Archive for the 'GM' Category
The big carmakers will be begging Congress for a $50B loan, this immediately after the Government takes over control of Fannie Mae and Freddie Mac, the two mortgage giants who account for about 9 mortgages out of 10 in the USA.
Read more about the carmakers plea:
Auto industry allies hope to secure up to $50 billion […]
Any good news of late from Detroit? Not today:
General Motors Corp. is recalling 857,735 vehicles equipped with a heated windshield wiper fluid system for a potential short-circuit problem, according to federal safety regulators.
A short-circuit in the system may cause other electrical features to malfunction, create an odor or cause smoke, increasing the risk of a […]
Slated to enter the U.S. market for the 2011 model year, the Cruze could replace the Cobalt small car.
General Motors released the first photographs of what will be the company’s new Chevrolet Cruze compact car Thursday. The Cruze represents a more aggressive attempt by GM to truly take on the small car market, according to […]
Is it just me or is it ironic that Exxon did over $10B in quarterly profits, while GM lost $15.5B in one quarter?
It’s not a coincidence, if you ask me.
General Motors Corp. has decided to sell off $4 billion to $7 billion worth of assets and cut 20% worth of salaried cash costs in hopes of saving billions of dollars.
The Chief Executive Rick Wagoner said that these were “difficult decisions,” but necessary for the company to prevail in the weak economy that has resulted […]
GM is now worth less than Bed, Bath & Beyond. Heck, toymaker Mattel is worth more than GM now. What does that say? Here’s an interesting and thought-provoking piece by Forbes on why there is an argument to be made about Washington letting GM falter:
There’s an unpublicized view among foreign-car lobbyists that General Motors is […]
General Motors is back at the scene of the crime.
When the Detroit automaker pulled the plug on its unprofitable electric-vehicle program in 2000, it became known, in the words of a popular documentary, as the company that killed the electric car. Its love affair with the Hummer didn’t help either.
Now the company is betting big […]
Tags: GM, green cars|
Posted By: ashley | Jun 20th
The junior hockey team in Oshawa, Ontario is called the Generals… no doubt, this is because General Motors has had many plants in the small city near Toronto.
Make that one less, GM is closing a plan there in 2009. Says the union:
CAW president Buzz Hargrove slammed GM for announcing the closure of the Oshawa truck […]
General Motors has started real-world testing of the lithium-ion batteries and electric powertrain to be used in the Chevrolet Volt plug-in electric hybrid.
WARREN, Mich. — General Motors said it is equipping test vehicles with the lithium-ion batteries that will be used in its extended-range plug-in electric Chevrolet Volt when the car launches in two years. […]
DETROIT — Toyota has taken the global automotive sales lead from General Motors, selling 2.4-million vehicles to GM’s 2.25-million during the first three months of the year.
GM said Wednesday its first-quarter sales dropped across the globe by less than 1 per cent, but Toyota said its sales were up 2.7 per cent during the January-March […]
Tags: GM, Sales, Toyota|
Posted By: ashley | Apr 23rd