General Motors
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I really like the Dodge Magnum Hemi/SRT8 vehicles. I am nowhere close to being a MOPAR guy and would love for GM, preferably Chevy, to build something comparable. I believe Pontiac would be the best served to pull it off. Any possiblilities? Keep in mind: fairly new member, very few posts, and continue to like the Dodge Magnum and trying not to admit it.
Last reply by rkmdogs, -
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Per Bloomberg.com. GM General Motors Corp., the world's largest automaker, will offer longer warranties on its vehicles in a bid to boost confidence in GM products, two people familiar with the plan said. The extended warranties mark the next phase of an eight- month-old initiative to rely less on cash incentives to generate sales, said the people, who asked not to be named because details won't be announced until later today. GM spokeswoman Mary Henige had no comment. If true I think this will work as if you want to make people feel you really have quality prove it by backing it up. It worked for Hyundai when they offered a 10 year 100,000 mile warranty after…
Last reply by CSpec, -
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I love GM and their cars or I wouldn't be here. As well as they have treated me and my parents, I doubt I am going elsewhere. Needless to say, all of the bad press has left me in a funk, feeling a little perplexed...and analytical. So, one has to think of what may be going south at GM. I voted for QC but think it is both this and cost control. I read Consumer Reports. I look at how Toyota steals the show with an uninterrupted parade of "red dots" for the various systems in their cars over the years (Buyer's Guide, et al.). I then look at Cadillac and will see either a partial or a full black dot for some components...and in recent years, no less. …
Last reply by Thunder7, -
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Despite massive restructuring, thousands of buyouts... GM keeps rollin' Brett Clanton / The Detroit News Link to Original Artcle @ DetNews John Brooks works at the Orion Township assembly plant, where more than one third of 2,700 workers took cash buyouts or early retirement packages. ORION TOWNSHIP -- It's hard to say which is more astonishing: that General Motors Corp. is cutting nearly 35,000 U.S. factory jobs this year or that the automaker's plants, by all accounts, are still running smoothly amid the jaw-dropping downsizing. There have been small hiccups along the way, and more are possible as thousands of GM workers depart in waves through December and the …
Last reply by longtooth, -
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Worhorse is a domestic supplier of motorhome, bus, and step van chassis. While not specifically a partner, they the exclusive provider of GM powertrains in this segment. At one time Ford owned this market. Worhorse started in the last 1990's and make a great product, I think. They have announced a new chassis called the UFO. Presently inexpensive class A motor homes are gas powered with the engine in the front under an obtrusive "doghouse". The higher end motorhomes offer a diesel pusher layout. The rear engine layout makes for a quieter and more roomy coach. Worhorse has announced a Vortec 8.1 L. powered rear engined chassis called the UFO. I think this may mean…
Last reply by haypops, -
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Carnegie Mellon, General Motors Will Compete in 2007 DARPA Urban Challenge Driverless Vehicles Will Navigate Simulated City Traffic and Obstacles PITTSBURGH—Carnegie Mellon University will partner with General Motors Corp. to form Tartan Racing, a team that will enter a driverless Chevy Tahoe in the $2 million Defense Advanced Research Projects Agency (DARPA) Urban Challenge scheduled for November 2007. The race will require autonomous vehicles to travel 60 miles of streets in a mock urban setting. To succeed, vehicles must drive completely on their own — without drivers or remote control — and finish the course within six hours. Cars must stay in their lanes, neg…
Last reply by GEESIXER, -
Value Pricing?
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As forcast last week by GeneralWatch and reported in today's Automotive News, GM once again proves why management has no credibility. Wait until the folks who recently took delivery find out that they missed the boat as GM gives another example of why LaNeve and Company are not to be believed and should be immediately shown the door. How about the hard working retail personnel who had planned family vacations with the kids before school? In other words, thanks folks for working so hard, now choose between making dough and spending quality time with loved ones. Remember how GM lowered prices a few months back? The charade of "value pricing" was truly…
Last reply by tama z71, -
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by TOM KRISHER -- Associated Press posted August 31, 2006 DETROIT -- General Motors Corp. has decided to end its sponsorship of CBS' hit series "Survivor," but the world's largest automaker said Wednesday that the decision had nothing to do with the reality show's controversial decision to divide its contestants in the upcoming season by race and ethnicity. GM spokeswoman Ryndee S. Carney said the company made the decision in the normal course of making its media buys months ago, before the show made its recent announcement. "I think it's just a coincidence. I know it's not cause and effect," Carney said. A group of New York City officials have criticized the …
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Top GOP leaders sending message to Big 3: Drop dead Advertisement GET FREE HEADLINES BY E-MAIL Printer friendly version Comment on this story Send this story to a friend Get Home Delivery B ig-name Republicans are tramping around Michigan -- Karl Rove is expected at a fundraiser today in Grosse Pointe, Republican National Committee chairman Ken Mehlman is campaigning for Senate hopeful Mike Bouchard and President Bush is rumored to be planning a campaign swing next month. But meet with Detroit's automakers? Nah, why should the president care whether U.S.-owned automakers, burdened by fierce foreign competition and cumulative decisions that threaten to swamp …
Last reply by ellives, -
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Toyota is working hard to sell themselves as a American company and making claims of 10 American plants. Well GM posted this billboard with their responce to Toyota's claim. Not sure where it was but the photo was on a GM blog site. To bad they don't take the lead and be more proactive in their advertising more often. It is time to not be Mr nice guy anymore.
Last reply by jry, -
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On my way out of Lexington this morning, I spotted a billboard that said: "We'll see your 10... and raise you 44. 54 plants in the U.S." And it had all the brands underneath and the big blue GM badge on the right-hand side. Thats probably one of the best ads I've seen from GM in a while. I wasn't even aware that they were doing this. I think its a great jab back at Toyota.
