General Motors
2,315 topics in this forum
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Odds Are GM Will File For Bankruptcy, Says Bloombe
by Guest Josh- 1 follower
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Nov. 14 (Bloomberg) -- Derivatives traders are increasing bets that General Motors Corp. may follow Delphi Corp. and Delta Air Lines Inc. into bankruptcy after the disclosure of accounting errors and four straight quarters of losses. Traders last week demanded upfront payments in addition to annual premiums for derivatives contracts that protect owners of the Detroit-based company's debt should it miss a payment or declare bankruptcy. By doing so, traders relegated GM to the same status as Delphi and Delta just before those companies defaulted. GM, the world's biggest automaker, is losing U.S. market share to Asian rivals such as Toyota Motor Corp. and is …
Last reply by drew770, -
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Toyota, DaimlerChrysler, and Nissan-Renault are the only auto companies with enough money to buy a faltering GM. VW is about broke, Ford is in the red, BMW and Honda are too small. Here's my prediction...DCX. Zetsche takes over the helm...merges Mercedes, Chrysler and GM into a global juggernaut and moves the company headquarters to Detroit, so as to appease Americans. They'll probably get rid of some overlapping brands for N.A. GM has too many valuable assets around the world like Holden, Daewoo, Chevrolet, and Cadillac, and Opel. It's the largest automaker in China. GM will never disappear. Before they would go into a bankruptcy, I think the GM bra…
Last reply by jmore1276, -
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http://www.usatoday.com/money/perfi/column...-11-15-gm_x.htm
Last reply by Drew Dowdell, -
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http://www.billingsgazette.com/index.php?i...iness/52-gm.inc
Last reply by turbo200, -
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Anyone? I heard one person besides me mention it.
Last reply by arthur1957, -
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I only ask this question, if GM declares, only for the sole purposes of erasing their pensions debts and labor liabilities, will you ever buy a GM again? what do you think the general public will think? Will it hurt GM's long term sales to declare bankruptcy?
Last reply by capriceman, -
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By: Jamie LaReau Automotive News DETROIT -- General Motors is starting a national incentive program to run through Jan. 3 despite claims that it would hold to its value pricing strategy. The program, called GM Red Tag Event, starts Monday, Nov. 14, auto dealers say. A GM spokeswoman declined to comment on Friday, Nov. 11. Under the program customers can get any 2005 or 2006 Buick, Pontiac, GMC or Chevrolet car or light truck at the supplier price plus $100, several dealers say. The exceptions to the sale are the Pontiac Solstice, Chevrolet Corvette and new Buick Lucerne, they say. The supplier price is the price offered to employees of GM suppliers. For example…
Last reply by sciguy_0504, -
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by Chris_Doane- 3 replies
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Last reply by razoredge, -
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I got some bonus coupons in the mail this week, so I thought that I would take some time and investigate what the General had to offer as a suitable replacement for my '00 Astro LT AWD vehicle, since they have stopped making Astro's. Mind you, there is nothing wrong with mine now except 92,000 miles, but it is lacking in some state-of-the-art features that we would like to have. I spent time in depth at 3 dealerships. Looked at the HHR, Uplander, Equinox, Trailblazer, an Envoy XUV, and a PT Cruiser. My first, general overall impression ---- the General has forgotten that vehicles are primarily supposed to be people-movers and cargo-haulers, not rolling juke-box …
Last reply by rkmdogs, -
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To me, this scenario doesn't sound unrealistic, but would like to know your thoughts. You just gotta love the hits made against the vette..."gas guzzler on dated hardware"...then the later comment, "america's only sports car"...apparetly someone didn't get the memo :rolleyes:
Last reply by thegriffon, -
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From TCC GM's vice chairman set out to set the record straight on a variety of issues following the Opel reveal on Tuesday. For one thing, he told reporters, the automaker's new rear-drive Zeta platform "is not dead or cancelled." Well, not exactly. The original version was, indeed, scrapped a few months back because "we did a lot of not-smart things…that didn't make business sense. We accepted the delay." As originally planned, GM's Australian subsidiary, Holden, will play the lead in developing the revised Zeta platform. But it is less and less likely that it will be able to export cars based on Zeta, at least to the United States.…
Last reply by 91z4me, -
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by Chris_Doane-
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Last reply by Cortazzo, -
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The New GMT900s (from the perspective of GMT800)
Last reply by the_yellow_dart, -
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If we want a new chevelle we need to let GM know. My chevelle has 2 SS models, SS1 and SS2. SS1 has an LS1 engine with 350 HP, SS2 has a 454 LS6 with 450HP. The first LS6 under the hood of a Chevy since 1970. It would be awsome!! :CG_all:
Last reply by Chicagoland, -
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http://www.autoshowinmotion.com/index.asp?...1BFFE36791FC%7D Select Location San Jose: 11/10 - 11/13 San Antonio: 11/12 - 11/13 You've seen the vehicles at the auto show. Now experience over 150 of the hottest new cars, trucks and SUVs on the planet from behind the wheel at the AutoShow in Motion. Test drive the exciting General Motors family of vehicles and then compare them with Honda, Ford, Toyota, BMW, Chrysler, Lexus, Dodge, Mercedes and more*. One minute you're stepping on the accelerator of a Corvette® down a performance course, the next you're taking a HUMMER® H2® off-roading. If the vehicle can do it, we're going to prove it! An…
Last reply by hyperv6, -
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http://today.reuters.com/news/newsarticle....GENT.XML&rpc=11 I hope I did the link right.
Last reply by Innotech, -
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Tell me what you think about this. It took me 5 months to conceive and draw this! From D1 all the way to D6.
