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Home > Search for "Saturn Aura"
Main > Car Makers News > GM > GM to seek more federal aid | detnews.com | The Detroit News DETROIT -- General Motors Corp. will ask for billions more in federal aid today when it submits a restructuring plan to the U.S. Treasury Department outlining cuts that will dramatically shrink the iconic but troubled American automaker. But GM's recovery plan and one from Chrysler LLC, due today as a condition of a $17.4 billion federal loan package, are not expected to include key money-saving concessions from the United Auto Workers and bondholders. Despite long negotiations over the weekend and... Full article... Article added: 2009-02-17 14:55:39 Article Views Rating: 225 Main > Car Makers News > Other > Lear acts to offset losses | detnews.com | The Detroit News Lear Corp. reported a fourth quarter net loss of $688.2 million or $8.91 a share on net sales of $2.6 billion. That compares with a net profit of $27 million or 34 cents per share in 2007. The pre-tax loss was $692.1 million, a ballooning loss from last year's net income of $45.1 million for the supplier of seating, electrical and electronic products for the auto industry. The loss includes a non-cash goodwill impairment charge of $530 million and restructuring costs of $66.2 million. Sales for the... Full article... Article added: 2009-01-30 07:07:52 Article Views Rating: 123 Main > Car Makers News > Opel > Sneak peek: Next-generation Opel/Saturn Astra | detnews.com | The Detroit News The new profile -- the front fascia and the massive rear bumper with the parted taillights -- are visible on the next-generation Opel/Saturn Astra. The new car looks somewhat sleeker and yet more elegant. The Astra also seems to have very interesting headlight clusters with a jeweled arrangement at the top of the housing. Besides the 5-door model pictured here, Opel has an estate "Caravan"; a convertible "Twin Top"; and the 3-door "GTC" in the pipeline, all following the 5-doors introduction, one by... Full article... Article added: 2009-01-30 07:07:50 Article Views Rating: 232 Main > Car Makers News > GM > GM cutting 2,000 jobs in Michigan, Ohio | detnews.com | The Detroit News NEW ORLEANS -- General Motors Corp. announced more production cuts and layoffs today because of weak demand affecting the U.S. auto industry. The automaker is eliminating a shift at its Delta Township plant near Lansing and in Lordstown, Ohio, collectively affecting about 2,000 workers. It will temporarily idle production at 10 other plants across North America during the first or second quarter, GM spokesman Chris Lee said. "It's a function of the fact that the market is down," GM North America... Full article... Article added: 2009-01-27 13:56:04 Article Views Rating: 195 Main > Car Makers News > GM > GM fights dealers over rival brands | detnews.com | The Detroit News NEW ORLEANS -- General Motors Corp. is fighting with car dealers who are trying to survive the worst U.S. sales market in 26 years by selling rival -- even foreign -- brands under the same roof, according to federal court records that reveal the automaker's hard-line stance with struggling retailers. The battle is brewing as 10,000 dealers and industry leaders converge today in New Orleans for the National Automobile Dealers Association convention, an affair that is expected to be glum -- 900... Full article... Article added: 2009-01-26 06:38:16 Article Views Rating: 190 Main > Car Makers News > Other > Car dealers try to survive as economy, sales drop | detnews.com | The Detroit News NEW ORLEANS -- At this year's version of the National Automobile Dealers Association convention, survival has passed maximizing profits as the focus of the event. Thousands of dealers from across the U.S. who gathered Saturday in New Orleans were greeted by workshops entitled "Selling up in a down economy: Taking the bull by the horns" and "Tough times, tougher dealers: Saving your dealership's assets." By almost all accounts, 2009 will be among the toughest years ever faced by the roughly 20,000... Full article... Article added: 2009-01-26 06:38:16 Article Views Rating: 156 Main > Car Makers News > Chrysler > GM: Saturn could survive; Chrysler: We'll be viable by spring | detnews.com | The Detroit News NEW ORLEANS -- General Motors Corp. said today the Saturn brand could survive a broad restructuring plan being developed that involves selling, shrinking or killing half of its eight brands. All possibilities are being considered but the options will be narrowed next month when the cash-strapped automaker submits a restructuring plan to Congress, said Mark LaNeve, GM's vice president for North America sales, service and marketing, while talking to reporters during the National Automobile Dealers... Full article... Article added: 2009-01-26 06:38:15 Article Views Rating: 255 Main > Car Makers News > Other > Downturn means it's back to the basics | detnews.com | The Detroit News We were spoiled too long. Minivans that leapfrogged the competition. Outrageously powerful Cadillac concepts as lavish as a rock opera. Luxury sport sedans that came to life as living art on the walls. Most of what you see on the Cobo Center floor at the North American International Auto Show this week was designed and engineered -- "locked in," as they say -- well before the current meltdown in industry sales. Will 2010 be even thinner?But if the show seems a little thin and aired out -- no Porsche... Full article... Article added: 2009-01-26 06:38:12 Article Views Rating: 150 Main > Car Makers News > General Motors > General Motors Gives Up Some Brands General Motors realizes it cannot survive in the current situation if it will not have some changes in the structure, so one of the major decisions was the elimination of the brands that don’t bring much profit. The manufacturer plans to keep Chevrolet, Cadillac, Buick and GMC, but Pontiac, Saab, Saturn and Hummer are going to leave the company. General Motors has been talking about Hummer sale since summer when the fuel prices went high and the sales of the gas-guzzlers dropped. At that time... Full article... Article added: 2009-01-16 06:07:16 Article Views Rating: 252 Main > Car Makers News > GM > GM won't build G8 sport truck | detnews.com | The Detroit News General Motors Corp. told dealers today it has killed the Pontiac G8 ST sport truck, which was scheduled for production this fall. The move comes as GM plans to shrink the Pontiac portfolio as part of a broader restructuring plan that involves cutting 21,000 to 31,000 jobs, eliminating about 1,750 dealers and closing or selling Saab, Hummer and Saturn. GM is shrinking Pontiac into more of a niche brand and will save money by canceling the G8 ST and focusing the brand on "sporty, fun to drive cars,"... Full article... Article added: 2009-01-07 09:36:17 Article Views Rating: 165 |
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