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First IPO for a U.S. Automaker in 54 years Tesla shares rise after 1st U.S. carmaker IPO in 54 years
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First Production Camaro goes for $350,000 One of Barrett-Jackson's most anticipated auctions this year was the first retail production Chevrolet Camaro, which sold for $350,000 and all proceeds will go to the American Heart Association. This it people, the Camaro is just weeks from hitting the dealerships! Follow the jump to read get all of the details of the Camaro's auction. http://www.cheersandgears.com/index.php?sh...c=27782&hl=
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Flat Tire: Goodyear Workers Go on Strike Some 15,000 members of the United Steelworkers went on strike at 16 Goodyear Tire & Rubber Co. plants in the United States and Canada Thursday after the union rejected the company's latest contract proposal. The union terminated its contract at 1 p.m. ET Thursday, saying that it could not allow additional plant closures after it helped keep the company afloat through cost-saving measures three years ago. "The company left us with no option," Steelworkers union executive vice president Ron Hoover said in a prepared statement. "We cannot allow additional plant closures after the sacrifices we made three years ago to help th…
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Well, if you're a Big 3 fan and have a strong stomach, a full breakdown of the numbers. http://www.autoblog.com/photos/fleet-sales-first-half-2007/
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Very thorough site with breakdown percentages my manufacturer. Link On the very first link on the page, they show you fleet percentages for certain cars. Here are some surprising ones. Chrysler Sebring - 72.4% fleet! Dodge Stratus - 72.2% fleet Chevy Impala - 62% fleet Kia Amanti - 64.7% fleet Pontiac Grand Prix - 52.2% fleet Here's a breakdown by manufacturer of some of the largest fleeted cars. GM was easily the worst...the Impala and Malibu percentages are disappointing. They didn't have any Cobalt figures. Ford had high percentages on the obvious ones like the Crown Vic and Taurus, but they're doing a good job keeping the new cars out of fleets. …
Last reply by frogger, -
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I'm copying this straight from the thread in BON to save time, but it appears GM had the greatest fleet sale marketshare drop (7.66% points) and Toyota had the largest gain (2.06% points). Nissan increased and is almost poised to surpass Ford, which actually decreased its fleet share by 1.4%.
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http://www.thecarconnection.com/Auto_News/...192.A11746.html This geriatric senile individual poops through his thoughts not his hiney. See him get philosophical and more naive than ever. I hate this media banging. His gripe, GM's quote that most people drive 40 miles everyday to work and from that he built his ignoble thesis.
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It’s 17 years and they haven’t been able to get them right yet. And they don’t even care! from car connection more proof positive that really there needs to be some dead wood swept out of Detroit.
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Here's the link: http://www.automobilemag.com/reviews/driven/1508-2016-lincoln-mkx-review/ ...and here's a few quotes I thought were kinda interesting in light of the discussion we're having elsewhere about luxury: "The 2016 Lincoln MKX checks all the mid-size, two-row luxury crossover boxes and is better than the standard-bearer that launched this segment, the Lexus RX. But it’s a Lincoln, which means it will take a great deal of heavy-duty marketing to convince the average consumer that the Lincoln MKX is more than an extra trim level above the Ford Edge Titanium." "The 2016 Lincoln MKX rides on the new Edge’s architecture but has unique sheetmetal, or what Lincoln …
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Harry Stoffer Automotive News April 21, 2008 - 4:25 pm ET WASHINGTON -- The Bush administration apparently will try to spruce up its battered environmental image with an Earth Day announcement of higher fuel economy standards. Although there was no confirmation as of this afternoon, administration officials on Tuesday, April 22, are expected to reveal proposed fuel economy standards for cars and trucks in the 2011-15 model years. The Department of Transportation said Secretary Mary Peters will make an announcement on " protecting the environment." Federal law dictates that standards must rise to a combined 35 mpg by 2020, about 40 percent higher than today.…
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The Tehran Firebird and Camaro club, with a hat tip to Andrew Sullivan.
