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General Motors to Reduce Dealership Network by 1,124

General Motors to Reduce Dealership Network by 1,124

General Motors will cut 1,124 dealerships loose by October of 2010. The struggling automaker on the verge of bankruptcy sent letters out to the dealerships last week as it searches for ways to reduce it’s current dealer network of 5,969 to just 3,600. GM says it will not renew dealership agreements with the 1,124 companies…

Pontiac Solstice and Saturn Sky Not Dead Yet

Pontiac Solstice and Saturn Sky Not Dead Yet

It’s not exactly the sort of news worthy of a celebration, but some cautious optimism is certainly appropriate as word comes that the Pontiac Solstice and Saturn Sky might not suffer the same fate as almost every other fun vehicle under the General Motors umbrella. Fritz Henderson, GM’s new CEO said that the company would…

General Motors Cuts More High-Performance Models

General Motors Cuts More High-Performance Models

Late last week we reported that GM was ceasing production of the Cobalt SS Sedan and now the automaker has confirmed several other performance models will get the axe. That’s right, the latest vehicles to face the guillotine in this French Revolution-style automotive bloodbath are three (or four depending on how you look at it)…

General Motors Posts $6 Billion Q1 Loss

General Motors Posts $6 Billion Q1 Loss

General Motors has once again posted a massive quarterly loss, coming up short to the tune of $6 billion for Q1 of ’09. That is roughly the equivalent of the value of 473,000 Chevy Aveos. The company burned through $10.2 billion during the period, lowering its cash reserves to $11.6 billion from $14.2 billion at…

Pontiac Dealer Wants to Buy Brand, GM Not Interested

Pontiac Dealer Wants to Buy Brand, GM Not Interested

Jim Waldron, the owner of a Pontiac dealership in Michigan has revealed that he and a group of investors submitted an offer to buy the scheduled-for-termination Pontiac brand from GM. Waldron made the announcement on ABC’s local WJRT station and said that he expects to hear back from the company this week. GM representatives, including…

General Motors Looking To Toyota For A Shared Platform To Replace Vibe

General Motors Looking To Toyota For A Shared Platform To Replace Vibe

With news today that the Pontiac brand will in fact be eliminated, General Motors is eager to get working with Toyota to build a new shared platform to replace the Vibe. The Vibe is to GM what the Matrix is to Toyota, and both models come from an evenly shared joint venture known as New United…

R.I.P. Pontiac: General Motors Kills Iconic Brand

R.I.P. Pontiac: General Motors Kills Iconic Brand

As we reported last week, General Motors has indeed made the decision to kill the Pontiac brand. The news comes as a part of a new viability plan (yes… another one) submitted to the federal government today. The new plan will see Pontiac eliminated by the end of 2010, but that’s not all… not by…

General Motors to Eliminate Pontiac Brand on Monday

General Motors to Eliminate Pontiac Brand on Monday

As the saying goes, “It’s all over but the crying.” Edmunds is reporting that its source inside General Motors has let slip that the Pontiac brand will officially be eliminated. The announcement is expected to be made next Monday as a part of a more thorough reorganization of the struggling automaker. General Motors PR rep…

General Motors To Idle Plants for Two Months This Summer

General Motors To Idle Plants for Two Months This Summer

Several major news outlets are reporting that General Motors is planning extended shutdowns of its U.S. plants this summer. The plants would be idled for as much as nine weeks from mid-May through July. While it is common practice for plants to idle for a “summer break” during the sunny season, that period has traditionally…

General Motors May Cut Pontiac and GMC After All

General Motors May Cut Pontiac and GMC After All

When General Motor’s first submitted it’s viability plan to the Obama Administration, Saab, Hummer and Saturn were put on notice, while other brands like Pontiac and GMC (as well as Chevy, Buick and Cadillac) were guaranteed to stay on. There are no guarantees in an economy like this, however, and so both Pontiac and GMC…

Obama Gives GM/Chrysler Bankruptcy Deadlines

Obama Gives GM/Chrysler Bankruptcy Deadlines

Just ahead of the Obama Administration’s press conference today, some of the most important details are already out. General Motors is to be given 60 more days to complete its restructuring plan, while Chrysler is being given just 30 days to finalize a partnership with Fiat. This news comes as both fumbling U.S. automakers are…

General Motors CEO Rick Wagoner Quits: Restructuring FAIL

General Motors CEO Rick Wagoner Quits: Restructuring FAIL

General Motors CEO Rick Wagoner will be stepping down as the head of the deeply troubled American auto giant by the end of the month – this according to several reports including CNBC and GMInsideNews. Wagoner apparently did not come to the decision on his own and while he was not “forced” he was apparently…

Lingenfelter Launches 505hp Package for Pontiac G8 GT

Lingenfelter Launches 505hp Package for Pontiac G8 GT

With General Motors recently announcing a hold on any future performance vehicles, speed freaks will have to go elsewhere. And where better to go but to one of the most trusted named in the aftermarket, Lingenfelter? Best known for modifying Corvettes, the Indiana-based tuner has just released a complete package for the new Pontiac G8…

Saturn, Saab and Hummer.. Your Days Are Numbered

Saturn, Saab and Hummer.. Your Days Are Numbered

Along with asking for $16.6 billion more in loans from the Federal Treasury, General Motors has made it clear that Saturn, Saab and Hummer will be sold off or eliminated. GM has made it clear that Hummer is for sale if anyone is interested, and the same can be said for Saab, if the Swedish…

GM Performance Package gives Solstice, Sky and HHR 290 HP and Up To 340 ft-lbs of Torque

GM Performance Package gives Solstice, Sky and HHR 290 HP and Up To 340 ft-lbs of Torque

General Motors is now offering a dealer-installed performance upgrade for the Pontiac Solstice GXP, Saturn Sky Redline and Chevy HHR SS, that will give the cars almost 300hp and more than 300 ft-lbs of torque. All three vehicles share the turbocharged 2.0-liter direct-injection four-cylinder engine that makes 260hp and 260 ft-lbs of torque. Thanks to…

Pontiac G6 Family Gets a Refresh

Pontiac G6 Family Gets a Refresh

Since its introduction in 2004, the G6 family has been a best seller for the Pontiac brand. In the hopes of keeping the car relevant, Pontiac has decided to give it a series of mid-cycle updates. Interestingly, the refresh also comes mid-year, so the updated G6’s will be classified as 2009.5 models. NEW LOOK The…

Welcome to the AutoGuide.com News Blog

Welcome to the AutoGuide.com News Blog

Welcome to the AutoGuide.com News Blog, your comprehensive source for breaking automotive news. Our staff of writers and contributors will keep you updated on all aspects of the auto industry, from vehicle unveilings, to concept cars, to news from auto shows, the aftermarket and the world of motorsports. The AutoGuide.com News Blog complements the in-depth…