It All Comes Down to Cadillac

Thursday July 9th, 2009 at 7:77 AM
Posted by: m35man

Cadillac crest

When General Motors Corp.’s top executives were choosing this year which brands to keep and which to ditch, Cadillac was unquestionably deemed to be a valuable asset that should be part of a new GM.

The most iconic of GM’s brands, Cadillac is known worldwide. In its heyday, it rolled out some of the most beautiful cars ever built, the fin-tailed sedans of the ’50s and ’60s that symbolized American optimism across the globe.

“We all use the expression ‘the Cadillac of toasters’ or ‘the Cadillac of something else.’ It still means ‘the best of’ to a lot of people,” said Csaba Csere, a contributing editor to Car and Driver magazine.

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Detroit's New Mayor Wants GM to Stay

Thursday May 14th, 2009 at 12:55 AM
Posted by: m35man

Detroit Mayor, Dave Bing

Dave Bing began his first full day as mayor earlier this week addressing immediate crises and ongoing ones. Maybe the most important thing he has done so far involves wooing General Motors Corp. to stay in the Renaissance Center and persuading the company to remain in Detroit for the long-term.

Bing was a great NBA basketball player—so good he’s in the Basketball Hall of Fame. But, if he can keep GM in Detroit, it will be the greatest achievement of his life. The clock is running down, his team is down by three points and he has the ball. It’s a classic “do or die” situation, and if Bing succeeds, he can run for Governor of Michigan and win. Detroit is an embattled city right now, and if Bing can make it here, he can win the game for America’s Team. Detroit losing GM would be like the city losing either the basketball Pistons, the baseball Tigers, the hockey Red Wings or the football Lions.

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Saturn Might Be Sold To New Investors

Monday April 20th, 2009 at 8:44 AM
Posted by: tonyb

Finally some good news (sort of) from General Motors. It looks like Saturn, one of the GM divisions most often mentioned to be on the chopping block, might actually be spun off into its own independent company.

Last week General Motors said that Black Oak Partners along with other investors and a group of Saturn’s dealers are interested in buying the firm’s Saturn division. Black Oak Partners is a private equity firm, but GM has remained silent on who the other investors might be.

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Flint Gets a Jolt From The Volt

Thursday February 26th, 2009 at 8:22 AM
Posted by: m35man

Chevrolet Volt

Instead of constructing a whole new factory to make engines for its new Chevrolet Volt electric vehicle, General Motors has decided to build them in an existing facility located in Flint, Michigan.

The Chevy Volt is one of the most anticipated American-made vehicles that has come along in quite some time. You might even say that it’s a make-or-break car for GM. The carmaker is going all out to make the Volt a success and a household name.

People like the general idea of this car, because it’s economical, sporty and green. The Volt will rely on a lithium-ion battery pack that will let commuters travel up to 40 miles on electric power alone. The Volt’s engine kicks in after its battery is drained by about 70 percent to sustain the battery’s remaining charge to keep the car running for several hundred miles.

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Saab Halts All Production, End Is Nigh?

Thursday February 26th, 2009 at 5:22 AM
Posted by: tonyb

Saab

Saab, acquired by GM a while back, and pretty much steadily underperforming since has been hanging by a thread for at least 9 months, and now things have gotten even worse. The Swedish automaker was forced to halt all production on Wednesday (the 25th), reportedly due to owing the Swedish Customs Agency a “considerable” sum of money for back duties. The upshot being the Swedish Customs Agency is blocking all Saab shipments originating from outside the European Union. If Saab wants to resume production, they must either come up with the money or receive financing from another source. “Saab is not getting a penny of credit from us,” a Customs agent added

Saab production manager Gunnar Brunius, had this to say, “The Customs Agency is holding onto our goods. I have received no indications about us being unable to pay.”

News of the production shut down follows closely on the heels of the bankruptcy filing by Saab. No dollar figure was mentioned in news from Scandinavia, but most likely it is far more than Saab has in cash reserves.

Source: LeftLaneNews

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Lutz Kisses Saturn Goodbye, Brand On Death Watch

Monday February 23rd, 2009 at 10:22 AM
Posted by: tonyb

Bob Lutz kissing Saturn goodbye

Uh-oh, this is bad, and looks like terminal news for what once was General Motor’s supposed harbinger of the way it world work in the future. GM product kingpin Bob Lutz intimates that Saturn is on its way to meet up with Ford’s Edsel and Kaiser’s Henry J in the great auto graveyard in the sky.

Says Maximum Bob, “We spent a huge bundle of money in giving Saturn an absolutely no-excuses product lineup, top to bottom. They had a better and fresher lineup than any GM division, and the sales just never materialized. So we have to act on that. It’s our duty.”

