General Motors
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UAW/GM Janesville Assembly Plant Produces 500,000th E85 FlexFuel Vehicle Local plant aids GM's efforts to help address U.S. energy concerns JANESVILLE, Wisc. – The General Motors Janesville Assembly plant achieved a milestone of producing more than 500,000 Chevrolet Tahoe and Suburban, GMC Yukon and Yukon XL, full-size sport utility vehicles, with E85 FlexFuel-capable engines. The Janesville employees were recognized in a ceremony at the plant which included Wisconsin Governor Jim Doyle. Since 2002, the UAW Local 95 /GM Janesville Assembly workforce has been assembling SUVs with the 5.3L V8 engine that has the capability of using either gasoline, E85 ethanol (a blend…
Last reply by Dragon, -
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http://forums.vwvortex.com/zerothread?id=2501639 Detestable import fanboys having a field day over Bob Lutz's GM deprecating comments. Back in 2002, Bob Lutz came out with that "apology" campaign in newspapers, wherein GM essentially said that its past products were $h! but consumers should give it a new look because the new GM is changed. So I actually bought into to that and convinced my family to get a CTS at the time. 4 years later, it looks like we've come back full circle. "Just wait until you see our new products just around the corner, they're nothing like the junk we peddled in the past." The spin is exactly the same: in the past we suck…
Last reply by Cadillacfan, -
I said this when Wolfgang was on the "market"
by Guest Josh- 1 reply
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That he was a *perfect* fit to help turn General Motors around as well as Lutz. And, I don't want to hear that they would have clashed, because that's absolutely false.
Last reply by evok, -
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You guys should know what a backer of GM I am. I have never owned anything but. Christ, I started this site 6 years ago to defend them in the media. But they have really pissed me off now. Here's a warning to anyone looking at purchasing a G6, DO NOT BUY THE PANORAMIC SUNROOF UNLESS YOU LIKE SQUEAKS, RATTLES AND OTHER ANNOYING NOISES. GM knows there is a problem, I have found two TSBs about the sunroof. I called Pontiac Owner Care and they couldn't find any TSBs (I had to, of course, find them on my own on the internet - Thanks Flat Rate Tech) so they are useless. Once I had the TSB numbers, I called the dealer to make sure they knew what they were and scheduled…
Last reply by ToniCipriani, -
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C&G Exclusive: Emergency Board Meeting Takes Place 1 2 3
by Guest Josh- 1 follower
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Sources within General Motors have signaled that the GM Board of Directors today, met in an emergency meeting after the additional $2 Billion loss announced yesterday is in addition to the $8.6 Billion loss previously announced. We've also received word that the Board of Directors will hold another emergency meeting early next week. The Board is clearly not happy with the latest turn of events and this latest news of an additional $2 Billion loss. Most of the costs are seen coming from a Delphi bail-out which is expected to be announced early next week as well. As always, we'll have more details as we get them.
Last reply by ShadowDog, -
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Link Lori Queen, General Motors executive on C/R: "the most unprofessional group of people I have ever worked with." "They are totally nonobjective and go to great extremes to paint a picture for their paid subscription readers". "They buy the cheapest car they can find and then base all their opinions on a limited sample." More at link
Last reply by steinravnik, -
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The new GM Daewoo Tosca, available middle of '06 in South Korea.
Last reply by ToniCipriani, -
Thank You Lori Queen
by Guest Josh- 20 replies
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I would just like to kindly thank you Miss Queen for saying what has needed to be said for years. Consumer Reports is nothing but a criminal "magazine" with obvious intentions in mind. The guts it took for you to stand up and say what was on your mind, as well as many within the company is nothing short of spectacular. I commend you for your admiration and dedication to the company. It's about time people within GM grow a back bone and stand up for what they believe in. It's just a shame it was retracted by the powers that be. What's Lori's e-mail address, I say we all personally thank her for expressing her true feelings on the matter.
Last reply by daves87rs, -
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CAW Approves Camaro Changes Plant rules will enable Canadian factories to build Zetas, including Camaro. Members of Canadian Auto Workers Local 222 in Oshawa, Ont., have approved a series of work rule changes that could lead to General Motors announcing soon that it plans to move ahead with plans to build a new Chevrolet Camaro. The Camaro was one of the big favorites of journalists and car buffs at the North American International Auto Show in Detroit in January. GM's executives have promised they will decide quickly if they will turn the concept Camaro into a production car before end of the decade. With the feasibility study still in the works, GM negotiators rece…
Last reply by mr.nice, -
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There was a time when General Motors was seen as the paragon of financial quality. Its bonds were rated triple A, and it was known for the most conservative accounting. Let other companies use liberal accounting rules to make results look better; G.M. did not need such things. The announcement late Thursday that General Motors would revise profit figures for every year of this decade, and would have to restate the 2005 earnings it had already reported, shows how far the icon has fallen. Less than a year after it lost its investment-grade bond rating, its bonds are viewed as middling even among junk bonds. "You have to question what controls are in place," said Charles W…
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GM, UAW on edge of Delphi solution
by Guest Josh- 2 replies
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General Motors Corp., Delphi Corp. and the UAW are close to an agreement on a massive job-cutting plan to offer retirement packages to thousands of blue-collar workers, people familiar with the talks said Friday. The pact would help the struggling automaker avoid a crippling strike at the auto parts supplier. GM and the UAW are expected to announce details of the package within days. The deal would accelerate GM's efforts to cut 30,000 jobs across North America by the end of 2008, including 25,000 in the United States. It also would move the automaker and the union closer to a bailout package for Delphi that would avert a strike there, the sources said. GM also indica…
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GM Expects to Modify UAW `Jobs Bank' Program
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March 17 (Bloomberg) -- General Motors Corp., the world's largest automaker, said that next year it expects to modify the ``jobs bank'' agreement that pays United Auto Workers members when the company doesn't have work for them. The automaker isn't saying what the modification might be, GM spokesman Jerry Dubrowski said. UAW spokesman Paul Krell declined to comment. Detroit-based GM in a U.S. regulatory filing today disclosed its expectations for the jobs bank program during 2007 contract talks with the union. General Motors is cutting jobs and closing plants in North America after a 2005 loss that it widened yesterday to $10.6 billion from $8.55 billion. GM also is s…
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http://wardsauto.com/ar/auto_lutz_warns_hazards/index.htm
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by Chris_Doane- 1 follower
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GM Wins Big as China Passenger-Vehicle Sales Jump 19 Percent in 2005 Date posted: 03-16-2006 SOUTHFIELD, Mich. — General Motors is the top manufacturer in China and the Hyundai Elantra is the top 2005 model, according to a new report by the statistical research firm R.L. Polk. Polk, which measures new-vehicle registrations, found that passenger-vehicle sales in China reached almost 3.8 million vehicles last year, up 19 percent from 2004. General Motors leads the automakers with a 14.2-percent share of the Chinese auto market, followed by Volkswagen at 13.3 percent. Polk said Nissan's passenger cars grew a whopping 58 percent to move into 8th place in the China marke…
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http://www.edmunds.com/insideline/do/Colum...rticleId=109608
Last reply by FUTURE_OF_GM, -
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Don't Count the Dots Brief quotes below...
