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GMAC gives up exclusive rights | detnews.com | The Detroit News DETROIT -- GMAC LLC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors Corp. financing incentives, as part of the complex deal that gave the troubled lender billions in federal aid. The move could reduce the Detroit automaker's dependence on GMAC to provide financing and possibly boost its sales by giving consumers more options for affordable loans. GMAC, which provides GM dealer and customer financing in addition to home mortgage... Article added: 2009-01-03 09:19:45 Article Views Rating: 129
GM workers reach final day at Ohio SUV plant | detnews.com | The Detroit News MORAINE, Ohio -- Workers at General Motors Corp.'s sport-utility vehicle plant in the Dayton suburb of Moraine are working their last day at the factory. Tuesday is the final day of production at the plant, which has been pumping out GM vehicles for the past 27 years. About 1,080 hourly workers are employed at the plant. In June, GM announced it would close the plant because high gasoline prices were driving consumers away from the SUVs made there. GM employed 19,000 workers in the Dayton area in 1999... Article added: 2008-12-24 05:44:15 Article Views Rating: 139
Does the Loan To GM & Chyrsler Equate To Death For the UAW? For decades after its founding in 1935, the United Auto Workers stood as a powerful model for the American labor movement, an influential organization that historians credit with uplifting living standards for all working Americans.But with the announcement of the federal loan deal yesterday, the union found itself being forced into concessions that some described as tantamount to surrender.The $17.4 billion federal loan agreement does keep the domestic auto industry alive. But the terms of that loan... Article added: 2008-12-22 05:54:32 Article Views Rating: 137
Ohio workers face final days at GM plant | detnews.com | The Detroit News MORAINE, Ohio -- General Motors Corp.'s financial woes have GM workers around the country worrying about what life without GM might be like. The 1,080 hourly workers at the automaker's sport utility plant in this Dayton suburb are about to find out. For them, life without GM begins Tuesday. That's when the automaker pulls the plug on the plant that over the past 27 years has spit out cars, trucks and SUVs, helped pay mortgages and college educations, and provided a security blanket in turbulent times... Article added: 2008-12-22 05:54:27 Article Views Rating: 127
GM announces new direct-injection engines for 2010 models GM announced today that the 2010 Chevrolet Equinox crossover will hit the streets next summer with an all-new engine lineup that will help consumers save both fuel and money. GM said that its 2009 domestic car and light truck lineup will save 700 million gallons of fuel over vehicle life when compared to its 2008 fleet.The 2010 Equinox will be offered with two new direct-injected engines - a 2.4L 4-cylinder and a 255-hp 3.0L V6. The 2.4L 4-cylinder engine makes a total of 180-hp with a maximum torque of... Article added: 2008-12-19 08:13:34 Article Views Rating: 138
GMAC bank plan is lacking support | detnews.com | The Detroit News NEW YORK -- With a key deadline looming just a day away, GMAC LLC is running out of time and hasn't found nearly enough support for its plan to swap $38 billion of debt, become a bank holding company and gain eligibility for part of the government's $700 billion bank rescue package. And barring a last minute change of heart by its bondholders, GMAC, which has posted billions of dollars in losses this year, could soon be forced to file for bankruptcy protection. As of the end of Wednesday, the financing... Article added: 2008-12-19 08:13:29 Article Views Rating: 158
GM to balance austerity, buzz at auto show | detnews.com | The Detroit News General Motors Corp. will be walking a fine line at the 2009 North American International Auto Show next month. For most of its first 100 years, the company was a marketing pioneer with lavish budgets -- wooing the public with elaborate exhibitions such as the Motorama, a traveling exhibition popularized in the 1950s, and spending willfully on endorsement deals with Tiger Woods, Dinah Shore and other celebrities. But on the brink of financial collapse, pending a request for billions of dollars in... Article added: 2008-12-18 08:03:57 Article Views Rating: 137
GM to balance austerity, buzz at auto show | detnews.com | The Detroit News General Motors Corp. will be walking a fine line at the 2009 North American International Auto Show next month. For most of its first 100 years, the company was a marketing pioneer with lavish budgets -- wooing the public with elaborate exhibitions such as the Motorama, a traveling exhibition popularized in the 1950s, and spending willfully on endorsement deals with Tiger Woods, Dinah Shore and other celebrities. But on the brink of financial collapse, pending a request for billions of dollars in... Article added: 2008-12-18 08:03:23 Article Views Rating: 125
Saturn fans create online petition to tell GM to keep the brand While GM hasn’t officially made the announcement, GM’s CEO Rick Wagoner noted that the brand is under review at last week’s congressional hearings. He said the GM will not allocate any money on future Saturn products and said that the brand has performed below the company’s expectations. Wagoner said that GM will focus all of its resources on Chevrolet, Cadillac, Buick and GMC brands instead.Not taking the news very well, worried Saturn fans have created an online petition to help... Article added: 2008-12-12 06:46:21 Article Views Rating: 155
GM offering more cash back and outstanding deals on Red Tag sale As car sales continue to decline, auto makers continue to offer year-end deals in hopes to move models out of the showrooms. GM’s Red Tag Sale has been going on since November and today the General said that it has upped the amount of cash back it will offer on a couple of 2008 models that are still stuck at dealerships.Of course most, if not all, of the deals focus on SUVs and pickups with rebates ranging from $5,000 to $10,000 cash back. Some deals that we found pretty interesting in our area New... Article added: 2008-12-12 06:46:20 Article Views Rating: 131 |
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