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Home > Search for "Saturn OUTLOOK"
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: 251 Main > Car Makers News > GM > GM chops 2009 vehicle sales outlook | detnews.com | The Detroit News General Motors Corp. slashed its 2009 U.S. industry wide sales estimate to 10.5 million vehicles Thursday amid continued uncertainty over the timing of an industry rebound. The change means GM must craft a restructuring plan that reflects what had been its worst-case sales scenario when the automaker sought billions in federal loans last month. "We need to be more aggressive, and drive our business to an even lower break-even level given the risks and the challenges that you see in the environment,"... Full article... Article added: 2009-01-16 06:07:13 Article Views Rating: 180 Main > Car Makers News > Other > Confidence, credit key to buying revival | detnews.com | The Detroit News As the Detroit auto show strives to put an upbeat spin on a beaten down market, the big question remains: What will it take to bring buyers back to showrooms? Most analysts say it boils down to two factors: confidence and credit. Both are equally important. Consumers need to feel confident about buying a car or truck, a purchase that for most is second only to a home. That confidence should stem from a general sense that the economy is recovering, or at least on the path to recovery, and from a belief... Full article... Article added: 2009-01-16 06:07:12 Article Views Rating: 131 Main > Car Makers News > Other > Auto loans getting easier to obtain, but lenders remain cautious | detnews.com | The Detroit News DES MOINES, Iowa -- By all accounts it's a great time to buy a new car. Manufacturers are willing to slash thousands off sticker prices and offer interest-free money. But there's a catch. Those deals won't do you any good if you can't qualify. The reality is that many auto lenders are still stingy with money, so some dealers still have quiet showrooms. "The biggest challenge we've got is the availability of credit," said Dale Early, owner of Deerbrook Forest Chrysler-Jeep in Kingwood, Texas. Early said... Full article... Article added: 2009-01-12 06:34:06 Article Views Rating: 156 Main > Car Makers News > Other > Auto sales skid: Recovery rests on stimulus | detnews.com | The Detroit News After barely making it through the worst year for auto sales since 1992, Detroit's Big Three expect consumer demand to remain very weak in the first half of 2009 but begin to recover in the second half. Auto executives on Monday said they were pinning their hopes on President-elect Barack Obama's plan to introduce a massive stimulus package to revive the flagging economy and encourage consumers to start spending. Last year, U.S. car and light truck sales plunged 18 percent to 13.24 million vehicles as... Full article... Article added: 2009-01-07 09:36:18 Article Views Rating: 129 |
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