General Motors, Chrysler: Cutting Their Way to Greatness
May 18, 2009
Joel West SeekingAlpha May 17, 2009; The Big Three auto companies certainly arenât selling as many cars as they used to. As such, they need to reduce their fixed costs to more closely match their current revenues. Towards this end, the two sickest âU.S.â automakers are shedding dealers. Thursday, Chrysle ... Continue reading
OnStar Enhances Location Information With Electronic Transmission Directly to 911
May 14, 2009
OnStar to electronically transmit precise longitude and latitude vehicle location data directly to 911 centers to increase the speed and accuracy of emergency response to its subscribers. Currently this information is relayed verbally by OnStar advisors to the Public Safety Answering Point (PSAP). OnStar, the industry ... Continue reading
OnStar Enhances Emergency Response with Microsoft Virtual Earth
May 14, 2009
Latest 3D technology brings emergency locations to life DETROIT May 13, 2009; OnStar builds on its reputation for trailblazing emergency services by tapping technology from Microsoft Corp. to provide OnStar advisors with critical 3D details to more accurately guide first responders to hard-to-find or rural locations. A ... Continue reading
GM and Chrysler To Cut 3000 U.S. Dealers
May 13, 2009
DETROIT May 13, 2009; Soyoung Kim and John Crawley writing for Reuters reportesd that General Motors Corp and Chrysler aim to drop as many as 3,000 U.S. dealers and are expected to begin sending notifications as early as Thursday, three people briefed on the still developing plans said. GM, facing a U.S. government-imp ... Continue reading
Plug-in SUV From GM Coming in 2011
May 6, 2009
GM says plug-in hybrid coming by early 2011 even if Saturn brand goes away DETROIT May 5, 2009; The AP reported that General Motors' new product development chief says it will have a plug-in hybrid sport utility vehicle ready for fleet testing in early 2011. The SUV was supposed to be a Saturn Vue Green Line, but GM ha ... Continue reading
Fiat Looking to Pickup GM Europe Units to Create New Super-Fiat Company
May 3, 2009
ROME - May 3, 2009: AP is reporting that Fiat is in talks with General Motors Europe to acquire most, if not all of GM's European brands. According to the AP story, "Fiat said in a statement Sunday it's evaluating the possible spinoff of its auto business to form the core of the new company." The current Fiat Automobil ... Continue reading
GM President and CEO Fritz Henderson Updates Media on Revised GM Viability Plan - COMPLETE VIDEO
Apr 27, 2009
DETROIT - April 26, 2009: General Motors President and CEO Fritz Henderson will host a press conference on Monday, April 27, to update the media on GM's revised viability plan. The press conference will run from 9 to 10 a.m. EDT in the Renaissance Conference Center located in Tower 300, Level 2, of the Renaissance Cent ... Continue reading
GM's Updated Viability Plan Speeds, Deepens Restructuring of U.S. Operations
Apr 27, 2009
DETROIT -- General Motors today presented an updated Viability Plan that will speed the reinvention of GM's U.S. operations into a leaner, more customer-focused, and more cost-competitive automaker. The Viability Plan is included in an exchange offer whereby GM is offering certain bondholders shares of GM common stock ... Continue reading
GM Launches Exchange Offers and Consent Solicitations for Outstanding Notes
Apr 27, 2009
Common stock plus accrued interest in cash offered for $27 billion of outstanding public debt Successful exchange to result in at least $44 billion reduction in total liabilities from bondholders, U.S. Treasury and VEBA Bondholders to own 10 percent of GM after successful exchange offer Exchange contingent on VEBA modi ... Continue reading
Apr 27, 2009
DETROIT - April 27, 2009: In an early morning live press conference today, Fritz Henderson, General Motors' President and CEO, announced that the company's North American plans are to move ahead with only four core brands: Cadillac, Chevrolet, GMC and Buick. Henderson said that after long careful analysis that GM sees ... Continue reading
GM to Announce Brand Changes, Restructuring Moves
Apr 27, 2009
GM to hold news conference 9 AM Monday to announce brand changes, restructuring moves DETROIT April 26, 2009; Tom Krisher writing for the AP reported that General Motors Corp. will announce details of its massive restructuring plan on Monday, including the demise of its storied Pontiac brand, more factory closures and ... Continue reading
GM Owners Brand Loyaty Tested By Financial Problems
Apr 24, 2009
MILWAUKEE April 23, 2009; Emily Fredrix writing for the AP reported that there seemed little chance U.S. car makers could look any worse, but moves like General Motors' announcement Thursday that it will cut production this summer risk scaring off remaining potential customers and eroding decades of brand loyalty. When ... Continue reading
Buick Business Concept Vehicle Unveiled in Shanghai
Apr 21, 2009
The multi-purpose vehicle was developed in China by the Pan Asia Technical Automotive Center, a design and engineering joint venture between General Motors and Shanghai Automotive Industry Corporation, with global design input. ... Continue reading
GM Recalling 1.5 million Vehicles
Apr 13, 2009
WASHINGTON April 13, 2009; The AP reported that General Motors Corp. is recalling 1.5 million vehicles because of potential engine fires. GM says there have been no reports of any fires or injuries. Some of the recalled vehicles are no longer in production. The recall includes the 1998-1999 Oldsmobile Intrigue, the 199 ... Continue reading
Many Questions Left Unanswered in General Motors Apparent Plans
Apr 13, 2009
AUTO CENTRAL - April 13, 2009: In addition to the confusion over the recent GM announcement concerning their intention to âclearly focusâ on four core brands (when they then go on to enumerate five), or why they would embroil themselves in a whole new direction with Segway, there are several significant gaps ... Continue reading
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