2009 GMC Yukon Denali Hybrid Detailed
6 Apr 2009, 07:53 UTC · By: Daniel Patrascu / The 2009 New York Auto Show will witness yet another world debut of one of GMC's vehicles, this time in the shape of the 2009 Yukon Denali Hybrid. The eight seater full size SUV will be availab...
2010 GMC Terrain Details and Photos Released
6 Apr 2009, 07:17 UTC · By: Daniel Patrascu / As we told you in the past coverages of the GM saga, the company, having been put to the corner by the Obama administration, decided to conduct business "as usual". Following that line of ...
GM: 600 Workers Changed Their Minds on Buyout
5 Apr 2009, 13:21 UTC · By: Daniel Patrascu / The buyout offers made by GM to its UAW workers, even if it seemed to have pleased the workers, was shadowed by the some 600 employees who initially said “yes” to the offers and have now...
Holden Moves to Single Shift
3 Apr 2009, 14:26 UTC · By: Daniel Patrascu / In an effort to preserve jobs, GM Holden will go for a single shift - two crew operation system starting May the 4th at its Elizabeth plant in South Australia. The move is also meant on resizing pro...
Kresa: Splitting GM Might Be a Good Idea
3 Apr 2009, 10:54 UTC · By: Daniel Patrascu / The new GM chairman Kent Kresa thinks that in case of a Chapter 11 filing for his company, splitting the manufacturer into a "good" GM and a "bad" one will allow for a faster, be...
March US Sales Down 36.8 Percent
3 Apr 2009, 09:54 UTC · By: Daniel Patrascu / The third month of the year maintained the trend set in January and February, as sales figures for the US market show a 38.6 percent drop. According to Autonews, the only brand that registered a mil...
Chapter 11 for GM and Chrysler Scare Suppliers
2 Apr 2009, 14:24 UTC · By: Daniel Patrascu / Recent escalating talks about the possibility that the two troubled American manufacturers GM and Chrysler could head for Chapter 11 has a snowball effect that could make things worse than they alre...
General Motors Sales Down 45 Percent in March
2 Apr 2009, 14:03 UTC · By: Bogdan Popa / As if the economic recession and the desperate situation the company currently experiences weren't enough, General Motors is continuously recording very low sales, especially in the United Stat...
Bankruptcy Still Possible, Says GM's New CEO
1 Apr 2009, 21:05 UTC · By: Bogdan Popa / Fritz Henderson, the new General Motors CEO, says bankruptcy is still an option for the American car manufacturer especially if the company cannot meet the government 60-window for restructuring ope...
GM Launches Payment Protection...
1 Apr 2009, 12:23 UTC · By: Daniel Patrascu / ... or "payment protection for the first 24 months of ownership... lose your income and we'll make up to nine payments for up to $500 per month". This is a direct quote from the GM we...
GM Denies Is Requested Vauxhall Support in the UK
1 Apr 2009, 10:30 UTC · By: Bogdan Popa / A recent media report issued by The Financial Times newspaper claimed General Motors requested around 600 million pound ($859 million) from the United Kingdom government to support its Vauxhall unit...
Hummer Still on Hold
31 Mar 2009, 10:23 UTC · By: Daniel Patrascu / A final decision regarding the future of GM's Hummer brand has been postponed for at least "few weeks", as the company is trying to complete a sale, Autonews reported. "Our e...
The Auto Sector Must Make Sacrifices, Says White House Administration
31 Mar 2009, 09:18 UTC · By: Bogdan Popa / Following President's Obama efforts to help the automotive industry and ailing automakers get back on track, White House spokeswoman Nancy Pelosi issued a statement, emphasizing that she fully ...
GM's Restructuring Plan Is...?
31 Mar 2009, 07:24 UTC · By: Daniel Patrascu / ...what? It is the second, or perhaps the third (we lost count), restructuring plan forced upon or put in place by GM, an unwilling participant in the economic turmoil set in motion by the financial...
Rick Wagoner to Get $20M Retirement Pay
31 Mar 2009, 06:45 UTC · By: Daniel Patrascu / As we told you yesterday, Detroit, or the upper management at least, was shook yesterday by the news that Rick Wagoner, General Motors CEO, will no longer hold his position, as the Obama administrat...
Obama Administration Raises Fuel Economy Level to 27.3 mpg
30 Mar 2009, 09:04 UTC · By: Tudor Raiciu / Apart from the already known effects of the pending economic crisis that has savaged the automotive industry, US automakers will have to deal with yet another thorny issue as the Obama administratio...
GM, Chrysler Rescue Plans Come on Monday
29 Mar 2009, 08:14 UTC · By: Daniel Patrascu / The White House confirmed president Barack Obama's announcement regarding the measures the administration will take to help GM and Chrysler on Monday, Autonews reported. A White House spokes...
Obama: The Automotive Industry Must Be Preserved
27 Mar 2009, 13:12 UTC · By: Daniel Patrascu / President Barack Obama has announced that his administration will present the new aid package for GM and Chrysler over the following days, but warned that the two manufacturers will have to make &qu...
Citigroup to Manage the $5 Billion Auto Suppliers Aid
27 Mar 2009, 11:55 UTC · By: Daniel Patrascu / As we already told you, the US government approved at the end of last week a $5 billion aid package to support the struggling auto suppliers. Rumors surfaced claiming the one who will take charge of...
Nearly 7,500 Employees Agree to Voluntarily Leave General Motors
27 Mar 2009, 08:05 UTC · By: Bogdan Popa / Following this week's announcement that General Motors will debut a job cutting schedule to reduce workforce and get back on track, nearly 7,500 employees agreed to voluntarily leave the compan...