Archive for the 'General Motors' Category

General Motors needs money to acquire Chrysler, Industry Analysts Indicates

General Motors needs cash to acquire Chrysler, Analysts Indicates. News from DETROIT, details: For General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash as part of the deal. Lots of it, according to industry analysts.
With both automakers struggling to survive amid slumping sales, a [...]

General Motors Don’t Believe in Auto-asphyxiation While Dow Jones Industrial Average Trading at a Hair

General Motors Don’t Believe in Auto-asphyxiation While Dow Jones Industrial Average Trading at a Hair. OK. The news details are as follows: The Dow Jones Industrial Average was trading at a hair above 200 points, the Soviets had just declared themselves a nuclear power and the US population was half of today’s level. Much has [...]

Hummer to equip all vehicles with E85 fuel capability: Dealer sells biofuel

Hummer to equip all vehicles with E85 fuel capability: Dealer sells biofuel
Hummer plans to equip all vehicles with E85 fuel capability by 2010.
Hummer’s first production E85 models will be the 2009 H2 pickup and H2 SUT, a Hummer spokesman said today.
Hummer made the announcement during the grand opening of a Dallas area dealership’s E85 ethanol [...]

General Motors warned of potential strikes by UAW locals over local negotiations

General Motors warned of potential strikes by UAW locals over local negotiations
General Motors has received notice that five UAW locals in three states could strike this month over local negotiations.
UAW locals representing hourly workers at GM assembly plants in Arlington, Texas; Delta Township, Mich.; and Flint, Mich., filed five-day strike notices today. A stamping plant [...]

General Motors Wants to jolt Toyota with its Chevrolet Volt

General Motors Wants to jolt Toyota with its Chevrolet Volt
The battery-testing facility at General Motors in Michigan is working 24 hours a day, seven days a week on the Chevrolet Volt, the electric car the company this week described as its “number one priority”.
The US carmaker is developing the Volt and its still-unproven technology in [...]

General Motors strains from auto parts maker’s strike

General Motors strains from auto parts maker’s strike
Strike which has shuttered 28 General Motors plants will soon hit factories that make cars in Michigan and Ohio.
DETROIT (AP) — The increasingly bitter month long strike at auto parts maker American Axle and Manufacturing Holdings Inc. is starting to hit General Motors Corp. where it hurts.
Two GM [...]

General Motors to idle Detroit assembly plant, Cadillac DTS and Buick Lucerne production halt

Strike forces General Motors to idle Detroit assembly plant, Cadillac DTS and Buick Lucerne production halt
Cadillac DTS and Buick Lucerne production will halt next week. Production of the Buick Lucerne will halt when GM idles its Detroit-Hamtramck assembly plant Monday.
DETROIT — The UAW strike at American Axle & Manufacturing Holdings Inc. that has halted light-truck [...]

US car firms returns to black: Henry Ford, Chrysler, General Motors go back to classics

US car companies returns to black: Henry Ford, Chrysler, General Motors, Nissan go back to classics
In the century since the first Model T in 1908, Ford’s vision of top-down efficiency has been swamped by thousands of feature and color combinations on new cars, trucks and SUVs. The result, executives say, has been higher production and [...]

Cadillac: Glorious History, Owned by General Motors

Cadillac: Glorious History, Owned by General Motors
Owned by General Motors, Cadillac is America’s most prestigious domestic luxury automaker. For most of its existence, the company was known exclusively for its cushy, senior-friendly sedans, but in more recent years the automaker has revised and expanded its lineup in a successful effort to attract a new, younger [...]

General Motors and three suppliers in credit ratings review upon disruptive strike at American Axle

General Motors and three suppliers in credit ratings review upon disruptive strike at American Axle
Standard & Poor’s said that it was reviewing the credit ratings of General Motors and three of its large suppliers in response to an unexpectedly disruptive strike at American Axle, a Michigan-based parts maker.
GM shares fell 7.2 per cent to $17.83, [...]