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Nick Reilly took over at Adam Opel GmbH in Germany five days after 10,000 people demonstrated against General Motors Co's ownership of the unit. It wasn't the first time GM had asked him to win over protesters. Full Article at People's Daily Online
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DETROIT - General Motors Co. said Monday it will spend $700 million at eight Michigan facilities to get its new rechargeable electric car road-ready - a technological and economic boost for its home state. Full Article at Daily Breeze
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The entrance to the Austrian factory of General Motors is seen in Vienna May 5, 2009. View Photo »
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Traditionally, it takes a while for what's going on in the national economy to affect us, but we saw it sooner this time because of General Motors closing and Alcoa phasing down their operations ... I'm being optimistic, but I believe that probably right now we're past the worst it's going to be. Early ...
SOURCE: Watertown Daily Times -
DETROIT Edward E. Whitacre Jr. , the new chief executive of General Motors, has one big advantage as he tries to turn around the automaker a stockpile of cash to develop new cars and trucks. Full Article at The New York Times
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Beijing Automotive Industry Holding Group has made it clear that it has no interest in acquiring Saab's production hub in Trollhattan, Sweden, according to the people who could not be named because the talks remain private. Full Article at International Business Times
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General Motors Co. said Monday it will spend $700 million at eight Michigan facilities to get its new rechargeable electric car road-ready _ a technological and economic boost for its home state. Full Article at eTaiwan News
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An employees of General Motors's German unit Opel is pictured inside the Opel plant in the Eastern German town of Eisenach, May 4, 2009. View Photo »
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This will assist China's leading listed automotive company in consolidating Shanghai GM revenue into SAIC Motor, which will provide investors a clear understanding of its business
SOURCE: People's Daily Online -
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NEW YORK/DETROIT (Reuters) - General Motors Co is talking to BAIC, China's fifth largest car maker, about a partial sale of assets associated with its Saab brand, including tooling and technology, two people with direct knowledge of the discussions said. Full Article at The Washington Post
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We took a look at which stocks have mean consensus estimates farthest above their stock prices (as of market close on 12/4/09). If you chose to move from your current country of residence, where would be the best place for you to go? Full Article at CNBC
About General Motors
Wikipedia
General Motors Corporation (GM) (OTCBB: GMGMQ/Pink Sheets: GMGMQ) is a U.S. automaker based in Detroit, Michigan. It is the world's second-largest after Toyota, ranked by 2008 global unit sales. GM was the global sales leader for 77 consecutive calendar years from 1931 to 2007. It manufactures cars and trucks in 34 countries. Full Article
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AP Photo
General Motors retiree Mal Hanson and wife Marie hold hands at a news conference Warren, Mich. , Wednesday, April 29, 2009. Individuals who hold General Motors Corp. bonds said they want a better deal than the debt-for-equity swap the company is offering.
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AP Photo
Retirees, family members and individuals who hold General Motors Corp. bonds are shown at a news conference in Warren, Mich. , Wednesday, April 29, 2009. Individuals who hold General Motors Corp. bonds said they want a better deal than the debt-for-equity swap the company is offering.
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Reuters Pictures
The General Motors logo is seen on the side of a H2 Hummer truck at a dealership in Carlsbad, California April 28, 2009. GM Chief Executive Fritz Henderson said on Monday that a sale of its Hummer SUV brand is still a "reasonable likelihood".
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AP Photo
Vehicles are seen for sale at a General Motors dealership Tuesday, April 28, 2009, in Dublin, Calif.
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Reuters Pictures
A sign is shown at a General Motors car dealership in San Francisco, California April 27, 2009.
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Reuters Pictures
A General Motors auto dealership that sells the Pontiac brand is seen in Dearborn, Michigan April 24, 2009. General Motors Corp announced a new restructuring plan on Monday that includes aggressive debt reductions, plant closures and job cuts.
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Reuters Pictures
General Motors Chief Executive Officer Fritz Henderson arrives for a news conference at GM headquarters to announces changes, including cutting 21,000 more factory jobs by 2010 and phasing out the Pontiac brand, during a news conference at GM headquarters in Detroit, Michigan April 27,...
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Reuters Pictures
General Motors Chief Executive Officer Fritz Henderson announces changes at GM, including cutting 21,000 more factory jobs by 2010 and phasing out the Pontiac brand, during a news conference at GM headquarters in Detroit, Michigan April 27, 2009. REUERS/Rebecca Cook.