Last reply by jmore1276, -
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Heres D6!
Last reply by sciguy_0504, -
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GM to Double Number of Crossover Entries by 2009 Text courtesy of General Motors Corporation Opel Antara and Chevrolet S3X under development already General Motors will double its number of entries in the rapidly growing crossover vehicle segment to 14 during the next four years, Bob Lutz, vice chairman of product development, said today. Crossovers, which combine the best features of cars and sport utility vehicles, have become increasingly popular with owners of all types of cars and trucks as fuel prices have increased. GM estimates that crossovers will account for more than 2.5 million sales in the United States this year, and could grow to 3.5 million uni…
Last reply by CSpec, -
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http://news.yahoo.com/s/nm/20051110/bs_nm/autos_gm_shares_dc DETROIT (Reuters) - Shares of General Motors Corp. (NYSE:GM - news) fell more than 6 percent on Thursday, spiraling to a 23-year low, after Banc of America Securities warned of an increased risk of bankruptcy at the financially struggling auto giant. The stock's decline -- which could add to pressure on Chairman and Chief Executive Rick Wagoner to launch a more aggressive revival plan for the automaker -- also came after it said late on Wednesday that it had overstated financial results for 2001 by as much as $400 million. GM said the accounting error stemmed from the way it booked credits from…
Last reply by Shantanu, -
Big 3 turn to rebates again to jolt sales lag
by Guest Josh- 11 replies
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Detroit's carmakers are raising discounts again to steer consumers back to showrooms after paring incentives in October and watching sales tumble. General Motors Corp. and Ford Motor Co. added rebates of $500 to $1,000 on select 2005 and 2006 models. DaimlerChrysler AG's Chrysler Group added $1,000 cash rebates on most Chrysler, Dodge and Jeep products earlier this week. The latest moves reflect a softening market after a blockbuster summer, as well as consumer concerns over higher gas prices and rising energy costs. "Don't count on much of a rebound for November or December," Merrill Lynch analyst John Casesa said in a report th…
Last reply by aurum, -
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http://www.autoblog.com/entry/1234000680056738/
Last reply by The O.C., -
Ford And Wagoner's GM Battle For Top Sales Spot
by Guest Josh- 11 replies
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NEW YORK - The beleaguered General Motors has been wading through huge losses and dismal sales statistics this year. So there must have been a few feeble high-fives and pats on the back in the boardroom, with the news that Chevrolet is set to be nation's best-selling car brand at the end of the year. What must really get their spirits up: Chevy is set to snatch the title away from rival and the U.S.' No. 1 carmaker, Ford Motor. It'll apparently be the first time in 18 years that GM's Chief Executive G. Richard Wagoner Jr. doesn’t find, for a full year, his company playing second fiddle to Bill Ford Jr. and his empire at One America Road. For the fi…
Last reply by jmore1276, -
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Miller's Speech URL: http://www.detnews.com/2005/autosinsider/0.../biz-364915.htm This was a VERY interesting read...and many of the industries he references that had low cost competition that upset the incumbents is covered in a Management Framework known as Disruptive Innovation Theory (DIT). More info for anyone who is curious: The Innovator's Solution
Last reply by Fiero88, -
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I was reading (somewhere) about the 07 GMT 360's. It said they would feature displacement on Demand technology. Does anyone know if this is true and if these engines are designed for it or will be redesigned? I was under the impression it only worked (at this point) on push rod engines. The ATLAS family is DOHC. Thanx in advance for replies....
Last reply by capriceman, -
GM Increasing Hummer H3, Colorado, Canyon Producti
by Guest Josh- 1 follower
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Company Increasing Production of Hummer H3 SUV, Chevy Colorado and GMC Canyon Pickups Third Shift In Plant’s Paint Department To Begin During Q1 2006 PONTIAC, Mich. – General Motors today announced it will invest approximately $20 million by early 2006 at its Shreveport, Louisiana truck assembly plant to increase production of the HUMMER H3 SUV, Chevy Colorado and GMC Canyon midsize pickups. To prepare for the increased output, the Shreveport plant will add a third production shift to its paint department during the first quarter of 2006. H3, the new mid-size HUMMER, continues to drive record sales for the division and broaden its appeal from a niche brand to…
Last reply by sciguy_0504, -
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well, i was just looking over the GM Blog fastlane and i came out with... i'm assuming thats the grill of the new escalde seeing that that is the title of the article...
Last reply by jry, -
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2004/05 GM Corporate Responsibility Report Notes Progress in Several Areas DETROIT - General Motors made significant reductions in energy use and C02 emissions last year, set the automotive industry benchmark for plant safety, and continued to make major improvements in independent rankings for vehicle quality and dependability, according to its latest corporate responsibility report. The 2004-05 report, titled "Finding the Balance," outlines the company's global achievements and challenges in the key areas of product, economic, environmental, and social responsibility. It documents the automaker's performance by region and globally, based on 20…
Last reply by ToniCipriani, -
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I'm not a GM basher at all. In fact I think their new slate of vehicles are a huge leap in quality and the Z06 is by far the fastest car I've ever driven. However, you have to love this item from my site. i was just surfing the GM press site for new stories and came across it. Hilarious. In a sad way. http://www.mph-online.com/web/prtranslated/00225 If you want a positive Gm story http://www.mph-online.com/web/news/00121 Enjoy both. Dave
Last reply by prinzSD, -
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from http://www.automobear.com: ______________________________________ The Quest for Relevance in Refinement Buick; Jaguar; Lincoln, and Lancia ... One might include some Chrysler products – the Pacifica crossover comes to mind – and the Mercury division among our brief list of brands which espouse premium qualities, to varying degrees, with – alternately – both bespoke and plebian platforms in their recent histories. Yet, both for simplicity and for the sake of attempting a discussion of inherent dynamics over peripheral differentiation, we will talk here of Buick; Jaguar; Lincoln, and Lancia. Buick; Jaguar; Lincoln, and Lancia practice (most of the time)…
Last reply by Mule Bakersdozen LS, -
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here is the link [URL=http://motortrend.com/future/spied/112_0509_spy_chevy_silverado/ B)
Last reply by cmattson, -
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The yen is getting weaker. it has risen to 117 yen to the dollar. experts say the yen could go to 120 to the dollar by years end and 125 early in the new year. from near 100 to 125 yean per dollar is a great profit maker for the Japanese auto makers.
