GM viability plan

Report: Last Pontiac Solstice Rolls Off Assembly Line as GM Closes Another Plant

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Report: Last Pontiac Solstice Rolls Off Assembly Line as GM Closes Another Plant
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Earlier this week General Motors officially turned off the lights and locked the doors at its Boxwood Road assembly plant for the last time, marking the end of the line for the Pontiac Solstice and Saturn Sky. The two vehicles (along with the Opel GT) were manufactured at the plant in Wilmington, Delaware, which is… Continue Reading...

New GM Emerges from Bankruptcy

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New GM Emerges from Bankruptcy
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Today the sun rose on a New General Motors, a move which will also see the sun set on a lot of people’s careers. GM emerged from bankruptcy protection at 6:30 a.m. Eastern Time with news of a serious corporate restructuring plan that will take effect over the next few months. Due to leadership (and… Continue Reading...

GM Looks to Exit Bankruptcy Court By Thursday as Asset Sale Approved

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GM Looks to Exit Bankruptcy Court By Thursday as Asset Sale Approved
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Late Sunday a judge approved the sale of GM’s assets to a group comprised of the U.S. government, the UAW and the Canadian and Ontario governments under the name NGMCO, Inc. The decision will see GM exit bankruptcy court quickly with the ‘New GM’ assets going to NGMCO, while the ‘Old GM’ assets will be… Continue Reading...

Magna Bid to Buy Opel May Fall Through as GM Poised to Sign Agreement With Rival Bidder

Magna Bid to Buy Opel May Fall Through as GM Poised to Sign Agreement With Rival Bidder
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After continued rumors that General Motors was still shopping-around its European Opel operations, it appears as though a new buyer has been found. RHJ International, a Belgian company has been cited as the latest bidder and apparently a tentative deal could be signed by the end of the week. Initially Opel was slated to be… Continue Reading...

Chinese Government to Block Sale of Hummer

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Chinese Government to Block Sale of Hummer
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According to a report on Chinese state radio, the sale of Hummer by General Motors to heavy-equipment manufacturer Tengzhong will not go ahead. The report on China National Radio states that Tengzhong’s acquisition of Hummer goes against the government’s efforts to reduce pollution by manufacturing companies in China. Tengzhong released a statement in response to… Continue Reading...

GM Forcing Last Cadillac Dealer in Detroit to Close

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GM Forcing Last Cadillac Dealer in Detroit to Close
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Dalgleish Cadillac, the only remaining Cadillac dealer in the city of Detroit, is being forced into closure next year as a part of General Motors’ restructuring plan. This isn’t just sad because the dealership has been selling Caddy’s in Detroit since 1954. And its symbolism extends beyond GM’s current problems or even the company’s 100… Continue Reading...

Pontiac Stops Vibe Production Early

Pontiac Stops Vibe Production Early
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Contrary to recent reports that the Vibe would be the sole Pontiac model to continue on into 2010, General Motors has now decided to end production of the utilitarian vehicle early. Production of the Vibe at the GM/Toyota joint-venture New United Motor Manufacturing Incorporated (NUMMI) facility will end this August. Several weeks ago GM’s interim… Continue Reading...

There’s Still Hope for the Pontiac G8

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There’s Still Hope for the Pontiac G8
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There is hope, be it ever so slight, that the Pontiac G8 may live on even though the brand it’s attached to is most certainly slated for elimination. “I know there’s still discussions on it,” GM’s product boss Tom Stephens told Automotive News, giving some hope to the legions of G8 fans that haven’t had… Continue Reading...

General Motors to Cut Number of Cadillac Dealers

General Motors to Cut Number of Cadillac Dealers
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The long list of General Motors dealerships got a lot shorter recently, but it will get shorter still as the company has made known plans to reduce the number of Cadillac dealerships in its network. “Our current footprint of 1,400 Cadillac dealers, most of which are dualed, is out of sync with modern luxury automotive… Continue Reading...

General Motors Agrees to Sell Saturn Brand to Penske

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General Motors Agrees to Sell Saturn Brand to Penske
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General Motors has reached an agreement with the Penske Automotive Group on the sale of its Saturn brand. An official announcement is expected to be made by both parties later today. The Penske Automotive Group was thought to be one of the front-runners in the bidding war, which also reportedly included Nissan/Renault, Mitsubishi and investment… Continue Reading...
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