Last reply by jry, -
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Rendezvous
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LETTER TO THE EDITOR Why cancel Buick's Rendezvous? JAMES M. DOLLINGER, Chairman, Dollinger Motors Inc., Flint, Mich. Automotive News / August 21, 2006 - 6:00 am To the Editor: The Buick Rendezvous has sold well, mostly through inexpensive leases. It is Mexican-made, with a French name, looks imported and was promoted as "The Spirit of American Style." Although not an example of classic marketing, it did bring new customers to Buick. Similar to previous loyalists -- Park Avenue lease supports were pulled April 1 as the spring market arrived -- Rendezvous lessees will scramble for a replacement within their budget when General Motors introduces the more…
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GM's XM Satellite Radio Option Now $199 XM Satellite Radio is One of the Fastest Technology Rollouts in GM History DETROIT - General Motors has lowered the option price of factory-installed XM Satellite Radio (NASDAQ: XMSR) by 39 percent to $199, from $325, beginning with most model-year 2007 vehicles. More than 90 percent of GM's model-year 2006 and 2007 U.S. retail vehicles offer factory-installed XM Satellite Radios as either an option or as standard equipment. "The economies of scale and engineering efficiencies brought by the rapid pace of XM Radio installations across GM's product lineup allow us to pass along cost savings to our customers," said Mark LaNeve, …
Last reply by mr.nice, -
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GM to Dealers: "No More Full Tank Freebies" [T]he General's laying down the law on dealerships in the latest missive from the bean-counting bureaucrats at the RenCen...by making it clear they'll no longer reimburse dealers for a full of tank of gas upon delivery. Instead, the Detroit-based automaker will be handing the dealership $20 for cars and $30 for trucks -- which if we've calculated correctly, will mean the dealer will be able to pump just over six gallons into a car and ten gallons into a truck without dipping into their own pockets. Editor's Note: You can also find the actual letter to dealers at the link. Read "GM Says To Dealers: No Gas For You!" @ Jalo…
Last reply by regfootball, -
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http://64.65.63.61/forums/showthread.php?t=467420
Last reply by SimonDavid, -
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I have seen photoshop pics of the gnx, but i wonder if there is any substance to the idea!!!! I dont know if it will help the security of Buick but it is a kick a$$ idea!!!!!
Last reply by Chicagoland, -
Bonus Dollars
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Starting Tuesday 8-29 through Labor Day, cars get $500, $1,000 on P/Us and Full Size Suvs, and $1,500 on Mid Size SUVs. GM just doesn't get it. They let the month slip away, then blast the market with overkill and meanwhile ruin the Holidays once again for those in retail. We'll go nuts for a few days and then return to the excitement of funeral procession. How will people feel who purchase this weekend only to discover they got screwed for want of a couple days. Once again I'll profess that until GM changes their marketing once and for all, the decades of decline will continue, Wagoner will continue to chop and cut, and GM will be extremely lucky to stay in business desp…
Last reply by Matt276, -
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It's official, GM announced the return of the Camaro. You can read the aritcle for more details. The summary is a $740M investment and the Camaro "rolls off the line in 2008". That'd be a year early, no?
Last reply by I hope GMRULES again, -
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click here Take a look at the sales chart that Flint presents! What is that reverse alphabetical order with mistakes?
Last reply by The O.C., -
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Well Friday I overheard 1 of the head business managers discussing how GM was breathing down our dealerships back for being down... GM apparently is up 13% (and it might just be a certain segment, or just overall) but our dealership (2nd largest in western Devision) is down on sales... so i got to thinking... What is up 13%...? did anyone notice a certain segment that last month was up 13%? and why would our store be down? if comparing between augusts sales... I wonder if this has to do with inventory from 2005? because August we still had lots of inventory... durring GMS last year we blew out 1500 brand new chevys in just 4 months... the inventory crunch neve…
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New GP/GTO???? In any case it is a new Holden and it looks good! posted on Drive.comau HSV's eagerly awaited E-Series performance sedan has broken cover a full week ahead of its official launch because of a silly mix-up in embargo dates. Pictures of a white E-Series sedan, most likely a Clubsport, were apparently published by a government department mistakenly advised by HSV that the vehicle's official launch was yesterday, Wednesday August 16. The launch was actually put back a week until Monday 21 August, but it seems this small detail never got to the department in question. These pictures, picked up by enthusiast sites like LS1.com.au, are only the second tim…
Last reply by BuddyP, -
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The Car Connection on 8/14 reported the following news: GM Saving Billions with Mid-Sizers New mid-size cars from General Motors-among them, possibly the new Malibu posted here on TheCarConnection this week-are significantly cheaper for the company to develop, according to a report in Automotive News. The paper says GM has been refining its development processes and has trimmed $1 billion from the development tab it would have accrued under its former ways. The News says GM is apportioning projects to centers of expertise around the world, eliminating competition within the GM empire, and is cutting its engineering expenses as a result. Nine new vehicles worldwide will…
Last reply by CARBIZ, -
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Spending Green To Go Green BMW, GM, DCX to spend $1 billion on hybrid transmissions By RICHARD TRUETT | AUTOMOTIVE NEWS AutoWeek | Published 08/11/06, 10:17 am et Link to Original Article @ AutoWeek Going green isn’t cheap. Andreas Truckenbrodt, executive director of hybrid powertrains for DaimlerChrysler, revealed General Motors, BMW and DaimlerChrysler will spend at least $1 billion to develop a pair of "Two Mode" hybrid transmissions to be used in full-sized SUVs, luxury vehicles and front-wheel-drive cars. The $1 billion is not equally divided among the automakers, said Larry Nitz, executive director of hybrid powertrain engineering for GM. That's because th…
Last reply by Drew Dowdell, -
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GM Opens First-Ever LEED-Gold Certified Automobile Manufacturing Facility Link to Full Press Release @ GM Media Lansing, Mich. -- General Motors’ new Lansing Delta Township Assembly Plant has received a gold certification from the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) program. The building is the only automotive manufacturing plant in the world – as well as the largest facility and the most complex manufacturing site -- to ever receive any level of LEED certification. LEED certification is the building industry’s well-respected recognition of superior energy and environmental design and construction. A gold certification r…
Last reply by NOS2006, -
