mark laneve
New GM Emerges from Bankruptcy
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Today the sun rose on a New General Motors, a move which will also see the sun set on a lot of people’s careers. GM emerged from bankruptcy protection at 6:30 a.m. Eastern Time with news of a serious corporate restructuring plan that will take effect over the next few months. Due to leadership (and…
General Motors to Cut Number of Cadillac Dealers
The long list of General Motors dealerships got a lot shorter recently, but it will get shorter still as the company has made known plans to reduce the number of Cadillac dealerships in its network. “Our current footprint of 1,400 Cadillac dealers, most of which are dualed, is out of sync with modern luxury automotive…
GM & Tiger Woods No Longer Golfing Buddies, but Still Friends
As of December 31, 2008, General Motors ceased its endorsement deal with Tiger Woods after nine years. The deal, reportedly worth up to $7-million annually, ended due to several factors, including the current hardships in the auto industry. A joint press release also stated that Woods is eager for more personal time after the news…
