GMC News Archives

“But I think it's going to be less easy for GM and Chrysler.”

Canadian Auto Workers president Buzz Hargrove said Wednesday he expects Chrysler LLC and General Motors Corp. via Canadian Business Magazine

“I want to challenge our Canadian government to get up off their asses and start to give some attention to our declining auto industry, give attention to our declining manufacturing centre throughout this country”

- A Canadian Auto Workers official who is angry over the job cuts planned by General Motors at its Ontario truck plant says politicians need to "get up off their asses" and end what he calls unfair trade practices.

CAW Local 222 president Chris Buckley says the federal government allows foreign automakers to flood the market with imports but Canadian companies are shut out of those foreign markets.

Buckley says Canada will continue to "bleed" good paying jobs unless Ottawa acts.

Buckley's words follow a General Motors announcement Monday that it's eliminating 1,000 jobs in Oshawa, Ont., when it ends a shift at its Ontario truck plant. Other cuts were also announced for GM plants in Michigan and Wisconsin. Read more

“Canada's economy likely grew modestly in the first quarter with output in January/February posting a small increase relative to the fourth-quarter average”

The Toronto stock market racked up a solid gain late Wednesday morning as bank stocks improved and energy shares headed higher following a big drop on Tuesday, offsetting data showing more deterioration in the ... via CBC News

General Motors Corp. says it will resume production of full-size sport utility vehicles at a factory in Arlington, Texas, that had been shut down due to a strike at a parts supplier. via NewsCenter 25

“We continue to leverage our global product portfolio to take advantage of tremendous growth in key emerging markets, while at the same time taking the appropriate actions to deal with the challenging economic conditions in the U.S.”

General Motors Corp. struggled to a $3.3 billion first-quarter loss, due in part to a weak U.S. market, a strike at a major supplier and plummeting sales of sport utility vehicles and pickups. via WCBS-TV New York

The United Auto Workers has extended a strike deadline that expired this morning at a General Motors Corp. via Detnews.com

“It feels like a kick in the gut; these are permanent job losses that will have a major ripple effect”

It was bad news mixed with good for General Motors of Canada workers, who learned Monday that between 900 and 1,000 Oshawa truck-assembly plant jobs are being axed in September while union leaders cut a deal on ... via Durham Region News

GMAC Financial Services said Tuesday its first-quarter loss widened as its automotive finance business weakened - though results improved slightly in its struggling mortgage operations. via Canadian Business Magazine

“I think people will be satisfied with this, especially when you see what has been happening across the river (in Detroit) in our industry”

The Canadian Auto Workers union said Monday it has reached a new deal with Ford Motor Co. via Ottawa Citizen

“Any investor can purchase Ford shares, which are sold on the open market”

By TOM KRISHER Monday, April 28, 2008 Billionaire investor Kirk Kerkorian, making another attempt to shape the U.S. automotive industry, disclosed Monday that he had acquired a 4.7 percent stake in Ford Motor ... via WQXI-AM Atlanta

General Motors Corp. says it will cut one shift at four North American factories that make pickup trucks and big sport utility vehicles, resulting in some layoffs.

The world's largest automaker said Monday the cuts are due to sagging sales, brought on by high gasoline prices and a housing industry downturn.

GM says the cuts will affect pickup factories in Pontiac and Flint, Mich., and Oshawa, Ontario, as well as the full-size SUV plant in Janesville, Wis.

The company says the cuts mean it will make about 88,000 fewer pickups and 50,000 fewer large SUVs this calendar year. Read more

General Motors Corp. will sell its first gas-electric hybrid cars in China in July, introducing a model created in part by GM's Shanghai design center, the company said Saturday. via EDGEboston.com Style Feed v1.0

General Motors Corp Chief Executive Rick Wagoner's salary and other compensation rose 64 percent in 2007 to about $15.7 million, mainly due to option grants, according to a proxy filed on Friday. via BNET

General Motors Corp. says the engine for its 2009 Chevrolet Corvette ZR1 sports car has an output of more than 638 horsepower, reaching a top speed of more than 200 miles per hour. via WZZM

“One man's garbage is now another mans gas”

Coskata Inc., a startup ethanol company, and its partner, General Motors Corp., are announcing plans to have a $30 million demonstration plant up and running in Madison, Westmoreland County, by April 2009. via ThePittsburghChannel

“We see our consumers coming into our dealerships and wanting to trade down into a lower monthly payment”

