Archive for the ‘GM’ Category
Monday, September 29th, 2008
GM wants to make sure they have enough money to continue operations, despite the ongoing credit crisis.
The company announced they've drawn down the rest of a $4.5 billion credit line they established with bankers two years ago.
The collateral for the credit consists of North American accounts receivable and inventory of ...
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Monday, September 29th, 2008
Bill Heard Enterprises, Inc., which is the largest U.S. Chevrolet dealership has sought bankruptcy protection. The company said the move was a result of declining U.S. auto sales, and comes one week after they shut down 14 show rooms and fired 3,200 employees.
This could be the sign of things ...
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Saturday, September 27th, 2008
Anyone who's seen the Michael Moore movie, "Roger and Me", knows that Flint, Michigan and General Motors have had a troubled relationship for decades. But right now, the town is happy that GM is investing $349 million to build an engine plant that will keep 300 residents working.
It's no ...
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Tuesday, September 9th, 2008
GM has issued a recall of nearly 300,000 Chevrolet wagons.
General Motors Corp. is recalling almost 300,000 Chevrolet HHR wagons because of a problem with a storage bin latch. The U.S. National Highway Traffic Safety Administration says the recall would cover 296,422 HHRs built for the 2006-08 model years. In tests, ...
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Sunday, September 7th, 2008
General Motors of Canada LTD has decided to invest $290 million in Ontario. The move will help shore up manufacturing operations in St. Catharines and Oshawa.
GM's investment comes on the eve of a federal election and follows last week's announcement by the Conservative government that it would provide up ...
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Wednesday, April 23rd, 2008
GM hasn't done much in the world of hybrid vehicles, but auto industry analysts think that's about to change. GM has began a drive to produce and sell more hybrids.
In the first quarter of 2008, GM sold a paltry 843 hybrids. This puts GM behind Ford and way behind ...
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Wednesday, April 23rd, 2008
Fuel efficiency is becoming paramount in the minds of almost all consumers. The new Chevy Malibu will sport a six-speed transmission and a four cylinder engine, a combination designed to make cars go farther on less gasoline. The Malibu should be able to compete with the Toyota Camry ...
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Monday, April 21st, 2008
GM remains bullish on China. Currently the North American heavyweight auto maker is the number two producer of cars in China. They plan on gaining more market share, on the strength of new vehicles, such as the hybrid Buick Lacrosse.
"The automaker that gets China right will ...
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Monday, April 14th, 2008
GM has been selling hybrid vehicles at a snail's pace. The company had been hoping that hybrids would move quicker, especially their full-size SUV model.
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Sunday, April 13th, 2008
GM is looking to bolster their growth, so they look to where many companies do these days: China. Volume in China is picking up for American heavyweights. Ford is expected to sell 90,000 vehicles this year and GM is hoping to hit 400,000 units sold.
The Buick Excelle is ...
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