General Motors
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DETROIT — General Motors executives say they are being inundated with e-mail messages — sometimes 300 or more in one day — from Camaro enthusiasts who are anxious to get their hands on a production version of the concept car shown in January at the North American International Auto Show. "People will not get off Camaro," Bob Boniface, GM director of advanced design, told Inside Line. "Those people were hurt when that car went out of production, and they're letting us hear about it." IL reported in January that GM expects to build the Camaro by 2009, according to supplier sources. Boniface would not confirm last week's reports in a Canberra, Australia, newspaper that a …
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http://www.foxnews.com/story/0,2933,193793,00.html
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RENAULT-NISSAN BOSS PREDICTS RECOVERY FOR GM 1 2 3 4
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NEW YORK, April 12, 2006 (AFP) - Celebrated auto boss Carlos Ghosn, who knows something about resurrecting dying car companies, predicted Wednesday that troubled US giants General Motors and Ford would recover and prosper. The Brazilian-born Frenchman, who rescued Japan's Nissan Motor from bankruptcy, dismissed speculation of GM's imminent demise as the world's biggest carmaker struggles to reverse huge losses and falling US sales. "I don't think so," he told the CNBC network from the New York International Automobile Show when asked if GM could go bankrupt. "I think there is a lot of potential and the car manufacturer can come (back) from any situation, as…
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http://www.foxnews.com/story/0,2933,193793,00.html
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Link to Article
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http://www.autonews.com/apps/pbcs.dll/arti...1/1003&refsect= I said it here long ago, to much derision I recall. I used the words "dead as a doornail". And it is indeed very much dead. (AutoNews reporting) NEW YORK -- General Motors has canceled the vehicle that was supposed to replace the Saturn Ion and is urgently seeking an alternative. As a result, Saturn dealers are likely to be left without an entry-level vehicle for several months next year, company officials acknowledge. ....General Motors might consider rebadging a vehicle from its overseas product portfolio, such as the Opel Astra....
Last reply by Chicagoland, -
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I was looking through all of the 2007 model guides and it looks like a year of retrenchment...not much new, not much different in the way of colors and trim and virtual duplication of ordering groups/patterns. Say I wanted a telescopic wheel or a folding front bucket seat outside of an option group. It's almost as it they are saying "take it or leave it." Are any juicy new platforms or extensive face lifts due in 2008 or 2009? Good Gawd. Are you feeling the same way - kind of ambivalent about the upcoming model year?
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The GM/DCX/BMW Hybrid System Unveiled The American (GM), German (BMW) and bi (DCX) automakers have joined forces on a hybrid project that aims to compete with the likes of Toyota Hybrid Synergy Drive. The two-mode hybrid system promises increased fuel economy and overall performance compared to conventional single-mode hybrids. Check out the full story on this latest evolution in hybrid technology. Read "GM, DaimlerChrysler, BMW Premiere Unprecedented Hybrid Technology" @ The Auto Channel
Last reply by pow, -
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http://www.autonet.ca/News/story.cfm?story...1549930-cp.html Too bad this list doesn't include j-bodies...I could really use $6,000
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http://www.autoblog.com/2006/04/23/did-a-g...ge-for-kind-wo/
Last reply by Mr.Krinkle, -
There are many varying opinions about what will happen to GM in the future. Auto analyst Maryann Keller has given her thoughts to a group of Virginia auto dealers. Among other statements, she believs that Pontiac and Buick will "disappear within the next five years." To view the entire article, click here.
Last reply by Mr.Krinkle, -
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This made me smile. Without a doubt, the coolest business card I've ever seen, even if it doesn't mention GM. http://www.edmunds.com/insideline/do/News/articleId=110163
Last reply by Newbiewar, -
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http://www.cnn.com/2006/AUTOS/04/25/big_en...reut/index.html
Last reply by Robert Hall, -
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By now you all may have picked up on the fact that i refresh my leftlanenews.com about every 30 seconds, one of their latest postes is a review of where GM would be right now without the UAW, it is a great read you all should check it out. http://www.leftlanenews.com/2006/04/21/whe...ithout-the-uaw/ here are a few excerpts http://www.leftlanenews.com/2006/04/21/whe...ithout-the-uaw/ ***** No offense to any UAW members intended by posting this article
Last reply by CARBIZ, -
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Just caught Wind Tunnel tonight. Robin Millers [indianapolis Star] was on with his scoop that the word going around the pit areas in IRL and NASCAR have Roger possibly going to lead GM. Miller said he is following up on this and will report more later. He said he needed to shake out more info on it this week from team members in both series. I know this one comes up every few months and there is most likley nothing here as usaual, but it is the first time I have heard that race teams are passing the word around on this topic. Hmmm can you imagine a GM leader racing Dodge's, Porsche and Honda. GM could give him some token C6R's as a signing bonus.
Last reply by FUTURE_OF_GM, -
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BRASELTON, Ga. — General Motors Performance Parts will unveil its new "Power Shop" exhibit this weekend at its Year One Experience, the annual convention of horsepower and speed here. The exhibit will then travel cross-country, making appearances at NHRA, NSRA, Good Guys and Super Chevy events. The automaker says the exhibit is dominated by a fully operational GMPP ZZ572 big-block crate engine that makes 720 horsepower, as well as a drag-racing simulator. Participants will be strapped into a Super Gas dragster and experience what it's like to rocket down the quarter-mile. Six-time NHRA Pro Stock Champion Warren Johnson and noted drag-racing instructor Frank Hawley act…
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http://eogld.ecomm.gm.com/dmdindex.htm Select 2007, select make and model, click "Print Book". Nothing will actually print. The guide will open as a PDF file. -Andrew L
Last reply by turbo200, -
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An April 13, 2006 article from Business Week gives Bob Lutz the chance to speak on GM's behalf. To view the piece, click here.
