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.
Continue reading...Thursday, June 11, 2009
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.
Continue reading...Monday, June 1, 2009
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.
Continue reading...Monday, June 1, 2009
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.
Continue reading...Monday, June 1, 2009
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.
Continue reading...Monday, June 1, 2009
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.
Continue reading...Thursday, May 7, 2009
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"
Continue reading...Tuesday, March 31, 2009
Just in: General Motors is launching "GM Total Confidence" to complete head to head with Ford and Hyundai assurance plans.
Continue reading...Thursday, March 12, 2009
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.
Continue reading...Thursday, February 19, 2009
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"
Continue reading...
Friday, July 10, 2009
0 Comments