Last reply by FUTURE_OF_GM, -
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Inside Line Motown Surprise: GM Relishes in Strong SUV Sales Date posted: 03-17-2006 DETROIT — General Motors is accelerating the launch of the redesigned 2007 Cadillac Escalade and GMC Yukon, following the public's enthusiastic reception of the new 2007 Chevrolet Tahoe. GM also wants to move up the production startup of the long-wheelbase Chevrolet Suburban, GMC Yukon XL and Cadillac Escalade ESV, according to Reuters, and has asked suppliers to ship components ahead of schedule. GM has said the introduction of its redesigned full-size SUVs is the company's most significant product launch in 2006. Dealer deliveries of the '07 Tahoe began in January, and sales in the…
Last reply by drew770, -
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Japanese automakers sweep U.S. rivals Honda, Toyota, others snag all 10 top picks in Consumer Reports ratings Japanese automakers achieved another milestone in the ongoing humiliation of their U.S. counterparts Wednesday as they captured the top positions in all 10 vehicle categories rated by influential Consumer Reports magazine. It was the first time in the nine-year history of the respected annual survey that Asian nameplates swept the list of “best” automobiles, which the magazine selects from among a slate of more than 230 vehicle models based on a series of 150 tests, ranging from braking distance to crash ratings and fuel efficiency. Historically, the Consumer …
Last reply by haypops, -
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HUMMER, GM Foundation Mark American Red Cross Month With Thanks, Vehicle Donations DETROIT – In recognition of March as American Red Cross Month and the partnership with the American Red Cross, HUMMER and the GM Foundation announce the delivery of 10 more HUMMERs to Red Cross chapters across the U.S. Red Cross chapters in Atlanta ; Detroit ; Los Angeles ; New York ; Norfolk , Va. ; Philadelphia ; San Diego ; San Francisco ; and Washington , D.C. will receive a combination of H1, H2 and H3 vehicles to strengthen their emergency preparation and disaster response capability. These vehicles are part of a committed 72 vehicle fleet that will include a combination of H1, H2…
Last reply by Domesticated, -
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Man Charged With Hacking Into GM Database By TOM KRISHER, Associated Press Writer Tue Mar 14, 9:25 PM ET A former security guard at General Motors Corp.'s Warren technical center is accused of taking employee Social Security numbers and using them to hack into the company's employee vehicle database. James S. Green II, 35, of Washington Township, found out what company cars the employees drove and sent them bogus e-mails asking them their thoughts on the vehicles, Macomb County sheriff's Capt. Anthony Wickersham said Tuesday. Green was arraigned Monday on eight counts of obtaining, possessing or transferring personal identity information, one count of using a comput…
Last reply by the_yellow_dart, -
Lutz: "'We're much smarter now"
by Guest Josh- 1 follower
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Saint Jean Cap Ferrat , France -- It was a good two days for Robert Lutz, General Motors Corp. vice president for product development. The automotive media applauded the Geneva International Motor Show introduction of one of GM's divisional concept cars, the sleek, all-methanol-powered Saab Aero X. And at this Mediterranean resort, sumptuously sandwiched between Nice and Monaco, Lutz presided over the launching of the Cadillac BLS, a small, European-market, entry-level luxury car designed to take on the likes of the BMW 3 Series and Mercedes-Benz C-Class sedans. The GM that Lutz and company presented here did not look at all like the troubled GM of North America, whic…
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http://today.reuters.com/news/articlebusin...eid=&cap=&sz=13
Last reply by Newbiewar, -
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GM expects a $1,000 decline in its incentives per vehicle March 14, 2006 BY MICHAEL ELLIS FREE PRESS BUSINESS WRITER General Motors Corp. expects the amount it spends on sales incentives to fall by an average of $1,000 or more per vehicle this month, despite the launch this week of its March Madness sale. GM told dealers on Monday that from March 16 to April 4, it will offer a cash bonus of $500 or $1,000 on vehicles that have been sitting on dealer lots for 120 days or more. In addition to current incentives, consumers will get another $500 cash back on all cars and $1,000 back on Cadillacs, pickups, minivans and SUVs that arrived in dealer showrooms before Nov. 17…
Last reply by Newbiewar, -
UAW: No Deal With GM, Delphi
by Guest Josh- 9 replies
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DETROIT — The United Auto Workers union Thursday said it was not close to a cost-cutting agreement with bankrupt auto parts maker Delphi Corp. and automaker General Motors Corp. (GM), dashing hopes of workers and investors that a deal was in the offing. "Nothing could be further from the truth," the UAW said in a statement on its Web site. "The parties are not close to working out such an agreement. "There are many, many, significant issues to be resolved," the UAW said. "Overall the situation has changed very little since our last meeting." Despite the denial from UAW, GM shares were up sharply. In early trading on the New York Stock Exchange, they soared 5.88 perce…
Last reply by Dragon, -
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3 March 2006 By Robert Farago It’s official: bankruptcy is good for GM. In their recent ass-covering exercise for the Securities and Exchange Commission (SEC), The Ford Motor Company listed "adverse effects from the bankruptcy or insolvency of a major competitor" as a significant risk to its financial future. Translation: if GM goes bankrupt, The General will slough off its excessive labor costs and become… wait for it… competitive. So competitive, in fact, that Ford reckons GM’s products would gain an important price advantage. Well how about that? Obviously, there’s more to it than that. Ford’s SEC filing also alerts investors that GM’s Chapter 11 could destroy The B…
Last reply by CARBIZ, -
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WASHINGTON — General Motors Corp. (GM) said Friday it is recalling about 900,000 pickup trucks worldwide to fix problems with tailgate cables that can corrode and break when loads are placed on them. The recall involves 1999-2000 models of the Chevrolet Silverado and GMC Sierra trucks. GM said there have been 84 injuries, most of them minor scrapes and bumps, but no crashes or deaths linked to the problem. GM, the world's No. 1 automaker, said the galvanized, braided-steel support cables that keep the tailgates in place can corrode or fracture over time because of moisture seeping through cracks in the plastic sheathing of the cable or entering between the cable's met…
