Posted in Automotive, GM on Aug 26th, 2008
Look at the car above. Pretty nice right? I mean, here is a car that one can really lust for, right? But what if I were to tell you that this was a Buick. How is your pulse now? Buick is on a renaissance these days. Obviously somebody up at Buick upper management is […]
Posted in Automotive, Cars For Commuting, Chevrolet, Compact cars, GM on Aug 21st, 2008
This car has to succeed. General Motors is in no shape to be able to handle this car flopping. The Chevrolet Cruze has to make it, it has to sell. That’s because the new Cruze replaces the Cobalt and is now prime set to become GM’s bread and butter in the new automotive landscape that […]
Posted in Automotive, Cars For Commuting, Cars for families, GM, Hybrids, Luxury vehicles, SUV on Aug 11th, 2008
Big SUV’s. They really are popular aren’t they? Why they are big, safe, and secure and they give you a feeling of superiority while driving, which instills confidence. They also drink more than a sailor, which is why SUV’s have been targeted as enemy numero uno by the automotive universe. GM is about to change […]
Posted in Automotive, Chrysler, Financing, Ford, GM on Aug 6th, 2008
Experts say that the Big Three might be forced to file for bankruptcy, while the automakers adamantly argue they have enough money and bankruptcy is not an option. So which is it? Everyone knows that GM, Ford and Chrysler are losing money and sales are down big time. All three companies have recently cut staff […]
Posted in Automotive, GM on Aug 1st, 2008
GM said today its losses amounted to $15.5 billion in the second quarter as North American sales plummeted and the company faced expenses due to labor unrest and its massive restructuring plan, reports the AP and MSNBC.com. This loss is the third-worst quarterly loss in GM’s history. In the same period a year earlier, GM […]
Posted in Automotive, GM on Jul 31st, 2008
GM plans to cut 15% of its salaried workers in the U.S. and Canada by Nov. 1 as part of the company’s plan to slice $15 billion in costs and help the automaker ride out a slump in U.S. sales, reports the AP and USA Today. The 15% cut will equal about 5,100 jobs. GM […]
Posted in Automotive, Financing, GM on Jul 30th, 2008
General Motors will stay in the leasing business through August, but hasn’t committed beyond that, the company told dealers in a letter Tuesday, reports the Detroit News. After next month, “we don’t know the answer,” company spokeswoman Susan Garontakos said. The August guarantee should help dealers find leasing options for their customers amid tighter credit […]
Posted in Automotive, Financing, Ford, GM, Leasing on Jul 29th, 2008
Ford informed its dealers that it is raising the price on leases of its most profitable trucks and SUVs due to the “extreme losses” its lending arm is taking on these vehicles, reports the Wall Street Journal. Also, GMAC LLC, which is minority-owned by General Motors Corp., has decided to stop leasing to consumers who […]
Posted in Automotive, GM, Toyota on Jul 28th, 2008
Toyota announced Monday it is cutting its 2008 global sales forecast by 350,000 units to 9.5 million vehicles because of a pronounced downturn in the U.S. market, a rare setback for the world’s biggest automaker, reports the AP and USA Today. “The main reason for the change came from the faltering U.S. economy, and how […]
Posted in Automotive, car buying incentives, Financing, GM on Jul 25th, 2008
GM is trying a different tactic to help sell its vehicles. The company is offering employee discounts to nonemployees on a limited basis, reports the Wall Street Journal. GM employees received an email Thursday letting them know they can give one employee discount to anyone they choose from now until Thursday, July 31. “During this […]
{/literal}