Economy | autoinsane

The “new” GM launches today

Friday, July 10, 2009

The new General Motors Company began operations today with a new corporate structure, a stronger balance sheet, and a renewed commitment to make the customer the center of everything the new GM does.

Fiat/Chrysler deal clears hurdles

Thursday, June 11, 2009

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Chrysler Group LLC and Fiat Group announced today that they have finalized their previously announced global strategic alliance, forming a "new" Chrysler that has the resources, technology and worldwide distribution network required to compete effectively on a global scale. The new Chrysler will begin operations immediately.

GM will discontinue medium-duty Chevrolet Kodiak and GMC Topkick

Monday, June 8, 2009

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GM will discontinue medium-duty Chevrolet Kodiak and GMC Topkick

General Motors announced today that will will cease production of its medium-duty truck operations as of July 31st, 2009. After trying to find a buyer for the business and Kodiak/Topkick models- the company has decided to just call it quits.

Full list of GM plant closures – 14 facilities affected – Michigan/Ohio bear brunt

Monday, June 1, 2009

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Full list of GM plant closures – 14 facilities affected – Michigan/Ohio bear brunt

General Motors Corp. (NYSE: GM) today announced details of its accelerated manufacturing plan to improve capacity utilization and flexibility for the New GM. GM also reaffirmed it will build a small car at one of its U.S. assembly plants on standby capacity status.

Uncertainty becomes reality as GM officially files for bankruptcy

Monday, June 1, 2009

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General Motors, often thought of as the cornerstone of US economy and pride of the free market, filed for bankruptcy protection this morning at 8am in New York City.

Watch the General Motors bankruptcy press conference live at 12:15pm

Monday, June 1, 2009

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Today at 12:15pm General Motor's President Fritz Henderson will be holding a press conference to announce that the century-old automaker will file for US Government backed bankruptcy protection. We have the live stream for you to watch.

Chrysler runs new national print ad – We’re building a new car company

Thursday, May 7, 2009

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Amidst bankruptcy proceedings, Chrysler purchased ad space nationwide over the past weekend to let the American consumer know- "We're building a new car company"

GM Q1 revenue drops 47% while company hemorrhages market share/cash

Thursday, May 7, 2009

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General Motors released 2009 quarter one financial results this morning and despite being better than analysts expected- the downward slide continues. The company is reporting a quarterly loss of $6-billion amid sliding market share and a revenue stream that is only running at a trickle.

Quick Road Test: Toyota Yaris S

Wednesday, April 1, 2009

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Small, light, and fuel sipping. Toyota's Yaris is a mini car for the masses and we spent a few days in one to find out exactly what one is like to drive and own. Here's our thoughts and some photos.