GMC News Archives

A century ago, prospectors played geological roulette here in the San Juan Mountains.

THE SHIFT: Executives at Ford Motor Co. and General Motors Corp. say they knew gasoline prices would rise and the U.S. market would shift from trucks to cars.

Shares of General Motors Corp. and Ford Motor Co. have tumbled to new 52-week lows.

The 300 bankers gathered at New York's Waldorf-Astoria Hotel last month faced a stark choice: Accept Sam Ramsey 's plea to restructure $60 billion of GMAC LLC's debt or risk pushing the lending arm of General ...

America's Big Three automakers are looking awfully small these days. Speculation about asset sales, takeovers and even bankruptcy for the former titans of Detroit raged Thursday as a stock market rout after a ...

By Poornima Gupta Reuters Sunday, June 29, 2008; 6:13 PM DETROIT - After three decades at work in a GM factory, John Martinez has reached a crossroads.

Dear Jim, You called this one years ago. Onward it goes! Keep up all your great work, Best, CIGA Big Tatanka GM Falls to Lowest Since 1974 on Goldman Rating Cut By Greg Bensinger June 26 -- General Motors ...

Every morning, just after getting coffee, Mark Fields fires up his laptop to pore over a computer model showing real-time U.S. auto sales figures.

Q : Any information about long-term prospects for our General Motors Corp. stock would be appreciated.

General Motors Corp. announced Monday that the pickup truck plant in southwest Allen County will be shut down for three extra weeks before the end of the year because of slow truck sales.

Casualties of deep production cuts under way at General Motors Corp. will mount this summer, as reductions spread from major assembly plants to stamping and Powertrain factories throughout North America.

LORDSTOWN, Ohio -- Republican John McCain told autoworkers Friday at a General Motors Corp.

Chrysler LLC trotted out celebrated retired chairman Lee Iacocca to rally employee spirits yesterday, but investors were more interested in bankruptcy rumours that continued to haunt the auto maker and yet ...

Shares of General Motors Corp hit their lowest level since 1955 and dragged down the auto sector on Thursday after Goldman Sachs cut the struggling U.S. industry's largest manufacturer to a "sell" rating and ...

Toyota Motor Corp. could overtake General Motors Corp. in monthly U.S. sales for the first time in June, but the victory could be a hollow one as the weak economy continues to pummel the auto industry and even ...

General Motors Corp. has hired some 450 temporary workers and recalled workers laid off earlier this year for the Moraine plant it has slated for closure.

The Canadian Auto Workers said it accepts that General Motors Corp. is determined to shutter its truck plant in Oshawa, Ontario, in the fall of 2009 but the union again vowed to fight the closure despite the ...

Stocks tumbled Thursday as Wall Street contended with a barrage of bad news: another surge in oil prices and warnings of trouble in the key financial, automotive and high-tech industries.

Gas prices are above $4 per gallon. Full-size pickup truck sales are down more than 21 percent through May.

Barack Obama told top business leaders Thursday that politics often gets in the way of solving problems that threaten America's ability to stay competitive in the global economy."There is surprising consensus ...

Japanese automakers reported generally solid growth in global production and exports in May, as robust demand in Asia and emerging markets cushioned the effects of a softening U.S. market.The country's top ...

Shares of General Motors Corp. plunged Thursday to their lowest price in more than 30 years, as industry observers and investors continued to speculate about just how bad things could get for U.S.-based ...

General Motors Corp. and Chrysler LLC may face a cash squeeze next year as U.S. sales decline on a slowing economy and rising gasoline prices that are pushing buyers toward more fuel-efficient vehicles, Fitch ...

General Motors needs some poker playing lessons. The first rule of bluffing is that it's important that not everyone else at the table not know it's a bluff.

Mexico is riding a boom in small-car sales that has put the nation's vehicle production on track to pass Canada for the first time and become the second-largest vehicle manufacturer in North America this year.

Local officials are moving quickly to try to soften the blow from a General Motors Corp.

Struggling to grasp the depths to which truck sales will fall this year, General Motors Corp.

Shares of automakers General Motors Corp. and Ford Motor Co., parts suppliers and auto retailers all tumbled on Wednesday as investors reacted to signs of a further slowdown in June auto sales and uncertainty ...

General Motors Corp. and Ford Motor Co. will send nearly $2 billion worth of vehicles, parts and machinery to China during the next few years, part of a package of 30 deals between American businesses and China ...

Racing to adjust to a collapse in demand for big pickups and SUVs, General Motors Corp.

GM's "72 Hour Sale" will offer 0 percent interest for 72 months for most Chevrolet and Buick-Pontiac-GMC products.

The departure of 193 hourly workers from Saginaw Metal Casting Operations opens the door to recall about 60 employees on layoff, a union leader says.

General Motors Corp. says it will further cut production of trucks and sport utility vehicles from the summer through the end of the year.

Spokesman Chris Lee says GM will cut shifts, reduce assembly line speeds and temporarily idle seven factories because of declining consumer demand for the truck-based vehicles.

