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
GM Pulls Ahead U.S. Plant Closures; Reaffirms Intent to Build Future Small Car in U.S.
Jun 1, 2009
14 U.S. Manufacturing Plants & Three Service and Parts Operations Warehouses Impacted DETROIT, Mich. -- General Motors Corp. today announced details of its accelerated manufacturing plan to improve capacity utilization and flexibility for the New GM. GM also reaffirmed it will build a small car at one of its U.S. assem ... Continue reading
GMAC Financial Services Statement on General Motors Chapter 11 Filing
Jun 1, 2009
DETROIT, June 1 -- GMAC Financial Services is a creditor of General Motors Corp. (GM) and as such is taking the appropriate steps to protect GMAC's interests during GM's restructuring. GM has submitted a motion to the U.S. Bankruptcy Court that, pending approval, would allow its direct business with GMAC to continue in ... Continue reading
President Obama to Hold Media Briefing Prior to General Motors' BK Press Conference
May 31, 2009
WASHINGTON - May 31, 2009: According to a White House media advisory, President Obama will begin his remarks at approximately 11:55 a.m. EDT. General Motors Corp. President and CEO, Fritz Henderson, will host a press conference, beginning immediately following President Obama's media briefing. ... Continue reading
AP Reports That Monday is Definitely "B-Day" for General Motors
May 31, 2009
DETROIT - May 31, 2009: The Associated Press is reporting tonight that tomorrow morning, at 8AM EDT, the company that was once the world's largest, will file for bankruptcy protection. According to the story, GM plans to name turnaround executive Al Koch to serve as its chief restructuring officer through the protectio ... Continue reading
GM President and CEO Fritz Henderson to Hold Media Briefing Monday - Will This Be THE Announcement?
May 31, 2009
DETROIT - May 29, 2009: General Motors President and CEO Fritz Henderson will host a press conference on Monday, June 1. The conference will be around mid-day at the GM Building, 767 Fifth Avenue, in New York. Although no specific details regarding the briefing have been announced, given the fast and furious rumors of ... Continue reading
Schwarzenegger Introduces Raser's 100-MPG Electric Hummer H3 - EXCLUSIVE VIDEO
May 29, 2009
By Marc J. Rauch Exec. Vice President/Co-Publisher SACRAMENTO â May 29, 2009: Californiaâs Governor Arnold Schwarzenegger presented Raser Technologiesâ (up to) 100 MPG Hummer H3 at a press conference yesterday afternoon before a small but enthusiastic crowd. The introduction of this electric-hybrid SUV i ... Continue reading
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
GM Announces Plans to Build Small Car in U.S.
May 29, 2009
GM to utilize and retool idled assembly and stamping facility for future production. Additional production will help the company deliver outstanding new vehicles to the compact and small car markets and meet future fuel efficiency regulations. DETROIT, Mich. -- General Motors Corporation announced today it plans to bui ... Continue reading
Corvette ZR-1 for Prince Albert von Thurn und Taxis
May 26, 2009
Prince Albert von Thurn und Taxis, offspring of one of Germany's old and wealthy noble families took delivery these days of a new Corvette ZR-1 in Bonstetten, Switzerland. For successful race driver Prince Albert, the ZR-1, latest and most powerful product of the legendary American sports car brand, is a 'must have' ca ... Continue reading
Bigger Cars Equal Bigger Savings With Scrap Programmes at Chevrolet
May 22, 2009
Chevrolet has long given you more car for your money, but now it's offering you more money for your car as well... Customers ordering a new family-sized Chevrolet from participating retailers before the end of June are set to benefit from even bigger discounts on top of the £2,000 cash-for-scrap funding announced by t ... 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
Award-winning Chevrolet Artists meet Film and Photo Professionals
May 18, 2009
Since 2007, Chevrolet has awarded the winners of its European YCC applied arts contest (Young? Creative? Chevrolet!) with a cash prize and the opportunity to experience professionals at work. Chevrolet believes that being at the heart of the action is the best way for students to develop their talents and prepare for t ... Continue reading
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