General Motors

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!

[source: Wall Street Journal] Renault, Geely Consider Deals for GM Units General Motors Corp. is in talks about potentially turning its Saturn division over to Renault SA, allowing the French auto maker to use the brand as a launching pad for growth in North America, two people familiar with the matter said. Meanwhile, Geely Automobile Holdings Ltd. has submitted a bid to acquire GM's Saab unit, people familiar with the situation said. Renault is one of several auto makers and other suitors interested in taking Saturn over from GM. The U.S. auto maker is surviving on $15.4 billion in government loans and is under pressure to res…

GM delays earnings, expects 4Q profit General Motors Corp. will delay its fourth-quarter and 2006 earnings reports while the automaker restates earnings dating back to 2002, the company announced Thursday. The world's largest automaker also said it expects to post "significant" improvements in net results from last year, including a profitable fourth quarter with record revenue. GM, which has restated results in seven of its last eight quarters, said the changes are due primarily to tax accounting adjustments and "could be material." GM's earnings announcement was originally scheduled for Tuesday; now the automaker plans to give an update the week of Feb. 5 and expect…

U.S. Auto Firms Need One Goal: Build the Best! By JAMES B. STEWART September 26, 2007 In another life, I'd love to run a U.S. auto maker. With General Motors on strike, billions in losses, and U.S. auto makers' market share in a seemingly irreversible decline, I can understand why you'd think this is crazy. Maybe I'm an incurable optimist when it comes to American cars, rooted in a love affair that began when my father brought home a 1957 DeSoto with power windows. But Detroit's glorious past isn't the main reason. I'm convinced that all the industry needs is some bold ideas and leadership. I'd like to think that Alan Mulally at Ford is the man for the job s…

Sept. 9 (Bloomberg) -- General Motors Co. Chief Financial Officer Ray Young will probably leave the biggest U.S. automaker in coming weeks, people familiar with the situation said. Click For the Rest of the Story.

Source: http://www.cnbc.com/id/30454401 Is This The Final "Fix" For GM? No Way GM CEO Fritz Henderson is a straight shooter. It's one of the things about him that I like. That said, how many of us believe the man when he says GM's latest restructuring plan is the final "fix" for the auto maker? Count me among those who are skeptical. Since December, GM has given us three major restructuring with plans to cut thousands of jobs, close 16 plants, and get rid of half the auto makers brands. Each plan also has come with the CEO saying, "We think we've made the changes necessary for us to get back on track." Every time I heard this it sounded like the movie "Ground Hog Da…

WASHINGTON — It is not every 31-year-old who, in a first government job, finds himself dismantling General Motors and rewriting the rules of American capitalism. But that, in short, is the job description for Brian Deese, a not-quite graduate of Yale Law School who had never set foot in an automotive assembly plant until he took on his nearly unseen role in remaking the American automotive industry. Nor, for that matter, had he given much thought to what ailed an industry that had been in decline ever since he was born. A bit laconic and looking every bit the just-out-of-graduate-school student adjusting to life in the West Wing — “he’s got this beard that appears an…

Over at A/W magazine's website, Natalie Neff interviewed Ed Welburn for a short video. The subject: The Cadillac Converj concept vehicle. Dude is the quintessential designer: suave, debonair, soft spoken, eloquent... he's done a great job as head of GM Design, and I wish him many more years of success at my favorite automotive company. Ed Welburn, I salute you, sir!

William Maley Editor/Reporter - CheersandGears.com April 22, 2012 After a $1 billion dollar investment into Holden by the Australian government and General Motors, Holden is starting a new project to develop new vehicles for China. Holden announced a new design and engineering partnership with Shanghai General Motors and the Pan Asia Technical Automotive Center (PATAC – an engineering and design joint venture between GM and Shanghai Automotive Industry Corp) to help develop two new vehicles for the Chinese market. Work on the two vehicles will take place at Holden’s technical center in Port Melbourne. The vehicles will be based on existing GM global platforms. No mor…

Today on FastLane, we kick off a series of videos entitled, “The Case for GM,” in which General Motors leaders discuss the challenges we’re facing, what we’re doing to address them — and also why we still feel good about our future. This series will work better as a dialogue, so we’d love to hear your responses — and we’ll respond to questions that are offered in the spirit of sincere dialogue. Some of the responses will come from our execs; many will come from GM team members (and yes, we do think of ourselves as a team.) Check back on Monday, when GM Chairman and CEO Rick Wagoner weighs in with his thoughts and stay tuned for more commentary by other GM leaders in the w…

CADILLAC TOP BRAND, GM HAS 11 CATEGORY WINNERS IN AUTOPACIFIC AWARDS .... Cadillac was named the top brand among all sold in the U.S., and eleven GM vehicles were the top in their categories in AutoPacific's 2008 Vehicle Satisfaction Awards (VSA). The awards were based on the results of AutoPacific's 2008 model year vehicle satisfaction research that measures how satisfied an owner is with their new passenger car or light truck. The brand with the highest satisfaction rating is Cadillac. The vehicle - car or truck - registering highest overall satisfaction in 2008 is the new Toyota Sequoia Large Sport Utility Vehicle. The passenger car with the highest overall satisfa…

