General motors


Autoline on Autoblog with John McElroy

GM COULD REPAY EVERY SINGLE PENNY Even though General Motors surprised everyone when it announced it will repay its government loans by next June, a lot of people are still unhappy. What about the other $50 billion we poured into the company, they demand to know? A lot of politicians and not a few Wall Street analysts say we may as well kiss that money goodbye. We'll never see it again, they promise. But it's entirely possible, and even likely, that they are very much mistaken. Taxpayers are likely to get a lot of that money back. ... Read more →

GM begins repayment to U.S. and Canadian governments Chris Shunk

Good news, the check is in the mail! General Motors issued a (very) brief press release this afternoon stating that the automaker had delivered on its promise to issue its first reimbursement ...

BREAKING: Swedish Patient Succumbs - Deal for Saab is dead on the table, GM to wind down brand Chris Paukert

After a protracted saga that has seen bidders drop in-and-out and old model tooling and assets sold off to the Chinese, the enigmatic brand known as Saab is dead. In a press release issued this ...

REPORT: Michigan gives GM tax break but automaker to still halve staff at RenCen Jonathon Ramsey

There are roughly 4,000 GM employees working at the company's Renaissance Center headquarters in Detroit. During the restructuring, GM has been working out how many employees to let go and where ...

Sweeney takes over Buick/GMC general manager duties Chris Shunk

For the third time in two months, General Motors has a new Buick/GMC general manager, this time hiring longtime employee Brian Sweeney to the high-profile post. Sweeney gets the job one week after ...

REPORT: Opel/Vauxhall CEO plans five-year product offensive 1 day ago on Autoblog

Interim Opel CEO Nick Reilly has been overseeing the German firm for all of six weeks. And over that scant month and a half, he's conjured the way forward for Opel and Vauxhall and seems determined to leave nothing undone. Chatting with Auto Motor und Sport, Reilly intends to give Opel a little ...

REPORT: No alternatives left - Whitacre says it's Spyker or the Grim Reaper for Saab 3 days ago on Autoblog

It's now or never. By the end of December General Motors will either divest itself of Saab by selling the Swedish automaker or by permanently closing its doors. And there is but one company bidding for the Swedish automaker -- Spyker -- which has yet to turn a profit. GM Chairman and interim CEO ...

REPORT: Despite selling off old bits to BAIC, Saab brand still in search of buyer 5 days ago on Autoblog

Here's a little bit more on the salvation/debacle of Saab. First of all, it should be pointed out that after our last report about Holland's Spyker trying to buy Saab, the freaks lovely people over at Saabs United pointed out some gaping holes in our reporting an inconsistency or two with the ...

Fed may reconsider $500k salary cap for new GM CEO, limit pay for 2nd tier execs 5 days ago on Autoblog

It's official: pay czar Kenneth Feinberg's executive compensation rules for companies yet to return their bailout funds means a cap of $500K for second-tier executives. Importantly, that number represents the total compensation allowed, but only 45 percent of it -- $225,000, can be in cold, hard ...

Mulally and Whitacre gab on phone, what was said? 7 days ago on Autoblog

Word has it that Ford CEO Alan Mulally and the new interim CEO of General Motors, Ed Whitacre, had a phone conversation this week. This type of across-the-aisle conversation is not unusual, as Mulally himself placed a call to each of his competitors when he arrived in D-town from Boeing three ...

Buick-GMC general manager Michael Richards leaves after just nine days on the job 8 days ago on Autoblog

Nine days ago, we posted about Michael Richards getting Susan Docherty's old post at General Motors, brand manager for Buick-GMC. Today, he walked away. According to The Detroit News, the official (yet still unofficial) reason is that Richards' previous employer – Trinity Automotive in ...

REPORT: Spyker takes the lead in the Saab bidding sweepstakes 8 days ago on Autoblog

General Motors appears on track to either close or sell the ailing Saab brand by 2010. If they do, in fact, sell Saab, they are reportedly stipulating the following: the buyer must be well versed in small scale car production and they should be interested in keeping production in Saab's ...

REPORT: Automotive advertising plummets 30.8% 9 days ago on Autoblog

Automobile manufacturers and dealers spent $7.5 billion on advertising during the first six months of 2009, says TNS Media Intelligence. The company that keeps track of nearly every form of advertising for all industries is reporting that the figure represents a 30.8% drop compared to the same ...

REPORT: GM, Ford to dramatically increase Q1 production versus year ago numbers 9 days ago on Autoblog

The first quarter of 2009 could best be described as the worst of times in the auto industry. With the full weight of the global financial collapse weighing down on the industry, sales dropped like a stone and production screeched to a halt. General Motors and Ford produced only 371,000 and ...

Mad Money host Jim Cramer calls Whitacre 'assassin of the bad' 10 days ago on Autoblog

We've spilled some ink about CNBC Mad Money host Jim Cramer before, the financial expert who – as The Daily Show pointed out – missed the whole Great Depression 2.0 thing. Of course, it's not fair to single out Mr. Cramer, as 99 out of 100 economists thought credit default swaps based ...

REPORT: Spencer Stuart tasked with finding new GM CEO 10 days ago on Autoblog

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 ...

Tiger Woods' Escalade owned by GM, will be fixed and eventually sold 10 days ago on Autoblog

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. Interestingly enough, the Escalade isn't owned by Tiger Woods – it's part of GM's promotional fleet. ...

REPORT: Minicar, EV on the way from Opel 11 days ago on Autoblog

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 to get to the finish GM will need to keep Opel running smoothly, get its Spark firing quickly (if ...

REPORT: Even while pursuing Volvo, Geely again mulling bid for Saab? 11 days ago on Autoblog

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 News that the reason Geely has been present at a lot of negotiating tables is because it wants to ...

GM buys remaining stake in CAMI plant from Suzuki 11 days ago on Autoblog

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 automaker has had one very good piece of news: its new products are faring well in the marketplace. ...

REUTERS: China's BAIC secures $2.1B line of credit... is it for Saab? 12 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 14 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] 15 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 15 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? 16 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 16 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 ...

BREAKING: GM CEO Fritz Henderson steps down 17 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: New Chinese-market Cadillac SLS and Buick Excelle XT to debut in Guangzhou 24 days ago on Autoblog

General Motors' China's sales are up 60 percent year-on-year, and The General wants to keep the momentum going at its Chinese outpost. Automotive News China reports that the Guangzhou Auto Show will play host to the unveiling of the market-specific Cadillac SLS and Buick Excelle XT, the latter ...

BREAKING: Koenigsegg backs out of Saab purchase, brand future up in the air 24 days ago on Autoblog

After riding in on a white horse, Koenigsegg Group AB has pulled out of negotiations to buy Saab from General Motors, leaving the Swedish automaker's future very much in doubt. In a brief statement issued by GM (available after the jump), president and CEO Fritz Henderson says that the company ...

First Drive: 2011 Buick Regal prototype looks to be a good sport 25 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 28 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 28 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 28 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 28 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 29 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. ...

Autoblog builds an LS9 for someone's Corvette ZR1 1 month ago on Autoblog

When you think of brands like Aston Martin, Ferrari and AMG, the idea of their engines being built by the hands of skilled craftsmen is no great surprise. However, most people would be very surprised to learn that General Motors has its own special facility dedicated to building its highest ...

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Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too! 

 
 

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