn.com/2006/09/15/news/compa...rce=yahoo_quote Why Ford is in worse shape than GM General Motors' turnaround is now in motion, but don't count on Ford having made the same progress this time next year. By Alex Taylor III, Fortune senior editor September 15 2006: 10:10 AM EDT NEW YORK (Fortune) -- As he finishes his first full week as CEO of Ford, Alan Mulally may be wondering what he got himself into. The rumble of bad news never seem…
Last reply by jry, -
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See above
Last reply by !!!TED!!!, -
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Future Products—Suzuki By AUTOMOTIVE NEWS Link to Original Article @ AutoWeek AutoWeek | Published 08/16/06, 8:04 am et ----------------------------- Aerio, Aeria: The Aerio wagon will be dropped during the 2007 model year. Forenza: A freshening is planned for the 2008 model year. Reno: Reno is the hatchback version of the Forenza. It may get a high-performance engine for the 2008 model year. Swift: The company will bring the next-generation Swift hatchback to the United States in 2010 to compete with such vehicles as the Honda Fit. A hybrid sedan is a possibility. The Swift last was sold here in 2002. Verona: U.S. sales never hit projections, so the car will…
Last reply by regfootball, -
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http://www.autoblog.com/2006/09/18/breakin...mored-alliance/
Last reply by GEESIXER, -
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interesting......there's no excuse for the 4 speeds anymore...... ward's auto sorry if there's already a topic on this. translation, Ford fans, you can still expect this thing to be like those Ford trannies you remember.....won't shift, lazy, etc.........the ford engineers had to leave their indelible touch on it I'm sure despite the best effort of GM to make it great the Ford guys I am sure will bless it with the inability to downshift or the PENCHANT to hunt endlessly for gears.
Last reply by haypops, -
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GM reregistered the name 'Fiero' in June/06. On October 06/06, the name 'Firebird' will be 'published for opposition'. This is a required step in the trademark process. This republication suggests that the name may be used again.
Last reply by ToniCipriani, -
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GM Prepares North Florida to Go Yellow TALLAHASSEE, Fla. – General Motors today announced that it has facilitated plans for the launch of E85 ethanol fueling sites in the greater Tallahassee area thanks to a collaborative partnership with Inland Food Stores and the State of Florida. GM has been the catalyst behind several similar partnerships across the country as part of a broader, national campaign to boost the use and awareness of ethanol-based E85 fuel in the United States. The announcement was made today at the Inland Food Store at 3500 North Monroe, the first location to publicly offer E85 ethanol in Florida, at an event presided over by Florida Governor Jeb Bu…
Last reply by XM DUDE, -
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GM sees gains in pickup truck segment Reuters Wednesday September 13, 2:08 pm ET By Jui Chakravorty Link to Original Article @ Yahoo!News DETROIT (Reuters) - General Motors Corp.'s (NYSE:GM - News) new warranty program will give the automaker an edge in the highly competitive market for full-size pickup trucks, a segment where GM will likely gain market share in the near term, a top company executive told Reuters on Wednesday. Brent Dewar, vice president of sales, service and parts, also said that the world's largest automaker is on target to sell 3 million vehicles in U.S. showrooms this year, almost unchanged from 2005. "We're on track ... It's going to be almo…
Last reply by NOS2006,
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