General Motors will cut 1,124 dealerships loose by October of 2010. The struggling automaker on the verge of bankruptcy sent letters out to the dealerships last week as it searches for ways to reduce it’s current dealer network of 5,969 to just 3,600. GM says it will not renew dealership agreements with the 1,124 companies...
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GM Vice Chair Bob Lutz Kisses a Saturn Astra. Recently he kissed-goodbye to all his stock in the company. In a move that should probably be illegal (but isn’t) six General Motors executives recently sold off all their shares in the company. That’s right, those same guys who helped drive GM into bankruptcy traded in...
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Late last week we reported that GM was ceasing production of the Cobalt SS Sedan and now the automaker has confirmed several other performance models will get the axe. That’s right, the latest vehicles to face the guillotine in this French Revolution-style automotive bloodbath are three (or four depending on how you look at it)...
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General Motors has once again posted a massive quarterly loss, coming up short to the tune of $6 billion for Q1 of ’09. That is roughly the equivalent of the value of 473,000 Chevy Aveos. The company burned through $10.2 billion during the period, lowering its cash reserves to $11.6 billion from $14.2 billion at...
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Cadillac’s entry-level European BLS Amid all the terrible news coming out of the U.S. auto sector, there are some glimmers of hope… sort of. While General Motors is cutting models and whole brands, it is making a commitment to introduce a new Cadillac model under the CTS. Unfortunately it won’t be the rear-drive 3-Series fighter...
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Several major news outlets are reporting that General Motors is planning extended shutdowns of its U.S. plants this summer. The plants would be idled for as much as nine weeks from mid-May through July. While it is common practice for plants to idle for a “summer break” during the sunny season, that period has traditionally...
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Looking for a real piece of American automotive history? Sure, you could saunter down to the Barrett-Jackson auction in Palm Beach, Fla. this weekend and bid on a classic Corvette that speaks to all that General Motors once was, or… you could bid on a vehicle that was made just last year and is one...
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Just ahead of the Obama Administration’s press conference today, some of the most important details are already out. General Motors is to be given 60 more days to complete its restructuring plan, while Chrysler is being given just 30 days to finalize a partnership with Fiat. This news comes as both fumbling U.S. automakers are...
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General Motors CEO Rick Wagoner will be stepping down as the head of the deeply troubled American auto giant by the end of the month – this according to several reports including CNBC and GMInsideNews. Wagoner apparently did not come to the decision on his own and while he was not “forced” he was apparently...
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Cadillac has made the move to stop selling its vehicles in half of the European countries it currently has a presence in – this according to a report in Automotive News. There is no word on exactly which of the 25 countries will be affected but two markets that are guaranteed to still carry the...
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Cadillac has just announced that it will begin offering it’s best-selling CTS model with WiFi internet access. The new system, by Autonet Mobile, will be available in April and will allow passengers and those in close proximity to the car to have access full high-speed internet – perfect for passengers with laptops or mobile devices....
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As a part of GM’s restructuring plan the company has made the drastic decision to “temporarily” close its High Performance Vehicle Operations department. “All high-performance projects are on indefinite hold,” said spokesman Vince Muniga to Auto News “The engineers are moving into different areas of the organization, and they will work on Cadillacs, Buicks, Chevrolets...
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After a flip through GM’s 117 page Viability Plan, submitted yesterday to the U.S. Government, we came across one little surprise. That’s right, the Cadillac CTS, listed in the “Future Product Launches” appendix. Up until now we have just sort of assumed that this car would see production, but now it appears to be official....
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According to a report from the regularly reliable folks at GMInsideNews.com, General Motors is holding off on bringing its Alpha platform to market. This is highly disappointing as the Alpha is a mid-sized rear-wheel drive platform that was expected to be the basis of an upcoming 3 Series fighter from Cadillac – much needed considering...
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Cadillac has announced that 2009 will be the last year for its retractable hardtop XLR. Pity. Apparently dealerships are still taking orders for the $87,055 sportscar (or over $100,000 for the XLR-V) and the final model will roll off the production line in Bowling Green, Kentucky in the Spring. The XLR and XLR-V were the...
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Looking strikingly similar to the Cadillac CTS Coupe Concept unveiled at last year’s Detroit Auto Show, the ConverJ Concept is powered by the same drivetrain as the upcoming Chevy Volt. Using a four-cylinder engine, a lithium-ion battery pack and an electric engine, the vehicle should achieve 40 miles of emissions-free driving before the gasoline engine...
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Cadillac has announced that it will show the production version of the new CTS Sport Wagon at the North American International Auto Show (NAIAS) in Detroit this January. Considering the American luxury brand announced production plans for the Caddy wagon months ago, it is also expected that a second model, the CTS Coupe, will be...
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Welcome to the AutoGuide.com News Blog, your comprehensive source for breaking automotive news. Our staff of writers and contributors will keep you updated on all aspects of the auto industry, from vehicle unveilings, to concept cars, to news from auto shows, the aftermarket and the world of motorsports. The AutoGuide.com News Blog complements...
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