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Tag Archives: general motors
Software Lightens Hardware
The new design technology provides significantly more vehicle mass reduction and parts consolidation opportunities that – it’s said – cannot be achieved through traditional design optimization methods. Continue reading
GM CAMI Strike Talks Still Stalled
“If you want to see what a NAFTA-caused race to the bottom looks like, go to Ingersoll, Ontario,” said Jerry Dias, National President of Unifor. “In that picturesque town west of Toronto, workers at the CAMI automotive plant are on strike over a reasonable proposal that their employer, General Motors of Canada, refuses to accept. – enhanced job security language.” Continue reading
Posted in economy, labor issues, news analysis
Tagged autoinformed.com, CAMI, Chevrolet equinox, general motors, Ken Zino, unifor, Unifor local 88
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Maven Gig Expands to San Francisco
By 2020, an estimated 43 % of the U.S. workforce will be made up of freelance workers. The nature of employment is changing, as corporations continue to shed middle class jobs. Maven Gig claims it is a “nimble platform that will grow and adapt with the shift.” Continue reading
Posted in economy, marketing, news analysis
Tagged autoinformed, autoinformed.com, general motors, Ken Zino, Maven Gig
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NYAS: Regal Returns as – What Else? – a Crossover
The former Detroit Big Three can’t give away a car, but are basking in the strong sales sunshine of pickup trucks (no Buick thus far?), SUVs and crossovers. The much Diminished Big Three – held 43.8% of the U.S. March vehicle market, down from 46% last month – despite an ongoing boom in light truck and crossover sales, slipping from 44.5% last March. Continue reading
GM files SEC Paperwork to Ease Share Sales
GM said in a statement that is not currently aware of any specific plans regarding an offering by any selling shareholders. When selling shareholders make an offering during the next three years, the terms would be established at the time of offering and described in a prospectus supplement filed with the SEC. GM will not receive any of the proceeds of sales of common stock or warrants by the selling shareholders in the shelf registration statement. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, general motors, Ken Zino, u.s. treasury
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General Motors U.S. Sales Up 6% in March, Outpacing Market
General Motors sold 245,950 vehicles in the United States in March, up 6% compared with a year ago. Retail sales increased 4%, fleet sales were up 12%, with the fleet mix at 27% of total sales. As a result, GM retained its position as the sales leader in the U.S. ahead of Ford Motor and Toyota Motor, respectively.Sales of GM crossovers were up 31%; trucks, which include pickups, vans and SUVs, were up 2%; and car sales were down 3% as high volume large pickup sales were up 6%. Continue reading
Posted in auto news, sales
Tagged auto informed, autoinformed.com, automotive news, general motors, gm sales, Ken Zino
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General Motors U.S. Sales Slow in December as Market Picks Up
General Motors posted the company’s highest December sales in five years, as well as its best retail month during all 2012, with deliveries up 5% to 245,733 vehicles year-over-year. Nevertheless, it wasn’t enough to keep up with the rate of growth in the overall market of 9% as big months from Toyota (+9%) and Honda (+26%) skewed the data a bit. Some of the Japanese gains were explained by the recovery from the tsunami and earthquake disasters and ensuing production disruptions more than a year ago, but not all. “Not all” is the question that should be much on the minds of GM executive this year, which will see an ongoing jobless recovery and a battle royal in the marketplace. Continue reading
Posted in auto news, news analysis, sales
Tagged 2012 sales, auto informed, autoinformed.com, automotive news, general motors, GM, Ken Zino
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French Government Backs €7 Billion in PSA Peugeot Citroën Debt
The French State will provide up to €7 billion in refinancing guarantees for new bond issues during the 2013-2015 period. It is the latest example of a taxpayer bailout of an ailing auto company facing increasingly limited credit options in the private capital markets, if they now exist at all. The subsidy is subject to EU approval by the Competition Commission in Brussels, and is vehemently opposed by the German state of Lower Saxony, the second largest owner of VW, the largest automaker in Europe by far. Continue reading
Anti Nuke Group Wants GM Peugeot to End Iran Business
If GM CEO Dan Akerson thought the Chevrolet Volt was a political football, one can only imagine what he thinks about Peugeot and the Iranian nuclear weapons controversy. GM only wants to share logistics, platforms and purchasing with the French company, but is now being told it is “unacceptable for GM to enter into a partnership with a company that so openly deals with a regime that is responsible for the deaths of U.S. and NATO servicemen and threatens U.S. and global security.” Continue reading
Ex HP Exec to Head GM’s Global Information Technology
The latest senior executive change follows the appointment last week of insider Jon Lauckner, 54, as vice president and chief technology officer. Both appointments are crucial to GM’s ongoing recovery. Less obvious to automotive media, though, is the importance of IT in a global corporation of GM’s size and complexity. Continue reading
Posted in auto news, news analysis, people
Tagged auto informed, autoinformed.com, automotive news, cio, cto, general motors, Jon Lauckner, Ken Zino, Randy Mott
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Toyota Projects 20% 2012 Sales Rise. Ichiban Again?
Both General Motors Company and Volkswagen Group, at more than 8 million vehicles each, will outsell Toyota’s 2011 sales tally of fewer than 8 million in a record global market of 75 million vehicles. Continue reading
GM Q3 Earnings of $1.7 Billion, Most from North America
Virtually all of the Q3 earnings came from North America – $2.2 billion, where Japanese competitors were largely out of the market during the period because of the Japan earthquake, which allowed GM to increase prices. GM Europe lost money; GM South America broke even; and International Operations – home of the booming China market – made $400 million. Continue reading
General Motors Target Automaker in UAW Contract Talks
Gary Jones, of course is under an investigation by the FBI in the fraudulent diversion of Funds from FCA Fiat that were supposed to support UAW worker training. He refused to stand down as president during the contract talks as criminal investigations ensue. Continue reading →