Last reply by ellives, -
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GM's press push continues, with Rick Wagoner answering questions from Paul Solman, Economics Correspondent for PBS' NewsHour with Jim Lehrer. To view a transcript of the interview, dated April 20, 2006, click here.
Last reply by haypops, -
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Some optimistic news amidst months of disconcerting reports. Seems the GMT-900s are aiding GM's turnaround despite doubt expressed by the media. Significant improvement in the financial results of GM's automotive units and actions to improve efficiency are beginning to show signs of success: ---------- GM Losses Narrow in Q1 GMAC and others help out North American losses. General Motors Corp. reported a narrower first-quarter loss and beat analyst estimates with the help of profits from GMAC and its automotive units in Europe, Asia, and Latin America. GM reported it lost $323 million, or 57 cents a share, compared to the loss of $1.25 billion, or $2.22 a share, a…
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The State of General Motors: Q1
Last reply by Ravenfreak13, -
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http://www.youtube.com/watch?v=8ZabkkOoTHk Man they know how to have fun...wish I could do something like that.
Last reply by Polish_Kris, -
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DETROIT - General Motors Corp. reported a first-quarter loss of $323 million Thursday, the sixth straight quarterly loss for the world's largest automaker. The loss of 57 cents per share for the January-March period was narrower than a loss of $1.3 billion, or $2.22 per share, in the first quarter of 2005. GM said revenues were up 14 percent to a record $52.2 billion from $45.8 billion a year ago, thanks in part to strong sales in Asia and Latin America and improvements in North America, including better pricing. "The first quarter represented an important milestone in GM and GM North America's turnaround," GM Chairman and Chief Executive Rick Wagoner said in a statem…
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From Auto Extremist: "by Ethanol Boy Thinking The Unthinkable. Detroit. It has come to our attention that serious discussions are taking place for the first time in the conference rooms of one domestic manufacturer in particular on a subject heretofore unthinkable in Detroit. The subject? Pulling out of NASCAR. Yes, it has been mentioned before, and I have predicted it for months now - ever since the announcement was made that Toyota would be buying its way into the France family circus - but we have confirmation that not only are the discussions taking place, they're so far down the road that a timetable for a pullout has been created, taking into account the end …
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Now the New York Times has talked with Bob Lutz about GM's present and future state. To view the article, "G.M. Vice Chairman Rebuffs Critics of Turnaround," click here.
Last reply by Mr.Krinkle, -
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1) GMT900 2) Saturn And? Show me the bright spots. And for once, let's leave Toyota out of the discussion. Please stay on topic.
Last reply by I hope GMRULES again, -
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http://www.autoblog.com/2006/04/20/general...nches-new-blog/ http://fyi.gmblogs.com/ i hope this hasnt already been posted, if so please delete
Last reply by BigPontiac, -
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this article is FOGM BAIT! Auto Extremist and not really in a bad way!
Last reply by turbo200, -
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http://www.autoblog.com/2006/04/14/gms-hot...re-selling-out/
Last reply by turbo200, -
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The press barrage is mounting, and the Detroit News is reporting it, too: "Lutz: GM back in driver's seat by 2011." To read the article, which has additional or slightly different quotes than the New York Times, click here.
Last reply by FUTURE_OF_GM, -
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IIHS, then scroll down "In both tests there were problems with the seats in the middle row. With the optional side airbags, all four attachment points for the seat occupied by the rear passenger dummy completely dislodged. The seat broke free. In the second test without side airbags, one attachment point released and a second one broke, allowing partial separation of the seat from the floor."
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General Motors Spending $17 Million a Year on Viagra and Other "Lifestyle" Meds Date posted: 04-17-2006 DETROIT — General Motors' spiraling health-care costs are a well-known problem area. Now, embarrassment is added to the list of its troubles as the Detroit News reports $17 million was spent last year for plan participants' "lifestyle drug" prescriptions. In fact, General Motors is the world's largest private buyer of Viagra, the paper says. General Motors' total health-care expenses add up to $5.6 billion a year and cover 1.1 million workers, employees and their dependents, the paper reports. The co-pay on Viagra and other such medications is $18 according to GM'…
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Reuters / April 13, 2006 - 3:00 pm / UPDATED: 4/13/06 4:30 P.M. DETROIT (Reuters) -- General Motors said on Thursday it expects to see net cost savings of about $13 billion over six years from its health-care deal with the United Auto Workers union. GM, in a Securities and Exchange Commission filing, said it will begin accounting for its contributions to the Defined Contribution Voluntary Employees' Beneficiary Association, or DC VEBA, during the first quarter of 2006 and will take a $1 billion charge before taxes in the quarter. GM said it will begin to realize a reduction in health-care expense in the third quarter. Under the agreement struck between GM and the…
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GM, Ohio Workers Reach Tentative Agreement
by Guest Josh- 1 reply
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General Motors Corp. and workers at its assembly plant in suburban Moraine have reached a tentative contract agreement that would put the facility in position to build a new generation of sport utility vehicles, a GM official said Wednesday. GM declined to comment on the details of the contract. The International Union of Electronic Workers Local 798, which represents the plant's workers, didn't return a call for comment but its Web site confirmed an agreement had been reached. The site offered no details on the contract. The plant's future was put into question in February when GM said the workers would have to become more competitive in producing vehicles. There were …
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Joint Funds
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Detroit Free Press Nation/world business AUTOS: GM to spend $3 billion on health fund April 14, 2006 Email this Print this General Motors Corp., the world's largest private provider of health care, will report a first-quarter expense of as much as $3 billion to create a fund to pay future retiree health care costs. The fund requires the company to set aside $1 billion annually in 2006, 2007 and 2011 to offset increased health care costs to retired workers, a federal regulatory filing Thursday shows. It is part of an agreement to get a pretax savings of about $3 billion a year in health care costs from union workers. The October agreement requires more than 475…
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It appears the proverbial "it" will hit the fan tomorrow morning, young and old a like at all levels of the org chart will be told to leave. Select GM 8th level and above managers will be shown the door. Black Tuesday is designed to shake things up at General Motors. I am lead to believe that app. 2,700 employees will be let go thougout the organization, including managers this time. This is not a random firing. Every employee has a number assigned to them. A lot of this will be kept quiet for fear of potential law suits as a result of GM's actions.
