GM
GM Canada Adds Shifts to Keep Up With Camaro Demand
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As General Motors continues to report record losses, there are still some small success stories to report. The reborn Chevy Camaro is one of them. While plants are being idled and employees being let go across the company, at the Camaro assembly plant in Oshawa, Canada, workers can’t keep up with demand. The Peterborough Examiner…
General Motors Posts $6 Billion Q1 Loss
General Motors has once again posted a massive quarterly loss, coming up short to the tune of $6 billion for Q1 of ’09. That is roughly the equivalent of the value of 473,000 Chevy Aveos. The company burned through $10.2 billion during the period, lowering its cash reserves to $11.6 billion from $14.2 billion at…
Nissan-Renault Latest Candidate to Buy Saturn
The sale of Saturn to Nissan-Renault could see cars like this Mégane Renault Sport roaming U.S. streets. The rumor mill keeps churning out new and exciting candidates interested in buying GM’s Saturn brand. The most recent speculation is that Nissan/Renault might be interested. The Wall Street Journal is reporting the Nissan-Renault interest in Saturn, while…
Ford Outsells Toyota, Hyundai Surpasses Nissan
Interesting times indeed. As the economy continues to lumber on, this economic shakeup is certainly changing things in the automotive industry. While in a bustling economy it may take decades for shifts to happen in an industry, it can take just a month in a recession. And so with every passing month the sales figures…
Pontiac Dealer Wants to Buy Brand, GM Not Interested
Jim Waldron, the owner of a Pontiac dealership in Michigan has revealed that he and a group of investors submitted an offer to buy the scheduled-for-termination Pontiac brand from GM. Waldron made the announcement on ABC’s local WJRT station and said that he expects to hear back from the company this week. GM representatives, including…
General Motors Planning To Leave NUMMI
With the Pontiac brand gone, GM is looking to get out of its arrangement with Toyota that spawned the Vibe/Matrix models In stark contrast to official statements by General Motors reps (and to a story we ran yesterday) the struggling U.S. automaker does indeed want out of the joint project with Toyota that saw the…
New Cadillac Model Coming for 2012
Cadillac’s entry-level European BLS Amid all the terrible news coming out of the U.S. auto sector, there are some glimmers of hope… sort of. While General Motors is cutting models and whole brands, it is making a commitment to introduce a new Cadillac model under the CTS. Unfortunately it won’t be the rear-drive 3-Series fighter…
Magna Emerges as Fiat Rival Over Purchase of Opel
Only yesterday it seemed as though Italian car maker Fiat was likely to purchase GM’s European Opel brand, but now a new player has emerged. Magna International, the Austrian-Canadian parts supplier to OEMs like Chrysler, Ford and Mercedes has “announced” plans to purchase a controlling share in Opel. The news didn’t come from Magna, however,…
General Motors Looking To Toyota For A Shared Platform To Replace Vibe
With news today that the Pontiac brand will in fact be eliminated, General Motors is eager to get working with Toyota to build a new shared platform to replace the Vibe. The Vibe is to GM what the Matrix is to Toyota, and both models come from an evenly shared joint venture known as New United…
R.I.P. Pontiac: General Motors Kills Iconic Brand
As we reported last week, General Motors has indeed made the decision to kill the Pontiac brand. The news comes as a part of a new viability plan (yes… another one) submitted to the federal government today. The new plan will see Pontiac eliminated by the end of 2010, but that’s not all… not by…
General Motors to Eliminate Pontiac Brand on Monday
As the saying goes, “It’s all over but the crying.” Edmunds is reporting that its source inside General Motors has let slip that the Pontiac brand will officially be eliminated. The announcement is expected to be made next Monday as a part of a more thorough reorganization of the struggling automaker. General Motors PR rep…
General Motors To Idle Plants for Two Months This Summer
Several major news outlets are reporting that General Motors is planning extended shutdowns of its U.S. plants this summer. The plants would be idled for as much as nine weeks from mid-May through July. While it is common practice for plants to idle for a “summer break” during the sunny season, that period has traditionally…
