Jump to content
  • Greetings Guest!

    CheersandGears.com was founded in 2001 and is one of the oldest continuously operating automotive forums out there.  Come see why we have users who visit nearly every day for the past 16+ years. Signup is fast and free, or you can opt for a premium subscription to view the site ad-free.

William Maley

SAAB News: Not This Again: Spyker Sues GM Over Saab Sale

Recommended Posts


William Maley

Staff Writer - CheersandGears.com

August 6, 2012

Former Saab owner Spyker has filled a $3 billion lawsuit against General Motors for its actions of blocking the sale of Saab to Chinese automotive firm, Youngman Automotive.

"This lawsuit seeks redress for the unlawful actions GM took to avoid competition with Saab Automobile in the Chinese market," Spyker said in a statement.

"GM's actions had the direct and intended objective of driving Saab Automobile into bankruptcy, a result of GM's tortiously interfering with a transaction between Saab Automobile, Spyker and Chinese investor Youngman that would have permitted Saab Automobile to restructure and remain a solvent, going concern."

"It is hard to believe. We have no comment until we see the lawsuit," GM Spokesman James Cain told Reuters.

GM might not have seen the lawsuit, but we have. The suit filled in U.S. District Court for the eastern district of Michigan alleges that GM prevented the reorganization of Saab even after agreements were put in place that no GM technology went to Saab's Chinese partners. Saab's Phoenix platform, which was developed separately from GM, was going to be sold to China. The lawsuit further alleges that GM even torpedoed an 11th hour agreement that would have prevented any near term participation of Youngman until after Saab's use of GM technology had passed.

Source: Reuters

Spyker's Statement and Filing is on Page 2

William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.


SPYKER FILES A THREE BILLION DOLLAR LAWSUIT AGAINST GENERAL MOTORS

Zeewolde, the Netherlands, 6 August 2012 -- Spyker N.V. ("Spyker") announced that it has filed a complaint against General Motors Company ("GM") in the United States District Court of the Eastern District of Michigan today at 08.00 AM EST. Spyker filed the complaint in its own right and on behalf of its 100 percent subsidiary Saab Automobile A.B., which was declared bankrupt on December 19, 2011.

This lawsuit seeks redress for the unlawful actions GM took to avoid competition with Saab Automobile in the Chinese market. GM's actions had the direct and intended objective of driving Saab Automobile into bankruptcy, a result of GM's tortiously interfering with a transaction between Saab Automobile, Spyker and Chinese investor Youngman that would have permitted Saab Automobile to restructure and remain a solvent, going concern. The monetary value of the claim amounts to US$ 3 billion (three billion US dollars).

Since Saab Automobile is in receivership and hence incapable to contribute to the costs of litigation, Spyker and Saab Automobile have entered into an agreement pursuant to which Spyker will bear the costs of such litigation in exchange for a very substantial share of Saab Automobile's award when the proceedings are successful. Spyker has secured the financial backing required to see the lawsuit through to the end from a third party investor.

Victor R. Muller, Spyker's Chief Executive Officer said: "Ever since we were forced to file for Saab Automobile's bankruptcy in December of last year, we have worked relentlessly on the preparation for this lawsuit which seeks to compensate Spyker and Saab for the massive damages we have incurred as a result of GM's unlawful actions.

We owe it to our stakeholders and ourselves that justice is done and we will pursue this lawsuit with the same tenacity and perseverance that we had when we tirelessly worked to save Saab Automobile, until GM destroyed those efforts and deliberately drove Saab Automobile into bankruptcy."

The Complaint, as filed this morning at 08.00 EST, is attached to this Press Release.


View full article

Share this post


Link to post
Share on other sites

Spyker! Spyker! Spyker! Spyker!

Looks like I picked the wrong week to file bankruptcy.