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GM Considers Selling West Mifflin Plant Aug 15, 2006 10:42 am US/Eastern Link to Original Article @ KDKA.com (AP) WEST MIFFLIN, Pa. A union official at the General Motors auto parts stamping plant in West Mifflin say the company wants to sell the plant instead of closing it down as was announced last year. If the plant is sold, it could save nearly 400 jobs there, according to Rick Mismas, shop chairman of the United Auto Workers local at the plant just east of Pittsburgh. Mismas told the Pittsburgh Tribune Review that workers were advised of a possible sale in a union newsletter last week. General Motors announced in November that it was cutting 30,000 jobs to save…
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Funny Papers
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From the Annual Report, a disclaimer that the financial statements are not credible. "General Motors' management is responsible for establishing and maintaining internal controls over financial reporting and disclosure controls. Internal controls over financial reporting are designed to provide reasonable assurance that the books and records reflect the transactions of General Motors Corporation and subsidiaries and that established policies and procedures are carefully followed. During 2005 GM identified three material weaknesses in internal controls, relating to statements of cash flows, accounting for vehicles on operating lease with daily rental car entities, and…
Last reply by haypops, -
Behind The Mask
by Guest buickman- 1 follower
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Behind The Mask Jim Dollinger Saturday, August 12, 2006 Here is further proof that GM intends to close Buick and probably Pontiac. How can you not have an "identity" after 100 years? Management is falsely protraying their intentions as their plan is to eventually own and control distribution. This hidden agenda is part of the reason the call was made for the indictment of "Red Ink Rick". Please don't be fooled by the spin offered by PR experts. The market share slide and the move to offshore production continues. Forbes.com Market Scan GM Ready To Roll In 2007: Report R.M. Schneiderman, 08.11.06, 8:15 AM ET Ailing auto giant General Motors will begin to …
Last reply by Petra, -
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Not sure if this is the proper forum for this question, but where are the various GM locations in the US? More specifically do they have an office or something in Traverse City, MI? On the recently added Camaro production announcement topic from the homepage, there was a GM newsletter with information on it's release and I noticed that it said Traverse City, MI near the beginning of the main article. My wife's family, and her and I, have all considered moving out near that area, but were concerned over what work would be available. Of all the years we've traveled to Traverse(from Chicago), none of us knew there was anything GM related in the area. Can anyone confirm?…
Last reply by Newbiewar, -
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Market Scan GM Ready To Roll In 2007: Report R.M. Schneiderman, 08.11.06, 8:15 AM ET General Motors Ailing auto giant General Motors will begin to see the benefits of its new product line starting in the first quarter of 2007, according to a Thursday report by Credit Suisse. Rob Hinchliffe, an analyst for the research firm, said negative margin trends should continue throughout the third quarter for the company, before improving slightly in the fourth. The report was released following GM's analyst day on Wednesday during which the company introduced new products such as T900 pickup and the Lambda crossover SUV. "GM will launch a rich, crew cab T900 pickup…
Last reply by HarleyEarl, -
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GM’s New Brand Strategy: Chevy Uber Alles By Andrew Dederer July 31st, 2006 1,000 Views When Alfred P. Sloan took the reins at General Motors, he had a clear vision of the company’s future: “a car for every purse and purpose." Sloan’s business model– offer customers a wide range of vehicles across distinct brands and encourage them to move “up” within the portfolio– was wildly successful. GM soon replaced Ford as US market leader, and never looked back. Ninety years later, the same structure is in place, but the car market has changed. And GM’s portfolio is part of the problem, not the solution. While most enthusiasts recognize the philosophy behind Sloa…
Last reply by Ghost Dog, -
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General Motors Responds to Editorial The Toledo Blade August 7, 2006 How ironic that The Blade's smugly ignorant editorial on General Motors ("D-Day near for GM," July 31) referred to D-Day. Both the D-Day invasion of Normandy and your editorial relied upon misinformation. The military used misinformation before the invasion to confuse the Germans and help end World War II. We're still puzzled why The Blade used misinformation against GM, which has helped support Toledo 's economy since 1916. One gets the sense after reading the editorial that The Blade, rather than bothering to do any research, based its assessment of GM on faded memories of the satirical film,…
Last reply by regfootball, -
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http://biz.yahoo.com/prnews/060809/law079.html?.v=66
Last reply by regfootball, -
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We all know GM has a long way to go, but how about this headline: "GM exec: Sales slide finally over". To read the article, which is in today's Detroit News, click here.
Last reply by 97regalGS, -
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edmunds
Last reply by regfootball, -
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This might not be the most important news of the day, but it is very nice to hear. Since this will most likely be a pure digital connection (like the VW and BMW), the sound will be MUCH better than the current AUX jack on SOME GM models. Add the intergrated controls on the radio (again, like the BMW and VW), and I think this will be another one of those "on the fence" options. Given the staggering number of people who own these things, I think this will be a bargaining tool much like XM radio and OnStar. I think this is a good move for GM. Here is a link to the CNN article: http://money.cnn.com/2006/08/03/technology....reut/index.htm
Last reply by El Scorcho, -
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Crazy for color Right hues mean lots of green to GM, carmakers Brett Clanton / The Detroit News Top colors The most popular vehicle paint color choices in North America Color 2005 2004 Silver 18% 18% White/White pearl 17% 16% Gray 15% 10% Blue 12% 11% Black 11% 11% Red 11% 14% Light brown 9% 11% Green 4% 5% Yellow/gold 2% 2% Others 1% 2% Charles V. Tines / The Detroit News "Blue is going to be the biggest story for '07, '08 and '09," says Christopher Webb, a color designer for GM. A group of GM designers is assigned the task of predicting the trends. The current hot color is silver. See full image Charles …
Last reply by 76ChevyTrucker, -
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Link To Article Well i woke up this morning to a pleasent picture on the cover of MSN.com a Z06, with the title Americas 2006 Highest Quality cars then once i clicked that, i see the HHR
Last reply by SableStyle, -
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I AM SURE THAT I WILL BE DRILLED FOR SAYING THIS. BUT I THINK THE NEW G5 DOES HAVE SOME APPEAL TO IT. I THINK IT WILL BE CHEAP ENOUGH AND SPORTY ENOUGH TO ACTRACT THE YOUNG CROWD. FROM A DEALER STAND POINT, I KNOW WE NEED SOMETHING IN THE PRICE RANGE OF 13K - 19K. WE DID JUST RECEIVE THE PREDELIVERY INSPECTION PAYMENT, WHICH MEANS WE SHOULD HAVE IT WITHIN A MONTH. I WILL BE THE FIRST ONE TO SAY THAT I AM EXCITED TO SEE IT.
