GM and eBay Partner in California
Jul 10, 2009
DETROIT, Jul 10, 2009; (Reuters) - General Motors (GMGMQ.PK) and its dealers will test a partnership with eBay Inc (EBAY.O) in California that allows customers to bid on new vehicles or buy them at a predetermined price online, the automaker said on Friday. "We'll be testing this and other ideas with our dealers over t ... Continue reading
Jul 10, 2009
Washington DC July 10, 2009; The AIADA newsletter reported that General Motors Co. completed the paperwork, and its good assets exited bankruptcy at 6:30 a.m. this morning. According to the Detroit News, the new company also announced a shake-up of its management team, eliminating its North American president position ... Continue reading
GM Asset Sale Approved by U.S. Bankruptcy Court
Jul 6, 2009
Approval marks another step toward the launch of an independent new GM NEW YORK - July 6, 2009: General Motors achieved another milestone in its reinvention last night when Judge Robert E. Gerber of the U.S. Bankruptcy Court for the Southern District of New York approved the sale of substantially all of General Motors ... Continue reading
NUMMI - Toyota and GM Cut Ties
Jun 30, 2009
DETROIT, June 29, 2009; Kevin Krolicki writing for Reuters reported that General Motors Corp cut operational ties on Monday to a northern California auto plant it had operated in a joint-venture with Toyota Motor Corp for a quarter of a century. The move deepens uncertainty over the future of the plant that employs ove ... Continue reading
GM: We Have No Product for Toyota NUMMI Joint-venture
Jun 26, 2009
DETROIT, June 26, 2009; Kevin Krolicki writing for Reuters reported that General Motors Corp has not found a vehicle it could produce at a joint-venture factory it operates with Toyota Motor Corp (7203.T) in California, a senior GM executive said on Friday. Troy Clarke, GM's president of North American operations, said ... Continue reading
U.S. Automakers Closing the Gap with Overseas Competitors - VIDEO STORY
Jun 23, 2009
DETROIT - June 23, 2009: The newly released annual J.D. Power and Associates Automotive Initial Quality Survey shows a closing gap between foreign and domestic cars. Over the last two decades, foreign automakers have developed a reputation for producing better cars than their North American competitors, often outrankin ... Continue reading
Complete 2010 General Motors Product Guide for the United States
Jun 20, 2009
A Leaner, Greener, Reinvented General Motors Launches Six All-New Models in North America for 2010 DETROIT â June 10, 2009: General Motors begins its new chapter with the introduction of six all-new 2010 models that combine leading-edge design, technology, engineering excellence and quality, backed by the most com ... Continue reading
Jun 19, 2009
DETROIT - June 19, 2009: Although the U.S. Government has guaranteed the warranties of all General Motors vehicles during its reorganization period, some consumers are still worried about car servicing and resale value. However, despite dealership closings and brands disappearing, GM will still have the largest dealer ... Continue reading
General Motors Statement Regarding Discontinuation of Pontiac Vibe Production at NUMMI Facility
Jun 19, 2009
Attributable to Troy Clarke, President, General Motors North America As part of its long-term viability plan and recent decision to phase out the Pontiac brand, General Motors has decided to discontinue production of the Pontiac Vibe by the end of August 2009. The Vibe is produced at the New United Motor Manufacturing ... Continue reading
OJT: New GM Board Chair Vows to "Learn About Cars"
Jun 14, 2009
New York June 10, 2009; Amy Thomson and Katie Merx writing for Bloomberg reported that Edward E. Whitacre Jr. built AT&T Inc. into the biggest U.S. provider of telephone service over a 43-year-career. By his own admission, he becomes chairman of General Motors Corp. knowing nothing about the auto industry. The 6-foot-4 ... Continue reading
The Fox is Now Guarding the GM Henhouse
Jun 12, 2009
By Marc J. Rauch Exec. Vice President/Co-Publisher THE AUTO CHANNEL General Motors is in need of a complete overhaulâ¦obviously. They need to get rid of the dead-weight in both product and personnel, which they appear to be trying to do if you donât count Buick and Pontiac. They have to regain the trust of inv ... Continue reading
Survey Shows Public Wary of Government Running Auto Companies
Jun 11, 2009
More Than Half of Consumers Think Auto Companies' Bailouts were Bad Idea TUSTIN, CA - June 11, 2009: A just-completed national survey shows American consumers are skeptical of the U.S. governmentâs involvement in the auto industry, with 81 percent of respondents agreeing that the faster the government gets out of ... Continue reading
New Era in Autos as GM Set for Bankruptcy
Jun 1, 2009
Washington DC June 1, 2009; The AIADA newsletter reported that as GM prepared to file for bankruptcy, the question facing 56,000 auto workers, 3,600 GM dealers, and the Obama administration is: Will it work? According to the Wall Street Journal, the government, which will own a majority of the company, is wagering upwa ... Continue reading
General Motors' Board of Directors Statement
Jun 1, 2009
Attributable to Kent Kresa, Chairman DETROIT - June 1, 2009: âThe General Motors Board of Directors authorized the filing of a chapter 11 case with regret that this path proved necessary despite the best efforts of so many. Today marks a new beginning for General Motors. A court-supervised process and transfer of ... Continue reading
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