GMC News Archives

Detroit's hopes for spinning off large sport utility vehicles as hybrids have been spoiled so far by consumers, company figures indicate.

Associated Press file A construction worker walks between a row of new car carriers in General Motors Corp .'s Lordstown Assembly Plant.

Mumbai: General Motors Corp has offered retirement option to about 19,000 of its blue-collar workers in the US while the other Detroit major Ford Motor Co said it was finalising plans for elimination of 12 per ...

Toyota said Friday that nothing had been decided yet on using its California joint venture plant with General Motors to produce its Prius hybrid _ a move that would mark the first North American plant for the hit 'green' car.

The Tokyo Shimbun reported Friday that Toyota Motor Corp. was in talks with General Motors Corp. about producing the Prius, now made in only Japan and China, at a joint venture plant in Fremont, Calif.

The newspaper, which did not cite sources as is common in Japanese media reports, said that adding another production plant will help boost Toyota hybrid sales.

General Motors Corp, the biggest US automaker, is poised to build fewer pickups and sport-utility vehicles as rising gasoline prices spur demand for passenger cars, the company's North American sales chief ...

General Motors Corp. , which persuaded 34,400 U.S. union employees to leave in 2006, said about 19,000 United Auto Workers members have accepted buyout offers in its latest effort to clear out older workers.

General Motors Corp is preparing to announce further restructuring to cut costs and conserve cash amid a downturn in U.S. truck sales, the Wall Street Journal reported on Thursday, citing people familiar with ...

It's back to work for laid-off Flint Truck Assembly workers. After nearly three months, the production will start moving once again.

Luxury brands once again dominated an annual U.S. automobile quality survey taken this year by a California research company, but total quality dropped for the first time in four years, the company said.

Shares of General Motors Corp slumped to a 27-year low while smaller rival Ford Motor Co hit a new six-week low on Tuesday as analysts warned the U.S. auto market could remain weak well into 2009.

General Motors Corp. says it will speed up production cuts at a pickup truck factory in Flint that had been closed due to a strike at a parts supply company.

By DAVID B. CARUSO Monday, May 26, 2008 A real estate investment group has agreed to pay nearly $1.5 billion in cash for four Manhattan office towers, including the landmark General Motors building on Fifth ...

Atlanta Business Chronicle - by Douglas Sams Staff writer General Motors Corp. and commercial brokerage giant CB Richard Ellis Inc.

Greg Murray wasn't looking forward to getting up at 5 a.m. Thursday, but he's happy to be returning to work at General Motors Corp.'s Fairfax Assembly in Kansas City, Kan.

Shares of General Motors Corp. took the largest percentage loss on the Dow Jones industrial average Friday, when the auto maker warned a strike at a parts supplier will cost it $1.8 billion.

A striking United Auto Workers local at a General Motors Corp. factory in Michigan ratified a contract with the company yesterday and will resume production on Monday.

Toyota Motor Corp. will launch a Toyota-branded credit card in the United States in October, the latest entry into the crowded automotive affinity card market.

Workers from the largest union local at American Axle and Manufacturing Holdings Inc.

The Canadian Auto Workers union will now turn its attention to General Motors Corp.

By News Channel 8's Ted Koppy Posted May 21, 2008 5:15 PM New Haven _ With the price of gas at more than $4 in many places, most of us are looking for any way to cut costs.

In Michigan, every day is a car day. Now, we're also hosts of Year of the Car, a summer auto tourism festival that coincides with three things: the 100th anniversary of the Model T, the centennial of General ...

General Motors Corp reached a tentative agreement on Tuesday with striking workers at a Kansas assembly plant, potentially clearing the way for the No.

Eleven General Motors Corp. parts and powertrain plants resumed full production Monday after work was cut in response to the UAW's strike against American Axle & Manufacturing Inc., a major supplier to GM. via Detroit Free Press

“Because we were spun off from the national contract, if Three Rivers passes this vote, I expect Three Rivers to return to work”

Union members at an American Axle & Manufacturing Holdings plant in southwestern Michigan are likely to approve a contract that would end a three-month strike by granting the supplier deep concessions, the ... via Earth Times

“They want to be working, but they don't want to work under the conditions that management wants to change.”