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Forbes List of 15 Auto's to Avoid Forbes have published their 2017 auto list to avoid. This is based on their reviews of Consumer reports rating and JD Powers ranking. Interesting you can click the link above to read all the details of what they state for each auto but the list shakes down as follows: BMW 7 Series Cadillac XTS Dodge Journey Fiat 500L Jeep Compass Jeep Patriot Jeep Wrangler Lincoln MKS Lincoln MKT Mitsubishi iMiEV Mitsubishi Mirage Nissan Armada Nissan Titan Scian iQ Smart ForTwo
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" The World’s Most Ethical Companies program honors companies that excel in three areas – promoting ethical business standards and practices internally, enabling managers and employees to make good choices, and shaping future industry standards by introducing tomorrow’s best practices today. Honorees have historically out-performed others financially, demonstrating the connection between good ethical practices and performance that’s valued in the marketplace. " http://worldsmostethicalcompanies.ethisphere.com/honorees/
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Ford Motor Co. says it is dropping its plan to build a $1.6-billion US plant in Mexico, a plan criticized by Donald Trump during last year's presidential primary campaign. Ford also announced it plans to invest about $700 million in a Michigan factory that will build high-tech autonomous and electric vehicles. The company said it will add 700 direct new jobs at its Flat Rock (Michigan) Assembly Plant, which will build a small sport utility vehicle with extended battery range, a fully autonomous vehicle for ride-hailing or ride-sharing, and the Ford Mustang and Lincoln Continental.\ Link
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Ford just recently ended their "Friends and Neighbors" program that was so highly by them for the last month. Click on the link for more information. http://www.wsj.com/articles/ford-drops-friends-neighbors-sales-promotion-that-falls-flat-with-customers-1448644961
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Ford has gained a big advantage in one of the most competitive segments in the auto industry. The company's F-150 SuperCab was the only one of nine pickup trucks tested by the Insurance Institute for Highway Safety to earn a "good" rating on an influential new crash test. The vehicle joins its SuperCrew sibling as the only large pickups to earn the organization's "Top Safety Pick" award when equipped with a collision warning system. "Ford is leading the way among large pickup manufacturers when it comes to protecting people in a range of crashes and offering technology to warn drivers of imminent frontal crashes," said Raul Arbelaez, vice president of the IIHS Veh…
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_ Ford Fusion Wins Motor Trend's 2010 Car of the Year Motor Trend has just announced its 2010 Car of the Year, and this year its the impressive Ford Fusion. We tip our hats to Ford. Discussion - Ford Fusion wins 2010 Car of the Year
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And boy does this thing seem spicy- C&D MT Carfection via Jalopnik I have to say, I never disliked this thing in the first place, but I'm really starting to come around to it. It seems Ford really did make a racecar for the road, and I give them major props for that. In that light, I don't think the fact that it's a turbo V6 rather than a V8, V10, or V12 counts as much as a demerit. If you want a focused track weapon, this thing seems to offer more than even the big names across the pond has available. Bravo, Ford.
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Well, after all the hub but from Trump, it appears that Ford is going to do what it wants to do. Any insight on this @William Maley or @Drew Dowdell? https://www.yahoo.com/news/ford-not-scrapping-plans-build-mexico-factories-company-021839351.html
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_ Ford Mustang sales top Chevrolet Camaro in May The muscle car wars are heating up. Ford's strong and efficient new engines helped the Mustang take back the sales lead in May, with 10,225 Mustangs being sold compared to 8,931 Camaros. Hit the jump for details. Ford Mustang sales top Chevrolet Camaro in May
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...to ensure employeees get Covid vaccine. https://fordauthority.com/2020/11/ford-orders-ultra-cold-freezers-to-ensure-employees-have-access-to-covid-19-vaccines/
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No, I'm not making this up. And no, the dateline for the article isn't April 1. For your daily dose of "what the EFF," just click on the link. We look forward to your feedback: http://www.automobilemag.com/features/news/ford-patents-system-for-turning-your-cars-wheel-into-a-unicycle/
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FORD POSTS FULL YEAR PROFIT FOR 2009 Our congratulations goes out to Ford being the first domestic automaker to get back in the black. Full year net income of $2.7 billion, or 86 cents per share, a $17.5 billion improvement from a year ago. Pre-tax operating profits of $454 million, a $7.3 billion improvement from a year ago++ Fourth quarter net income of $868 million, or 25 cents per share, a $6.8 billion improvement from a year ago. Pre-tax operating profits of $1.8 billion, a $5.5 billion improvement from a year ago++ Ford North America fourth quarter pre-tax operating profits of $707 million, a $2.6 billion improvement from a year ago++ Discussion: For…
Last reply by Drew Dowdell, -
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" Spurred by strong numbers in North America, Ford recorded a pre-tax profit of $10.8 billion for 2015. That number is up a full $3.5 billion from the previous year. Revenue ended up at $149.6 billion by the end of 2015, Ford also reported. The company posted a full-year net income of $7.4 billion, an increase of $6.1 billion from the previous year. This figure comes out to $1.84 per share, up $1.53 from a year ago. Pre-tax profit remained strongest in North America, where the automaker garnered $9.3 billion. In the U.S., Ford achieved its strongest sales numbers since 2005. The company also returned to profitability in Europe after several difficult years. In thi…