Last reply by cmattson, -
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Full news release here
Last reply by I hope GMRULES again, -
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GM NEWS PRODUCTION BEGINS OF NEW SIX-SPEED TRANSMISSIONS AT HISTORIC WILLOW RUN FACILITY .... GM is announcing the start of production of a new family of Hydra-Matic six-speed automatic transmissions for rear-drive applications at the upgraded Willow Run facility in Ypsilanti, Michigan. The 6L80 six-speed transmission debuts in the 2006 Chevy Corvette, Cadillac STS-V and XLR-V, and several models of GM's all-new 2007 full-size SUVs. Production of the transmissions is the culmination of a 450-million-dollar, nearly 3-year investment at the Ypsilanti Transmissions Operations (YTO) facility. A new team working concept has been arranged at the plant, which will serve…
Last reply by Member55, -
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GM Rushes to Meet Huge Demand for Solstice Date Posted 11-03-2005 PONTIAC, Michigan — General Motors said it will hike production of the 2006 Pontiac Solstice by adding a third shift at its plant in Wilmington, Delaware. At least two sister cars are going into production next year at the Wilmington plant, and a fourth could be added in 2007, company sources told Inside Line. Even though deliveries to customers started just three months ago, Pontiac dealers can't keep up with demand for the Solstice, one of the few bright spots at GM. Pontiac has received more than 15,000 orders for the car, even though it had planned to build only 20,000 units in the first year…
Last reply by sciguy_0504, -
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http://www.thebusinessonline.com/Stories.a...2E-D07EB5AA1CEE A sobering article on GM's problem. That combined with the SEC investigation, one has to wonder if bankruptcy remains the only available option for GM. HOPE NOT :unsure:
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GM, Toyota chiefs meet in Tokyo
by Guest Josh- 18 replies
- 3k views
TOKYO (AFP) - General Motors chairman Rick Wagoner and Toyota Motor Corp president Katsuaki Watanabe met in Tokyo, amid reports that the two car giants were to reaffirm a tie-up in fuel cell development. The meeting between the heads of the world's top two automakers comes amid tough times for US car giants such as GM, which are watching Japanese rivals thrive in the North American market. The two business leaders "met in Tokyo for about one hour and discussed various topics," Toyota said in a brief press release. "The meeting has been arranged to allow Watanabe to introduce himself after his appointment on the occasion of chairman Wagoner's vis…
Last reply by Variance, -
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http://www.crainsdetroit.com/cgi-bin/artic...articleId=28180
Last reply by CaddyXLR-V, -
DPH UAW Offer 1 2 3
by evok- 1 follower
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http://www.detnews.com/2005/autosinsider/0.../A01-361752.htm Well I see the UAW should have taken the pre-Chapter 11 offer. I feel bad when the workers pay union dues for leadership that has not shown any. Good to see that health care proposal is inline with the rest of America now.
Last reply by daves87rs, -
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http://www.nytimes.com/2005/10/30/magazine/30pensions.html Very long read but looks at a looming problem facing corporations and governments (state, local and federal). Someone will eventually have to pay for this.
Last reply by ehaase, -
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What My Dad Taught Me About GM And The Auto Workers Fat wages and benefits can't last when competition is cutthroat URL: http://yahoo.businessweek.com/magazine/con...45/b3958038.htm
Last reply by TKR, -
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http://www.cfo.com/article.cfm/5101164/c_5..._todayinfinance
Last reply by Croc, -
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here is a memo i got from one of our sales trainers. A 2006 Prius costs $4,325 more then a compareable Malibu If you average 55 mpg - pay back time will be 5 years If you average 44 mpg - pay back time will be 6.5 years A major consumer magazine states that 44 mpg is more realistic Based on $3 a gallon and 15,000 per year. Based on a Malibu averaging 27 mpg Hot climates have dramatic impact on fuel economy due to the air conditioning draining the battery thus, requiring the use of the gas engine. Dont park a Prius for 2 weeks without starting, this will drain and damage the batteries. This may not be covered by the warranty because it could be consid…
Last reply by sciguy_0504, -
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DETROIT (Reuters) - General Motors (NYSE:GM - news) said on Friday that it was recalling nearly 106,000 sport utility vehicles in the United States and Canada to fix a rear door latch that may not close properly due to corrosion. Alan Adler, a spokesman for the world's largest automaker, said the 105,893 vehicles affected by the potential safety defect included Chevrolet TrailBlazer EXT and GMC Envoy XL SUVs from the 2002-2003 model years. He said one alleged injury had been caused by the faulty door latch. A small number of 2003 model Isuzu Ascender SUVs are also affected, Adler said. GM builds the Ascender for Isuzu Motors Ltd. (7202.T). A total of about 98,00…
Last reply by Satty, -
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I think we need one, tidy little thread in which we can succinctly state all the possible outcomes of this Delphi vs. UAW debacle going on right now. The reason being, I think that we can use our information to deduce all the possible ways that this will affect GM. Only a few rules I want to mention: - Don't get into a big pissing match/flame war here. There are plenty of other threads where you can have fightin' words. - Try and keep theories as simple and easy to comprehend as possible. Not all of us are business majors. - Even if you think your theory is stupid or implausible (e.g: the UAW accepts Delphi's $9/hour offer), chime in anyway. The more d…
