General Motors
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GM CFO Chris Liddell Leaves William Maley - Editor/Reporter - CheersandGears.com March 10, 2011 Chris Liddell, GM's chief financial officer for fourteen months has announced he will be leaving the company on April 1st. Liddell, who came from Microsoft helped GM through the largest IPO in Wall Street history. In a statement released today, Liddell said, “I came to General Motors to be part of something great. My objective was to help rebuild this iconic company and I am particularly pleased that through this process," His successor is Dan Ammann, GM's Treasurer. Ammann joined GM in March 2010 after a stint as managing director and head of industrials inve…
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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…
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GM's Powetrain Chief Resigns William Maley - Editor/Reporter - CheersandGears.com March 2, 2011 Jamie Hresko, General Motor's powertrain chief stepped down on Monday. GM Spokeswoman Katie McBride said on Tuesday, Hresko stepped down "to pursue other opportunities" after 28 years at GM. Hersko's departure comes about a month after CEO Dan Akerson moved Tom Stephens who was overseeing product-development to become GM's new Chief Technical Officer. Akerson gave Mary Barra, a manufacturing engineer Stephen's old job. A person close to the situation states, that it was Hresko's own decision and not a management shakeup. Hresko worked at GM for 28 years, mostly…
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US Treasury Plans For Early Sale Of GM Shares William Maley - Editor/Reporter - CheersandGears.com February 27, 2011 The US government is planning to sell off the remaining share of GM it owns rather than wait for the stock price to get higher to max out the investment. Austan Goolsbee, the chairman of the Council of Economic Advisers spoke at a breakfast with reporters. "The writing is clearly on the wall that the government is getting out of the GM position. The government never wanted to be in the business of being majority shareholder of GM. It was only to prevent a wider spillover, negative event on the economy. So we're trying to get out of that," s…
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General Motors Posts First Full Year Profit William Maley - Editor/Reporter - CheersandGears.com February 24, 2011 General Motors just released their annual earnings and its good news. GM reported a profit of $4.7 billion, it's first full profit since 2004. GM's revenue for the year totaled $135.6 billion. The results were under the $5.3 billion that analysts expected for GM for the year. GM announced they will be handing out profit sharing checks to 45,000 hourly workers of about $4,300 and 3,000 workers at GM Components Holdings will get about $3,200. Press Release is below. GM Announces First Full-Year Results as New Company 2011-02-24 GM ac…
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GM launches Mylink System to compete with Ford's Sync and Toyota's Entune NEW YORK – Consumers who seek a higher level of in-vehicle wireless connectivity and customized infotainment options, plus the unmatched safety and security of OnStar need look no further than the 2012 Chevy Volt and Equinox. When these vehicles go on sale later this year, they will be the first to offer Chevy MyLink – an in-car infotainment package that builds on the safety and security of OnStar and seamlessly integrates online services like Pandora® internet radio and Stitcher SmartRadio® using hands-free voice and touch-screen controls via Bluetooth device connectivity. …
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http://www.autoblog.com/2011/01/25/how-bob-lutz-made-four-auto-journalists-his-secret-weapons-at/ neat read, and reasons to be concerned going forward........
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http://www.autoblog.com/2011/01/27/general-motors-withdraws-14-4b-loan-request-from-doe/ GM's chief financial officer Chris Liddel, outlined the automaker's choice to cancel its loan request, stating: This decision is based on our confidence in GM's overall progress and strong, global business performance. Withdrawing our DOE loan application is consistent with our goal to carry minimal debt on our balance sheet.
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Chris Preuss Steps Down As OnStar President William Maley - Editor/Reporter - Cheersandgears.com January 18, 2011 Chris Preuss is stepping down from his position as President of OnStar to start a communications consulting company. The move comes less than year after Preuss was appointed. "I'm thankful for the opportunity I was given to lead OnStar and I'm proud of what our team accomplished. I'm looking forward to taking my experience as a chief executive in a company back into my career-long expertise as a communicator and counselor. I wish my colleagues and friends at OnStar only the best in the years to come," Preuss said in a statement on his Fa…
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OnStar to be made available all non-GM Vehicles Drew Dowdell - January 4th, 2010 At a CES press conference today, Onstar President Chris Preuss announced that Onstar will be made available on all vehicles, even non-GM vehicles. Starting in early 2011, OnStar will be offered as an aftermarket package for $299 plus $18.95 per month. The entire capabilities of the OnStar System will be included including Automatic Crash Response Stolen Vehicle Location Turn-By-Turn Navigation Roadside Assistance Hands Free Calling The kit will be installed by Best Buy technicians for a guestimated $75-$100 Press Release: OnStar Expands Beyond GM Cars: OnS…
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General Motors' too General Website A Critique January 12th, 2011 Paul Guastella - Staff Writer - CheersandGears.com Almost anyone looking to make a major purchase these days will at least do a bit of research online. With so many things to consider when purchasing a new vehicle, a website is a vital source of information to a consumer. A positive web experience will definitely make an impression on the visitor. Conversely, so will a negative experience. This is a chance a manufacturer has to lure a consumer towards their product and hopefully into their showroom. GM knows this and has their websites packed with information. However, if a customer is shopping…
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GM achieves third consecutive quarter of profitability and positive cash flow Net income of $2.0 billion, earnings per share of $1.20 DETROIT, Mich. – General Motors Company today announced that for the third quarter ending September 30, 2010, the company generated: Revenue of $34.1 billion Net income attributable to common stockholders of $2.0 billion Earnings per share on a fully diluted basis and adjusted for 3-1 stock split of $1.20 Earnings before interest and tax (EBIT) of $2.3 billion Net cash flow from operating activities of $2.6 billion Free cash flow of $1.4 billion "As demonstrated by our third consecutive quarter of profitability and pos…
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You may only choose one... so choose wisely.