[source: Wall Street Journal] Exit Package for Wagoner in Works Pension Plan for GM's Ousted CEO Remains Delicate Issue Amid U.S. Rescue By SHARON TERLEP Rick Wagoner, who is still employed by General Motors Corp. almost four months after his ouster as chief executive, will learn "very soon" when he'll be cut loose from the company and what he'll receive as an exit package, an Obama administration official said Wednesday. Mr. Wagoner, forced out of his job by President Barack Obama amid a federal rescue, remains on GM's payroll making $1 a year and receiving the same benefits afforded to him during his tenure as chief executive. …

Paying tribute to General Motors About 15 new GM vehicles are parked at the press conference site. By DAVID SKOLNICK CITY HALL REPORTER YOUNGSTOWN — Officials with the city, convocation center and General Motors Corp. will announce an agreement today to name the facility in honor of the automotive company, according to various sources. Most sources say the new downtown arena will be called the Chevrolet Center, in honor of the Chevrolet Cobalt produced at the Lordstown GM complex, with a few saying it would be a variation of that name. One source said the center's logo would feature the Chevrolet bow-tie trademark. City, center and GM officials declined We…

U.S financial services firm GMAC is preparing to spearhead a bid for British mortgage lender Northern Rock,according to Britain's Sunday Times newspaper.GMAC is to play a role in a bid being put together by private Equity firm Cerberus one of the four groups(Cerberus,Blackstone,Citigroup,Merrill Lynch,) now doing diligence on Northern Rock,the newspaper said without citing its sources.http://www.cnbc.com/id/21514345/for/cnbc/The Original article from the Sunday Times here

Kerkorian Reacquires 12 Million GM Shares By DEE-ANN DURBIN, AP Auto Writer Wed Jan 25, 6:35 PM ET DETROIT - Billionaire investor Kirk Kerkorian is acquiring 12 million shares of General Motors Corp. stock, matching the number of shares he sold in December, a federal regulatory filing showed on Wednesday. Kerkorian's private equity firm, Tracinda Corp., bought 5 million shares of GM stock on Monday for an average purchase price of $21.40, or approximately $107 million, it said in a filing with the Securities and Exchange Commission. On Tuesday, Tracinda agreed to purchase an additional 7 million GM shares in a private transaction for $22.25 per share, or appro…

Here is something a little closer to my GM heart! Just call me one of the troops from Europe! :AH-HA_wink: Ralph Kisiel Automotive News June 23, 2008 - 12:01 am ET DETROIT — On June 10, production of General Motors' hot-selling Chevrolet Malibu threatened to grind to a halt at the Fairfax assembly plant in Kansas City, Kan., because of a computer hardware problem. Enter GM's Global Command and Control Center. The center, in Pontiac, Mich., acts as a window into operations at GM's 185 manufacturing plants around the world. It closely monitors factory networks, servers and critical manufacturing software applications. The center identified and fixed the pr…

William Maley Staff Writer - CheersandGears.com December 19, 2012 General Motors announced today that they will be buying back 200 million shares of stock from the U.S. Treasury. The buyback will cost GM about $27.50 per share - about $5.5 billion in total. GM says the $27.50 share price represents a 7.9% premium over the closing price on December 18. The share buyback is expected to close by the end of December. After this buyback, the Treasury will still hold close to 300 million shares of the automaker's stock – roughly equal to a 19% stake. Treasury officials say they will begin to sell off the rest of their shares as early as next month, "through various means a…

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Today will see a forum in Pittsburgh, Pennsylvania. What a truly Golden Opportunity. I hope some good will come out of it http://biz.yahoo.com/ap/080625/pa_obama_pittsburgh.html?.v=1

http://news.yahoo.com/s/nm/20090401/bs_nm/...tos_report_sb_4 The rumor mill appears to be in full production. Of course the administration denies it.

August 16, 2008 12:00 PM EDT DETROIT, Aug. 16 /PRNewswire/ -- On September 16, 2008, General Motors will mark the beginning of its second century with GMnext Day, a series of forward-looking activities that will focus on the future of automotive transportation. The event also caps a year-long global initiative called GMnext, through which GM engaged audiences in a dialogue about its next- generation vehicles and technologies and offered commentary from GM executives and automotive thought-leaders from around the world. "The GMnext program and our dedicated website, http://www.gmnext.com , have opened another door for consumers to connect with us and take a look at wh…

http://www.cfo.com/article.cfm/5101164/c_5..._todayinfinance

Reuters / September 08, 2005 DETROIT -- The head of the United Auto Workers said on Thursday he was optimistic about reaching a negotiated settlement of General Motors' demands for cuts in union health-care and other benefits. But Ron Gettelfinger, president of the UAW, also said GM had more problems than health care and warned that the union may not be able to help "stabilize" the situation at the troubled automaker. "The UAW understands that health-care costs are a problem, not just for General Motors, but for every other American employer," Gettelfinger said in a speech to Detroit area business leaders. "We are willing to continue to…

I know something like this was posted but I can't find it can someone get me the percent of GM cars that is American, Toyota and Honda etc.

