American Axle Strike: Two GM factories up, one GM factory down
The American Axle strike, now in its second month, is causing General Motors more than a few headaches. The parts shortage caused the General to nearly cease production of its highly profitable large trucks and SUVs, and shut down production in Oshawa, Ontario and Fort Wayne, Indiana. As of this past weekend, it appears that GM has found enough parts to re-open those two plants to start building the Chevrolet Silverado and GMC Sierra again. While that's good news for those workers, the SUV plant in...

American Axle Strike: Two GM factories up, one GM factory down
The American Axle strike, now in its second month, is causing General Motors more than a few headaches. The parts shortage caused the General to nearly cease production of its highly profitable large trucks and SUVs, and shut down production in Oshawa, Ontario and Fort Wayne, Indiana. As of this past weekend, it appears that GM has found enough parts to re-open those two plants to start building the Chevrolet Silverado and GMC Sierra again. While that's good news for those workers, the SUV plant in...

GM may forgo Delphi cash, shares claim
General Motors Corp. may give up cash and preferred shares, and assume more pension liability, to help its former parts subsidiary Delphi Corp. leave bankruptcy, a Deutsche Bank AG analyst said Monday. Forfeiting the cash and shares would increase Delphi's liquidity and make the company more attractive to investors, analyst Rod Lache said in a research note. More GM help may be needed after Appaloosa Management LP, the leader of a group that was to provide Delphi with $2.55 billion in financing, pulled...

American Axle Strike: Two GM factories up, one GM factory down
The American Axle strike, now in its second month, is causing General Motors more than a few headaches. The parts shortage caused the General to nearly cease production of its highly profitable large trucks and SUVs, and shut down production in Oshawa, Ontario and Fort Wayne, Indiana. As of this past weekend, it appears that GM has found enough parts to re-open those two plants to start building the Chevrolet Silverado and GMC Sierra again. While that's good news for those workers, the SUV plant in...

GM earmarks key ‘trend-setting’ markets for Volt
GM is determined to keep its promise of delivering the Chevrolet Volt plug-in hybrid car by the end of the decade but if you were hoping to be one of the first in the world to own a Volt you had better hope you live in one of the trend-setting markets officials plan to launch the car in. Nothing is set in concrete but officials are considering initially launching the Volt in politically important and trend-setting markets on the U.S. coasts - namely California and New York. Vice Chairman Bob Lutz...

GM earmarks key ‘trend-setting’ markets for Volt
GM is determined to keep its promise of delivering the Chevrolet Volt plug-in hybrid car by the end of the decade but if you were hoping to be one of the first in the world to own a Volt you had better hope you live in one of the trend-setting markets officials plan to launch the car in. Nothing is set in concrete but officials are considering initially launching the Volt in politically important and trend-setting markets on the U.S. coasts - namely California and New York. Vice Chairman Bob Lutz...

Job issues snag local GM pacts
Job guarantees for workers and a deep reduction in the number of skilled trades job classifications are among the sticking points that led five United Auto Workers union locals to issue strike threats against General Motors Corp., local union leaders said on Tuesday. UAW locals representing GM plants in Flint; Warren; Lansing; Parma, Ohio; and Arlington, Texas, warned GM late last week that they will launch walkouts as soon as this weekend if labor deals aren't reached soon. GM's plant-level labor talks...

Cerberus to reign over GMAC
GMAC LLC, the auto and home lender, will probably avoid a ratings cut at its profitable insurance unit by transferring control to an investor group led by Cerberus Capital Management LP. The plan gives all voting rights to the group controlled by Cerberus, which shares ownership of GMAC with General Motors Corp., according to a regulatory filing Tuesday. A.M. Best Co. said the action should ease concerns that caused it to review the insurer's credit and claims-paying ratings for possible downgrade as...

GM defuses 1 of 5 feared strikes
General Motors Corp. has struck a tentative agreement with one of five United Auto Workers union locals that had threatened a strike against the automaker. GM spokesman Dan Flores said Wednesday that GM and UAW Local 1005 in Parma, Ohio, have a deal pending ratification by the local's members. A date for a ratification vote has not yet been set. The union could not be reached for comment. The automaker is negotiating with four locals that issued strike warnings last week in Flint, Warren, Lansing and...

Recall Watch: Toyota, GM recalling 660,000 vehicles for window defect
Joint manufacturing ventures allow both automakers to share resources and platforms, but unfortunately, it also means they share problems. Such is the case with GM and Toyota, whose NUMMI plant in Fremont, California, put out 540,000 Toyota Matrixes, Corollas and 123,00 Pontiac Vibes with faulty bolts that hold in the glass on the two front doors. The 660,000 2003-2004 vehicles equipped with power windows are being recalled after 500 complaints, 36 claimed injuries and one crash ?! were reported. The...