Last reply by Camino LS6, -
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It has been revealed that Rick Wagoner was ready to resign, if the GM Board of Directors hadn't given him their vote of confidence. Click here for the report on msnbc.com.
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GM Needs a Leader Who Isn't Afraid to Redefine an
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GM Needs a Leader Who Isn't Afraid to Redefine an Icon By Carol Hymowitz From The Wall Street Journal Online Everyone these days is placing bets on whether General Motors can solve its morass of problems and earn money again. Chief Executive Rick Wagoner insists the company can, and that he's still the right man for the job. In a news conference last week, Mr. Wagoner listed the "dramatic moves" he has made to begin turning around the company. Among them: eliminating thousands of employees through buyouts, raising capital by selling a majority stake in GM's prized GMAC financing unit for $14 billion, and trying to halt the steep erosion of GM's U.S. market share…
Last reply by ellives, -
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Here is something about it but not much yet. Going from 3 to 2 shifts. http://www.wfmj.com/ArticleView.asp?ID=201 Tells how bad the Cobalt is selling.
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http://www.businessweek.com/autos/carswelove/ Lots of GM cars in the survey. See how your favorite rates.
Last reply by I hope GMRULES again, -
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http://www.autoindustry.co.uk/news/03-04-06_1 Sorry guys, the link is either slow, or not working. Try this one. http://biz.yahoo.com/prnews/060331/sff031.html?.v=38
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Link to Article
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Link to article
Last reply by rkmdogs, -
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With morale declining, younger talent is leaving Detroit, according to a report in Business Week Online.
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and......if I must say so......some very large volume highly respected dealers at that......... from an article in Automotive News: Despite GM's hardships, the board's endorsement has emboldened Wagoner's supporters. Just before the board's special Sunday meeting, two prominent dealers each wrote a letter to the board members in support of Wagoner. The two dealers – John Bergstrom, chairman of Bergstrom Automotive in Neenah, Wis., and Carl Sewell, chairman of Sewell Automotive Cos. in Dallas – are longtime friends of Wagoner's. Bergstrom, who owns 13 GM stores in Wisconsin, says several board members thanked him for the gesture. On April 4, The Wall Street Jour…
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The Steve Miller Band
by Guest buickman- 3 replies
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Live Bait & Ammo # 72 At the Detroit Economic Club Miller said that bankruptcy “is a growth industry in America.” It’s ironic that Miller thought the audience in Detroit would find his smugness amusing. I heard teeth grinding like a tranny that popped a drain plug. He claimed the typical bankruptcy costs “about $100 million a year in professional fees.” He did not include the social costs, i.e., the losses to workers, investors, and taxpayers. If we provide enough carcasses, the vultures will flourish and the restructuring of America—lost jobs, lower wages, higher health care costs, and defunct pensions—will create new opportunities for bankrupt…
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Information to be released tomorrow. http://www.drive.com.au/editorial/article....vf=2&bg=32&pp=0
Last reply by Camino LS6, -
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i got the new consumer reports with the sports sedan write up. im a newbie by the way, hope you dont hold that agaist me. anyway so, in this issue there were 6 cars. the lexus won. the main low point was that it, "lacks a sporty feel" this is the sports sedans. i thought it funny. they also tested the cts. it placed above the MB c230. but it was 11th of the 18th listed. this gets better. the lexus was bested by the hybrid honda accord and vw passat. the tl won overall. the 'ac. they also made special mention that all models came with base engine and automatic tranns. the audi did well but said a lot of bad things about it. engine noise and rid…
Last reply by Mr.Krinkle, -
When Billy Met Ricky
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From www.thetruthaboutcars.com General Motors Death Wtach 65 10 April 2006 By Robert Farago I wonder what Billy Durant would have made of Rick Wagoner. GM's founder was a man of great honesty, intelligence and drive. He was also a high school drop out who started the company with a $1000 loan-- and ended-up penniless. Twice. Perhaps that's why historians tend to credit General Motors' epic growth to the man appointed president in 1923; about whom an observer wrote, "The manufacture of correct assessments, not physical products, is what most gratified Alfred Sloan." Billy was the “car guy.” Alfred was the “bean counter.” The history of GM is the history of the str…
Last reply by w00t_man, -
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Zurich — General Motors (GM) sold 522,200 vehicles in Europe's total vehicle market in the first quarter of 2006, an increase of 8,100 units or 1.6 percent over the same period last year. GM's first-quarter share increased slightly from 2005's full year share of 9.4 percent to 9.5 percent. In March of 2006, GM sold 241,160 vehicles in Europe, up 6,570 units or 2.8 percent. This represents a market share of 10.2 percent, 0.2 percentage points below last year's record share of 10.4 percent. First-quarter sales growth for GM, compared to the same period a year ago, was particularly marked in Russia (+ 25.6 percent), the Netherlands (+ 22.6 percent), Sweden (+ 20.6 percent) a…