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GM's diesel for North America: It needs a good name GM's 2.9 liter V6 Clean Diesel for Europe September 29th - By Drew Dowdell On Monday, GM Vice Chairman Tom Stephens said at an energy efficiency conference that GM would release a diesel powered car for sale in the U.S. sometime in the future. Vague words at best, but still it managed to perk the ears of those of us who love torque. One of the constant problems with diesel power in the U.S. has been how to market it as something "special" compared to an every day gasoline engine. The word "diesel" pulls along as much baggage as the semi-trailers it powers. As the discussion about diesels increases over the next…
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In Indianapolis, It's Autoworkers versus Autoworkers The Atlantic GM's bankruptcy was structured as something called a 363 sale, in which you create a new company which buys the assets you want the reorganized firm to keep, and leave the remaining assets in the old company, which then tries to sell them for whatever they're worth and gives creditors the money. Needless to say, the assets left inside the old company are often not as valuable as the ones the company keeps--they may have little value at all. So when "Old GM" found a buyer for its Indianapolis stamping plant, that was a happy piece of news; if it's not sold, the plant will be shut down in September of nex…
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Government Motors no more An apology is due to Barack Obama: his takeover of GM could have gone horribly wrong, but it has not AMERICANS expect much from their president, but they do not think he should run car companies. Fortunately, Barack Obama agrees. This week the American government moved closer to getting rid of its stake in General Motors (GM) when the recently ex-bankrupt firm filed to offer its shares once more to the public. Once a symbol of American prosperity, GM collapsed into the government’s arms last summer. Years of poor management and grabby unions had left it in wretched shape. Efforts to reform came too late. When the recession hit, demand for car…
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The New General Motors Company Launches Today GM gets back to the business of building great cars and trucks, serving customer needs New company created from GM's strongest assets Four core brands backed by the nation's largest and strongest dealer network Streamlined organization on a global basis for faster decisions, sharper focus on the customer Commitment to open communications DETROIT - The new General Motors Company began operations today with a new corporate structure, a stronger balance sheet, and a renewed commitment to make the customer the center of everything the new GM does. "Today marks a new beginning for General Motors, one that will allow …
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GM prepares its getaway The Economist ED WHITACRE, a former head of AT&T who took over the reins at General Motors last December and who yesterday announced his own imminent departure, deserves a small round of applause for what he has achieved. Just over a year ago, GM was taking its first faltering steps on the road to recovery, as it emerged from its government-orchestrated “quick-rinse” bankruptcy. But despite shedding debt, dropping several brands, shrinking its bloated dealer network, cutting jobs and securing concessions from those workers who remained, there were still plenty of sceptics. Could a company that had lost $88 billion in the four years to 2009,…
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GM Announces CEO Succession Process Dan Akerson to Become CEO, Whitacre Remains Chairman DETROIT – General Motors today said that Edward E. Whitacre, Jr. will step down as chief executive officer on September 1, 2010, and as chairman of the board by the end of the year, having successfully led the company's return to profitability after the most turbulent period in its history. Earlier today, GM reported its second consecutive quarter of profits after a string of losses dating back to 2007. Dan Akerson, 61, who has served on the GM board of directors since July 2009, will become CEO on September 1 and chairman by the end of the year, ensur…
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Highlights: -GM to invest $500 million in its Ramos Arizpe plant in northern Mexico to produce a new line of engines as well as a new vehicle. -the new line of engines are V-8's with SIDI -expected 9% improvement in gas mileage over current engines -Assembly of the vehicle, which wasn't named, is set to begin in the last quarter of 2011. Link to WSJ article The article interests me in several ways: 1) The obvious one: YOU UNGRATEFUL SOB'S. WE SAVED YOUR ****'S LESS THAN A YEAR AGO. WHY ISN'T THIS INVESTMENT BEING MADE IN THE U.S.?!? 2) This article must be referring to the gen-V family of small blocks (5.5l)? The only other V8 you could possibly consider is…
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Health tab to soar at GM Health care costs at General Motors Corp. and Ford Motor Co. will continue to rise at an alarming rate and are likely to spark a showdown with the United Auto Workers during upcoming contract talks, according to a new report released Monday by the respected credit-rating firm Fitch Inc. Fitch looked at cash costs for health care at both GM and Ford and concluded that concessions made by the UAW in 2005 have not been enough to offset inflation-driven increases in health care spending, production cuts and the flow-back of workers from both automakers' former parts subsidiaries. Ford will see some modest gains as a result of its blue-collar buyou…
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GM (Finally) Makes a Profit, But Some Worries Remain The Atlantic A year after the bailouts that I, among others, opposed, General Motors has announced its first real profit--$1 billion in positive cash flow, and $865 million in net income. At this pace, GM may emerge from bankruptcy and go public by the end of the year, which will allow the government to recoup some of its investment. This is great news for taxpayers, and for GM employees. The company didn't just achieve the profit by cutting costs, but also by improving the revenue side. However, there are still some dark spots on the record: 1. GM achieved its profits at a time when the number one Japanese carma…
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In this day and age of big goverment here is the latest we are facing in Ohio. Senate bill 204 is proposing that would let GM dealers sell other makes and modelin in their show rooms. It also would prevent independent repair shops and private owners from buying GM parts to repair thier own cars. Read on to the story below. General Motors is launching an ad campaign in Ohio to argue that pending legislation there could hurt GM's turnaround. General Motors says the bill, SB 204, which the Ohio Senate is considering next week, would allow auto dealers to sell foreign-made vehicles on the same dealer lots with GM cars and trucks; would prohibit GM from selling its auto…
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http://www.msnbc.msn.com/id/21134540/vp/37229661#37205306
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Come on guys! Mark isn't so sure he should tweet! Let us know!
