April 2009
GM Probably Needs $4.6 Billion more government aid 'soon'
GM CEO Fritz Henderson on Friday called reports that the automaker is considering shedding more brands, such as Pontiac and GMC, “speculation” at this point. General Motors will need five billion dollars in additional government aid “...
Bidder for General Motors Saturn steps forward, promises to keep the brand alive!
A Oklahoma City consortium led by Telesto Ventures, made up of private equity firm Black Oak Partners and a number of Saturn dealers, has approached General Motors (GM) about purchasing the brand assets and dealership network of its struggling Saturn b...
Yet Again!!!! GM has another Recall. This time 1.5 Million Cars
Beleaguered General Motors will issue a recall in May for 1,497,516 vehicles from the late-1990 and early-2000 model years. The recall has to do with models equipped with a 3.8-liter naturally aspirated V-6 engine. The recall followed GM’s report...
Treasury Tells GM To Prepare For "surgical" Bankruptcy
The US government Treasury Department told struggling carmaker General Motors, operating under emergency US government loans, to ready itself for a possible bankruptcy filing by June 1. Members of President Barack Obama’s automotive task force ha...
March 2009
General Motors launches "Total Confidence" program (customer protection plan) to encourage buyers
General Motors launches “Total Confidence” program (customer protection plan). Or is it just to encourage buyers! The market is so excited about the GM plan in which they get to use taxpayer money to cover their payments if they lose their ...
American Axle & Manufacturing Holdings Inc's Future, what about others?
American Axle & Manufacturing Holdings Inc said in a regulatory filing today that it may violate the terms of its loan agreements as the future of its primary customers are still in question. General Motors Corp. and Chrysler LLC are American Axle...
February 2009
GM and Delphi talks; GM May Take Back Part of Delphi!
General Motors Corp is in talks to take back large portions of Delphi Corp , the parts supplier spun off by the auto maker a decade ago, the Wall Street Journal said, citing people involved in the negotiations. - General Motors Corp is in talks to take...
January 2009
Why Ford and GM wants to sell Volvo and Saab brands?
In my entire life I’ve never known a person who bought or drove a Saab. Scratch that, there was a dude in 1986 who had a 900 convertible. Saab has nothing of value for anyone, including GM. They need to close it already and be done with it. Saab&...
December 2008
Why Rick Wagoner GM CEO is worst among all?
My heart goes out to all the workers who will be impacted by this. But I’ve got a lump of goal for management’s stocking. HQ dropped the ball big time and they, not the worker, should suffer the consequence. This brings back the image of th...
November 2008
Osamu Suzuki still believe Suzuki and GM will work together in future!
GM, which once owned 20 percent of Suzuki, sold the last 3 percent back to the Japanese carmaker last week as it scraped around for cash to avoid a bankruptcy filing. Suzuki Motor Corp. Chairman and Chief Executive Osamu Suzuki said Wednesday that the ...
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