Last reply by Newbiewar, -
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Well I was just reading GM.com's news page to realize they are really pushing for vehicles to use Ethonal. General Motors Promotes Greater E85 Consumer Awareness, Use In Minnesota and I started to think. In order to dispense Ethonal a Gas station would require new tanks and new fuel lines. Everything would need to be renewed for the different fuel. So this could cost several thousand if not hundreds of thousands per station. For how long would this fuel sorce be in use, if GM suspects Fuel Cells are on the horizon? How many years will the gas station have to make pennys per gallon to pay off this fuel switch? will the investment be worth while, if after 5-10 years…
Last reply by PurdueGuy, -
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GM expects to profit as much as 750 million on the transaction. Link To article
Last reply by haypops, -
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http://www.autoextremist.com/page2.shtml#Rant
Last reply by The O.C., -
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http://today.reuters.com/investing/finance...OS-LEAR-SEC.XML
Last reply by Newbiewar, -
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Link To Article
Last reply by !!!TED!!!, -
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Chicago Tribune auto reporter Jim Mateja reports that "GM To Channel Its 8 Brands Seperately." Click here for the entire story, including a mention of Buick's upcoming "Super" series.
Last reply by FUTURE_OF_GM, -
Some Zeta Bits
by Guest Josh-
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With the Oshawa deal coming to a close it's pretty much a done deal they will get Zeta...sedans. You can almost count on the Impala staying in Oshawa & Zeta going there. Meaning, hey, the next Impala is RWD. Also, I fully expect the Buick sedan to be produced there too quite possibly with the Geeee8. Two plants are expected. One in Canada, one in the United States. The U.S. plant could be anywhere from Wilmington, to D-Ham to at least one more inbetween. That said, the plans are shaping up & Oshawa has solidified their spot for Zeta production.
Last reply by 91z4me, -
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GM saves $420M by freezing pensions Firm joins the growing ranks of major U.S. employers shifting financial risks of retirement to workers. Bill Vlasic / The Detroit News The cost-cutting ax at General Motors Corp. fell on salaried workers Tuesday with the announcement that GM will freeze pension benefits for 36,000 U.S. employees and move toward so-called "defined-contribution" plans in the future. The changes will save cash-strapped GM an estimated $420 million a year and reduce the automaker's overall pension liability for white-collar employees by $1.6 billion by the end of 2006. By freezing current pensions, GM joins the growing ranks of major U.S. employers suc…
Last reply by Newbiewar, -
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Read the whole article: http://www.msnbc.msn.com/id/11677325/site/newsweek/page/2/ GM chief designer Ed Welburn sweeps into his Chevrolet design studio and it's as if he were stepping back in time. On one side of the cavernous white room, designers huddle over a silver retro remake of the Chevy Camaro. A few steps away, stylists scurry around a future Chevy family car that ripples with sinewy muscles from a bygone era. Papering the walls of the studio are photos of classic iron from Detroit's halcyon postwar years—the chiseled '65 Chevy Impala, the jet-age '65 Ford Galaxie, the long-nosed '65 Plymouth Fury. Welburn slowly walks around the work-in-progress family car, ins…
Last reply by FUTURE_OF_GM, -
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GM to sell 20 pct stake in Suzuki Motor - report Sun Mar 5, 2006am ET TOKYO, March 5 (Reuters) - General Motors Corp is planning to sell its 20 percent stake in Japanese compact-car maker Suzuki Motor Corp, the economic daily Nihon Keizai Shimbun (Nikkei) reported on Sunday. Article continued Full URL: http://yahoo.reuters.com/news/articlehybri..._T268646&rpc=44
Last reply by buyacargetacheck, -
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I live in Pasadena, CA which is a city to the northeast of down town Los Angels. It's about 8 miles to downtown LA. Yesterday I got a postcard from my Saturn dealer. They are closing both of their Saturn dealerships, one in Monrovia (one town East of here) and the other in Alhambra (2 towns southwest of me and bordering on Los Angeles.) Now the closest Saturn dealer is 26 miles away in Whittier. In last weeks Pasadena newspaper, the local Chrysler-Dodge-Jeep dealer announced that they were no longer selling these products. The nearest next two dealers are 25 min. away. The first Saturn dealer will be selling Mazda, the second Saturn dealer (owned by the same people)…
Last reply by haypops, -
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I've been carefully considering Bob Lutz's recent comments on Zeta and the GTO. What follows is part fact and part opinion. But it's my take. I've doublechecked several sources over the past couple of days, and as of yet, there is simply NO indication that Pontiac's G8 and GTO programs have been restarted, since their cancellations over a year ago. So what are these GTO comments really about? My opinion, the "Camaro Effect". Lutz saw how absolutely fervent, Camaro enthusiasts were about their car. That's me and you bub. He was able to effectively direct our intensity - in order to bludgeon bloody - the GM decision making process, until they finally acquiesced to a new C…
Last reply by Flybrian, -
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Wagoner Rumors Start to Swirl Will GM lose its CEO to financial churn? by Joseph Szczesny (2006-03-06) For General Motors' Rick Wagoner, March ought to be a good if not a great month. His beloved Duke Blue Devils are an odds-on favorite to sweep through the NCAA Tournament, and GM's retail sales are showing signs of moving in a positive direction after two years of enormous difficulty. However, while no one is predicting that GM's board of directors has asked Wagoner to prepare a resignation letter, the gossip around Detroit is that he could be reaching the end of his tenure as GM's chairman and chief executive officer. Until recently, Wagoner had been viewed as GM…
Last reply by Croc, -
GM: Hey UAW We Want 20,000 More Buyouts.
