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Commentary: Auto dealer waits for the posturing to finally end | The Detroit News | detnews.com
Dan Frost owns three American cars and five American dealerships and a dwindling supply of patience. He's tired of posturing legislators in Washington. Tired of the UAW getting punched around by people with no sense of history. Tired of his neighbors in West Bloomfield Township lying to themselves about how perfect their foreign cars are. Really, really tired of General Motors CEO Rick Wagoner. Also, he'd like to sell more automobiles. But that won't happen until everyone is through posturing. And if GM... Full article...

Article added: 2008-12-08 06:19:56   Article Views Rating: 77


Main  >  Car Makers News  >  GM  > 
GM faces costly route to scrap Hummer | The Detroit News | detnews.com
WASHINGTON -- The Frank Kent Hummer dealership -- complete with an indoor waterfall and a massive curved roof reminiscent of an aircraft hanger -- opened in Fort Worth in spring 2005 with hopes as high as the giant "H" that dominates its entrance. Three years later, General Motors wants to get rid of its lagging Hummer brand. But what's good for GM in this case may not be good for its 400 Hummer dealers, who have invested millions of dollars with the expectation of selling a line of new products for... Full article...

Article added: 2008-12-08 06:19:22   Article Views Rating: 106


Main  >  Car Makers News  >  Other  > 
Commentary: Auto dealer waits for the posturing to finally end | The Detroit News | detnews.com
Dan Frost owns three American cars and five American dealerships and a dwindling supply of patience. He's tired of posturing legislators in Washington. Tired of the UAW getting punched around by people with no sense of history. Tired of his neighbors in West Bloomfield Township lying to themselves about how perfect their foreign cars are. Really, really tired of General Motors CEO Rick Wagoner. Also, he'd like to sell more automobiles. But that won't happen until everyone is through posturing. And if GM... Full article...

Article added: 2008-12-08 06:19:20   Article Views Rating: 74


Main  >  Car Makers News  >  GM  > 
GM faces costly route to scrap Hummer | The Detroit News | detnews.com
WASHINGTON -- The Frank Kent Hummer dealership -- complete with an indoor waterfall and a massive curved roof reminiscent of an aircraft hanger -- opened in Fort Worth in spring 2005 with hopes as high as the giant "H" that dominates its entrance. Three years later, General Motors wants to get rid of its lagging Hummer brand. But what's good for GM in this case may not be good for its 400 Hummer dealers, who have invested millions of dollars with the expectation of selling a line of new products for... Full article...

Article added: 2008-12-08 06:19:16   Article Views Rating: 111


Main  >  Car Makers News  >  Other  > 
Commentary: Auto dealer waits for the posturing to finally end | The Detroit News | detnews.com
Dan Frost owns three American cars and five American dealerships and a dwindling supply of patience. He's tired of posturing legislators in Washington. Tired of the UAW getting punched around by people with no sense of history. Tired of his neighbors in West Bloomfield Township lying to themselves about how perfect their foreign cars are. Really, really tired of General Motors CEO Rick Wagoner. Also, he'd like to sell more automobiles. But that won't happen until everyone is through posturing. And if GM... Full article...

Article added: 2008-12-08 06:19:14   Article Views Rating: 74


Main  >  Car Makers News  >  Other  > 
UAW to suspend maligned jobs bank | The Detroit News | detnews.com
DETROIT -- Local leaders of the United Auto Workers agreed to suspend the program where laid-off workers can get up to 95 percent of their wages and benefits, a concept that came to symbolize the stereotype of overpaid, underworked factory workers. Hundreds of local UAW leaders from all three Detroit automakers agreed at an emergency meeting Wednesday to clear out the controversial jobs bank, defer payments to a new health care trust fund and consider modifying other parts of its landmark 2007 labor... Full article...

Article added: 2008-12-04 15:50:49   Article Views Rating: 106


Main  >  Car Makers News  >  GM  > 
GM Sales Out Does Them All In A Bad Way: Sales Implode 41.3% In November
General Motors dealers in the United States delivered 154,877 vehicles in November, down 41 percent compared with a year ago. GM car sales of 58,786 were off 44 percent and truck sales of 96,091 were down 39 percent. The steep decline in vehicle sales was largely due to a significant drop in the market's retail demand compared with last year, and continuing economic uncertainty that has negatively impacted consumer confidence. "In November we saw the continuation of the dramatic decline in volume... Full article...

Article added: 2008-12-03 07:00:18   Article Views Rating: 163


Main  >  Car Makers News  >  GM  > 
GM Says It Will Sacrific SAAB, Saturn, Hummer, And Hobble Pontiac For Federal Funds
General Motors Corp. today submitted a plan to use Federal bridge loans to create a leaner, more competitive company, one that is profitable and self-sustaining for the long term.[source] Full article...

Article added: 2008-12-03 07:00:17   Article Views Rating: 134


Main  >  Car Makers News  >  GM  > 
GM asks Congress to kickstart its heart with ambitious plan
General Motors has just revealed the plan it has submitted to Congress today, and the details show just how far the largest U.S. automaker is willing to go in order to secure bridge loans from the federal government. The plan includes selling Saab, possibly killing Saturn and scaling back Pontiac, as well as reducing dealers and shedding more workers, among other things. Here's the breakdown... Focus on "core brands": Chevrolet, Buick, GMC and Cadillac Launch predominately high mileage, energy-efficient... Full article...

Article added: 2008-12-03 07:00:11   Article Views Rating: 169


Main  >  Car Makers News  >  GM  > 
GM: Needs $4B in December to stay afloat | The Detroit News | detnews.com
DETROIT -- General Motors Corp. needs more money from Congress than it previously disclosed and needs it sooner or risks being unable to survive into next year. The dire revelations were contained in a restructuring plan GM submitted to Congress on Tuesday to support its request for up to $18 billion in federal aid -- $6 billion more than the company said it needed last month. GM had said it was in danger of falling below minimum levels of cash needed to pay bills in early 2009. Now, the company needs... Full article...

Article added: 2008-12-03 07:00:08   Article Views Rating: 167


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