Saturday, August 30, 2008
A century of General Motors
Legendary execs: 7 notable presidents who helped shape GM
Bryce G. Hoffman / The Detroit News
General Motors Corp. was once the largest company in the world, and it has been led by men who were often larger than life themselves. Some of the names are legendary, others remembered only [...]
Saturday, August 30, 2008
General Motors sues to recoup misused worker discounts
Automaker says improper use of employee pricing program cost it $450K.
Robert Snell / The Detroit News
DETROIT — Turns out General Motors Corp.’s employee discount isn’t for everyone.
The automaker, which last week temporarily extended the perk nationally to anyone in a bid to boost sales and [...]
Saturday, August 30, 2008
GM offers more buyouts
Carmaker extends deal to 9,000 salaried workers
Robert Snell / The Detroit News
DETROIT — General Motors Corp. has started offering early retirement to some U.S. salaried workers as the automaker moves to further cut costs.
About 9,000 workers have been offered the deal, according to a source familiar with the plan. [...]
Electric fault spurs big GM recall
Fri Aug 29, 2008 1:02pm EDT
DETROIT (Reuters) – 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, [...]
Friday, August 29, 2008
Scott Burgess: Commentary
Lineup strong without ‘game changer’
JOLIET, Ill. — As General Motors Corp. showed off its 2009 lineup Thursday, I found myself wondering, "What’s the next Malibu?"
So I posed that question to a table full of GM employees during lunch at the automaker’s annual event to roll out coming models for the [...]
Friday, August 29, 2008
GM ‘09 line fuel efficient
Lutz: New models will lead firm back to profitability
Robert Snell / The Detroit News
JOLIET, Ill. – General Motors Corp. Vice Chairman Bob Lutz said GM isn’t dead or dying, but poised to build on the success of its most fuel-efficient vehicles with upcoming models that will make fuel [...]
Union at GM Daewoo rejects pact
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Gary Anglebrandt
Automotive News | August 28, 2008 – 10:09 am EST
SEOUL — The union at GM Daewoo Auto & Technology Co. today voted against a tentative agreement, made this week, that ended two months of partial strikes related to contract negotiations.
A spokesperson at General Motors’ South Korean subsidiary did [...]
Automotive News | August 29, 2008 – 6:00 am EST
(Reuters) — Bankrupt U.S. auto parts maker Delphi Corp may end up being liquidated, with some U.S. plants being taken over by its former parent General Motors, the Wall Street Journal said, citing people involved in the bankruptcy process.
Even if that doesn’t happen, GM’s financial [...]
Thursday, August 28, 2008
Analyst: Big 3 may lose $5.6B
Annual earnings loss comes from permanent consumer shift from trucks to small cars.
Alex Ortolani / Bloomberg News
High gasoline prices and the shift away from trucks and sport utility vehicles is hitting Detroit’s automakers hard.
In the United States, they may lose about $5.6 billion annually in earnings as [...]
DEMOCRATIC CONVENTION
Harry Stoffer
Automotive News | August 27, 2008 – 3:52 pm EST
DENVER — Ford Motor Co. executives are telling lawmakers and other policymakers that suppliers as well as automakers are in critical need of low-interest federal loans soon.
Ford purchasing chief Tony Brown was part of the automaker’s pitch to policymakers here today at the [...]
Chrysler considers selling the Dodge Viper
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Brad Wernle
Automotive News | August 27, 2008 – 10:13 am EST
DETROIT — Chrysler LLC has put its hand-built Dodge Viper sports car business on the block.
The automaker announced today that it was undertaking a "strategic review" of the Viper business and stressed in a statement that it has not [...]
Supplier Cadence seeks Chapter 11 protection
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David Barkholz
Automotive News | August 26, 2008 – 12:11 pm EST
The owners of Cadence Innovation LLC sought Chapter 11 bankruptcy protection today after efforts to sell the plastic parts maker failed.
Cadence is a key supplier to General Motors. It makes interiors for the GM crossovers made in Delta Township, [...]
Automotive News | August 27, 2008 – 8:00 am EST
MUMBAI (Reuters) — General Motors will sign an agreement with the western state of Maharashtra for an engine and transmission plant on Thursday, as it steps up the pace in one of the world’s fastest-growing auto markets.
The unit will be located in Talegaon, where GM’s [...]
Wednesday, August 27, 2008
For $75M, Mich. Truck will soon roll out cars
Bryce G. Hoffman / The Detroit News
WAYNE — Ford Motor Co.’s Michigan Truck Plant is about to get an extreme makeover.
On Tuesday, Ford said it will invest $75 million to retool the plant to produce a new generation of small cars from Europe. It [...]
Wednesday, August 27, 2008
Scott Burgess
Better not bigger: New Dodge Ram is a vast improvement in comfort, innovation
SANTA BARBARA, Calif. — The pickup wars just got a lot more interesting.
Instead of trying to create a truck that is bigger, badder and can tow more manure, Dodge decided to make the 2009 Ram better. It’s a lesson [...]