Last reply by futureoftheunion, -
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Hey guys, I wanted to take a step back and take in what everyone was saying about the Delphi issue. Everyone has their opinions and that's ok. Some of it is understandable, especially the union bashing. If I was on the outside, watching news reports where they interview the big guy, who may not have had much of an education, saying the things we hear ... I'd think that the UAW was a bunch of idiots who just demand more money and better benefits. Years ago, some of you may have even seen the UAW president hitting his fist on the table yelling about the auto companies. There are still guys like that. More of the old-timers. But they had reason to be like that. The …
Last reply by daves87rs, -
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Toyota set to pass GM as world's largest carmaker [RANT] Well I've got to say... The Japanese based Toyota sure is interested in aiding the US Economy... They want to increase prices to make their vehicles less competitive agaisnt the Domestic automakers. They've invested billions into America and employeed... lets see... according to this Toyota according to their website in 2004, Direct North America Employment is 37,351 Well... To those that dont know, in the United States roughtly 10% of all employes are in the automotive industry either directly or indirectly. That would probably be roughtly 25 million people employeed in the automotive in…
Last reply by haypops, -
SEC upgrades probe into General Motors
by Guest Josh- 14 replies
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WASHINGTON - The Securities and Exchange Commission has upgraded its probe of retiree-benefits accounting at General Motors Corp., making the investigation formal and giving federal regulators the power to issue subpoenas and review records. Toni Simonetti, a spokeswoman for Detroit-based GM, declined to comment. DaimlerChrysler AG said Tuesday that it had received a subpoena in September in connection with accounting issues involving retiree benefits at General Motors. Such a subpoena could only have been issued if the SEC had voted to upgrade its probe of GM to a formal investigation. SEC spokesman John Nester declined to comment. When the SEC started its probe in O…
Last reply by andy82471, -
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When the Chinese started to gain market share in TV.s from the Japanese, the Japanese cried. so congress put tariffs on Chinese televisions. On RCA. Magnavox and New American companies such as Polaroid, Apex, Advent and others who use Chinese manufactures to compete with Japan.The tariffs were so high these companies can not manufacture regular TVs in China for their price advantage. At Target stores they have a whole new line of electronic products called Truetech. DVD players, DVD recorders, Radios, LCDS, Telephones etc. all made in China, but their line of regular TVs are made in Korea because of the High Chinese Tariffs. Can not the Big Japanese Companies com…
Last reply by CARBIZ, -
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http://media.gm.com/servlet/GatewayServlet...n=2&docid=20019 Wow, I'm going to miss Dave and all that he did to take the Corvette to world-class status. I've read the book All Corvettes Are Red many times and it amazed me what he had to go through to get the C5 out under the old GM product development system. It's cool that Tom Wallace gets the Kappa cars in addition to the Y-cars as his new job, so maybe this means that future Kappas will get even hotter than what is already coming next year. Lori Queen gets small and midsize trucks, but who is going to take over her old job for small cars?
Last reply by Dsuupr, -
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This relates to the global industry problem and are relevant discussion in light of what is happening at GM and DPH. It is not only a US problem. http://www.msnbc.msn.com/id/9784776/site/newsweek/
Last reply by wildcat, -
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By Jamie LaReau Automotive News / October 24, 2005 General Motors CEO Rick Wagoner doubtless sighed with relief last week after announcing a deal with the UAW to reduce GM's health care costs. The UAW's rank and file is expected to ratify the plan to shift some health insurance and prescription drug costs onto retirees and active workers. If so, GM's after-tax savings would total $1 billion a year. That's not chump change, but it won't be enough to restore GM's profits. Last week, the automaker announced that its North American automotive operation lost $1.6 billion in the third quarter. Restive investors (read: Kirk Kerko…
Last reply by FUTURE_OF_GM, -
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Well, looking at Delphi... looking at UAW... looking at GM's north american financial situation... At what point is it a better financial decision for the government to aid the domestic automakers? The question, when GM, Ford, or Chyrsler file for Bankrupsy... how much will it cost the governement? How much will the unemployement tab run up? If the governement must foot the bill for 1 million employees that used to be making 60k a year for the last 15-20 years, how much will it cost them, (us Citizens)? How much will it cost the government(tax payers) to release GM of all its debt? I'm assuming we are talking about nearly 500 billion dollars might barely co…
Last reply by Fiero88, -
