Indonesia has long been touted as one of the next major emerging markets, and only four years ago, GM was set to make a major push in the Southeast Asian nation. But in a major about face, GM is essentially giving up on Indonesia, ending an 80 year manufacturing presence and transitioning solely to a sales and marketing arm.
Tag: general motors
Facing growing dealer inventories, General Motors is cutting back production at two of its plants to adjust supply and demand.
Though the UAW would like to see wages go up as part of its upcoming talks with the Detroit Three, it also wants for the automakers to remain competitive.
In the next year or so, vehicle-to-vehicle communication will be seen as a breakthrough technology, per the Massachusetts Institute of Technology.
As of this Monday, the compensation fund set up by General Motors in the wake of the February 2014 ignition switch recall received 75 more claims.
While Harry J. Wilson wants General Motors to buy-back $8 billion in shares, Warren Buffett and George Soros have boosted their stakes in the company.
It’s not a difficult task. Let’s just do the Cadillac maths as if the Escalade no longer exists. It does, and it surely will, but let’s exclude it for the sake of establishing a different perspective.
• Cadillac cars down 7% in January
• Escalade up 136%; ESV up 189%
• Cadillac brand up 2.6% in January
In the U.S. last month, Cadillac’s car division was down 7%. The ATS slid 8%, the ninth consecutive year-over-year monthly decline for the small Cadillac.
Should a federal judge decide General Motors acted in the wrong during bankruptcy proceedings, the automaker may see its protections considerably narrowed.
In September, we told you the Chevrolet SS didn’t sell as often as the dreadfully unpopular Cadillac ELR in August, the first time the SS failed to do so during the period of coexistence.
They tied in September before the ELR outsold the SS again in each of the following months.
In December, we told you that Chevrolet SS volume slid to a new low in November. With only 105 sales, the SS was outsold by ultra-rare cars like the BMW i8, Nissan GT-R, Volkswagen e-Golf, and yes, the Cadillac ELR.
Yet during the month of December, SS volume fell to yet another new low. Only 93 were sold, a 61% drop. (Read More…)