Showing posts with label gm. Show all posts
Showing posts with label gm. Show all posts

GM Adding 1,200 Autoworkers at Ohio Plant

General Motors Corp. said Tuesday it is bringing 1,200 autoworkers back to work this summer to start producing the Chevrolet Cruze compact car at a factory in northeast Ohio.

GM's Opel to Shut Plant, Slash Europe Jobs

General Motors has announced it will close the Opel plant in Antwerp, Belgium. Opel's president said Thursday the shutdown is part of a company plan to shed 8,300 jobs in Europe.

2010 Dakar Rally, Arizona Speed Camera, A new GM CEO?

The 2010 Dakar Rally is under way, Arizona may be shutting down its speed camera program, a new CEO for GM from a big software company, and some car porn from Dakar. 


Saab and Spyker at it again, 2011 Ford Mustang Coyote

GM has re-offered Spyker the deal to buy Saab, but only has a short window of time to make it happen. Ford lets some news slide via Facebook, Twitter, or some social networking site, according to Inside Line. Also, a wrecked Audi R8, impaled by a guard rail. 


Saab is done, Honda NSX Rumors, Audi A8 Google Maps

Saab is no more -- GM has announced that they will be closing down the brand by the end of the year after being unable to sell it off. In positive news, Honda has some rumors regarding the NSX and the Audi A8 will be getting some Google Maps integration in a very cool way. 


End of the Road: GM to Discontinue Saab

General Motors will shut down Saab after talks to sell the brand to a Dutch carmaker collapsed, marking the third time this year that a deal by GM to sell an unwanted brand has fallen through.

Future of GM Depends on Dramatic Change

The abrupt resignation of Fritz Henderson as General Motors' CEO indicates that the road ahead for the company will be difficult to navigate. 


GM CEO Fritz Henderson Resigns, Audi A8 Unveiling

We've arrived in L.A. and are pumped for the L.A. Auto Show. We'll be bringing you coverage for the next two days from the floor of the show. In today's news, GM CEO Fritz Henderson Resigns, we check out the Audi A8 unveiling and give JF a camera. Also, some news on the 2011 Ford Fiesta a bit before its reveal at the show, and Italian Police wreck their Lamborghini Gallardo, shame on them. While we're here in L.A. we take a look at Mulholland Drive. That's all today, from the land of the lost, or something like that. 


GM CEO Henderson Resigns

General Motors' CEO Frederick "Fritz" Henderson has resigned after eight turbulent months as head of the largest U.S. automaker. 


Australia Skelta, GM Europe, 2011 BMW M5 Rumors

Australia's Skelta is unleashed on the public and babies everywhere are crying. Also, GM Europe gets some American infusion with our good pal Bob Lutz. In the internet rumor mill, there's some BMW news that may be reaching the ring soon. And because it's Monday, we have some car porn, this time it's with the BMW M3 GTS.


GM's Opel Move Raises Anger, New Uncertainty

General Motors decision to scrap the sale of Opel raises new uncertainty over the unit's future, astonishing politicians in Germany and Russia, and prompting workers to plan walkouts in protest.

Europe Shocked GM to Keep Opel

General Motors' decision to keep its Opel and Vauxhaul subsidiaries has shocked Europe. Politicians are astonished and concerned and want more information. Many autoworkers are angry. 


GM Wraps up Saturn, Ford Engine Rumors

After GM's deal with Penske Automotive went sour, Saturn is now closing down for good. Fernando Alonso joins Ferrari for the 2010 F1 Season, and Ford has some engine rumors floating about. Plus the Porsche Panamera gets a body kit by Lumma Design, and our motorsports news brief Shakedown with Leo Parente. 


Jaguar XJ, GM could be 'Going Green'

Jaguar's XJ is getting an update, GM could be changing it's logo and "going green," BMW may be pushing out one of its young, and Shakedown with Leo Parente "The Suit".

Saturn Sale, BMW X1, VW Bluesport, Ferrari Guy

BMW teases a new small SUV, again, the VW bluesport roadster may be back in the pipeline, and who is this guy and what has he done with that Ferrari 360. All that plus commenter of the week and FLDetours.

GM Sells Hummer, US Air Force Customs

GM sells Hummer to a Chinese industrial giant, the US Air Force uses custom cars for recruiting, and we've got new info on the next flagship from Lamborghini. FLD "auto-sales analyst" Bob Schubin Junior reveals how GM’s bankruptcy could affect your car-buying plans.

GM Bankrupt, Chrysler Bankrupt, Garlic Bread Viper

Whos the new owner of GM? You are! Also, a judge gives OK to Chrysler bankruptcy plan, a Michigan entrepreneur known for garlic bread makes a bid for the Dodge Viper brand and assembly plant, and Ford hooks SYNC system to smartphones.

GM Bondholders Revolt, No Smiling at DMV

GM bondholders reject an offer, pushing the company closer to bankrupcy. Four states ban smiling in drivers' license photos, a new Lotus supercar may get a Japanese V10 and we look at some of the new technologies driving the auto industry of the future.

Magna to Buy GM Brands, BMW 5-Series GT, NJ Cops

BMW launches a new hatchback, kind of, and one motorists group calls out the cops. All that, plus Commenter of the Week and FLDetours.

GM Statement Regarding Dealer Network Communications

GM Statement Regarding Dealer Network Communications


In conjunction with conversations General Motors started with its U.S. dealers today, GM issued the following statement


As noted in our recent S-4 filing and updated Viability Plan, General Motors plans to reduce its dealer network from 5,969 stores today to approximately 3,600 by the end of 2010.

This process starts today, as GM begins contacting dealers regarding its long term planning. Approximately 1,100 underperforming and very small sales volume U.S. dealers will be advised that GM does not see them as part of its dealer network on a long-term basis. In most cases, existing franchise agreements run through October of 2010.

In addition, we will be updating about 470 Saturn, HUMMER and Saab dealers on the status of those brands and we will be discussing how the remaining dealers will support our retail plans going forward. While additional cuts will be made, we believe the vast majority, over 90 percent, of the remaining dealers will be offered a chance to remain with GM. However, specific dealer issues, further attrition and additional possible dealer network actions are expected to bring the number of future GM dealers to around 3,600 by the end of 2010, as described in the Plan. The actual number could vary given levels of attrition, etc. outside of GM’s control.

“We have said from the beginning that our dealers are not a problem but an asset for General Motors,” said Mark LaNeve, GM Vice President of Sales Service and Marketing. “However it is imperative that a healthy, viable GM have a healthy, viable dealer body that can not only survive but prosper during cyclical downturns. It is obvious that almost all parts of GM, including the dealer body, must get smaller and more efficient.”

“In response, we are letting them know about our long term plans. GM’s viability plan calls for fewer, stronger brands as well as fewer, stronger dealers. We have taken a very difficult step by identifying those dealerships we’d like to keep in the GM dealer network and those with whom we will have to wind down our business relationships,” LaNeve said.

As independently owned businesses, dealer owners will make their own decisions if and when they want to make this information public. GM is not releasing the names of any dealers.

“We are not terminating any dealerships today,” LaNeve clarified, “We will be talking to all of our dealers over the next few weeks, letting them know now in the spirit of open communication, so they are advised well in advance, about our long-term plans and their role in them. Long term, GM should have fewer, healthier dealers, maintaining GM’s current high customer satisfaction ratings, with more sales per outlet.”

CONTACT(S):
Pete Ternes
313-665-1179

Susan Garontakos
313-667-2702

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