Officials with United Auto Workers Local 31 and General Motors Corp. will start their third week of strike talks Monday morning, Local 31 President Jeff Manning said. via Kansas City Business Journal

Hundreds of employees are returning to work at a Dayton, Ohio-area General Motors Corp. via Times-Transcript

“With the new product commitments contained in the agreement, our members will be better equipped to weather the economic storm currently devastating the auto industry.”

Canadian Auto Workers at General Motors Corp. and Chrysler LLC have ratified a new labor agreement, wrapping up this year's round of negotiations between the CAW and the major automakers. via WOOD-TV Grand Rapids

TORONTO : The Canadian Auto Workers will ratify a new collective agreement with General Motors after three of Ontario's four locations voted in favor of the deal. via International Herald Tribune

General Motors Corp. said Thursday it had reached a tentative agreement with workers at its Lansing, Mich., Delta Township Assembly plant. via RedOrbit

General Motors Corp. is considering launching its Chevrolet brand in South Korea to capture a larger share of the country's growing market for imported cars, a company executive said Friday. via WOOD-TV Grand Rapids

“We remain cautious until the impact of this more fully works its way into GM valuation.”

General Motors Corp will need to raise over $9 billion in financing over the next two years to refinance existing debt and to offset projected cash losses in its auto operations in North America, Lehman ... via Earth Times

“Unfortunately, negotiations have stalled since late Sunday over two issues: health-care benefits for actively employed (workers) and supplemental unemployment benefits.”

By Kevin Krolicki Reuters Tuesday, May 13, 2008; 6:15 PM DETROIT - Auto parts supplier American Axle & Manufacturing Holdings Inc said on Tuesday contract talks with the United Auto Workers union aimed at ... via Washington Post

“As of midnight, May 13, 2008, GM hourly employees represented by the United Auto Workers Local 602 involved in the work stoppage at Lansing Delta Township will no longer be eligible for some benefits including health care”

General Motors Corp. workers on strike at the Lansing Delta Township assembly plant have lost their GM-funded health care and other benefits for the duration of the strike that began on April 17. via Lansing State Journal

General Motors Corp. has agreed to kick in up to $200 million to help bring an end to a bitter 10-week strike at parts supplier American Axle and Manufacturing Holdings Inc., the Associated Press reported last ... via El Paso Times

“The parts became available and therefore we're more than happy to make the vehicles”

First-shift workers at the local General Motors Corp. plant are being called back to production jobs until further notice, the company said Wednesday, May 14. via Dayton Daily News

“When we last looked in depth at the GM liquidity position in March, GM credit spreads had spiked close to their widest levels of late 2005 and about 1000 basis points wider than their lowest point in 2007”

General Motors Corp needs to raise about $9 billion over the next two years to refinance debt, and may seek more for operational cash burn as it faces production headwinds and commodity price increases, Lehman ... via Reuters

“The strike is making many other potential Enclave buyers deal with the very same choices I've had to mull over the past few weeks.”

Dealers and car buyers are starting to feel the pain of a strike at General Motors Corp's Lansing Delta Township plant that is nearly a month old. via Lansing State Journal

“I would not want to predict how long this thing's going to go”

UAW President Ron Gettelfinger, not normally very talkative with news media, was a virtual chatterbox on Detroit radio airwaves in recent days, huffing and puffing about the injustices being heaped upon brave, ... via Detroit Free Press

“We're working hard to not be involved in those day-to-day negotiations.”

The U.S. auto industry is in a recession, General Motors Corp. president and chief operating officer Fritz Henderson said Tuesday. via Globeinvestor.com

DETROIT - General Motors Corp. has resumed production at five plants affected by an 11-week strike at supplier American Axle & Manufacturing Inc. via Lansing State Journal

“Thank God most of our customers are GM employees. If they were regular retail customers, I can't imagine.”