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Reuters Pictures
General Motors Chief Executive Officer Fritz Henderson announces changes at GM, including cutting 21,000 more factory jobs by 2010 and phasing out the Pontiac brand, during a news conference at GM headquarters in Detroit, Michigan April 27, 2009. REUERS/Rebecca Cook.
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Reuters Pictures
General Motors Chief Executive Officer Fritz Henderson announces changes at GM, including cutting 21,000 more factory jobs by 2010 and phasing out the Pontiac brand, during a news conference at GM headquarters in Detroit, Michigan April 27, 2009. REUERS/Rebecca Cook.
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Reuters Pictures
General Motors Chief Executive Officer Fritz Henderson speaks during a news conference at GM headquarters in Detroit, Michigan April 27, 2009.
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AP Photo
General Motors President and CEO Fritz Henderson talks with reporters after addressing the companies viability plan in Detroit, Monday April 27, 2009.
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AP Photo
General Motors President and CEO Fritz Henderson addresses the companies viability plan in Detroit, Monday April 27, 2009.
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AP Photo
File - General Motors President and CEO Fritz Henderson addresses the companies viability plan in Detroit, in this April 27, 2009 file photo.
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AP Photo
General Motors President and CEO Fritz Henderson addresses the companies viability plan in Detroit, Monday April 27, 2009.
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AP Photo
General Motors President and CEO Fritz Henderson addresses the companies viability plan in Detroit, Monday April 27, 2009.
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AP Photo
General Motors President and CEO Fritz Henderson announces the company will build around four core brands in its viability plan in Detroit, Monday April 27, 2009.
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AP Photo
General Motors President and CEO Fritz Henderson addresses the companies viability plan in Detroit, Monday April 27, 2009.
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AP Photo
FILE--An undated file photo released by General Motors shows a 1968 Pontiac GTO.
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Reuters Pictures
Retired General Motors auto worker John Martinez sits outside his father's house, also a retired GM worker, in Detroit, Michigan April 18, 2009.
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Reuters Pictures
Retired General Motors auto worker John Martinez and his eldest son Alejandro sit outside his father's house, also a retired GM worker, in Detroit, Michigan April 18, 2009.
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Reuters Pictures
Retired General Motors worker Jesus Martinez, 84, stands in his house in Detroit, Michigan April 15, 2009.
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Reuters Pictures
Retired General Motors auto worker John Martinez (L) and two of his sons Gabriel (C) and Emilio take a break while landscaping the front of their home in Lincoln park, Michigan April 17, 2009.
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Reuters Pictures
Retired General Motors auto worker John Martinez (R) visits his dad Jesus, also a retired GM worker, at Jesus' house in Detroit, Michigan April 15, 2009.
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Reuters Pictures
Retired General Motors worker Wayne Pierce talks about his GM pension and health benefits with his wife Peggy in the kitchen of their home in Sterling Heights, Michigan April 16, 2009.
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AP Photo
Retirees, family members and individuals who hold General Motors Corp. bonds are shown at a news conference in Warren, Mich. , Wednesday, April 29, 2009. Individuals who hold General Motors Corp. bonds said they want a better deal than the debt-for-equity swap the company is offering.
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Fritz Henderson has done a good job in a period of transition ... But the board of directors runs General Motors, not the president of the United States.
SOURCE: Detroit News Online -
He guided General Motors through perhaps the most difficult period in its history ... I think all of us were surprised and the whole General Motors team I think is genuinely saddened over what transpired.
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He guided General Motors through perhaps the most difficult period in its history. I know you all would like to know the true inside story of what transpired at General Motors yesterday
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If GM and Chrysler move to a broker-based model to transport cars to dealerships, good-paying American jobs will be lost and the safety of the car-hauling industry will be jeopardized ... With over $81 billion of taxpayer money invested in GM and Chrysler through the TARP program, an irresponsible decis...
– Joe Baca, Jr. SOURCE: PR Newswire -
If GM and Chrysler move to a broker-based model to transport cars to dealerships, good-paying American jobs will be lost and the safety of the car-hauling industry will be jeopardized ... With over $81 billion of taxpayer money invested in GM and Chrysler through the TARP program, an irresponsible decis...
