Tag Archives: general motors

Fasten Your Seat Belt – General Motors Files RICO Lawsuit Against Fiat Chrysler Automobiles

In GM’s view FCA was the sponsor of “pervasive wrongdoing, paying millions of dollars in bribes to obtain benefits, concessions, and advantages in the negotiation, implementation, and administration of labor agreements over time.” Continue reading

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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

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Inside Job – Mark Reuss Named General Motors President

Reuss once kicked the author’s butt at a closed track in New York State. It’s surprising when the North American president of an auto company appears at a race track to drive a car he worked on as an engineer. It’s embarrassing, though, when he’s as fast, well frankly faster, than any hot shoe out there. I was looking at Reuss’s taillights – in the distance. (see AutoInformed on Driving the Cadillac CTS-V Coupe) Continue reading

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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

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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

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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

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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

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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

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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

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General Motors U.S. Sales Slow in December. Market 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

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French Government Backs €7B 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

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Chevrolet Picks new JV for Global Advertising Agency

Chevrolet has selected Commonwealth as its new global advertising agency responsible for the development of creative campaigns for all types of Chevrolet ads. The latest marketing move at GM follows the announcement in January that the world’s largest automaker is consolidating all of its media buying under Carat, formerly its European agency of record in what was said to be a highly contested review of the $3 billion General Motors media account. Continue reading

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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

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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

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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

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