by Guest Josh- 5 replies
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Massive downsizing plan would impact idled GM workers, help Delphi recover from bankruptcy. General Motors Corp. and the United Auto Workers are in advanced talks on buyout offers for up to 20,000 hourly employees, setting the stage for the biggest exodus of union workers in recent memory. The massive buyout plan would clear the way for GM to absorb the "flowback" of thousands of idled UAW workers in the automaker's "jobs bank" as well as former GM employees on the payroll of bankrupt Delphi Corp. The negotiations on buyouts are integral to GM's planned downsizing of its U.S. manufacturing operations and the emergence of Delphi, its largest supplier, from bankruptcy, a…
Last reply by Ghost Dog, -
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Reuters / March 5, 2006 - 4:15 pm http://autonews.com/apps/pbcs.dll/article?...1/1003&refsect= NEW YORK -- General Motors, responding to reports on Sunday that it is planning to sell its 20 percent stake in Suzuki Motor Corp., said it has no plans to fully unwind its current equity relationship with Suzuki. The economic daily Nihon Keizai Shimbun reported on Sunday that the world's largest automaker is planning to sell its 20 percent stake in the Japanese automaker. "In the event GM reduces its stake in Suzuki, it will be done in an orderly manner through an open market repurchase," the GM release said. Suzuki said in a statement that "GM and Suzuki will not comp…
Last reply by Newbiewar, -
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It seems just about all you see here are "Toyota" billboards on nearly every corner. And on TV. The dealers are even stronger here advertising-wise. I can't help but imagine what a difference it might make by advertising Chevrolet and Cadillac here more. Unfortunately, you can forget about trimming Pontiac/GMC/Buick/Saturn to get the money: they don't advertise here either.
Last reply by Newbiewar, -
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Take this for what it's worth since it's from MT, but I figure that if they have news about it, it's been on for at least 2-3 months by now: Now, couple this with Lutz's comments, and it would seem that these vehicles (along with the GTO) that were "under serious study" have gotten approval.
Last reply by Sixty8panther, -
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Ford swipes at GM's troubles Automaker warns investors that if rival goes bankrupt, it will hurt Ford's outlook. Bryce G. Hoffman / The Detroit News General Motors Corp. can't seem to shake the bankruptcy bug. Rival Ford Motor Co. now is warning investors that a decision by a competitor to seek bankruptcy protection could undermine its own financial position. In filings with the U.S. Securities and Exchange Commission this week, Ford listed "adverse effects from the bankruptcy or insolvency of a major competitor" as a significant risk to its future financial performance. Ford would not disclose the name of the "major U.S. manufacturer," but Wall Street analysts have…
Last reply by Angry Dad, -
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This has been discussed in various places, but I'm wondering if anyone has any solid info about the 1009-10 timeframe? Seems like the W and G bodies could be easily replaced by "Zeta" as such: Impala (LWB) Monte Carlo (LWB 2 door) Camaro (SWB) G8 (LWB) GTO (SWB) Lucerne (LWB) Velite/Riviera (LWB 2 door) DTS gets moved over to Sigma while LaCrosse gets moved to Epsilon II. Input?
Last reply by Mule Bakersdozen LS, -
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GM, Toyota Agree to Extend Advanced Technology Collaboration and Focus on Safety-Related Technologies DETROIT, March 2 /PRNewswire/ -- General Motors Corp. and Toyota Motor Corp. have agreed to extend their advanced technology collaboration agreement two more years with a focus on safety and congestion-related technologies, and industry codes and standards. The agreement covers information exchange and collaborative research in areas such as well-to-wheels energy usage and emissions, intelligent transportation systems and connected vehicle (vehicle infrastructure integration and vehicle-to-vehicle communications). The agreement also allows for research projects…
Last reply by Sixty8panther, -
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edmunds Fighting the Foreign Wars By editors at Edmunds.com Email Date posted: 02-27-2006 Chevrolet's mission is, as it has always been, to be GM's value leader in the mainstream of the American car market. So when foreign brands threatened to intrude, it was Chevrolet that was charged with going forth with products that would defeat the imports and defend GM's turf. When it comes to small cars, it has not been an easy or pretty fight. ***** I used to YEARN for a Monza, and of course, we had 2 Vegas and 3 chevettes in the family. There's your RWD car! LOL.....I loved our Vegas....too bad dad was always rebuiling the motors or repainting them. My dad had a Corv…
Last reply by I hope GMRULES again, -
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here
Last reply by haypops, -
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Link To Article
Last reply by Newbiewar, -
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GM picks China for electronics Purchasing unit moves from U.S. to Shanghai Robert Sherefkin Jamie LaReau Automotive News / February 27, 2006 - 6:00 am DETROIT -- General Motors has shifted its worldwide electronics purchasing unit from Warren, Mich., to Shanghai to place it at the hub of China's electronics industry. According to sources familiar with GM's plans, the move is intended to keep GM abreast of trends in automotive electronics and buy more electronic components in China. "Just about all electronic subcomponents now originate in China or Korea or Singapore," says a source close to GM who asked to not be named. "You are more aware and you buy better when …
Last reply by drew770, -
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here GM should be fighting Toyota, not itself. "But nagging questions remain: Will sales rise enough to justify Saturn's fatter marketing budget at a time when Pontiac and Buick must trim their own ad campaigns? And is Chevrolet, GM's strongest and biggest mass-market brand, actually a better candidate to battle the imports? Chevy dealers say they could easily fit mid-priced vehicles like the Outlook and Aura into their lineups. They also note that GM is promoting Chevrolet as its mass-market global brand."