Reuters September 19, 2007 - 5:40 am EST UPDATED: 9/19/07 10:11 p.m. EDT DETROIT (Reuters) - General Motors for the first time is proposing a 401(k)-style retirement plan for new UAW hires instead of traditional pensions, Bloomberg News reported today on its Web site, citing people with knowledge of the talks. GM also has proposed freezing cost-of-living raises to help pay for a union-run fund that would take responsibility for retiree health care, the report said. Meanwhile, GM and the UAW recessed their contract negotiations this evening after another full day of talks. It was the fifth day of bargaining since the previous four-year agreement expired at day's…

Follow the link, the responses and postures are interesting to say the least. http://edworkforce.house.gov/democrats/autocrisis.html Personally I don't feel poltics belong as part of the forum but knowing what's going on does.

GM aim: Show its softer side Global restructuring, cost cutting and a revamped product line are the forces driving General Motors Corp.'s turnaround bid. But another less tangible factor has grabbed the attention of the world's largest automaker: likability. Long viewed as stodgy and ultra-corporate, GM is making a concerted effort to show a more human and personal side of the world's largest automaker. "There's a feeling that GM is the big, insensitive colossus that needs to be kicked regularly," said Bob Lutz, GM's vice chairman for product development. Lutz, a former top Chrysler executive, said one factor that helped that automaker's comeback in the 1980s was its …

GM Seeks to Fill up to 400 Specialized Engineering and Technical Positions through Career Fair DETROIT—GM today announced plans to host an Engineering and Technology Career Fair in the metro Detroit area on Saturday, May 5, seeking candidates for up to 400 highly specialized engineering and technical positions within the areas of Powertrain Engineering, Product Development, Fuel Cell, OnStar, and Information Technology. “GM is truly committed to being the automotive leader in energy diversity and advanced technology. We’re accelerating work in emerging technologies, and that creates a significant demand for talent in fields like hybrid and diesel powertrains, telematics…

http://www.gminsidenews.com/forums/f16/ope...-percent-79025/ I really hope GM can find a way to at least keep a substantial piece of this.

I just saw a commercial for a CNBC special airing tonight at 9pm. Does anyone know if this is indeed a new special, or just a rebroadcast of the one aired a few months ago? Our friend Phil LeBeau is again reporting.

Craig Trudell Automotive News June 24, 2008 - 4:19 pm ET DETROIT -- General Motors, grappling with the dramatic shift in sales from pickups and SUVs to smaller vehicles, said it will adjust production at almost half of its North American assembly plants. The automaker is adding overtime and speeding up lines where its cars and crossovers are made and temporarily closing plants making trucks and SUVs for as long as 12 weeks in the second half of the year. GM is cutting production even after slowing or idling up to 30 plants during the three-month UAW strike at American Axle & Manufacturing Holdings Inc. On Monday, June 23, GM said it plans to reduce picku…

* GM Europe Q1 volume of 572,137 is the highest ever Q1 volume * Chevrolet Europe Q1 sales up 30 percent to a record market share of 2.2 percent * GM Russia sales up 78 percent * Cadillac’s European sales up 13 percent in the first three months * HUMMER sales in Europe increase by 59 percent compared to Q1 2007 Zurich. In the first quarter of 2008, General Motors (GM) Europe sales reached an all-time record of 572,137 vehicles*, an increase of 18,111 units compared to Q1 2007. The company market share was 9.6 percent. “The Chevrolet brand’s strong growth – especially in Eastern and Central Europe – continued in the first quarter of 2008. As the new Aveo, Chevr…

GM announced 2000 job cuts today. What shocked me was reading Cobalt production dropped from 21,000 in June to 13,000 in December. Maybe GM should look into pushing up the introduction of the Cruze.

http://www.theglobeandmail.com/servlet/sto...y/National/home

I just received this e-mail alert notice from Automotive News (I only can get the news alerts, I have no access to the rest of the story or website): Seeing as how several people, myself included, have been upset by GM/GMAC's news this week, maybe this will help out a little? [shrugs]

GM sales drop 15%, but up from previous quarter Robert Snell / The Detroit News General Motors Co. reported this morning it sold 1.94 million vehicles globally during the second quarter, down 15 percent from a year earlier due to continued economic pressures and a drastic cut in vehicle production. But compared to the first quarter, sales were up almost 20 percent. Through the first six months of the year, GM sold 3.55 million vehicles, down 22 percent compared to last year. Meanwhile, sales outside the U.S. rose to 72 percent of the automaker's total sales, compared to 65 percent a year ago. Sales in Asia rose 38 percent, but GM posted double-digit drops in s…

