New GM Emerges From Bankruptcy; TheAutoChannel.com Comments - VIDEO ENHANCED
Jul 10, 2009
Moving Forward with Same Old Products and Old Values By Marc J. Rauch Exec. Vice President/Co-Publisher The Auto Channel General Motorsâ President and CEO Fritz Henderson hosted a news conference this morning to announce that General Motors has emerged from Chapter 11 bankruptcy. The press conference with a Q&A se ... Continue reading
The New General Motors Company Launches Today - COMPLETE PRESS CONFERENCE VIDEO
Jul 10, 2009
New GM to Focus on Customers, Cars and Culture GM gets back to the business of building great cars and trucks, serving customer needs New company created from GM's strongest assets Four core brands backed by the nation's largest and strongest dealer network Streamlined organization on a global basis for faster decision ... Continue reading
GM and eBay Partner in California
Jul 10, 2009
DETROIT, Jul 10, 2009; (Reuters) - General Motors (GMGMQ.PK) and its dealers will test a partnership with eBay Inc (EBAY.O) in California that allows customers to bid on new vehicles or buy them at a predetermined price online, the automaker said on Friday. "We'll be testing this and other ideas with our dealers over t ... Continue reading
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
Cars.com: American-Made Index Crowns Toyota the Most 'American' Manufacturer
Jul 2, 2009
Japanese Automaker Claims Four of 10 Spots on List CHICAGO, July 2 -- With the Fourth of July just around the corner, Cars.com has announced the rankings in its annual American-Made Index, which ranks the most-American vehicles based on percentage (by cost) of their parts that are made domestically, where they're built ... 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
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
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
Auto Ads Down By $1.1 Billion In First Quarter
Jun 6, 2009
<b>By Claire Atkinson -- Broadcasting & Cable</b> <b>GM consolidation to take auto ad category down by $1.3 billion, but there's good news for stations</b> New York, June 4, 2009: The General Motors focus on four auto brands, rather than eight, will reduce auto advertising by $1.3 billion, says senior analyst Michael N ... Continue reading
Jun 3, 2009
WILMINGTON, Del.--Wilmington Trust, a leading provider of institutional trustee, agency, and administrative services through its Corporate Client Services (CCS) business, said today that it has been appointed by the United States Trustee to the unsecured creditorsâ committee in the bankruptcy of General Motors Cor ... Continue reading
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