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Ford Reports $2.6 Billion 2011 First Quarter Net Income Ford Reports $2.6 Billion 2011 First Quarter Net Income
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G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com Motor Trend reports details of Fords new GT350R Rims. GT350R Carbon Fiber Wheels Interesting that only a few months ago in a differnt thread we were talking about tires and rims and I mentioned that Carbon Fiber rims would be the future and here Ford is making it happen with real rims. Only 18lbs compared to 33pounds per rim for a 40% reduced weight and able to survive curb strike tests as well as Corrosive salts, road chemicals and UV. So is the future to go to Carbon Fiber for more auto's? Can you fix a cracked or chipped Carbon Fiber rim like aluminum and steel or is it…
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Despite the fact that Ford has yet to request any special funding from either the federal governments in the United States or abroad, the automaker has repeatedly said that it supports its competitors as they seek financial aid. According to Ford of Europe CEO John Fleming, "We have no objections to competitors asking governments for support in these very difficult times." While some might think that Ford would stand to benefit if its largest competitor went the way of the Dodo, in reality, it's much more complicated than that. Says Fleming, "I would rather take sales from competitors by having better products rather than them going out of business." Plus, there's the s…
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" Dearborn — Ford Motor Co. will invest $1.2 billion in three Michigan facilities to prepare for production of the all-new Ford Ranger and Bronco, and to support the company’s expansion into mobility. The company said Tuesday it will invest $850 million to retool its Michigan Assembly Plant in Wayne for truck and SUV production; $150 million in its Romeo Engine Plant to expand capacity for several vehicles; and $200 million to build a data center at the company’s Flat Rock Assembly Plant. Ford announced in January the Flat Rock facility also would see a $700 million investment and 700 new jobs to support the production of electrified and autonomous vehicles. The…
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https://www.detroitnews.com/story/business/2018/06/11/train-station-announcement-detroit-corktown-ford-moroun/689879002/ “ It's an ambitious plan with no recent precedent. The building has sat empty for 30 years and is derelict. And the automotive technologies that Ford intends to test and develop has yet to find a market with consumers around the world. Details are sparse. Executive Chairman Bill Ford Jr. and Ford leadership will talk about their plans for the blighted building June 19. Part of that event, billed as a celebration, will be open to the public.” huge for them to take take on an old facility like this this could become one …
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_ Ford Unveils 2011 Explorer After months of teasing Ford has finally pulled the wraps off the striking new Explorer. It features a sleek, yet bold new body and a vastly improved high tech interior. Hit the jump for more details and photos.
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_ Ford Unveils MyTouch Ford has unveiled an impressive new driver technology system called, MyTouch, which aims to appeal to technophiles the way the iPhone has. Ford Unveils MyTouch
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DETROIT – Unionized workers at Ford Motor Co. have approved contract changes that include freezing wages and cutting benefits in a move aimed at helping the automaker remain competitive. The United Auto Workers said Monday a majority of hourly workers voted in favor of modifications to the 2007 contract with Ford, eliminating cost-of-living increases and cash bonuses. The agreement is expected to be a model for Chrysler LLC and General Motors Corp., which need to bring their labor costs in line with those of foreign auto companies' plants in the U.S. as a condition for the $17.4 billion they have received in federal loans so far. Under terms of their loan agreements, pr…
Last reply by ShadowDog, -
2019, Volkswagen CEO Dr. Herbert Diess and Ford President and CEO Jim Hackett form a partnership that covers the following: Volkswagen to join Ford in investing in Argo AI, the autonomous vehicle platform company, at a valuation of more than $7 billion. Tie-up allows both automakers to independently integrate Argo AI’s self-driving system into their own vehicles, delivering significant global scale Ford will use Volkswagen’s electric vehicle architecture and Modular Electric Toolkit (MEB) to design and build at least one high-volume fully electric vehicle in Europe for European customers starting in 2023, more efficiently advancing its promise to del…
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Ford, Chrysler set to post big sales decline Honda the only automaker expected to report year-over-year improvement By Shawn Langlois, MarketWatch Last Update: 2:01 PM ET Sep 28, 2007 SAN FRANCISCO (MarketWatch) -- Ford Motor Co. and Chrysler are expected to post double-digit declines in September U.S. sales next week, but the overall industry is starting to stabilize after the sluggish economic climate made for a brutal summer in the showrooms. August marked the beginnings of a recovery, when a surprising 6.1% jump in General Motors Corp. sales pushed the overall rate well above Wall Street targets. But analysts blame lofty gasoline prices and the persistent…