– Joe Baca, Jr. SOURCE: PR Newswire -
We’re interested in Saab, and are just now talking to General Motors
SOURCE: The Truth About Cars -
General Motors doesn't seem to have been successful yet in convincing those Pontiac and Saturn [owners] to switch to another [GM] brand.
SOURCE: Globe and Mail -
Ed Whitacre was the government’s choice to lead the company and the Automotive Task Force always appeared lukewarm about the idea of Fritz staying in the top job. In recent months, the board and Henderson appeared as if they were not on the same page ... Henderson wanted to sell Opel; the board overrule...
SOURCE: TheAutoChannel.com -
For instance you can't sell it to anybody who wants to sell Saab on the Chinese market because then it will compete with GM's own products, since the new Buick is more or less the same car as the new Saab.
SOURCE: Times of India -
It's been a rough couple years at the company, but I think there are more car guys in top executive positions now at GM than since I've been there, and I see expressiveness coming back to design, and the quality is there ... There are a lot of mundane, blah cars out there today.
– Dave Ross SOURCE: Pittsburgh Entertainment -
It is Saab owner General Motors that should find a new buyer, not the government ... Now it is in the hands of GM and it is they who should find a new buyer. It feels positive that GM has not given up hope of finding a new buyer.
SOURCE: Leftlane -
The problem is that Beijing will be interested in the one thing it is unlikely to get its hands on -- the technology from GM -- and is therefore unlikely to reach an agreement and prevent the Saab brand from disappearing from the automotive landscape
SOURCE: France 24 -
Can you imagine if General Motors, Chrysler, and Ford were going to merge and they didn't allow their employees to know how would be kept on and who would run the plant?
SOURCE: Village Voice -
I hear from General Motors that they of course want the German plants to be restructured but (that they are) giving all plants good prospects
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Gasoline made from the tar sands would give a Toyota Prius the carbon footprint of a General Motors Hummer. And to go for the dirtiest possible alternative, that vastly increases the amount of global warming pollution at a time when the world is desperately trying to reach an agreement to reduce that po...
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The sad part of the Saab brand is that they have a lot of die-hard loyalists — but they are loyal to cars built in the '80s, before GM ... In Saab, consumers used to see a unique Swedish product with all the austerity and elegance that Swedish products tend to have. Unfortunately, Saab lost that under t...
SOURCE: The Seattle Times -
The sad part of the Saab brand is that they have a lot of die-hard loyalists — but they are loyal to cars built in the '80s, before GM ... In Saab, consumers used to see a unique Swedish product with all the austerity and elegance that Swedish products tend to have. Unfortunately, Saab lost that under t...
SOURCE: The Seattle Times -
I can tell you that the last funds (received by) General Motors have been paid back, which means that the Opel operation has not cost the German taxpayer a cent
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Bochum remains an important part of the resources of General Motors in Europe going forward.
SOURCE: Shanghai Daily -
The Excelle XT is Buick's first coupé-like sedan in China that is based on GM's all-new front-wheel-drive compact vehicle architecture ... Developed as a collaborative effort by GM's global team, the model was tailored for the domestic market by GM's Pan Asia Technical Automotive Center (PATAC) automoti...
– Wale (musician) SOURCE: Wolrd Car Fans -
The Excelle XT is Buick's first coupé-like sedan in China that is based on GM's all-new front-wheel-drive compact vehicle architecture ... Developed as a collaborative effort by GM's global team, the model was tailored for the domestic market by GM's Pan Asia Technical Automotive Center (PATAC) automoti...
– Wale (musician) SOURCE: Wolrd Car Fans -
I can tell you that the last funds for Opel have been paid back by General Motors ... I expect at least a thank you letter from General Motors in a few years.
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I can tell you that the last funds for Opel have been paid back by General Motors ... I expect at least a thank you letter from General Motors in a few years.
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A muted industry recovery indicates that in Fitch's view, neither General Motors nor Chrysler will be in a position to access the equity markets in 2010.
SOURCE: Detroit News Online -
We're not a consumer, retail automaker ... What Ford and GM are doing is taking a passenger car, adding lights and a siren and a shotgun mount and a few other things. We've started with a clean sheet of paper to make a purpose-built solution from the ground up, made in America.
SOURCE: Indianapolis Star
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