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Cadillac, Chevrolet, HUMMER and Saab Brands Continue Global Growth <GM.N>DETROIT, Oct. 24 /PRNewswire/ -- General Motors reported calendar year-to-date sales (January - September) of 7,066,774 vehicles around the world -- a 3.7 percent increase over 2004, led by significant gains in sales for its three luxury and premium brands Cadillac (up 9.6 percent), HUMMER (up 84.1percent) and Saab (up 1.4 percent), as well as its foundation brand, Chevrolet (up 7.3 percent). Integrating GM's product development and marketing operations on a global scale is helping to further strengthen its brands. These efforts complement the global manufacturing of vehicles in the Ch…
Last reply by The O.C., -
In-Depth Look At Retiree Health Cost Increases
by Guest Josh- 9 replies
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Courtesy of WDIV local 4 Detroit http://www.clickondetroit.com/download/2005/1020/5134795.pdf
Last reply by Fiero88, -
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By Jamie LaReau Automotive News / October 24, 2005 LAS VEGAS -- General Motors revealed the names of two of the three crossovers it will launch for the 2007 and 2008 model years at its Dealer Business Conference here last week. The GMC crossover vehicle will be called the Acadia, dealers say. The name was confirmed by a GM source. A concept version of the Acadia will debut at the Detroit auto show in January. Dealers will receive the Acadia as a 2008 model after they get the new GMC Sierra pickup next fall. The Saturn crossover will be called the Outlook, GM told dealers, confirming a previously rumored name. The Outlook is due next fall. The Buick version, which…
Last reply by jlbunting, -
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International Herald story Isuzu plans to buy GM stake in Australia By Naoko Fujimura and Maki Shiraki Bloomberg News MONDAY, OCTOBER 24, 2005 TOKYO Isuzu Motors, the largest Japanese truck maker, said Monday that it planned to buy General Motors' stake in a jointly-owned Australian truck venture, extending an overseas push that has delivered record earnings. The company planned to buy GM's 40 percent stake in Isuzu-General Motors Australia, said Kouitsu Mabuchi, an Isuzu spokesman in Tokyo. Mabuchi declined to give price details. Isuzu may also take a majority stake in a new truck unit in South Africa, to be spun off from a GM subsidiary, the Ni…
Last reply by thegriffon, -
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The story in the 10/24/05 issue states, "Americans who are 50 years old and older make up 39 percent of the nation's adult population. But they will account for half of U.S. auto sales this year. That share will increase to 53 percent by 2010, predicts Art Spinella, president of CNW Marketing/Research Inc., a consulting company in Bandon, Ore." Buick often bears the brunt of jokes about how the average age of its buyers is [ fill in your choice of jokes, such as "dead" ]. But the Rendezvous showed new Buicks can lower the demographics (didn't Rendezvous owners average 58 or so?). So that's perfect if Buick can skew slightly younger wi…
Last reply by Cory Wolfe, -
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Last reply by evok, -
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Tracinda pledges GM stock as collateral for loan Wed Oct 19, 2005 7:59 AM ET WASHINGTON, Oct 19 (Reuters) - Billionaire investor Kirk Kerkorian's Tracinda Corp. said in a regulatory filing on Wednesday that it is pledging its common shares of General Motors Corp. (GM.N: Quote, Profile, Research) as collateral to secure loans of $200 million or more. Tracinda recently disclosed that it had boosted its stake in GM to 9.9 percent, after U.S. antitrust authorities said they would not oppose a plan by Tracinda, Kerkorian's investment arm, to increase its stake to that level. The plans also include the possibility of Tracinda seeking a seat on the automaker&…
Last reply by Fiero88, -
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I've been thinking about this and wanted to start a thread about it because it's so unbelieveable this practice still exists and the US has done nothing about it. Just how much do the tarriffs increase the average price of a Cavalier or Corvette, since I know those are about the only American cars that sell in Japan. This is probably the most backhanded thing any company can do, not because Japan Inc are selling so extraordinarily well, but because of all the other pressures in addition to this ridiculous form of trade GM must follow in Japan. So if anyone knows what the real price difference becomes, can they speak up about it? Does this make anyone else as mad…
Last reply by Fiero88, -
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Link: http://www.detnews.com/2005/autosinsider/0.../A01-289731.htm
Last reply by Fiero88, -
GM, CEO says incentives were good but have to end
by Guest Josh- 22 replies
- 4.3k views
The leaders of General Motors and Ford say this summer's employee discount incentives worked well, but automakers can't continue offering huge discounts. Ford chief executive Bill Ford says such incentives aren't healthy for the industry and aren't sustainable. GM's Rick Wagoner says he doesn't regret GM's starting the incentive war in June but says it hurt profits and helped Asian automakers, which typically have lower incentives. Incentives have gone as high as $4,500 per vehicle or more. A Merrill Lynch analyst says the average incentive in September was $2,600 per vehicle, but $1,600 for Asian brands.
Last reply by knightfan26917, -
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- 21 replies
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http://www.detnews.com/2005/autosinsider/0.../A01-356532.htm Granted, this is good news but GM should have further negotiated with the UAW to put current workers on the same health care program as their white collar staff. Yes this deal is historic and probably very tough though not far enough. But that might have been out of scope of the negotiations. They did not go far enough.
