Posts Tagged ‘General Motors’

Obama to pitch early success of auto bailouts

President Obama visits Michigan – the heart of the U.S. auto industry – today on a mission to convince taxpayers that their investment in the bailouts of General Motors Co. and Chrysler Group LLC will bring a return.

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Obama: Auto industry revival justifies bailouts

President Barack Obama, in the heart of the U.S. auto industry, told a crowd of workers that the government bailouts of General Motors Co. and Chrysler Group LLC are giving taxpayers a return on their investment.

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Ford cuts 400 jobs at Canadian engine plant

About 400 workers at Ford’s engine plant in Windsor, Ontario, will lose their jobs as Ford completes a planned move to a single shift. Ford made the announcement a day after General Motors shuttered its transmission plant in the city.

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GM rebuilds credit, readies IPO

General Motors Co.’s acquisition of subprime lender AmeriCredit Corp. for $3.5 billion later this year could be the first step toward creating a full-blown captive finance company.

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Rejected dealers consider congressional action after U.S. audit of GM, Chrysler terminations

A group of activist dealers rejected in the Chrysler and General Motors bankruptcies is contemplating going back to Congress to seek justice after a federal audit questioned the criteria used to terminate dealers, as well as the automakers’ claims…

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Volt ads will test GM, new marketing chief

General Motors has begun advertising for one of the most highly anticipated model launches in years, the Chevrolet Volt plug-in hybrid. The ‘Shattering Status Quo’ campaign teases the Volt and will be a big test for GM’s new U.S.

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GM idles 3 more plants because of hurricane-related parts shortages

General Motors on Friday idled production at three more U.S. assembly plants, bringing to six the number of plant production stoppages this week caused by a shortage of parts from Mexico.

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Final dealer arbitration case today; final rulings due within 10 days

With a final arbitration case scheduled for today, the last remaining shuttered dealership seeking to be reinstated by GM or Chrysler will learn their fate in the next 10 days. Hundreds of General Motors Co.

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Last dealer arbitration case today; all rulings due within 10 days

With a final arbitration case scheduled for today, the last remaining shuttered dealerships seeking to be reinstated by GM or Chrysler will learn their fate in the next 10 days. Hundreds of General Motors Co.

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GM says Volt battery system will have 8-year, 100,000-mile warranty

General Motors Co., preparing to launch the first U.S. mass-market plug-in hybrid, will offer buyers of its Chevrolet Volt an eight-year, 100,000-mile warranty on the lithium-ion battery’s 161 components.

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GM readies warranty announcement on Volt batteries, News says

General Motors is preparing to announce plans for warranty coverage on the Chevrolet Volt’s lithium-ion batteries, The Detroit News reported.

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Chevrolet offers Corvette buyers the opportunity to build the engine for their cars

Chevrolet Corvette buyers can already take delivery of their car at the National Corvette Museum, get professional driver training and watch their cars being built. Now, General Motors Co. will let them build the engine.

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GM Foundation, dealers accelerate Haiti relief efforts

The General Motors Foundation announced yesterday it is donating 30 GMC trucks for relief efforts in Haiti. The pickups are scheduled to arrive by mid-February.

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U.S. dealership losses hits record 1,605 in 2009

Turmoil at General Motors Co. and Chrysler Group and the industry sales collapse caused a record number of dealership closures in 2009, consulting firm Urban Science said Wednesday.

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GM pulls back from NADA

Soon after General Motors execs Ed Whitacre and Mark Reuss met with National Automobile Dealers Association officials to blame NADA for legislation that mandated arbitration for rejected GM dealers, GM drastically slashed its plans for next month’s…

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Detroit’s dismal decade

What a difference a decade makes. Remember 2000, when General Motors, Ford Motor Co. and Chrysler Group controlled nearly two-thirds of a whopping 17.

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Mich. joins Calif. as initial market for Volt

The Chevrolet Volt plug-in hybrid will launch in Michigan, joining California as a market that will get the car initially, General Motors Co. said today.

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GM to produce Cadillac Converj with Volt’s plug-in technology

General Motors Co. will produce the Cadillac Converj plug-in concept car introduced at last year’s Detroit auto show, Vice Chairman Bob Lutz said today at an analysts’ meeting.

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GM criticized for winding down Saab despite bids to buy brand

General Motors Co. was criticized in Sweden after the U.S. automaker named a restructuring firm to run the winding-down of Saab even as it reviewed several bids which included an offer from Formula One supremo Bernie Ecclestone.

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GM hands $270 million Cadillac account to Bartle Bogle Hegarty

General Motors Co. said today it has chosen Bartle Bogle Hegarty, New York, as its new Cadillac creative agency after a review that began in October. The shop succeeds Boston-based indie Modernista, which worked on the account for three years.

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GM hires AlixPartners to wind down Saab

General Motors Co. today said it had selected corporate restructuring firm AlixPartners to oversee the wind down of Saab. GM also said it will continue to evaluate proposals to buy Saab.

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Fresh hope for Saab as F1 boss Ecclestone joins bidders

Investment group Genii Capital said today it has made an offer for Saab with Formula One motor racing boss Bernie Ecclestone. Genii’s offer was one of three late bids for the Swedish brand, which owner General Motors Co.

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How Saab got here: Pivotal recent events

Saab’s future remains unclear as parent General Motors Co. considers last-ditch bids from Sweden and the Netherlands. While the bidders are reviewed, GM says it will start winding down the 60-year-old automaker. It has been a very busy year for Saab.

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Dutch carmaker Spyker sweetens bid for Saab

Dutch luxury carmaker Spyker submitted an improved bid for Sweden’s Saab to General Motors Co. on Thursday, just ahead of a key deadline that could prompt closure of the brand.

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Dutch carmaker Spyker sweetens bid for Saab

Dutch luxury carmaker Spyker submitted an improved bid for Sweden’s Saab to General Motors Co. on Thursday, just ahead of a key deadline that could prompt closure of the brand.

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