Last reply by ToniCipriani, -
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Old News, of course, but oh well. From Leftlanenews.com Read the Washington Post Article here: ARTICLE HERE
Last reply by deftonesfan867, -
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Tom Walsh, in the 8/5 Detroit News, says GM's new product strategy and marketing plans are making sense. And that GM may announce the building of the Camaro later this week. To read Mr. Walsh's article, click here.
Last reply by Dsuupr, -
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So where's all the news about Toyota's recalls?! Instead the Detroit News reports that the big 3 market share is the worst ever. Why can't Toyota's bad news be on the front page?!! Please post your comments on this. GM is on their biggest turnaround, and are doing this faster than ever but for some reason everyone wants to pile on them-STILL. It seems GM can't do any right in the American medias eyes, yes I know there are some positive reports finally coming out, but the tide has not turned fully yet. Ford on the other hand...sorry guys I can't help you there! http://detnews.com/apps/pbcs.dll/section?Category=AUTO01
Last reply by capriceman, -
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GM, Renault's mini alliance Automakers weighing global tie-up already produce vans jointly Bill Vlasic and Christine Tierney / The Detroit News General Motors Corp. The Movano, produced by GM and Renault's joint venture in Europe, is sold under GM's Opel brand. The nearly identical Master is sold with a Renault badge. See full image Successful partnership A joint venture between General Motors Corp., Renault SA, and later Nissan Motor Co., has been successful. The venture builds 250,000 vans a year. The companies have sold 1.2 million vans since 1999. GM shares increase for 10th straight day While the business world obsesses over a possible alliance of Ge…
Last reply by Shantanu, -
MEDIA BIAS
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I knew I shoudn't have read the Wheels section of the Star before I'd had my first drink of the day, but.............. Just because the Impala is selling well and has won praise from some members of the media, the Toronto Star had to publish something to drag it down. After all - now that GM is making money again, Toyota may have to cut back on its payments to Mark Richardson, the so-called editor of the Wheels section. So today they printed a letter from one Robert Reid of Oshawa (some coincidence there, I think) who rented an Impala in California recently. Other than bitching about the mirrors being too small and other nitpicks, I will quote the section that m…
Last reply by 97regalGS, -
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Some older models are suddenly hot sellers Chevy Impala, Pontiac G6, PT Cruiser, Saturn Ion are mong those seeing big gains An analysis of new car and truck sales at the halfway point in the model year confirms some now long-familiar trends -- but also reveals some surprising developments. The rush to smaller cars -- fueled in part by high gasoline prices -- is not only moving new compacts off the sales floor, but also more familiar cars that have been around a while. The Chrysler PT Cruiser had a 7 percent sales increase during the first six months of 2006 compared with 2005, according to J.D. Powers and Associates sales reports. Sales of the retro-styled car jum…
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Lustful Leanings autoweek
Last reply by regfootball, -
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http://www.marketwatch.com/News/Story/Stor...hoo&siteid=yhoo SAN FRANCISCO (MarketWatch) - General Motors, DaimlerChrysler and Ford Motor Co. on Tuesday all handed in double-digit declines in July U.S. auto sales from a year ago, when aggressive employee pricing discounts whipped up demand, making the year-on-year comparisons especially brutal. But Toyota Motor (TM : toyota motor corp sp adr rep2com News , chart, profile, more Last: 103.23-1.99-1.89% 2:37pm 08/01/2006 Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: TM103.23, -1.99, -1.9%) and Honda (HMC : Honda Motor Co., Ltd. News , chart, profile, more …
Last reply by Newbiewar, -
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AP Tracinda: Nissan, Renault Want GM Stake Friday June 30, 9:29 am ET Renault and Nissan Want Stake in GM, According to Investor Kerkorian's Tracinda Corp. NEW YORK (AP) -- Automakers Renault SA and Nissan Motor Co. are interested in purchasing a significant stake in General Motors Corp. and including the struggling automaker in their alliance, according to a letter sent Friday to GM from billionaire investor Kirk Kerkorian's investment company. Shares of GM jumped $3.22, or 11.7 percent, to $30.66 in pre-market trading, having closed Thursday at $27.44 on the NYSE. The letter from Kerkorian's investment company, Tracinda Corp., said it believes Renault and Nissan a…
Last reply by GEESIXER, -
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Wagoner Wins A Round Financial results buoy CEO’s assertion that turnaround is working.by Joseph Szczesny (2006-07-31) Link to original article @ TheCarConnection.com Richard Wagoner, GM's embattled chairman, appears to have shored up his position thanks to a stronger than expected showing by GM during the second quarter. The second-quarter results, despite the $3.2 billion loss the company posted, showed that the company's turnaround efforts are paying dividends. The second-quarter results were widely seen as a vindication of turnaround effort GM has mounted despite some criticism from Jerry York, who is now a member of GM's board and is the chief lieutenant o…
Last reply by Newbiewar, -
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http://www.msnbc.msn.com/id/13939015/ I know there are a lot of "import" media apologizers, but if this just isn't the kick in the balls to the Domestics. Just to prove that the imports do not have bad cars, Forbes brings you the Worst American cars. For this article, the media has no problem with making the distinction between American cars and those built in America, "we mean vehicles built by American brands and sold here, not cars that are built by foreign companies in the U.S." The Camry is all American if you listen to Toyota and CR, but in this instance, whoops, only cars manufactured by American companies need only apply. Twisted logic: One of the worst is t…
Last reply by balthazar, -
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The Detroit Free Press published an article July 23rd, "An Informal Club: Retirees, coffee and GM," in which several people voiced their opinion about GM's current state of affairs. One sidebar focused on "5 Things They Want CEO Rick Wagoner to Know." To read the entire story, click here.