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http://news.windingroad.com/body-stylesmar...ral-motors-mpv/
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The GM Shreveport plant that makes the Chevy Colorado/GMC Canyon has been halted due to defective Chinese microchips. The plant gets its brake modules from a North Carolina supplier, and they get chips from China. The whole problem should be fixed in a week (April 26.) link: http://www.motobullet.com/news.php?id=10208 (motobullet) .
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Was on auto row today and noticed that the Pontiac sign on my local dealer's building here north of LA has been covered up. The GM pylon sign out front still has "Pontiac" but will likely be replaced by "Cadillac" as the dealer has replaced his Cadillac-only store with Volkswagen(!) and has moved Cadillac in with Buick/GMC. Interestingly, the HUMMER sign at the same Buick/GMC dealership has not been covered up/removed yet despite the lack of new inventory. The Saturn dealer down the street still has his sign up but no new inventory. What's going on in your town?
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Here is how it used to be in America and at GM. http://www.archive.org/details/Achievem1955
Last reply by hyperv6, -
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http://www.freep.com/article/20100309/BUSINESS01/100309058/1322/Toyota-accuses-GM-of-offering-predatory-incentives Like Toyota wasn't preying on GM when they went into bankruptcy.
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Fritz is back! General Motors re-hires Henderson for a $59,000 a month consultant gig. From Jalopnik
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Chevrolet, Buick, GMC and Cadillac Retail Sales Up 3 Percent Total Sales for Core Brands Up 30 Percent Fourth Consecutive Month of Retail Sales Gains for GM's Four Brands Chevy Equinox, GMC Terrain and Cadillac SRX Retail Sales Up 161 Percent Fleet Sales Comprise 29 Percent of Total Sales DETROIT – U.S. dealers for GM's brands – Chevrolet, Buick, GMC and Cadillac – reported retail sales of 102,420, up 3 percent compared to January 2009, and 145,098 total sales (up 30 percent). These results were driven by the continued strong growth of new GM crossovers and passenger cars. For the month, GM dealers reported 146,825 total sales (including other brands),…
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Buick and GMC honored with multiple Consumer Guide "Best Buy" and "Recommended" awards 2010 Buick LaCrosse and Enclave Named to Consumer Guide 2010 Best Buy and Recommended Award The 2010 Buick LaCrosse and Enclave were named a best buy by Consumer Guide’s 2010 Best Buy and Recommended Award. The LaCrosse took top honors in the large car class and the Enclave in the premium midsize SUV class. "These awards are great recognition for the LaCrosse and Enclave," said Brian Sweeney, general manager of Buick GMC. “Our goal with these vehicles has been to bring new buyers to Buick, and customers are getting that message, because the Enclave and new La…
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GM Announces New Program to Design and Manufacture Electric Motors http://gm-volt.com/2010/01/26/gm-announces-new-program-to-design-and-manufacture-electric-motors/ GM is taking the next critical step to position itself competitively in a future of electrified automobiles. Vice Chairman Tom Stephens is announcing today that GM is expanding its in-house core competency to include the design and manufacture of electric motors. This will make the company the first major US automaker to mass produce its own electric motors. Electric traction motors are a critical component for both hybrid and electric cars. Stephens likens them to the combustion engine, and the bat…
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GM Press Conference January 25th 2010 Drew Dowdell - Ed Whitacre called a press conference today to discuss changes to GM. Ed will be taking the helm of GM as it's permanent CEO. Mr. Whitacre said, "We've come a long way in a short time." GM will be repaying it's loans from the U.S. and Canadian government in full by June 2010. No change in direction of Saab wind down. No big changes, "I've been doing the job as if I were a permanent CEO" - Ed Ed will still be commuting from Texas but will spend a lot more time in Detroit. Ed wasn't intending to stay as CEO, but grew comfortable with the people and the company, and he got "sucked in". Ed will be both Chairman…
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Looks interesting...I wonder if this is on a GM platform (seems to be Epsilon sized). Suzuki Kizashi
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$1 billion?
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How come there is not more news on GM investing $1 billion in their next-gen fullsize trucks? What can we expect from these new trucks, there is a new diesel coming we know that, but from the spy pics I've seen of upcoming models there is not much to be excited about. Unless these are stopgap models until newly freshened sheetmetal comes out?