The biggest cut will take place at the company's Janesville, Wis., factory that makes large SUVs. It will be idled the weeks of July 14 and 21, plus it will be shut down another 10 weeks through the end of the year.

The United Auto Workers recruiting chief said he will retire at the end of the month, halfway through his four-year term as the union struggles to stem a membership decline.

Below is an auto news article from June 20, 2008 from Automotive.com and PRNewswire.

With its stock market value tumbling, General Motors Corp. is temporarily freezing its future large truck development efforts and preparing to hire lower-paid workers.

General Motors Corp. officials said the automaker has received at least 1,000 inquiries, including interest from international firms, about redeveloping its Doraville Assembly plant.

The GMC Yukon could be converted to a smaller platform such as Lambda. General Motors is mulling the future for its full-sized SUVs, sources have told Automotive News .

Major US stock market indices slid Friday to a three-month low, led by consumer and technology companies, as oil prices jumped and analysts said demand for electronics may weaken.

General Motors Corp, reeling from record gasoline prices, has delayed plans to replace its fleet of large pickups and sport-utility vehicles and will focus on developing fuel-efficient cars.

General Motors Corp., in its final tally of union buyouts, said 18,657 United Auto Workers members accepted packages to leave the largest U.S. automaker, clearing the way for hiring lower-paid employees in its ...

General Motors Corp. will pay 18,657 workers - about half of them from Michigan facilities - buyout and retirement incentives, the automaker said today.

Faced with a continuing plunge in pickup truck and sport utility vehicle sales, Ford Motor Co.

Chrysler LLC has set the price for its first two hybrids--gasoline-electric versions of the 2009 Chrysler Aspen and Dodge Durango sport/utility vehicles.

General Motors Corp. has informed the state it plans to lay off an additional 96 workers from its Janesville assembly plant by mid-September. The layoffs announced Thursday are in addition to the 756 workers ...

The only thing agreed to in Ontario Superior Court in Whitby, Ont., was that each party would pay their own court costs, said CAW Local 222 chairman Keith Osborne.

The departure of 18,657 hourly workers allows General Motors Corp. to take a major step toward solving one of its most pressing problems - the need to shed workers as it downsizes its truck production to match ...

General Motors Corp. said Thursday it will indefinitely halt a major overhaul of its full-size pickup trucks and sport utility vehicles as it grapples with plummeting sales of those products.

General Motors Corp is postponing redesigning its SUVs and full-sized trucks as it shifts its product portfolio toward more fuel-efficient vehicles, the Wall Street Journal reported in its online edition on ...

General Motors Corp. is planning to announce a multiyear partnership with Carnegie Mellon University to develop a new motor vehicle technology.

Magna International Inc. will cut 400 jobs at a plant in St. Thomas, Ont., becoming the latest company to be hit by a sharp downturn in demand for pickup trucks that's affecting major automakers such as General ...

General Motors Corp. shares fell to a 52-week low Wednesday after a Deutsche Bank analyst lowered his sales forecast through 2010 and said the big automaker will need further restructuring as customers continue ...

GM confident in Volt launch after battery tests DEARBORN, Michigan June 16, 2008; Kevin Krolicki writing for Reuters reported that General Motors Corp is confident it will be able to deliver the all-electric ...

Posted Jun 17th 2008 2:58PM by Sam Abuelsamid Filed under: Hybrid , Chrysler , Dodge Chrysler has apparently been watching the lukewarm sales of the Chevy Tahoe and GMC Yukon hybrids and taken the lesson to ...

General Motors Corp., in the midst of another major downsizing, can't move quickly enough to keep up with demand in one area of the U.S. auto market that's actually growing.

General Motors Corp. and the Canadian Auto Workers union plan to hold talks over the automaker's plans to close its Oshawa truck plant.

NEW YORK - General Motors Corp., the largest U.S. automaker, returned to full production Monday for the first time since a three-month strike at its biggest axle supplier shut or partially idled about 30 North ...

A Canadian Auto Workers official says an almost two-week-long blockade at a GM Canada plant in Oshawa, Ontario, is over.

General Motors says its new incentives offered to members of the military are the best from any automaker.

Detroit is finally getting the message. General Motors has announced it will close four truck plants and seek a buyer for its Hummer division.

General Motors Corp. executives believed that prices at the pump would stay low and were loath to part with the profits they reaped from selling big SUVs.

General Motors Corp said on Wednesday it was partnering with Clean Energy Fuels Corp on a new hydrogen refueling station in Los Angeles that the companies hope will be the first of many.

General Motors Corp.'s European arm said today that a strike by Spanish truckers will cut production by about 200 cars due to a parts shortage at one of its plants in Germany.

DETROITChrysler LLC said Thursday it would list its used car inventory on eBay Inc , following a pioneering tie-up between General Motors Corp and the online auctioneer announced early this year.

The Delphi Packard Electric Systems plant in Brookhaven is eliminating one of its three work shifts at the end of this month.

