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Climate Right for Supreme Clean
WIRED
General Motors is reportedly working on a plug-in hybrid that could be on sale by the end of 2007. Plus: DaimlerChrylser will finally bring the tiny Smart Car to the United States. In Autopia.
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GM says overall auto sales weaker than projected
YAHOO
Reuters - General Motors Corp. on Tuesday
said that overall 2006 U.S. auto sales were likely to come in
below the 2005 total because of higher interest rates and
gasoline prices.
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Some 47,000 GM And Delphi Corp. Workers Accept Buyout Offers
AHN
About 47,000 workers at General Motors Corp. and Delphi Corp accept buyouts or early retirement offers. Some 35,000 hourly employees for GM will leave, primarily through early retirement. Chairman and CEO Rick Wagoner says he is surprised by the numbers. He adds the large number of people who...
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GM says 35,000 workers accept buyouts
YAHOO
Reuters - General Motors Corp. said on
Monday that 35,000 workers have accepted buyout and early
retirement offers, exceeding most analysts' expectations and
putting the automaker two years ahead of schedule on planned
job cuts.
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GM: 35,000 hourly workers take buyouts
YAHOO
AP - About 35,000 hourly workers at General Motors Corp. have taken buyout or early retirement offers, surpassing the company's expectations as it tries to cut costs by paring its hourly work force, GM Chairman and CEO Rick Wagoner said Monday.
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GM names new ad agency for Cadillac brand
YAHOO
Reuters - General Motors Corp. on Monday named a
new advertising agency to market Cadillac, the first such
shake-up for the luxury brand in over 70 years by the No. 1
automaker as it looks to reverse a costly loss in market share.
Sources: YAHOO
GM Car to Plug In Next Year?
WIRED
General Motors is reportedly working on a plug-in hybrid that could be on sale by the end of 2007. Plus: The 2007 Toyota Camry Hybrid looks like a winner and could become the most popular of the breed. In Autopia .
Sources: WIRED
40,000 Workers Sign Up For GM And Delphi Buyout Packages
AHN
A United Auto Workers official stated on Friday that about 40,000 hourly workers have accepted buyout offers and early retirement packages from General Motors Corp. and Delphi Corp. According to an AP report, about 30,000 GM employees had accepted the offers while another 10,000 Delphi employees...
Sources: AHN
Thousands accept GM buyouts
CNN
The United Auto Workers union says about 37,000 hourly workers have accepted buyout offers by General Motors Corp. and Delphi Corp., the auto parts maker operating in bankruptcy, a newspaper reported Friday.
Sources: CNN
About 37,000 workers accept GM, Delphi buyouts: report
YAHOO
Reuters - About 37,000 hourly workers have
accepted buyout offers by General Motors Corp. and
Delphi Corp. , potentially giving the automaker
greater cuts than expected, a newspaper said on Friday.
Sources: YAHOO
General Motors purchasing chief sees good Q2
YAHOO
Reuters - General Motors had a good second
quarter, its head of purchasing said on Thursday, adding that
the carmaker's procurement bill should fall this year even
though it expects raw material prices to stay high.
Sources: YAHOO
GM sees 2006 Chinese sales growth above 20 percent
YAHOO
Reuters - General Motors expects to beat its
vehicle sales growth forecast for China this year thanks to the
strong market, Kevin Wale, president and managing director of
GM China Group, told reporters on Wednesday.
Sources: YAHOO
GM's ratings cut deeper into junk territory
YAHOO
Reuters - General Motors Corp. on Tuesday
had its debt rating slashed deeper into junk territory by two
major rating agencies after the automaker said it was offering
banks collateral to renew a credit facility.
Sources: YAHOO
Delphi reaches deal to offer buyouts
YAHOO
AP - Delphi Corp. has reached an agreement with its second-largest union and General Motors Corp. to offer buyouts to hourly workers that is similar to an earlier deal with the United Auto Workers union.
Sources: YAHOO
Time running out for GM Portugal plant
YAHOO
Reuters - A General Motors assembly
plant in Portugal teetered on the brink of closure on Wednesday
as the U.S. carmaker held 11th-hour rescue talks that labor
leaders have dismissed as mere lip service.
Sources: YAHOO
GM sees first Russian-built SUVs
YAHOO
Reuters - General Motors Corp.
will make 25,000 cars a year from 2008 at a new factory
it will build in St Petersburg as it targets Russia's booming
car market, a senior executive said on Tuesday.
Sources: YAHOO
GM Europe staff to protest over Portuguese plant
YAHOO
Reuters - General Motors staff in Europe
will go on strike in a Portuguese assembly plant on Tuesday and
stage protests elsewhere after talks to save the Azambuja
factory failed, the carmaker's European works council said on
Monday.
Sources: YAHOO
Stock futures up after losses last week
YAHOO
AP - U.S. stock market futures tilted upward Monday to start a busy week of interest-rate speculation, with General Motors seen advancing after auto parts supplier Delphi reached a deal with its union and GM over a buyout program.
Sources: YAHOO
Report: Suzuki to stop GM sales in Japan
YAHOO
AP - Suzuki Motor Corp. will dissolve its sales tie-up in Japan with General Motors Corp. and end its joint development operations in the country with the American auto maker, a news report said Sunday.
Sources: YAHOO
GM to break ground on Russian car plant next week
YAHOO
Reuters - General Motors Corp will formally
launch work next week on its first fully-owned car plant in the
fast-growing Russian market.
Sources: YAHOO
GM's Wagoner says Japanese yen artificially weak
YAHOO
AFP - The chairman and chief executive officer of General Motors Corp., Rick Wagoner, accused the Japanese government of artificially weakening its currency to blunt competition from US auto-makers.
Sources: YAHOO
GM sees tough market amid rising commodity cost
YAHOO
Reuters - General Motors Corp.
faces a tough market, and rising commodity costs will
make it "very difficult" for the world's largest car maker to
meet a $1 billion cost savings target this year, GM Chairman
and Chief Executive Rick Wagoner said on Tuesday.
Sources: YAHOO
GM to invest $48 million in Indiana facility
YAHOO
Reuters - General Motors Corp. on Monday
said it will invest $48 million in a foundry in Bedford,
Indiana, to build transmission cases and converter housings for
its fuel-saving six-speed transmissions.
Sources: YAHOO
GM US sales down 16 percent in May
YAHOO
Reuters - General Motors Corp. on Thursday
said U.S. sales fell 16 percent in May, driven by a big slump
in car sales.
Sources: YAHOO
2 doomed auto plants named the best
CNN
The two most efficient auto assembly plants in North America are a Ford plant in Atlanta and a General Motors plant in Ontario - and both of them are going to close.
Sources: CNN
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