General Motors has issued a recall for 3,296 pickups and SUVs for a problem for the ignition switch. The Associated Press reports that the key in the switch can get stuck in the "start" position and then slip to "accessory" if bumped. This is due to the lock gears in the ignition have a larger diameter than the specifications allow. If this happens, this will cause the loss of power assistance to the brakes and steering, along with possibility of no airbag deployment. This seems very familiar to another ignition switch problem on older GM compacts last year. The models affected include, 2014 Chevrolet Silverado 1500 2015 GMC Sierra 1500 2015 Chevrolet Silverad…

Amy Wilson Automotive News October 11, 2008 - 12:01 am ET DETROIT -- In a bid to conserve cash, General Motors is giving itself more time to pay its North American non-production suppliers. Effective Oct. 1, GM says it is paying its "indirect" suppliers 60 days after receiving goods or a valid invoice, GM spokeswoman Deborah Silverman said yesterday. The company previously paid those vendors on a "second day, second month" basis or within about 35 days, she said. Despite the longer terms, payments will be made more frequently -- on a weekly basis, rather than once a month. GM has about 10,000 indirect suppliers in North America. They provide services and n…

GM Offers Buyouts to 74K Hourly Workers February 12, 2008 9:38 AM ET MSN Money; Sourced from Associated Press DETROIT (AP) - General Motors Corp., eager to lower wages and staunch the kinds of losses it saw in 2007, said Tuesday it is offering a new round of buyouts to all 74,000 of its U.S. hourly workers who are represented by the United Auto Workers. Workers will be given the details of the buyouts over the next several weeks. Most of those who accept are expected to leave by July 1, the company said. The UAW represents 98 percent of the company's U.S. hourly workers, with smaller unions representing the rest, GM spokesman Dan Flores said. GM won't say how ma…

[source: Wall Street Journal] GM's China Sales Hit Monthly Record in April BEIJING -- General Motors Corp. said its sales in China hit a monthly record in April, rising 50% from a year earlier on strength in its Buick and Wuling brands. The strong performance in China by the U.S. auto maker, until recently the world's biggest by output, contrasts with its struggles in its home market. GM is racing to restructure outside of bankruptcy court in the U.S., and is expected this week to accelerate talks with the United Auto Workers union and move toward closing about 2,600 dealerships. GM, which posted record China sales of 151,084 unit…

I didn't know quite where to put this, so admins feel free to move it. I don't think GM knows how to play the game of Washington politics, and by not knowing has made a huge mistake. Yeah we all know they shouldn't have flown to DC in their corporate jets, we also all know they are not looking for a bailout, but instead are looking for a loan, but what I'm talking about transcends even that. What I'm talking about is this: GM is being outflanked by the Germans, Koreans, Japanese and very soon by the Chinese and Indians. What I mean by that is for every plant/site GM shuts down outside of Michigan, they lose their two US Senator's and their US Representative's VOTES, t…

##Excuse the grammatical errors they arent the best in the world## ANDERSON — Concern about General Motors’ ability to restructure operations, cut costs and boost sales was raised after the company filed its annual report to investors Thursday with the U.S. Securities and Exchange Commission. “(GM’s) recurring losses from operations, stockholders’ deficit and inability to generate sufficient cash flow to meet its obligation and sustain its operations raise substantial doubt about its ability to continue as a going concern,” the company’s auditor, Deloitte & Touche LLP, indicated in the report. Shares in the company closed at $1.86 Thursday on the New York Stock …

GM to cut production at six pickup, SUV plants Sharon Terlep | Link to Original Article @ The Detroit News General Motors Corp. will cut production of large trucks and sport utility vehicles to avoid overstocking as demand for vehicles slips, the automaker said today. The company has canceled planned overtime for the rest of the year at six North American plants, including one in Flint, spokesman Tom Wickham said. The automaker wants to clear dealer lots and avoid a surplus that would force deep discounts on vehicles such as the Suburban SUV and new full-size pickups, he said. Volatile fuel prices and a crashing housing market have driven down demand for the large ve…

FEDS praise fuel-friendly GMs (Source Sun Newspaper) OSHAWA, Ont. (CNW) - Natural Resources Canada's Office of Energy Efficiency has awarded GM three 2006 EnerGuide Awards for the most fuel-efficient new vehicles in the large van and station wagon categories. This year, the Chevrolet Express Cargo, GMC Savana Cargo and Pontiac Vibe received EnerGuide Awards. To date, GM has won more EnerGuide awards than any other automotive company. Throughout the lifespan of the progam, GM has won more than double the EnerGuide awards than the nearest competitor. "We're proud to be designing and building a broad protfolio of industry-leading fuel-efficient vehicles,&q…

US carmaker asks Germany for €1 billion-plus and seeks funds in UK, Belgium and Sweden! John Revill Automotive News Europe November 24, 2008 06:01 CET General Motors Europe is reaching out beyond Germany in search of government help to avoid a liquidity crisis if its US parent goes bankrupt. Informal approaches are being made to governments in Poland, Belgium, Spain and the UK, Automotive News Europe has learned. GM has car assembly factories in all of the countries where it seeks aid. Last week, GM Europe's management met with German Chancellor Angela Merkel to ask for more than €1 billion in loan guarantees to finance the development and assembly facili…

