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Pontiac News

News on Pontiac continually updated from thousands of sources around the net.

19 hrs ago | WOOD-TV Grand Rapids

General Motors COO says US auto industry is in a recession

“We're starting to think that perhaps the trough of this downturn is going to occur in the second quarter”

The U.S. auto industry is in a recession, General Motors Corp. President and Chief Operating Officer Fritz Henderson said Tuesday. via WOOD-TV Grand Rapids

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Related Topix: Cadillac, Saturn, Buick, Chevrolet

Yesterday | LivingstonDaily

STATE: GM resumes production at 5 plants hit be Axle strike

“If they are going to be short of the Malibu, then the Impala becomes even more important”

General Motors Corp. on today restored production at five plants that had been affected by an 11-week strike at supplier American Axle & Manufacturing Inc. via LivingstonDaily

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Related Topix: Geo, Cadillac, Chevrolet

Yesterday | IndustryWeek

GM to Close Canadian Assembly Plant in 2010

“We have worked extensively with our labor and government partners but have been led to the unavoidable conclusion that there are no available replacement products in the relevant timeframe for this location”

General Motors of Canada announced on May 12 that its Windsor transmission plant will close in the second quarter of 2010, leaving 1,400 workers without jobs. via IndustryWeek

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Monday | Chicago Tribune

Cars, events being lined up for GM's 100th anniversary

“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 Chicago Tribune

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Related Topix: Cadillac, Saturn, GMC, Oldsmobile, Chevrolet

Sunday May 11 | El Paso Times

GM pledges $200 million to end strike

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

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Related Topix: Cadillac, GMC, Buick

Saturday May 10 | Detroit Free Press

GM site to resume work

“This well-capitalized, family investment firm is able to take a long-term view of its investments -- unlike many publicly traded companies”

General Motors Corp. said Wednesday it will resume first-shift production at its Wentzville, Mo., stamping and assembly plants starting Monday. via Detroit Free Press

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Related Topix: Oldsmobile, Cadillac, Buick, Chevrolet

Thursday May 8 | Anchorage Daily News

GM buys its Detroit headquarters for $626 million

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

Published: May 8th, 2008 07:53 PM Last Modified: May 8th, 2008 07:53 PM General Motors Corp. via Anchorage Daily News

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Thursday May 8 | Journal Gazette

GM to pay up to $200 million to help end American Axle strike

“We believe the offer will help bridge the gap between American Axle and the UAW and that they will be able to reach a mutually satisfactory agreement in the near future”

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. via Journal Gazette

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Thursday May 8 | Bizjournals

Production to resume Monday at GM's Wentzville assembly plant

St. Louis Business Journal - by Matt Allen Regular production at General Motors Corp. via Bizjournals

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Related Topix: Cadillac, Saturn, GMC, Buick, Chevrolet

Thursday May 8 | Detroit Free Press

Troubled offspring cost GM

“But there are some things we can build on”

General Motors Corp. might become a happy, profitable car company, if only the old family members that GM sold or spun off would stop coming back to bleed Big Daddy of more cash. via Detroit Free Press

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