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Romania received three non-binding offers in the sale of a majority stake in carmaker Daewoo Automobile Craiova, the privatisation commission said on Thursday. The new European Union member's centrist government had previously said it hopes to wrap up the sale of 72.4 percent in Daewoo by the summer, after it bought back the majority stake in the company from its bankrupt owner late in 2006. Link: http://www.reuters.com/article/tnBasicIndu...269681920070426
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My question is why is the US government giving tax money to Japan's Nissan Motor Co? The government of Japan would never give GM, Ford or Chrysler this kind of support, and the Japanese government would laugh in their face if they had asked for it. DETROIT (Reuters) -- Ford Motor Co will receive nearly $5.9 billion in U.S. government loans to spur development of more fuel-efficient vehicles, the Obama administration said today. Japan's Nissan Motor Co. will receive $1.6 billion, and startup green car maker Tesla Motors Inc. will receive $465 million in advanced technology financing from the Energy Department program. "By supporting key technologies and sound busin…
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http://www.canadiandriver.com/thenews/2008...-jobs-first.htm this is what needs to get out to the general public Washington, D.C. - The U.S. non-profit research centre Good Jobs First said that foreign-owned auto assembly plants in that country have received a total of US$3.6 billion in state and local subsidies, mostly from southern states. “As elected officials debate aid for the Big Three, taxpayers have the right to know the full extent of government involvement in America’s auto industry,” said Greg LeRoy, executive director of Good Jobs First. “And while proposed federal aid to the Big Three would take the form of a loan, the vast majority of subsidies to fore…
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[source: MotorAuthority] Foreign Car Dealers' Association Angry with Obama's 'Buy American' Message Toyota, Nissan and Honda all build cars in the U.S. General Motors, Chrysler and Ford all build cars in Mexico and Canada in addition to within the U.S. It's hard to know which car is built where as a consumer, and the American International Automobile Dealer's Association (AIADA) is upset over President Barack Obama's 'buy American' message in during the Chrysler bankruptcy announcement yesterday. The organization, which represents the 11,000 foreign nameplate car dealerships in the U.S., thinks the 'American' distinction is irrelevant. "In…
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MOSCOW, Oct 8 (Reuters) - Sales of foreign car brands in Russia rose by 50 percent in September to 132,076 units, figures compiled by the Association of European Businesses in the Russian Federation (AEB) showed on Monday. The figures, provided by the AEB Automobile Manufacturers Committee, include production of foreign branded vehicles in Russia. The data showed that foreign car sales in the first nine months of 2007 amounted to 1,137,238 units, an increase of 63 percent from the same period of 2006. Following are sales for the top-10 foreign car brands in Russia in September and the first nine months of the year: BRAND 9M 07 9M 06 pct Sept…
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This article has some interesting info on fleet sales: http://www.nyse.com/interface/jsp/NHDetail...isdowjones=true There is a lot in the article, but I found this rather interesting:
Last reply by regfootball, -
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One could do a basic internet search and come up with plenty of stories on the top 8, Top 10 or Top 12 solid state battery companies in 2023. Here at Cheers and Gears we have done 9 such stories covering College Research turned into Battery Startup's that all have their own take on the ultimate Forever battery of Solid State design. What is a solid-state battery and why is it considered a Forever battery? To understand this discussion, we have to start with understanding the difference between a Conventional and solid-state battery. Traditional EV batteries, pretty much any battery today as it has been used for the last century is made up of a cathode…
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Former AT&T CEO to Become New GM Chairman Edward Whitacre Jr., 67, eventually will replace Kent Kresa, who will remain GM's interim chairman until the reorganized automaker emerges as a new company that's majority-owned by the U.S. government. Story Link
Last reply by Justin Bimmer, -
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Electrify America buying Tesla Storage for 800V charging systems. This will go into 100 installations this year to support the 800V rapid charging systems. https://www.foxnews.com/auto/volkswagen-backed-electrify-america-buying-tesla-tech-for-charging-stations Seems to get ready for the new Porsche Taycan EV, Electrify America has chosen Tesla power storage systems to help keep costs low by stockpiling off-peak electricity allowing to keep recharge rates low. The 100 re-charging stations with Tesla storage will go into key Porsche markets where the 800V system will charge 60 miles of range in 4 min. This will allow Porsche a key competitor to Tesla P…
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Nov 28 (Reuters) - France wants to gradually phase out the use of diesel fuel for private passenger transport and will put in place a system to identify the most polluting vehicles, Prime Minister Manuel Valls said on Friday. Next year, the government will launch a car identification system that will rank vehicles by the amount of pollution they emit, Valls said in a speech. This will make it possible for local authorities to limit city access for the dirtiest cars. "In France, we have long favoured the diesel engine. This was a mistake, and we will progressively undo that, intelligently and pragmatically," Valls said. About 80 percent of French motorists drive die…
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Fritz is back! General Motors re-hires Henderson for a $59,000 a month consultant gig. General Motors re-hires Henderson for a $59,000 a month consultant gig.