Last reply by Newbiewar, -
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AUTOS: Dealers support GM's Wagoner April 8, 2006 General Motors Corp. car dealers also threw their weight behind chief executive Rick Wagoner on Friday, days after the automaker's board of directors expressed a vote of confidence in him. Dealers, including the heads of AutoNation Inc. and UnitedAuto Group Inc., placed a full-page ad in the Wall Street Journal on Friday stating that "Rick Wagoner and GM are taking very bold steps and they are making a difference." "America loves a good comeback story, and GM is going to be one of the best." Full Article Direct URL: http://www.freep.com/apps/pbcs.dll/article...ESS07/604080332
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This is opinion but it mirrors my sentiments about GM, the UAW, DPH, etc... Strike? Consumers Couldn't Care Less By Warren Brown Sunday, April 9, 2006; Page G02 At last word, negotiators for the bankrupt Delphi Corp. and the United Auto Workers were at loggerheads. Delphi, once one of the world's greatest automotive parts suppliers, last week petitioned the U.S. Bankruptcy Court for the Southern District of New York for release from its labor agreements with the UAW and other unions. The petition, part of a larger plan to restructure Delphi into a smaller, more efficient company, also asks that Delphi be allowed to alter certain contracts between itself and its large…
Last reply by CARBIZ, -
Face the Nation
by Guest buickman- 1 follower
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Word is that G. Richard Wagoner will be a guest today at 10:30AM on "Face the Nation". Our failed CEO has been making the rounds of newspapers, radio, and television at a frantic pace. Mr. Steve Harris, the PR director brought back to save the day, has pulled out all stops in a desparate effort to build goodwill, and offset the stampede of calls for his boss to resign, or be fired. In my opinion, General Motors would be far better served if "Red Ink Rick" were instead simply made to "Face the Music"!
Last reply by Mr.Krinkle, -
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What has caused "GM's Quality Quandry," and how can they fix it? Here's one view, from Mark Phelan in the Detroit Free Press.
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60 Minutes Sun 7pm 1 2
by evok-
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http://www.cbsnews.com/sections/60minutes/main3415.shtml Watch the Prieview - Nice Screen Shot at the End for Someone to Capture
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Judge approves Delphi-GM-UAW attrition plan By Nick Zieminski Fri Apr 7, 6:43 PM ET Bankrupt auto parts maker Delphi Corp. (Other OTC:DPHIQ - news) won court approval on Friday for its attrition agreement with former parent General Motors Corp. (NYSE:GM - news) and the United Auto Workers Union. The deal frees Delphi to offer GM-funded retirement incentives to about 13,000 UAW members, and allows 5,000 workers a chance to return to factory jobs at GM. Delphi, which last week asked the court for permission to reject its labor contracts, has described the attrition plan as a first step to slashing wage and benefit costs and reversing losses in its U.S. operations. "We …
Last reply by Robert Hall, -
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http://www.detnews.com/apps/pbcs.dll/artic.../604060387/1148 They are setting themselves up for an " If they U.S. is'nt good enough for GM, Then GM is'nt good enough for the U.S. campaign." Right now America is Cheating on GM. The Question is will there be a Divorce?
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IL Exclusive: OnStar To Help Customers Find Ethanol Date posted: 04-08-2006 DETROIT — OnStar President Chet Huber said his company will unveil a new service in June to let customers know if their vehicle is E85 compatible and help them find ethanol filling stations. Customers will receive an e-mail telling them where ethanol filling stations are in their area — or they can press the OnStar button in their vehicle and get help from a representative. Huber said OnStar is also working on another new service that would alert customers when their tires are underinflated. "Even minor underinflation has an impact on fuel economy," Huber said. He would not say when that serv…
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Auditors
by Guest buickman- 1 follower
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Reuters Navistar fires long-time auditors; to restate profits Friday April 7, 5:22 pm ET CHICAGO (Reuters) - Truckmaker Navistar International Corp. (NYSE:NAV - News), which earlier this year had blamed its long-time auditor for a delay in filing its annual report, said on Friday it has fired the auditor and will restate earnings going back to 2002 to fix accounting errors. The Warrenville, Illinois-based company said its audit committee had terminated its 98-year relationship with Deloitte and Touche and hired KPMG as its new independent auditor. Earlier this year, Navistar failed to file its Form 10K annual report with U.S. regulators and blamed the delay on …
Last reply by ellives, -
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Ya know... just because you don't agree with him, PLEASE Mr. Flybrian, let's let the community manage the unruly. Closing a topic is unnecessary and rude. As soon as they user community gets a wiff of this, they'll be gone quicker than Ralph Nader on a bad suspension design.
