GM


REPORT: Spencer Stuart tasked with finding new GM CEO

Headhunting firm Spencer Stuart is without doubt on the speed-dial lists of bailed-out firms, having placed chairmen, CEOs, Chrysler Group LLC, and board members for AIG, Citigroup Inc., Freddie Mac, Fannie Mae, and GMAC. Then they flew over General Motors so that Ed Whitacre, Jr. could heli-drop in. Now, The Wall Street Journal is reporting that GM has chosen Spencer Stuart to assist it in locating a permanent CEO to take up the position from Whitacre. GM's list of requirements makes it clear they're looking for someone bionic, having ... Read more →

Tiger Woods' Escalade owned by GM, will be fixed and eventually sold Michael Harley

The world's most infamous 2009 Cadillac Escalade, the one Tiger Woods drove into a hydrant and then a tree early in the morning of November 27, is heading to the body shop for repairs. ...

REPORT: Minicar, EV on the way from Opel Jonathon Ramsey

General Motors has declared that Opel needs a minicar, a tiny little thing that can compete with runabouts like the Ford Ka and Peugeot 107. That's a fine sentiment here at the starting line, but ...

REPORT: Even while pursuing Volvo, Geely again mulling bid for Saab? Chris Shunk

Just about every time an automaker decides to sell one of its brands, Chinese automaker Geely comes up as one of the potential suitors. Geely executive Lawrence Ang has reportedly told Automotive ...

GM buys remaining stake in CAMI plant from Suzuki Chris Shunk

It's safe to say that 2009 has been the most difficult year in the 101-year history of General Motors. But while most of the news coming out of GM has been tough to swallow, the Detroit, MI-based ...

REUTERS: China's BAIC secures $2.1B line of credit... is it for Saab? 2 days ago on Autoblog

Beijing Automotive Industry Corporation (BAIC) could still be in the game for Saab, having secured a $2.93 billion line of credit from the Bank of China. On the other hand, BAIC could just be gearing up for its own home-grown expansion plans, with an eye on ramping up production and putting ...

Here's the Plan: GM reveals how it will deal with shuttered dealers' complaints 4 days ago on Autoblog

Back in May, General Motors announced plans to close down a large portion of its dealership network. Since then, a number of those franchisees have lodged complaints to both the automaker itself and appropriate policymakers, leading to possible legislation on how GM is allowed to handle the ...

BREAKING: Whitacre to shakeup GM management, put Lutz in product planning [UPDATE: Confirmed] 4 days ago on Autoblog

Having just been appointed interim CEO at General Motors earlier this week, ex-AT&T man Ed Whitacre isn't wasting any time in exercising his newfound authority. According to The Wall Street Journal, Whitacre is to announce a number of management changes this morning, including moving Vice ...

REPORT: GM selling control of Chinese joint venture to SAIC, half of India operations 4 days ago on Autoblog

It has been a busy week at General Motors. The week started off with CEO Fritz Henderson's abrupt resignation, then executives converged on the LA Auto Show where Bob Lutz was the keynote speaker and then the U.S. market Chevy Cruze was revealed. Now, the General is reportedly deep in negotiations ...

Merbanco out, Spyker in as Saab bidding heats up. Was Fritz axed because he wanted Saab closed? 6 days ago on Autoblog

As General Motors suddenly finds itself in search for a new CEO to replace Fritz Henderson, it is also looking to secure a buyer for perennially troubled Saab. GM originally thought it had a new parent for the brand in Koenigsegg, but after that deal went sour, Detroit officials confirmed that ...

LA 2009: Maximum Bob, Maximum Live Blog 6 days ago on Autoblog

We're here in the City of Angels to watch Fritz Henderson deliver GM's keynote address to the all us media types here at LA Auto Show. Only thing is, Fritz resigned yesterday, and for some reason interim CEO Ed Whitacre will not be delivering the keynote. Which can only mean one thing -- GM's ...

REPORT: GM could sell some Saab assets to Chinese; brand has through year's end to find buyer 7 days ago on Autoblog

General Motors' Saab brand has been given a one month stay of execution as the Detroit, MI-based automaker has announced that it will hold off on a decision regarding the brand's fate until the end of the year. GM's apparent non-decision comes just one week after it announced that Swedish ...

