Jump to content

Search the Community

Showing results for tags 'gm'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • News and Views
    • Staff Reviews
    • Reader Reviews
    • Auto Show Coverage
    • Sales Figure Ticker
    • Editorials
    • Competitions
    • Industry News
    • Motorsports
  • Brand Discussion
    • Aston Martin
    • BMW Group
    • Daimler AG
    • Fiat-Chrysler Automobiles
    • Karma
    • Ferrari
    • Fisker
    • Ford Motor Company
    • General Motors
    • Honda Motor Company
    • Hyundai Motor Group
    • Jaguar-Land Rover
    • Lotus
    • Mazda
    • McLaren Automotive
    • Nissan-Renault Alliance
    • Peugeot
    • Rivian
    • SAAB / NEVS
    • Subaru
    • Suzuki
    • Tesla
    • Toyota Motor Corporation
    • Chinese Automakers
    • Volkswagen Automotive Group
    • Volvo
    • The British
    • The Italians
    • The French
  • Heritage Marques
  • Forum Information
  • Social Central
  • Tech Corner
  • Design Studio
  • Cadillac Appreciation Club's Cadillac Discussion
  • European Car Lovers's Topics

Categories

  • Auto Shows
    • Detroit Auto Show
    • Consumer Electronics Show (CES)
    • Chicago Auto Show
    • New York Auto Show
    • Geneva Auto Show
    • Beijing Auto Show
    • Shanghai Auto Show
    • Paris Motor Show
    • Frankfurt International Motor Show
    • Los Angeles Auto Show
    • SEMA
    • Tokyo Motor Show
  • Opinion
  • News
    • Acura
    • Alfa Romeo
    • Alternative Fuels
    • Aston Martin
    • Audi
    • Automotive Industry
    • Bentley
    • BMW
    • Buick
    • Cadillac
    • Chevrolet
    • Chrysler
    • Dodge
    • Ducati
    • Ferrari
    • Fiat
    • Fisker
    • Ford
    • Genesis
    • GM News
    • GMC
    • Holden
    • Honda
    • Hyundai
    • Infiniti
    • Jaguar
    • Jeep
    • Karma
    • Kia
    • Lamborghini
    • Land Rover
    • Lexus
    • Lincoln
    • Lotus
    • Maserati
    • Mazda
    • McLaren
    • Mercedes Benz
    • MINI
    • Mitsubishi
    • Nissan
    • Opel/Vauxhall
    • Peugeot
    • Polestar
    • Porsche
    • Ram Trucks
    • Rivian
    • Rolls-Royce
    • Saab / NEVS
    • Sales Figures
    • Scion
    • SMART
    • Subaru
    • Tesla
    • Toyota
    • Volkswagen
    • Volvo
    • Zotye
  • Reviews
  • Deal Alert

