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Automotive

General Motors (GM) Files for Chapter 11 Bankruptcy

General Motors (GM) Files for Chapter 11 Bankruptcy

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 We all knew this was coming as it was only a matter of time unfortunately. General Motors or GM, has filed for bankruptcy today. The chapter 11 filing comes about  Full Article »

Automotive

GM Being Prepped for Bankruptcy Next Week

GM Being Prepped for Bankruptcy Next Week

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So you may think the government is going to run GM and Chrysler… you may be right. The Obama administration is preparing to send GM into bankruptcy as soon as  Full Article »

Automotive

General Motors Rolling Out Termination Plan for 1,124 Dealerships
May 15, 2009 ΞComments Off on General Motors Rolling Out Termination Plan for 1,124 Dealerships

General Motors Rolling Out Termination Plan for 1,124 Dealerships

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General Motors has recently told about 1,124 dealerships, which are mostly poor performers, that their GM franchise agreements won’t likely be extended past October 2010.

Automotive

Sell-Off of Saturn Brand Accelerated by GM
Apr 29, 2009 ΞComments Off on Sell-Off of Saturn Brand Accelerated by GM

Sell-Off of Saturn Brand Accelerated by GM

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General Motors Corp.’s Saturn brand will be either sold off or phased out by the end of this year. Earlier announcements said that it would have been at least 2  Full Article »

Automotive

GM Prepping to Announce Closure of Pontiac

GM Prepping to Announce Closure of Pontiac

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Okay, the economic situation was already pretty serious. Now it is really hitting big companies like General Motors, very hard. General Motors is preparing to announce the closure of the  Full Article »

Automotive

GM Plans to Shut-Down Plants For The Summer
Apr 23, 2009 ΞComments Off on GM Plans to Shut-Down Plants For The Summer

GM Plans to Shut-Down Plants For The Summer

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At this point, there is no doubt in my mind; GM will be filing for bankruptcy soon. Confirmed by various sources, GM cannot file until after sometime in June of  Full Article »

Automotive

GM Recalls 1.5 Million Vehicles Due to Oil Leak
Apr 14, 2009 ΞComments Off on GM Recalls 1.5 Million Vehicles Due to Oil Leak

GM Recalls 1.5 Million Vehicles Due to Oil Leak

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GM is recalling about 1.5 million vehicles due to an oil leak that could cause an engine fire. Apparently under hard breaking engine oil could leak past a heat shield  Full Article »

Automotive

GM Bankruptcy Woes: GM Prepping for Bankruptcy and New Offer to Bondholders
Apr 10, 2009 ΞComments Off on GM Bankruptcy Woes: GM Prepping for Bankruptcy and New Offer to Bondholders

GM Bankruptcy Woes: GM Prepping for Bankruptcy and New Offer to Bondholders

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No doubt that the majority agree that GM filing Bankruptcy would not be such a bad thing. Many support the idea that bankruptcy would “force” them into restructuring and emerging  Full Article »

Automotive

Ford Offers Job Loss Protection While GM Offers Sweetened Total Confidence Program

Ford Offers Job Loss Protection While GM Offers Sweetened Total Confidence Program

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Both Ford and GM have announced new programs in hopes of encourage consumers to enter into the car buying market. Within each program both Ford and GM will offer protection  Full Article »

Automotive

Obama Says U.S. Will Guarantee GM, Chrysler Warranties
Mar 30, 2009 ΞComments Off on Obama Says U.S. Will Guarantee GM, Chrysler Warranties

Obama Says U.S. Will Guarantee GM, Chrysler Warranties

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Today is my “what to do in case of Automotive Industry emergency” news day. All of the major news networks are steadily reporting today updates of the Obama administration’s plans  Full Article »

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