GM to taxpayers: Sorry we had to ask, but thanks for the money
The last few weeks may have been some of the worst in GM’s 100-year history. Sales have tanked, CEO Rick Wagoner faced a firing squad in Washington — twice — and a CNN poll showed that 61% of Americans didn’t want to the automaker to get… Continue reading
GM asks Congress to kickstart its heart with ambitious plan
General Motors has just revealed the plan it has submitted to Congress today, and the details show just how far the largest U.S. automaker is willing to go in order to secure bridge loans from the federal government. The plan includes selling Saab, possibly killing Saturn… Continue reading
Hyundai: Newest Chrysler suitor?
On the same day that General Motors announced it would be discontinuing talks with Cerberus over a possible purchase of Chrysler, news hits by way of Reuters that a replacement suitor has sprung up. Wow, that didn’t take long. The latest partner… Continue reading
BarretJackson And The Futureliner It’s About Time
If you’ve ever seen an abandoned old hulk of a truck lying in a field somewhere and thought, what a shame, someone should restore that thing, you’re not alone. Fortunately, some people actually do. In most cases the cost of restoration far outweighs the value of the vehicle. But every once in a while, the… [...]
Isuzu plans U.S. truck comeback
Isuzu Motors Limited is planning to build a plant for mid-size trucks in Alabama, according to Nihon Keizai Simbun, a Japanese newspaper.
The Japanese truck maker recently purchased land for $7.8 million in Birmingham, which was previously occupied by a warehouse of Del Monte Foods, the story said.
The company expects to start… Continue reading
Federal loans could breathe new life into GM’s RWD vehicles
Just this week the $25 billion federal loan package was approved for the car industry, and already insiders are hinting that the extra cash could revive plans for GM’s rear-wheel drive Alpha platform. Movement toward more RWD models had been shelved on… Continue reading
Wagoner: $25 billion sounds good to me
At a press conference on Thursday, shortly after announcing plans for a new engine plant in Flint, Michigan, General Motors CEO Rick Wagoner said his employer, “should be able to put to good use its portion of a $25 billion government loan Continue reading
Oil Cartel And Washington D.C.
Often you will hear anti-sentiments of disenchanted Democrats complain about the Leadership of our nation, claiming those oil people do not care about us. The government and Oil Companies are a giant cartel they will tell you. Indeed they also will add in other large corporations and Industries and the longer you listen to them… [...]
Saturn Sky: Sneak Peek
Somebody at General Motors must love Saturn. One hundred year old Oldsmobile was killed off in favor of bringing the Saturn brand in-house. Up until the early part of this decade, Saturn was a separate automaker, wholly owned by GM. Now, as… Continue reading
2008 Saturn VUE: Inspired By Opel
General Motors? Saturn division is hard at work on building a replacement for its small SUV, the Saturn VUE. Currently based strictly on U.S. technology, the 2008… Continue reading