Last reply by regfootball, -
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E-85 fuels NASCAR I really hope that major companies supply this fuel, this is great to see GM in the center of it all.
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GM swerves, revives March discounts Despite its strategy to limit rebates, automaker adds bonuses to clear out slow-moving inventory. Brett Clanton / The Detroit News DETROIT -- General Motors Corp. has told dealers it will launch a nationwide discount promotion next month that could spark sales but detract from its long-term goal of steering away from big incentives. The "March Madness" event, tied to the NCAA men's basketball tournament, will run from March 15 to April 4. It will be similar to a promotion GM ran last March that included temporarily lowered sticker prices on select models across GM's eight brands and cash bonuses of $500 to $1,500 on models that had…
Last reply by turbo200, -
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perhaps this isnt good news, but its news that is better for GM then most the competition... i'll be seriously supprised if toyota loses their consecutive month after moneth improvements... the stock price also might have a shock if this is the truth... link to article DETROIT (AP) - Sales of new vehicles fell 8 percent overall during the first two weeks in February, but there was some indication General Motors Corp.'s new vehicles and lower prices are attracting buyers, an automotive data firm reported Tuesday. Honda Motor Co. was the only manufacturer that saw its U.S. vehicle sales climb in the first 12 days of the month, up 4 percent from the same time a year ago, …
Last reply by haypops, -
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car connection "A new report from Merrill Lynch suggests that GM has been investing too little in new products for a long time and it isn't clear that even in the present crisis, the auto giant is prepared to change. "We believe GM will continue its historical pattern of underinvesting in product to the detriment of earnings and stock price," noted a new research report from John Murphy, Merrill Lynch's new auto analyst. "GM's market share losses are not new news. The company's consistent underinvestment is the primary driver of its consistent market share losses," the report says."
Last reply by FUTURE_OF_GM, -
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Apologies if this is a repost...GM recently released some '07 ordering guides (see http://eogld.ecomm.gm.com/dmdindex.htm) and I noticed that the CSVs all have the 3.9L V6 standard for '07. The 3.5 is no longer available. They are also dropping the Montana SV6, so there are only 3 CSVs for '07. '07 Aveo guide is out too...and the GMT900 SUVs, but I think those have been up for awhile now. -Andrew L
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OnStar Updates its Navigation Option 02.07.06 OnStar Turn-By-Turn Navigation provides spoken directions without requiring the driver to enter a destination manually; without continued operator involvement (unlike current OnStar directions); but also without any navigation display. It will require a 2007 GM car and cost about $10 a month more than current basic OnStar service. By Bill Howard The in-car navigation space is getting a lot more crowded: Enter the upcoming voice-only OnStar navigation system, shown to the media on a live Webcast January 6, and to be formally announced by GM and Onstar on January 8 at the Chicago Auto Show. The salient appeal of OnStar T…
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There's more of this coming as GM continues to decline: ANDERSON, Ind., Feb. 16 — General Motors once had so many plants here that it had to stagger their schedules so that the streets would not be clogged with traffic when the workday ended. At the city's peak, 35 years ago, one of every three people in Anderson worked for G.M. Now there is not a single G.M. plant left, and just two parts plants that G.M. once owned still survive. Anderson, about 50 miles northeast of Indianapolis, had 70,000 people in 1970 and now has fewer than 58,000. But in many ways, Anderson is still just as dependent on G.M. as it once was. Only now, rather than being dependent on General Mot…
Last reply by ellives, -
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http://www.thetruthaboutcars.com/content/1...27324/index.php I enjoy reading this series because there's occasionally some insight to the bigger picture. Farago is rooting for GM despite the constant gloom. He's just as frustrated by the nasty combination of historic short-sighted and ill-visioned GM execs, legacy union issues, and increased competition as many of us are. The prospect of Tower and Delphi not coming to a good-for-all-parties agreement with the UAW is troubling. Seems the UAW will run GM into the ground and there's nothing that either GM or the UAW leadership can do to stop it. People are just too fat at this point.
Last reply by FUTURE_OF_GM, -
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http://www.mlive.com/newsflash/business/in...list=mibusiness
Last reply by ellives, -
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WHISPERS: Will the Russians Ditch General Motors? Date posted: 02-03-2006 TOGLIATTI, Russia — Russian automaker Avtovaz, which is now controlled by Moscow, said it will build a new factory near its existing facility here on the Volga River and is reviewing its joint venture with General Motors. Known outside Russia for its clunky Fiat-based Ladas, the company has been in the process of updating its model range for more than a decade while struggling with chronic cash-flow problems. Avtovaz had a dream of cracking the U.S. market back in the 1970s but never got any closer than Canada. The automaker builds more than 700,000 cars a year and is far and away Russia's larg…
Last reply by -Camaro-, -
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GM is Among Both Most and Least Trusted Firms in US By BRADLEY JOHNSON | AUTOMOTIVE NEWS AutoWeek | Published 02/14/06, 9:02 am et General Motors is loaded with debt and is the subject of bankruptcy speculation. But give it credit: GM scores tops for trust among U.S. consumers. There's a downside, though: GM also shows up on the list of companies that Americans trust least. These are among the findings of the American Demographics 2006 Consumer Perception Survey. The survey was conducted by Synovate for Advertising Age, which, like Automotive News and AutoWeek, is published by Crain Communications Inc. Last November, the online survey sought the views of more t…
Last reply by FUTURE_OF_GM, -
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- 12 replies
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GM price cuts may not be a better deal Strategy of consistent low prices leaves some vehicles costing more, Consumer Reports says. David Phillips / The Detroit News General Motors Corp.'s move last month to significantly slash prices on the bulk of its vehicle lineup is helping generate higher sales and more showroom traffic, but a new report says more than a third of the models affected may not offer buyers a better deal. When GM cut prices as much as $2,500 on select 2006 models in January, or about 80 percent of its U.S. lineup, Consumer Reports studied prices on more than 500 of the automaker's cars and trucks before and after the move. The magazine found that 64…
Last reply by ellives, -
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http://www.autoweek.com/apps/pbcs.dll/arti...MOTORSPORTSNEWS Not sure if it was posted yet, but here;s my take: Good Points: Montana SV6 in its current form dies, LaCrosse Super is confirmed and coming, and Enclave will be a 2007 model! Bad Points: The G5 name, if its not changed enough from Cobalt, ("It looks like a Cobalt." That's a nasty phrase...).