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GM Builds First Lithium-ion Battery for Chevrolet Volt o GM is the first major automaker to manufacture an advanced lithium-ion battery pack in the U.S. o Brownstown Township to be first high-volume U.S. automotive lithium-ion battery manufacturing site o Plant’s battery cell processing, module and pack manufacturing capabilities strengthen GM’s in-house battery expertise BROWNSTOWN TOWNSHIP, Mich. – Exactly three years since the day the Chevrolet Volt concept car debuted, GM today manufactured the first advanced lithium-ion battery for a mass-marketed electric vehicle at GM's Brownstown Battery Pack Assembly Plant. “This i…
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GM may reopen some factories to meet higher demand By TOM KRISHER, AP Auto Writer Tom Krisher, Ap Auto Writer – 1 hr 5 mins ago DETROIT – General Motors Co. may reopen some shuttered factories because it can't produce certain vehicles fast enough, its North American president said Monday. Mark Reuss told reporters at the North American International Auto Show in Detroit that plants building the Chevrolet Equinox, GMC Terrain and Cadillac SRX crossover vehicles and the Buick LaCrosse sedan are at capacity and can't satisfy demand. Reuss mentioned an idled factory in Spring Hill, Tenn., but stopped short of saying any plants would be reopened. He said if he …
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Hmmmm,this is interesting ... http://bit.ly/8biZwh
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Title says it all ...
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Rest of the article is Here.
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This is from the Wall Street Journal-Copyright Dow Jones KANSAS CITY, Kan.—Starting Jan. 4, General Motors Co. plans to do something unprecedented in the U.S. car industry: It will run its assembly line here around the clock on a permanent basis. While common in other industries, not even car-efficiency benchmark Toyota Motor Corp. operates its plants routinely with more than two shifts. Car-assembly lines need too much scheduled maintenance and restocking for such intensive production to make sense, many industry experts say. The Kansas City plant launched the redesigned 2010 Buick Lacrosse, left, which is a candidate for the 2010 North American Car of the Year Award.…
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Chris Liddell Named GM Vice Chairman and CFO Former Microsoft CFO takes position at General Motors DETROIT – Chris Liddell has been appointed General Motors vice chairman and chief financial officer, it was announced today. Liddell was most recently CFO for Microsoft Corp., a post he held since May, 2005. "Chris brings a depth and experience to this job that were unmatched in our search for a new financial leader," said Ed Whitacre, GM chairman and CEO. "Chris will lead our financial and accounting operations on a global basis and will report directly to me. We're also looking to his experience and insights in corporate strategy as a member of the seni…
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GM make $1b payment to US Treasury today Ed Whitacre announced today that GM has made a $1b payment to the US treasury and $192m to Export Development Canada. Mr. Whitacre further stated that GM will be continuing payments through June 2010 when the loans are expected to be paid in full baring any further economic or business downturn.
Last reply by Drew Dowdell, -
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Mark Reuss, General Motors and Rear Wheel Drive Reading the topic about Mark Ruess I was going to make a response about the upcoming "un-named" wonder known just as the SS. Then I as I got typing my simple response that became a not so simple response but a big concern... If this car actually seeing the light of day. Not that the question put up by someone worrying about the "little issues" getting fixed isn't important it is. (Just not to me!) I am thinking big picture, so here is what I am thinking and actually fear will happen. If this new SS actually is produced, and sitting on dealer lots, I will be thankfully proven wrong! I just believe this car CAN'T happ…
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A less stuffy dress code is among GM's changes fortunately the jeans still keep the pcs fuzzy legs under wraps....it's still the workplace ya know
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By Bernie Woodall DETROIT (Reuters) - The last time General Motors had a plain-talking Texan on its board of directors who was critical of the way the automaker did business, GM sent Ross Perot packing. Perot of Dallas said he hopes that Ed Whitacre of San Antonio won't run into the institutional stonewalling the billionaire investor faced in the mid-1980s when, as a member of GM's board, he challenged then-CEO and chairman Roger B. Smith. "I disagreed with what they were doing," Perot told Reuters in a telephone interview on Wednesday. "Then suddenly, they just didn't want anybody around to point out what we needed to do. They decided to get rid of the nuisance." Whi…
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GM Announces Leadership Changes DETROIT – To improve accountability and responsibility for market performance in North America and around the world, several key leadership changes were announced today by GM Chairman and CEO, Ed Whitacre. "I want to give people more responsibility and authority deeper in the organization and then hold them accountable," Whitacre said. "We've realigned our leadership duties and responsibilities to help us meet our mission to design, build and sell the world's best vehicles." Mark Reuss is named president of GM North America. Reuss was briefly vice president of Engineering after leading GM's Holden operations in Australia…
Last reply by regfootball, -