Edited by Oldsmoboi
Can't hotlink to that picture apparently.
  • Downvote 1

Share this post


Link to post
Share on other sites

I would be surprised if this actually goes anywhere. GM exercised their right and this is the end result. Grow up spyker

  • Upvote 1
  • Downvote 1

Share this post


Link to post
Share on other sites

I would be surprised if this actually goes anywhere. GM exercised their right and this is the end result. Grow up spyker

That is the whole thrust of the lawsuit. Spyker alleges that the deal with Youngman was structured in such a way that GM no longer had the right to interfere.

  • Upvote 2

Share this post


Link to post
Share on other sites

honestly, they both need to grow up. this is old hat. somebody--whoever ends up with Saab--needs to just liquidate them and be done with it. I think that unfortunately, Saab is long past saving. not exactly the best scenario, but it's proably best for everybody. what else can be done, honestly? It seems as though Saab has changed hands--or almost changed hands-- so many times, it's hard to keep track. and every next owner knows that if they try to save it, Saab is just going to drag them down with it.

  • Upvote 2
  • Downvote 1

Share this post


Link to post
Share on other sites

I would be surprised if this actually goes anywhere. GM exercised their right and this is the end result. Grow up spyker

Agree with you there, sir!

In the olden days when GM had a lot of money and power, they would have squashed Spyker like a bug.

Hopefully, they do so now....

  • Downvote 1

Share this post


Link to post
Share on other sites

It would have been very nice if GM in its entirety had been allowed to die. In reality, this suit seems reasonable. GM is focusing only on the Chinese market at this time as this is where their profits are being made. Their American cars, with the exception of a few buicks that are Opel clones, are junk. The Volt is a joke that is being propped up by government purchases and loss-leading leases. They can not run Opel because their attitude about giving the customer the lowest quality product they will accept has made their vehicles less desirable than those made by the VW group companies. Ford is doing a good job, they have quality, competitive products, both here and abroad, they treated Volvo, Aston Martin and Land Rover well when they were sold, and they are pushing forward. GM used threats and the media to squash Saab's deal with the Chinese that was perfectly within the bounds of their technology licensing agreements with GM. GM, apparently, even threatened to stop producing the SUV made for Saab in their plant under contract.

This entire issue is even more absurd when one considers that GM has very little technology worth stealing. GM's technology is dated, it is not an innovative company, it is simply a dinosaur run by dinosaurs who still have the misguided belief that the American car industry, and the country as a whole, is a leader and on top.

I had to laugh. In a conversation with friends recently, no-one had owned a GM vehicle. No-one had friends that had GM vehicles. Several had distant family members in the midwest that still drove GM cars, but the family members were old, and being from the midwest, conservative and backwards thinking. Many had Hondas and Toyotas, a few had Fords, there were a few Jeeps, many BMW, Mercedes, Audi, Volvo drivers, a few Saabs, but nothing from GM. The opinions of the group were that Cadillacs were tacky and driven by old people, drug dealers and people striving to attract attention to themselves. Buicks were for middle class people who were disappointed with their lives and needed tacky chrome trim to show that they were not poor, and Chevrolets were rental cars. police cars, and a brand favored by white trash. The trucks and SUVs were for tradesmen, people with large families (Suburban) and rednecks. GM had lost any credibility with successful people from 25-45. The subject of the Volt brought a chuckle. The typical response was "Why buy a Volt when we could buy a Prius?"

  • Downvote 5

Share this post


Link to post
Share on other sites

I guess Victor Muller is shooting a shotgun with a 6-inch barrell on Cheers and Gears?

The Question like - "Why buy a Volt when we could buy a Prius?" makes your enlightened statmement as ignorant as the GM owners you are ranting about. Oh does Prius not have any subsidy from government both US and Japanese?

  • Upvote 1
  • Downvote 1

Share this post


Link to post
Share on other sites

I guess Victor Muller is shooting a shotgun with a 6-inch barrell on Cheers and Gears?

The Question like - "Why buy a Volt when we could buy a Prius?" makes your enlightened statmement as ignorant as the GM owners you are ranting about. Oh and I guess Prius does not have any subsidy from government both US and Japanese?

Someone is trolling...wonder if it's smk's alter ego...

