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.

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.

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.