Lindsay Chappell Automotive News August 5, 2009 - 2:00 pm ET Suppliers and workers at General Motors' assembly plant in Spring Hill, Tenn., thought they had the inside track this summer when GM had to decide quickly where to build a new family of subcompact cars. The plant boasts a recent renovation, a history of good labor relations and the sort of innovative supplier-automaker partnership that automakers profess to seek. It wasn't enough. A plant in Orion Township, Mich., got the nod. "A lot of us are still wondering how they made this decision," says Mike Herron, chairman of Spring Hill's UAW Local 1853. "Obviously, we're all hoping the best for Orion…

http://www.freep.com/article/20081122/BUSINESS01/81122026 Any comments welcome Chris

Date posted: 06-17-2008 WASHINGTON — Executives of the Ford Motor Company and General Motors on Monday signed deals with China government representatives aimed at sending more than $1.8 billion worth of U.S.-made vehicles and parts to the automakers' joint ventures in China. The two Detroit-based automakers in recent years have been aggressively buying components from China to help reduce their production costs in North America. The new deal will see products — and revenues — flow in the other direction for a change. Ford said its agreement calls for the export of more than 30,000 North American-built vehicles to China, beginning in 2009. Ford also will send transmi…

[source: Wall Street Journal] GM Gets Bankruptcy Court Approval By DAVID MCLAUGHLIN NEW YORK -- General Motors Corp. won court approval Thursday to borrow the full amount of a $33 billion loan from the U.S. and Canada while it moves to swiftly wrap up its bankruptcy restructuring. Judge Robert Gerber of the U.S. Bankruptcy Court in Manhattan gave final approval to the financing at a court hearing. When GM filed for bankruptcy June 1, the judge said GM could borrow about half of the loan. It took about 15 minutes for the judge to approve the financing after GM lawyers said they had resolved a number of objections. The loan is de…

From www.thetruthaboutcars.com General Motors Death Wtach 65 10 April 2006 By Robert Farago I wonder what Billy Durant would have made of Rick Wagoner. GM's founder was a man of great honesty, intelligence and drive. He was also a high school drop out who started the company with a $1000 loan-- and ended-up penniless. Twice. Perhaps that's why historians tend to credit General Motors' epic growth to the man appointed president in 1923; about whom an observer wrote, "The manufacture of correct assessments, not physical products, is what most gratified Alfred Sloan." Billy was the “car guy.” Alfred was the “bean counter.” The history of GM is the history of the str…

Linkity Auto Dealers, Late to the Game, Rally for Big Three Rescue Some Reticence Lingers, as Federal Help Could Speed the Closure of Sales Networks -- but a 'Way of Life' Is Threatened NEW CARROLLTON, Md. -- At a Chrysler dealership here Wednesday, dealers rallying in support of a government bailout for Detroit's Big Three grew emotional over the threat to "our way of life," as one put it. But even as they backed Detroit's plea, they acknowledged being late to the lobbying effort. "We probably should have done this across the country," Tammy Darvish, who owns the DarCars dealership that hosted the gathering, told a crowd that included a local seafood business,…

there is a show coming on tonight entitled "Saving GM" on CNBC by Phil LeBeau Not so long ago, General Motors was the largest corporation in the world and the reigning symbol of American industrial might. Now, the biggest of Detroit's Big 3 finds itself collapsing under the weight of foreign competition, dwindling sales, and a global credit crisis that's left it with barely enough cash to survive. CNBC goes inside GM, from the factories to the suppliers to the executive suite, as the former industrial giant scrambles to survive. show dates are: Friday, December 12th 10p | 1a ET Sunday, December 14th 10p ET Thursday, December 25th 11p ET Thursday, January …

GM to Cut Output at 3 Plants, Affecting 1,500 Workers (Update2) By Greg Bensinger Oct. 16 (Bloomberg) -- General Motors Corp., the largest U.S. automaker, plans to reduce production at two Michigan factories and one in Delaware by Feb. 2 because of declining sales, affecting about 1,500 workers. The cuts are in Wilmington, Delaware, involving 400 workers; Hamtramck, Michigan, with about the same number affected; and Pontiac, Michigan, with about 700 employees, GM spokesman Tony Sapienza said today in an interview. The plants build full-size pickup trucks, large sedans and sports cars that have lost U.S. sales this year through September as GM's total has declin…

Automotive News July 15, 2009 - 10:46 am ET BRASILIA (Reuters) -- General Motors unveiled plans today to spend 2 billion reais ($1.02 billion) in Brazil through 2012 to develop a new family of vehicles for the South American market. The U.S. automaker plans to invest the bulk of the money at its Gravatai factory in the southern state of Rio Grande do Sul, which it would expand to increase production capacity, Jaime Ardila, GM's chief executive for Brazil and the Mercosur region of South America, said in a statement. GM made the announcement after Ardila met in Brasilia with President Luiz Inacio Lula da Silva, a former metalworker who cut his political teeth in th…