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You probably know that Tiger Woods is a Buick guy. And why shouldn't he be a Buick guy as General Motors had him under contract to promote Buick for ten years for 70 million dollars. That's probably why Tiger loved every Buick made over the last decade in all of those Buick commercials. But when GM hit the skids early this year it dumped Woods a year early from the 10-year contract. So here's the strange part. The smoking gun recently published Tiger's police report from the accident ( http://www.thesmokinggun.com/archive/years/2009/1202092woods1.html ) and it turns out that the Black Cadillac Escalade belongs to General Motors. OK, it is actually titled to a promot…
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By THE ASSOCIATED PRESS (AP) Here are some top candidates for the next CEO of General Motors Co., according to auto industry experts and insiders. _ Carlos Ghosn, chief executive of Nissan Motor Co. _ Roger Penske, CEO of auto dealership chain Penske Automotive Group Inc. _ John Krafcik, CEO of Hyundai Motor America _ Joe Hinrichs, Ford Motor CO. group vice president and president of Asia Pacific and Africa _ Derrick Kuzak, Ford group vice president of global product development _ Jim Farley, Ford group vice president of global marketing and Canada, Mexico and South America _ Mark Fields, Ford executive vice president and president of the Americas. _ Mike Jackson…
Last reply by Drew Dowdell, -
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Henderson to step down Details are just now coming that General Motors CEO Fritz Henderson will step down from his post, and Ed Whitacre will act as interim CEO. Henderson took over the CEO spot when the federal government gave his predecessor, Rick Wagoner, walking papers. Fritz Henderson was undoubtedly part of the discussions involving the sale of the HUMMER brand, though it's unlikely that this will have an impact on an eventual sale. Late last week we found out GM's attempt to sell the SAAB brand had fallen through, similar to the Saturn deal fallout. Ed Whitacre taking over as interm CEO. Repaying American and Canadian tax payers as soo…
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DETROIT – Robert A. Lutz, GM vice chairman, marketing and communications, today named Michael D. Richards, 52, general manager of Buick GMC, effective immediately. Richards replaces Susan Docherty, who was appointed General Motors vice president, U.S. sales, in October. “Michael is an automotive industry veteran who brings extensive experience in both marketing and sales,” Lutz said. “We are confident he will build on the positive momentum Buick GMC has with the 2010 Buick LaCrosse and GMC Terrain, as well as the upcoming Buick Regal.” Richards brings a diverse automotive background to Buick GMC. He was most recently vice president of marketing and sales for the glob…
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David Shepardson / Detroit News Washington Bureau Washington -- Detroit's Big Three automakers came closer than America realized to becoming the Big Two. General Motors Corp. ended merger talks with Chrysler LLC in November 2008 to focus on getting emergency federal aid, but Chrysler continued to believe a tie-up with GM was its best chance for survival. In April, as both automakers were surviving on government aid and fighting bankruptcy, Obama administration officials spent two weeks working on a plan for GM to acquire Chrysler's best assets and keep the doors open on a third of its factories. Some members of President Barack Obama's auto task force saw it as a f…
Last reply by Justin Bimmer, -
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WARREN, MICHIGAN - Like everybody else working for General Motors, Mark Reuss, the vice president for global vehicle engineering is happy Opel is not going to be sold. Meanwhile, he's changing the GM plan from his predecessor, Jim Queen's, global product development strategy. Under Queen, each region, or "global engineering center," had permanent responsibility for a specific set of products. Russelsheim, Germany, Opel's headquarters, pretty much owned the Epsilon/Epsilon II front-drive midsize platform, for example, while small cars were done at GM-Daewoo in South Korea and large trucks, SUVs and the Corvette were developed in Michigan. "I'll never do that because each …
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GM Orphans Up for Adoption November 23, 2009 General Motors last week began sending out 1.8 million pieces of direct mail to what the GM logo - 119.JPG automaker calls its "free-agent customers" -- customers orphaned by the wind-down of Pontiac and Saturn and the proposed sell-off of Hummer and Saab. In this first of promised multiple mailings, GM is offering discounts of up to $2,000 on certain models to the nearly 1 million customers of closed GM dealerships, if they go to the next closest dealer by Jan. 4. The automaker also is giving customers of closed dealerships a vehicle inspection and tire rotation at remaining dealerships through May. "The challenge for us i…
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[source: Wall Street Journal] GM's Lutz to Oversee Opel To be Installed as Head of Opel GmbH Supervisory Board By JOHN STOLL And VANESSA FUHRMANS NOVEMBER 6, 2009, 12:44 P.M. ET General Motors Co.'s marketing chief, Robert A. Lutz, will be installed to head the Opel GmbH supervisory board as the auto maker looks to implement a new restructuring plan and find a new leader for the European after its board of directors decided earlier this week to retain control of it, according to two people familiar with the matter. Mr. Lutz's role isn't expected to be a direct management post as much as it is an oversight role. Th…
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http://ca.news.yahoo.com/s/afp/091106/busi..._gm_opel_reilly HA HA HA HA!!!!!! Judging by Fritz comments, CPF would've been fired anyway. So I guess this is his middle finger to GMNA. Funny, I seem to remember him being 'cast' as the next leader of GM at one time. Hmmmm.....
Last reply by Drew Dowdell, -
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Just a twitter rumor at the moment, I'll keep you updated!
