General Motors

This morning, General Motors announced that it would be investing $1 billion into their manufacturing operations in the U.S. The investment will go towards “new vehicle, advanced technology and component projects,” that will create or retain 1,500 jobs. GM also announced that it would create at least 5,000 more jobs in the U.S. for various parts of their business, and insource the production of axles for their next-generation of full-size trucks to create 450 jobs. Announcements on where the investments will go will be announced at a later date. “As the U.S. manufacturing base increases its competitiveness, we are able to further increase our investment, res…

It hasn't been a good couple of years for workers General Motors' Orion Assembly, home to the Buick Verano and Chevrolet Sonic. Last year, GM laid off 150 workers. This was followed by GM eliminating a shift at the plant this year due to weak demand for small cars. Yesterday, another dose of bad news hit the plant. Both Automotive News and Detroit Free Press report a $245 investment announced last year for the plant has been shifted to GM's Fairfax, Kansas - home to the Chevrolet Malibu and Buick LaCrosse production. A GM spokeswoman tells Automotive News that workers were told about the investment shift back in January. The switch is “part of our ongoing prod…

EV charging to some is a stressful thing, the ability to drive your EV, knowing you can quickly get a recharge and where should be a simple thing and yet range and charging hit the stress level for current and potential owners of BEV products. GM is tirelessly working to provide GM EV owners more confidence and convenience when it comes to EV charging. As stated by GM, the customers need a robust charging experience that makes the transition from ICE to EV seamless and helps to drive mass adoption per Travis Hester, GM's chief EV officer. Quote: “As we launch 30 EVs globally by the end of 2025, Ultium Charge 360 simplifies and improves the at-home charging exp…

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…

AP ArticleDETROIT – The new General Motors arose on Friday as lawyers finished an all-night paperwork session transferring the bulk of the automaker's assets to a company controlled by the U.S. government.Once the world's largest and most powerful automaker, new GM is now cleansed of massive debt and burdensome contracts that would have sunk it without federal loans.But the new GM also emerges amidst the worst sales slump in a quarter-century.The massive transfer of factories, money and intellectual property was completed about 6:30 a.m., according to a person briefed on the situation, clearing the way for a smaller and faster company better equipped to compete in the bru…

Jerry Flint has come up with some ideas which will, in his opinion, help to save General Motors. To read his column from Forbes.com, click here.

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.

http://www.businessweek.com/ap/financialnews/D8RP90EO1.htm Union defers health care takeover talks By TOM KRISHER and DEE-ANN DURBIN DETROIT United Auto Workers President Ron Gettelfinger has decided to temporarily shelve talk with General Motors Corp. about the union taking over retiree health care, but the issue remains part of the bargaining, a person briefed on the talks said Thursday. The person, who asked not to be identified by name because the talks are private, said Gettelfinger rejected GM's latest retiree health care proposal on Tuesday night and wanted to move to other issues. GM, the lead company in talks with the union, wants to pay the UAW to set up …

OnStar Stays Factory-Installed Only Date posted: 10-11-2007 | Link to Original Article @ Edmunds WASHINGTON, D.C. — After contemplating offering aftermarket OnStar receivers to owners of cars that didn't come with the service built in, the company has decided to limit its product to original-equipment-use only, said OnStar President Chet Huber. With a flattening membership growth curve, the notion of pursuing customers whose cars didn't come with OnStar certainly looks attractive, but the idea of marketing a version of OnStar for such customers just doesn't make sense to the company, Huber explained. "We can't be confident that it can really be OnStar as an aftermark…

News Isuzu CEO says North American operations nearing a 'major turning point' JAMES B. TREECE | Automotive News Posted Date: 11/23/05 TOKYO -- Isuzu Motors Ltd.'s profits are down, but CEO Yoshinori Ida isn't worried. He says the decline is part of his plan to refocus the company on the more profitable parts of its business. For example, Isuzu's North American revenue shrank 31 percent in the fiscal first half, which ended Sept. 30, to $604.1 million, the company reported last week. That was mostly because Isuzu stopped selling SUVs. But operating profit there surged two and a half times, to 3.74 billion yen, or $33.1 million at current ex…

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Rick's Talk

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…

General Dynamics Elects Mary T. Barra to Board of Directors FALLS CHURCH, Va., March 4, 2011 /PRNewswire/ -- The board of directors of General Dynamics (NYSE: GD) has elected Mary T. Barra to be a director of the corporation, effective March 15. Barra, age 49, is the senior vice president of Global Product Development for General Motors Company (NYSE: GM), one of the world's largest automakers. In that position, Barra leads the design, engineering, program management and quality of vehicles for the company's 11 brands around the world, and is a member of the company's Executive Committee. Previously she was vice president of Global Human Resources, leading GM's human…

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…

Link: http://news.yahoo.com/s/nm/20050828/bs_nm/...HNlYwMlJVRPUCUl

GM stated a few years back that they were all in on EVs and would prove that by bringing to market a number of EVs that would meet the needs of the retail market. Chevrolet started with the Silverado EV RST edition, delivering an estimated 440 miles of range on a full charge with 754 horsepower and 785 lb-ft of torque with a 0-60 mph time of less than 4.5 seconds, DC fast charging up to 350kW and a 10,000 pounds of trailering with 1,500 pounds of payload. The Silverado RST was a fully loaded truck that has many features and yet Chevrolet also stated that two other modules would also be available by the end of 2024, 4WT with a 450-mile range, 3W…