Last reply by hyperv6, -
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Tulsa Transit Enlists GM Hybrid Bus Note: Not actual bus. General Motors reported today that Tulsa, Oklahoma has become the 33rd city to invest in their hybrid bus technology. The benefits of the hybrid bus come in the form of increased fuel economy and lower emissions compared to diesel buses. GM also cites lower maintainence costs, faster acceleration and quieter operation as additional pluses. "This new hybrid bus is a great addition to our fleet,” said Tulsa Transit General Manager Bill Cartwright. “It will serve as a reminder to all of us that we really do have clean air transportation alternatives available. This is important because Tulsa has serious air quali…
Last reply by PurdueGuy, -
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GM'S Rick Wagoner: We can do it 'The future of the company is held in balance by the actions that we all take in a relatively short period of time.' Bill Vlasic and Brett Clanton / The Detroit News DETROIT -- Wall Street is trashing his stock. Analysts are predicting a bankruptcy. Critics in the media say he should be fired as chairman of General Motors Corp. But Rick Wagoner is not about to give up the wheel at GM -- or deviate from the plan he believes can restore it to greatness. "I'm doing what I'm doing because I love General Motors," Wagoner said Tuesday. "I think it's very important what we're doing in the company, and I think I'm by far the most qualified per…
Last reply by CaddyXLR-V, -
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Edmonton Sun Article When I bought my first car, a Toyota Tercel, in Winnipeg in 1985, they were so popular there was only one left in the city. It was red. I snapped it up. Two decades later, Japanese vehicles are even more popular. For the first time, Japanese automakers made more vehicles in North America last year than General Motors, according to a new Scotiabank report. Faced with ongoing losses in market share, GM reduced its vehicle production in North America to 4.6 million vehicles in 2005. In contrast, Japanese automakers boosted their vehicle assembly here by 12% to 4.8 million cars and light trucks. In 1985, when Japanese manufacturers were starting to…
Last reply by Sixty8panther, -
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NEWSWEEK INTERVIEW: Rick Wagoner CEO of General Motors Feels 'Completely' Secure in His Job: 'I Know in the End, All of Us Are Going to be Judged on Accomplishments' On Calls For 'New Blood' in GM Management: 'That Is So Simplistic ... That Would Be The Biggest Risk I've Ever Heard Of' NEW YORK, April 2 /PRNewswire/ -- General Motors CEO Rick Wagoner tells Newsweek's Detroit Bureau Chief Keith Naughton he is particularly annoyed by critical media coverage that fails to acknowledge any progress at the troubled company. "They talk about that we are not moving to address the problems," he tells Naughton in the April 10 issue (on newsstands Monday, April 3). "I want to say…
Last reply by Croc, -
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http://www.vegas.com/attractions/on_the_st...m_thedrive.html Can't wait...superb marketing!
Last reply by ToniCipriani, -
Malice in Motorland
by Guest buickman-
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If you are interested in seeing one of the greatest propaganda efforts of all time, purchase tomorrow's Wall Street Journal. Mr. Steve Harris (The Rushing Rabbit), recently recalled director of PR at GM, has taken it into overdrive. First, he arranged for "Red Ink Rick" to be interviewed by anyone willing to "Paint the Roses Red". Now, rushing additional "Mad Chatter", the WSJ is the medium of choice. There you will find an advertised letter of support from the National Dealer Council glowing with accolades in support of Mr Wagoner, whom the New York Post called "the worst CEO since Chainsaw Al Dunlap". Without question, they are very concerned, even extremely worried…
Last reply by Flybrian, -
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GM CEO Bob Lutz is a Blackberry Addict
by Guest Josh-
- Editor-in-Chief
- 20 replies
- 2.9k views
Robert Lutz’s boss and wife both complain about the amount of time he spends on his BlackBerry according to Automotive News. But the General Motors product czar insists he wouldn’t be without the wireless communications device.”It’s an intimate part of my life,” Lutz says. “I use it constantly. It’s 80 percent professional, 20 percent personal.” Executives say the wireless devices help them stay connected to work around the clock, from anywhere in the world. The devices allow them to get out of the office and still get their work done. If an on-the-job crisis strikes, they add, the devices keep them accessible. Lutz exemplifies both the risks and the rewards. He told Au…
Last reply by Satty, -
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Flint Journal Letter to the Editor
by Guest buickman- 3 replies
- 987 views
GM management to blame FLINT JOURNAL LETTER TO THE EDITOR Tuesday, April 04, 2006 by Theodore Edick Let's take a look at some of the decisions General Motors' top-level management has made over the years, and it will be easy to see why it is in the fix it's in. Several years ago, the Oldsmobile Cutlass was the third-best-selling nameplate behind Chevy and Ford. So GM canceled that car, and eventually did away with the entire Oldsmobile division. Not many years ago, Buick LeSabre was the best-selling Buick, so GM did away with that nameplate. Also Buick's best-quality LeSabre plant was the Buick City plant in Flint, and GM not only stopped production at t…
Last reply by The O.C., -
- 1 follower
- 4 replies
- 1k views