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Oldest Customer of 2010 Camaro [source: General Motors] When most people retire they take up golfing, but 101 year old Virgil Coffman is living life in the fast lane. The active centenarian recently became the oldest known living owner of a new 2010 Camaro. Despite initial concern from the sales associate, Coffman knew exactly what he wanted when he purchased the 400 horsepower, bright yellow, Transformers edition Camaro. Impressed by the overall design, Virgil was ultimately sold on the cars' easy handling. After owning nearly 40 cars in his lifetime, he follows the philosophy that if you want something, get it. These days Virgil says he can'…
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Enjoy Link: http://www.autolinedetroit.tv/journal
Last reply by Oracle of Delphi, -
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[source: Detroit Free Press] GM Sees First Monthly Sales Increase in 21 Months By TIM HIGGINS Oct. 28, 2009 For the first time in 21 months, General Motors is on track to see its first monthly sales increase compared to the same time period a year ago, the company said today. While official results will be announced next week, all signs point to a good month, according to Mike DiGiovanni, GM's executive director of global market and industry analysis. "We're really having a good October," he said. DiGiovanni added that about 95% of the sales for the month are coming from the company's four core U.S. br…
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GM hits the brakes on Opel deal; no signing with Magna this week FRANKFURT (Reuters) -- General Motors Co. put on hold a deal to sell a 55 percent stake in carmaker Opel to a Russian-backed consortium led by Canadian auto parts group Magna International Inc., GM's chief negotiator on the deal said today. Subscribe to Automotive News No sale can proceed until the U.S. carmaker's board of directors discusses the Opel deal at a meeting on Nov. 3, chief negotiator John Smith said in a blog entry, pouring cold water on hopes that the sale contract could be signed this week. "Given the significance of the Opel transaction, GM's board will soon meet in its regularly …
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GM is going in this direction in a big way, that is a hint for you C&G. The days when corporate communications meant pushing out information to the public are numbered. As social media continues to permeate consumer culture, companies are trying to learn how to engage consumers in two-way conversations through blogs, Twitter, Facebook and other tools. “A customer is a precious thing. No matter how much you think you’re listening, you’re really not,” says J. Christopher Preuss, vice president of communications at General Motors. The company operates several blogs that allow people to comment on developments in the company. I spoke with Preuss about managing GM’s…
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The Regal Returns! Regal Named as Next Buick Sedan As part of Buick GMC's strategy to engage and listen to its dealers, more than 1,000 dealers this week will be the first to learn the name of Buick's next mid-size sport sedan will be the Buick Regal. The announcement was made at the Buick GMC dealer business meeting. "The transformation of Buick began with our luxury crossover, the Buick Enclave and continued this year with the launch of the 2010 LaCrosse premium sedan," said Susan Docherty, Buick GMC General Manager. "We're thrilled to announce that the Regal will be the next member of the Buick family." The Regal name has played a very important…
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OnStar Stolen Vehicle Slowdown Helps Recover Carjacked Vehicle, Prevents High-Speed Chase
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OnStar Stolen Vehicle Slowdown Helps Recover Carjacked Vehicle, Prevents High-Speed Chase Law Enforcement Officials Credit Service with Fast and Safe Recovery of 2009 Chevrolet Tahoe Detroit, Mich. – GM and OnStar announce the use of OnStar’s Stolen Vehicle Slowdown (SVS) service to help safely recover a 2009 Chevrolet Tahoe that was carjacked at gunpoint from a subscriber in Visalia, California. This is the first time that SVS has been activated to help a subscriber in a carjacking situation. At approximately 3:18 a.m. PDT on Sunday, Oct. 18, Lindsay, California resident Jose Ruiz and his cousin were carjacked by a lone assailant wielding a shotgun. The per…
Last reply by Drew Dowdell, -
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Dan Strumpf / Associated Press You fell in love with that $22,000 Chevy Malibu because of its color, style and price. After driving it home, you realize it's not what you wanted. Maybe it's the way it handles on the highway, the location of the cup holders or the shape of the seats. Don't worry. Bring it back for a refund, no questions asked, says GM's Chairman and new TV pitchman Edward Whitacre Jr. But is it really as easy as returning an ill-fitting shirt to Macy's? As with any deal, it's a good idea to read the fine print. As your love affair with the new car turns to hate, you'll need to drive very carefully and make sure to limit how many miles you put on …
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http://video.newsmax.com/?bcpid=2097246000...tid=43128580001 Bob Lutz: GM Is Roaring Back By: Dan Weil General Motors has taken the steps that will foster its recovery, says Bob Lutz, vice chairman of marketing and communications for the company. Lutz is a longtime car executive, having held leading positions at all three big U.S. automakers in a career dating back to the early 1960s. With the departure of former GM CEO Rick Wagoner, many have looked to Lutz to help new CEO Fritz Henderson rebuild and reorient the flagging U.S. auto giant. “In September (GM) sales were pretty much back to the previous numbers,” he told Dan Mangru of Moneynews.com. “For fast-…
Last reply by turbo200, -
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General Motors Outlines 90 Days of Progress Accelerates its Focus on Customers, Cars and Culture
by Drew Dowdell-
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General Motors Outlines 90 Days of Progress Accelerates its Focus on Customers, Cars and Culture · More competitive operating model and streamlined leadership structure in place · Especially strong performance of newly launched cars and trucks · Strengthens its four core brands - Chevrolet, GMC, Buick and Cadillac · New marketing campaign positively impacts consumer consideration DETROIT - General Motors today outlined progress it has made toward achieving commitments in its business plan, including implementing a leaner structure, building stronger brands, and driving a company culture that puts the customer at the c…
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GM - Saturn - Penske deal is DEAD! Today we learned that Penske Automotive Group (PAG) has decided to terminate discussions with General Motors to acquire Saturn. This is very disappointing news and comes after months of hard work by hundreds of dedicated employees and Saturn retailers who tried to make the new Saturn a reality. PAG's announcement explained that their decision was not based on interactions with GM or Saturn retailers; rather it was because of the inability to source new products beyond what it had asked GM to build on contract. As a result of PAG's decision, we will be winding down the Saturn brand and dealership network, in accordance with the wind-…
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I was waiting to see if this was going to get posted but I felt we needed to let Camino know so he can figure a way to order one. Autoblog is reporting that Automotive News story is claiming GM will show a Chevy Zeta Police car at the Chief of Police Convention in Colorado Monday. You can find the story here http://www.autoblog.com/2009/10/02/report-...nveiled-monday/ Looks like GM is just now getting around to getting Ideas and plans approved?