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…

This morning, General Motors and Kenneth Feinberg have announced the details for the long awaited ignition switch recall compensation fund. The fund will be open to family members of anyone that was killed or injured due to ignition switch failure. That will include passengers, pedestrians, and other motorists that were killed or seriously injured because of the ignition switch. Victims will be able to begin the process starting on August 1st. Applications are due by December 31st. Feinberg says that claims will take around 90 to 180 days. As for how much GM will be paying out, that is completely up in the air. Feinberg has said that he isn't going to try and estimate h…

GM as a conservative company choose to start up their latest commercial venture by making it a stand alone entity. BrightDrop is that entity where they have electric delivery carts, pallet movers and more that can be explored at their web site. BrightDrop | Electric first to last mile delivery products (gobrightdrop.com) BrightDrop initially started with a contract with FedEx for their future North American full size delivery vans the EV600. BrightDrop and GM has taken the concept to production in the fastest time ever with production starting on the EV600 commercial vans. This was made possible using the Ultium battery plat…

John Revill July 7, 2008 06:01 CET WROCLAW, Poland -- Chevrolet expects to increase its European sales by 10 percent to nearly a half million cars this year. "I think we can grow from 450,000 to close to 500,000 this year," Steve Flamand, Chevrolet Europe product marketing manager, said. Flamand said Chevrolet mainly expects to increase sales in growth markets such as Russia, Turkey and eastern Europe. But the brand also believes it can boost sales slightly in western Europe despite the region's economic downturn and forecasts for a flat new-car market in 2008. "For other volume brands, thinking about growth is quite a challenge," Flamand told Automotive News…

Rick's Talk

http://www.msnbc.msn.com/id/21101934/ Ford’s September sales plummet, GM’s are flat Toyota figures slip slightly, Honda posts gains led by Accord and CR-V The Associated Press Updated: 5:03 p.m. ET Oct 2, 2007 DETROIT - Weakness in the housing market and flagging consumer confidence made September another tough month for the auto industry, although General Motors, Honda and Nissan bucked the trend with hot-selling new vehicles, according to U.S. sales figures released Tuesday. Ford Motor Co.'s U.S. sales plummeted 21 percent for the month, largely due to a 62 percent reduction in sales to rental car companies. Toyota Motor Corp. posted a 4 percent decline bu…

No new Buick, no Lutz. Saving it for NAIAS http://news.moneycentral.msn.com/ticker/ar...8&Symbol=GM

Gm europe prefere spanish construction than official and knew at portugal, due a bad negotiation between gm and british post office. We go to give preferece to french/koreans cars. Im sure that!

http://news.moneycentral.msn.com/ticker/ar...7&Symbol=GM

By Bernard Simon in Toronto Published: August 17 2008 19:18 | Last updated: August 17 2008 19:18 General Motors is planning to rebadge its Chevrolet Volt electric car as an Opel and bring it to Europe as part of the US carmaker’s plans to expand the model range of its highly anticipated new vehicle. GM is sufficiently encouraged by the development of the Volt that it has begun work on several other similar vehicles. EDITOR’S CHOICE GM shares fall on Moody’s rating cut - Aug-13Hybrid race heats up for carmakers - Aug-13Upbeat GM chief says group past worst - Aug-11US economy slams brakes on carmakers - Aug-01Video: Liam Denning on General Motors - Aug-01A not so…

GM’s Opel rejects Belgian emissions claim Andy Sharman in London The Zafira, a family car sold by the European arm of General Motors, has come under fresh scrutiny for its emissions performance in the wake of the Volkswagen diesel scandal. GM's Opel division said it had been made the subject of "false accusations" after a report by Belgian broadcaster VRT claimed it had been secretly modifying the emissions performance of its cars using unexplained software updates since the VW scandal emerged in September. Financial Time's full article. Bern University of Applied Sciences and environmental lobby club DUH previously found this model to pass E…

Link: http://www.msnbc.msn.com/id/21134540/vp/27473279#27473279

Automotive News September 1, 2008 - 12:01 am ET This year's Pebble Beach Concours d'Elegance celebrated General Motors' centennial with the display of 20 of the automaker's Motorama cars. Today they're called concept cars, but in the '50s they generally were called "cars of the future." One Motorama car in particular made a lasting impression on a young Ed Welburn, now GM's design vice president. "What was the first Motorama car I saw? I was 8 years old. It was the Philadelphia auto show. I was crazy about cars, and the Cadillac Cyclone was there," Welburn said in California at the Pebble Beach event. "It was an incredible experience for me. It is just like I …

