Feb 19, 2009
DETROIT - February 19, 2009: GM and Chrysler have offered up their plans for viability to the U.S. Treasury ... now what? Join John McElroy and three of the foremost automotive journalists/analysts in America as they discuss what the future holds for these troubled automakers and whether GM and Chrysler can even surviv ... Continue reading
GM Reports 129,227 Deliveries in January 2009...Down 49 Percent vs Jan 08
Feb 3, 2009
New products and GMAC financing help stabilize retail share above 21 percent for the second consecutive month Cars and crossovers were 65 percent of GM retail vehicles sold "Presidents Day Sale" begins with 0 percent APR or bonus cash offers on select vehicles for qualified buyers DETROIT - February 3, 2009: Driven by ... Continue reading
2009 Detroit Auto Show: GM Plays Brand Favorites
Jan 13, 2009
Most of the marketing money and new vehicles are going to Chevrolet, Cadillac, Buick, and GMC, while weaker brands starve By Deroit Auto Show, January 13, 2009; David Welch writing for BusisnessWeek reported that when you ask a General Motors (GM) executive about the company's plans to wind down four of its eight vehic ... Continue reading
Jan 12, 2009
GM will establish the first lithium-ion battery pack manufacturing facility in the United States operated by a major automaker LG Chem has been selected to supply the lithium-ion battery cells for the Chevrolet Volt Advanced battery strategy strengthens GM's capabilities to develop hybrid and electric vehicles GM will ... Continue reading
Dec 19, 2008
SAN FRANCISCO - December 19, 2009: Nationally known radio talk show host personality Michael Savage has been making quite a loud argument this afternoon that the reason for President Bush's decision to; a) forego "free-market" principles (even though he is a "free-market" president) and to act socialistically, and b) p ... Continue reading
GM Gets $9.4 Billion and Chrysler $4 Billion in Bridge Loans from U.S.
Dec 19, 2008
WASHINGTON - December 19, 2008: After a final late-night negotiation session, the White House has announced a plan that will provide $13.4 billion to two of the three Detroit Automakers with the possibility of an additional $4 billion in February. Some early details are confusing, with words making it sound like $13.4 ... Continue reading
Bush Now Appears to Favor an "Orderly" Bankruptcy for Detroit Three
Dec 18, 2008
AUTO CENTRAL - December 18, 2008: In a live televised interview this morning President Bush talked about an "orderly" bankruptcy as the solution for the three American automakers, as opposed to making any specific announcement or decision to try and take some of the funds from the $700 billion bailout package (or what ... Continue reading
GM Chrysler Merger Talks Reopen
Dec 18, 2008
December 18, 2008; Ajay Kamalakaran writing for Reuters reported that General Motors (GM - News) and Chrysler have reopened merger talks, as Chrysler owner Cerberus Capital Management (CBS.UL) has signaled its willingness to give away part of its ownership in the auto maker, the Wall Street Journal said, citing people ... Continue reading
GM Announces Significant Production Cuts for Q1 '09
Dec 15, 2008
Moves In Direct Response to Rapidly Deteriorating Market Conditions DETROIT - General Motors announced today a significant reduction of planned production for the first quarter of 2009 due to the ongoing and severe drop in industry sales, which were down 36 percent in November overall and 41 percent for GM (2007 vs. 20 ... Continue reading
GM'S COMMITMENT TO THE AMERICAN PEOPLE
Dec 8, 2008
We deeply appreciate the Congress considering General Motors' request to borrow up to $18 billion from the United States. We want to be sure the American people know why we need it, what we'll do with it and how it will make GM viable for the long term. For a century, we have been serving your personal mobility needs, ... Continue reading
GM says it "disappointed" and "betrayed" consumers
Dec 8, 2008
DETROIT December 8, 2008; Kevin Krolicki writing for Reuters reported that General Motors Corp on Monday unveiled an unusually frank advertisement acknowledging it had "disappointed" and sometimes even "betrayed" American consumers as it lobbies to clinch the federal aid it needs to stay afloat into next month. The pri ... Continue reading
Nov 27, 2008
Wednesday November 26, 7:21 pm ET NEW YORK November 26, 2008; Jonathan Stempel writing for Reuters reported that the automaker General Motors Corp is mulling whether to shed its Pontiac, Saab and Saturn brands, as well as its Hummer brand, as part of a plan to win $12 billion of U.S. government loans, Bloomberg News sa ... Continue reading
Why It's Essential for Congress to Provide Financial Stimulus to the U.S. Auto Industry
Nov 26, 2008
The Fate of the Industrialized World Hangs In the Balance This Is Not Merely Issue of Protecting a Segment of the Work Force; itâs an Issue of Societal Progress By Marc J. Rauch Exec. Vice President/Co-Publisher Innovation has almost always been the stimulus to advance human civilization. Sometimes the innovations ... Continue reading
Denying Big Three a Bailout Can Be a Historic Opportunity to Get America off Oil and Save Detroit
Nov 18, 2008
By Edwin Black The impulse to accede to political pressure and jobs blackmail from the Big Three for a $25 billion bailout offers America a historic turning-point opportunity. This is the countryâs chance to both reform the auto industry and ignite a massive shift off of oil in one master stroke. How? The $25 bill ... Continue reading
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