Share this post


Link to post
Share on other sites

Honestly, Victor Muller should be nullified by GM. Court should call the $3B lawsuit as frivolous and throw it out of the window. When SAAB was worth less than tenth of the price how can he claim that much money? We need to see GM's side. I hope Ackerson and company knew what they were doing when they made those calls for denying the takeover.

And whoever his financial backers are, they just like before, will lose money of their shirts and skirts.

Share this post


Link to post
Share on other sites

many BMW, Mercedes, Audi, Volvo drivers, a few Saabs, but nothing from GM. The opinions of the group were that Cadillacs were tacky and driven by old people, drug dealers and people striving to attract attention to themselves. Buicks were for middle class people who were disappointed with their lives and needed tacky chrome trim to show that they were not poor, and Chevrolets were rental cars. police cars, and a brand favored by white trash. The trucks and SUVs were for tradesmen, people with large families (Suburban) and rednecks. GM had lost any credibility with successful people from 25-45. The subject of the Volt brought a chuckle. The typical response was "Why buy a Volt when we could buy a Prius?"

"A few Saabs but nothing from GM".... uh.. what? Unless they're driving a 25+ year old Saab, they're driving something from GM.

but, your anecdotal evidence from inside your bubble is just that.

Share this post


Link to post
Share on other sites

In my demographic bubble of people I know personally IRL (well-educated people 25-45 working in the software industry, primarily developers, a few management types) in the Phoenix and Denver metro areas, I know very few GM owners...for mainstream brands, most have Honda, Toyota, some Nissan, VW, and Hyundai products, and for premium brands, Acura, BMW, Mercedes, Infiniti, and Volvo..a few Jeep owners.

I do personally know very few people out of this sample that are GM owners--one couple has a TrailBlazer and a Rendezvous, the other has his-and-hers Escalades (a regular one and an EXT--they previously had a BMW X5 and a Merc ML), another guy has a 4th gen Camaro Z-28 convertible and a Silverado, another has a '69 Chevelle and is looking at buying a new Camaro 1LE.

Anecdotal, to be sure, but troubling considering the preponderance of Camrys, Civics, Corollas, and Priuses in my circle of friends and colleagues.

  • Upvote 1

Share this post


Link to post
Share on other sites

Moltar,

GM's problem is perception. The person above gives a good cross-section of ignorance that GM has to deal with. Honestly critics like these need to be taken with heart by GM and worked on. That is where marketing should be effective and concentrated. GM is not doing a good job with marketing.

With his token we can say the same about the brands his cohorts own.

Honda and Toyota - bought by clueless, vanilla public who are still stuck in reading their bible on appliances - Consumer Reports. And by younger kids who want to rice those vehicles.

BMW, Mercedes, Audi - owned by deuchebags and strippers, a herd at higher level.

Volvo - owned by old cadavers who want to keep their skeletons safe.

Share this post


Link to post
Share on other sites

Moltar,

Honda and Toyota - bought by clueless, vanilla public who are still stuck in reading their bible on appliances - Consumer Reports. And by younger kids who want to rice those vehicles.

BMW, Mercedes, Audi - owned by deuchebags and strippers, a herd at higher level.

Volvo - owned by old cadavers who want to keep their skeletons safe.

Those are stereotypes also, though....I know some DB BMW/MB/Audi owners, but most I know are good people..hard working tech professionals..same w/ the Prius drivers.

Share this post


Link to post
Share on other sites

Moltar,

Honda and Toyota - bought by clueless, vanilla public who are still stuck in reading their bible on appliances - Consumer Reports. And by younger kids who want to rice those vehicles.

BMW, Mercedes, Audi - owned by deuchebags and strippers, a herd at higher level.

Volvo - owned by old cadavers who want to keep their skeletons safe.

Those are stereotypes also, though....I know some DB BMW/MB/Audi owners, but most I know are good people..hard working tech professionals..same w/ the Prius drivers.

I agree, "Observing and Reporting" was making stereotypes of GM owners. I just wanted to point out that same can be said of car brands his cohorts own.