FOR RELEASE: 2006-01-25 GM Restoration Parts and Chevrolet donate $2,500 in genuine parts to restore Corvette returned 37 years after being stolen DETROIT – GM Restoration Parts and Chevrolet have donated $2,500 in genuine parts to help restore the 1968 Corvette convertible that Alan Poster recently had returned to him after being stolen 37 years ago. Alan Poster, who made a number of headlines last week for having his stolen Corvette returned just before being shipped to a would-be buyer in Sweden , was surprised by the gift during an interview with Cruise Control Radio, a national automotive talk radio show. Harlan Charles, Corvette product manager, called to c…

Jamie Lareau Automotive News June 8, 2009 - 12:01 am ET General Motors, which already has told more than 1,300 dealerships they will be dropped, is pressuring survivors to sign a contract that gives up rights spelled out for dealerships in state franchise laws. To enforce the deal, GM issued a threat: If dealers don't sign, the company can, in bankruptcy, cancel their franchises now. Dealers must sign by this Friday, June 12, or risk termination. Such agreements ordinarily could not be enforced because they conflict with state franchise laws, which limit an automaker's freedom to rewrite franchise agreements. But GM is working on the theory that federal ban…

Jamie LaReau Automotive News January 13, 2008 - 1:45 pm ET UPDATED: 1/13/08 3:17 p.m. DETROIT -- General Motors is willing to boost incentive spending in 2008, says Mark LaNeve, vice president of North American vehicle sales, service and marketing. He says he believes that U.S. vehicle sales in 2008 will be flat because manufacturers will likely spend more on incentives to keep it around 16 million. GM in the past has been known to spend more on incentives than some of its competitors. "We've broken that cycle of incentive spending," LaNeve said, noting that buyers' reasons for choosing GM have evolved from a great deal to a great product. "But you sti…

October 30, 2008 - 6:45 pm ET WASHINGTON (Reuters) -- The U.S. Treasury Department is not negotiating with General Motors and the owners of Chrysler LLC on a request to provide direct government aid to their proposed merger, a Bush administration official said today. Instead, the administration is working to speed the distribution to automakers of $25 billion in factory retooling funds authorized by Congress last month, the official told Reuters. Earlier this week, industry sources said GM had asked for roughly $10 billion in an unprecedented government rescue package to support its acquisition of Chrysler from Cerberus Capital Management LP. The request was view…

By Micheline Maynard Monday, June 1, 2009 Provided by The New York Times Link to Article It is a company that helped lift hundreds of thousands of American workers into the middle class. It transformed Detroit into the Silicon Valley of its day, a symbol of America’s talent for innovation. It built celebrated cars, like Cadillacs, that became synonymous with luxury. And now it is filing for bankruptcy, something that would have been unfathomable even a few years ago, much less decades ago, when it was a dominant force in the American economy. ------------------------------ I thought this was a really good article.

1-800-Clunkers? Florist keeps getting car calls Story Link By MICHAEL TARM, Associated Press Writer Michael Tarm, Associated Press Writer – Tue Aug 18, 6:27 pm ET CHICAGO, Ill. – The government is giving cash for clunkers. It isn't sending flowers. Still, a small-town florist in central Illinois has been fielding hundreds of calls a day from people inquiring about the rebate program after General Motors began advertising a national toll-free cash-for-clunkers number that's nearly identical to the shop's toll-free number. The Flower Corner in Clinton is being inundated with more than 150 calls a day, overwhelming its staff of six and threatening to damage busin…

Reports are coming in that the General is considering selling its medium truck operations to Isuzu. This news is totally unconfirmed by both parties, though Isuzu says it would be more than willing to listen if GM felt the desire to talk. All of this comes shortly after Navistar chose not to follow through on its non-binding agreement to purchase the commercial truck unit from General Motors after seeing what's been happening with the U.S. economy and gas prices. After that deal went sour, GM said that it would continue looking for options, so this particular piece of the rumormill pie is anything but surprising. We contacted GM to see if the automaker had anything to s…

According to MSNBC, the GM plant in Lordstown, OH will remain closed a little longer than the holiday break. To read their report, click here.

[source: Wall Street Journal] Geely No Longer Among Suitors for Saab By NORIHIKO SHIROUZU BEIJING--An investment group led by Chinese auto company Geely Holding is no longer a candidate to acquire General Motors Corp.'s Saab unit, according to two people familiar with the situation. GM has narrowed the field of potential buyers for Saab, and the group led by Geely Holding, the parent of one of China's biggest home-grown carmakers, is not among them, the people said. It wasn't immediately clear whether the Geely group withdrew, or was rejected by GM. A Saab spokesman confirmed the field has narrowed to "two or three" candida…

gm has had a busy week on top of a busy year as gm moves forward with their global plan to be a green carbon neutral company by 2040. To do this, gm has reached out to like minded businesses in putting together a 21st century portfolio of technology options for a cleaner future. Today June 23rd 2021, gm announced a program with Shell via the MP2 Energy, LLC, to provide comprehensive energy solutions to gm's customers and supply chain partners, including fixed-rate home energy plans backed by 100 percent renewable energy resources. This program is currently available to all Chevrolet, Buick, GMC and Cadillac vehicle owners in the state of Texas. What does t…

