GM officially sold Hummer to China’s Tengzhong By Ally Liu From:Gasgoo.comOctober 10, 2009 It’s been in the works for some time and now it’s finally official. According to Reuters, General Motors has signed a definitive agreement to sell its Hummer brand to China’s Sichuan Tengzhong Heavy Industrial Machinery, with Tengzhong taking an 80 percent stake [...]
Ford and UAW Nearing Agreement on Contract Changes By David Bailey Most Recent Auto Articles DETROIT (Reuters) – Ford Motor Co ( F) is getting close to a deal revising its contract with the United Auto Workers, according to a person briefed on six-week-old talks in which the automaker has aimed to gain concessions [...]
October 12, 2009 http://detnews.com/article/20091012/OPINION03/910120325 Auto pioneers inspiring Automotive Hall of Fame deserves everyone’s attention NEAL RUBIN Here’s the problem in a nutshell, or maybe in a hubcap. Jeff Leestma, president of the Automotive Hall of Fame, was chatting with a retired autoworker at a car show. The guy was smack in the middle of the [...]
GM took store; GMAC may take home Ex-Chevy dealer guaranteed loans, then sales tanked queryvar=”gm,took,store;,gmac,may,take,home”; Arlena Sawyers Automotive News | October 12, 2009 – 12:01 am EST Gregory Williams once thought of General Motors and its captive finance company as his business partners. Now, the former Chevrolet dealer fears that GMAC Financial Services will [...]
IPO for GM? If it can perform queryvar=”ipo,for,gm?,if,it,can,perform”; Jamie LaReau Automotive News | October 12, 2009 – 12:01 am EST DETROIT— The board of General Motors Co. will set targets in December that will help determine whether the restructured company is healthy enough to go public in the second half of 2010, CEO Fritz [...]