Last reply by CARBIZ, -
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GM's performance wows Wall Street Associated Press Jul. 27, 2006 12:00 AM General Motors Corp. lost $3.2 billion in the second quarter because of heavy charges for layoffs and early retirements, part of its massive restructuring program. But without those charges, the world's largest automaker scored a profit that blew Wall Street away and bolstered management's claim that the turnaround is working. GM shares rose $1.34, or 4.4 percent, to close at $32 on the New York Stock Exchange. They have traded in a 52-week range of $18.33 to $37.57. The loss of $5.62 per share in the April-June period compared with a loss of $987 million, or $1.75 per share, for the same peri…
Last reply by MRDETROITMETAL, -
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http://www.detnews.com/apps/pbcs.dll/artic.../607290395/1148 After reading this article, it appears to me that there is somewhat of an alliance underway....that has been in the works since the late 90's. How separate is GM Europe from General Motors here in the states?
Last reply by HarleyEarl, -
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BY MICHAEL ELLIS FREE PRESS BUSINESS WRITER General Motors Corp. shares closed above $30 for the first time in more than nine months on Tuesday amid growing expectations that the troubled automaker could post an operating profit today. The higher stock price put billionaire investor Kirk Kerkorian back in the black on his nearly $1.7-billion investment in GM stock. If GM beats earnings forecasts, analysts say CEO Rick Wagoner could tout the figures as proof that his turnaround plan is succeeding and the automaker doesn't need to join an alliance with Nissan Motor Co. and Renault SA. "I believe that it will demonstrate beyond any possible doubt that Mr. Wagoner is …
Last reply by GMman, -
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http://today.reuters.com/stocks/QuoteCompa...TE-1.XML&rpc=66 I have one question. What is the difference between operating profit vs net profit ? I am guessing the net profit includes the cost of laying off 35,000 workers and closing 12 plants, right ? DETROIT, July 26 (Reuters) - General Motors Corp. (GM.N: Quote, Profile, Research) on Wednesday posted a larger-than-expected quarterly operating profit as it slashed costs in North America and raised its cost-cutting target by $1 billion, sending its shares up 5 percent. GM, the world's No. 1 automaker by sales volume, reported its net loss widened for the second quarter after writing down previously announced cost…
Last reply by VenSeattle, -
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Earnings Preview: General Motors Corp. NEW YORK (AP) - General Motors Corp. reports earnings for the fiscal second quarter on Wednesday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: All three of the Detroit automakers posted declines in June auto sales, prompted by higher gas prices and tough comparisons with the start of last summer's heavy incentives. In addition, GM's ongoing restructuring programs is also expected to impact the Detroit-based automaker as it struggle to right-size its operations and deal with mounting pension and health care costs. GM, the world's largest automaker, saw its sales plunge 25.7 pe…
Last reply by Member55, -
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Probably GM itself won't bother with any publicity ( after all, this includes Buick, and, in fact, Buick is ranked above Cadillac here ), so here is the J.D. Power Customer Service Index announced July 20th. It's based on a thousand-point scale: 1. Lexus 912 2. Buick 911 3. Cadillac 909 4. Jaguar 908 5. Lincoln 906 and the rest... Mercury 905 Saturn 904 Pontiac 903 Audi 890 MINI 890 Volvo 890 Acura 889 Chevrolet 887 Infiniti 887 Porsche 88…
Last reply by Jazzhead, -
Investor Insight
by Guest buickman- 1 follower
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www.BillCara.com July 17, 2006 GM: like flies to manure I am unimpressed with anything I read about the state of affairs at General Motors. I sold it a year ago at $35, and about six months later the stock hit a low close of $18.33. I call GM a pure speculation - the antithesis of quality companies (like the Cara 100) where most people should be focused on trading shares. Today in Japan there is published speculation as to whether Auto giant Toyota Motor (a Cara 100 component) will let third-stringer Nissan Motor go into a tripartite alliance with Renault and GM. Some of you may see this as a defensive move by Toyota. I see it more as a case of flies being a…
Last reply by CARBIZ, -
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It looks like Holden is bringing the new VE to the states for the GM board to drive and I am sure the press to drive. He is the full strory from DRIVE.COM.AU Drive.com.au It’s only just been revealed, but already Holden’s VE Commodore is embarking on a world tour. "Holden has developed a secret plan to pitch the new VE Commodore SS to its parent General Motors as a Pontiac sports sedan model in the USA. The future of the plan, which estimates a $20 million cost to legalise the car for North America, could rest on a sample drive by the General Motors board of directors in Detroit early in August. At the same time board heavyweights, led by chairman Rick Wagoner and…
Last reply by Mr.Krinkle, -
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Source: Spanish.autoblog
Last reply by Sixty8panther, -
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It seems far-fetched, but that's the title of an article online at businessweek.com. To view the piece, click here.
Last reply by Newbiewar, -
Suzuki Announces New SX4 Designed for U.S. Market
by Guest Josh- 9 replies
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BREA, Calif., Nov. 30, 2005 -- American Suzuki Motor Corporation (ASMC) today announced a specially designed U.S. version of the all-new Suzuki SX4 vehicle is slated to hit dealer showrooms in the United States next year. Production of the European version of the sport X-over SX4 in Eastern Europe also was announced today. The all-new SX4 features a versatile, rigid five-door design, an available all-wheel-drive system, and for the U.S. market, a sophisticated fuel-sipping 2.0-liter DOHC engine. "Suzuki is known for its success with small vehicles in Asia and Europe," said Koichi Suzuki, president, ASMC Automotive Operations. "The all-new 2007 Suzuki SX4 …
Last reply by Robert Hall, -
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http://www.chevrolet.com/ Nothing real exciting. Just thought I'd let everyone know.
