GM Reports 2Q 2008 - $15.5 Billion Loss
Aug 1, 2008
DETROIT August 1, 2008; Kevin Krolicki and David Bailey writing for Reuters reported that General Motors Corp posted a $15.5 billion quarterly loss on Friday, as North American sales dropped by 20 percent and plunging prices for SUVs prompted deep charges for its auto finance business. GM shares tumbled 6 percent in re ... Continue reading
General Motors Delivers 17 '08 Models That Get 30 mpg or Better on the Highway
Jul 31, 2008
DETROIT July 30, 2008; From nicely equipped entry subcompacts to award-winning midsize sedans and a capable, compact SUV, General Motors offers plenty of choices for consumers who want to wring more miles out of a gallon of gas. Seventeen 2008 GM models â more than any other automaker â achieve EPA fuel econo ... Continue reading
GM Prepares to Export Buick Enclaves to China
Jul 28, 2008
Chinese Officials Visit Award-winning Lansing Delta Township Plant LANSING, Mich. - Discerning vehicle buyers in China are another step closer to experiencing what their U.S. counterparts have been raving about for the past year: the hot-selling Buick Enclave luxury crossover. Chinese officials visited the Lansing Delt ... Continue reading
Even Car Dealerships Are Going Green - VIDEO STORY
Jul 18, 2008
Rising Energy Costs Makes Green Building Sense DETROIT - July 18, 2008: Going green hasnât always been economically friendly. In fact, the initial cost of developing a more energy efficient building can be 10 percent higher than using standard equipment. But with the recent rise in energy costs that gap is startin ... Continue reading
GM Design Interns Look Into the Future, Pt. 3 - VIDEO FEATURE
Jul 13, 2008
WARREN, MI â July 3, 2008: In this week's episode, the design interns ideas start to take shape. About the Internship Program Through its annual summer intern program, General Motors is hosting twenty one college interns from around the world at the GM Design Center in Warren, Michigan. Their charge is to design c ... Continue reading
GM Design Interns Look Into the Future, Pt. 2 - VIDEO FEATURE
Jul 4, 2008
WARREN, MI - July 3, 2008: This week's episode details why and which "emerging markets" the design interns have chosen to begin their projects. About the Program Through its annual summer intern program, General Motors is hosting twenty one college interns from around the world at the GM Design Center in Warren, Michig ... Continue reading
Four-Cylinder Cars Growing in Popularity - VIDEO STORY
Jul 2, 2008
THOUSAND OAKS, CA - July 2, 2008: As gas prices continue to reach record highs worldwide, four-cylinder vehicles are growing in popularity due to their low gas consumption. General Motors reports that as this model grows in popularity, automakers are enhancing these vehicles by adding more refined engines and luxury fe ... Continue reading
Automotive Hall of Fame Classic to Feature Only GM Vehicles
Jun 30, 2008
DEARBORN, Mich., June 30 -- The third annual Automotive Hall of Fame Classic, an exhibition limited to about 30 superior automobiles, will be held Saturday, July 26, 2008 at the Automotive Hall of Fame in Dearborn, Michigan. "The GM Century: The Men. The Machines." will feature only General Motors vehicles in celebrati ... Continue reading
GM Design Interns Look Into the Future, Pt. 1 - VIDEO FEATURE
Jun 26, 2008
WARREN, MI â June 26, 2008: Through its annual summer intern program, General Motors is hosting twenty one college interns from around the world at the GM Design Center in Warren, Michigan. Their charge is to design concept vehicles that meet the needs of emerging markets in the year 2020. Working alongside a team ... Continue reading
General Motors Reminds Parents That Hot Cars Can be Death Traps for Kids - VIDEO STORY
Jun 8, 2008
DETROIT - June 8, 2008: In the past decade, an estimated 36 children have died every year from being left in a hot car, according to a study by the National Weather Service. Most hyperthermia deaths are accidental and many parents are unaware of how dangerous it is to leave children in cars unattended â even for a ... Continue reading
GM Announces New Products, Plant Closings; Volt a Go!; Hummer Gone? - COMPLETE VIDEO
Jun 3, 2008
WILMINGTON, Del. June 3, 2008; GM today announced a range of strategic initiatives to aggressively respond to growing demand for fuel-efficient vehicles and to economic and market challenges in North America. Rick Wagoner, GM chairman and CEO, made the announcements here as part of the GM annual meeting of stockholders ... Continue reading
Designing the Buick Invicta Concept Vehicle, Pt. 2 - VIDEO FEATURE
May 2, 2008
BEIJING and DETROIT - May 2, 2008: The continuing story of how the Buick Invicta concept car was developed. To read the original story about the Buick Invicta concept car and to watch Part 1 of this video series http://www.theautochannel.com/news/2008/04/22/084797.html CLICK HERE. ... Continue reading
GM Reports 260,922 Deliveries in April 2008
May 1, 2008
GM Reports 260,922 Deliveries in April (Monthly comparison percentages are sales day-adjusted unless noted.) Retail Car Sales Up 6 Percent Chevrolet Car Retail Sales Up 24 Percent Led By a 147 Percent Increase in Malibu, 17 Percent Rise in Cobalt, 13 Percent Increase in Aveo and 8 Percent Hike in Impala Sales Pontiac R ... Continue reading
GM: We Lost $3.5Billion 1Q 2008 BUT Operations Beat Expectations - Complete Details
Apr 30, 2008
First quarter revenue of $42.7 billion Positive adjusted automotive earnings before tax, with improvement of over $160 million Positive reported automotive earnings before tax, down by $118 million Adjusted net loss of $350 million, reported net loss of $3.3 billion Continued strong results in emerging markets Liquidit ... Continue reading
Apr 30, 2008
DETROIT April 30, 2008; Kevin Krolicki and David Bailey writing for Reuters reported that General Motors Corp today posted a first-quarter loss due to a costly supplier strike, waning demand for its most profitable vehicles and charges related to struggling former subsidiaries, although results beat Wall Street expecta ... Continue reading
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