Last reply by Cory Wolfe, -
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Among the comment on developments at GM this week is an article by Jonathan Fahey, "Rick Wagoner Is Running Out of Excuses," on the website Forbes.com
Last reply by Allante93, -
- 1 follower
- 4 replies
- 1.3k views
http://money.netscape.cnn.com/story.jsp?id...0051017MIDTF501
Last reply by FUTURE_OF_GM, -
- 1 follower
- 24 replies
- 3.7k views
http://media.gm.com/servlet/GatewayServlet...n=2&docid=19615 Understatement of the year: Really? $15b in savings? Time well spent? What insight! Other news This is interesting because GMAC is GM's cash-flow darling. There's a reason why GM hasn't divested itself from GMAC earlier than this: it's because GMAC brings in big money to GM's bottom line. You remove this, then you'd better be pretty confident you can make money selling cars. If GM makes this move, then they better have the rest of the ship in tight shape.. While it's nice to see that Delphi's bankrupcty isn't going to cost them a full �…
Last reply by haypops, -
- 1 follower
- 4 replies
- 1.7k views
Hey guys, below is a link to what those wise guys at GMI think is the next CTS. Boy, are they ever wrong. Not only is the information so wrong, but the rendering is so fake it's not even real. Not to mention, those sly guys at GMI stole the image and gave no credit to the person who did it. Talk about a classy set of guys. Anyway, take a look at it. Tahoe is such an insider, it's sooooo out of this world. www.gminsidenews.com http://www.cheersandgears.com/public/style_emoticons//AH-HA_wink.gif
Last reply by Bimmer325, -
- 2 replies
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GM is researching special body panels which repair itself: http://www.autoexpress.co.uk/news/61060/bo...ive_itself.html
Last reply by Sixty8panther, -
- 3 replies
- 1.2k views
Well, I remember reading throught pontiac's history according to, of course, pontiac.com and I remember reading that in like 1937 or so... pontiac used a new slogan "Built to Last 100,000 Miles" and "The most beautiful things on wheels" and also in 1932 Pontiac, although it was a fairly new brand sales rose 50% with usage of advertising campaigns targeting women... the 60's were the best years for GM... GM had vehicles that women wanted, and guys could impress a woman with. excuse my quote but like 2pac said "N**ga's want what the B**ches want" so market things for women... make a car that a girl would like to get p…
Last reply by rearden82, -
- 1 follower
- 10 replies
- 2.9k views
Next Steps in GM Turnaround Set More job cuts and plant closings coming to GM. by Joseph Szczesny (2005-10-18) Struggling General Motors Corp. has put the company's crown jewels on the auction block as part of a broader restructuring of the company that includes a deal with United Auto Workers to reduce healthcare costs and a new round of plant closings. Richard Wagoner, GM chairman and chief executive officer, disclosed that GM is prepared to sell a controlling interest in its storied and profitable finance arm, General Motors Acceptance Corp., which has been consistently been the most profitable part of the company for the better part of two decades. The…
Last reply by Member55, -
- 4 replies
- 991 views
Recall of 1.27 Million Cars Mars Toyota's Reputation The Wall Street Journal By Jathon Sapsford Oct. 18, 2005 TOKYO – Toyota Motor Corp.'s stellar reputation for quality took a drubbing with the announcement of a major recall of 1.27 million vehicles because of a faulty light switch on the steering column. Coming on the eve of the Tokyo Motor Show, an event dominated by Toyota, the recall will affect 16 different models, including the Corolla sedan and the RAV4 sport-utility vehicle. Most of the recall will affect customers in Japan, but will also affect 137,000 vehicles exported to markets including Singapore, Australia and Thailand. Toyota said…
Last reply by Newbiewar, -
- 1 follower
- 10 replies
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A fresh Perspective on GM and the auto industry http://www.321gold.com/editorials/shedlock...lock101405.html MarketWatch is reporting "Ford's SUV Sales Halved in September": "Ford Motor Co. reported Monday that sales of its traditional SUVs plunged 51% in September, as consumers continued their mass exodus from the thirstiest vehicles on the road amid record gasoline prices. "Overall, Ford turned in a 19% decline in U.S. sales last month, to 228,157 cars and trucks. Crossover and passenger car sales actually improved, but not nearly enough to make up for the steep decline of its bulkier SUVs. "Sales of the Ford Explorer and Expedi…
Last reply by haypops, -
GM seeks to shave $1bn from design costs
by Guest Josh-
- Editor-in-Chief
- 19 replies
- 3.2k views
Detroit - Struggling automaker General Motors said on Tuesday it aims to save up to $1 billion a year by reorganising its regional design and engineering structure into a single, global operation. "We will have one single, global design and engineering budget," GM vice chairman Bob Lutz told reporters at a luncheon sponsored by the Automotive Press Association. The world's largest automaker is racing to cut costs after having lost more than $1.2 billion in the first six months of 2005. It is currently in negotiations with its union to help reduce its health care and pension costs, and is also working to limit the negative repercussions of…
Last reply by raven05649, -
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The Other day I was at a Bar called Victory on Van Dyke in Warren, MI. I over heard some GM bums at the bar talking of how everything is done by contractors. Then they started saying somthing about protesting contractors. Also they brought up the layed off poeple. Could things get ugly with GM Corprate and GM Employees? Just a thought.
Last reply by RJB, -
- 1 follower
- 6 replies
- 1.4k views
Last reply by bobo, -
- 3 followers
- 109 replies
- 11k views
Last reply by soozi2u, -
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- Editor-in-Chief
- 2 followers
- 52 replies
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http://www.autoextremist.com/page2.shtml#Rant I do not agree with him much but this time he nails it. by Peter M. DeLorenzo The Canary in the Mineshaft. Detroit. The news of Delphi's bankruptcy filing may be just another piece of business news to those who don't live around these parts, or for those who don't have a vested interest in the U.S. auto industry, but the sad fact of the matter is that this development is just the tip of the iceberg in a fundamental shift that not only threatens to decimate the U.S. auto industry, it's one that will ultimately affect this nation's economy - no matter where you live or what you do. The …
Last reply by Drew Dowdell, -
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- 1 follower
- 31 replies
- 4.4k views
....
Last reply by The O.C., -
- 1 follower
- 9 replies
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Automotive News / October 14, 2005 http://www.autonews.com/news.cms?newsId=13570 DETROIT --- The United Auto Workers said Friday it might be close to an agreement with General Motors on benefits concessions. UAW spokesman Paul Krell said that the UAW had notified locals by e-mail that an agreement is possible. A source inside GM says it is "very confident" but added that the automaker could impose unilateral benefits cuts this week if talks fail. Krell said GM has not raised the possibility of unilateral cuts in talks. A spokesman for GM declined comment.