Last reply by pow, -
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GM fleet sales to drop at least 60,000 units in 2006 Link to original article @ AutoWeek By JAMIE LAREAU | AUTOMOTIVE NEWS AutoWeek | Published 07/17/06, 8:37 am et DETROIT -- General Motors' fleet sales for 2006 in the United States will be down by 60,000 to 70,000 units compared with last year, says a GM executive. The automaker is also getting better pricing on units sold to fleets this year and is optimistic about the direction of retail sales. GM's fleet sales are in "the mid-20" percent range as a portion of total sales through June, Mark LaNeve, GM's vice president of vehicle sales, service and marketing, said in an interview with Automotive News. GM's f…
Last reply by LTB51, -
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The WSJ reported that GM will entertain a pact with other companies, should the N-R deal fall through. It sounds almost like Rick has planned out the outcome of the 90 review. Well anyway, I got to thinking about VW. What do you guys think of those companies coming together in some capacity? VW wouldn't threaten GM in North America at all and the 2 companies would be a juggernaut in Europe, Asia, and South America. Unlike Nissan-Renault, VW does have some good technology and masterful interior making that could actually help GM in America. On the downside, VW is plagued with their own problems too, but not to the extent of Ford.
Last reply by hyperv6, -
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Merger of GM and Ford? http://www.clickondetroit.com/automotive/9531269/detail.html
Last reply by FUTURE_OF_GM, -
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GM touts sweeter financing deals Instead of last year's employee discounts for all, more cash rebates, 0% loans are on tap. Link to original article @ DetNews.com Brett Clanton / The Detroit News General Motors Corp. will launch discount programs today for six of its eight vehicle brands to pump up sales on the back end of the busy summer selling season. The program will feature new cash incentives on select 2007 models and a menu of zero-percent financing options on remaining 2006 models that may turn out to be well-timed. In the face of rising interest rates, a growing number of car buyers are choosing attractive financing deals over other discounts, new research …
Last reply by daves87rs, -
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by Chris_Doane-
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Last reply by Member55, -
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I figured the readers and responders on this forum may generally agree and be able to relate to this particular write up in the Washington Post. The author touches on some good points - that mainly Kerkorian has proposed this alliance or merger with Renault simply for the price of the stock - with absolutely no regard for the long term health and well being of General Motors. Moreover, he touches on how unsuccessful Nissan (and Renault) have been in so many areas, even in some where they've tried to take on GM directly (like the Titan). http://www.washingtonpost.com/wp-dyn/conte...6071401040.html
Last reply by ellives, -
How can Rick keep Kirk at bay?
by Guest buickman- 1 follower
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Automotive News Charles Child 7-12-06 It's clear that Kirk Kerkorian will not let up on Rick Wagoner, CEO of General Motors. Kerkorian's implied threat to replace Wagoner with Carlos Ghosn is just a start. Kerkorian, the crazy-like-a-fox billionaire from Las Vegas, will keep prodding Wagoner to perform. But I have a plan that might keep Kerkorian at arm's length. OK, Wagoner is not Ghosn. But there's no reason why he can't act like the celebrated CEO of Renault SA and Nissan Motor Co. Ghosn stood tall at Nissan by spelling out specific sales and financial goals after he took command of the troubled Japanese automaker in 1999. Under his first three-year pro…
Last reply by ellives, -
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A Smaller GM Might Be a Beautifuller GM Date posted: 07-10-2006 I suppose that General Motors' current obsession with E85 ethanol promotion makes it the world's largest all-natural organic car company. After all, corn is organic and ethanol is distilled from starch crops, including corn — all-natural. And yes, being based on the California coast absolutely makes me a nuts and granola kinda guy, so I'm bullish on grain-alcohol fuels. The downside is that in the whole state, there are only four places that offer E85 (85-percent ethanol, 15-percent gasoline) fuel. Of these, only one sells to the public, so if you don't live near the Regional Transportation Center in San D…
Last reply by ellives, -
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Source: Gaywheels.com Gaywheels.com Top 10 Vehicles: GLBT Consumers Loyal to Gay-Friendly Auto Brands ATLANTA, GA – The sporty new 2007 Saturn Sky two-seat convertible has generated the most interest among gay and lesbian car shoppers and enthusiasts, according to Gaywheels.com, the first automotive website specifically targeted to the GLBT community. Revealing for the first time specifically which vehicles the GLBT consumer is considering, Gaywheels.com has released its list of Top 10 Most Researched Vehicles. "There are many stereotypes about what we as a community drive and to a certain extent, stereotypes are based on the most visible members of our community. …
Last reply by Paolino, -
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Just Announced...Chrysler to begin employee discount to everyone beginning July 1st. Will GM follow suit, or risk further market share loss? What options are available besides a similar brand eroding program? In my opinion, of course, the answer is Return to Greatness. Most likely, according to sources is Zero for 72. Any other suggestions? Buickman
Last reply by Mr.Krinkle, -
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i'll try to get the address the SS V is HOT!
Last reply by Ghost Dog, -
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http://www.freep.com/apps/pbcs.dll/article.../607110345/1014 looks like busy few days for RW. hope nobody wet themselves.
Last reply by the_yellow_dart, -
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must be upset with all the criticism of that ass Friedman, so they had to fire back with another anti GM piece. Chevy Quiz: How Many SS's Are in Excess?