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Fuel Economy Has Returned As a Marketing Tool
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As consumers brace for another round of gasoline-price increases after Hurricane Rita, car makers are rediscovering fuel economy as a marketing tool. Last week, General Motors Corp. previewed a line of large SUVs due out next year and emphasized improvements in gas mileage as much as their vast interior space and sleek new designs. GM has also focused on fuel economy in its "Only GM" ad campaign, which since February has been running in newspapers, on network TV and other media. In the ads, GM touts the "20 that get 30," meaning 20 of its models get at least 30 miles per gallon, including the Chevy Cobalt and the Pontiac G6. "We wanted peopl…
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http://news.yahoo.com/s/ap/20061017/ap_on_bi_ge/fuel_economy "Next year's list will likely show a decline in gas-mileage numbers. The EPA is revising the way it estimates how far a vehicle will travel on a gallon of gas to take into account high-speed driving, use of air conditioning and rapid acceleration. Under the proposed testing changes, fuel economy stickers would show most 2008 models getting 10 percent to 20 percent less gas mileage in city driving and 5 percent to 15 percent less in highway use. Hybrid buyers will find a greater sticker shock. Hybrid ratings for city driving are expected to drop an average of 20 percent to 30 percent."
Last reply by pow, -
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The U.S. government in 1975 created CAFE and since that time the push was to make new auto's more fuel efficient. The auto industry has always balked at it but has also always delivered. With that we have seen some interesting trends happen. In 1987 the average auto weighed 3,221 lbs and had 118 horsepower were as in 2008 the weight had increased by 25% and the horsepower had doubled. 2009 is the most current year for full records and that shows that new auto's achieved 22.4 MPG. With a strong economy we are also seeing people leave their efficient cars and move to trucks / suv's so this could really change again. To quote the story of other interesting facts: …
Last reply by G. David Felt, -
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. Full Coverage: Toyota Recall Related Threads: Toyota claims to have a fix designed for recalled cars. Poll: Is this the tipping point for Toyta's reputation? Toyota to take pedal recall global General Motors offering incentives to Toyota customers Lawmaker concerned about Toyota Recall Toyota knew of sticky-throttle problem late last year Toyota's President Worried About Company Reputation on Quality U.S.: Toyota was legally required to stop selling models Toyota issues new voluntary recall for sticking accelerator pedals, 2.3 million vehicles affected Report: Toyota continuing to sell recalled vehicles without a fix Can Toyota avoid the Olds…
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Full Review: 2011 Buick Regal CXL From the Interactive Review of the 2011 Buick Regal CXL here's the full writeup of our opinions on this newest of Buicks. Follow the jump for the whole review. Full Review: 2011 Buick Regal CXL
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Reviewed: 2011 Cadillac SRX 3.0 and 2.8 Turbo Read our Full review of the 2011 Cadillac SRX 3.0 and 2.8 Turbo
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Full Review: 2011 GMC Acadia Denali We review the 2011 GMC Acadia Denali. Is it worthy of the Denali name? Does it compete with the Buick Enclave in the same showroom? Follow the jump to find out. Full Review: 2011 GMC Acadia Denali AWD
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. Future Buick Compact Spied LA Auto Show The new compact Buick will likely be based on the Opel Astra and the Chinese Buick Excelle Discussion Future Buick Compact Spied at LA Auto Show
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The next major development in the hybrid space is expected in 2010, when GM’s Chevy Volt, a plug-in hybrid electric vehicle, is expected to go into production. The vehicle can charge off a common household outlet. By Roland Jones Associate editor MSNBC Time was when hybrid gas-electric vehicles appealed only to the greenest car consumers more concerned about saving the environment than saving on gasoline bills. Gas prices hitting $4 a gallon have changed all that. Now there’s an out-and-out stampede to buy hybrid vehicles, as drivers downscale from large SUVs to smaller, more fuel-efficient cars. Popular models like the Honda Civic Hybrid are in short supply, an…
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https://www.dailysabah.com/automotive/2017/04/20/general-motors-auto-plant-in-venezuela-seized-by-government-gm-decries-illegality
Last reply by A Horse With No Name, -
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G8 ST Winner Gets Torrent GXP Instead Joseph Warren, the winner of the naming contest, was originally going to get a new G8 ST as his prize for choosing the right name for the Sport Truck. Unfortuneately for him, GM decided to kill the ST, so this left him with a problem. GM told him he could choose any other Pontiac so long as the price was equal or less. What did he choose? a Torrent GXP. Yeah, I don't get it either. Follow the jump to see the full article. http://www.cheersandgears.com/index.php?showtopic=27758