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GM Confirms the 2011 Chevrolet Camaro Z28 Is a Go Robert Dillman, September 28th, 2009 Story Link The fifth generation Camaro is currently flying off the showroom floors and perspective buyers have a few model choices when it comes to decision time. There are the LT and LS models with respectable V6 engines or the supped-up SS variant with a crowd-pleasing 6.2-liter V8. However, there is still one Camaro we have all been waiting for, and now GM is saying (again) that we will get it. During the Frankfurt Motor Show, representatives from General Motors confirmed suspicions of the Camaro Z28 being built and sold sometime in late 2011. Not very convenient co…
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Last reply by daves87rs, -
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DETROIT (Fortune) -- If you want to understand how the old General Motors stumbled for 30 years until it collapsed into bankruptcy, consider the story of GoFast. GoFast was a program started in 2000 by Rick Wagoner, then the company's president (and later CEO), to untangle bureaucracy. The idea was simple: When negotiations over an issue reached an impasse, all the interested parties would be put together in one room until they agreed on a decision. Human resources was assigned to spread GoFast through the company. It trained GoFast coaches, arranged thousands of GoFast workshops, staged GoFast feedback sessions, and distributed GoFast coffee mugs. At one point, GM c…
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GM Board Recommendation to Sell Majority Stake in Opel/Vauxhall to Magna International/Sberbank
by Drew Dowdell-
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GM Board Recommendation to Sell Majority Stake in Opel/Vauxhall to Magna International/Sberbank GM to sell 55% stake in New Opel to Magna/Sberbank Agreement on new ownership structure signals fresh start for New Opel Employees to hold 10% stake in New Opel Government supports financing through additional state guarantees Zurich. General Motors today announced that its Board of Directors supports a bid from the consortium of Magna International Inc. and Sberbank to buy a majority stake in its European Opel/Vauxhall operations. Several key issues will be finalized over the next few weeks to secure the binding agreements,…
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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.
Last reply by NINETY EIGHT REGENCY, -
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http://www.edmunds.com/insideline/do/Drive...;mktid=cj260233
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As I said on another blog, in my area I have seen 4 Ford ads in 2 days promoting their Taurus SHO sedan. What does GM have to offer against it? The Pontiac G8 is no more... and it was RWD. (Which I prefer) The new Buicks are out of the price range. The Malibu and Impalas are a joke. All the SS's are dead.... Chrysler still has the Charger, as a sedan. So I say again, what does the General offer as a performance SEDAN? Don't say the Camaro, because in your wettest dream, that is not a sedan. In order to stay in the market, you have to compete ---- apples to apples! An old latin saying, QUO VADIS, GM ????????
Last reply by Intrepidation, -
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Established GM Reputation for Safety Standards *brochure from 1974 Cadillac with Air Restraint System. GM was the first to offer airbags* With all the negative press that has circulated about General Motors before and during its bankruptcy proceedings, customers should be aware that although financially troubled, GM is a recognized leader in car safety advances. The company pioneered the development of the now ubiquitous concrete barriers on national highways and was the first carmaker to install rear turn signals as standard equipment. Some of GM's safety innovations are obvious, while others are more subtle. For instance, the company uses Event Data Recor…
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By TOM KRISHER (AP) – 1 hour ago DETROIT — Behind GM's hesitation to sell its unprofitable car business in Europe lies a Cold War fear: American technology will fall into Russian hands. It's among the main reasons why General Motors Co. has balked at finishing a deal to sell its Opel unit to a group led by Canadian auto parts maker Magna International Inc. and Russia's state-owned Sberbank. GM announced the tentative deal with Magna in May at a time when it was desperately trying to avoid bankruptcy protection. But now, after exiting Chapter 11 in better financial shape and encouraged by signs of better sales, the Detroit-based automaker is second-guessing the dea…
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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
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Dealers win one more day to file online for cash-for-clunker deals By TIM HIGGINS AND JUSTIN HYDE FREE PRESS BUSINESS WRITERS Citing an overloaded computer system, the Obama administration today extended the deadline for auto dealers to file transactions under the cash for clunkers program to noon Tuesday, while maintaining the 8 p.m. deadline tonight for deals to be arranged. "Despite a large increase in the system’s capacity, the website was down temporarily this afternoon," the U.S. Department of Transportation said today. "Because of the temporary shutdown, dealers have been given extra time to file the necessary paperwork." The National Automobile Dealers A…
Last reply by A Horse With No Name, -
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The board of US carmaker General Motors has postponed making a decision on who should buy its Opel division, which includes Vauxhall in the UK. The Detroit-based firm said directors had met on Friday to discuss the options but "no decision was taken". An assessment on whether to start exclusive talks to buy German-based Opel had been expected at the weekend. The race to control Opel is between the Canadian component manufacturer Magna and Belgian financial group RHJ. The BBC understands that a number of stumbling blocks have emerged to delay the final decision. The German government - which has openly preferred the bid from Magna and has offered it bridging fina…