As I've said many times before, I see GM selling parts of itself off to the Chinese eventually. Maybe it's brand names, personnel, factories, tooling, or some combination of some or all. But this is the next step as sure as it was for MG Rover. If Saturn's new Opel strategy fails and GM is still running red, a buyer like SAIC would have a pretty nice dealer network already in place. The same could be said for Saab or Hummer or Buick or Pontiac. The Chinese are now the world's largest foreign holders of dollars. Something must be done with these dollars, and the Chinese want to become respected auto players on the world market. 2 + 2 equals 4. Don't think breaking …
Last reply by thegriffon, -
- 1 follower
- 19 replies
- 3.8k views
GM to build a new plant in Mexico Jamie LaReau | | Automotive News / March 30, 2006 - 8:15 am DETROIT -- General Motors will start construction on a new assembly plant in San Luis Potosi, Mexico, sometime in May. GM will build compact and sub-compact vehicles at the new facility to be sold only in Mexico, says Carlos Gelista, director of public relations and government relations for GM Mexico. The plant, which should be running sometime in 2008, will assemble about 30 vehicles per hour and employee about 1,800 people, Gelista says. The cost to construct and equip the new plant will be between $600 million to $650 million. Part of that will be paid by the Mexican…
Last reply by -Camaro-, -
- 20 replies
- 3.2k views
http://www.msnbc.msn.com/id/11677325/site/newsweek/ Detroit Muscles Up Hold the obit! Motown finds some new life by reviving its monster hits of the motorway. By Keith Naughton Newsweek March 13, 2006 issue - GM chief designer Ed Welburn sweeps into his Chevrolet design studio and it's as if he were stepping back in time. On one side of the cavernous white room, designers huddle over a silver retro remake of the Chevy Camaro. A few steps away, stylists scurry around a future Chevy family car that ripples with sinewy muscles from a bygone era. Papering the walls of the studio are photos of classic iron from Detroit's halcyon postwar years—the chiseled '65 Chevy Impa…
Last reply by Intrepidation, -
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by Chris_Doane- 17 replies
- 2.4k views
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Last reply by FUTURE_OF_GM, -
Maximum Bob vs "Red Ink Rick"
by Guest buickman- 1 follower
- 16 replies
- 1.8k views
My friend Jerry and I often disagree. today we are in complete agreement: What About Bob? Jerry Flint, 04.03.06, 2:30 PM ET "New York - General Motors just announced that it is selling 51% of GMAC, its moneymaking vehicle-financing arm, for $14 billion cash over three years, including $10 billion by the end of this year. The buyer is an investment group led by Cerberus Capital Management. GM (nyse: GM - news - people ) should pour every penny of the sale's proceeds into new vehicles and new technology. Unfortunately, it is likely that much of the money will go into what I call the burial fund--money to pay off workers to retire early and give up benefits; money to…
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The GM CTS Shots
by Guest Josh-
- Editor-in-Chief
- 14 replies
- 2.1k views
Obviously, they are meant to "rally the troops" in an attempt to get the media and enthusiats shouting the praises of the company but lets look at one thing. With the exception of the sure-fire hit of Cadillac.....what has General Motors done to build on any brand, at all? They are slowly working into a "new" look for Chevrolet and Buick. Over at Pontiac the only thing selling is the Solstice, however the company plans for no different variants of the Kapppa which I feel is SUICIDIDE! Also, the Camaro is as you see it. Nothing more, nothing less. But, what about the Buick? The Pontiac? GM was quick to say "lets look at our hottest brand" but lets not. Lets inst…
Last reply by regfootball, -
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- 7 replies
- 1.9k views
As it sits Sunday night, prospects for a morning sale announcement of 51% of GMAC to the Cerberus-led group are looking nothing short of terrific. Here's hoping it's all we're talking about tomorrow morning! I'd planned on a "Spring ahead" hangover, but - alas - feel compelled to set the alarm in time for "Squawk Box"...
Last reply by Newbiewar, -
- 1 follower
- 14 replies
- 2.2k views
Simple question: What would happen if Delphi strikes and sends GM into Chapter 11? Things I think can happen: 1. Immediate renegotiation of UAW contract. 2. Immediate renegotiation of plant contracts. 3. Immediate renegotiation of Delphi and other supplier contracts. 4. Ford declaring chapter 11 also, maybe Chrysler. 5. Court letting some assets be sold off (remainder of GMAC, Hughes). 6. Freeze in product development. Things I don't think will happen but possibly could: 1. Renegotiation of dealership contracts (hoping for this one). 2. Voiding of warrenties. Also how would the stock react? How would GM be better able (or less able) to fight Toyota a…
Last reply by Chicagoland, -
- 2 replies
- 917 views
Okay, let's say that the board of directors decides to fire Rick Wagoner sometime in the near future. The question now is: Who takes his place? This is a question that I have been pondering over for the last few weeks. Some members of this forum seem to be hell-bent on seeing Wagoner get the boot, regardless of what the fallout would be. Others feel that Wagoner is doing as good a job as possible given the circumstances, and should not be fired at all. Still others (myself included) think that, while change at the top would be beneficial, there isn't much point in firing Wagoner if he would be replaced by another equally inneffective, GM-enculturated administrator; the…
Last reply by red, -
- 1 follower
- 21 replies
- 2.4k views
http://money.cnn.com/2006/03/31/news/compa...dex.htm?cnn=yes GM problems: Deeper than Delphi The brewing battle between Delphi and its unions don't help, but General Motors has a lot of other headaches to worry about. By Chris Isidore, CNNMoney senior writer March 31, 2006: 3:09 PM EST NEW YORK (CNNMoney.com) - One of these days General Motors will have some good news. But it's tough to remember the last time it had one of those days. Friday certainly wasn't one as bankrupt auto-parts supplier Delphi asked a bankruptcy court to throw out its union contracts and the United Auto Workers union vowed a long and crippling strike in that event. Such a strike would quickl…
