GM confirms employee discounts in incentive plan queryvar=”gm,confirms,employee,discounts,in,incentive,plan”; 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 [...]
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 [...]
Moody’s cuts GM rating queryvar=”moodys,cuts,gm,rating”; 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 [...]
GM to offer employee-level pricing on Chevy models queryvar=”gm,to,offer,employee-level,pricing,on,chevy,models”; 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 [...]
Hummer plans aggressive pitch for new H3T queryvar=”hummer,plans,aggressive,pitch,for,new,h3t”; 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 [...]
$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 [...]
GM to slash its number of truck-plant suppliers queryvar=”gm,to,slash,its,number,of,truck-plant,suppliers”; 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 the number of suppliers to its [...]
Hargrove forecast: Good for now, bad for long term Retiring CAW boss: Asians will win, if markets don’t open queryvar=”hargrove,forecast:,good,for,now,bad,for,long,term”; 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 [...]
Toyota idles factories — but can’t lay anybody off queryvar=”toyota,idles,factories,—,but,cant,lay,anybody,off”; 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 how to pick up screws. They will study safety practices. They will take classes on workplace diversity [...]
