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...
GM's Lutz to Perform in A.R. Gurney's "Ancestral Voices"
26 Mar 2009, 11:56 UTC · By: Bogdan Popa / Repairing the company's image and proving Americans that you're indeed working for them just like you said in the past is extremely important nowadays, especially for economic recession-hi...
GM, Chrysler to Receive More Aid
26 Mar 2009, 10:42 UTC · By: Daniel Patrascu / Things are looking good for the two American manufacturers, as the March 31st deadline draws ever closer. Both GM and Chrysler are likely to get a green light to receive supplemental aid, as Obama a...
Audi and Toyota, the New Yankees Sponsors
25 Mar 2009, 13:05 UTC · By: Daniel Patrascu / Audi and Toyota will become the official automotive sponsors for the New York Yankees, replacing GM, which will step back as part of their cost cut measures taken by the company to overcome the econ...
GM Job Cuts Begin, 47,000 to Be Laid Off
25 Mar 2009, 08:02 UTC · By: Daniel Patrascu / GM began yesterday its feared job cutback program, aimed at scaling back its workforce in an attempt to get back on track, as agreed with the US government. The manufacturer told yesterday morning s...
Germany Still Not Planning to Take a Stake in Opel
23 Mar 2009, 12:13 UTC · By: Bogdan Popa / Even if Opel every once in a while warns that the brand may bite the dust unless it gets financial support, Germany is still not willing to buy a stake into the company, Chancellor Angela Merkel sai...
Dying Saturn Campaign: "We're Still Here"
20 Mar 2009, 16:03 UTC · By: Madalina Iancu / Although GM is currently struggling to survive, Saturn, a Detroit-based automaker's division felt the need to reassure customers that they are not dead yet through an advertising campaign ...
Ford Would Not Be Happy if GM Went Bankrupt in Europe
20 Mar 2009, 15:51 UTC · By: Bogdan Popa / Ford of Europe fully supports the European division of General Motors to get the requested funds and survive the economic downturn, CEO John Fleming told Automotive News Europe. Basically, Fleming s...
Former GM Worker Writes Ballad "Didn't Quit My Day Job, It Quit Me"
19 Mar 2009, 13:57 UTC · By: Madalina Iancu / The ballad "Didn't Quit My Day Job, It Quit Me" by Greg W. Miles could soon become an anthem for all auto workers who lost their jobs due to the financial crisis. Seeing how the gl...
GM's Rick Wagoner Wants Higher Fuel Prices
19 Mar 2009, 11:53 UTC · By: Alex Oagana / In a flip-flop twist worthy of a Wile E. Coyote and Road Runner ending, Rick Wagoner is suddenly in favor of a major increase in gasoline prices. The General Motors big kahuna said that increasing t...