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
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
"New" GM Cancels Malibu Hybrid
Jun 12, 2009
GM cancels gas-electric mild hybrid in Malibu, working on system with better gas mileage DETROIT June 11, 2009; The AP reported that General Motors Corp. will stop making Chevrolet Malibus and Saturn Auras with an early generation gas-electric hybrid engine system, but engineers are working on a more-efficient version ... 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
GM Statement Re: Recent Changes in GM Stock Price and Volume
Jun 10, 2009
DETROIT, June 10 -- GM management has noticed a recent elevation in the volume and price of its common stock. While GM does not control the market or its stock price, GM management strongly believes that any recovery for the common stockholders in the chapter 11 bankruptcy process is highly unlikely, even under the mos ... Continue reading
Survey Shows Public Wary Of Government Running Auto Companies
Jun 10, 2009
<b>More Than Half of Consumers Think Auto Companiesâ Bailouts were Bad Idea</b> TUSTIN, June 10, 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 ... Continue reading
GSA Orders $210 Million Worth of Fuel Efficient Vehicles
Jun 9, 2009
WASHINGTON, June 9 2009: â The U.S. General Services Administration is one step closer to fulfilling its responsibilities outlined in President Obamaâs economic recovery legislation. On June 1, 2009, the agency ordered 14,105 fuel efficient vehicles for the Federal fleet using $210 million of funds from the A ... Continue reading
NADA Statement on GM's Revised Participation Agreement
Jun 9, 2009
MCLEAN, Va., June 8 /PRNewswire-USNewswire/ -- The National Automobile Dealers Association (NADA) has reviewed and supports GM's amendments to the Participation Letter Agreement. We're especially pleased that GM moved so quickly to meet with NADA and the GM National Dealer Council on such short notice to review and to ... Continue reading
2010 Chevrolet Camaro - The Legend Returns
Jun 8, 2009
The wait is finally over. After an eight-year hiatus the legendary Chevrolet Camaro, with its combination of great looks, incredible performance and advanced technology, is now in the region. Around 50 motoring journalists from across the region were the first people to experience the rich heritage and modern design fo ... Continue reading
2009 Chevrolet Silverado Hybrid Review
Jun 7, 2009
On the one hand, everyone who knows anything about pickups knows what the Chevrolet Silverado is and what its competition is. ... Continue reading
Auto Ads Down By $1.1 Billion In First Quarter
Jun 6, 2009
<b>By Claire Atkinson -- Broadcasting & Cable</b> <b>GM consolidation to take auto ad category down by $1.3 billion, but there's good news for stations</b> New York, June 4, 2009: The General Motors focus on four auto brands, rather than eight, will reduce auto advertising by $1.3 billion, says senior analyst Michael N ... Continue reading
Chevrolet UK Sales Spring Forward Yet Again!
Jun 5, 2009
Spring was definitely in the air at Chevrolet retailers throughout May, as customers' increasing demands for great value for money without compromise led to yet another impressive increase in sales. ... Continue reading
Jun 3, 2009
WILMINGTON, Del.--Wilmington Trust, a leading provider of institutional trustee, agency, and administrative services through its Corporate Client Services (CCS) business, said today that it has been appointed by the United States Trustee to the unsecured creditorsâ committee in the bankruptcy of General Motors Cor ... Continue reading
Jun 3, 2009
<b>Robert Snell</b> Writing for the The Detroit News, Robert Snell says that General Motors Corp. is eliminating more dealers than initially reported and taking a tough stance with the rest of its retailers who must agree to stricter sales and performance targets or be eliminated in bankruptcy court. Dealers nationwide ... Continue reading
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