Blogs Posts on "General Motors"

GM will start paying back loans next month by George S May Blog on Nov 16, 2009General Motors will announce later today its plans to begin repayment of their $6.7 billion dollar loan from the government. Starting next month, they will pay $1 billion each quarter until the full sum is paid. The Washington Post made a good point...

Three Video: 2011 Buick Regal Preview by Car Modification on Nov 13, 2009The new Regal is based on the Opel Insignia, Europe’s “Car of the Year” in 2009, which bodes well for its dynamic performance. In addition to its general vehicle architecture, the Regal also shares many of the Insignia’s Euro-flavored design...

Koenisegg shutting down 38% of Saab dealerships by George S May Blog on Nov 13, 2009As reported by Automotive News, 81 of Saab’s 218 dealers got letters yesterday informing them that they had not been selected to continue as a dealer after Koenisegg takes over. Allegedly, the Swedish car maker (Koenisegg) had selected only c...

GM Europe — Nick Reilly in, Carl-Peter Forster OUT! by George S May Blog on Nov 10, 2009As expected, Carl-Peter Forster of General Motors, will be stepping down from his position of CEO of GM Europe. His replacement, Nick Reilly, will assume the responsibilities for the operation of Vauxhall and Opel Europe. But, GM made it fairly evide...

It's Official: The Bailout of GM Was a Bad Idea by your daily rant on Nov 9, 2009The Government Accounting Office released a study last week that officially stated what many have known for months: The $50 million given to General Motors to get the company back on its feet may as well have been flushed down the toilet. Since GM...

Will General Motors Bring Chinease Cars To India? by Burn Your Fuel on Nov 7, 2009GM is currently in talks with its Chinese partners (Shanghai Automotive Industry Corp (SAIC) and Wuling)on a proposal to bring their vehicles to India. “Now we know what can work in India and what cannot,” Karl Slym, the president of Gen...

Q&A: GM Chairman Fritz Henderson by The Detroit Bureau on Nov 5, 2009General Motors CEO Fritz Henderson says he has a "fervent desire" to prove skeptics wrong and pay back the government bailout. In a long and wide-reaching interview, the GM boss discusses the automaker's unexpectedly strong performance, in October,...

GM jumps ship on Opel deal — German government not happy, to say the least by George S May Blog on Nov 4, 2009For the past few months, General Motors has been in negotiations with supplier Magna and its partner Sberbank over plans to sell its Opel unit. Surprisingly, news came yesterday that General Motors, after all the time spent working out the sale, will...

GM planning to cut 10,000 jobs at Opel by Global Crisis News on Nov 4, 2009After the surprise announcement that it would retain control of its European division Opel, General Motors today said that 10,000 are planned to be cut at the unit. The US car company wishes to cut costs at its European unit by 30 percent. The compa...

Flex Fuel Cars Are Not So Clean by Carshowkit on Oct 31, 2009Image via Wikipedia After the meeting between President George Bush and the CEOs of the Big Three, the general public commended the dedication of the parties to make the United States’ energy quite dependent. While there are flex fuel cars in pr...