Last reply by Mr.Krinkle, -
GM Death Watch 84
by Guest buickman- 1 follower
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From www.thetruthaboutcars.com Robert Farago 7-10-06 After carefully considering the potential benefits of a GM - Nissan - Renault alliance, auto industry analysts have concluded that the deal makes about as much sense as Finnegan’s Wake. Well duh. Anyone even vaguely familiar with GM’s current crisis knows there’s only one thing the General needs right now: vehicles that people want to buy, at a price that makes the company a profit. This they don’t have. And guess what? Neither does Nissan. The Japanese automaker’s sales are also in freefall, pending new product coming down the pike. Even if Nissan and GM and Renault could work together (a completely prepos…
Last reply by 91z4me, -
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GM won't revive employee pricing For now, the carmaker wants to focus on lower vehicle prices while Ford, Chrysler push discounts. Brett Clanton / The Detroit News Link to original article @ DetNews.com DETROIT -- After letting a no-interest financing promotion expire Wednesday, General Motors Corp. is resisting the temptation to roll out another big summer sales promotion -- for now. GM told dealers this week it will reinstate until July 18 the rebates and low-interest financing deals that were in place before the automaker's "GM 72 Hour Sale" launched nationwide on June 27. The automaker has not said what it will do after that. But officials are clear on one point…
Last reply by Imaj, -
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here you guys want more juicy info, g.M.-i has a topic with more interesting links. the scuttlebut is Saab was ready to debut a plug in hybrid at Stockholm and GM 'pulled the plug' almost literally at the very last minute. Another GM brand will be getting credit for the plug in hybrid. Like I said, mosey over there and you will find it. its all to common these days to find all the new news articles at that site......i never see them here anymore........... GM, the plug in hybrid king?
Last reply by PurdueGuy, -
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http://money.cnn.com/2006/07/10/news/compa...rtune/index.htm im still not buying into this whole thing. any change really wouldnt be evident until at least 3 years. i dont know if thats conservative or not. the best thing he got going for him is if the smaller euro cars made their way here. nonetheless it seems overly complex and just unnecessary. maybe if this were 10/15 years ago talks like this might have made some more sense. the clio seems like a neat little car though. probably do real well here.
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http://www.ktrv.com/Global/story.asp?S=5100193 I saw something on this while watching Faux News (Cavuto) a few nights ago. They said that according to the US government, the Mustang and Suburban, two distinctly American-looking vehicles (original pony car and full-size SUV), are actually not American (65% and 68%, respectively; 75% and up qualifies as "American"), while the Toyota Camry, something traditionally viewed as an import, is (80%). Of course, they had to mention that the Prius, "something very popular in California", has zero American content.
Last reply by AAS, -
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http://media.gm.com/servlet/GatewayServlet...=74&docid=27165 FOR RELEASE: 2006-07-07 GM To Proceed With Exploratory Discussions With Renault, Nissan North American turnaround strategy remains top priority DETROIT - The General Motors Board of Directors today endorsed a recommendation by the company's senior management that it engage in exploratory discussions with Renault and Nissan regarding GM's potential participation in an alliance among the three companies. "The GM Board of Directors authorized management to proceed with its plan to consider ideas the other two companies have and to weigh the potential benefits of such an alliance in order to assist the B…
Last reply by wpbharry, -
Rick Wagoner LIVE On CNBC Right Now
by Guest Josh- 1 reply
- 1.1k views
Just went to a commercial but they have him for another 15 minutes. He's already been asked some pretty candid questions about the state of General Motors and the Alliance with Nissan/Renault. Be sure to tune in.
Last reply by thegriffon, -
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Tuesday, 07/11/06 GM seeks 750 temps to replace 1,300 Spring Hill early retirees 150 down, 600 to go as automaker scurries to train new workers By BUSH BERNARD Staff Writer General Motors Corp. will hire as many as 750 temporary workers this year for its Spring Hill plant, to fill spots left vacant by workers taking early retirement and buyouts. The company has 150 on board now and plans to add 600 more as it loses more than 1,300 longtime employees as part of a work-force reduction. GM is shutting down a half-dozen assembly lines — including one of the two lines in Spring Hill — to bring production in line with shrinking sales. The company won't need the 5,000 pe…
Last reply by 76ChevyTrucker, -
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GM CEO put in charge of exploring deal Link to original article @ San Jose Mercury News San Jose Mercury News By Michael Ellis July 08, 2006 General Motors' board of directors Friday issued Chief Executive Rick Wagoner a vote of confidence by putting him in charge of talks with Renault and Nissan Motor on possibly joining the French and Japanese automakers' alliance. After an unusually short meeting lasting about 80 minutes, the board did not follow the suggestion that billionaire investor Kirk Kerkorian first aired publicly last week that GM directors form a committee to study the benefits of a three-way alliance. The board instead gave Wagoner the OK to meet wi…
Last reply by FUTURE_OF_GM, -
KIRK
by regfootball- 1 follower
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we don't want no stinking partnership.
Last reply by regfootball, -
On the Blacktop
by Guest buickman-
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Sore Dealer Sounds Off Mac Gordon Ward's Dealer Business, Jul 1, 2006 12:00 PM A West Coast Buick-Pontiac-GMC dealer, with an interest in a foreign brand near his main showroom, agreed to a candid discussion with Ward's Dealer Business. His identity is withheld, except to note the dealership's roots in an affluent suburb date to 1960. WDB: How's business? Terrible. We once sold 60 new Pontiacs a month. Now we're lucky to sell 15. Our Buick line has been whittled down from four sedans to two, and sales have dropped accordingly. GMC sustains our profits, but now, with gas selling for $3.50 a gallon around here, Yukon SUV buyers are heading for the Japanese brand…
Last reply by balthazar, -
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FOR RELEASE: 2006-07-06 General Motors Announces Collaboration With State Of Ohio And Kroger Stores To Help Bring More E85 Ethanol Fuel To Key Areas Of The State GM Provides Ohio with E85-Capable Chevrolet Tahoe for Educational Use COLUMBUS , Ohio – General Motors today announced that it has facilitated plans for the addition of several new E85 ethanol fueling sites in central Ohio thanks to a collaborative partnership with Kroger Stores and the State of Ohio. 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 announ…
Last reply by Shantanu, -
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It's from an WSJ article, but it's a pay site, so unable to read it. But that was the headline. THANK GOD! The best decision Wagoner, Lutz, and Co., have made in a while! I think they need to go through the motions and consider the deal, but in the end, they will reject it. And I think the board will go ahead and reject it as well. It's the wrong time to consider an alliance like this. Besides, if GM starts making money sometime soon, they may be able to buy Nissan-Renault in a few years.