Share this post


Link to post
Share on other sites

In my demographic bubble of people I know personally IRL (well-educated people 25-45 working in the software industry, primarily developers, a few management types) in the Phoenix and Denver metro areas, I know very few GM owners...for mainstream brands, most have Honda, Toyota, some Nissan, VW, and Hyundai products, and for premium brands, Acura, BMW, Mercedes, Infiniti, and Volvo..a few Jeep owners.

I do personally know very few people out of this sample that are GM owners--one couple has a TrailBlazer and a Rendezvous, the other has his-and-hers Escalades (a regular one and an EXT--they previously had a BMW X5 and a Merc ML), another guy has a 4th gen Camaro Z-28 convertible and a Silverado, another has a '69 Chevelle and is looking at buying a new Camaro 1LE.

Anecdotal, to be sure, but troubling considering the preponderance of Camrys, Civics, Corollas, and Priuses in my circle of friends and colleagues.

def more domestically oriented around me at work. One Mini-Cooper (that is turning into a reliability nightmare) and the rest domestics. My boss in Houston just bought a CTS over the weekend.

Off the top of my head the people who sit closest to me:

LeSabre

Mustang/Focus Hatch

Mini Cooper

Commander (on their second one)

Durango

Harley Davidson

Share this post


Link to post
Share on other sites

In my current company (which is a consulting company w/ only 12 people):

Grand Cherokee ('00) (moi)

Grand Cherokee ('02) and current-gen Chevy Tahoe (sales VP)

VW CC (my boss/CEO)

Acura TL (current gen, co-CEO)

VW Jetta (1997 or so)

Honda Civic hybrid

Honda Civic (2003 or so)

Hyundai Sonata (previous gen)

Toyota Tacoma (this guy also has a Cessna and '71 Chevelle project car)

Toyota Prius

Honda Accord (about a 2000 or so)

VW Golf GTI and Mercedes Sprinter camper

This company has a much lower percentage of Toyotas that other larger places I've worked over the last 15 years...

  • Upvote 1

Share this post


Link to post
Share on other sites

"GM's problem is perception. The person above gives a good cross-section of ignorance that GM has to deal with. Honestly critics like these need to be taken with heart by GM and worked on. That is where marketing should be effective and concentrated. GM is not doing a good job with marketing."

It has little to do with marketing and more to do with product.

How about simply making appealing products that don't feel and look cheap, and don't feature over-the-top styling and lackluster fit and finish? I have no animosity towards American cars, or any particular love for many of the foreign brands, but I know that every vehicle from GM's core group of vehicles that I have driven or ridden in has been a disappointment on many levels. Some had good engines, some had good styling, some had ok interiors, rarely did they posses all three things. Some examples are below:

Rentals:

Chevy Malibu: OK styling, wheezing engine, cheap plastics inside. An Accord is so much better it is amazing!

Camaro: OK styling, cheap interior, decent engine (the V6-the V8 is fun but old-fashioned)

Cadillac DTS: Cheap Cheap Cheap interior, poor ride quality, engine sounded like a powerboat,

Chevrolet Traverse: Nice styling, nice interior with the exception of many plastic details that were cheap, storage compartments whose latches did not work, poor alignment of panels, and fabric that felt as though it came off a dead mouse. Reasonably smooth engine. Why would a person buy this over a Pilot or Highlander??

GM vehicles test driven while shopping for recent car purchases.

Buick LaCrosse-Excellent styling with the exception of the excessive plasticized chrome (which was rough and uneven on the edge of many surfaces. Good engine, nice interior with too much bling. Cheap fake wood, shiny surfaces that reflected off the windshield. It wants to compete with Acura and Lexus, it even comes close, but it is so far away in the details.

Cadillac SRX: TOO MUCH CHROME ON THE INSIDE. 3.6 engine lacked oomph and sounded rough, instruments difficult to read. many squeaks and rattles. Audi Q5, Lexus RX do it better for the same money. Electronics in the Cadillac were also about 5 years out of date.

