Gm


REPORT: Isuzu proposes new HD diesel engine for GM?

We're not entirely sure what to make of reports regarding Isuzu's tie-up with General Motors for diesel engines that seem to conflict with one another, but here we go anyway. According to Bloomberg, Isuzu is considering whether it should end its joint venture with The General for the production of large-displacement Duramax diesel engines. PickupTrucks.com adds that GM has its own excellent team of diesel engine specialists that are fully capable of designing the automaker's next heavy duty truck engines. In fact, the 4.5-liter diesel ... Read more →

Mysterious Dutch billionaire behind Spyker's renewed Saab bid? Jonny Lieberman

Too bad Saab couldn't get this much ink while they were fully-alive. That's right folks, another day, another story about the undead Swedish brand. Just-Auto.com is reporting that a mystery Dutch ...

UPDATE: Spyker extends proposal to buy Saab from GM 'until further notice' Jeremy Korzeniewski

Saab loyalists can keep their candles burning a wee bit longer as supercar manufacturer Spyker has extended the deadline of its final-final offer for the Swedish brand "until further notice." ...

REPORT: Spyker stock soars on word of Saab sale reconsideration Jonny Lieberman

Here's the skinny: Saab isn't totally dead yet. As the weekend showed, there's (a little) hope for both Saab and its Dutch suitor, Spyker. As our man Ramsey laid out yesterday, Spyker submitted a ...

BREAKING: Ex-Microsoft CFO Chris Liddell named CFO of General Motors Damon Lavrinc

In the search for an auto industry outside, General Motors has announced that Chris Liddell will become the automaker's vice chairman and CFO in 2010. Set to replace Ray G. Young -- a 20-year ...

Spyker Tries Again: Submits 11th-hour, 11-point bid for Saab 4 days ago on Autoblog

Spyker's motto, written on all of its cars in Latin, is "Nulla tenaci invia est via." Translation: "For the tenacious, no road is impassable." And so here the Dutch company is, tenaciously chasing Saab, announcing in a press release that they have submitted a renewed offer to General Motors that ...

REPORT: GM to show Chevy Orlando-based GMC Granite and hi-po Buick Regal in Detroit 4 days ago on Autoblog

It seems as though it's just about impossible to keep an embargo in place these days. A Canadian outlet just spilled the beans on a couple of GM reveals set for Detroit next month. They say they were invited to a sneak preview Wednesday evening and although they couldn't take pics, they felt free ...

Autoline on Autoblog with John McElroy 5 days ago on Autoblog

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 ...

GM begins repayment to U.S. and Canadian governments 6 days ago on Autoblog

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 checks to the U.S. and Canadian governments by the end of the year. GM sent $1 billion to the feds and ...

Christmas List 2010: Rattner's book to debut in time for next Christmas 6 days ago on Autoblog

Planning for the future is perhaps an alien concept to big business – even automakers, with their protracted product development cycles. Take a cue of what not to do from them, then, and start planning now for next Christmas. May we suggest that your 2010 wishlist starts with what's destined ...

BREAKING: Swedish Patient Succumbs - Deal for Saab is dead on the table, GM to wind down brand 6 days ago on Autoblog

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 morning, General Motors announced that the "intended sale of Saab Automobile AB would not be ...

REPORT: Michigan gives GM tax break but automaker to still halve staff at RenCen 6 days ago on Autoblog

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 to put the remainder, and that, for the state of Michigan, meant another few thousand workers ...

REPORT: Opel/Vauxhall CEO plans five-year product offensive 7 days 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 ...

GM: Chevy Volt Dance a major marketing gaffe? Sure. Let's move on. 7 days ago on Autoblog

It's no secret that General Motors' Chevrolet Volt song and dance (ignoring the obvious jokes here...) have brought the automaker's marketing department some much-deserved flack. In case you've been living under a rock for the past few days, we'll recap: GM commissioned a song to explain some of the ...

REPORT: GM-SAIC pondering Tata Nano fighter? 9 days ago on Autoblog

Though the minuscule Tata Nano hasn't even been on the market for a complete year, the impact it's had on the automotive world may be exactly inverse to its size and price. In other words, it's had a huge effect, proving to the world that it's possible to build a business plan around selling ...

REPORT: No alternatives left - Whitacre says it's Spyker or the Grim Reaper for Saab 9 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 10 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 10 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? 13 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 ...

REPORT: Detroit Three call Japan's cash-for-clunkers program unfair 13 days ago on Autoblog

The U.S. Car Allowance Rebate System (a.k.a. 'cash-for-clunkers') program was a short-term boon for automakers participating in our market. Sales went up, inventory went down and nearly 700,000 vehicles that would likely have otherwise ended up on used car lots were destroyed. And since the U.S. ...

Buick-GMC general manager Michael Richards leaves after just nine days on the job 14 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 14 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: Fed predicts it will lose $30B on auto industry bailout 14 days ago on Autoblog

2009 isn't quite over yet, but we're pretty sure most automakers would rather forget that it ever happened. And while General Motors and Chrysler suffered the pain and humiliation of bankruptcy and workers lost thousands of jobs and many plants and dealerships closed, the good news is that the ...

REPORT: GM, Ford to dramatically increase Q1 production versus year ago numbers 15 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' 15 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 16 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 16 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 17 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? 17 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 17 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? 18 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 20 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] 20 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 20 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? 22 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 22 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 ...

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Autoblog Podcast #158: 'Twas a couple nights before Christmas...

Chris, Editor Paukert, and Dan send the Podcast off for the Christmas holiday in proper fashion

 
 

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