This is what some rumors have been cropping up with in relation with the American company’s marketing issues. The decision seems to fall on the shoulders of the new marketing chief Joel Ewanick of parent company, General Motors.
It took a while but it finally happened, the Chevrolet Corvette has been legally christened as Official State Sports Car of the state of Kentucky. It may seem like something a bit over the top for the majority of readers but then again some sort of heritage is great no matter how you look at
Despite GM’s issues with obtaining a loan from the German government, and in fact their decision to quit asking and go in alone after they were clearly rejected, Opel has an interesting announcement to make. Opel has announced that the Junior, their city car is still well under development and will be unaffected by the
Volkswagen USA has just announced that they will be recalling almost 16.000 Routan minivans over a possible fire hazard discovered. The current recall is the fourth to be made this month after General Motors, BMW and Chrysler issued recalls on certain models for problems that could lead to a fire.
The official stamp has gone on this much discussed, rumored and speculated issue of the fate of GM’s Northstar V8 engine. That stamp reads “terminated!”, well, not quite, but it’s almost there as when this summer is gone so will the engine.
According to some reports from a couple of top Republicans GM executives have been destroying documents and other records which may shed light on corporate decisions that have spurred investigations into the company by a House oversight committee. These accusations are signed by U.S. Republican Darrell Issa, California, and U.S. Republican Jim Jordan, Ohio and
The plans General Motors had installed for their dealer network have been slightly altered but are still headed for downsizing and, with this in mind, 900 GM dealerships have received a stay of execution from the company. According to Mark Reuss, GM North America President the schedule at the moment calls for approximately 5000 dealers
Pending a situation of uncertainty and a delay of a session destined to reach a decision, Opel finally got an answer from the German government and it will be not receiving any state aid. Yesterday, GM’s request for aid from the federal government in order to keep its Opel unit going clashed with representatives and
Numerous General Motors cars and trucks sold globally will be recalled by GM due to a problem with the wind shield wiper fluid heating system. While the recall concerns a total of 1.53 million Buick, Hummer, Cadillac, Chevrolet, GMC and Saturn models, most of them have been sold in the U.S. with an estimated 1.36
The German rescue fund’s four-person steering committee is expected to meet on June 7th to discuss whether to approve General Motors’s request for 1.1 billion euros ($1.3 billion) in federal and regional assistance for its European unit, Opel. Instead of meeting last Friday, the meeting was postponed for tomorrow despite a long line of delays
Jonathan Browning has been named global head of Volkswagen AG’s 10-brand national sales companies after formerly being GM global sales boss. The announcement was made Friday by VW Group sales and marketing chief Christian Klingler.
As announced yesterday, GM will soon have a bank’s support in their attempt at getting the public listing they have been seeking for quite some time. The announcement of a choice being made came even sooner then expected as today the U.S. Treasury made public the name of the bank chosen for the task at
According to some “inside sources” General Motors and the US Treasury are expected to already have chosen a lead bank for the carmaker’s initial public offering as early as this following week. Since GM’s Ed Whitacre is eagerly expecting public listing, the report claims that GM, which is majority-owned by the US government, would have
The German Government has yet to produce a final decision on the plan of helping Opel’s situation and this is creating quite a bit of tension as thousands of jobs at the GM unit remain attached to an uncertainty of the future. Opel has been loosing money for quite some time and is seeking Government
The sad day has ended, General Motor’s Hummer brand has finally closed up shop and turned off the lights for the last time. You may recall that GM actually closed down the plant before but resumed activities in order to complete a special order of 849 Hummer H3’s.
Transonic Combustion is a fuel-injection systems startup company that has announced today that Bob Lutz has joined the company’s board of directors. Bob Lutz recently retired from his nine year position as vice chairman of General Motors and, according to Transonic Combustion’s spokesman, will be bringing the company’s leadership the experience of a career in
Chrysler, one of the two companies that make up Detroit’s Big Three who took the bailout money is not in the same rush GM is to get results. While GM’s CEO Ed Whitacre Jr. is in the center spot of public attention due to his plan to obtain a possible IPO by the end of
The 2004 Chevrolet Corvette is undergoing investigation from the NHTSA after there have been several complaints in relation to the fuel tanks of these vehicles. The National Highway Traffic Safety Administration said that it has opened the investigation into 33,000 of these 2004 Chevrolet Corvettes over leaky fuel tank problems.
We all know that the news from Detroit’s Big Three don’t always come in to put a smile on everyone’s face and Chrysler is the one that has been seeing less of the good type lately. However, a recent announcement from the U.S. Government may be proof that the hope Sergio Marchionne has been talking
General Motors have announced today that the first quarter of 2010 has been the place for another achievement on behalf of the company as they returned to profitability and registered revenue of $31.5 billion and operating income of $1.2 billion. The registered net income attributable to common stockholders was $0.9 billion which means earnings per