Last reply by regfootball, -
Delphi Files Motion To Dismiss Contract
by Guest Josh- 1 follower
- 29 replies
- 4.9k views
Delphi Outlines Transformation Plan Outlines strategic path to 2007 emergence from Chapter 11 Continues negotiations with U.S. unions and General Motors toward consensual agreement to transform to a competitive U.S. labor cost structure Initiates "dual track" Bankruptcy Court process to reject collective bargaining agreements and certain unprofitable General Motors contracts Company will retain and grow core business product lines and realign manufacturing footprint; non-core businesses to be sold or wound-down by 2008 Global salaried workforce to be reduced by 25% through portfolio and product transformation and SG&A cost savings initiatives Hourly and salaried…
Last reply by Hey Now, -
- 17 replies
- 2k views
12:01 ET AP - General Motors CEO Rick Wagoner announced his resignation today amidst persistant rumors of an impending boardroom coup. Although the GM Board of Directors have not commented to the media, speculation within the industry has suggested that the recent appointment of board member Jerry York could have been the catalyst for Wagoner's resignation. Before being appointed to the board, York had publicly commented that GM should sell off the underperforming SAAB and HUMMER brands, a strategy Wagoner openly opposed. Within certain industry circles Wagoner has been known as "Red Ink Rick," a nickname that references GM's spiral toward bankruptcy and an SEC probe …
Last reply by FUTURE_OF_GM, -
- 1 follower
- 2 replies
- 924 views
http://www.nytimes.com/2006/04/01/business...fUvdvtEuVokkYBQ April 1, 2006 Car Parts Maker Moves to Break Its Union Deals By MICHELINE MAYNARD DETROIT, March 31 — Delphi, the nation's biggest auto parts maker, on Friday asked a federal judge for permission to throw out some of its labor agreements, a move that could cost 20,000 union workers their jobs and leave thousands of others with less than half their current wages. Delphi, which is operating in bankruptcy, wants the judge's permission to impose sharply lower wages and benefits on six unions, setting up a confrontation that its largest union, the United Automobile Workers, said could lead to a lengthy strike.…
Last reply by CARBIZ, -
- 1 follower
- 33 replies
- 4k views
http://news.yahoo.com/s/ap/20060330/ap_on_...DNqBHNlYwM3NDk- DETROIT - Auto supplier Delphi Corp. is expected to ask a federal judge to cancel its union contracts Friday, an action that could lead to a devastating strike, the United Auto Workers said. ADVERTISEMENT Delphi had set a deadline of Thursday to reach an agreement with its unions and General Motors Corp. that would lower wages for its 34,000 U.S. hourly workers, but it appeared unlikely Delphi would meet that goal. In a message on its Web site Thursday, UAW said Delphi would file motions to void its contracts on Friday morning. A message was left seeking comment from Delphi. The UAW, which represents t…
Last reply by eaton53, -
GM Files 10-K Report; Restates Earnings From 2000
by Guest Josh- 31 replies
- 2.8k views
DETROIT – General Motors Corp. (NYSE: GM) today announced that it had finalized its 2005 financial results and filed its annual report on Form 10-K with the Securities and Exchange Commission. In addition, GM also included restated results for the years 2000 - 2004 on Form 10-K/A, as expected. GM concluded its internal review involving the classification of cash flows principally at Residential Capital Corp. (ResCap), the residential mortgage subsidiary of GMAC. Revisions were made to the consolidated statement of cash flows for GM for 2002-2004, while the 2005 annual statement of cash flows was finalized and reported for the first time today as part of the 10-K filing.…
Last reply by 97regalGS, -
GM Makes $4 Mil Accounting Mistake; Refuses $ Back
by Guest Josh-
- Editor-in-Chief
- 7 replies
- 1.4k views
General Motors has been in the spotlight lately with financial problems, and now one big mistake cost the company a lot of money. GM owed Jack Paulis, owner of Paulis J.R. Industries, $1,900, but through an apparent accounting error, transferred nearly $4 million into Paulis’ account, Local 4 reported. The error occurred when GM ordered one part for $1,988, but somehow the statement was noted as ordering 1,988 parts, and transferred the appropriate funds to cover what was believed to have been the accurate amount. Paulis said he was having a hard time returning the money, and when he made attempts to call it seemed as though they didn’t care and they showed no sense of…
Last reply by Drew Dowdell, -
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Media Bashing for 3/30/06
by Guest Josh- 1 follower
- 27 replies
- 2.8k views
Each day I plan to take a look at what the "major players" are saying in the news about General Motors. For instance, the US Government has voted to change the U.S. fuel economy rules for large S.U.V.'s For this brings me to my very first exhibit: The Fox News Channel. Take a look at the very first paragraph, all General Motors products mentioned, however we know for a fact that more vehicles on the market from foreign competition have worse fuel economy for what they offer. Exhibit #1: BALTIMORE — The Bush administration issued new rules Wednesday ratcheting up gas mileage requirements for pickup trucks, sport utility vehicles and vans, for the first time covering th…
Last reply by Hudson, -
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- Editor-in-Chief
- 4 replies
- 2.8k views
