October 1, 2008 May be best ’08 market share By KATIE MERX FREE PRESS BUSINESS WRITER General Motors Corp. reported a 15.6% drop in sales for September compared with the year earlier. GM reported U.S. light vehicle sales of 282,806 vehicles in September, down from 334,974 in September 2007. Despite the continued drop in vehicle [...]
Rick Kranz Automotive News | October 1, 2008 – 11:26 am EST ENLARGE Police car manufacturer Carbon Motors plans to market its new car directly to law enforcement agencies — skipping the need for a dealership network. Additionally, the company plans to repurchase the car when an agency takes the [...]
SEPTEMBER U.S. AUTO SALES Richard Truett and James Henry Automotive News | October 1, 2008 – 2:22 pm EST With a 32.3 percent decline in sales, Toyota Motor Sales U.S.A. in September turned in one of the worst performances in its 50-year history in the United States. Toyota sold 144,260 vehicles last month, [...]
Wednesday, October 1, 2008 GM suspends stock purchases in employee plans Associated Press DETROIT — General Motors Corp. said Tuesday it has suspended employee stock purchases through two 401(k) programs because workers have bought all the available shares. GM said in a regulatory filing that the suspension "is the result of recent unexpectedly high demand [...]
GOVERNMENT LOANS FOR AUTOMAKERS Harry Stoffer Automotive News | October 1, 2008 – 9:18 am EST WASHINGTON — Funding now is available to launch a $25 billion program of low-interest federal loans to automakers and suppliers. Late Tuesday, Sept. 30, President Bush signed a broad spending bill that keeps government operating in the [...]
If you participate in the GM-PSP, and you want to trade/buy GM Common Stock, you need to be aware of this information!!!! Pay attention to the language I have highlighted in "RED" both at the top and bottom of the memo. This was posted on Socrates. September 30, 2008 THIS DOCUMENT CONSTITUTES PART OF [...]
Wednesday, October 1, 2008 GM sells old plants, land to raise money Automaker unloads assets to help weather sliding sales, tightening credit market. Robert Snell / The Detroit News General Motors Corp.’s decision to explore selling a French parts plant is one of many moves aimed at thinning its global real-estate portfolio, cutting costs and [...]
Nissan tries new luxury branding at home, in lieu of Infiniti queryvar=”nissan,tries,new,luxury,branding,at,home,in,lieu,of,infiniti”; Hans Greimel Automotive News | September 30, 2008 – 4:24 pm EST TOKYO — Nissan is still struggling with the idea of bringing its Infiniti luxury brand to Japan. So in the meantime, the company has settled for an alternative: [...]
