All Entries Tagged With: "General Motors"
G.M. Agrees to Sell Opel to Magna, With Strings
BERLIN — General Motors told the German government Thursday that it had decided to sell a majority stake in its unprofitable European operations as agreed last spring — on condition that the government and labor unions pledged to help with the “necessary” restructuring. Chancellor Angela Merkel of Germany, who is up for re-election in less [...]
Ford posts best June sales performance in down market
In a month of sandbagged auto sales, Ford was the clear winner. The Blue Oval posted a sales decline of “just” 10.7 percent in June, in a market that fell nearly 27.7 percent. It was by far the best showing of any major carmaker, helped by strong sales of its Fusion sedan and Escape crossover. [...]
Subaru Legacy sedan grows bigger, roomier for 2010
A car for every purse and purpose was once a famous mantra of General Motors, and on a much smaller scale, Subaru is adopting that principle with its redesign of the 2010 Legacy. The sedan is bigger, roomier, has an updated engine lineup and looks a bit sharper than its predecessor. And it’s got a [...]
GM to reduce support for Cup teams
General Motors is set to cut back financial support for its main teams competing in the NASCAR Sprint Cup after filing for bankruptcy protection earlier this month. Less than a week since cuts were announced for its Nationwide and Truck Series teams, the automaker has now taken a similar step with the outfits it supports [...]
Toyota F1 Team Sells Parts Online
Forget about a boring baseball cap, a tacky polo shirt or a chintzy key ring. There are better ways to show your affection for Toyota’s Formula One team. For example, consider the purchase of a rear wing from one of Toyota F1’s racecars. Or perhaps a genuine front-nose piece. Both are available at Toyota F1’s [...]
Bargain Hunting on General Motors and Chrysler Lots
Because of the Chrysler and General Motors bankruptcies, people looking for car bargains might find a few treasures. But they have to be prepared to act quickly and forgo considerations like resale value and vehicle reliability, and also ignore the uncertainties around warranty repairs and the availability of spare parts. Feeling lucky? A good place [...]
GM says May U.S. sales best so far in 2009
DETROIT (Reuters) – General Motors Corp on Tuesday reported U.S. sales for May. Highlights: * says U.S. sales are down 29.6 percent in May. * says U.S. May sales total 191,875 vehicles * says U.S. May sales best monthly performance so far in 2009 * reports total truck sales (including crossovers) of 110,866, down 22 [...]
GM has Hummer deal, declines to name buyer
DETROIT (Reuters) – General Motors Corp said it reached a tentative deal to sell its Hummer brand, part of an effort to drop four unprofitable vehicle lines and leave bankruptcy as a leaner company. GM, a day after filing for bankruptcy, said in a statement on Tuesday that it was not disclosing the identity of [...]
GM Files for Bankruptcy
GM’s Chapter 11 filing caps a decades-long slide, but it should emerge relatively quickly from court with lower labor and debt costs A once proud and dominant General Motors, which at its peak controlled half the American auto market, filed for bankruptcy court protection on June 1 in an historic act that will see federal [...]
How Rick Wagoner Lost GM
GM’s ex-CEO threw out the good-governance structure in place when he took over, then made bad decision after bad decision, backed by his rubber-stamp board General Motors’ legendary management system and industrial might were once revered by management scholars and business historians; the thought of bankruptcy would have been beyond improbable and indeed laughable. Yet [...]
How Rick Wagoner Lost GM
All-new Citroen C3 gets classier
2011 Ford Mondeo gets to improved.