Last reply by Chazman, -
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A strike at Delphi could cripple GM -- analysts Wed Feb 15, 2006 4:28 PM ET Printer Friendly | Email Article | Reprints | RSS By Jui Chakravorty DETROIT (Reuters) - As the deadline for Delphi Corp. to ask a court to void its union contracts edges closer, analysts worry a strike at the auto parts maker -- General Motors Corp.'s largest supplier -- would deepen the financial crisis at the automaker. Bankrupt Delphi Corp. has threatened to ask the court to void its contracts with the United Auto Workers union if it cannot reach an agreement by Friday to lower labor costs. This could result in a strike, which could shut down plants and force GM to burn throu…
Last reply by ellives, -
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Ed Wallace, the host of the radio talk show "Wheels," is offering his opinion on GM's present situation, "Can GM Learn From Its Past?." Read the article by clicking on Business Week Online. In his writing, Mr. Wallace draws a parallel to GM in the 1920s. P.S. - Check out my latest signature text.
Last reply by balthazar, -
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This was taken from a Canadian auto web site. Much of this matched what the Fbodfather has stated before. HOT CAMARO CONCEPT WILL BECOME A REALITY "It is now clear that the car that made the biggest waves at the Detroit auto show was the Camaro concept. It is now an open secret that it will be built. "Ever since the first day I got to General Motors I've been getting mail from Camaro owners, Camaro clubs, Camaro fanatics," Lutz said during the show. "It's like a cult following out there. "I've been telling them, just wait until the Detroit auto show. I think you'll be pleased. But most of the e-mails lately have been, 'Hey, you've been there four years already. W…
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Hey guys making SUV's is the easy way out for GM. They need to make smarter cars than the Asian manufactures. Gasoline is never again going to be cheap. With all of their research facilities GM need to take it by the balls and stamp the market with a new fuel system to combat the worlds dependance on Arab oil. In 1969 we landed a man on the moon using a pocket calculator as its computer.Nealrly 40 years on we still using the 'internal gasoline motor'. Comm on GM wake up and smell the coffee. Rusty Adelaide South Australia
Last reply by balthazar, -
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Several GM executives are being given different positions, including Brent Dewar and Mike Jackson. Here is a link to the entire story from The Auto Channel. I don't know one of these people from the other. Is this a good thing? As part of the changes, a man named Pete Gerosa will get a "special assignment" focusing on the North American turnaround. Gerosa is to "focus on implementing sales and service programs and distribution strategies that are integral to GM’s North American turnaround plan," but how effective can he really be if he plans to retire later this year?
Last reply by ellives, -
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GM CEO jokes about automaker's reported demise Fri Feb 17, 2006 6:07 PM ET MIAMI, Feb 17 (Reuters) - Responding to reports suggesting General Motors Corp. is heading for the automotive junk heap, its chief executive joked on Friday about the words a man might like to hear from a mourner at his own wake or funeral. "Look, he's moving," was the punch line, which GM Chairman and CEO Rick Wagoner delivered to laughter in a speech to the Greater Miami Chamber of Commerce. It was a rare moment of levity for Wagoner, who is under enormous pressure to turn around GM after its stunning $8.6 billion net last loss year. "Despite some speculation to the contrary, we at GM are st…
Last reply by ellives, -
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at km77 nice. why can't our malibu look this sleek?
Last reply by daves87rs, -
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Delphi delays motion to void union contracts Friday 17 February 2006, 10:46am EST By David Bailey CHICAGO, Feb 17 (Reuters) - Bankrupt auto parts supplier Delphi Corp. on Friday said it would delay to the end of March filing court papers to void its labor contracts and to cut retiree benefits, citing progress in talks with unions and its former parent General Motors Corp. A filing, which could have come as early as Friday, would not immediately have led to a strike at Delphi, which in turn would quickly cripple U.S. automaker GM. However, it was seen as likely heightening tensions in the complex negotiations among the three groups. Delphi filed the biggest bankrupt…
Last reply by ellives, -
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Can Jerry York Save GM? Ace cost-cutter ratchets up pressure for major changes Bill Vlasic / The Detroit News DETROIT -- In the 1980s, it was a feisty Texan named Ross Perot who rattled the board of General Motors Corp. by calling his fellow directors "pet rocks" in the pocket of management. A decade later, retired Procter & Gamble Co. Chairman John Smale led a board-room coup that toppled a GM chairman and set a new standard for corporate governance. But no outsider ever joined the GM board with the expectations attached to Jerry York. The appointment to the board last week of York, the ace cost-cutter employed by billionaire investor Kirk Kerkorian, is a pivot…
Last reply by ellives, -
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http://www.detnews.com/apps/pbcs.dll/artic.../601300407/1148 Ouch. That's gotta be painful. Earlier this year GM paid Fiat $3 billion so that they would not have to buy them, thinking that the company would just be a big money pit. But now they are making money.
