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REPORT: GM won't pay dealers for franchises, will buy back parts, vehicles

In a special broadcast to dealers yesterday, General Motors' sales chief, Mark LaNeve, explained that the automaker would buy back unsold new vehicles and parts from dealerships slated to be phased out by the end of 2010, but GM wouldn't pay off dealers for their franchises. As reported earlier this week, GM plans to cut it U.S. dealerships by 42% by the end of next year, reducing the total number of retailers from 6,246 to 3,605. Beginning this May, GM will begin sending letters to around 1,200 dealers informing them that their franchises ... Read more →

BREAKING: GM disbands High Performance Vehicle Operations Damon Lavrinc

Coinciding with the release of General Motors' Viability Plan, the automaker has disbanded its High Performance Vehicle Operations team, the crew responsible for the line V-series Cadillacs, the ...

Volvo to trim 30-percent of U.S. dealers by the end of next year Damon Lavrinc

Volvo hasn't been doing too hot lately, posting a $1.73 billion loss over the past five years as it flails to find its niche. Sales of almost every Volvo product have declined in 2007, with the S60 ...

Chrysler, cutting lineup, won't sell twins anymore Michael Harley

With Project Genesis in full swing, new revelations from Steven Landry, Chrysler executive vice president for North American Sales, have shed some more light on the corporate strategy to trim waste ...

F1 engine ban reduced to 5 years, new formula expected within 2 Noah Joseph

The FIA and the teams participating in F1 have agreed to shorten the ban on engine development to five years. The FIA, which forms the rules for Formula One, had previously instituted a freeze on the ...






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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