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Employees that is. Via the Vally News LORDSTOWN — A second shift is being called back to work at the General Motors Lordstown Complex to meet consumer demand for the Lordstown-built Chevrolet Cobalt and to gear up for production of the new Chevy Cruze later in the year. General Motors said Tuesday it will recall 1,350 laid-off employees in the United States and Canada, including about 1,050 at its Lordstown Complex. The Lordstown second shift will begin work Oct. 5, John Donahoe, GM Lordstown manager, said during a news conference Tuesday afternoon. Notices to the 1,000 hourly employees being called back to the assembly and fabricating plants should start goi…
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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…
Last reply by daves87rs, -
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GM to boost output due to clunkers incentives By TOM KRISHER, AP Auto Writer Tom Krisher, Ap Auto Writer – 42 mins ago DETROIT – Higher sales from the government's Cash for Clunkers program have prompted General Motors Co. to boost production at several of its factories, according to company and union officials. The increases include an extra day of work at the Lordstown, Ohio, assembly plant and increased hours at a factory in Orion Township, Mich., said the union officials, who asked not to be identified because the announcement, expected Tuesday afternoon, had not been made. The Lordstown plant, which makes the Chevrolet Cobalt and Pontiac G5 small cars, is…
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LINK
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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…
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DETROIT -(Dow Jones)- General Motors Co. will mark its first serious foray into the U.S. premium compact-car segment early next decade when it launches a compact Buick, GM Vice Chairman Bob Lutz said Friday. The move will be a virtually untested venture for Detroit, where small cars have long been synonymous with entry-level, lower-budget offerings. It is a sign of things to come for the U.S. auto industry as stricter fuel-economy regulations take hold and force car makers to turn out smaller, more fuel- efficient cars. GM has sold compact Buicks in the past, but not with the features, upscale design and higher price point planned for Buick, Lutz said. He said GM aims…
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Let's put aside emotional attachments to historically illustrious brands for a second. Let's also put aside the complications of labor contracts, dealership commitments and various fiefdoms within the General's camp. Let's simply ask where we want to be in four years... I hope for a GM with no badge engineered products, half as many models and one third as many (US) brands tapping its engineering, design, financial, logistics and advertising resources makes pretty good sense. I also hope that this trimmer and focused GM will also be one which has regained technological and qualitative leadership over the rest of the world. But hope is not a strategy. So, this is what …
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Seems like the people from Penske may be coming to look at the plant. May want to build more kappas. Not tearing out any production equipment- everything is staying. Interesting...
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Automotive News July 30, 2009 - 10:25 am ET General Motors Co., in its final round of senior executive shake-ups following its July 10 exit from Chapter 11 bankruptcy, today named Mark Reuss as vice president of global vehicle engineering. Reuss, 45, will replace GM veterans Jim Queen, 60, group vice president, global engineering, and Ed Koerner, 59, GM North American vice president, engineering, who both elected to retire Oct. 1. "Our goal was to streamline our leadership team and put some of our best executives in positions where they can use their diverse perspectives and extensive global experience to create the new GM," GM CEO Fritz Henderson said in a stat…
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LINK
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Bloomberg Link
Last reply by A Horse With No Name, -
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You could get whiplash this week following the volleys of apparently conflicting statements GM CEO Fritz Henderson and Vice Chairman Bob Lutz made about the company's plan for the Pontiac G8 sport sedan. It's dead. It'll make a nice Chevy. We don't re-badge cars. It won't be a Chevrolet, only maybe it will. Were they arguing through the media? Did Lutz miss the memo about Fritz being CEO? Do these guys even talk to each other? No, no and yes. Here's what's up: Detroit Free Press
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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…
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DETROIT NEWS
Last reply by Cmicasa the Great, -
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July 15, 2009 “Maximum Bob” leading GM marketing? It’s not as crazy as it sounds... By Peter M. De Lorenzo (Posted 7/13, 1:30pm) Detroit. Last week I called the daunting task of turning around GM’s image the toughest challenge in marketing history. Not just automotive marketing history, but of all time. And then last Friday GM made the stunning announcement as it emerged from bankruptcy that not only was Bob Lutz foregoing his retirement plans scheduled for the end of this year, he was returning to an active role in the company as Vice Chairman charged with leading the company’s marketing, advertising and public relations functions, basically anything and everything…
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Automotive News July 13, 2009 - 12:01 am ET When Rick Wagoner was canned by the Obama administration earlier this year, many wondered how long his replacement, General Motors old-timer Fritz Henderson, would last. Listening to Steve Rattner, head of the administration's auto task force, last week, it would appear that Henderson has some job security. "We have been spending time with the GM team, and we're very pleased to see the energy that both CEO Fritz Henderson and incoming Chairman Ed Whitacre are devoting to ensuring GM's future success," Rattner told reporters. Rattner didn't waste other opportunities to tout the dutiful Henderson. Asked about Henderson…
Last reply by daves87rs,
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