Categories

  • Tires and Wheel Specials
  • Automotive Maintenance Specials

Product Groups

  • Converted Subscriptions
  • Advertising
  • Hosting

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Website URL


GooglePlus


Skype


Location


Interests

Found 347 results

  1. William Maley Staff Writer - CheersandGears.com December 19, 2012 General Motors announced today that they will be buying back 200 million shares of stock from the U.S. Treasury. The buyback will cost GM about $27.50 per share - about $5.5 billion in total. GM says the $27.50 share price represents a 7.9% premium over the closing price on December 18. The share buyback is expected to close by the end of December. After this buyback, the Treasury will still hold close to 300 million shares of the automaker's stock – roughly equal to a 19% stake. Treasury officials say they will begin to sell off the rest of their shares as early as next month, "through various means and in an orderly fashion." The Treasury plans to sell all of its GM shares over the next 12 to 15 months. “This announcement is an important step in bringing closure to the successful auto industry rescue, it further removes the perception of government ownership of GM among customers, and it demonstrates confidence in GM’s progress and our future,” said Dan Akerson, chairman and CEO of GM in a press release today. Source: GM, U.S. Treasury William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.comor you can follow him on twitter at @realmudmonster. Press Release is on Page 2 GM to Buy Back Stock from U.S. Treasury Department U.S. intends to fully exit GM investment within 12-15 months 2012-12-19 DETROIT - General Motors today said it will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share. The share buyback is part of the Treasury’s plan, also announced today, to fully exit its entire holdings of GM stock within 12 to 15 months, subject to market conditions. Treasury has announced its intention to sell its remaining shares of common stock into the market through various means and in an orderly fashion. Treasury intends to begin its disposition of its remaining shares as soon as January 2013, consistent with a pre-arranged written trading plan. In addition, Treasury has agreed to relinquish certain governance rights that were included in the U.S. Treasury Secured Credit Agreement with GM. “This announcement is an important step in bringing closure to the successful auto industry rescue, it further removes the perception of government ownership of GM among customers, and it demonstrates confidence in GM’s progress and our future,” said Dan Akerson, chairman and CEO of GM. Dan Ammann, senior vice president and CFO added, “A fortress balance sheet has been a pillar of GM’s financial strategy and has enabled us to undertake today’s actions. GM’s balance sheet will remain very strong, with estimated liquidity of approximately $38 billion at the end of 2012, following the closing of the share buyback.” The repurchase price of $27.50 per share represents a 7.9 percent premium over the closing price on December 18, 2012. The share buyback is expected to close by the end of the year. This transaction will be accretive to earnings per share, as GM’s total shares outstanding on a fully diluted basis will be reduced by approximately 11 percent. In association with this share buyback, GM expects to take a charge of approximately $400 million in the fourth quarter, which will be treated as a special item. After the repurchase, Treasury will continue to own approximately 300 million shares of GM common stock, or approximately 19 percent of the outstanding shares on a fully diluted basis. Government ownership of GM stock was the result of the auto industry rescue that began under President George W. Bush in 2008 and which was expanded by President Barack Obama in 2009. The industry in general, and GM in particular, have rebounded sharply since the rescue. Since the rescue, GM has announced investments of more than $7.3 billion in the U.S. and created or retained more than 20,000 jobs. “We come to work every day grateful that taxpayers from the US and Canada stepped forward to rescue our industry, and determined to show this extraordinary help was worth it,” Akerson said.
  2. William Maley Staff Writer - CheersandGears.com December 19, 2012 General Motors announced today that they will be buying back 200 million shares of stock from the U.S. Treasury. The buyback will cost GM about $27.50 per share - about $5.5 billion in total. GM says the $27.50 share price represents a 7.9% premium over the closing price on December 18. The share buyback is expected to close by the end of December. After this buyback, the Treasury will still hold close to 300 million shares of the automaker's stock – roughly equal to a 19% stake. Treasury officials say they will begin to sell off the rest of their shares as early as next month, "through various means and in an orderly fashion." The Treasury plans to sell all of its GM shares over the next 12 to 15 months. “This announcement is an important step in bringing closure to the successful auto industry rescue, it further removes the perception of government ownership of GM among customers, and it demonstrates confidence in GM’s progress and our future,” said Dan Akerson, chairman