Uncertainty Clouds Recovery of U.S. Investment in GM Carmaker's Shares Would Have to Hit A Historic High If a new General Motors emerges from bankruptcy as planned, U.S. financial aid for the company will expand to nearly $50 billion, but neither the government nor the company is forecasting how much of the public money will be repaid. It's sure to be a stretch. For the United States to fully recover its investment, the value of General Motors stock will have to reach levels it has never before attained. "I'm not going to predict it -- that's not my job today," GM chief executive Fritz Henderson said in a recent interview. "I don't know how much we're going to recover…

Detroit Bureau

GM has reached a deal on the local contract with UAW Local 31 at the plant Tuesday evening , company spokesman Dan Flores said. We're certainly pleased that we have a tentative agreement , Flores said. "Obviously , Malibu and Aura are very important products for us." Industry analysts have said the strike in Kansas City and one at a key crossover vehicle plant in Delta Township ,Michigan(the Lambda's) were designed to draw GM into a long , bitter strike by the UAW against parts maker American Axle. Union officials , including UAW President Ron Gettelfinger , denied any connection and said the strikes were over local contract disputes. The UAW and American Axle reach…

Link to Article GM researches high-tech windshields to aid vision By MARGARET HARDING, Associated Press Writer 2 hours, 1 minute ago WARREN, Mich. - When Coke bottle glasses just won't cut it for safe driving, a futuristic windshield might do the trick. General Motors Corp. researchers are working on a windshield that combines lasers, infrared sensors and a camera to take what's happening on the road and enhance it, so aging drivers with vision problems are able to see a little more clearly. Though it's only in the research stage now, the technology soon will be more useful than ever. The 65 and older population in the U.S. will nearly double in about 20 years, …

Bailout Blues: GM can’t afford to throw out its Opel baby By: John LeBlanc The latest has Government Motors refusing to explain the “why” it can’t make a decision between what the German government wants (Canadian Magna’s Russian-backed bid) and what the automaker wants (Belgian private equity RHJ International’s bid that would give GM more control in a new Opel.) Now listen up. Your Canadian pride may be backing Magna (Way cool—Canada’s first modern automaker!!) But as a Canadian taxpayer now with a share of GM, you may want to start cheering for the RHJ guys. Here’s why. Full Story at Wheels.ca

Wall Street Journal For GM Bondholders, Time Is a Weapon President Obama delivered a powerful warning to General Motors' unions and bondholders, suggesting that he was prepared to push the company into bankruptcy to force them to accept serious cuts. Now the great game of chicken begins. Does he really mean it? A bankruptcy would force bondholders to take big losses on $29 billion of unsecured debt. But that doesn't mean the bondholders will quietly accept their fates. In many cases, these are the same investors who won a big victory over the government in the case of GMAC, the auto maker's finance arm, just three months ago. The bondhol…

GM back in 2019 rolled out what their BEV platform would be like using the BEV global platform that will evolve in supporting a complete portfolio of BEV or battery electric auto's. The goal of the BEV platform was to use a new GM digital vehicle platform that enables future technology by supporting data processing of up to 4.5 terabytes per hour, a five fold increase over the current electrical architecture at the time with connectivity supporting up to 10 Gbps. This is what would allow GM to have over the air updates to their products for decades to come. https://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2019/may/0…

http://www.msnbc.msn.com/id/21134540/vp/37229661#37205306

By Kevin Krolicki DETROIT, Oct 26 (Reuters) - General Motors Corp and Chrysler LLC's owners are discussing a merger that would keep some of Chrysler's operations intact and save jobs with the aim of securing U.S. government financial aid the high-stakes deal would require, people familiar with the talks said on Sunday. A merger under these terms would give control to GM but leave Chrysler's owner, Cerberus Capital Management, with stake of less than 10 percent in the combined company, according to the sources who were not authorized to discuss the talks publicly. Such a merger would shake up the U.S. industrial landscape and create an automaker with about a third of…

On February 17, 2008, the San Francisco Chronicle printed an interview with GM's Chairman and CEO, Rick Wagoner. There are a number of interesting questions, such as a query about his job performance: "Q: When you became CEO, you had four main goals. One was to develop a sense of urgency for GM. The second was to become innovative. Thirdly, stretch beyond your limits or imagined limits and act as a single company. Do you feel you are delivering on that? A: I would say those are running pretty well. Basically, the last one talks about the fact that we tended to run our business as a U.S. business, Europe business, etc. To be competitive, and to take advantage of the be…

Looks like GM is in the news again. Certain 2024 model-year Chevy Silverado GMC Sierra trucks could split in the metal on the passenger side. Due to this, GM announced a stop-sale. The National Highway Traffic Safety Administration (NHSTA) has published a document that 3,067 vehicles are being inspected. They will test the 1,500, 2,500, and 3,500. Although it is stated that the damage is on the passenger side at the roof panel joint under the molding, the exact cause was not stated. Dealers were advised to wield up the crack. There are a few steps before wielding up the crack such as removing roof rail airbags on the passenger side. This document advised technic…