Last reply by mkaresh, -
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Article here: http://money.cnn.com/2006/02/06/news/compa...rtune/index.htm
Last reply by ellives, -
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http://www.forbes.com/2006/02/06/ford-must..._0207flint.html
Last reply by PontiacTechNJ, -
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Limited recall riles GM owners NHTSA monitors brake callback in 20 states and D.C. as complaints mount. Jeff Plungis / Detroit News Washington Bureau WASHINGTON -- General Motors Corp. last year recalled 1.35 million trucks and SUVs in 20 states and Washington, D.C., to clean brake sensors that could malfunction and cause accidents. Despite the recalls, though, GM is struggling to move beyond questions about the anti-lock brakes on its best-selling Chevrolet Silverado pickup and seven other models. Reports continue to pour in from states not covered under the recall -- and some from states like Michigan that are included -- of accidents and near-misses from truck own…
Last reply by PontiacTechNJ, -
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normally i wouldnt post this... but i find it ironic, that the news instead of stopping at the top 10 like they usually do. They extend it to the top 12, just so GM can have a couple in the showing. Link to Article
Last reply by Variance, -
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hey here is the link for the spy shots of the 08 hummer h3 and a possible specs for the h3 (the 3.5 engine will be now a 3.7 i-5 engine with 245hp and a atlas i-6 with 291 hp) Click Here For More Info if you have troubles with the link send me a message to send you the pictures :CG_all:
Last reply by 91z4me, -
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GM is upgrading 5 plants in Michigan, including ones which will build redesigned, full-size pickup trucks and the next-generation Cadillac CTS sedan. Here is Christine Tierney's report in the Detroit News.
Last reply by evok, -
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link to article FOR RELEASE: 2006-02-13 GM to Make Important Michigan Manufacturing Announcement GM will make an important announcement regarding five of its Michigan manufacturing locations When: Tuesday, Feb. 14, 2:00 p.m. Note: Media crews – please arrive by 1:30 p.m. for check-in and ample time for equipment set-up (see directions to plant below). Where: GM’s Pontiac Centerpoint Campus – Central Building 2000 Centerpoint Parkway Pontiac, MI 48341 (former location of the GM Truck Product Center) Who: Joe Spielman, vice president and general manager of GM North America Manufacturing Michigan Governor Jennifer Granholm L. Brooks Patterson – Oakland Co…
Last reply by Ghost Dog, -
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http://biz.yahoo.com/rb/060210/autos_gm.html?.v=1
Last reply by Robert Hall, -
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- 11 replies
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Like stickers, GM's rebates dip as new pricing strategies take hold By JOHN K. TEAHEN JR. | AUTOMOTIVE NEWS AutoWeek | Published 02/07/06, 9:23 am et DETROIT -- Cutting sticker prices seems to be doing the job that General Motors assigned to it: enabling the automaker to scale back its huge rebates on cars and light trucks. We don't mean the first attempt at lower stickers, which GM installed last fall. Those stickers showed minimal reductions from 2005 prices, and they followed a summer of employee pricing, with its heavy discounts. The pricing strategy fell on its face then, and GM stopped talking about it. But the company decided to give it another ch…
Last reply by FUTURE_OF_GM, -
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- 911 views
Thursday, February 09, 2006 Struggles at General Motors GM cuts fail to silence doubters Prominent analyst 'disappointed by the limited cash savings' in restructuring effort. Bill Vlasic / The Detroit News DETROIT -- Shares of General Motors Corp. slid 4 percent Wednesday after a prominent investment analyst downgraded the stock and cast doubt on the effectiveness of GM's turnaround efforts. GM stock closed at $21.99, down 82 cents, in trading on the New York Stock Exchange as Deutsche Bank analyst Rod Lache cut his rating from "hold" to "sell" and lowered his target price for GM shares to $17. The report highlighted the concerns on Wall Street and among investors …
Last reply by FUTURE_OF_GM, -
Fortune Mag: The Tragedy of General Motors
by Guest Josh- 22 replies
- 4.1k views
FORTUNE Magazine) - It is the instinctive wish of most American businesspeople, even those unlikely to be directly affected, that General Motors not go bankrupt. True, some people will say, "They had it coming to them." But the majority will be more practical, telling themselves that the company is so central to the economy, so sprawling in its commercial reach, that bankruptcy--"going into chapter," as restructuring folks say--is ominous almost beyond contemplation. And yet the evidence points, with increasing certitude, to bankruptcy. Rick Wagoner, GM's 53-year-old chairman and CEO, may say, as he did in a January interview with FORTUNE in his aerie of an office high ab…
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General Motors Heritage Collection Joins Elite Group Detroit, MI - February 10, 2006: Detroit When the Antique Automobile Club of America (AACA) chose General Motors to receive the prestigious AACA Plaque, it put the world’s largest auto company into some very exclusive company - - namely the great automotive collections such as those of the Smithsonian, Harrah’s and the Blackhawk Collection. Steven Moskowitz, Executive Director of the AACA noted that their National Awards Committee unanimously voted to honor the contributions General Motors has made to the sport “not only in terms of the preservation of great automobiles but also for their unselfish sharing of those re…
Last reply by mrmonte, -
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http://money.cnn.com/2006/02/09/news/companies/gm_delphi/
Last reply by Ghost Dog, -
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- 9 replies
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The Echo gets some points in the "damn, Toyota is cheap" category for putting the gauges in the circular hole in the center, so that the gauges could be moved for RHD/LHD without a different dash piece. Suzuki did somewhat the same thing with the Aerio, but without it being as cheap and damaging to the design. The dash is very small due to it being digital. There is a matching piece on the other side that you could take out and put a mirror image of the dash into. There is also a cutout for the "passenger" airbag in front of the driver, which is a blank panel of course. So very few panels would have to be changed to change the side the wheel is on, yet it's a very functio…
Last reply by regfootball, -
GM Announces Additional Actions to Support North A
by Guest Josh- 4 replies
