Tag: GM

By on August 12, 2016

General Motors #AMERICA

General Motors hopes to avoid paying up to $10 billion in liabilities by challenging last month’s appeals court ruling in the faulty ignition switch saga.

The automaker wants a rehearing after the court ruled that it couldn’t use its 2009 bankruptcy to block hundreds of crash-related lawsuits, according to the Wall Street Journal. (Read More…)

By on August 9, 2016

Michigan Assembly Plant Launches C-MAX Energi Plug-in Hybrid

Detroit Three automakers need to invest in their Canadian operations or it’s no deal, the president of the union representing hourly workers said yesterday.

Contract talks kick off tomorrow between the automakers and Unifor, but a cloud already hangs over the negotiations in the form of recent threats of a strike and GM’s reluctance to talk about its Oshawa plant’s future.  (Read More…)

By on August 1, 2016

2016 GMC Yukon, Image: © 2016 Bark M./The Truth About Cars

Opportunistic thieves are making off with high-end wheels from dealer lots more than ever, but one Ohio man’s nighttime excursion at a General Motors dealer just cost him his life.

Employees at Ron Marhofer Buick GMC opened their Canton, Ohio dealership per usual on Saturday morning, not knowing that a 43-year-old man lay dead under one of their Yukons. (Read More…)

By on July 29, 2016

2016 Buick Avista Concept, Image: General Motors

You remember the Avista — the sexy concept coupe unveiled by Buick at the North American International Auto Show in January (before being spirited away forever)?

Apparently, several people at General Motors weren’t happy that the concept’s shapely flanks and lithe profile saw the light of day, despite favorable reaction from the media. According to an uncorroborated source at GM Inside News, the Avista’s arrival was a blow to the team behind the Chevrolet Camaro. (Read More…)

By on July 21, 2016

General Motors #AMERICA

General Motors is busy phoning friends and posting on its Facebook wall after it made record net revenue in the second quarter of 2016 and boosted its net profit by 157 percent.

A net revenue of $42.4 billion is a high point for the company, even though the automaker’s global sales were flat compared to this time last year, with 2.4 million vehicles sold. Is it any wonder GM isn’t concerned about its falling market share? (Read More…)

By on July 18, 2016

Vauxhall-Astra-297766

Britain’s recent vote to leave the European Union could cause General Motors to up and leave the country, industry analysts predict.

Production of Vauxhall and Opel vehicles could shift across the Channel if the EU places import tariffs on vehicles bound from Britain, LMC Automotive said in a report, ending GM’s decades-long presence. (Read More…)

By on July 14, 2016

Chevrolet Cobalt Sedan

General Motors had hoped to put the issue behind it, but a judge’s ruling just opened the automaker up to billions in damages over its faulty ignition switch scandal.

Yesterday, the U.S. Appeals Court of Manhattan ruled that lawsuits filed against the automaker for accidents that happened before the company’s 2009 bankruptcy sale were still valid. The decision overruled an earlier court decision that protected GM from such suits. (Read More…)

By on July 14, 2016

GM

General Motors executives are breathing a sigh of relief after the automaker reached a deal with a supplier that threatened to shut down GM’s entire U.S. assembly operation.

The automaker hammered out an agreement with the bankrupt Clark-Cutler-McDermott Company, a supplier of trim and acoustic insulation that GM had been propping up financially since March, the Wall Street Journal reports. (Read More…)

By on July 13, 2016

General Motors #AMERICA

GM is facing off with a key parts supplier in bankruptcy court today, but the drama between it and the Clark-Cutler-McDermott Company started at the same time the automaker handed the company a nice award.

The Massachusetts-based CCM axed its workforce on July 8 and declared chapter 11 bankruptcy, leaving the automaker without the insulation and trim parts needed to build most of its vehicles. A continued disruption in the supply chain would be a massive blow to the automaker, forcing it to shut down assembly plants throughout North America.

Court documents show that at the same time GM was handing CCM a “Supplier of the Year” award at Detroit’s Cobo Center on March 10, CCM had already told GM it had defaulted on a loan and was looking for a handout in order to stay afloat. (Read More…)

By on July 13, 2016

2016 GMC Sierra with eAssist, Image: General Motors

A Massachusetts-based parts supplier you’ve probably never heard of could force General Motors’ entire North American operation to grind to a halt.

Clark-Cutler-McDermott Co. stopped making acoustic insulation and trim pieces for GM vehicles on Friday after declaring Chapter 11 bankruptcy, a situation it blames on money-losing contracts signed with the automaker, a source told The Detroit News(Read More…)

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