GMs halo cars are cheap and fun. The corvette handles well, has lots of power and is inexpensive compared with its rivals. It may have leather that came from a plastic factory and fit and finish that leaves much to be desired, but it is fun and can be a reachable dream for an average person. It is not as well made as a Porsche, but it is viable and a good mid-life crisis car for Joe the Plumber.

The Camaro is much the same-good cheap fun. Not something you would want to drive everyday, filled with antique engines and engineering, a throwback to the late 60s, but great at doing smoky burnouts on deserted country roads. It doesn't have to compete with anything other than the Chrysler and Ford equivalents because they are the only cars occupying this class.

  • Downvote 1

Share this post


Link to post
Share on other sites

I agree, "Observing and Reporting" was making stereotypes of GM owners. I just wanted to point out that same can be said of car brands his cohorts own.

I was not trying to be rude, this is what came up in a lively conversation, in all fairness it was over dinner at a restaurant/pub and was very animated.

Share this post


Link to post
Share on other sites

The reason to buy a Traverse over a highlander or pilot is room room room without any sacrifice in fuel economy or power.

There is nothing "ancient" about the Camaro V8. If you're talking about it not having DOHC, DOHC has been around longer than pushrod/ohv.

Share this post


Link to post
Share on other sites

So a Toyota Corrolla with a 4-speed automatic transmission and no platform update since 2003 is a complete package?

The mahogany-tinted high-gloss wood looks like it came from a downmarket furniture store, and what's with the old Mercedes-style shift gate for the shift lever? And we nearly called an anthropologist when we spied the ES 350's cassette tape player. Sure, Lexus drivers are known enthusiasts of books on tape, but does Mark Levinson know it's still there?

That is the high quality and completely packaged Lexus for you.

Or Honda with its 5-speed transmission, no direct injection engines and design that will put GM's 90s design blandness to shame is a complete package? The quality of my 2005 TSX is better than the new TSX. But yes, they are cars that people buy.

How about the howlers from Nissan - Sentra and Versa. Are they complete packages as well?

BMW's fit and finish is nothing short of glaringly deficient. The plastics of my 2005 BMW 330i are terrible, the upholstery is peeling off, leather is blemished. The TSX and my 98 Lumina look better in shape than the BMW. The car has had electrical gremlins and also seen all its windows motors replaced. That is indeed a quality product! Have you heard of BMW's HFPF problem? The F30 has no design theme, the plastics look cheap and the interior is virtually unchanged since 1990s. At least Bangle had balls to be creative and polarizing.

And as for the Corvette and the stereotypes you are adding to the car - the ignorance is similar to the one in your comment about Prius and Volts. Yes Porsche may put clubbed baby seal leather in its anemic 320 odd hp Boxter S but then it clubs the customer $85k for that car. For half that price you can get the 370Z and club the Boxter if you are willing to forget the 85% quality at 105% performance. If I was shelling $200k on a Panamera Turbo S, I will expect the car to have clubbed baby Panda leather sewn by Matthias Muller with his own hands.

I still stand by my statement that GM lacks in perception game that Japanese and Germans have mastered and now Koreans are mastering. The GM products except for a few are vastly better than the perception you have. Is there a room for improvement? Sure, but they are not howlers as you claim to be.

I agree, "Observing and Reporting" was making stereotypes of GM owners. I just wanted to point out that same can be said of car brands his cohorts own.

I was not trying to be rude, this is what came up in a lively conversation, in all fairness it was over dinner at a restaurant/pub and was very animated.

Neither was I. What I mentioned about those brands also came casually in a lively conversation with informed automobile enthusiasts.

Share this post


Link to post
Share on other sites

if you value room over quality then it is perfect. If that is the only criteria why not buy an AWD minivan? My mind was made up when the storage console door fell off of a vehicle with less than 1,000 miles. UAW Quality!