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DETROIT - General Motors Corp. (NYSE: GM) today announced significant new actions to support its ongoing turnaround plan, particularly in its North American business, to reduce costs and business risks, and to further enhance its financial flexibility. These actions include the following: *Revised health-care benefit plan for salaried retirees in the U.S. that is expected to reduce the company's liability by about $4.8 billion and its annual health-care expense by almost $900 million before tax; *Planned restructuring of the U.S. salaried pension benefit plan; *50-percent reduction in the cash dividend paid to stockholders; *Significant reduction in salary for GM'…
Last reply by Tyger, -
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The Mazda MX5 Miata has been the world’s top-selling entry-level two-seat roadster for 16 years now since it’s debut in 1989. The MX5 was the brainchild of Bob Hall, who is now working at Proton in product development. But the past two months have been different with the launch of GM’s new Pontiac Solstice roadster which had sales figures double of the newly redesigned 2006 Mazda MX5 Miata. Pontiac Solstice sales for December were 2746 units where the Miata’s was 1007. January’s sales figures were 1990 units compaed to the Miata’s 1067. Is this just a short burst of sales or will the Miata’s throne finally be toppled? Your thoughts? http://paultan.org/archives/2006/02/…
Last reply by ToniCipriani, -
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GM's New Full-sized SUVs: So Far, So Good By JAMIE LAREAU | AUTOMOTIVE NEWS AutoWeek | Published 02/06/06, 12:03 pm et DETROIT -- Initial indicators show that General Motors' high-stakes gamble to pull forward the launch of its new full-sized SUVs amid unstable gasoline prices might pay off. January sales of the first SUVs on the GMT900 architecture -- the 2007 Chevrolet Tahoe, GMC Yukon and Cadillac Escalade -- were strong. Dealers say the redesigned SUVs are selling at or near sticker price. GM executives have acknowledged that the high-margin SUVs are critical to GM's financial success this year. Dealers sold 3,000 new 2007 model Tahoes in January, says Paul…
Last reply by corvettekidc6, -
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- 40 replies
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York elected to GM board DETROIT – The General Motors Board of Directors today elected Jerome York to the GM Board, effective February 7, 2006. He will serve on the Board’s Public Policy Committee and Investment Funds Committee. “Jerry brings years of business experience and knowledge of the automotive industry to the GM Board,” said Rick Wagoner, GM chairman and chief executive officer. “We are pleased to welcome him to our Board.” York is a consultant to Tracinda Corp., the beneficial owner of approximately 9.9 percent of the common stock of GM. Tracinda Corp. is owned by Kirk Kerkorian. In his past business career, York spent 30 years in the automotive industry,…
Last reply by Cadillacfan, -
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- 49 replies
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The Teardown Artists First, buy the hottest new car on the lot. Then rip it to pieces. Inside GM's chop shop, they take (apart) the competition very seriously. By Carl Hoffman A silver Lexus RX 400h hybrid SUV is suspended on a lift in a room the size of a soccer field at the General Motors Technical Center in Warren, Michigan. It was purchased off the lot just a few days ago for $49,000, loaded, which seems a waste, since it's already a carcass. Mechanic John Klucka has removed its tires and engine and doors and seats and dashboard and, well, just about everything but a few wires and the windshield. "This is a complicated vehicle," he says, unbolting the engine from …
Last reply by Newbiewar, -
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GM cuts $200 million from ad budget Automaker will concentrate on product launches By JAMIE LAREAU | AUTOMOTIVE NEWS AutoWeek | Published 02/06/06, 8:14 am et DETROIT -- In the wake of its financial disaster in 2005, General Motors is cutting its 2006 national marketing budget by more than $200 million, sources close to GM say. The cuts come in a year of crucial product launches and renewed attempts to promote GM's new price strategy. GM's national ad budget will be about $1.3 billion this year, sources say. Older vehicles and brands such as Buick and Pontiac will suffer as GM concentrates its spending on product launches, including the critical full-sized SUVs an…
Last reply by w00t_man, -
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GM beefs up its Onstar package Automaker adds Turn-by-Turn Navigation, which guides drivers to their destination. Brett Clanton / The Detroit News General Motors Corp. plans a new version of its OnStar driver-support service that it hopes will give carbuyers another reason to put a GM car or truck on their shopping lists. OnStar will begin offering a new feature called Turn-by-Turn Navigation, which uses automated voice prompts to guide drivers to their destinations and builds on other safety and communication services already packaged with OnStar. The service is the first of its kind in the market and appears to be an answer to complaints about in-dash mapping syste…
Last reply by regfootball, -
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GM halves dividend, slashes top salaries Tuesday February 7, 9:07 am ET DETROIT (Reuters) - General Motors Corp. (NYSE:GM - News) on Tuesday cut its dividend for the first time in more than 13 years as it struggles to save money after a year of billions of dollars in losses. GM's board of directors cut the dividend in half, to an annual rate of $1 a share, saving about $565 million a year. At the same time, Chairman and Chief Executive Rick Wagoner will see his salary cut in half, while Vice Chairmen John Devine, Robert Lutz and Fritz Henderson will see their salaries cut by 30 percent. Article continued Full URL: http://biz.yahoo.com/rb/060207/autos_gm.html?.v=5
Last reply by rcf8000, -
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* Not sure if this is in a bad spot so I put it here and in the hummer forum. ...Thanks! I loved the "Monster" commercial for the H3 and went to the official site today to find that Jennifer (Godzilla) has her own url that is about everything and nothing, all at the same time. Cambell E. or whichever design house that was responsible for not only the ad, but this mock webpage really hit it on the head with this one! http://www.hummer.com/monsters/index.html http://www.jenniferlovestherobot.com/ love that music smile.gif smile.gif smile.gif Kevin
Last reply by mustang84, -
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GM board to consider dividend and pay cuts, seat for York DETROIT -- General Motors’ board on Monday will consider plans to cut the automaker's dividend by as much as 50 percent, cut the salaries of top executives and give a board seat to Jerry York. According to sources familiar with GM's plans, the board is considering a number of proposals originally put forth by York. He represents Las Vegas billionaire Kirk Kerkorian, who owns 9.9 percent of GM’s shares. can someone post the link?
Last reply by BigPontiac,
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