Michael Richards named Buick GMC general manager 7 days ago on Autoblog

Fritz Henderson's unexpected resignation may have taken top billing today, but it wasn't the only move announced by General Motors today. Michael Richards has been named the new General Manager of Buick GMC effective immediately, with the automaker looking from outside the company to fill the ...

BREAKING: GM CEO Fritz Henderson steps down 7 days ago on Autoblog

Well, that was quick. Fritz Henderson, the recently appointed CEO of General Motors, is stepping down. Company chairman of the board Ed Whitacre (remember the "Satisfaction Guaranteed" commercials, that's the guy) is set to act as the interim CEO until a permanent replacement is found. This ...

REPORT: Fitch Ratings says U.S. auto industry headed for airline-style cyclical bankruptcies 8 days ago on Autoblog

Remember this past spring and summer's super speedy General Motors and Chrysler bankruptcies? If the billions in government loans and White House strong-arming is starting to slip into the recesses of your memory, your mind will likely be refreshed sometime in the future, at least according to ...

REPORT: GM offering special discounts to rejected franchise customers, move angers dealer group 14 days ago on Autoblog

Realizing that one of its keys to survival is retaining existing owners, General Motors is proactively enticing nearly one million customers – those loyal to now-closed dealerships – with significant financial incentives. According to Automotive News, GM started sending 950,000 ...

First Drive: 2011 Buick Regal prototype looks to be a good sport 15 days ago on Autoblog

There's an odd bit of historical deja vu at work here. Back in the late '60s and early '70s, General Motors wanted to shift a few sporty-ish four-cylinder models from its Opel division into America, so they turned to their Buick dealers. This didn't work out exactly as planned – ...

REPORT: SS badge to return to its roots at Chevy 17 days ago on Autoblog

When the SS badge returned to Chevrolet, we were pretty excited. But then the double letter #19 made its way onto the last generation Malibu, and we were immediately and nearly permanently turned off. General Motors later turned up the heat with the turbocharged Cobalt SS and HHR SS, and while we ...

193 vehicles returned under GM's 60-day satisfaction guarantee 18 days ago on Autoblog

Last month, General Motors raised some eye brows when it announced its 60-day satisfaction guarantee program giving customers the ability to drive their vehicles for 60 days and return them with zero minimal risk. A month ago, we told you that only one vehicle had been returned under the program, ...

REPORT: Ghosn still thinks Renault-Nissan should have partnered with GM in 2006 18 days ago on Autoblog

With all the trials and tribulations General Motors has endured during the past year, we almost forgot that the Detroit, MI-based automaker nearly got itself tied up with Renault-Nissan. Back in 2006, the two companies discussed joining forces to become a singular global automotive juggernaut, but ...

Swedish Pickle: Study says GM lost $5,000+ on each Saab sold over the last 8 years 18 days ago on Autoblog

When the automotive history of the last ten or so years is written, one of the most curious chapters will be why big, flush with cash American car companies purchased relatively diminutive, relatively oddball Swedish brands. Ford and Volvo, while still not a match made in heaven, at least gave ...

Two Out of Three Ain't Bad: Most Chevy Camaros reportedly being sold with V8 power 19 days ago on Autoblog

It's a sign of the times that most buyers of the new Camaro would go for the V6 and not the V8. At $31,595, the eight-cylinder SS model naturally sells for more than the $23,530 base V6 model. To compound the issue the V6 model costs the auto giant nearly as much to build as the V8 version. ...

REPORT: Hummer getting plans in order for H4 and H5 models 21 days ago on Autoblog

As a brand, Hummer has been in limbo since General Motors announced it was selling the downtrodden marque to China's Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd. Speculation remains that the sale could be completed on or around December 1, pending approval from GM and the Chinese ...

GM's RenCen headquarters in Detroit 'at risk' without tax credits? 21 days ago on Autoblog

According to The Detroit News, General Motors has gone on record as suggesting that without state tax credits designed to keep 2,500 employees ensconced at its Detroit Renaissance Center headquarters, the automaker could pull out of Motown's skyline and into the suburbs and surrounding areas. ...

