Posts Tagged ‘GM’
Not for a lack of trying … GM sells 10,666 Volts, shuts plant down again
I don’t sit down in front of the TV all that often, but it seems like every other commercial, I hear Tim “The Toolman” Taylor [Tim Allen] hocking the Volt. The advertising campaign is not not doing all that well, unless people are going into the showroom to check out the Volt and buying another…
Read MoreGM decides to “invest” in Europe
We learned today that Government Motors has decided to invest $335 million in a fabulously successful European auto maker. Mercedes, Audi, BMW you guess? Guess again.
Read MoreTreasury ups the ante in government losses at GM and Chrysler
According to the Detroit News yesterday, the Treasury Department increased its estimate of government losses in the $85 billion auto bailout by another $170 million.
Read MoreHow many Volts in a Tahoe?
It is now official. Per our friends at the EPA, by the 2025 model year, a car manufacturer’s fleet (i.e., cars and light trucks) must average 54.5 miles per gallon. This is known as the CAFE standard…Corporate Average Fuel Economy. We’ll ignore for the moment that this standard is double our current standard, and focus…
Read MoreThe car of the future
In late July, with much fanfare, the administration, through the National Highway Transportation Safety Administration announced new standards for motor vehicle “fuel efficiency”. Currently, a manufacturer’s vehicle fleet must average 27.5 miles per gallon, and this has been the standard since 1990. However, by 2025, the fleet average must be 54.5 miles per gallon.
Read MoreWho wants gasoline prices to rise?
Admittedly, I’ve given away the answer because of the image to the left of this post, but, let me explain their rationale.
Read MoreCash for Clunkers, Part II — the Son of Clunkers
Apparently, Government Motors needs just a little more help…Yet another astounding attempt at social engineering … or just another lifeline for GM?
Read MoreThe UAW, both foreign and domestic
Bob King, President of the United Auto Workers, has announced a new strategy to increase members. On the “foreign” side he has decided that it is neigh onto time that Americans in this country making Nissans, or Hondas or Mercedes join the union. Never mind that all attempts to unionize these workers in the past have failed…
Read MoreGM’s Whitacre resigns
Today, in a surprise announcement, we learned that General Motors CEO, Edward Whitacre will be leaving that office effective September 1, and resigning as Chairman of the Board effective December 31. While everyone knew that he had no intention of remaining with GM for any extended period of time, most expected that he would at least stay until GM…
Read MoreOdds and ends
Two other articles caught my attention this week, neither of which warranted an entire post, but, both of which need your attention. Odds: GM is now seeking new help from more financial institutions to assist GM in obtaining loans for GM customers who want to purchase cars. About 3 years ago, GM sold control of GMAC, it’s “in…
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