Which is another way to say, “it’s over”.

Which is sad, because initially, Saturn DID look like a good way to future success for GM. Everyone, it seemed, had great things to say about Saturn dealerships, and the whole experience of buying one of their cars, but in between there and now, something happened. For whatever reason, Saturn sales dropped, and dropped more than other GM divisions. And what was called “the Saturn dealer experience” turned sour for some. A lot of people went in to Saturn expecting not only the car-buying event to be different, but the car to work better than it actually did. It wasn’t, and so, we find ourselves where we are: looking at another funeral invite.

Source: Edmunds

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"We're Not Dead Yet!" Big 3 Declares

Tuesday January 20th, 2009 at 7:11 AM
Posted by: m35man

2010 Ford TaurusThe North American International Auto Show (NAIAS) in Detroit is the big stage, where carmakers get to strut their stuff, thump their chests and tout their newest vehicles. It’s a great time for manufacturers to garner praise, but it can also be an opportunity for the automotive press to thrash the powers-that-be.

Many thought that the Big 3 would come out of the show with egg on their faces. But, from what I’m hearing, exactly the opposite was true. By unveiling their newest vehicles and winning some awards, Ford, GM and Chrysler wrapped up the show with hope for the future.

“We’re not dead yet!” the Big 3 exclaimed. “Sales are sluggish right now, but you can’t keep American Ingenuity down for long.”

Don’t count out the Big 3 just yet. What some people have been calling the “Downturn of the Century” may just turn out be the “Greatest Comeback of Our Generation.” It’s a scary time, but it’s also potentially a very exciting period for the U.S. automotive industry. And with the presidential inauguration less than 24 hours away, this could be some great timing for the Big 3.

Photos from NAIAS and more after the jump.

(Continued on page 2)

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GM Jetsetters Try to Cover Their Tracks!

Tuesday December 2nd, 2008 at 6:1212 AM
Posted by: goofshow

GM logoIt gets crazier and crazier. What the hell is GM trying to hide? General Motors has asked the U.S. Federal Aviation Administration to prevent public tracking of their corporate private jet. GM spokesman Greg Martin declined to comment on why GM made the request to the FAA, though what better way to reload Congress’s guns.

This comes on the heels of GM’s CEO, Rick Wagoner, being lambasted by U.S. lawmakers for flying the jet to Washington in order to ask for public funds of $25 billion in aid from the federal government. After lawmakers took the luxury-jet-setting-exec to task, the critical-quips flew through the air. “Couldn’t you have downgraded to first class or something, or jet-pooled?” Rep. Gary Ackerman asked at the hearing held by the U.S. House Financial Services Committee. It’s still up in the air (no pun intended) if Ford and Chrysler made a similar request to the FAA to keep their luxury jet where-a-bouts a secret.

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Careers at GM!

Wednesday November 26th, 2008 at 10:1111 AM
Posted by: goofshow

It’s so easy to look at the GM corporate web site with ironic detachment. The sad jokes write themselves. Where to start? Why first there’s the tab that says Life at GM, which you click and in large fonts trumpets, Life @ GM…More For You to Love. It then states, “This is one of the most exciting times in our company history.”

SAD JOKE #1: I guess begging for a $25 billion bailout equals “exciting” in the eyes of GM executives.

At the bottom of the page it relays Our GM Vision: We earn our customers’ trust and enthusiasm through continuous improvement driven by integrity, teamwork and the innovation of GM people.

SAD JOKE #2: Nothing earns customers’ trust and enthusiasm more than begging for a $25 million bailout with the prospect of declaring bankruptcy and collapsing the auto industry.

The site actually as a link for career opportunities at GM. Yes, this is for those who might potentially be thinking of taking on a career with GM despite the fact that hundreds of thousands of autoworkers might be losing their jobs. You follow the link to a page showing roughly 7 well-groomed smiley people looking like you just told them they won the lottery, with the words, “Careers at GM…Love What You Do.”

If out-of-the-ordinary is your inspiration, you’ll have plenty of company at General Motors. We encourage our automotive professionals to breakaway from the mainstream and explore the unimagined.

SAD JOKE #3: Out-of-the-ordinary must be a euphemism for soon-to-be laid off and out-of-a-job.

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Michael Moore Speaks Out About The Auto Industry on CNN

Monday November 24th, 2008 at 11:1111 AM
Posted by: goofshow

Michael MooreControversial filmmaker Michael Moore spoke out last night about the auto industry on CNN’s Larry King Live.

“I’m of mixed mind with this bail out,” Moore said, who doesn’t want to see hundreds of thousands of autoworkers suffer at the hands of these auto makers, but at the same time,“I don’t think that these companies, with these management people, should be given a dime because that’s just money going up in smoke or off to other country.”

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