Scott Piechocinski roamed the rows of a CarMax dealership in Charlotte, N.C., on a recent afternoon, searching for something small to replace his son's 2001 Nissan Pathfinder sport utility vehicle. via CBC News

There is a reason Buick's Enclave has been getting so much press --a simple reason. via Canada.com

General Motors Corp. faces strike deadlines today from United Auto Workers locals at two factories, including one in Kansas City that makes the strong-selling Chevrolet Malibu sedan. via The Ledger

“It is absolutely criminal what is happening with people not coming to work”

American Axle Chairman and CEO Richard Dauch said Thursday that five U.S. plants where workers have been on strike for nearly two months are holding back the auto parts supplier's overall ability to compete. via WXYZ

“Gas prices have exceeded our expectations.”

A man fills a petrol barrel at port Khalid in Sharjah, United Arab Emirates, Tuesday, April 22, 2008. via The Janesville Gazette - Janesville, ...

INDIANAPOLIS Finalists for Indiana's technology-focused Mira Awards, to be presented in a ceremony May 16 at the Indiana Roof Ballroom, were unveiled Wednesday. via IndyStar.com

“We were able to secure enough parts to resume regular production”

GM negotiates with locals to avert strikes. American Axle & Manufacturing Holdings Inc. via Futureoftheunion.com

A General Motors Corp. sales executive says a nearly two-month strike at parts maker American Axle and Manufacturing Holdings Inc. via NewsCenter 25

Toyota Motor Corp. , vying with General Motors Corp. to be the world's largest carmaker, increased first-quarter global sales 2.7 percent after demand grew in China and other emerging markets. via Bloomberg

“One mile per gallon, it's not insignificant, but to say 'we're the leader' kind of implies that you're so far ahead of everybody else. It's a marketing gimmick that only takes you so far”

General Motors Corp. is putting a six-speed automatic transmission mated with a four-cylinder engine in the 2008 Chevy Malibu, giving the automaker some fuel-efficiency bragging rights in the hyper-competitive ... via MSN Money

“It all has to do with seniority and job security”

Plant makes Malibu; UAW talks progressing. As a strike deadline looms at a key General Motors Corp. via Futureoftheunion.com

“It's all supply and demand, and if there is no demand, we can't supply them.”

Bay City's General Motors Corp. Powertrain plant is bracing for more hourly worker layoffs should a threatened union strike become a reality at a GM transmission factory in Warren. via Futureoftheunion.com

“In the 1980s, minivans were America's family car”

Ford Motor Co. said industrywide US sales of minivans may fall to a 23-year low this year while large pickups decline to the fewest in a decade as more consumers turn to smaller cars. via Boston Globe

General Motors Corp. says the eight-week strike at American Axle and Manufacturing Holdings Inc. via WDTN-TV Dayton

“I don't think we're too far away, but neither one of us are ready to say 'Let's go' yet”

Chrysler LLC's talks on a possible joint venture with China's Chery Automobile Co. via Fort Worth Star-Telegram

“The economy in the United States is adjusting very quickly.”

Automobile industry executives at Beijing's bi-annual auto show forecast another boom year in China in 2008, with sales in the world's No. via Boston.com

“I would hope we could resolve Axle, but we cannot negotiate an agreement with ourselves”

The president of the United Auto Workers says he is optimistic that the union can settle several contracts in Michigan with General Motors Corp. via WOOD-TV Grand Rapids

“We don't expect to see a very high volume of sales of this car in China in a short period of time. But we bring this technology to help China support sustainable growth and bring consumers in that direction”

Customers look at Buick and Chevrolet cars at a sales office in Beijing in this Oct. via Kansas.com

“They did not get off to a good start”

Despite the tough American economy, General Motors Corp. has started the year off right -- holding its share of the retail market in the first three months with a stable of strong new products such as the Chevy ... via Hispanic Business

“He has no aerospace experience, but he is from the very competitive automotive industry”

Poised to go head to head with giants Boeing Co. and Airbus for the first time, Bombardier Inc. via Globeinvestor.com

Volkswagen AG may retake the title of China's biggest overseas automaker from General Motors Corp. via Bloomberg.com - Asia

Workers at a vital General Motors Corp. transmission factory in Warren aren't going on strike after all. via WXYZ

“There's a huge number of people entering the market for the first time”

General Motors Corp will need to offer small vehicles at very low prices to reach first-time car buyers in China and hit the fastest-growing segment of the industry's biggest boom market, a senior executive ... via Earth Times