NADA Statement on GM's Emergence From Bankruptcy
Jul 10, 2009
MCLEAN, Va., July 10 /PRNewswire-USNewswire/ -- The following is a statement from John McEleney, chairman of the National Automobile Dealers Association, on General Motor's emergence from bankruptcy: "This has been a difficult and wrenching process for everyone involved. Obviously, for GM to get out of bankruptcy so qu ... 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 China to Continue Operations Under New GM
Jul 7, 2009
GM China to continue operations under new GM Shanghai, July 7 GM China Group said in a statement on Monday that an U.S. Bankruptcy Judge has approved the sale of GM's assets to a government funded new GM, allowing the company's most profitable assets to exit bankruptcy protection under government ownership. Robert Gerb ... 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
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
Buick Unveils 2010 LaCrosse in Live Internet eVent - COMPLETE VIDEO
Jun 22, 2009
DETROIT - June 22, 2009: Buick is conducting an innovative LIVE Internet introduction for the media of it's new 2010 LaCrosse. TheAutoChannel.com will be presenting the information for all interested persons as fast as we can. Click on the following videos for background information on the 2010 LaCrosse. ... Continue reading
Shanghai GM Sells 2 Millionth Buick in China
Jun 22, 2009
The 2 millionth Buick sold in China by Shanghai GM, a red New Regal sedan, was delivered today to its owner in the southern city of Guangzhou. ... Continue reading
Buick to Use Virtual eVent Monday to Unveil New LaCrosse - VIDEO ENHANCED
Jun 21, 2009
DETROIT - June 21, 2009: The new 2010 Buick LaCrosse will debut tomorrow at 12 Noon EDT via a special online media presentation. Susan Docherty, GM North America Vice President, Buick-Pontiac-GMC; Ed Welburn, Vice President of Global Design; and Jim Federico, Global Vehicle Line Executive â Midsize Cars. ... 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
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
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
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