Last reply by razoredge, -
- 2 followers
- 13 replies
- 2.5k views
http://www.nytimes.com/2005/10/13/business...serland&emc=rss
Last reply by 91z4me, -
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- 1 follower
- 111 replies
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Well it seems since C&G went down, so did my old username, metal928. Well we are back again. Gave one presentation and it went over great, we used quite a few of C&G comments. I would like to thank you all for helping us out. It is currently in the works for us two to present this to even higher people, which should take place sometimes next week. I have a question, What is the benefits of RWD over FWD? We went to FWD because of better traction and control, so why go back to RWD? Also, any other ideas would be great to hear. Our presentation has to be lenghted about 3 minutes. So we take all ideas into consideration. If you want to know what ideas we u…
Last reply by Matt276, -
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GM's Credit Woes Leave Lending Arm Exposed
by Guest Josh- 11 replies
- 2.2k views
NEW YORK -(Dow Jones)- Deciphering Standard & Poor's ratings reports on General Motors Corp. (GM) is becoming more and more like reading Federal Reserve meeting minutes and speeches. Just as bond investors examine the Fed's language with a fine-toothed comb to find the slightest hint of a change in the bank's interest-rate policy, so have investors picked over S&P analyst Scott Sprinzen's most recent report on General Motors. They're grasping for clues as to what might happen to the legendary auto maker and its financing arm General Motors Acceptance Corp. (GMA.XX) now that GM is mired in even more problems since auto supplier Delphi Corp. …
Last reply by FUTURE_OF_GM, -
- 4 replies
- 1.7k views
FOR RELEASE: 2005-10-06 Besting a 600 HP Nissan Skyline and nitrous-charged Volkswagen Jetta BUTTONWILLOW, California - Timing is everything, and the timing of the new Cobalt SS Supercharged's introduction couldn't be better. As Chevy's new sport compact performance car debuts in dealer showrooms, it already has a record-setting pedigree. Driver John Heinricy piloted a race-prepared Cobalt SS Supercharged on a challenging road course at the Buttonwillow Raceway Park, besting both the legendary Nissan Skyline and the new Volkswagen Jetta by more than seven seconds. The Cobalt SS, which is based on Chevy's new factory-built front-wheel-drive Super …
Last reply by z28luvr01, -
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- Editor-in-Chief
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- 26 replies
- 3k views
Ok, Ford declined offers to sell Volve to Renault. The word is that Renault was looking for an established presence in Europe for which to launch the Infiniti nameplate onto the European market. See article: http://www.autoindustry.co.uk/news/industry_news/11-10-05_3 If Volvo is not-for-sale, perhaps Saab is.. What does GM have invested into Saab that it cannot live without? I can't think of one thing. Saab is yet another constraint on GM's pocketbook. What if GM could sell Saab, thereby ridding itself of a cash-drain and putting some money in it's checkbook at a time (ahem, Delphi) when it looks like it needs it. Seeing that the stillborn Saab 9-6…
Last reply by LosAngeles, -
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- 59 replies
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http://www.marketwatch.com/news/yhoo/story...972E93065C67%7D So much for Toyota not aquiring the competition to expand. Wonder what Subaru really has to offer anyway ?
Last reply by evok, -
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Well if you thought September was bad... October is only getting worse... Sales are never gonna see 2004's totals... What kind of incentives would it take to get customers to flock in... 0% intrest? 10 year warrantys? 5-10k$ off of every vehcile? what will it take to get some vehicles off the dealership... the customers are used to it... they will expect nothing less... so why stop incentivies? if GM offered a 10 year bumper to bumper & 10 year powertrain... wouldnt that set the bar and let people know GM is a serious contender? no incentives would be needed... then GM would know exactly what problems their products face so they could fix them... that…
Last reply by knightfan26917, -
Lutz says GM is upbeat, but mum on Kerkorian
by Guest Josh- 3 replies
- 1.6k views
DETROIT -- General Motors Corp. Vice Chairman Bob Lutz said Tuesday the automaker will save billions in development costs with a new global engineering plan, but he wouldn't discuss some critical issues facing GM, including Delphi Corp.'s bankruptcy. Lutz also didn't address investor Kirk Kerkorian's efforts to increase his stake in GM. GM's shares rose 94 cents, or nearly 4 percent, to close at $26.42 on the New York Stock Exchange after the U.S. Federal Trade Commission said it won't challenge Kerkorian's plan to increase his stake in GM to nearly 10 percent. Kerkorian has said he may seek a seat on GM's board. Lutz said that…
Last reply by Matt276, -
Delphi Demands UAW Contract Before Dec; GM Comme
by Guest Josh- 13 replies
- 2.5k views
This just into C&G: Delphi is now in front of the Bankruptcy board and has made it their very first mention and note that they want new contract negotiations with the UAW to happen starting next week, with a new agreement coming to pass before the end of '06. General Motors would not say much, except Mr. Lutz stating that General Motors plans to produce 85% of their content in North America, however General Motors as a company were not the ones to mandate that, giving heavy speculation that it is the Unions job to meet wage concessions with the worlds #1 automaker. More into C&G as we get it!
