GM confirms employee discounts in incentive plan
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Jamie LaReau
Automotive News | August 18, 2008 - 3:15 pm EST

 
DETROIT — General Motors says it will offer employee discounts to everyone starting Wednesday, Aug. 20. The sale will apply to all of GM’s eight brands.
“We are going to have an employee-discount-for-everyone program,” GM spokesman John McDonald confirmed [...]

Monday, August 18, 2008
GM pulls plug on Oscar and Emmy advertising
Robert Snell / The Detroit News
General Motors Corp. will not sponsor next month’s Emmy Awards ceremony or next year’s Academy Awards, cost-cutting moves that come after the automaker’s $15.5 billion second-quarter loss, the company said today.
"The Emmys and Oscars are prestigious events, and the decision [...]

 
Moody’s cuts GM rating
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Automotive News | August 18, 2008 - 12:01 am EST
 
 
NEW YORK — Moody’s Investors Service last week lowered its ratings of General Motors one notch to Caaa1 — seven levels below what it considers investment grade. The rating had been B3.
The ratings agency said GM could have cash-flow problems if industry sales [...]

 
GM to offer employee-level pricing on Chevy models
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Automotive News | August 18, 2008 - 1:02 pm EST

 
DETROIT (Reuters) — General Motors will offer employee-level pricing on nearly 90 percent of inventory for its main Chevrolet brand as part of a new nationwide sales promotion, a dealer briefed on the plans said on Monday.
The offer starts [...]

 
Hummer plans aggressive pitch for new H3T
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Jamie LaReau
Automotive News | August 18, 2008 - 12:01 am EST

 
FRESNO, Calif. — The future of Hummer remains uncertain, but that’s not stopping Hummer from launching a pickup truck.
Hummer will spend a significant amount to advertise the H3T, believing that no matter what happens with the brand, the [...]

$65 oil is coming (maybe)

A top analyst expects crude prices to start plummeting. If you don’t believe it, you’re not the only one, and a few stocks look good if you’re in the skeptics’ camp.

By

Jon Markman

Speculators unmasked

Kolton, a specialist in the history, composition and psychology of the energy market, believes that speculators were without [...]

GM to slash its number of truck-plant suppliers
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Robert Sherefkin
Automotive News | August 18, 2008 - 12:01 am EST

GM’s Bo Andersson: “Where we have four suppliers, we will go to two.”
Photo credit: JOE WILSSENS

 
TRAVERSE CITY, Mich. — General Motors plans to sharply reduce [...]

 
Hargrove forecast: Good for now, bad for long term
Retiring CAW boss: Asians will win, if markets don’t open
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David Barkholz
Automotive News | August 18, 2008 - 12:01 am EST

Buzz Hargrove, Canadian Auto Workers: "Short term, I think General Motors, Ford and Chrysler will be fine. But when I look out over the next four or [...]

 
Toyota idles factories — but can’t lay anybody off
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Lindsay Chappell
Automotive News | August 18, 2008 - 12:01 am EST

ENLARGE

Slumping sales of the Tundra pickup shut down assembly lines.

 
They will relearn [...]