REPORT: January's Detroit Auto Show to be loaded up with political VIPs 21 days ago on Autoblog

After General Motors and Chrysler required a combined $80 billion in government assistance to keep their doors open, many speculated that Uncle Sam would want to keep a hand in the carmaking cookie jar. While it is debatable how much control (a lot) the White House and Congress have over the ...

REPORT: All GM brands to go on sale this week 22 days ago on Autoblog

The holidays are coming and everything must go! So says GM's VP of sales Susan Docherty. "All of our efforts will be to sell down our remaining 2009 inventory." Docherty is expecting all the 2009 cars to be cleared out by January, 2010. The big sales, starting this week, each get their own ...

GM loses $1.2B last quarter, ready to start repaying loans 22 days ago on Autoblog

This is one of the trickier press releases we've ever had to parse, but here goes. Despite losing $1.15 billion in the third quarter of 2009, General Motors sees this as a "solid foundation." GM President and CEO Fritz Henderson continues, "With a healthier balance sheet and a competitive cost ...

BREAKING: GM to begin repaying $6.7 billion in U.S. loans next month 23 days ago on Autoblog

digg_url = 'http://www.autoblog.com/2009/11/16/breaking-gm-to-begin-repaying-6-7-billion-in-us-loans-next-mon/'; General Motors will announce later today plans to repay the U.S. government some $6.7 billion in loans ahead of its initial due date of July 2015. The payments are expected to begin ...

2011 Buick Regal revealed live at the Hollywood Palladium 25 days ago on Autoblog

Last night General Motors' superstar train blew into Los Angeles for a gala event at one of Hollywood's most iconic theaters, the Palladium. Designed by Hoover Dam architect Gordon Kaufman and opened by a $1 Frank Sinatra concert in 1940, the Palladium has played host to a who's who of music ...

REPORT: GM to let rejected dealers apply for new franchises 25 days ago on Autoblog

General Motors' bankruptcy lasted all of 42 days, and the General got a lot of liabilities off the book in that short window of opportunity. One of the more controversial moves was to give 1,300 dealers across the US a pink slip post-dated for October 2010, bringing the Detroit, MI-based ...

REPORT: Germany wants GM's plan for Opel - and a billion dollars - "quickly" 26 days ago on Autoblog

General Motors' bouleversement on the sale of its Opel brand has caused the European head of Opel vacate his office, the head of Opel labor to gulp "a bottle of wine" to get over the shock, the German head of state to request "GM to present a reliable plan for Opel quickly," and Germany's ...

GM Executive VP Nick Reilly named interim CEO at Opel/Vauxhall 28 days ago on Autoblog

It's been one heck of a week for Opel. After months of negotiations between Magna and its partners on the one hand and General Motors on the other, the American parent company opted to hold on to its European subsidiary. In the wake of the decision, Opel's chief executive Carl-Peter Forster ...

REPORT: GM to invest C$100M in Ingersoll plant to boost GMC Terrain, Chevy Equinox volume 29 days ago on Autoblog

It's early, but so far, General Motors' 2010 Chevrolet Equinox and GMC Terrain twins are exceeding sales expectations by enough of a margin that the automaker may have to shell out some serious coin to better-align production with demand. Reuters and the Toronto Star say GM will pay $100 million ...

REPORT: Lutz to step in as interim Opel chairman 1 month ago on Autoblog

Just hours before General Motors announced that it wasn't going to sell Opel, GM Europe head Carl-Peter Forster said publicly that Opel would be better off under the control of Magna. Talk about bad timing. Now that GM is keeping Opel, Forster is out as the head of the General's European ...

Germany not happy with GM abandoning Opel sale 1 month ago on Autoblog

It was an exhausting 7-month process that finally winnowed down a pool of suitors for Opel, General Motors' European subsidiary, to Canadian parts maker Magna and Russian bank Sberbank. The deal was all set to go through, but GM pulled the plug yesterday at the 11th hour, claiming that because ...

BREAKING: GM board opts to call off Opel sale 1 month ago on Autoblog

After months of negotiations with supplier Magna and its Russian partner Sberbank, General Motors has decided not to sell its Opel unit. The General mentioned in the post-jump press release that the new board of directors came to the decision to keep Opel due to GM's recovering financial ...

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Autoblog Podcast #156: Paukert comes back for more! 

Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

 
 

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