As if high gas prices, a weak economy and a strike by a major supplier weren't enough to drag down Hummer's sales, Hummer dealers are now reeling from the news that General Motors Corp.

Kirk Kerkorian said he wanted to buy more shares of Ford Motor Co. -- and he got a billion chances to do so.

General Motors Corp. and Clean Energy Fuels Corp. announced Clean Energy will open a hydrogen fueling station in Los Angeles with support from GM.

Automakers including General Motors Corp. should be required by the Canadian government to match their domestic output of cars and trucks with the number of autos they sell in the country, the Canadian Auto ...

General Motors Corp. and the Ontario government are in discussions about adding a third car line at the automaker's truck plant in Oshawa, Economic Development and Trade Minister Sandra Pupatello said ...

Even in northern Wisconsin, where midsize sport utility vehicles are as common as deer, people are starting to abandon them because of high gasoline prices.

DETROIT (Reuters) - General Motors Corp has raised cash rebates on some of its large sport utility vehicles and pickup trucks to a total of up to $6,000 in the face of falling U.S. sales.

The increased incentives of as much as $4,000 cash back were being offered to current GM vehicle owners on models such as the Chevrolet Tahoe and Suburban SUVs, and up to $3,000 on pickup trucks such as the Chevrolet Silverado pickup.

The owner loyalty incentives also cover hybrid versions of the Tahoe and the GMC Yukon, the first time GM has offered any incentives on those large hybrid SUVs, it said.

Posted Jun 10th 2008 9:28AM by Jeremy Korzeniewski Filed under: Hybrid , Chevrolet , GMC Click the Tahoe hybrid for a high-res gallery To go along with the advertising push that General Motors is planning on ...

Dyadem today announced that General Motors has selected Dyadem's Stature platform to manage quality across its engineering and manufacturing divisions globally.

General Motors of Canada Ltd. said Monday it will act to end the blockade of its Oshawa, Ont., head office by employees angered over its announcement last week that it will cease production next year of pickup ...

General Motors Corp. said Monday it had started a new phase of hiring in anticipation of thousands of hourly workers departing the company after accepting buyouts under last year's labor agreement.

I hooked up my accelerator to my brake lights. I hit the gas, people behind me stop, and I'm gone.

The U.S. Supreme Court has ruled unanimously that a whistleblower law intended to expose fraud can be applied to subcontractors and other indirect recipients of federal funds.

As gas prices surge toward $5 a gallon, sales nationally of big SUVs and pickup trucks are in a steep decline.

General Motors workers fighting the pending closure of a major truck assembly plant in southern Ontario said they plan to keep a high profile without breaking the law as they escalate their protests in coming ...

You can put canola oil in a Cadilac . You can almost get an Escalade with a hybrid powertrain .

The segment-topping vehicles include the Chevrolet Silverado LD assembled at the General Motors Corp.

However, overall Canadian sales of autos and light trucks remained strong at 184,467 vehicles last month - slipping a mere 0.5 per cent from a record high May in 2007 and well above the 175,500 sold in April, ...

AUTO INDUSTRY REPORTER; gkeenan@globeandmail.com ; With files from Karen Howlett Even as the Canadian Auto Workers union was negotiating its new labour contracts with the Detroit Three this spring, the U.S. ...

General Motors Corp. could make a $1 billion investment in the Flint community. The United Auto Workers union says part of the automaker's revised restructuring plan not only brings new work to the area, but ...

MORAINE, Ohio -- General Motors Corp. was making its last Isuzu Ascender at the Moraine Assembly plant on Friday, June 6. It results from a decision that Isuzu announced months ago to end distribution of ...

A JPMorgan analyst said Wednesday automotive carloads are not likely to improve for North American freight railroads over the next several quarters, a day after General Motors Corp.

Workers from Butler, Warren and Hamilton counties to be affected by GM plant closure in Moraine There's a new casualty tonight in our struggling economy.

Ken Thompson never had much trouble selling Silverado pickups at Classic Chevrolet in Grapevine, Texas, the largest US truck dealership.

The General Motors truck plant in Oshawa that it plans to close next year, produces the highest quality large pickups in North and South America, according to a leading industry study.

A Dayton, Ohio-area plant that makes diesel engines for heavy-duty trucks and vans plans to lay off 290 hourly workers indefinitely because of production cuts at General Motors Corp.

Detroit automakers - and Chrysler in particular - nearly erased the North American productivity gap with their Asian rivals in 2007 thanks to worker buyouts, leaner plants and other improvements, but they still ...

Canadian Auto Workers Union President Buzz Hargrove will meet General Motors Corp.

SHREVEPORT - The General Motors plant in Shreveport will remain open and continue work on the new Hummer H3T pickup, a company spokesman said Tuesday after the automaker announced it is closing four other ...

Ken Thompson never had much trouble selling Silverado pickups at Classic Chevrolet in Grapevine, Texas, the largest U.S. truck dealership.