and CEO of GM in a press release today. Source: GM, U.S. Treasury William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.comor you can follow him on twitter at @realmudmonster. Press Release is on Page 2 GM to Buy Back Stock from U.S. Treasury Department U.S. intends to fully exit GM investment within 12-15 months 2012-12-19 DETROIT - General Motors today said it will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share. The share buyback is part of the Treasury’s plan, also announced today, to fully exit its entire holdings of GM stock within 12 to 15 months, subject to market conditions. Treasury has announced its intention to sell its remaining shares of common stock into the market through various means and in an orderly fashion. Treasury intends to begin its disposition of its remaining shares as soon as January 2013, consistent with a pre-arranged written trading plan. In addition, Treasury has agreed to relinquish certain governance rights that were included in the U.S. Treasury Secured Credit Agreement with GM. “This announcement is an important step in bringing closure to the successful auto industry rescue, it further removes the perception of government ownership of GM among customers, and it demonstrates confidence in GM’s progress and our future,” said Dan Akerson, chairman and CEO of GM. Dan Ammann, senior vice president and CFO added, “A fortress balance sheet has been a pillar of GM’s financial strategy and has enabled us to undertake today’s actions. GM’s balance sheet will remain very strong, with estimated liquidity of approximately $38 billion at the end of 2012, following the closing of the share buyback.” The repurchase price of $27.50 per share represents a 7.9 percent premium over the closing price on December 18, 2012. The share buyback is expected to close by the end of the year. This transaction will be accretive to earnings per share, as GM’s total shares outstanding on a fully diluted basis will be reduced by approximately 11 percent. In association with this share buyback, GM expects to take a charge of approximately $400 million in the fourth quarter, which will be treated as a special item. After the repurchase, Treasury will continue to own approximately 300 million shares of GM common stock, or approximately 19 percent of the outstanding shares on a fully diluted basis. Government ownership of GM stock was the result of the auto industry rescue that began under President George W. Bush in 2008 and which was expanded by President Barack Obama in 2009. The industry in general, and GM in particular, have rebounded sharply since the rescue. Since the rescue, GM has announced investments of more than $7.3 billion in the U.S. and created or retained more than 20,000 jobs. “We come to work every day grateful that taxpayers from the US and Canada stepped forward to rescue our industry, and determined to show this extraordinary help was worth it,” Akerson said. View full article
  3. GM U.S. Sales Increase 3 percent in November DETROIT – General Motors Co. (NYSE: GM) today reported its highest November sales in the United States since 2007, with deliveries up 3 percent versus a year ago to 186,505 vehicles. Year-over-year sales to retail customers were essentially equal to a year ago and sales to fleet customers were up 16 percent. “In November, we saw strong car and crossover sales and we continue to make inroads with younger customers, import drivers and buyers focused on fuel economy,” said Kurt McNeil, vice president of U.S. sales operations. “Sales at Cadillac and Buick are benefiting from the buzz generated by new products, including the Buick Verano, Cadillac XTS and Cadillac ATS.” Sales of GM passenger cars increased 19 percent in November compared with a year ago. Crossovers were up 9 percent and sales of trucks were down 11 percent. Buick and Cadillac had their best November sales since 2006 and 2007, respectively. Passenger car sales were up 77 percent at Cadillac, 22 percent at Buick and 13 percent at Chevrolet. Combined sales of mini, small and compact cars were up 51 percent compared with a year ago, driven by the new Buick Verano and Chevrolet Spark, a 27 percent increase for the Chevrolet Cruze, a 33 percent increase for the Chevrolet Volt and a 12 percent increase for the Chevrolet Sonic. Crossover sales were driven by a 44 percent increase for the GMC Terrain, a 23 percent increase for the Buick Enclave and a 13 percent increase for both the Chevrolet Equinox and the Cadillac SRX. Sales of large pickups were 8 percent lower in part due to unexpectedly high competitive incentive activity, which GM did not match. The average transaction prices for GM vehicles increased $750 per unit versus a year ago, even though the company’s car and crossover mix increased from 56 percent of total sales to 62 percent. ATPs also increased about $190 per unit from October, when the car and crossover mix was 60 percent. “The East Coast’s ongoing recovery from Hurricane Sandy helped drive the November SAAR materially higher, but it benefited our competitors more than GM, since they rely on the region for more of their sales,” McNeil said. “It’s clear that the industry will come in at the high end of our full-year sales forecast,” he added. “Exactly how much growth we can expect next year will depend in part on how Congress and the president resolve the fiscal cliff issue. Consumers hate uncertainty, so an agreement on ways to reduce long-term federal budget deficits could remove an impediment to growth.”