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Who's Online   1 Member, 0 Anonymous, 24 Guests (See full list)



  • Similar Content

    • By dfelt
      Honda and GM have partnered up to develop the next generation of high density extreme fast charging battery packs. Honda and GM have already partnered on Hydrogen cell and motor technology development. Now they sign a multiyear agreement to develop batteries for the next generation of auto's.
      To quote the news release:
      "General Motors Co. (NYSE: GM) and Honda (NYSE: HMC) announced an agreement for new advanced chemistry battery components, including the cell and module, to accelerate both companies’ plans for all-electric vehicles. The next-generation battery will deliver higher energy density, smaller packaging and faster charging capabilities for both companies’ future products, mainly for the North American market."
      http://www.gm.com/mol/m-2018-jun-0607-gm-honda-battery-cell.html
    • By William Maley
      In April of 2013, Ford and General Motors announced they would be working together on developing new nine and ten-speed automatic transmissions. The nine-speed automatic would be for front-wheel drive models, while rear-drive models got the ten-speed. Already, a number of Ford and GM vehicles are using the ten-speed. But GM will be the only one using the nine-speed.
      Automotive News reports that Ford is electing to use a new series of eight-speed automatic transmission on their vehicles. The company said the new nine-speed didn't provide enough of an improvement in fuel economy to justify the added cost and weight. According to a source, Ford made this decision before GM began to use this transmission on their production models.
      "Typically, if anyone gave me a transmission that didn't require much work, outside of tuning it for a specific vehicle, I would take it and run. It's a lot of design work after the fact to come up with their own flavor. It shows there might be some different schools of thought in terms of transmission efficiency," said Dave Sullivan, an analyst with AutoPacific Inc.
      While GM claims the nine-speed brings “smoother shifts” and a better driving experience, it hasn't brought any real gains to fuel economy. The 2017 Chevrolet Malibu 2.0T only saw an increase of one mpg on the highway when compared to the 2016 model with a six-speed automatic (33 vs. 32). The 2019 Buick Envision 2.0T saw its highway fuel economy drop by one when equipped with the nine-speed auto (25 vs. 26).
      It should be noted that one of the eight-speed transmissions Ford is using is based on the new nine-speed, minus a gear.
      Source: Automotive News (Subscription Required)