GM Statement Regarding Possible Sale of Isuzu General Motors (NYSE: GM) acknowledged today that it is discussing the possible sale of Isuzu Motors Ltd. shares owned by GM in a private transaction. Isuzu is a core alliance partner with which GM has many long-term mutually beneficial projects and the level of activity between the two companies continues to increase. GM would not expect any sale of its Isuzu shares to have any effect on this important strategic alliance. There can be no assurance that any transaction will result from these discussions and it would, therefore, be inappropriate to comment further. Link: http://media.gm.com/servlet/GatewayServlet...n=3&…
Last reply by Mr Plow 2500HD, -
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- 1 follower
- 50 replies
- 6.3k views
http://news.yahoo.com/s/ap/20060323/ap_on_bi_ge/gm_gmac DETROIT - General Motors Corp. said Thursday that it is selling a majority interest in its commercial mortgage division for $1.5 billion in cash to a private investment group. In addition to the cash payment for a 78 percent stake in the business, GM said that GMAC Commercial Holding Corp. has also repaid $7.3 billion in intercompany loans as part of the deal. That would boost the total proceeds from the deal to almost $9 billion. The announcement comes a day after the world's biggest automaker and its major supplier, Delphi Corp., said they plan to offer buyouts to more than 125,000 hourly workers under an agree…
Last reply by ellives, -
- 10 replies
- 1.3k views
Ouch. http://www.thetruthaboutcars.com/content/1...10883/index.php
Last reply by Croc, -
GMT900 Pick-Ups Launch In 6 Months
by Guest Josh- 6 replies
- 1.5k views
During the ongoing conference call regarding U.S. sales update it was mentioned that the GMT900 pick-ups will begin production in 6 months. Production on the current GMT800's will "wind down" and GMT900 production of pick-ups will begin. The first of the models will be the crew cabs, with heavy duty sales beginning later in 2007.
Last reply by turbo200, -
- 6 replies
- 3.4k views
Edmunds: Spy photos: 2007 Suzuki XL-7
Last reply by Mule Bakersdozen LS, -
- 2 replies
- 974 views
http://biz.yahoo.com/rb/060329/autos_isuzu_gm.html?.v=1
Last reply by Newbiewar, -
- 2 replies
- 1.1k views
http://forums.anandtech.com/messageview.as...9&enterthread=y Does anyone ever get held accountable at GM? Either GM's webmaster purposefully sabotaged a very expensive product placement campaign, or it was just plain old stupidity putting up anti-GM ads on the website. But the import lovers and assorted GM haters once again get the last laugh.
Last reply by andy82471, -
- 3 replies
- 1k views
GM Says Pricing Is Working PR spin prefaces sales figures due out this week. by Paul A. Eisenstein (2006-03-27) The "top-line" story isn't a good one for General Motors. The automaker expects to report a one-percent decline in first-quarter U.S. market share when March numbers are tallied up at the end of this week. But digging just a little deeper would reveal a more positive picture, senior company officials asserted during a Monday afternoon briefing for reporters. The decline in overall, or top-line, sales is largely the result of declining fleet sales, said GM's director of market analysis, Paul Ballew. On the retail side, he stressed, the automaker is act…
Last reply by daves87rs, -
- 11 replies
- 1.4k views
Wagoner's grades: Some A's, some nays Jamie LaReau | Automotive News / March 27, 2006 http://www.autonews.com/apps/pbcs.dll/arti...t=newsletter07#
Last reply by turbo200, -
- 5 replies
- 2k views
http://www.detnews.com/apps/pbcs.dll/artic...395/1148/AUTO01 Let me just say that this is the kind of thing that makes GM not just any other Fortune 500 company, or any other car company, but the stuff of legend.
Last reply by turbo200, -
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- Editor-in-Chief
- 18 replies
- 1.6k views
Here is a web site from down under claiming Holden may be put up for sale? www.theaustralian.news.com. makes this claim and points out for is in as bad of shape as GM but is in denial unlike GM which only is going to make things worse for Ford. I would like to say I don't think GM would sell Holden and this is just rubbish. Can anyone shead any light on this as just being a wild false story?
Last reply by Robert Hall, -
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- 20 replies
- 2.5k views
Auto sales fall in March Only BMW posts gain; figures for rental cars, fleets should boost the domestics. Josee Valcourt / The Detroit News U.S. consumers bought 13 percent fewer new cars and trucks during the first 12 days of March, a disappointing sign for automakers as they enter the important spring selling season, according to a survey released Monday. J.D. Power and Associates' Power Information Network said every major automaker, aside from BMW AG, posted a decline in retail sales during the period. The survey tracks sales at more than 10,000 dealers nationwide and doesn't include sales to fleet customers. Detroit's automakers fared worse than their top compet…
Last reply by jry, -
Thoughts From A UAW Family Member 1 2
by Guest Josh- 1 follower
- 63 replies
- 6.9k views
This year is going to be an incredibly life changing year for everybody related to the auto world. From employees being offered in excess of $100k that have over 30 years of service to a company to retire to the overall down sizing work force of manufacturing jobs. Looking at things, it's really kinda sad, yet sobering. What many people fail to realize is that people often tend to not retire because they have given their entire lives to General Motors, Delphi, or any other automotive manufacturer that they know no better. These workers have a family away from a family, and often times many can't leave their brothers or sisters in their UAW local. When people say that …
Last reply by The O.C., -
- 12 replies
- 4.9k views
If you visit Fusion Unleashed you can see three photos of the next generation Mazda 6. Does anyone have any information on this car?
Last reply by OCcarnut,
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