2009 Detroit Auto Show - Thoughts From "Our" Optimist
Jan 13, 2009
DETROIT AUTO SHOW The Views of an Optimist By Steve Purdy TheAutoChannel.com Detroit Bureau I canât tell you how many times Iâve been asked my opinion about the likelihood of survival for the Detroit Three automakers. (Youâll no doubt notice that we no longer talk about the Big Three, since Chrysler hasn ... 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
GM Gets First $4 Billion; Chrysler Does Not - Yet
Jan 2, 2009
WASHINGTON, DC January 2, 2009: According to Harry Stoffer, writing for Automotive News, General Motors on Wednesday received the first $4 billion in emergency loans that the federal government has promised the automaker. Both GM and Chrysler had been scheduled to receive on Monday, Dec. 29, $4 billion from a total of ... Continue reading
Canucks Kick in $3.3 Billion to Help Detroit Subsidiaries
Dec 20, 2008
TORONTO - December 20, 2008: Canadian Prime Minister Stephen Harper announced that the Canadian federal and Ottowa government will provide $4 billion (Canadian dollars) in emergency loans to their subsidiaries of General Motors and Chrysler. As in the U.S., Ford didn't request any specific financial assistance just a l ... 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
Vehicle-to-Pedestrian Communication May Lead to Safer Roads - VIDEO STORY
Dec 14, 2008
DETROIT - December 13, 2008: According to the National Highway Traffic Safety Administration, over 112,000 pedestrians and cyclists were injured and nearly 5,800 killed in traffic crashes in 2006. With new technology, the automotive industry hopes to help reduce those numbers. General Motors has been developing a two-w ... Continue reading
HEELS ON WHEELS: KATRINA'S 2008 TOP 10 VEHICLES FOR FEMALE DRIVERS
Dec 12, 2008
HEELS ON WHEELS By Katrina Ramser San Francisco Bureau The Auto Channel As an automotive journalist, I test drive many different vehicles. With one car always coming and another going each and every week, the desensitizing of 'new' has helped me develop objectivity (if not an attitude of blasé) towards all vehicles. ... 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
Shanghai GM launches new Buick Regal in China
Dec 4, 2008
Shanghai GM launched a new model of its self-developed brand the Buick Regal earlier this week. ... 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
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