      View full article
    • By William Maley
      Cadillac's leadership is seeing a major change as current president Johan de Nysschen will be stepping down effective immediately. In his place will be Steve Carlisle who is currently president and managing director of GM Canada.
      “We appreciate Johan’s efforts over the last four years in setting a stronger foundation for Cadillac. Looking forward, the world is changing rapidly, and, beginning with the launch of the new XT4, it is paramount that we capitalize immediately on the opportunities that arise from this rate of change. This move will further accelerate our efforts in that regard,” said General Motors President Dan Ammann in a statement.
      No reason was given as to why de Nysschen is leaving after leading the brand for over three years. His tenure saw Cadillac make a number of dramatic changes including moving the brand's headquarters to New York City and introducing a new nomenclature system.
      Steve Carlisle has been part of GM since 1982 when he was an industrial engineering co-op student at the Oshawa assembly plant. He was named the president of GM Canada back in 2014 and helped the region get back on its feet. Last year, GM was number one in retail sales in Canada, with Buick, Cadillac, and GMC posting their best ever sales.
      “The potential for Cadillac across the globe is incredible and I’m honored to be chosen to be a part of mapping that future. I look forward to building on our current momentum as we continue on our mission to position Cadillac at the pinnacle of luxury,” said Carlisle.
      We'll be updating this story if any new information comes out.
      UPDATE: Automotive News and Wards Auto have learned some possible reasons as to why de Nysschen was shown the door. One is Cadillac's slumping sales. In 2017, sales in the U.S. dropped eight percent - the second straight year of a sales decline. Sales are doing slightly better in 2018 - up 8.1 percent - some of this is due to incentives being placed on slow-selling models.
      Project Pinnacle which was de Nysschen's ambitious incentive plan that would divide dealers into five tiers based on sales volume. Each tier would have different requirements in terms of showroom and service, along with perks. One contentious point that irked a number of dealers was smaller dealers setting up a "virtual showroom" where buyers could order vehicles. These dealers would not be able to stock Cadillac vehicles. Since then, Project Pinnacle has undergone a number of changes.
      Wards Auto says de Nysschen didn't move fast enough to join the fast-growing trend of crossovers. Cadillac has introduced the XT4 at the New York Auto Show last month are there plans to launch a couple more in the coming years, but this is only going to widen the gap between Cadillac and competitors.
      Both outlets report there has been growing tension between de Nysschen and GM. Such examples include him proclaiming that "Cadillac would be the technical leader at GM in the future," partly due to the launch of SuperCruise. Apparently, de Nysschen forgot about the Chevrolet Bolt and Volt. There was also the comment he made about Apple's CarPlay saying it was “extremely clunky”. (Mr. de Nysschen, have you even used CUE?! -WM)
      Source: General Motors
      GM Names Steve Carlisle Senior VP and President, Cadillac
      Johan de Nysschen leaves GM to pursue other interests; Travis Hester becomes president and managing director, GM Canada DETROIT — General Motors today announced the appointment of Steve Carlisle as General Motors senior vice president and president, Cadillac, replacing Johan de Nysschen, who is leaving the company effective immediately.
      Travis Hester, currently vice president, Global Product Programs, is named president and managing director, GM Canada, replacing Carlisle. The transition will begin immediately.
      “We appreciate Johan’s efforts over the last four years in setting a stronger foundation for Cadillac,” said General Motors President Dan Ammann. “Looking forward, the world is changing rapidly, and, beginning with the launch of the new XT4, it is paramount that we capitalize immediately on the opportunities that arise from this rate of change. This move will further accelerate our efforts in that regard.”
      Carlisle was most recently president and managing director of GM Canada, where he led a resurgence of the GM Canada franchise. In 2017, GM was number one in automotive retail sales in Canada, with Buick, GMC and Cadillac achieving their best ever sales years. Carlisle also reestablished key relationships in Canada with retailers, employees and government officials.
      “The potential for Cadillac across the globe is incredible and I’m honored to be chosen to be a part of mapping that future,” said Carlisle. “I look forward to building on our current momentum as we continue on our mission to position Cadillac at the pinnacle of luxury.”
      Carlisle will report to Dan Ammann.
      Carlisle began his GM career in 1982 as an industrial engineering co-op student at the Oshawa Truck Assembly Plant. Over the course of his career with General Motors, Carlisle has held several senior leadership positions that have taken him across the globe, including vice president, Global Product Planning (2010-2014); vice president, U.S. Sales Operations (2010); and president and managing director, Southeast Asia Operations (2007-2010).
      Hester brings extensive global leadership and global product development experience to his new role at GM Canada. Since 2016, he has led the team responsible for balancing all aspects of vehicle development, including quality, cost, appearance, purchasing, customer acceptance and performance targets.
      Hester will report to Alan Batey, president, GM North America.
      Hester began his GM career in 1995 in Australia as a technical support engineer for GM Holden. He held a variety of positions in Australia before moving to the U.S. in 2005. Since 2005, Hester has held engineering positions in both the U.S. and China, including chief engineer for several global premium luxury vehicles, the Buick Regal, Buick LaCrosse and the Chevrolet Sonic. Hester became vice president, Global Product Programs, in 2016.