  4. William Maley Staff Writer - CheersandGears.com November 14, 2012 During an event in San Francisco, GM's product chief Mary Barra announced the company their green-car will focus on plug-in hybrids and electric vehicles. "A major focus for GM's electrification strategy will center on the plug," said Barra. She went onto say that plug-ins offer "a unique opportunity to change the way people commute.” GM's original strategy for green cars included the development of different powertrains, including hybrids. That plan has proven to be too expensive and not efficient. "We need to make educated bets on which technologies hold the most potential for creating values for our customers and our company," said Barra. GM's mild-hybrid system, branded the eAssist system will be sticking around. GM is hoping by 2017 to sell 500,000 vehicles with some sort of electrification. Source: Automotive News (Subscription Required) 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.
  5. William Maley Staff Writer - CheersandGears.com November 14, 2012 During an event in San Francisco, GM's product chief Mary Barra announced the company their green-car will focus on plug-in hybrids and electric vehicles. "A major focus for GM's electrification strategy will center on the plug," said Barra. She went onto say that plug-ins offer "a unique opportunity to change the way people commute.” GM's original strategy for green cars included the development of different powertrains, including hybrids. That plan has proven to be too expensive and not efficient. "We need to make educated bets on which technologies hold the most potential for creating values for our customers and our company," said Barra. GM's mild-hybrid system, branded the eAssist system will be sticking around. GM is hoping by 2017 to sell 500,000 vehicles with some sort of electrification. Source: Automotive News (Subscription Required) 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. View full article
  6. William Maley Staff Writer - CheersandGears.com October 31, 2012 Bloomberg is reporting that earlier this month, Fiat CEO Sergio Marchionne sat down with PSA-Peugeot/Citroen GM earlier this month about creating an alliance that would become the largest automaker in the region. Marchionne's proposal was to have the three companies form an alliance in exchange for stock. Marchionne also had another proposal on the table where Fiat would take Opel off GM's hands if the company was given between $5 to $7 billion in cash for restructuring costs. PSA-Peugeot/Citroen passed on the alliance because it favors its partnership with GM. Also, if PSA-Peugeot/Citroen went ahead with this idea, this would have complicated a $9.1 billion guarantee from the French government. “It’s an indication that it’s getting increasingly difficult, especially for the southern European carmakers. Marchionne seems to be afraid to go under in the wave of joint ventures in Europe,” said Frank Schwope, an analyst with Norddeutsche Landesbank Girozentrale. “Don’t read anything into having a coffee at the bar. There are other things than combinations and mergers that people talk about from time to time,” said Marchionne when asked about this. General Motors and PSA-Peugot/Citroen declined to comment. Source: Bloomberg 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. View full article
  7. William Maley Staff Writer - CheersandGears.com October 31, 2012 Bloomberg is reporting that earlier this month, Fiat CEO Sergio Marchionne sat down with PSA-Peugeot/Citroen GM earlier this month about creating an alliance that would become the largest automaker in the region. Marchionne's proposal was to have the three companies form an alliance in exchange for stock. Marchionne also had another proposal on the table where Fiat would take Opel off GM's hands if the company was given between $5 to $7 billion in cash for restructuring costs. PSA-Peugeot/Citroen passed on the alliance because it favors its partnership with GM. Also, if PSA-Peugeot/Citroen went ahead with this idea, this would have complicated a $9.1 billion guarantee from the French government. “It’s an indication that it’s getting increasingly difficult, especially for the southern European carmakers. Marchionne seems to be afraid to go under in the wave of joint ventures in Europe,” said Frank Schwope, an analyst with Norddeutsche Landesbank Girozentrale. “Don’t read anything into having a coffee at the bar. There are other things than combinations and mergers that people talk about from time to time,” said Marchionne when asked about this. General Motors and PSA-Peugot/Citroen declined to comment. Source: Bloomberg 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.