Last reply by Intrepidation, -
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http://www.thecarconnection.com/Auto_News/...175.A10334.html So, we can blame the damn Chinese for helping to jack up prices. On top of that our useless goverment isn't doinga thing to keep the prices in check, and Bush is just making excuses that what he is doing is better than what needs to be done. If nothing else, I'm glad I own a fuel efficient Shadow
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Link Situation 1. US refiners set to dramatically increase fuel production over next few weeks 2. At least 6 oil refineries restarting major processing units, 3% of US capacity 3. Should cause gasoline prices to drop as supply increases 4. Crude demand will increase now that refineries coming back on line 5. But July 4th peak driving season increases demand 6. Crude already up $1/bbl on anticipation of stronger demand Significant Points 1. Stretch of refinery maintenance, unplanned outages plagued industry since winter 2. Resulting in gasoline stockpile crunch in middle of summer driving season 3. Raw crude inventories climbed to highest level since 1998 4…
Last reply by A Horse With No Name, -
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The advanced fuel cell could eliminate range anxiety and make electric cars more practical, while keeping carbon-dioxide emissions low. If you want to take an electric car on a long drive, you need a gas-powered generator, like the one in the Chevrolet Volt, to extend its range. The problem is that when it's running on the generator, it's no more efficient than a conventional car. In fact, it's even less efficient, because it has a heavy battery pack to lug around. Now researchers at the University of Maryland have made a fuel cell that could provide a far more efficient alternative to a gasoline generator. Like all fuel cells, it generates electricity through a chemica…
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General Motors Europe 3Q Sales Up 14.6% October 08, 2007: 04:16 AM EST Edited Press Release ZURICH -(Dow Jones)- General Motors Corp's (GM) General Motors Europe third quarter sales rose 14.6%, the company said Monday. The resulting market share of 9.5% constitutes a growth of 0.3 points. It is the highest market share for the group since 1999. In September, GM Europe sold a record 205,497 cars and LCVs, a plus of 20,950 vehicles or 11.4%. Opel/Vauxhall Astra brand was Europe's best-selling car in September with 49, 268 cars registered, the company said Monday. Together with the new Corsa, that sold 347,800 cars this year, an increase of 52%, and segment-le…
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REPORT: General Motors in "intense" bankruptcy preparations Unnamed sources are reporting that GM "is in 'intense' and 'earnest' preparations for a possible bankruptcy filing." Follow the jump for more details. http://www.cheersandgears.com/index.php?showtopic=29912
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. General Motors Names Ed Whitacre CEO GM Press Conference Coverage from January 25th, 2010
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GM August Sales Total 246,479 Equalling Highest Total and Retail Sales in 2009 "Cash for Clunkers" Vehicles Up 42 Percent Retail Compared with Last Year August month-over-month retail sales increase led by GM's four core brands: Chevrolet, GMC, Buick and Cadillac, which were up 21 percent collectively. General Motor's Full August Sales Report. Monthly Sales Leader board for August (click on numbers to go to story) General Motors Company - 246,479 Toyota Motors Corporation - 225,088 Ford Motor Company - 176,323 American Honda - 161,439 Nissan Motors - 105,312 Hyundai Kia Automotive Group - 100,665 Chrysler Group LLC - 93,222 BMW North Ame…
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General Motors and Tengzhong Sign Definitive Agreement For Sale of HUMMER DETROIT and SICHUAN, Oct. 9, 2009 - General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong), today announced that the companies have entered into a definitive agreement that will allow Tengzhong to acquire GM's premium all-terrain HUMMER brand. Under the terms of the definitive agreement, the buyer will acquire the ownership of the HUMMER brand, trademark and tradenames, as well as specific IP license rights necessary for the manufacture of HUMMER vehicles. The buyer will also assume the existing dealer agreements relating to HUMMER's dealership network. …
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General Motors still on track for 2010 IPO The Treasury Department says that GM is on track for an Initial Public Offering in 2010, which means the government can start selling off its approximately 60% ownership in GM. Chrysler, on the other hand, is too far away from an IPO to even predict a date. General Motors still on track for 2010 IPO
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http://www.motortrend.com/roadtests/coupes/1004_2011_mustang_v6_vs_2010_genesis_coupe_3_8_vs_2010_camaro_rs_vs_2010_challenger_se/index.html mods please move this topic if need be..... i find it hard to believe anyone would want a Scoupe coupe XL over the Camaro or Mustang, but to each their own.
