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...
Continue Reading...
After General Motors made it clear in its viability report submitted to the U.S. Treasury that the future of Saturn was uncertain at best, it appears as though Saturn’s network of dealers has its own plan. Dan Januska, owner of Saturn of Scottsdale, told the Wall Street Journal that the dealers have been in talks...
Continue Reading...
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....
Continue Reading...
Along with asking for $16.6 billion more in loans from the Federal Treasury, General Motors has made it clear that Saturn, Saab and Hummer will be sold off or eliminated. GM has made it clear that Hummer is for sale if anyone is interested, and the same can be said for Saab, if the Swedish...
Continue Reading...
Today is it… the North American Auto Industry’s big day full of big and frightening news. But things may be worse than anyone had planned. That’s right, General Motors wants more money from the Federal Treasury… $16.6 Billion. Yes.. that is $16.6 Billion on top of the $13.4 Billion loan GM already secured from the...
Continue Reading...
After experiencing a December sales slump of almost 50 percent compared to the same month a year before, the British government has announced that it will provide £2.3 billion (or $3.25 billion) for automakers in the UK. The funds are intended to assist viable companies that are suffering because of the current global economic crisis....
Continue Reading...
sidebar...
