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June
2
2009
12:09 pm
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Tony Borroz

GM Finds Buyer For Hummer

BlueHummer.jpg

Hot on the heals of GM filing for bankruptcy (gulp!!) comes some the welcome good news that The General has finally found a buyer for Hummer. Hummer sales have been in a free fall for months and month, and the last time I looked, they were down over SIXTY percent. So the sale of Hummer must come as welcome news to GM shareholders … hey, that’s us!

So who bought Hummer? No, it is not Ahnuld, der Governator (a noted big fan of the mil-spec trucks) actually it’s … a mystery at this time. All General Motors will say is that they have entered into a memorandum of understanding (AKA an MoU to you MBA FYC out there, OK?) with a buyer for HUMMER (looks like it’s another one of those all-caps brands). The sale “is the result of GM’s strategic review of the HUMMER brand and the company’s ongoing restructuring efforts.”

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June
1
2009
3:22 pm
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Will

A Ten-Point Plan to Fix General Motors

By now, it is common knowledge that the Big Three is now the Big Two. Chrysler, ever the more anemic of the three beasts, has filed for bankruptcy, and only two are left. Ford seems to be doing okay, in fact, they sold more cars in April than Toyota did. So now it’s GM that’s close to hearing that death knell. But fear not, for here is my ten-point plan to pin the medals back on the mighty General.

Mind you, this isn’t a plan designed to save GM from a very likely bankruptcy, as that would take an angel from car heaven to flip a switch in everyone’s head so that they suddenly buy American. Rather, this is a plan designed to fix GM, and to ensure that the General’s current predicament will never happen again after GM bounces back. Also keep in mind that this is a plan only for GM North America (for I propose cutting Buick, which would alarm the reader living in, say, China).

UPDATE: Well, looks like this is strictly a plan to fix GM after recovering, as the (once) powerful General went into bankruptcy today. Strange and scary times we are living in

1) Keep Pontiac

Pontiac G8 GXP

I’m still reeling over GM’s decision to axe Pontiac. Next to Chevrolet, this is the brand that has the highest potential to make money! After all, look at all the effort GM has put into this brand. They’ve spent all that money developing the Solstice GXP Coupe, the Pontiac G8 and variants, and now they are going to just kill the whole thing off? That doesn’t make sense. What’s more, the decision to return to the four “core brands” of GMC, Chevrolet, Buick, and Cadillac does not make sense either. Chevrolet and Cadillac should be kept, of course, but GMC and Buick? Neither are making GM enough money to justify their continued existence, and neither fulfill a market that the other two (Chevy and Cadillac) can’t. Continue Reading…

May
18
2009
11:57 am
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Tony Borroz

Roger Penske To Buy Saturn?

RogerPenske.jpg

Well, it’s the month of may, and to me and every other racing fan on the planet, that means the Monaco Grand Prix, the Nurburgring 24 hours, and of course, the Indy 500. And right on cue, and no doubt much to the dismay of his competitors, Roger Penske, The Captain as he is known, puts his two cars at one and two on the grid.

Penske will be going for an unprecedented FIFTEENTH win at the speedway, but while poking around for info on the upcoming race, I came across this odd little rumor that seems to be gaining traction: Roger Penske might buy Saturn from General motors.

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May
15
2009
12:36 pm
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Chris Burdick

GM to Axe 1,100 Dealers

GM Dealership

GM announced today that by the end of 2010, they will be cutting around 1,100 dealers across the US, which is about 18% of their dealer network. These 1100 dealers are what they call the “underperforming and very small sales volume” franchises.

Their previous news of shrinking the GM brand by making cuts like killing Pontiac, for example, plays in with their long-term plan here, which is to make a healthy and smaller volume of vehicles and dealers instead of a high quantity of “iffy” models and sales outlets. In other words, it’s survival of the fittest. Continue Reading…

April
27
2009
2:06 pm
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Chris Burdick

GM Kills Pontiac - Focuses on Boring Brands

Pontiac G8 GXP

GM announced today that they will be phasing out the Pontiac brand by the end of 2010. This news came right after they announced they will also be cutting 21,000 hourly jobs and reducing their dealer count by 42% within the same time frame. This, in an effort to stay out of bankruptcy, of course.

“This action will allow General Motors to devote its limited capital and other resources to GM’s four core brands: Chevrolet, Cadillac, Buick and GMC.” So GM wants to kill off the only brand that made them look even slightly sporty and exciting, and focus on the oversized and ultimately “boring” brands. Continue Reading…

March
6
2009
11:53 am
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Tony Borroz

Caddy CTS-V Coupe Not Dead

CTS-V Coupe.jpg

The continuing soap opera that is GM (if not American car manufacturing in general) continues with more twists and turns than a misshapen corkscrew. In today’s installment, the part of young Doctor Powers, he who would save the youthful and well healed of Grosse Pointe is played by the Cadillac CTS-V Coupe. What? You thought that young Doctor Powers/ the Cadillac CTS-V Coupe was dead, killed when the evil “socialist” government overlords wouldn’t give enough of their money to poor, poor GM?

Nope, looks like the Cadillac CTS-V Coupe is alive.

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