Buick Business MPV Concept Unveiled at Shanghai Auto Show
It’s a well-known fact that the Buick is a dominant force (and growing) in the Chinese marketplace, so it’s no surprise that the traditionally traditional brand used the Shanghai Auto Show to debut an important new concept. The real surprise is that this crossover is anything but traditional. The Buick Business MPV (Multi Purpose Vehicle)…
General Motors May Cut Pontiac and GMC After All
When General Motor’s first submitted it’s viability plan to the Obama Administration, Saab, Hummer and Saturn were put on notice, while other brands like Pontiac and GMC (as well as Chevy, Buick and Cadillac) were guaranteed to stay on. There are no guarantees in an economy like this, however, and so both Pontiac and GMC…
Group of Investors Looking to Buy Saturn, Transform Dealerships into Retailers for Foreign Cars
A group of investors known as Telesto Ventures has put forward a serious proposal to purchase Saturn from General Motors and turn it into a network of retailers selling vehicles from foreign manufactures. The business plan would have the Saturn continue selling GM-sourced products until 2011 at which point the dealer network would act more…
Corvette GT1 Z06 Not Competing in New York
General Motors used the New York Auto Show to stage the official first showing of its GT1 line of special edition Corvettes. The car wasn’t competing for the spotlight, however, as GM generally ignored the car and instead decided to focus on its new SUVs – like the GMC Terrain and Yukon Denali Hybrid. The…
General Motors to Auction-Off 100 More “Heritage Collection” Cars at Barrett-Jackson
General Motors is heading back to the block. No, not the chopping block (not yet)… the auction block. In an effort to trim costs and create a little petty cash, the struggling automaker will send 100 vehicles to the Barrett-Jackson auction in Palm Beach, Fla., which starts this Thursday and runs through the weekend. In…
All-New 2010 Chevy Equinox To Cost $1,800 Less Than ’09 Model
General motors has just released some new info on the upcoming 2010 Chevy Equinox, with the most surprising item being the price. The all-new model will come in at $1,800 less than the outgoing ’09 model, with a starting price of $23,185, including a $745 destination charge The other important bit of info GM has…
General Motors Launches “GM Total Protection” Incentive Package
In a bid to help pump-up auto sales in the month of April, General Motors has just announced a new list of incentives. Called “GM total Protection” the package includes some added GM bonuses as well as a few new items aimed at protecting the buyer. Two two major incentives are what GM calls Payment…
Chevy Impala To Go Rear-Wheel Drive?
Current Commodore-based Lumina SS as sold in the Middle East and Africa Even if General Motors survives its current financial woes, it has a serious problem on its hands regarding future products. Take the Chevy Impala for instance. Sure it’s not very exciting, nor is it much to look at, but its a top seller…
Obama Gives GM/Chrysler Bankruptcy Deadlines
Just ahead of the Obama Administration’s press conference today, some of the most important details are already out. General Motors is to be given 60 more days to complete its restructuring plan, while Chrysler is being given just 30 days to finalize a partnership with Fiat. This news comes as both fumbling U.S. automakers are…
General Motors CEO Rick Wagoner Quits: Restructuring FAIL
General Motors CEO Rick Wagoner will be stepping down as the head of the deeply troubled American auto giant by the end of the month – this according to several reports including CNBC and GMInsideNews. Wagoner apparently did not come to the decision on his own and while he was not “forced” he was apparently…
Obama Will Set Bankruptcy Deadline for GM and Chrysler on Monday
According to the reliable folks over at GMInsideNews, on Monday the Obama Administration will announce a bankruptcy deadline for both General Motors and Chrysler. It has been rumored that the government will release more details about its aid for the U.S. auto industry on Monday, but now it appears the announcement will include this strong-arm…
Chevrolet Orlando On Hold
The highly anticipated Chevrolet Orlando is apparently not one of the top priorities at General Motors – despite the increasing popularity of similar crossovers (like the Ford Flex and Toyota Venza) in the marketplace. According to Automotive News, the Orlando is no longer scheduled to go into production later this year. Local UAW rep George…