  8. William Maley Staff Writer - CheersandGears.com September 16, 2012 If you're in the market for a pickup truck, there is some very good news for you. Truck manufacturers are offering rebates ranging from $1,500 to $4,500. So why the large rebates? Well, part of it is to make room for the 2013 models. The other part is due in part to GM. GM's supply of pickup trucks has been growing and growing due in part to the company making sure they have enough supply when they shut down their plants to retool. GM is stuck between a rock and hard place on trying to make sure they have the right amount of trucks. Starting after Labor Day, GM started their semiannual truck promotion which offers rebates on trucks up $3,500 or $4,500 with a trade. This is a surprise since the promotion usually starts in October. "They've pulled forward truck month, so we get both September and October, and they're putting a lot of cash on the hoods. With a little participation from the client, I think we'll be fine," said Chris Haydocy, a Buick-GMC dealer in Columbus, Ohio Not to be outdone, Ford, Ram, and Toyota have introduced rebates and incentives to bring people into one of their trucks. Source: Automotive News (Subscription Required) 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.
  9. William Maley Staff Writer - CheersandGears.com September 16, 2012 If you're in the market for a pickup truck, there is some very good news for you. Truck manufacturers are offering rebates ranging from $1,500 to $4,500. So why the large rebates? Well, part of it is to make room for the 2013 models. The other part is due in part to GM. GM's supply of pickup trucks has been growing and growing due in part to the company making sure they have enough supply when they shut down their plants to retool. GM is stuck between a rock and hard place on trying to make sure they have the right amount of trucks. Starting after Labor Day, GM started their semiannual truck promotion which offers rebates on trucks up $3,500 or $4,500 with a trade. This is a surprise since the promotion usually starts in October. "They've pulled forward truck month, so we get both September and October, and they're putting a lot of cash on the hoods. With a little participation from the client, I think we'll be fine," said Chris Haydocy, a Buick-GMC dealer in Columbus, Ohio Not to be outdone, Ford, Ram, and Toyota have introduced rebates and incentives to bring people into one of their trucks. Source: Automotive News (Subscription Required) 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. View full article
  10. William Maley Staff Writer - CheersandGears.com September 4, 2012 There's a lot of questions dealing with Holden Commodore after 2017. The facelifted Commodore, the VF, will be debuting next year on the Zeta platform. But when 2017, Zeta will not be used at all. “Zeta is not a global platform for GM,” said Holden boss, Mike Devereux, during a tour of the Elizabeth production facility. Holden has confirmed that it will produce two new Australian-made cars based on two global platforms as part of a billion-dollar investment to guarantee building vehicles in Australia until 2022. The first vehicle will likely be the new Cruze which will be based on new platform which will combine Delta II and Theta platforms into one. The other vehicle, which could be the Commodore could go a number of ways. “It could be that we stick with the configuration that we have here, in terms of rear-wheel drive sports sedan. It could be bigger, it could be smaller, it could be that we don’t go with rear-wheel drive and go with front-wheel drive. And the difficulty is that we have to make decisions very quickly here that we have to live with until 2022,” Devereux said. If the next generation Commodore was to go RWD, most likely it would use a GM's Alpha platform. If it goes to FWD/AWD, Epsilon II could be it. “I’d talk about it in terms of a larger car. Whether it’s a Commodore, if it feels like a Commodore, if it’s called a Commodore... the whole thing is having to predict what to do post-VF commodore in that late 2016, early 2017 time frame and coming up with a winner.” Source: Carsales.com.au 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.
  11. William Maley Staff Writer - CheersandGears.com September 4, 2012 There's a lot of questions dealing with Holden Commodore after 2017. The facelifted Commodore, the VF, will be debuting next year on the Zeta platform. But when 2017, Zeta will not be used at all. “Zeta is not a global platform for GM,” said Holden boss, Mike Devereux, during a tour of the Elizabeth production facility. Holden has confirmed that it will produce two new Australian-made cars based on two global platforms as part of a billion-dollar investment to guarantee building vehicles in Australia until 2022. The first vehicle will likely be the new Cruze which will be based on new platform which will combine Delta II and Theta platforms into one. The other vehicle, which could be the Commodore could go a number of ways. “It could be that we stick with the configuration that we have here, in terms of rear-wheel drive sports sedan. It could be bigger, it could be smaller, it could be that we don’t go with rear-wheel drive and go with front-wheel drive. And the difficulty is that we have to make decisions very quickly here that we have to live with until 2022,” Devereux said. If the next generation Commodore was to go RWD, most likely it would use a GM's Alpha platform. If it goes to FWD/AWD, Epsilon II could be it. “I’d talk about it in terms of a larger car. Whether it’s a Commodore, if it feels like a Commodore, if it’s called a Commodore... the whole thing is having to predict what to do post-VF commodore in that late 2016, early 2017 time frame and coming up with a winner.” Source: Carsales.com.au 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. View full article
