Tag Archive | "Government"

The “new” GM launches today

Friday, July 10, 2009

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The “new” GM launches today

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.

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Fiat/Chrysler deal clears hurdles

Thursday, June 11, 2009

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Fiat/Chrysler deal clears hurdles

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.

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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.

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US/Canadian Governments provide fast track to competitive future for “New GM”

Monday, June 1, 2009

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US/Canadian Governments provide fast track to competitive future for “New GM”

Pending approvals, the New GM is expected to launch in about 60 to 90 days as a separate and independent company from the current GM ("GM"), with two distinct advantages: it will be built from only GM's best brands and operations, and it will be supported by a stronger balance sheet due to a significantly lower debt burden and operating cost structure than before.

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Uncertainty becomes reality as GM officially files for bankruptcy

Monday, June 1, 2009

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Uncertainty becomes reality as GM officially files for bankruptcy

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.

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

Monday, June 1, 2009

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

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.

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

Thursday, May 7, 2009

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

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"

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Confidence is key- GM launches own customer protection plan

Tuesday, March 31, 2009

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Confidence is key- GM launches own customer protection plan

Just in: General Motors is launching "GM Total Confidence" to complete head to head with Ford and Hyundai assurance plans.

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GM financials improving? Will not need $2 billion of previously requested funding

Thursday, March 12, 2009

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GM financials improving? Will not need $2 billion of previously requested funding

General Motors has just announced that they will no longer need the $2 billion in government funding that they had previously requested for March. The good news comes in tangent with the announcement that GM Canada has ratified a competitive agreement with the CAW.

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GM abandons high-performance vehicles and operations

Thursday, February 19, 2009

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GM abandons high-performance vehicles and operations

GM is shuttering its high-performance vehicle development unit and "re-deploying" its highly specialized engineers to other parts of the company. The move comes as the company sets in motion an aggressive plan to keep the company alive. "All high-performance projects are on indefinite hold"

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