GM expects to give potential buyers financial information about Hummer

Posted by admin | Hummer H2 | Monday 15 September 2008 2:44 pm

General Motors Corp expects to give potential buyers financial information about Hummer in the next few weeks while also looking at other asset sales, Chief Operating Officer Fritz Henderson said on Monday.

GM, which in June hired Citigroup to consider all strategic options for Hummer, has not yet officially put the iconic gas-guzzling brand on the market.

Delphi reached an agreement with GM on amended settlement

Posted by admin | Cadillac | Friday 12 September 2008 6:10 pm

Friday, Delphi Corp. (DPHIQ.PK: News ) announced that it reached an agreement with GM on amended settlement and restructuring agreements. Per the agreements, Delphi will receive support from GM that Delphi estimates to be valued at approximately $10.6 billion for its transformation, increased from about $6.0 billion in the January
2008 settlement. The agreement would modify the mechanics and expand the amount of Delphi’s net hourly pension liability transfer to GM pursuant to section 414(l) of the Internal Revenue Code from $1.5 billion under the original GSA to about $3.4 billion.

General Motors may get $25 billion in government loans

Posted by admin | General Motors | Thursday 11 September 2008 1:43 pm

General Motors Corp., Ford Motor Co. and their suppliers may get $25 billion in government loans to speed development of fuel-efficient vehicles this year and have to wait until next year for another $25 billion, analysts said.

The auto companies probably will be able to win support for $3.75 billion that must be appropriated to cover the costs of issuing the first $25 billion, Clint Currie, a Washington-based transportation analyst at Stanford Group, said in a report today. The odds against funding additional loans for the industry this year are 3-to-1, he said.

the production version of the Chevy Volt

Posted by admin | Buick (boulevard LaCrosse Excelle), Cadillac, General Motors, Hummer H2, OPEL, Uncategorized | Wednesday 10 September 2008 2:30 pm

Web site The Car Connection on Tuesday managed to get its digital hands on photos of the what is said to be the production version of the Chevy Volt, the much-ballyhooed plug-in hybrid from General Motors.
Production version of the Chevy Volt from General Motors

The photos were made available on GM’s media Web site unintentionally, a company representative told The Detroit News. They were quickly taken down from GM’s site after The Car Connection posted them.

It’s back to the assembly line for workers at the H2 plant

Posted by admin | Hummer H2 | Tuesday 9 September 2008 3:20 pm

It’s back to the assembly line for workers at the H2 plant.

But their return comes at a time when AM General announced the plant has laid off 80 employees, and scaled back production from 52 vehicles per day to 25.

Before the day started for employees, many sat down for a morning meeting with AM General leaders who announced the cutbacks and changes at the plant.

General Motors want $50 billion in government-backed loans

Posted by admin | General Motors | Monday 8 September 2008 1:56 pm

General Motors, Ford, Chrysler, and some U.S. auto-parts makers want $50 billion in government-backed loans to build fuel-efficient cars, according to Bloomberg news. They also want fewer restrictions on how they can spend the money.

Before government officials agree to this, they should examine how some of the people running our nation’s car companies have been spending money that makes it into company coffers.

Vandals who mess with other people’s cars are scum

Posted by admin | Hummer H2 | Sunday 7 September 2008 2:50 pm

Vandals who mess with other people’s cars are scum — bottom-feeders who are beneath contempt. It doesn’t matter what the vehicle being damaged is. Cars are a major purchase, there’s often an emotional connection to them, and most importantly, they generally represent the owner’s primary source of mobility — getting him or her to work, to the store, to pick up the kids, and so on.

OPEL announced that testing of its Mk-I HCPV solar panel verified

Posted by admin | OPEL | Friday 5 September 2008 3:30 pm

OPEL International Inc. (CA:OPL: news, chart, profile) (”OPEL” or “the Company”), a leading global developer and supplier of high concentration photovoltaic (HCPV) and other solar products, today announced that testing of its Mk-I HCPV solar panel verified that it qualifies under the provisions of the IEC 62108 standard. With the achievement of this milestone, OPEL has positioned itself to be a leading supplier of HCPV panels in the important European market and beyond.

General Motors expects to sell its Hummer brand by the end of this year

Posted by admin | Hummer H2 | Thursday 4 September 2008 1:43 pm

General Motors (GM.N: Quote, Profile, Research, Stock Buzz) expects to sell its Hummer brand by the end of this year or early in 2009, as it shores up capital to survive a deep industry slump amid record losses, its chief operating officer said.

GM, which has lost $51 billion over the past three years, plans to free up $15 billion in liquidity with cost-cutting, asset sales and new borrowing under a July plan intended to reassure investors that it can ride out of the down turn.

General Motors Corp. (GM) and Ford Motor Co. (F) executives said sales of trucks and SUVs

Posted by admin | General Motors | Wednesday 3 September 2008 2:42 pm

General Motors Corp. (GM) and Ford Motor Co. (F) executives said sales of trucks and SUVs in August again made up a bigger share of total sales as gasoline prices continued to fall from record highs in July.

As gasoline prices topped $4 a gallon this summer, buyers switched to more fuel-efficient cars and shunned the trucks and SUVs that have traditionally driven Detroit’s profits. The industry also has been dragged down by declining retail sales for individual dealerships, tied to the weak economy and soft housing market.

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