  12. William Maley Staff Writer - CheersandGears.com August 8, 2012 Last week, we reported on the departure of GM's global marketing chief, Joel Ewanick. The reason given out at the time was Ewanick not meeting up to expectations. A day after his departure, a report from Bloomberg said Ewanick's departure was due to a review of a recent sponsorship agreement that didn't meet company policy. A week later, a new report from Bloomberg sheds some more light on why Ewanick was kicked out. The recent sponsorship agreement in question was a partnership between Chevrolet and U.K. soccer team Manchester United. The agreement, lasting till 2021, would have GM shelling out $18.6 million for this and next year, rising to roughly $70 million in 2014, and increasing 2.1% after that. Total cost of the deal: $559 million. This would have been ok if Ewanick hadn't spread the cost out to other marketing budgets and disclosing a price that was much less than the $559 million. A source tells Bloomberg that a whistle-blower came forward questioning certain aspects of the agreement between GM and Manchester United. An internal investigation was launched and found that the total cost was much higher and hidden in other budgets. Ewanick denied he was hiding anything about the deal during the investigation, but that soon unraveled. Ewanick's resignation was announced on July 29th. Source: Bloomberg 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. View full article
  13. William Maley Staff Writer - CheersandGears.com August 8, 2012 Last week, we reported on the departure of GM's global marketing chief, Joel Ewanick. The reason given out at the time was Ewanick not meeting up to expectations. A day after his departure, a report from Bloomberg said Ewanick's departure was due to a review of a recent sponsorship agreement that didn't meet company policy. A week later, a new report from Bloomberg sheds some more light on why Ewanick was kicked out. The recent sponsorship agreement in question was a partnership between Chevrolet and U.K. soccer team Manchester United. The agreement, lasting till 2021, would have GM shelling out $18.6 million for this and next year, rising to roughly $70 million in 2014, and increasing 2.1% after that. Total cost of the deal: $559 million. This would have been ok if Ewanick hadn't spread the cost out to other marketing budgets and disclosing a price that was much less than the $559 million. A source tells Bloomberg that a whistle-blower came forward questioning certain aspects of the agreement between GM and Manchester United. An internal investigation was launched and found that the total cost was much higher and hidden in other budgets. Ewanick denied he was hiding anything about the deal during the investigation, but that soon unraveled. Ewanick's resignation was announced on July 29th. Source: Bloomberg 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.
  14. William Maley Staff Writer - CheersandGears.com August 4, 2012 "In recent weeks, you have seen that we do not hesitate to act when change is required to make the business stronger." Those words coming out of General Motors CEO Dan Akerson during a conference call with reporters this week. Akerson was referencing the recent outings of Global Marketing Chief Joel Ewanick and Dave Lyon, who was to become VP of design at GM Europe. Akerson went on to say, "from time to time, it will mean parting company with people who are not delivering expected results, or alternatively, who don't meet the highest standards for accountability or integrity." In terms of making the business strong, GM needs some help. Second quarter results saw revenue and net income drop when compared to the same time last year. Chalk the losses to the uneasy economy in Europe and Japanese Automakers coming back strongly after last year's earthquake. Source: The Detroit News 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. View full article
  15. William Maley Staff Writer - CheersandGears.com August 4, 2012 "In recent weeks, you have seen that we do not hesitate to act when change is required to make the business stronger." Those words coming out of General Motors CEO Dan Akerson during a conference call with reporters this week. Akerson was referencing the recent outings of Global Marketing Chief Joel Ewanick and Dave Lyon, who was to become VP of design at GM Europe. Akerson went on to say, "from time to time, it will mean parting company with people who are not delivering expected results, or alternatively, who don't meet the highest standards for accountability or integrity." In terms of making the business strong, GM needs some help. Second quarter results saw revenue and net income drop when compared to the same time last year. Chalk the losses to the uneasy economy in Europe and Japanese Automakers coming back strongly after last year's earthquake. Source: The Detroit News 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.
