Wednesday, October 29, 2008 GM falls further behind Toyota Robert Snell / The Detroit News DETROIT – General Motors Corp. reported this morning it sold more than 2.1 million vehicles globally during the third quarter, down 11.4 percent from last year. Through September, GM sold 6.7 million vehicles compared with 7.051 million for Toyota, which [...]
Wednesday, October 29, 2008 Analyst: GM-Chrysler deal could cost 35,000 jobs in Michigan Alisa Priddle / The Detroit News The automotive market cannot sustain three Detroit car companies, making a merger of General Motors Corp. and Chrysler LLC a more palatable option for the industry than allowing one of the Big Three to go bankrupt, [...]
Wednesday, October 29, 2008 Source: GM, Chrysler resolve some major issues David Shepardson / Detroit News Washington Bureau WASHINGTON — General Motors Corp. and Cerberus Capital Management LP have resolved some key issues over a deal for the Detroit automaker to acquire Chrysler LLC, but are still trying to hammer out financing, a person familiar [...]
GM’s new small global sedan goes on sale in Korea queryvar=”gm’s,new,small,global,sedan,goes,on,sale,in,korea”; Gary Anglebrandt Automotive News | October 29, 2008 – 1:54 pm EST ENLARGE Michael Grimaldi, CEO of GM Daewoo, poses with models at the launch of the Daewoo Lacetti in Korea earlier today. SEOUL — General Motors’ new global small sedan, which [...]
Reuters: Major issues resolved in GM-Chrysler talks Wagoner said to lead combined automaker if deal gets financed queryvar=”reuters:,major,issues,resolved,in,gm-chrysler,talks”; Automotive News | October 29, 2008 – 1:00 pm EST DETROIT (Reuters) — General Motors and Cerberus Capital Management LP have resolved the major issues in a proposed GM-Chrysler merger but the final form of any [...]
Ford Launching Systems to Rival GM’s OnStar By Byron Pope WardsAuto.com, Oct 23, 2008 9:38 AM DEARBORN, MI – Ford Motor Co. claims its soon-to-be-launched 911 Assist system rivals General Motors Corp.’s OnStar service for speed and performance. And it’s free, adds the head of Ford’s recently established autonomous division. Available as early [...]
Wednesday, October 29, 2008 Chrysler Financial may ship IT work Automaker’s financing arm could save $18M a year via department outsourcing, plan says. Alisa Priddle / The Detroit News Chrysler Financial could save about $18 million a year with a plan to outsource 85 percent of its U.S. information technology work force, most of it [...]
Wednesday, October 29, 2008 Feds fast-track loan plan for GM Funding would help automaker seal deal with Cerberus; Ford, Chrysler lobby for aid as well. David Shepardson / Detroit News Washington Bureau WASHINGTON — The U.S. Energy Department is intensifying its effort to begin lending money through a $25 billion auto loan program that could [...]
GM retirements change bosses at 7 plants queryvar=”gm,retirements,change,bosses,at,7,plants”; David Barkholz Automotive News | October 28, 2008 – 5:10 pm EST General Motors will have seven new plant managers on Nov. 1, as North American factory chiefs leave under the new retirement incentive program. The carousel involves three assembly plants, two stamping plants [...]
Mulally: Ford bankruptcy is not an option queryvar=”mulally:,ford,bankruptcy,is,not,an,option”; Amy Wilson Automotive News | October 28, 2008 – 2:28 pm EST DETROIT — Despite a declining U.S. auto market that is prolonging Ford Motor Co.’s losses, bankruptcy protection isn’t an option for the automaker, CEO Alan Mulally says. "It absolutely doesn’t work for [...]
GM delays most future product, r&d in cash crunch queryvar=”gm,delays,most,future,product,r&d,in,cash,crunch”; Jamie LaReau and Robert Sherefkin Automotive News | October 29, 2008 – 12:01 am EST DETROIT — General Motors is postponing nearly all of its spending on product development in 2009 and 2010 — a cost-cutting move that could delay the introduction [...]
GM delays most future product, r&d in cash crunch queryvar=”gm,delays,most,future,product,r&d,in,cash,crunch”; Jamie LaReau and Robert Sherefkin Automotive News | October 29, 2008 – 12:01 am EST DETROIT — General Motors is postponing nearly all of its spending on product development in 2009 and 2010 — a cost-cutting move that could delay the introduction [...]