They feel pinch over parts shortage, lack of diverse inventory as clients wait indefinitely for custom cars. via Futureoftheunion.com

“It's too fragile. It will be a trailer queen”

Ed Hanson's 1908 Buick Model F Touring car will celebrate its and General Motors' 100th birthday on the streets of Flint. via Battle Creek Enquirer

“Certain business cases here are challenging.”

General Motors Corp. plans to close its Windsor, Ontario, transmission factory in the second quarter of 2010, the automaker said Monday. via MLive.com

“The challenge in the industry has been the cost of processing, and the long-term effort and outcome of research would be to produce enzymes as the feedstock ferments”

As enthusiasm for corn ethanol wanes and demand for biofuel rises, cellulosic ethanol developer Mascoma Corp. via VC Ratings

“It's such a new world for us, because as you well know, for the better part of the last two decades, we've been a truck and SUV company”

Foreign-based manufacturers are now selling more vehicles collectively in Canada than Detroit's traditional Big Three, as Canadians's already strong penchant for good value and fuel-sipping vehicles ... via Canada.com

Delphi Corp. , the bankrupt former auto-parts subsidiary of General Motors Corp. via Bloomberg

“And they have been consistently turned down by the UAW.”

DETROIT : United Auto Workers President Ron Gettelfinger said Saturday he thought the union had been close to a contract deal to end a strike against American Axle until the auto parts supplier offered a ... via International Herald Tribune

“We are very close to the top leaders at GM and believe they have some of the best thinkers in the industry”

By TERRY BOX / The Dallas Morning News tbox@dallasnews.com In a show of support for General Motors Corp., AutoNation Inc. via Denton Record-Chronicle

The vote by production members didn't turn out as hoped, but United Auto Workers Local 1714 at the General Motors Corp. via Futureoftheunion.com

General Motors Corp. is buying its previously leased headquarters in downtown Detroit's towering Renaissance Center for $626 million , saying the weak real estate market opened an opportunity for the automaker. via PR-inside.com

“It remains to be seen how far they will go.”

I remain surprised that GM is still in business. It loses money on cars, on financing, and it is behind the curve on a transition away from SUVs. via Seeking Alpha

A General Motors Corp. truck assembly plant in Arlington, Texas, which had cut production in half because of a parts shortage, will resume operations. via WLNS-TV Lansing

“It's a way to give (customers) peace of mind”

DETROIT - Chrysler is offering to subsidize the cost of gasoline for car and truck buyers, but its biggest rivals - General Motors, Toyota and Ford - said yesterday they have no plans to match it. via Journal News

“It's a sea change in the type of vehicle that Americans are going to be driving”

GENERAL Motors Corp may be forced to break up a seven-decade marriage of pickups and large sport-utility vehicles as Americans restrict the fossil-fuel diet of their transportation. via Shanghai Daily

“We opted to purchase it outright because of the condition of the real estate market”

General Motors Corp. said Thursday that the shaky real estate market convinced the automaker that it was a good time to buy its previously leased headquarters in downtown Detroit's towering Renaissance Center ... via ClickOnDetroit.com

“We feel we can meet our customer orders with a single shift rather than add a second shift”

Andy Perez of Flint Township and Ken Reeves of Flint mount a bumper on a truck at Flint Truck Assembly in 2004. via MLive.com

“There is no mistake that things are seriously tough - even for Toyota”

TOKYO - Toyota said the strong yen and weaker U.S. sales took a bite out of January-March earnings and projected worse was to come - a 27 percent plunge in its full-year profit. via Detroit Free Press

“If we get them from overseas now, it kind of undermines what the union is doing”

GM Wentzville Truck Assembly Center in Wentzville, Mo. General Motors Corp.'s full-size van assembly plant in Wentzville will restart operations Monday, the company said Wednesday. via St. Louis Post-Dispatch

“In the absence of a rebound in economic conditions and industry sales through 2009, both companies are likely to remain cash-flow negative during this period”

General Motors Corp and Ford Motor Co will continue to face heavy cash drains in 2008 and are expected to burn cash through 2009 unless industry sales rebound, Fitch Ratings said on Wednesday. via Earth Times