  16. William Maley Staff Writer - CheersandGears.com July 29, 2012 Automotive News reports General Motor's global marketing chief, Joel Ewanick is leaving. The reason according to General Motors is Ewanick didn't meet expectations. GM hired Ewanick back in May 2010. Prior to this, he worked at Nissan for two months. Before Nissan, Ewanick worked at Hyundai where he was the chief of marketing and is credited with creating Hyundai Assurance, which allowed owners that lost their jobs to return their vehicles. During his tenure, Ewanick led a consolidation of marketing and advertising agency work at GM. The biggest consolidation to place last spring when Chevrolet's marketing was moved from many agencies to just one, Commonwealth of Detroit. Ewanick has also been in the spotlight for some controversial decisions and statements. Back in September 2010, Chevrolet launched the "Chevy Runs Deep" tagline. Critics have said the tagline doesn't really give Chevrolet a narrative. The tagline has been under review since then. Then in May, Ewanick expressed concern about the effectiveness of advertising on Facebook and comfirmed that GM would pull their advertising from the site. Also, Ewanick revealed that GM would not be advertising during next year's Super Bowl. Both of these comments caught officials off guard and caused GM to go into damage control. Ewanick's interm replacement is Alan Batey, GM's Vice President of U.S. Sales and Service. Source: Automotive News (Subscription Required), Twitter, 2 Updated: July 30, 2012:​ Bloomberg reports that GM executives asked for Ewanick's resignation after a review of a sponsorship agreement that failed to meet company policies. "It has been a privilege & honor to work with the GM Team and to be a small part of Detroit's turnaround. I wish everyone at GM all the best," Ewanick said on his twitter account last night. Source: Bloomberg, Twitter View full article
  17. William Maley Staff Writer - CheersandGears.com July 29, 2012 Automotive News reports General Motor's global marketing chief, Joel Ewanick is leaving. The reason according to General Motors is Ewanick didn't meet expectations. GM hired Ewanick back in May 2010. Prior to this, he worked at Nissan for two months. Before Nissan, Ewanick worked at Hyundai where he was the chief of marketing and is credited with creating Hyundai Assurance, which allowed owners that lost their jobs to return their vehicles. During his tenure, Ewanick led a consolidation of marketing and advertising agency work at GM. The biggest consolidation to place last spring when Chevrolet's marketing was moved from many agencies to just one, Commonwealth of Detroit. Ewanick has also been in the spotlight for some controversial decisions and statements. Back in September 2010, Chevrolet launched the "Chevy Runs Deep" tagline. Critics have said the tagline doesn't really give Chevrolet a narrative. The tagline has been under review since then. Then in May, Ewanick expressed concern about the effectiveness of advertising on Facebook and comfirmed that GM would pull their advertising from the site. Also, Ewanick revealed that GM would not be advertising during next year's Super Bowl. Both of these comments caught officials off guard and caused GM to go into damage control. Ewanick's interm replacement is Alan Batey, GM's Vice President of U.S. Sales and Service. Source: Automotive News (Subscription Required), Twitter, 2 Updated: July 30, 2012:​ Bloomberg reports that GM executives asked for Ewanick's resignation after a review of a sponsorship agreement that failed to meet company policies. "It has been a privilege & honor to work with the GM Team and to be a small part of Detroit's turnaround. I wish everyone at GM all the best," Ewanick said on his twitter account last night. Source: Bloomberg, Twitter
  18. So I have been spending some time looking at CNG Fueling stations. I was going to bring this up on the thread I remeber on this site about anouncing that GM was starting to sell CNG trucks/suv's or something to that line. So currently here in Washington, NG is at $2 per Thousand Cubic feet. So what would the ROI be on changing over? Your looking at about 500-1000 for a cng conversion kit for your auto and about $5000 for a home fueling kit. The current thought is this make the best sense for America to kick the Oil Habit, we need a stepping stone to the eventual holy grail of Pure Electric. Since the US has the 2nd largest reserves of NG in the world and most people have NG at their house, it would tend to make sense for people to install a CNG home fueling system and if they do not want to deal with fueling overnight, get a holding tank so it can fill up the tank with CNG and this would give you a fast typical 3-5 min fueling time. Here is a site that breaks down details at the time of CNG ROI based on January 2011. http://www.mudomaha.com/naturalgas/pdfs/cng.faq.pdf One thing is the crazy high cost of a conversion kit as I have found them much cheaper than stated here. Also the stated cost of a $1.78 per gallon. The same gallon of CNG give the same as a gallon of gas. if you drive 12000 miles a year at $4 a gallon at an average MPG of 25 you use 480 gallons of gas at $1920 fuel bill yearly. 12000 miles a year at $1.78 per CNG gallon (local CNG Pump) at 25MPG using 480 gallons of CNG equals $854.40 per fuel bill for the year. 12000 miles a year at .86 per CNG gallon (home) at 25MPG using 480 gallons of CNG equals $412.80 per fuel bill for the year. With a average additional cost of $5K for the vehicle and about $5K for the Fueling system at home does it make sense for you to conver over? If you go with CNG but no home fueling station, you end up with about 4 1/2 years for ROI. If you go with CNG and Home Fueling station you end up with about 6 1/2 years for ROI. So DOES it make sense to convert or change your vehicles over to driving CNG for you????? http://www.cngprices.com/index.php CURRENT CAR LIST Honda Civc GX (factory CNG) Chevy Impala (2010) Chevy Silverado (2010-2012, 5.3 or 6L) Chevy Savana (2010) Ford Transit Connect (2010-2012) Ford Crown Victoria (2010-1011) Ford F150 (2010-2012) Ford F250/350 (2011-2012) Ford E450 (2011-2012) Ford Escape (2011-2012) Izusu NPR (2012)