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"Electric vehicles have long been hailed as a cleaner alternative to gas- and diesel-powered vehicles, but a group of German scientists claim EVs are actually worse for the environment than their fossil fuel-burning counterparts. In their study, titled, "Electric Vehicles are not a Panacea for Climate Change,” German scientists Christoph Buchal, Hans-Dieter Karl and Hans-Werner Sinn claim that electric vehicles are responsible for 11-28 percent more CO2 emissions than their diesel-powered counterparts. The scientists' findings are based on the entire EV production process, as well as Germany's current energy mix." LeftLaneNews
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US: Ghosn lays groundwork for today's GM talks 14 July 2006| Source: just-auto.com editorial team As the CEOs of General Motors and Renault -Nissan gear up for their much anticipated meeting today (14/7), speculation surrounding the structure of any possible alliance between the motoring giants continues to mount. The meeting between Rick Wagoner and Carlos Ghosn comes a week after the board of GM agreed to engage in exploratory discussions with Renault and Nissan regarding GM's potential participation in an alliance among the three companies. Neither side has so far commented on the schedule for today’s meeting. However, Ghosn appeared to use the media yesterday to d…
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Will Detroit build new aqua-car? Entrepreneur wants to sell amphibious vehicles by '09 Link to Original Article @ DetNews BIRMINGHAM -- Alan Gibbs' enthusiasm is contagious as he talks about his Aquada, an amphibious vehicle that's a sports car on land and a speed boat at sea. Gibbs, founder and chairman of Gibbs Technologies, showed off what he described as production-ready versions of the Aquada and Quadski, a personal watercraft that doubles as an all-terrain vehicle, at a news conference in Birmingham Wednesday. After some early setbacks, the wealthy business mogul from New Zealand aims to begin selling the amphibious vehicles in the United States by 2009. He is …
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http://www.autonews.com/apps/pbcs.dll/arti...ct=newsletter07
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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-d…
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GM closed at $9.98 per share Ford closed at $4.36 per share Just for reference Toyota closed today at $91.40
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GM Adds a Third Shift at Three Assembly Plants in U.S. General Motors announces that it will bring back over 2,400 jobs to the Fairfax, Ft. Wayne, and Lansing Delta assembly pants. Today's actions, noted below, are the result of consolidating product built at manufacturing facilities that are, as previously announced, retooling for a new product, closing or being placed on standby capacity: Fairfax, which builds the recently launched all-new Buick LaCrosse the popular Chevrolet Malibu and Saturn Aura, will become the exclusive builder of the Malibu when the Orion, Mich. assembly plant ends production in November. In 2010, the Orion plant will begin retooling and ma…
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Car Sales Fall 4.3%; GM Alone Posts Rise By JOSÉE VALCOURT and MIKE SPECTOR February 2, 2008; Page A2 DETROIT -- U.S. auto sales fell 4.3% in January and slumped to their slowest level in years, adding to fears the economy is slipping into a recession. Two of the Big Three Detroit auto makers, Ford Motor Co. and Chrysler LLC, saw declines, as did their Japanese competitors Toyota Motor Corp., Honda Motor Co., and Nissan Motor Co. General Motors Corp.'s sales were up 2.6% over a weak January a year earlier, but its figure was still poor by historical standards. CAR COMPARE • Powerful Hot Wheels: Corvette ZR1, and other new sporty cars unveiled at the Detro…
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http://sify.com/news/gm-fund-donating-100k-to-haiti-relief-effort-news-environment-and-nature-kbofO3hhefc.html
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GM and Penske Agree on Saturn Purchase Penske says he is still interested in selling GM made vehicles including the Aura, Vue and Outlook. Story Link
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GM Announces 1,100 Dealer Closures Bloomberg is reporting that GM will close 1,100 dealers by the end of 2010, in addition to the Hummer and Saturn closures already announced. Follow the link for more information. Link to Story
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. GM Announces New Program to Design and Manufacture Electric Motors GM becomes first major U.S. automaker to manufacture electric motors GM starts program to design and manufacture electric motors
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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 Read More: General Motors Announced Third Quarter 2010 Results
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GM Board Decides to Retain Opel More information to follow, but GM is confirming.
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GM Board Recommendation to Sell Majority Stake in Opel/Vauxhall to Magna International/Sberbank
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GM Board Recommendation to Sell Majority Stake in Opel/Vauxhall to Magna International/Sberban 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 More: GM Board Recommendation to Sell Majority Stake in Opel/Vauxhall
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GM Bondholders Shun Offer, Setting Stage for Bankruptcy CNBC is reporting that GM's bondholders will force the automaker to restructure in court. Follow the link for more information. Link to Story
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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 GM builds first lithium-ion battery for Chevrolet Volt
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G. David Felt Alternative Fuels & Propulsion writer www.CheersandGears.com GM Cadillac Dealer Experience PRAISED by Warren Buffett FastLane.GM.Com Story Proving the old adage, you cannot judge a book by its cover, this story proves again that World Class Customer Service begins by treating every person no matter what they look like or who you think they are the same. On just another normal sales day, sales person Madison Willers greeted a potential Cadillac customer and gave what we all have come to expect from our car buying experience, World Class Service. Little did she know that this sale started back in Mid-May with a conversation between CEO…
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GM CEO Fritz Henderson said to resign Discussion: GM CEO Fritz Henderson resigning
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GM CEO Wagoner to Step Down DETROIT — The chairman and chief executive of General Motors, Rick Wagoner is resigning, just as President Obama prepares to unveil his rescue plans on Monday forG.M. and the ailing American auto industry, a person close to the decision said Sunday. Then unexpected move by Mr. Wagoner, who has been at the helm of G.M. for eight years, was not confirmed by the company. But a statement about Mr. Wagoner’s future will be issued after the president’s address. (via New York Times) Our take here.