Over the past few months the ongoing labor strife at American Axle has brought a lot of problems to one of the company's biggest clients, GM. via Motor Trend

“Our main focus is on resolving the dispute at Fairfax”

Workers at a General Motors Corp. plant that assembles the popular Chevrolet Malibu remained off the job for a second day Tuesday as negotiators resumed talks aimed at ending the walkout. via Sympatico Finance

“This premium diesel engine is expected to deliver the power, torque and refinement our customers expect”

We gave a pretty detailed write-up last summer on GM's new light-duty diesel V-8 that will premiere in 2009. via AutoblogGreen

Residential Capital LLC, the mortgage- finance company owned by GMAC LLC, said it may not be able to meet debt obligations unless it comes up with an additional $600 million by the end of June. via Bloomberg

General Motors Corp. employees at a stamping plant in northeast Ohio have reached a tentative contract. via WXMI-TV Grand Rapids

“Our philosophy is, where there's life, there's hope”

The survival of a longtime Summerville manufacturer whipsawed by the loss of several big contracts and plummeting revenue now hinges on a quick sale of the business. via The Post and Courier

Members of a United Auto Workers union local in Kansas City, Kan., are in eleventh-hour negotiations to avoid a strike against General Motors Corp.During talks over the weekend, UAW Local 31 set a strike ... via KansasCity.com

“I'm hoping it will be in the next week or so.”

The Canadian Auto Workers voted to ratify a three-year contract with Ford Motor Co., an agreement the union expects Chrysler LLC and General Motors Corp. via Myrtle Beach Online

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 parts supplier and plummeting sales of sport utility vehicles and pickups. via San Diego Source

“I'm retired now, and I don't travel as much as I used to, but I feel sorry for the people who have to pay these prices for gas to get to work every day.”

Will the price of gas reach four bucks a gallon here by Labor Day? Yes, and then some. via Appleton Post-Crescent

GMAC LLC , the auto and home lender that General Motors Corp. sold to a private equity group, posted a $589 million loss in the first quarter and said it may not make a profit until next year. via Bloomberg

“Do I have enough confidence to leave General Motors and go out and have at it? That's a tough, tough decision.”

The automaker announced Monday that it will end the second shift at the Janesville factory and eliminate some 750 jobs. via The Janesville Gazette - Janesville, ...

“GM is pretty close to where it needs to be”

Cutbacks at General Motors Corp. to pull itself out of the red are not over, GM Chief Operating Officer Fritz Henderson said. via Daily India

In a tough market for trucks, GM is cutting back. General Motors Corp. announced today that it would reduce production of light trucks and full-size SUVs in its U.S. and Canadian plants by 138,000, eliminating ... via Los Angeles Times

“I think the people of Ontario who put substantial sums of money into these plants are owed an explanation as to what the agreements provided for.”

Despite the latest round of General Motors Corp. layoffs and slumping North American car sales, Ontario Premier Dalton McGuinty predicted Tuesday the province will get a new auto assembly plant and the ... via Globeinvestor.com

U.S. stocks rose, extending the best monthly advance for the Standard & Poor's 500 Index since 2003, as better-than-forecast economic growth eased concern that the housing slump will drag the country into a ... via Bloomberg.com

General Motors Corp. Chief Executive Richard Wagoner said Thursday that global warming is not going to be solved with $100,000 electric cars, and his company is focusing on a vehicle more consumers can afford.

Wagoner spoke to the Commonwealth Club of California in San Francisco on the topics of global warming, ethanol availability, and rising gas prices.

Global warming needs a solution that can "significantly shift the fleet of vehicles to different fuels or different propulsion technologies fairly rapidly," he said after the event. Read more

Mascoma is developing a Consolidated Bioprocessing process that results in a simpler, lower-cost pathway for cellulosic ethanol. via Green Car Congress

“Smaller vehicles are going over big”

U.S. auto sales fell sharply in April with rising gasoline prices weighing hardest on sales of large sport utility vehicles and pickups, where the industry traditionally has made its biggest profits.