  19. GM Reports June U.S. Sales up 16 percent DETROIT – General Motors Co. (NYSE: GM) today reported June sales of 248,750 vehicles in the United States, up 16 percent year over year and the company’s highest sales since September 2008. Chevrolet, Buick, GMC and Cadillac all reported double-digit increases. “Across the board, June was a strong month for GM,” said Kurt McNeil, vice president, U.S. Sales Operations. “The combination of new products, available credit, lower fuel prices and modest economic growth was a stronger influence on consumer behavior than economic and political uncertainty." For the month, GM passenger car sales were up 12 percent year over year, thanks to a 32 percent increase in Chevrolet Malibu sales and a 21 percent increase in Buick LaCrosse sales. Combined sales of all seven Chevrolet, Buick, GMC and Cadillac crossovers were up 30 percent versus a year ago. Truck sales were up 11 percent, with all pickup, van and SUV segments up year over year. Retail deliveries were up 8 percent year over year. Fleet deliveries were up 36 percent versus a year ago due in part to the timing of customer deliveries. In July, fleet volumes and mix are expected be down month over month and year over year. GM’s newest vehicles continue to perform well. Sales of the Buick Verano were 4,091 in June, and have increased each month since the car launched in December 2011. Chevrolet Sonic sales were 6,785 units and it is the retail sales leader in its segment. The new Cadillac XTS began arriving in showrooms in June, and dealers delivered more than 750 vehicles. Over the course of 2012 and 2013, 70 percent of GM’s nameplates will be all-new or redesigned.
  20. GM Reports June U.S. Sales up 16 percent DETROIT – General Motors Co. (NYSE: GM) today reported June sales of 248,750 vehicles in the United States, up 16 percent year over year and the company’s highest sales since September 2008. Chevrolet, Buick, GMC and Cadillac all reported double-digit increases. “Across the board, June was a strong month for GM,” said Kurt McNeil, vice president, U.S. Sales Operations. “The combination of new products, available credit, lower fuel prices and modest economic growth was a stronger influence on consumer behavior than economic and political uncertainty." For the month, GM passenger car sales were up 12 percent year over year, thanks to a 32 percent increase in Chevrolet Malibu sales and a 21 percent increase in Buick LaCrosse sales. Combined sales of all seven Chevrolet, Buick, GMC and Cadillac crossovers were up 30 percent versus a year ago. Truck sales were up 11 percent, with all pickup, van and SUV segments up year over year. Retail deliveries were up 8 percent year over year. Fleet deliveries were up 36 percent versus a year ago due in part to the timing of customer deliveries. In July, fleet volumes and mix are expected be down month over month and year over year. GM’s newest vehicles continue to perform well. Sales of the Buick Verano were 4,091 in June, and have increased each month since the car launched in December 2011. Chevrolet Sonic sales were 6,785 units and it is the retail sales leader in its segment. The new Cadillac XTS began arriving in showrooms in June, and dealers delivered more than 750 vehicles. Over the course of 2012 and 2013, 70 percent of GM’s nameplates will be all-new or redesigned. View full article
  21. Does anyone know how to locate part numbers for older GM vehicles?
  22. Consumer Reports Release Their Annual Car Reliability Survey: Ford Down, Chrysler Up William Maley - Editor/Reporter - CheersandGears.com October 27, 2011 Consumer Reports released their annual Car Reliability Survey and the results were not kind to Ford. The blue oval saw their ranking drop from 10th to 20th on the survey due to three models; the new Explorer, Focus and Fiesta. Each of the three vehicles were ranked below average in reliability during their first year on the market due to issues with MyFord Touch and the dual-clutch transmissions in the Fiesta and Focus. General Motors also saw a drop in rating with Buick, Cadillac, and GMC. Chevrolet was the only brand for GM to stay where it was at. The big shock was Chrysler which saw it, Dodge, and Jeep go up dramatically on CR’s survey. Chrysler can thank the 200, Dodge Durango, and Jeep Grand Cherokee which all got good results. However, Consumer Reports says the big three still have their problems. Out of the 97 domestic cars in the survey, 35 cars were below average. Source: Consumer Reports

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×
×
  • Create New...