General Motors Achieves Record Sales in Asia Pacific in 2008
Jan 9, 2009
General Motors Corp. announced today that it set a new company record for vehicle sales in Asia Pacific in 2008. Its sales in the region rose 2.7 percent from the previous year to 1,475,093 units. A further 766,400 vehicles and 599,080 complete knockdown (CKD) vehicle sets were exported from the region to other parts o ... 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
GMAC to Expand Retail Auto Financing
Dec 30, 2008
Customers to benefit from greater access to low cost funding DETROIT, Dec. 30 -- GMAC Financial Services will immediately resume auto financing for a broader spectrum of U.S. customers as a result of expanded access to funding as a bank holding company. The company will modify its credit criteria to include retail fina ... 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
Eight Premieres For Cadillac, Chevrolet, GMC And HUMMER At The 2008 Abu Dhabi Motor Show
Dec 17, 2008
The Cadillac, Chevrolet, GMC and HUMMER car brands made a strong statement regarding the strength of their Middle East offerings by unveiling a combined total of eight new models on the first day of the 2008 Abu Dhabi International Motor Show (17-21 December). ... Continue reading
Changfeng, AM General in talks on Hummer bid
Dec 15, 2008
Changfeng, AM General in talks on Hummer bid http://www.gasgoo.com/auto-news/1008719/Changfeng-AM-General-in-talks-o n-Hum mer-bid.html Shanghai, December 15 (Gasgoo.com) Hunan Changfeng Motor Co is in talks with AM General LLC about a joint acquisition for Hummer brand, general manager of Changfeng Motor said. "We nev ... 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
GMC Acadia Scoops Saudi Auto Magazine's Editor's Choice Award
Dec 10, 2008
The GMC Acadia has been awarded with the November 2008 'Editor's Choice Award' from Saudi Auto, the leading automotive magazine in Saudi Arabia. The Acadia picked up the award after a crossover comparative that saw it take on the Hyundai Veracruz, Mazda CX-9 and Honda Pilot. ... 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
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