Last reply by I hope GMRULES again, -
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Link to full story at Yahoo! News/Reuters GM consolidates top spot in China auto market Chinese workers work at a production line at the General Motors Corp.'s new plant in Shanghai, May 28, 2005. General Motors Corp., the world's largest auto maker, said on Tuesday its sales in China rose 47 percent in the first half of 2006, as it benefited from a stronger-than-expected domestic market. (China Newsphoto/Reuters) SHANGHAI (Reuters) - General Motors (NYSE:GM - news), the world's largest auto maker, consolidated its position as China's top vehicle seller in the first half of 2006, as booming demand helped the domestic market post healthy gains all around. GM, whic…
Last reply by zhawk, -
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Tick, Tick for Rick
by Guest buickman-
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Time for Wagoner to Show Why GM Needs Him Detroit Free Press Tom Walsh JUly 4, 2006 If General Motors Corp. CEO Rick Wagoner wants to keep his job and lead GM's revival his way, he needs to show Kirk Kerkorian and Wall Street the light at the end of GM's turnaround tunnel. Very soon. And if that means blatantly lifting a page from Carlos Ghosn's turnaround playbook at Nissan Motor Co. -- by setting specific near-term revenue and profit targets and vowing to resign if they are not met -- then Wagoner ought to do it. Forget all the highfalutin talk about synergies, made in Friday's proposal by Kerkorian's Tracinda Corp., that GM should join forces in a global…
Last reply by regfootball, -
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click here A bit of warning: The car Connection sometimes goes a little silly when they leave the nuts and bolts of autos.
Last reply by Intrepidation, -
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I don't think R-N tie up is good for GM at all, just for the fact that GM doesn't gain much. I wouldn't mind a tie up if GM gained quite a bit out of it. With that being said, I think Honda and VW would be the best partners for GM if GM had to be in an alliance. Both companies have technologies that GM could use. GM could help VW in America, and vice versa in Europe. Outside of those 2 companies, I'm not excited about any others. But what about Ford? Hmm...GM buying Ford and dumping Lincoln, Mercury, and Pontiac? Could that work? It would be a juggernaut in North America and Europe for sure.
Last reply by Sixty8panther, -
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As much as I shake my head at the amateurish nature of their Buick LaCrosse CXL review [ see separate C&G thread under Buick ], they are presenting a thought-provoking piece called "Detroit's Seven Deadly Sins." To read it, click here.
Last reply by regfootball, -
GM's SEC Investigations.....
by Guest Josh-
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While I've been reading much about how Buickman is right, wrong, stupid, ignorant, etc........ Lets remember this..... While Mr. "Ink," Wagoner may be setting the ship on it's right course.....there are still 4 open investigations from the SEC on GM's finances and....1 law-suit that the company could be on the hook for billions.
Last reply by Newbiewar, -
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A Tale of Two Companies
by Guest buickman- 1 follower
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It is the time of turnaround... It is the time of desparation. We are all headed to profitability... We are all headed to bankruptcy. Carlos Ghosn to Meet Rick Wagoner July 14... Better known as... BASTILLE DAY!
Last reply by haypops, -
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now that we have the FRENCH and JAPANESE moving in on trying to take apart one of our All-American industrial giants, do you think maybe its time some of the people in WASHINGTON, namely GWB and the congress wake up and smell the fact that our policies have threatened to wipe out some of our most prized US businesses?
Last reply by Satty, -
More Excuses, Same Results
by Guest buickman- 2 followers
- 35 replies
- 3.4k views
GM: June sales dive spells brutal summer Bill Vlasic / The Detroit News DETROIT -- Sales at General Motors Corp. dropped sharply in June as the No. 1 U.S. automaker grappled with the long-term impact of its shrinking market share. GM's top sales executive said Tuesday that he was hopeful that the company's U.S. market share had hit bottom at 22 percent in June, but acknowledged that gains will be hard to come by until next year. "Is that the bottom? I'm not a clairvoyant, but I certainly hope so," said Mark LaNeve, GM's head of North American sales and marketing. On the day after announcing the unprecedented buyouts and retirements of 35,000 of its hourly worker…
Last reply by jry, -
GM Still Looks Weak, Says Analyst
by Guest buickman- 2 followers
- 35 replies
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From Forbes.com GM Still Looks Weak, Says Analyst Mary Crane, 06.26.06, 2:51 PM ET General Motors Banc of America analyst Ronald A. Tadross said General Motors' tactics to fix its business won't work and advised investors to sell on expected production losses. "The company's product cycle is at a peak, earnings-per-share quality is weak and the stock is expensive, in our view," Tadross wrote in a report to investors Monday. "We believe GM management is glossing over the current and future cost of rightsizing the business for the lower share." GM's suggestion that it might tap into a $4.5 billion secured credit line signals that its $13 billion in cash, as…
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No, this certainly isn't another "Red-Ink" Rick diatribe. Buickman has done enough of those. Instead, some praise of Rick Wagoner from Peter DeLorenzo, for things Wagoner is doing right. Let's make sure that, in the midst of daily challenges to GM and the American auto industry, including the latest proposal from Jerry York, we don't forget the things which are right about GM. It is excerpted from the autoextremist.com website: " . . . I have to give Rick his due, he is focused on engineering a turnaround in the 'right' way - and I see real, demonstrative progress. When I say the 'right' way, I mean that Rick Wagoner has always tried to take into account the constit…
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