Posted in Automotive, Chevrolet, Compact cars, GM, Pontiac on Jul 17th, 2008
Lordstown, Ohio and the entire Northeast Ohio area’s economy is struggling like many other smaller cities across the U.S. Jobs are few and far between, homes aren’t selling and talk of closing the GM plant in Lordstown has caused locals to seriously worry about their futures. Area residents have heard rumors for a few years […]
Posted in Automotive, GM on Jul 15th, 2008
GM CEO Rick Wagoner announced this morning that the company will suspend its common stock dividend and cut white-collar employment costs by 20 percent in the newest restructuring to try and keep the company’s head above water. GM will also sell up to $4 billion in assets and borrow at least $2 billion to help […]
Posted in Automotive, GM on Jul 9th, 2008
Although GM isn’t faring too well here in America, buyers overseas love them. GM said Wednesday it saw record sales of nearly 1.2 million vehicles in Europe in the first six months of this year, reports the Detroit News. That is a three percent increase over last year. GM’s sales increased 58 percent in Eastern […]
Posted in Automotive, car buying incentives, Chrysler, Financing, Ford, GM on Jul 7th, 2008
The Detroit Big Three are extending sales and promotions, increasing rebates and offering low or no interest financing to get car shoppers in the doors of their dealerships in the hopes of selling their vehicles. All three are suffering in the sales department and are hoping that recent incentives will help. Last week, Chrysler extended […]
Posted in Automotive, GM on Jul 7th, 2008
Although GM has not announced anything yet, the AP and USA Today are reporting that the company may cut more white-collar jobs, possibly get rid of some brands and quickly introduce more small cars into the U.S. market. A person familiar with the company’s discussions said Monday that all the options are being considered as […]
Posted in Automotive, Financing, GM on Jul 1st, 2008
General Motors has extended its 72-hour sale until July 7. Qualified buyers can get 0% financing for loans as long as six years (72 months) on most 2008 models. GM’s most popular models, like the Chevy Malibu and Cadillac CTS, will not be included in the promotion, nor will any hybrid vehicles. A full list […]
Posted in Automotive, Financing, Ford, GM, Honda, Toyota on Jul 1st, 2008
GM, Ford and Toyota all had double-digit sales declines in June, as car shoppers leaned toward small, fuel-friendly cars, reports The Detroit News. On the flip side, Honda was able to pull off an 11.4 percent gain for the month. GM, although down in sales, held onto the top spot as the U.S.’s number one […]
Posted in 0% Financing, Automotive, Financing, GM on Jun 23rd, 2008
General Motors announced today that their 72-hour sale will kick-off tomorrow, offering huge incentives to help clear out 2008 inventory. GM will offer 0% financing for loans as long as six years on most 2008 models. The sale will only last from Tuesday, June 24 through Monday, June 30. GM’s most popular models, like the […]
Posted in Automotive, Chrysler, Financing, GM, Hybrids on Jun 17th, 2008
Pricing became available today for Chrysler’s new hybrid SUVs and it seems they will be about $5,000 cheaper than GM’s hybrid models that use the same technology. The Detroit News reports that the 2009 Dodge Durango hybrid will start at $45,340 and the Chrysler Aspen hybrid will start at $45,570, Chrysler said today. GM’s comparable […]
Posted in Automotive, Chrysler, Ford, GM on Jun 17th, 2008
Detroit’s Big Three automakers signed a deal yesterday with the Chinese government that will allow them to ship $2.2 billion in vehicles and parts to China, most of which are made in the U.S., reports the Detroit News. GM is exporting $1 billion in U.S.-built vehicles and parts, primarily Cadillacs, to China, over the next […]
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