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_ GM Completes Sale of Saab to Spyker General Motors Co. today completed the sale of its Swedish Saab brand to Dutch luxury sports car maker Spyker Cars NV, marking the first successful sale of one of its four unwanted U.S. brands. The transaction combines Saab Automobile and its 3,400 employees with Spyker Cars and its 110-plus workers under parent company Spyker Cars NV. Continue reading after the jump. GM completes sale of Saab to Spyker
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GM confirms 2010 Buick LaCrosse will be available with 2.4-liter Ecotech I4 With six-speed transmission, estimates of 20 city/ 30 highway for the 182 horsepower engine. Story Link
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GM confirms 9-3X, Next 9-5 for 2009 GM has confirmed that the Saab 9-3X and redesigned 9-5 are still set to debut for 2009. Follow the jump for full details and press release. http://www.cheersandgears.com/index.php?showtopic=27830
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GM Confirms It Will Sell Saturn Rather Than Phase It Out GM confirmed that it plans to sell Saturn rather than phase the brand out. Follow the Jump for details. http://68.169.44.191/index.php?showtopic=31842&hl=
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. Bob Lutz to Retire May 1 78 year old Lutz caps off a 47 year career in the automotive industry GM confirms Lutz to retire effective May 1, 2010.
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GM cutting executive pensions, ex-CEO Wagoner to get pinched the most Wagoner could lose around 15 million of his 22 million pension plan. story link
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According to Rueters that GM today in China anounced a dedicated 10 models for China market added to the 10 they are already working on bringing to 20 models of EV auto's they are working on. https://www.reuters.com/article/us-autoshow-detroit-gm-china/big-portion-of-future-gm-electric-vehicles-for-china-market-executive-idUSKBN1F702M GM has stated that the plan is 1 million EV auto's a year by 2026. China is the heart of GMs EV spearheaded efforts. In China, GM sold 4 million auto's in China or 40% of GM's global tally. 11,000 of them in China were pure EV. GM expects that Plug-in Hybrids and EVs will make up 20% of the Industry projected 35 million annua…
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New GM Launches Today Company Emerges from Bankruptcy Full Coverage in our Forums
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_ GM Engineering Chief Reuss Hopes for Rear Wheel Drive Chevrolets and Buicks Although this is the Middle Eastern version of the Chevrolet SS, it is based on the same Zeta platform Holden uses in Australia, which just happens to be where GM's new Engineering Chief Mark Reuss came from. Read up on the latest changes he hopes to make by following the link below. GM Engineering Chief Reuss Hopes for RWD Chevys, Buicks
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GM Extends the 60-Day Money Back Guarantee via New York Times General Motors is extending its "May the Best Car Win" campaign, a refund program aimed at luring customers into showrooms, reports The Associated Press. "May the Best Car Win," launched in early September, allows customers to return their G.M. vehicles for a full refund, including sales tax, between day 31 and day 60 of ownership. The program is limited vehicles in G.M.'s remaining brands: Cadillac, Chevrolet, Buick and GMC. It was originally slated to end Nov. 4 but now has been extended to Jan. 4, 2010. As of last week, only 15 people had returned their vehicles, Tom Henderson, a G.M. spokesman, tol…
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GM Eyed U.S. From Inception of ‘Whisper Diesel’ 1 2
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http://wardsauto.com/vehicles-technology/gm-eyed-us-inception-whisper-diesel DETROIT – When the second-generation Chevrolet Cruze turbodiesel comes to market in the U.S. in 2017, the engine nicknamed “whisper diesel” will have at least one distinct advantage over its predecessor: American input. “Our requirements here (in the U.S.) pushed it a lot,” says Mike Siegrist, assistant chief engineer, Chevy Cruze turbodiesel. “The fact that we are going to market this engine here in a Chevy Cruze helped to make it as quiet as it is.” General Motors’ all-new 1.6L turbodiesel earned plaudits from the European motoring press shortly after it began rolling out last year in Ope…
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. GM falls out of Fortune 500's top ten for first time in over a century GM moves to 15th due to bailout and bankruptcy in 2009.
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GM Files for Bankruptcy The day that seemed unthinkable as little as 6 months ago has arrived, as GM files for Chapter 11. Follow the jump or details. http://www.cheersandgears.com/index.php?sh...c=33732&hl=
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Some GM Fuel Cell Goals (slides)
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