Newly Ratified GM-UAW 2007 National Labor Agreement Modifications Eliminate Competitive Gap for GM
May 29, 2009
DETROIT - May 29, 2009: General Motors today confirmed that its UAW-represented employees have ratified the modifications to the GM-UAW 2007 National Labor Agreement. The amended agreement covers approximately 54,000 hourly employees located in 46 U.S. facilities. "The leadership demonstrated by UAW president Ron Gette ... Continue reading
Mitsubishi Interested in Supplying Vehicles to Saturn Dealerships
May 22, 2009
Washington DC May 22, 2009; The AIADA newsletter reported that according to The Detroit News, Japanese automaker Mitsubishi Motors Corp. is in talks to supply vehicles to Saturn dealers if the brand and dealer network is sold this year. Mitsubishi is among several manufacturers, including Nissan, talking to parties int ... Continue reading
Kelley Blue Book's Kbb.Com Names Their Top 10 Road Trip Cars of 2009
May 21, 2009
Kbb.com Editors Offer Their Top New Car Choices for Road Trips in a Variety of Categories IRVINE, Calif., May 21 -- The Top 10 Road Trip Cars of 2009, www.kbb.com/roadtripcars2009, were named today by the expert editors from Kelley Blue Book, www.kbb.com, the leading provider of new car and used car information. Memori ... Continue reading
Roger Penske Still Looking into Possible Bid for Saturn
May 8, 2009
INDIANAPOLIS May 8, 2009; The AP reported that Roger Penske said Friday that he know he's operating in a "short time frame" if he wants to bid for the Saturn brand of General Motors Corp. Penske said his company, Bloomfield Hills, Mich.-based Penske Automotive Group Inc., hasn't yet made an offer for Saturn. Penske Aut ... Continue reading
Plug-in SUV From GM Coming in 2011
May 6, 2009
GM says plug-in hybrid coming by early 2011 even if Saturn brand goes away DETROIT May 5, 2009; The AP reported that General Motors' new product development chief says it will have a plug-in hybrid sport utility vehicle ready for fleet testing in early 2011. The SUV was supposed to be a Saturn Vue Green Line, but GM ha ... Continue reading
Penske Automotive Interested in GM's Saturn Brand
May 5, 2009
DETROIT, May 5, 2009; Soyoung Kim writing for Reuters reported that Penske Automotive Group (PAG.N), the No.2 U.S. dealership group, said on Tuesday it is interested in acquiring General Motors Corp's (GM.N) Saturn brand and distribution network in a bid to grow its business. Penske, which has 310 retail automotive fra ... Continue reading
Fiat Looking to Pickup GM Europe Units to Create New Super-Fiat Company
May 3, 2009
ROME - May 3, 2009: AP is reporting that Fiat is in talks with General Motors Europe to acquire most, if not all of GM's European brands. According to the AP story, "Fiat said in a statement Sunday it's evaluating the possible spinoff of its auto business to form the core of the new company." The current Fiat Automobil ... Continue reading
Apr 28, 2009
DETROIT April 8, 2009; Tom Krisher writing for AP reported that General Motors Corp.'s Saturn brand will either be sold or phased out by the end of this year, nearly two years faster than previously announced, the brand's top executive said Tuesday. Saturn General Manager Jill Lajdziak said the brand, once billed as a ... Continue reading
GM President and CEO Fritz Henderson Updates Media on Revised GM Viability Plan - COMPLETE VIDEO
Apr 27, 2009
DETROIT - April 26, 2009: General Motors President and CEO Fritz Henderson will host a press conference on Monday, April 27, to update the media on GM's revised viability plan. The press conference will run from 9 to 10 a.m. EDT in the Renaissance Conference Center located in Tower 300, Level 2, of the Renaissance Cent ... Continue reading
GM's Updated Viability Plan Speeds, Deepens Restructuring of U.S. Operations
Apr 27, 2009
DETROIT -- General Motors today presented an updated Viability Plan that will speed the reinvention of GM's U.S. operations into a leaner, more customer-focused, and more cost-competitive automaker. The Viability Plan is included in an exchange offer whereby GM is offering certain bondholders shares of GM common stock ... Continue reading
GM Launches Exchange Offers and Consent Solicitations for Outstanding Notes
Apr 27, 2009
Common stock plus accrued interest in cash offered for $27 billion of outstanding public debt Successful exchange to result in at least $44 billion reduction in total liabilities from bondholders, U.S. Treasury and VEBA Bondholders to own 10 percent of GM after successful exchange offer Exchange contingent on VEBA modi ... Continue reading
GM to Announce Brand Changes, Restructuring Moves
Apr 27, 2009
GM to hold news conference 9 AM Monday to announce brand changes, restructuring moves DETROIT April 26, 2009; Tom Krisher writing for the AP reported that General Motors Corp. will announce details of its massive restructuring plan on Monday, including the demise of its storied Pontiac brand, more factory closures and ... Continue reading
GM Owners Brand Loyaty Tested By Financial Problems
Apr 24, 2009
MILWAUKEE April 23, 2009; Emily Fredrix writing for the AP reported that there seemed little chance U.S. car makers could look any worse, but moves like General Motors' announcement Thursday that it will cut production this summer risk scaring off remaining potential customers and eroding decades of brand loyalty. When ... Continue reading
GM Recalling 1.5 million Vehicles
Apr 13, 2009
WASHINGTON April 13, 2009; The AP reported that General Motors Corp. is recalling 1.5 million vehicles because of potential engine fires. GM says there have been no reports of any fires or injuries. Some of the recalled vehicles are no longer in production. The recall includes the 1998-1999 Oldsmobile Intrigue, the 199 ... Continue reading
Many Questions Left Unanswered in General Motors Apparent Plans
Apr 13, 2009
AUTO CENTRAL - April 13, 2009: In addition to the confusion over the recent GM announcement concerning their intention to âclearly focusâ on four core brands (when they then go on to enumerate five), or why they would embroil themselves in a whole new direction with Segway, there are several significant gaps ... Continue reading
The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.