Last reply by KillFort, -
- 72 replies
- 7.1k views
Delphi bankruptcy to cost GM 11 billion
Last reply by 97regalGS, -
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http://www.detnews.com/2005/insiders/0510/12/C01-345924.htm This is a very good article. Automation Alley: Brains over brawn is Michigan's future By Daniel Howes / The Detroit News Comment on this story Send this story to a friend Get Home Delivery With the economic news growing grimmer by the week -- Delphi Corp. in bankruptcy and General Motors Corp. pushing the United Auto Workers for historic concessions, to name two pieces -- is there any hope out there? Can a state that seems more comfortable clinging to its entitlement-rich, 20th-century industrial giant mentality until it honors its last benefit and then collapses, spent, summon any…
Last reply by prototype66, -
- 1 follower
- 186 replies
- 19.7k views
Here is a Pdf of the ballyhooed Delphi-UAW letter: http://www.futureoftheunion.com/docs/uaw/o...updatefront.jpg http://www.futureoftheunion.com/docs/uaw/o...rupdateback.jpg I have to say I've been sitting on similar stuff for a very very long time, but cannot go into detail. This is coming to a head, folks. Pretty much everything's in the public domain now, whether it be (paid) Wall Street analyst reports, mainstream media, or "futureoftheunion". Automotive News is now reporting: http://www.autonews.com/news.cms?newsId=13500 There is going to be a lot of sensational reporting in the coming days and weeks. Yet what I think the situation req…
Last reply by daves87rs, -
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Last week in San Jose, California there was an alternative fuel cars display which was represented by GM, Nissan, Honda and Ford(at least in the spot where I was). GM was displaying a blue Opel Zafira hydrogen fuel cell technology. When I spoke with Mike the GM Engineer of some sort about the car and the technolgy GM was displaying, I asked him why GM was not doing a better job at promoting their efforts in alternative fuel technolgy. I mentioned the GM hybrid pick up trucks, the buses they are testing in cities, etc but the public is unaware of these efforts because of GM's poor PR. I mentioned how everyone believes Toyota is "green" despite the fact that t…
Last reply by prinzSD, -
- 118 replies
- 21.7k views
ANAHEIM, Calif. – GMC unveiled the all-new 2007 Yukon and Yukon Denali full-size SUVs Oct. 5. They are based on GM’s all-new full-size SUV family, which features distinctive styling, spacious and refined interiors, exceptional driving characteristics and enhanced safety features. The new Yukon family is distinguished with sleek, expressive styling that announces a new look for GMC vehicles – styling that conveys GMC’s professional grade qualities and a distinct design from other GM vehicles. The vehicles offer more power and better fuel economy than the vehicles they replace, enhancing GMC’s “more than expected” reputation. “The all-new 2007 Yukon and Yukon Denali…
Last reply by turbo200, -
- 24 replies
- 4.1k views
Isuzu pulls out of 2006 North American Auto Show. http://www.autoblog.com/entry/1234000273060268/
Last reply by Sixty8panther, -
- 23 replies
- 4.5k views
Start Of Production Dates From GM Canada To Dealers. 2007 Chevrolet Tahoe - December 5, 2005 2007 GMC Yukon - January 9, 2006 2007 Cadillac Escalade - January 16, 2006 2007 GMC Yukon Denali - March 6, 2006 2007 Chevrolet Avalanche - April 3, 2006 2007 GMC Yukon XL Denali - April 17, 2006 2007 Chevrolet Suburban - April 17, 2006 2007 GMC Yukon XL - April 17, 2006 2007 Cadillac Escalade EXT - May 1, 2006 2007 Cadillac Escalade ESV - May 8, 2006
Last reply by IbuyGM, -
- 1 follower
- 27 replies
- 3.6k views
My question is "How many more body blows can GM take?" GM paid approximately $2.4 billion for 20% of Fiat Auto and spent another $2.0 billion to cancel Fiat's put. That's $4.4 billion of cash expended for what in the end was a bit of diesel engine technology. Essentially a loss of $4.4 billion. GM paid approximately $1.4 billion for a 20% stake in Fuji Heavy Industries (maker of Subaru). It then sold 8.7% of its stake to Toyota for $315 million, implying the remainder (to be sold at market prices back to Fuji for retiring) is valued at around $408 million. This would amount to about a $677 million loss on GM'…
Last reply by FUTURE_OF_GM, -
GM sees long drive to hydrogen-fueled cars
by Guest Josh- 1 follower
- 13 replies
- 3k views
LONDON - General Motors Corp. is committed to building low-pollution cars which run on hydrogen but cost and design challenges mean commercial production is still about a decade away, the company said on Thursday. The world's biggest carmaker aims to have in place a viable fuel-cell powered car by 2010, with volume production possible two to three years later, said Matthew Fronk, GM's chief engineer of fuel cell systems. "GM is pushing very hard on fuel cells," Fronk told a conference in London. "We need to solve issues in performance, cost and durability," he said. "We have to see all these (solved) before we can pull the trigger…
Last reply by haypops, -
Lutz speaks on Kerkorian's side
by Guest Josh- 1 follower
- 11 replies
- 4.4k views
Billionaire Kirk Kerkorian is not the "rapacious raider" he is often portrayed to be, and the Las Vegas investor has taken a 9.5% stake in General Motors Corp. because he believes the company is ready for a turnaround, GM Vice Chairman Bob Lutz said Thursday. Kerkorian's investment company, Tracinda Corp., said last week it might seek one or more seats on GM's board of directors, but Lutz disputed any assertion that Kerkorian was making demands. "We are seeing so far, it would be fair to say, none of the behavior that the press ascribed to Kirk Kerkorian," Lutz told reporters after a news conference at GM's proving ground in Milfo…
Last reply by Newbiewar, -
- 1 follower
- 35 replies
- 5k views
http://money.cnn.com/services/tickerheadli...69_FORTUNE5.htm "Toyota Motor Corp. (7203.TO) Chairman Hiroshi Okuda has expressed worries about a possible backlash and proposed raising prices on Toyota cars being sold in the United States as a way to calm emerging trade friction." I guess the extra billions of dollars that Toyota make by raising the price is just a painful side affect that they have to bear. Can you think of another business lie in this proportion? Unfortunately, our media seems to play into this propaganda.
Last reply by Teh Ricer Civic!,
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