      View full article
    • By William Maley
      Ahead of releasing this month's sales numbers, General Motors has announced that it will start reporting sales quarterly instead of monthly.
      “Thirty days is not enough time to separate real sales trends from short-term fluctuations in a very dynamic, highly competitive market. Reporting sales quarterly better aligns with our business, and the quality of information will make it easier to see how the business is performing,” said Kurt McNeil, U.S. vice president, Sales Operations in a statement this morning.
      GM cites many reasons for the change to quarterly reporting - weather, product launches, number of selling days, incentives, and seasonal factors.
      “It’s not that (GM) doesn’t want to talk about how many cars they are selling or if they’re having a bad month. They’re still going to report everything quarterly,” explained IHS Markit analyst Stephanie Brinley.
      “It changes the tone of the story, because with month-to-month results it is difficult to really get a good picture of the industry.”
      "I understand the reasons they are doing it. There can be a lot of fluctuation during a month," said Michelle Krebs, executive analyst with Autotrader to Automotive News.
      Krebs went onto say that other automakers might consider following General Motors lead. She used the example of Chrysler which ended the practice of reporting sales-figures for 10 days in 1991. Other automakers would follow suit, but it took some time. GM didn't make the switch till 1994.
      "What happened was they decided to go monthly, and everybody did it. That would make me believe everybody is going to follow suit and follow GM's lead."
      But this move could bring forth some unattended consequences. Monthly sales numbers are used by many people and industries to help gauge the economy. It could also make estimates made by third-parties not fully reflect the automaker’s performance.
      “Right now, the market looks at whether someone comes in above or below forecasts. If GM’s sales are estimated monthly, those estimates could be really high and then the results come in lower when you look at quarterly sales. That could have unintended consequences.”
      But the inverse - GM posting higher sales numbers than what was estimated - is also true.
      One thing is certain, we just don't know how this is going to work out.
      Source: Automotive News (Subscription Required), The Detroit News, General Motors
      Press Release is on Page 2


      GM to Begin Reporting U.S. Sales on a Quarterly Basis
      DETROIT – General Motors announced today it will begin reporting its U.S. vehicle sales on a quarterly basis, effective immediately. In 2018, second quarter sales will be released on July 3, third quarter sales on October 2 and fourth quarter sales on January 3, 2019.
      “Thirty days is not enough time to separate real sales trends from short-term fluctuations in a very dynamic, highly competitive market,” said Kurt McNeil, U.S. vice president, Sales Operations. “Reporting sales quarterly better aligns with our business, and the quality of information will make it easier to see how the business is performing.”
      In the auto industry, monthly sales are subject to many issues that make them more volatile than quarterly sales, including product launch activity, weather, other seasonal factors, the number of selling days and incentive activity.
      GM’s high level of transparency on total, brand and nameplate sales, fleet mix and inventory will not change. The company will also continue sharing J.D. Power PIN estimates for incentive spending and average transaction prices.
      The company’s March 2018 U.S. sales will be released today at 9:30 a.m. EDT.

      View full article
    • By William Maley
      Germany's highest court, the Federal Administrative Court ruled today that cities can ban older diesel vehicles to help cut pollution. 
      According to Reuters, the case was brought to the Federal Administrative Court after local courts ordered the Düsseldorf and Stuttgart governments to ban older diesel vehicles. The states disagreed with this decision and appealed it to the highest court. Originally, the Federal Administrative Court was expected to rule on the case last week, but it was pushed back.
      In the ruling, the court said the two cities should introduce the bans gradually and exemptions can be made for certain types of vehicles like ambulances.
      “It will not be easy to implement,” said Fritz Kuhn, mayor of Stuttgart during a press conference.
      Kuhn added that it would likely take six months for the regional government to agree on a plan.
      The decision was welcomed by environmental groups.
      “It’s a great day for clean air in Germany,” said Jürgen Resch of the environmental group DUH.
      But a number of politicians and business lobbies disagree with the decision, saying it could deprive a number of drivers across the country, many who might not be able to replace them.
      “The court has not issued any driving bans but created clarity about the law. Driving bans can be avoided, and my goal is and will remain that they do not come into force,” said Germany's environment minister, Barbara Hendricks.
      Hendricks told Reuters that she hopes cities are able to find other ways to improve air quality. One example she brought up is to retrofit exhaust treatment systems to older diesel vehicles. As to who would pay for it, Hendricks said it should be the automakers since they sold the vehicles in the first place.
      German Chancellor Angela Merkel stressed the bans were localized and wouldn't affect most drivers in the country.
      The ban could cause German automakers a number of headaches as it would likely cause sales of diesel vehicles to drop even further, along with decreasing the resale value of them.
      Source: Reuters, (2), The Guardian

      View full article
  • My Clubs

  • Recently Browsing

    No registered users viewing this page.

  • Reader Rides

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.