Big 3 Down While Asians Are Up - VIDEO NEWS STORY
Aug 1, 2006
NEW YORK & CA - August 1, 2006: Higher gas prices are being blamed for the sharp year-to-year drop in sales for the American car makers. But Asian manufacturers are doing well, especially Hyundai. Click below to watch the story. Big 3 Down While Asians Are Up - VIDEO NEWS STORY BLOOM (BLOOM), National08/1/06 1:31 PM - ... Continue reading
GM Delivers 410,332 Vehicles; July Best Retail Month Of 2006
Aug 1, 2006
Market Share Trend Continues Positive Momentum - July Anticipated at 27 Percent Chevrolet Has Best Retail Car Sales Month Since October 2001 Pontiac G6 up 80.5 Percent; Launch Vehicles Continue Momentum Small Utilities Up 33.2 Percent Compared to July 2005 DETROIT August 1, 2006; General Motors' dealers in the United S ... Continue reading
Jul 26, 2006
Reported net loss of $3.2 billion, or $5.62 per share Adjusted net income of $1.2 billion, or $2.03 per share Structural cost reduction target increased to $9 billion Increased liquidity to $22.9 billion, supported by improved cash flow Record revenue of $54.4 billion DETROIT â July 26, 2006: General Motors Corp. ... Continue reading
GM Certified Used Vehicles Rolls Out Summer Rate Incentives on Select GM Vehicles
Jul 20, 2006
Industry's Top-Selling Certified Brand Offers Affordable GMAC Financing Rates as Low as 4.5% APR DETROIT â GM Certified Used Vehicles, the industryâs top-selling manufacturer-certified used vehicle brand according to Autodata Corp., today announced a nationwide summer rate incentive program on select GM vehic ... Continue reading
GM's Lutz Says Automaker Must Have Hybrids Despite Expense and Doubtful Benefit
Jul 20, 2006
London UK July 19, 2006; The <a href="/link.html?http://www.just-auto.com"> Just-Auto interviewed GM's Bob Lutz at the London Auto Show: Hybrids are technologically of doubtful benefit, and expensive, but necessary from a political and public relations point of view, according to General Motors vice president, global p ... Continue reading
Renault, Nissan And General Motors Joint Statement
Jul 15, 2006
PARIS - July 15, 2006: General Motors, Renault and Nissan yesterday said that an exploratory discussion was held between Carlos Ghosn, President and Chief Executive Officer of Renault, SAS and Nissan Motor Co., Ltd., and Rick Wagoner, Chairman and Chief Executive Officer of General Motors, Corp., regarding the possibil ... Continue reading
2007 GMC Acadia Crossover SUV Revealed
Jul 12, 2006
GMCâs first crossover SUV Built on new body-frame integral vehicle architecture Seating for up to eight with agile ride and handling Sophisticated 3.6L V-6 with variable valve timing Hydra-Matic 6T75 six-speed automatic transmission GMâs exclusive Smart Slide® second-row feature for easier access to the th ... Continue reading
Slow Pickup Sales Hurts Detroit Automakers
Jul 11, 2006
DETROIT, July 10, 2006; Poornima Gupta writing for Reuters reported that U.S. sales of full-size pickup trucks have slowed in recent months on rising interest rates and high gas prices, increasing pressure on Detroit's automakers to boost incentives and clear swollen inventories. The pickup truck segment has been a sou ... Continue reading
General Motors Presents 3rd Annual GM All-Car Showdown
Jul 8, 2006
HOSTED BY SHAQUILLE O'NEAL TO BE HELD JULY 11, 2006 IN HOLLYWOOD Athletes & Celebrity Automotive Enthusiasts SHOW OFF Their Hot Rides to compete for "King of bling" title LOS ANGELES - July 8, 2006: The 3rd annual GM All-Car Showdown, hosted by Shaquille O'Neal, an invitation-only, charity-driven event celebrating the ... Continue reading
GM To Proceed With Exploratory Discussions With Renault, Nissan
Jul 8, 2006
North American turnaround strategy remains top priority DETROIT - July 8, 2006: Yesterday, the General Motors Board of Directors endorsed a recommendation by the company's senior management that it engage in exploratory discussions with Renault and Nissan regarding GM's potential participation in an alliance among the ... Continue reading
June 2006 US Auto Sales- Ford, Chrysler, GM and Nissan Sales Down, Toyota Up
Jul 3, 2006
DETROIT, July 3, 2006; Reuters reported that Ford Motor Co. and Daimler Chrysler AG (DCXGn.DE: Quote, Profile, Research) on Monday reported lower June sales, citing high gasoline prices and slower sales of trucks and sport utility vehicles, signaling a weak start to the summer season. Sales for Toyota Motor Corp., whic ... Continue reading
GM Delivers 413,473 Vehicles in June, Highest Monthly Sales Of 2006:
Jul 3, 2006
FOR RELEASE: 2006-07-03 CONTACTS Sales up 15.2 Percent Compared To May Launch Vehicles Continue Momentum Highest Market Share of 2006 Anticipated DETROIT - General Motors' dealers in the United States sold 413,473 new cars and trucks in June, the company's best sales performance year-to-date, up 15.2 percent, or about ... Continue reading
Nissan-Renault Responds to GM/Nissan Report
Jul 3, 2006
PARIS - July 3, 2006: In a brief formal statement, The Renault-Nissan Alliance is an open partnership, which has never been restricted to two partners. Under the right circumstances and with the appropriate partners, the Alliance could be expanded further. Such an expansion would only be considered by the Alliance if i ... Continue reading
CSM Worldwide Analysis: General Motors, Renault-Nissan Alliance Would Create Global Powerhouse
Jul 1, 2006
NORTHVILLE, Mich., June 30 -- Automotive market forecaster CSM Worldwide says the alliance among General Motors, Renault and Nissan proposed today by GM investor Kirk Kerkorian would create a one-of-a-kind global enterprise that would hold dominant positions in at least three of the world's major vehicle markets. Accor ... Continue reading
Jun 29, 2006
DETROIT - June 29, 2006: General Motors has announced plans to buyout or offer an early retirement package to an estimated 30,000 hourly employees. GM Chairman and CEO Rick Wagoner says the deal will help General Motors reduce their structural costs from 34 percent of revenue in 2005 to 25 percent of revenue in 2010. D ... Continue reading
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