As General Motors continues to report record losses, there are still some small success stories to report. The reborn Chevy Camaro is one of them. While plants are being idled and employees being let go across the company, at the Camaro assembly plant in Oshawa, Canada, workers can’t keep up with demand. The Peterborough Examiner...
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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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The sale of Saturn to Nissan-Renault could see cars like this Mégane Renault Sport roaming U.S. streets. The rumor mill keeps churning out new and exciting candidates interested in buying GM’s Saturn brand. The most recent speculation is that Nissan/Renault might be interested. The Wall Street Journal is reporting the Nissan-Renault interest in Saturn, while...
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Interesting times indeed. As the economy continues to lumber on, this economic shakeup is certainly changing things in the automotive industry. While in a bustling economy it may take decades for shifts to happen in an industry, it can take just a month in a recession. And so with every passing month the sales figures...
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Jim Waldron, the owner of a Pontiac dealership in Michigan has revealed that he and a group of investors submitted an offer to buy the scheduled-for-termination Pontiac brand from GM. Waldron made the announcement on ABC’s local WJRT station and said that he expects to hear back from the company this week. GM representatives, including...
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With the Pontiac brand gone, GM is looking to get out of its arrangement with Toyota that spawned the Vibe/Matrix models In stark contrast to official statements by General Motors reps (and to a story we ran yesterday) the struggling U.S. automaker does indeed want out of the joint project with Toyota that saw the...
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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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Only yesterday it seemed as though Italian car maker Fiat was likely to purchase GM’s European Opel brand, but now a new player has emerged. Magna International, the Austrian-Canadian parts supplier to OEMs like Chrysler, Ford and Mercedes has “announced” plans to purchase a controlling share in Opel. The news didn’t come from Magna, however,...
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With news today that the Pontiac brand will in fact be eliminated, General Motors is eager to get working with Toyota to build a new shared platform to replace the Vibe. The Vibe is to GM what the Matrix is to Toyota, and both models come from an evenly shared joint venture known as New United...
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As we reported last week, General Motors has indeed made the decision to kill the Pontiac brand. The news comes as a part of a new viability plan (yes… another one) submitted to the federal government today. The new plan will see Pontiac eliminated by the end of 2010, but that’s not all… not by...
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As the saying goes, “It’s all over but the crying.” Edmunds is reporting that its source inside General Motors has let slip that the Pontiac brand will officially be eliminated. The announcement is expected to be made next Monday as a part of a more thorough reorganization of the struggling automaker. General Motors PR rep...
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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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It’s a well-known fact that the Buick is a dominant force (and growing) in the Chinese marketplace, so it’s no surprise that the traditionally traditional brand used the Shanghai Auto Show to debut an important new concept. The real surprise is that this crossover is anything but traditional. The Buick Business MPV (Multi Purpose Vehicle)...
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When General Motor’s first submitted it’s viability plan to the Obama Administration, Saab, Hummer and Saturn were put on notice, while other brands like Pontiac and GMC (as well as Chevy, Buick and Cadillac) were guaranteed to stay on. There are no guarantees in an economy like this, however, and so both Pontiac and GMC...
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A group of investors known as Telesto Ventures has put forward a serious proposal to purchase Saturn from General Motors and turn it into a network of retailers selling vehicles from foreign manufactures. The business plan would have the Saturn continue selling GM-sourced products until 2011 at which point the dealer network would act more...
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General Motors used the New York Auto Show to stage the official first showing of its GT1 line of special edition Corvettes. The car wasn’t competing for the spotlight, however, as GM generally ignored the car and instead decided to focus on its new SUVs – like the GMC Terrain and Yukon Denali Hybrid. The...
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General Motors is heading back to the block. No, not the chopping block (not yet)… the auction block. In an effort to trim costs and create a little petty cash, the struggling automaker will send 100 vehicles to the Barrett-Jackson auction in Palm Beach, Fla., which starts this Thursday and runs through the weekend. In...
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General motors has just released some new info on the upcoming 2010 Chevy Equinox, with the most surprising item being the price. The all-new model will come in at $1,800 less than the outgoing ’09 model, with a starting price of $23,185, including a $745 destination charge The other important bit of info GM has...
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In a bid to help pump-up auto sales in the month of April, General Motors has just announced a new list of incentives. Called “GM total Protection” the package includes some added GM bonuses as well as a few new items aimed at protecting the buyer. Two two major incentives are what GM calls Payment...
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Current Commodore-based Lumina SS as sold in the Middle East and Africa Even if General Motors survives its current financial woes, it has a serious problem on its hands regarding future products. Take the Chevy Impala for instance. Sure it’s not very exciting, nor is it much to look at, but its a top seller...
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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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According to the reliable folks over at GMInsideNews, on Monday the Obama Administration will announce a bankruptcy deadline for both General Motors and Chrysler. It has been rumored that the government will release more details about its aid for the U.S. auto industry on Monday, but now it appears the announcement will include this strong-arm...
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The highly anticipated Chevrolet Orlando is apparently not one of the top priorities at General Motors – despite the increasing popularity of similar crossovers (like the Ford Flex and Toyota Venza) in the marketplace. According to Automotive News, the Orlando is no longer scheduled to go into production later this year. Local UAW rep George...
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